Evening capital journal. (Salem, Or.) 1888-1893, 1892-10-03
s0V. PENNOYER's SPEECH,
psllysrsd = nosssurs. Or, Oct. 1, 1904.
FsILow-urfzENs.

TzLLow-crrfzESs.
The approaching presidential election
should not occur without fair under
standing OF the great issues involved,
aud IL Is for the purpose Of presenting
those issues rs p1ainly and euccintly as
possible that now address you. Ishall
today speak in defense Of the sclf-same
,neasures ] have heretofore advocated
ipon all occasions. shall defend the
doctrine, as heretofore, that the bnns of
federal taxation should be levied upon
the wealth rather than upon the labor
and Industries of the country; that there
should be the free and equal coinage of
both gold and silver money; that both
should be full legal tender, and that
the paper money required by business
interests should De issued direct by the
government rather than by private bank
B ing associations, which, like gold and
silver, should be legal tender. 1t is
true, however, that in advocating the.s
measures now find myself outside of
the political organization TO which /
formerly belonged. But that is neither
my fault nor my misfortune. II is the
fi,ult, IL not the misfortune, of the late
Democratic party, which, having aban-
tIoned its principles, now ought by right
10 abandon its name. Some two and q
bnK years ago, just following Cleve-
lunds anti-silver letter, in response to a
request, said to the Cincinnati En-
'Quirer: The great masses Of the Demo
cratic party in the United States favor
the free coinage OF silver. Mr.. Cleve-
lund opposes 1t. Mahomet must come
10 the mountain, as the mountain will
net 60 to Mahomet. But was mis-
taken. A phenomenon in the political
world has occurred almost as remarl-
able as the removal OF mountain at the
command OF d prophet, A great politi-
cal party with nearly q century's history
OF consistency in faith and devotion
to principle has at last proved recreant
10 all OF its traditions, and, forswearing
its fealty to the canse OF the people, has
knelt II blind, idolatrous devotion at the
shrine OF man whose sole distinguish
ing characteristic Is his stubborn sub
serviency to the demands of theSmono-
inetallists. A careful investigation,
however, disclcses the fact that this de-
yotiou Is really not to him, as he has
neither the personal qualities, the in
tellectual endowments, nor the political
sngacity to win homage. Like the moon,
his effulgence Ia borrowed light. The
real reason of his potency Is the fact that
bis candidacy Is demanded by the money
power. In his nomination, the strength,
X any which was gained, was from the
strong boxes OF Wall street. As the
pious Musselmnn turns at each prayer
his face toward Mecca, so the Democrat
ic party In the hope that "thrift might
follow fawning" at the Chicago conven-
tion turned its back upon all Of its re-
vered traditions, its tifne-honored prin-
ciples, and its heretofore unbroken rec
ord Of devotion to the peoples cause, and
with IL face to the east, made q most
profound salaam to the great joss set
M BY the Gevotees of monometallism
and bank rag money. That this dag
nosis II correct is we'll demonstrated by
the fact shat similar reversal of posi-
ti0n on the silver question was made by
tho Republican party. Two years ago
In Oregon, the Republicans as well as
the Democrats demanded free coinage.
Now both parties are supporting cardi-
dates pledged against the free coinage
OF silver, and either OF which would
veto any bill in its favor passed by con-
eress In pursuance Of the demands of the
people. The Republicans did not
change out OF respect to any candidate,
but solely to win the favor of the monied
interests OF the country. In fact this
right about lace movement Of the Re-
publicans was really more painful to
them than TO the Democrats. They
number among their hosts one man,
who like Saul, the son of Kish, "from
his shoulders and upward is higher than
any of his people, the foremost man Of
America, and one Of the most sagacious
politicians aud profound statesmen of
our country and OF our age, the man
who has alone given to his party Its only
hope OF success by clothing the divine
doctrine Of free trade in the Mother
Hubbard garb of reciprocity and install
ling 1t upon the most exalted seat In the
very sanctuary Of protection, where the
radiant goddess now sits enthroned, the
object OF the most devout alteration and
the sole hope of the partys political sal
walton.
James G.. Blaine of Maine was, as he
really deserved to be, the real choice OF
his party M a candidate for the presi-
dency. But there was one fatal objeo-
ton. He was in favor of bi-metallic
currency. He was devoted to the policy
OF the constitution, followed for more
than eighty years from the foundation
OF the government, which recognized
both gold and silver as lawful money,
gave TO both free and equal coinage, and
Impaired TO both full legal tender quail
tiles. The money lords OF the land, who,
In order to enhance the value of their
wealth, had procured the degradation Of
silver by the denial of its coinage ON
equal terms with gold, and by the de-
privation OF its legal tender qualities,
planned his defeat and effected its con-
summAtion. And then having secured
HRrrisons nomination at Minneapolis,
they struck tent fer Chicago, where
they procured the nomination OF Cleve-
land. But the great statesman OF Maine,
who would not forego his principles for
the sAke OF the presidency, In still greater
a. his retirement than either Of the can
didntes OF tho two old parties who pro-
c)lted their nomination by acquiescenoe
e the demand OF the monoinetallic
rulers Of the land. The nominations OF
Harrison and Cleveland, OF like prin-
elplss and policy upon leading questions,
N opposing political parties, Is quite an
clnpmaly In the political world. Both
I1vor the tariff W. the great source Of |
H1Eonue, both oppose the free coinage OF |
tonk rag-money. They arc the
1olp serfs Of Wall street, aud, like pair
cf faithful old stays are really under the
1HQne yeko ploughinR the national sum-
~ fsllow for the hire OF the plutoorats.
I1t fovtunately for the country new |
togoy has entered the political arena, In /
&n<oGonlsnl 70 both Of the old parties.
rG1ood of raising the bulk Of the ma
onn1 rosenue hy tariff taxation. which
~ With nnjust and unequal weight /
cn the hiaer and industries Of the
ro}ry. Il would transier the bulk Of
x &nrden. BY an income tax. 10 the