St. Paul daily globe., 1893-08-27

bOrer. He had said that the banker, the
railroad president, the insurance COM
pany. the great corporation was not
creditor. but debtor. The man who
was and must be always a creditor while
the world lasted, and while economic
conditions remained the same-the man
who by the nature of his situation and
the character of social organization was
and must always be creditor-was the
laborer. The labOrer was not paid i'll
advance for his days labor. His cap
ital was his labor, that which he could
eXpend in production. When you show
ME mechanic who gets his weeks
wages in advance, then | will
show you laborer who is
debtor; but while the work is to
be done before the wagers are paid
the lahorer is necessarily creditor.and
he is different from all other creditors.
As Mr.. Reed had put 1t in his speech
today, if he (Mr. COckran) wanted to
loan $4,000, he would find plenty of
people applying for it. He would find
in the eXigencieS and stress of circum-
stances that forced men to become bor-
| rOwers his opportunity to put gold
payment clause into it or any other
provision for his own security: but if he
were laborer. seeking market for his
toll, depending upon the credit of those
his debtor. He could not hoard his cap
ital for day except at the expense of
his family and children. by endanger-
ing the roof that sheltered their beds
and. the clothes that protected them
| from
The Winters Blast.
For these men, the real creditors of
the country, and against the interest of
this banking clause, gentlemen on the
other Side affected to deSpIse, he pro-
tested against this legislation, and
pointed out the fact that instead of be-
coming friend'o the laborer they had
become his enemy and accomplished
that which the employer did not dare
to undertake. He denied ii. If ii had
appreciated, as measured by corn, wheat
| or pork, it had not appreciated in value
as measured by wages.
Oh! sir! said Mr.. Cochran, remember
| the long tedious Calvary which labor
has ascended in order to benefit its con-
dition. Remember how every milestone
| along that dreary way is marked by the
| blood of bleeding feet; the tears of
| hungry wonen, and by the means of the
| children who were denied suStenance
| from the breast of the mother. In long
strikes and i'll suffering and woe. labor
has lifted itself up in this land, until, by
the figures of the Aldrich committee, it
| is shown that it enjoys today the largest
| proportion of that which it produces,
| the only class labor has enjoyed in the
history OF the world. Continuing, Mr.
| Cochran said that he was in favor of
| free silver, but in its platform the
| Democratic party had refused to put
| the word free before the word coin
age" Applause.
The promise of the Democratic party
was that it would use all the silver we
| had. and now the Democrats asked to
suspend the further coinage of silver,
| the hope that in the future the country
would be able to add to its silver cur
| rency without disturbing the standard
of value. In this country there was a
! redundancy of currency, and what was
| the consequence? The more money you
issue the less you have. According to
| Mills, 1t was not the
amount of Money
in the country that affected prices: it
was the amount of money in circulation,
| You might-he eXclaimed-pump fifty
millions month or fifty millions a week
into circulation and 1t would be ab-
! sorbed as the burning sun of the desert
| abSorbS bucket of water. The gentle
man from Missouri (Ar. Bland) spoke
Of the return of gold to this country,
and remind that gentleman of
the way in which the gold
is brought back. How are we
getting the gold back; how, friend of
the farmer? BY the export of wht at.
ln the three months of 1892 we export
ed 2S,000,000 bushels and received S27,-
000,000 for it. In the same three months
OF this year we exported 81, 900, 600 bush
els and received S24, 600. 600 for it. That
| Is to say. that 100000 more bush els of
wheat brought back 81, 100000 less.
You cannot bring back gold by the
promssory notes forced into circulation
by the operation of the Sherman act
! The only method by which II can be
brought back is by the sale of our
produce. Scarcity OF money results
| only from putting bogus money into
circulation. While men live they must
eat bread. and whoever sells the ma
| teriai from which bread is made can
! force the stream of gold in his direc-
ton. While we have the products of
| our soil we can always have our share
of the worlds gold.
The friends of The farmer. the enemies
of the creditor, the friends of the debtor
are going strang way to accomplish
the purpose they have set before them
| What,they would do is depreciate the
farmers produce, depreciate the debts
| repudiate part of the balance which
he owes to the great army of creditors,
| who compose the great mass of the
laborers OF the country. 1t would strip
| the
Wage Farmers -
of 45 per cent of the progress which
| be done in the name of the people by
those who claim to be champions of the
| oppressed. Are we to be forced to the
| conclusion that this country is
so vast, that its interests are so
| diversified and irreconcilable, that
| legislation which is essential
| to the safety oil urban interests must be
| hostile to rural interests; that things
which make for the protection of New
| York must necessarily result in the Op-
preston of Missouri and Nebraska. [
do not believe that there has ever yet
| come time in this country's history
when any attempt to make a sectional
feeling has resulted in the profit of any
body. L hope that this attempt to re-
vive the prejudiceS based upon occupa-
tIOnS of each of the sections will be
abandoned by gentlemen when they
| come to recollect the meaning OF what
they say, and that they will realize that
| the fires OF this Union were stamped
Oub Uy ilhi iCLiilS dIIUlCS III llllS country
and the embers were quenched by the
blood of the martyrs and the tears
of widows. Loud applause.I | prize
the citizenship of this country not
because it embraces New York
alone, but because it embraces Nebras-
ka and Missouri and every section in
each Of the territories which is COM
prised within this country. New York
mas 10 mission, except that she can adj
minister TO your necessities and your
welfare. Prolonged applause and
cries of ''vote."l The excitement on
the floor was so great that Speaker
Crisp was compelled to call upon the
officers of the house 10 pass through the
aisles and Hobbies and request members
TO take their seats or to repair to the
cloak room, in order that public bust
ness might proceed. Mr.. Cochran was
followed to the cloak room, where the
fluctuations Of his hearers continued to
be showered upon him for some minutes.