The Caucasian. (Clinton, N.C.) 188?-1913, 1893-08-10
HE REPLIES TO COL. WATTERSON AND
UPIIOLDS TIE PRINCIPLES OF THE
PEOPLES PARTY IN THE GREAT
OTADRANGILAR DEBATE AT
PHILADELPHIA.
HOW TILE NATIONAL BANKING SYSTEM OPEKAl ES-ILLUS
TRATIONS FIT THE PRESENT CONDITION OF AFFAIRS
-POPUIIST PRINCIPLES APPLIED Is CHRISTIANITY
MOTION-THE SPEECH IN FULL
Continued from last issue.

does Nv hat Is thatT "A gov
eminent bond" "Oh father, ar,
you joking with me." "No, / am in
earnest. will let you have the
money if you will give me the secur,
ity, that is ALL" Father, you know
that | have no government bond
but | have got 100 acres of land and
there is no mortgage on it. and my
barns are full OF wheat and corn and
oats, and that is all that makes Abe's
bond worth cent. If it was not fol
the products of the industry of the
people it would not be worth a cent
| (Applause.) Now | will give you al
that makes Abe's bond good. Why
Abe's bond is not security, it is not
an evidence of wealth, it Is an evi-
dence of poverty. This government
is in debt and can't pay. 1t comes
the nearest to the scripture defini-
ton of faith, of anything | ever
saw. 1t is the substance of things
hoped for and the evidence of things
not seem Laughter.) | will give
you the fullness of the earth, al
that makes his bond worth anything
why will you not let me have the
money as cheap as you do Abe9"
"Well Ruth, you are my daughter,
but | am little peculiar about my
security. If you cannot give me the
security, | will let Abe have the
money at | per cent, and you may
go and borrow it from HIM at 10 per
cent and pay the interest IN ad-
vance " Now sir, if | should treat
my children in that way, you would
say that | was an old wretch and
would not associate with me, and it
would serve me right; and yet sir,
you have mortgage on your home
stead, and the poor house is staring
you in the face; you are old and de-
crepit and infirm and careworn, and
burrows have been plowed through
your checks, and yet you have been
lending ne the money at l per cent,
and you have been taxing yourself
ten times as much as you have taxed
me for the money. Oh, if there is
anything on this earth that disgusts
Il man when his eyes are wide open
1T Is to see a poor man going to the
polls and deliberately voting money
into my pocket and out of his own
pocket, aud taking the bread out of
the mouths of his own children
Applause.)
This is a congregation of Church
people and | put this to your con-
science-dare you when you get home
tonight, and drawing the drapery
of your couch about you, get down
on your knees and ask God to keep
you until morning, and then put
your hand on your heart and say
that you approve of this monstrous
systems (Applause.)
Now what does this debate mean?
Is it a contest here between gladia-
tors, or are you trying to get at the
truth9 May God quicken your CON
science here tonight. (Applause.)
l say that man who is not as re-
iglOus at his ballot-box as he at the
sacramento board is an arrant hy-
pocrlte, and | don't care what church
1t is that he belongs to. (Appluse.)
The idea of being sanctifed at
church and at the same time yoke
fellow with the devil on election day!
| would rather you would play the
devil 364 days in year and then
! join the army of Christ on election
day. daughter and applause.) All,
my brethren, this relation of man to
man is sacred matter. The ques-
ton asked by Cain, the murderer,
Am | my brothers keeper" must
be answered and answered right, the
world over.
"Well now" said Smith, "we have
not got money enough and we have
not had money enough for twenty
five years"
why, | went to your bank to
borrow some money to pay interest
ON my mortgage, and l never asw
SO much money there must have
been million dollars there in the
bank"
"Ah," said Mr.. Smith, "that is not
the place for the money. If you had
asked the president of the bank he
would have told you that he didn't
want the money in the bank; that is
one cause of the scarcity of money.
Do you know why it accumulates in
the bankg"
''No, l do not; l have not been
able to solve that question"
We'll, the reason why the money
accumulates in the bank is because
the prices of all products of labor
have been going down and down for
quarter Of century, and today a
man is not safe to borrow money
and invest it in legitimate business,
because he don't know how he is 60
ing to come out. and so he don't Dor
row the money-he don't know that
he will ever get the same number of
dollars out again. That is the rea-
son why the money accumnlates in
the bank. 1t is like a case of lung
fever-when the blood coagulates
the patient dies-and the doctor will
tell you if that man had all that
blood in circulation he would not
have died"
Now it is the same thing with
money, and when you see it accumu-
late and coagulate in the bank, la
Dor has got the lung fever, and it
will die. 1t is cold at the extremi-
ties, and if you don't get that money
into circulation the country will per-
lsh, and there will be lockout upon
lockout and strike after strike. It
ought not to be in that bank, 1t
ought to be in business and there
ought not to be this condition of
things in the country. There is not
money enough, and l want to give
you maxim which you should not
forget as long as you live
what is that9" said they.
ut is this,-the demand for money
is equal to the sum of the demand
for all other things. Do you catch
it9" said he. 81 don't know as we
d." they said.
''Let me repeat it. The demand
tor money is equal to the sum of the
demand for all other things. For
instance, if you want a hat. Won
don't first ask for the hat. VOL, a.