The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1894-03-22

base should be enlarged. Free coin
age Of silver, he said. was merely
return to Jeffersonian Democracy and
of Lincolnian Republicanism, but the
two old parties have drifted away
from these principles into the sea
where scheming, plotting, self-seek-
politicians look for office. LET us
stand by the money of constitutional
liberty and of four ffths of the world"
he shouted. ut will broaden Our f.
nancial basis; it will put money in our
pockets; it will help our markets and
enhance the commodities of the mark
ct. We need larger increase of cir
culation and to keep the gold stand
ard men from aggrandizing them
selves. The country is on the verge
of bankruptcy. There is an overpro-
duction of millionaires and tramps
We are on the turning point of our
Republic and l have often wondered
whether it will lapse into despotism.
The one great question is, will the
American Republic live or die, as have
other Republics before it?
Mr.. Lankard started out by saying
that gold was principal, silver second
airy. Gold was the principal orna-
ment in Solomon's temple. Judas Is
CARROT betrayed the SAVIOUR for thirty
pieces of silver, he said, and the With
cism provoked Laughter. This was an
age of progress, and the school to
which my opponent belongs is loath
to break away from the old times.
They were not on the band wagon
and were getting left. The silver
product in the country up to 1850 was
not more than $4,000 annually and
only 100000 silver dollars were
coined in 81 years. He deemed the
contraction of silver in 1866 as neces-
sary, but this contraction ceased in u,
and the government did but it's duty
in discharging the obligations as it
did. There were such few silver dol
lars at that time that they were not
even considered. The mining ma
chinery up to 70 was such that only
$35 100000 of silver had been mined.
Since that time such progress has
been made in Improvements as high
as $75, 100000 has been mined in the
United States, and from Sl35, 100000
to $l50,OOO,OOO in the whole world.
Should we open up our minis to the
free coinage of the silver from Eng
land, France, Germany, Austria and
Persia, countries that have closed their
mint on that mineral? All of our sill
yer and paper money was maintained
at its purity by gold. He thought
that monument of the present mon
ey of the nation would be all ugly
looking one because each layer would
be about the same size-it would be
top-heavy, too much silver. He be-
lieved lii a limited amount of silver
but wanted every dollar as good as
any other dollar.
At the present time, he said, one
could get all the money one wanted,
if the collateral could be secured.
The money of America was about $24
per capita, but the money was small
convenience for tho carrying on of
business in this country-it was only
about 10 per cent, the rest of the bus
mess was done by the safer process of
checks. drafts, etc. The bankers of
New York are not the owners of the
money they have in their possession
merely honest custodians. The trouble
to-day is too much advocacy of cheap
money-too many wildcat schemes
which the party that came in year
ago threatened to abolish, but when
it came in the people drew in their
money to see whether its policy would
be carried into execution. Theory took
the place of practice, the wheels of in
dustry stopped, the laboring man is
walking the street begging for bread.
If Gen. Harrison's policy had been
pursued this trouble would not have
occurred, but the wheels would have
continued. He thought it a suicidal
party to attempt to make SO cents
worth of silver worth $129. Congress
might as we'll pass law making wheat
worth ST. at Chicago. The silver inter-
ests are controlled by ten men-mil-
lionaires times over. They mine sill
yer at 40 cents an ounce, and sell it at
$1.29. They are the gamers not the
poor miners. He closed by the asser-
ton that it would be case of the tail
wagging the dog if the United States