The herald., 1893-07-26
cANNON'S ADDRESS ON SILVER
The Congressman Makes a Fer
vid White Metal Speech.
The Arguments Which He Advanced
for Bi-Metal1ism.
He VIII Vote to Repeal the sherman
Act Only when He Knows What
is Coming After-Features OF
Last ights Meeting.

A citizens meeting was held last
night under the auspices OF the knights
Of Labor at O'Clock at the old court
house.
District Attorney II. @. Dillon with
few appropriate remarks opened the
meeting.
He spoke OF the invaluable properties
Of silver, and wound up by saying that
when we fight upon the money question
we are fighting for our homes, our wives,
our families and everything which is
dear to us. Money is the essence OF
power, and those who control it control
you and /.
Mr.. CLARK then rose and introduced
Congressman Cannon.
Mr.. Cannon said: sit is but natural
that you should know my opinions ON
the great issues now agitsting the
country. I have been solicited during
the past week by the citizens OF this
county to stop here on my way to the
capital OF the nation and briefly talk to
you.
AS you know, am one OF those who
have an opinion, and also am one OF
those who don't care who hears 1t.
am here to give you that opinion, and
want to see whether the citizens OF the
Angel city will back ms in it. am the
advocate and will be the representative
of the great common people in the halls
OF congress. We have been having some
object lessons lately here in this city.
The circulating medium has been scarce.
As q rule people tell you that all you
want is gilt-edged securities, aud the
circulating medium will be within grasp.
The proof you have had recently, and 1t
has also proved its falsity. The circu-
lating medium has been absent.
There has been combination which
has striven to crush down the circulat-
ing medium In the country ior the past
80 years. The fight, however,I us now on.
1t must be settled by the great indus
trial classes of this country. The de-
monetizatfon Of silver in 1873 was the
part of o worldwide conspiracy. 1t is,
l know, the general opinion that this
was the design of the Rothschilds and
other London bankers in connection with
Wall street in New York that this plan
be carried out.
This vas done through trick, which
was done by omitting in the coinage law
the old-fashioned dollar OF the dad
dies" and substituting another.
Judge Kelly said that the act was
drawn IN the handwriting of'the British
spy Werneside, who came over with s5.-
600 900 in his pocket to bring it about.
This man was only carrying out the
orders of his masters in Europe, and he
went back and boasted that he had
bought the United States for $500.000.
When we found it out we enacted in
1873 the Bland law, that authorized the
secretary OF the treasury to coin not less
$4,000. 900 and not more than "a o0O,O00
in silver month.
Iwant just here to state that the law
Was in the int erests of Wall street. The
secretary OF the treasury had the right
to coin 81 900, 600 in silver, but he only
coined $2,000,0O0. Everything was
thrown in the way of coming sivef.' laF
Notes we're circulated, even notes for
gold. Why? Simply to destroyu the
circulation of silver. - ssss
We have carried in this country afp to
July l, 1898, S4l9.090,00 standard dol
lars. In circulation at the same time
there is only s57. .000,OO0. The rssidue
is Issued on notes and these notes have
been pressing silver out of circulation.
Who demands this system OF demon
etization?
There is not political party in the
United States which dares to make an
issue between gold and silver. The Re-
publican party demands the use of gold
and silver as ordinary money, md the
Democratic party advocates the same
thing. We believe in the use of both
gold and silver as the standard OF coin
and in it's coinage without discrimfna-,
tion in the matter of metal or mintage.
What do we see when the candi-
dates OF both theae parties are placed ia
the field on national tickets? After
each makes this bold declaration OF
principle and declares itself in favor of
gold and silver as the standard money
OF the realm, each one turns to Well
street and ingeniously tells 1t that II it
will elect its candidate it will destroy
silver and promulgate the gold basis.
We propose to hold those people
elected to office to their pledges and
they can not 20 before the people and
decide on the demonetizing OF eilver.
If they do, there is one man in Califor-
MIA at least who will go before the peo-
pie and object to such proceeding.
We propose square deal in this mat
ter, and we don't propose to take our
orders from over the water. This
country is big enough, rich enough and
in every other way enough" to absolye
itself from the wishes Of the autocrats OF
Europe.
1t 10 estimated that England owns
fifteen billion dollars of the bonds OF the
world, and the bonded debts OF the
world only amount to twenty'seven bill
lion dollars.
Six OF the principal nations OF the
earth owe debts as follows:
frsnce- l'4ao'V0v'Uoo
England. 1vo'U0c'000
Itaiy ................. '22o2'9-0 &c
These six nations owe together
| S,435 900, ,000, and the principal
amount OF this is the property OF Eng
land.
If these English bankers destroy silver
and reduce it to one-half its present
value, they will double the present
amount of the bonded debt.
There is at present in the world about
100000 OF silver and $40 O0O 900
of gold. Destroy silver. and everything