The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-08-03


a certain amount of money in circulation
and then the Government contracts the
money volume before that debt is paid it
is the most helm Gus crime which Govern
ment can commit against a people. And
that said Governor Waite. is exactly what
this Government has been doing since 1873.
Congressional legislation and nothing else
has reduced the price Of silver bullion
from 81 80 per ounce in 1873 TO 20 cents In
1898, and legislation for which the two
old parties are equally responsible.
has reduced the price of wheat in the
same time from 81 Il per bushel to 53
cents. The same legislation has reduced
the price Of cotton from 1913 to rs cents in
the same time. The ratio of value OF Sill
yer as bullion CONF ared with the gold dol
lar has been increased from 16 to to 22112
or "a to 1. 1t has not only diminished the
value of silver bullion, but has also dimin-
ished in almost the same proportion the
value Of wheat, corn. pork. beef and cot
ton, as well as the wages Of labor. We hear
much about overproductioD and the law
of .upply and demand, but with the single
standard gold men Of Europe. who have
the reins in their own hands, there is not
there is no such dishonest attempt to dodge
the issue.
Waite then quoted from speech by
BalfOur at Manchester. in which he is re-
ported as saying: The gold monetary
standard has in fifteen or sixteen years
gone up no less than 80 or So per cent, and
as TO its further rise In value no man can
set the limit
Not long ago, said Waite, Gladstone was
told by Mr.. Thompson. in the British
Parliament, that the gold standard was
crushing out the agricultural and CONNER
cal industries of England by compelling &
business upon falling market, the debtor
class being reduced to industrial slavery,
and that the taxes Of India. while nomi-
nally the same. forced from that country
double the amount of her products, which
a few years ago paid the tax.
Gladstone then unblushingly declared
that England, as creditor nation, could
stand any amount of appreciation in the
value of credits, and added that govern
ments we're not concerned about philan-
thropy.
Considering the condition of the masses
in England and India, Waite said that this
was the most brutal remark since Cain,
with the blood of his murdered brother
crying from the ground, insolently asked
the Almighty, Am l my brothers
keeper"
Waite denied that in broad sense the
silver is local question. and said he could
prove from official statistics that the loss
to the agricultural States from the scarcity
Of money was in a good part occasioned
by the refusal of free coinage in each
State in the great Mississippi Valley was
from ten to twenty times the loss sustained
by Colorado. The proposal by the false
friends Of silver and their allies in Wall
street 10 adopt the present price of bullion
silver as compared with gold as a new
money ratio would simply crystalline all
the wrongs and injuries the money power
had inflicted up the people for the past
twenty years. This. as a compromise,
beats shz ons the devil proposed TO Jesus
Christ on the mountain.
Waite said that an international confer
ence for the purpose Of settling our money
affairs by the dictaton of the foreign
money power is the most contemplate and
God-forsakep idea that ever entered the
brain of an American citizen. II we have
become under the rule Of the two old par
ties only a province of the European mon
archies then we need another revolution
another appeal TO arms and TO the God of
hosts. This evoked great applause.
In closing. the Governor said: WHO is
Grover Cleveland. and who is Benjamin
Harrison, and who are their supporters
in Wall street and Chicago. that they dare
70 hriv int la
500, COO American freemen? There is no
use crying peace when there is no peace.
The most dangerous tyrant is that en-
forced under the forms of law. Our
weapons are arguments and the ballot-a
free ballot and fair count. If the money
power shall attempt to sustain its usurpa-
ton of our rights by the strong hand. as
in other lands, we will meet that issue if
it is forced upon US. for 1t is better, inf
nitely better, rather than that our libert 5
should be destroyed by the tyranny which
is depressing humanity all over the world,
that we should wade through seas of
blood-yea, blood to our horses bridles."
Ex-Congressman Pierce of Tennessee.
who was BANDS lieutenant in the last Con-
gress, was greeted with great enthusiasm
and proceeded to arragn President Cleve-
land in a vigorous manner. He began by
asserting that the Democracy had no hand
in the decentralization of silver since 1873.
when it was demonetized; the Democratic
Represen ntatives from the South and West
constituting an overwhelming majority of
the Democrats of the floor of Congress
have every time that free silver has been
presented cast their votes in the interests
of the people overwhe emingly for free sill
yer. A voice from the audience cried:
"What will Cleveland do?"
"Clevela1d does not represent the DEM
ocratic party" quickly retorted Pierce,
and then the convention broke loose, men
jumped to their feet and cheered, while a
hundred voices yelled THAT Is so; be
represents Wall street."
81 say to-day" resumed Pierce, 'that
Grover Cleveland. the man from the
East who claims to represent the Dem
ocratic party. does not represent it. but
mlsrepreseEts Its position op this ques-
ton"
Pierce added that Cleveland was nom-
mated because the people throughout the