Mohave County miner., 1893-07-29
GOVERNOR WAITE.
a SOUND SPEECH on 4 VITAL TOPIC.
Our Weapons are Argument and the
Ballot"

Waite's address delivered before the
silver convention Tuesday, July IL,
which created such sensation and long
and heated debate.
~ shall speak very briefly and only to
0 few points. The demonetization Of
silver in 1873 was secret and fraudulent,
but the present movement Is open and
aggressive. Notwithstanding that since
1873 no Congress has convened but a
majority in both houses were in favor Of
silver, yet they have never been able to
enact a Law ior the free coinage Of silver
because the president. whether Re-
publican or Democrat, has been domi.
mated by Wall street and has always
been ready TO interpose his veto, equal
to two-thirds vote in both houses Of
Congress.
"The effect Of the goldbug conspiracy
since 1873 has been TO increase the pur-
chasing power Of money, or, TO put the
statement in another form, to decrease
the value or price OF ali commodities.
BY the legislation Of the past twenty
years the vslae Of money. bonds. mort.
cages and all evidences Of debt has in.
creased until their face value
nov will purchase double the amount
of all staple commodities that il would
then. Silver, when demonetized or de.
MED free coinage. As bullion, becsme u
commodity, and, like all other commod.
tiles, it's value has depended upon the
abundance or the scarcity OF money IN
circulation.
Abraham Lincoln said: If debt il
created with certain amount Of money
in circulation, and then government con.
teacts the money volume before the deb,
10 paid, it is the most heinous crime
which a government can commit against
the people, And that is just precisely
what this government has teen doing
ever since 1873. Congressional legisla.
tion and nothing else has reduced the
price Of silver bullion from 81 80 per
ounce In 1873 70 10 cents in 1893. Legis-
lation, for which the two old parties are
equally responsible, has reduced the
price of wheat from 81 Al per bushel in
1873 TO IS cents 10 1893. The same leg
islation has reduced the price Of cotton
from 10 $40 cents per pound in 1873 to
~ cents in 1893.
Legislation not positive, but mega.
tive, refusing free coinage Of silver, has
increased the ratio Of its valus as bullion
compared with gold from 16 to to 22ha
TO /; 1t has diminished the value Of sil.
yer bullion, and has also diminished in
almost the same exact proportion the
value Of wheat, corn, cotton and all other
staple products and the wages Of labor.
And now IL is proposed ny the false,
treacherous friends Of silver and the
allies Of Wall street to adopt this new
ratio Of 221 or "a to as the new basis
Of the tree coinage Of silver. Such q
eomoromise will simply crystalize all
the wrongs and injuries which the money
power has inflicted upon the people fo'
the past twenty years. II will declare
these robberies condoned. And deprive
ourselves Of any redress or remedy in
the future.
'It saws to Wall street: You have q
good right and title TO all the wealth and
prosperity you have thus tar flched
from the people. Now, take q new
start, and see II in the next twenty
years you cannot rob the people Of a
least twice as much as you have in ths
past twenty years. And this is called
compromised Why, IL beats that Gel
ebrated compromise which the devil pro
posed to Jesus Christ on the mountain
"a word upon the international con
ference. The future historian will b.
amazed to read that the two great polit
ical parties Of this country in 1892 boil
agreed in their national conventions up
on the unpatriotic and unAmerica.
policy to submit legislation upon th'
finances of this country to the advic
and consent or dictation Of foreign gov
ernments-to conference put up i
the interest Of the money power. 1t ]
the most God-forsaken and centemptibl
idea that ever entered the brain Of o
American citizen.
'If il Is true that the United State
is unable to carry out its economic an
governmental policy under our own cor
stitution and laws without the directio
or consent OF foreign powers; IL We ar