The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1894-08-03

which would go up in price. 1t is
the Capitalization of wealth that pre-
vents all this. 1t is the business men
who should have first discovered this
iniquity, and that every dollar paid to
an Ubiquitous protective tariff is a
dollar out of their pockets. (The eX-
pected applause did not Gomez The
people do not seem to realize this.
(Applause.) The pinch of poverty is
more eloquent than speeches, and the
light of knowledge is spreading. The
dawn of better times is in sight. ZAP
plause.l The Republican party is to
blame that the country is sick. ZAP
plause by, Democrats There has
been no change of administration, in
sympathy or anything else except in
the name Of the president. Cleveland
wears a Democratic dog collar, and
the preceding president wore a Re-
publican one. The Democrats were
given their coveted power, and they
say that protection is not half so bad
as they thought, and they would
dilute it little and continue it, ZAP
plause by Republicans Put the Re-
publican and Democratic parties to-
gether, hear them grunt, and you
cannot tell them apart.
Billions Of dollars have been legis-
latedsinto the pockets of people dur
ing the past 25 or 30years, and yet
they tell us that Populists cannot
vote money into the pockets of people,
that it is class legislation. Assessing
is a process of Capitalization of
wealth. There is not an assessor who
cannot see the smallest pig in Blue
Earth county, nor one who can see
the largest diamond in the city. The
manipulation of the public debt is an
other process. The circulating med
ium debt in 1865 was blessing and
was needed to help us to restore the
waste of the war. Interest bearing
bonds were issued to make money
worth more than it was then, in the
interest of money-bags who now own
one-half of the wealth of the country.
| have heard Senator VOORHEES, pour
hot invective into the national bank
ing system, while he shook with in
dignation. Yet,last summer the first
thing he did was to introduce bill
to allow banks to issue bonds up to
100 per cent. instead of 80 per cent. of
their capital stock. Which do you
Democrats follow, Mr.. Voorhees, talk
of twenty years ago, or his action of
last summer?
The speaker pitched into the
decentralization of silver, calling it the
browning infamy of the age. Measured
by the debt paying value of wheat to-
day as compared with that of 1865, the
public debt is twice now what it was
then. Gold is going up, not the value
of farm products lessening, which are
of the same value as measured by
the labor and anxiety required to
produce them. 1t is very problemat-
ical whether we can ever pay the
debts OF this country. The debts, ma
tional, state and municipal, are over
$500 per capita. They tell us if we re-
monatize silver there will be flood of
silver in this country. | don't believe
this, because no country has enough
silver to spare to flood this country. /
am getting sick and tired of our de-
pendence upon England for our none
tary system. Oh! for little more of
the spirit of '76! Throw off the des-
potism of England and let us make
our own monetary system. Don't let
the tail wag the dog any more. This
financial system is driving us to de-
struction faster than anything else.
This country no more needs to suffer
from financial panic than it needs
--<aA