The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1894-06-01


lave done II years ago But ii ii NOT
roc too late II done Id once, and the ac.
ton will place IL IL the head II the
notions Of the world and make u the
leaders In finance. manufacturers ana
commerce. They have never learned ID
use gold very much, and prefer the iii
yer with which they are familiar. They
resemble the boy In the heart of
Midlothian, who pushes away the lady,s
guineas with contempt.uand insists On
having the white money, We now 4
them In gold.
II we should amend this bill 30 as to
provide Tor nm agreement with silver
using nations Tor the free coinage Of Ill.
yer we should at once raise the price Of
the white metal to si.3O per Dance, and
simultaneously the price Of our wheat
to 81 per bushel and our cotton to 10
cents per pound. 1t would then take
less OF the products or our toll to pay the
interest IN the money we owe England,
for, with the rise in the price Of silver,
the geld price OF everything VIII rise as
q result OF the large volume OF metallic
currency.
do not want the gold-using nations
10 join in this agreement; I want the
entire advantage which will accrue from
Q leadership. / want q common coin
legal tender in ell nations who join us In
. bimetallic agreement, 90 that, with it,
We q pay for our sugar, tea, coffee,
spices and india rubber, and ut the same
time furnish . market for our fonr, cot
ton goods, bacon and silver, aud thus
establish in this country q clearing
house for most OF the world.
Mr., President. commerce is a tax on
industry. The act OF producing wealth
has already been finished when COM
merce begins. A nation should there
fore trade only with nations so situated
as to soil and climate that their
products are different, and are naturally
necessary to the comfort and happiness.
The United States should therefore
trade chiefly, not with Europe, but with
the countries of the tropics, and our in
dustries should be so adjusted that d
surplus would pay for those things we
can not produce; and this would be our
condition to-day if we produced every
thing to which our soil and climate are
adapted. We should insist that the
man who produces things we can pro-
duce shall live here il be wauts us 10
buy them; shall help support our gov
ernment; shall be a taxpayer and a de-
fender Of our institutions; we should
have the art and the artisan as well a.
the article, and thus be able to repro
duce it. In this way by varied indus
try alone, q we bring out all that Is In
our people, every trait Of character,
every variety OF talent, and can produce
an unmatched q OF men and an IN
paralleled civilization. The United
States is endowed by nature with the
greatest natural OF any equal
area Of the earthis surface. We have
the most. intelligent, free, vigorous and
active people; our wealth and prosper
ity depend upon the amount we draw
from natures inexhaustible storehouse,
and that aggregate depends upon the
industry, frugality and sobriety or the
living generation.
Little is left owe from one age TO an
other; the nearer we can bring consumer
and producer together, the smaller the
friction and the less the wear and tear
and the expense OF energy in making
the exchange, and the greater the
amour of production. IL makes no diff
ference what price Wa pay each other
Tor our PRODUCTS; il our laws are just
there will be a equal and fair distribu-
ton OF wealth, and. as q result. univer-
sal happiness. The theory OF free trade
10 beautiful, and if all the people on
earth bad an equal chance, were all
equally intelligent, moral and industri-
GUS, and lived together under the same
just laws, free trade might be uniyer-
sally enacted with profit TO all.
But these conditions do moi exist.
Therefore, il We exact free trade our
great natural resources and our accumu-
lated wealth would be dissipated
throughout the earth, resulting In D
slight rise in the scale OF living and civ
ilizatio OF our own people. An old IL
lustration is apt. IL yen connect two
ponds Of water, one large and at q low
level, the other small and at d high level,
they will both reach the same level, the
large d = si..ga little and the small
one falling very much. So it would be
with us were we to adopt free trade; for
from 1t results the corollary that our
people would DO compelled to do what.
ever they can do, and grow whatever
they can produce, in competition with
all the rest oil the world. What canw we
AAA---&m-1t..