The herald., 1894-11-28
structure of the argument to those who
w,ou1d follow him He then began re.

structure of the argument to those who
would follow him. He then began re-
view Of the existing conditions. He
charged that the eastern section OF the
United States was opposed to bimetsl-
lism, not from principle, but from abso-
lutte ignorance OF the subject. Yet he
did not mean BY this to charge conscious
wickedness. The west, by reason Of
intimate association with the need of q
greater supply of money. was better in
formed, while in the east only the
banking element was acquainted with
the issue. and they. from selfish in
terests advocated gold monometallism.
Turning to the characterization act OF
1873, passed. as he asserted, by secret
fraud and which no member OF congress
had ever acknowledged having voted
for with the knowledge that it did de-.
monetize silver. he said that all the
silver men asked wns the repeal of that
law which no man acknowledged pater-
nifty for and which every man in public
life then and now declared child of
stealth.
The demand would be the same we re
there not q single ounce OF silver prod
net in America. 1t was the need OF a
circulating medium. Take for instance,
the wheat crop. The decline in the
price per bushel had been from $l.19 to
about so cents. or q net loss to the farmer
at present of $3.50, 100000 per year. On
taking the acreage value of wheat, corn,
oats, hay and cotton, the decline since
the demonstration OF silver had been
from SIS 65 to SIS Is, or 48 per cent.
Taking the bimetallic price OF 1878 as a
basis, the gain by the restoration OF sll-
YER to agriculturists would be 81 ,5OO,-
000, 900. This, in the face of the fact
that the decline of silver made q net
loss of $32, 900, 900 annually to the miner,
proved the issue wac not local to the
mining interests. Indeed, the decline
in prices was not decline OF values,
but an appreciation of the purchas-
ing power, and what more could be said
in favor Of an increase of the medium of
exchange, especially when we see count
less thousands suffering from the exist
ing state of affairs? An easy way to look
at the matter, he said, was to take, for
instance, farmers mortgage. Let it
be made when wheat was SLID; then
100 bushels would have paid $l19 of the
debt. Now it required 240, approx.
mately.
In concluding. the governor charged
that the decentralization of silver by the
increased value of o dollar effected an
impairment of the obligations OF con-
tracts.
"such," the governor said, "are some
of the facts in this case plainly stated.
The need of the hour is such an awak-
ening OF interest in this question in the
east as will cause inquiry and investiga-
ton and independence of thought. We
are one nation, our interests are identi-
cal; that which affects one section
affects all, and in this matter the con di-
tions are practically the same, east and
west north and south. The ideas stu
diously circulated in the east that this
10 western matter and one in which
the silver producing states are princi-
pslly interested. 10 utterly deceptive, as
| have endeevored to show. The far.
mer of New York or Ohio is interested
precisely as is his brother in Iowa or
Kansas. The man who owes a mortgage
in Massachusetts, feels the increasing
pressure of the obligation as strongly as
his fellow debtor of Missouri or Dakota.
The increasing number of foreclosures,
the heightened list OF sales for unpaid
taxes. the armies of underpaid and un-
employed, tell the same story every
where.
''In theory it is easy to say what the
results of demonstration must be !;
actual experience ia showing what they
are. A steady decrease in all property
values and an increased burden of fixed
charges can bring but one result. The
cry OF the suffering goes up to heaven.
The most despairing and the most
touching of their prayers are never
heard on earth, fer they come from those
who suffer in silence. The aggregate of
human misery caused by this grinding
of the upper and the neither millstone is
q thing to make angels weep. We live
in the most favored of all lands. God
has given us a goodly heritage. The
natural resources of our country should
make universal prosperity and hsppi-
ness. There is no reason for suffering
and want. Its causes are purely arti.
fetal. By the sel6shness OF men the
good gifts of Providence turn to ashes
in our hands. The food is taken from
the mouths of the weak and the de-
fsnseless.
mo judgment from on high has been
visited on this people; neither war, nor
famine, nor pestilencs has been suf-
fsred to afflict US. Yet. in the midst of
physical health, the nation is sick; in
the midst of wealth there is poverty. and
in land of plenty there is suffering
and starvation.
"God grant US all the will and the
wisdom to see the causes of these
things, and, having found them. to sp-
ply the remedy"
At the conclusion of Governor Princes
remarks and the hearty applause fol,
lowing, the congress took it's uausl
evening recess.
MORE SILVER TALK.
Immediately upon reassembling the
discussion upon the reconciliation of
silver was resumed, Col. George E,
Leighton of Salt Lake being introduced
to present the views of the conserva.
tives upon the silver question. He be-
longed, he said, to those who believed
that the free coinage OF silver at Is to
would be certain aggravation of exist
ing ills, and deprecated the use of artifi-
cial props to advance the interests OF
snything. Still silver will always have
and always should have large place in
the financial system.
CONGRESSMAN BRYAN SPEAKS.
Scarcely had Colonel Leighton con.
eluded when the audience evidenced
that it had been waiting for the next
speaker. Congressman Bryan, who wa
received with an outburst of applaue
which was not stilled for some mo.
ments.
Alter expressing his inability to cover
che subject in the brief time allotted
him. Congressman Bryan proceeded to
nuOte James O. Rlaina Secrptnrv Car.