The farmers' union. (Memphis, Mo.) 1891-1895, 1893-08-31

money and let II ircula,e; coufd,r nee that the
people will take their money there and let
The banks pay scInetody else. and that per
son deposit II. and then sonnet ody else can
pay II. You have cot 70 keep the money OF
this country turning over almost daily or YOU
Will have panic: There i not money enough
IL the country. pointel il out here III ISL.
and showed the statistics 20 prove that there
was only ahoU, /" per cent. or the liabilities ot
the banks III cash then showed and sha!i
Il: =, me proper time iead what ! then said
that the hole financial structure was based
uron confidence. ana THAT tie moment YOU
destroyed that YOU had coi!ai Sc. l wss
called al Intistlonlst then. q silver crank.
y" Time FOR Contraction.
>eEa'o: Wolcot. OF Colorado Rep WheI!
the ;,aI ers Yesterday and Tie day before
noutced that the banks We're unable i o furnish
tAe tanners Of Indiana and Minnesota and
the Northwest with even the currency sutf-
ccn; :" move their grain, 90 You mean to tell
Us that confidence l. 70 come back II you viii
only unconditional V rel.a' the sherman act:
III II bring o'fiderce back t the railroads.
vi o see diInIn shlng earnings WET after week.
earnings winch Will diminish III = still greater
ratio III the niont''s 70 cone with !, poverty
stricken ~ oIle unable 70 get tier currency
from + e banks and with the piice II their
train constantly decreasing! j. IL 70 bring
corfideIc zee ack 10 them: Will il bring conf
cence 10 Tx. NIL ioa> OF people n the far
Nor'ilwt who have >ctn their principal il
dnftrv ~rrlt ken down tE the existing 'on'i.-
ton CT affair. and " hlch the assage of II his
Il
bring hem confidence: Those people. Mr..
President, la" abiding ana orderly. ASK. under
Tie protection OF the HaE. 20 d. i, Tilted TO
m Their living and to carry o., "a INDUSTRY
which The law b: recop nzed since : e iou.l Ia
ton OF tie republic. The senator from Mas
sacuusetts tells Us that we want first uncOn-
ditiCn II It ~ al. and afterwards so'ue measure
VIII he euacteei for the recognition of silver.
You ~ay 70 those people already almost home
less. with the rOoI OF their cabin gone and pos
clty ctorc them. IL YOU let Us knock on.
ycl:r foundation. tone and otlit all trace
o. Your home and the place OF your habitation,
III the time to co!le. after we have had con-
slderatlon. We Will build YOU stone-tront
house" Now. Mr.. President, confidence viii
not thus be brought back.
\ West Virginia solution.
Mr.. Pendleton of West Virginia DEM.
satisfied that ratio of II to l. or d ratio Of
l. to /. VIII accomplish nothing. well a
ratio of ~ to i. But am satisfied, along with
Grover Cleveland and other good, honest ster-
ling Democrats. that the only way in which we
can accomplish that full. complete. and ample
Teluonet lZatiOn of silver IS by an internatlOn
al agree ment made with three or four OF the
leading commercial countries of the world.
When that il done and believe it will ulti-
mately he done, and at no distant date then
the promises OF the national plat form of
Chicago will be kert. the falt l. of Grover Cleve
land will be maintained. and the Denocra vic
party Will have fulfilled every financial pledge
to the people OF this country for the future
well as the past, and for one am content to
wait for that. expecting that we shall see the
dawning OF prosperity once more upon
this beautiful land of ours If we
should fail in obtaining International
agreement. | should then favor issue OF
Treasury notes redrcnahle on de nand in gold.
gold reserve In the TIeasur. of Sloo,'"n"w
sustains stlG.oh","" of Treasury notes and
Sl47,nn,o o of silver certificates and no holder
of a Treasury note ever calls for dollar Of that
gold because the government promises TO pay
in gold and the creditor is satisfied with the
promise. This is confidence. Issue Sl'n.t 01,HU
OF bonds for another tlu's" ,nh' of gold Put
the gold in the Treasury as a reserve On thai
old yrcenbcck-. and send them into circulation
from time I" time they are needed. Get
them out among the people Just the first
$500 o.'"D were thrown into circulation. Not
dollar Of the new gold would be called for
long our faith pledged. We would
know that we could get the gold when we
wanted it, Onfiltrce would be lust he same.
money would be plenty. and this great old land
of ours would march onward in happiness
honor, and long continued prosperity.
~ Would Act
Sena:o Lodge. of massachusetts Rep.
The senator from Missouri MIR Vest yeStcr-
day said, III referring to the coalition of the
silver States. that if We were TO have iegis-
laton TO close tn. mills of New England every
senator from those states would hc here ready
to offer the mos! bitter resistance Mr. pre-i-
dent, the mills of New England are closed now.
There is need of further legislation. Al
his moment, with the exception Of two mills
thcr" not a ~p ndle turning III the city
Of Lawrence. and tfeT employ I".,"D hands.
There Is only one mill going in the
CITY or Lowell. ana they employ over
.n."o hands. There are over tot'n people out
Of employment at this moment III .nly two of
the cities of the Commonwealth that | i'll Fart
represent Multiply it 10y ten and You yet
son idea OF Ii. distress that r. st upon :he
State Of massachusetts,. Multiply it by ln"a and
YOU get s"',!c ld "a of the distress pervad ny
the Northern states. and when there Is h "A
blight resting on the industries of my own
state. ard of all III" "h'r great industrial
f"r rary p ,f or for ' DELAY "I> snrly a ask
for action. | believe It is the highss 81 duty
that the senate can Ierfornl TO take the quick
est possible action. 1t seems to me IA case Mr.
President I" which may apply the words of
n very DISTINGUISHED predecess IT of mine. Mr.
John Quincy Adams. Il WOULD not deliberate e:
l would act.
The Question OF Pat forms.
Mr.. Roatner. OF Louisiana Dem. see gen
tleneI around me. elected upon the Demo-
cratic platform. elected by Democrat CON
stituencies, elected by people who demand
that the Democratic plat form shall be exc
cuted to the letter. wto say that they consider
they are executing that platform by destroying
the legislat ion which authorizes the coinage of
silver and by suhst itut ing any other !egis-
lallon to take its place. OF course. if this is
satistat tory 10 the conscitnces of these gentle
men il Is sat isfactory Ia me. hut want to see
them face their const tt:encie@ ! want to
hear from the country. | want to hear from
the southern States. WHERE We were only able
to hold the people III line by point ing o this
very plank in the platter anu by puint ING to
Mr.. Cievetauus letter OF acceptance and by
saying, Inc tfc!lOtrAlit party II bound III
honor and conscience 10 stand by it: that 1t
has never BETRAYED the people before and will
not do so in he future We have pot to go
home II this bill passes and say. Gentlemen
YOU were correct when YOU said that the plat
form of the Republican party was 4 sounding
brass and tinkllng cv!nbal. You were correct
when YOU said that the plat tor:n of the Demo
cratic part was a mere snare to cat ch votes
You were right and were wrong Iou I'M
GcrStood the sit uat ion and we did not
Palmer for Repeal.
senator Palmer Dem. of Illinois, argued in
support of the repeal bin. ], could not fairly
he asserted. he said that the President dfG not
favor the use of both gold and silver as the
standard money of The country. uor did il fol-
low that, because the President had failed to
say a word in reference TO bimet allisln in his
recent message 10 CONGRESS he would disap-
prove OF legislation providing for coinage OF
both metals that would be of equal exchange
able and intrinsic value. He expressed the
opinion that the great majority or the Amer
icae people would not on approve but would
rar:urously applaud legislation that would
establish and maintain lie hlynetallisrn Of the
Chicago convention. tie believed however
that in the present state OF the market IL vas
hay u shav fSv>; -