The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-08-08

other conditions seem to go down, because
1t takes more Of them to buy a given
quantity of goods, but that quantity will
buy no more of that enormous burden of
debt than it did before, and debt is now,
by all odds, the most essential commodity
we have to buy
Gov. Nelson is bimetallist, but, Of
course, with a European monetary con-
ference string tied to it, which is only
another name for gold worshiper of the
most devout kind, 1 am most heartily
and enthusiastically in favor of finan-
clal system adapted to our conditions
rather than one adapted to England's con-
d1tions and desires. Probably not over 5
per cent of the total business of this
country is done abroad, IS per cent is
done at home. Let us have system of
finance that will first take care of the 95
per cent. l object seriously to allowing
that little per cent foreign tail to wag
our big So per cent domestic dog. 'You
Will drive us to silver basis" I confess
mas no terrors for me. If realized it can
do no more for us than the present basis
is doing. With only about s. per capita
Of both gold and silver in the world I
deem 1T the rankest idea for nation
particularly one so rich in national wealth
as this one is, to be suffering as we are
either by devotion or fear of the precious
metals.
Regarding the amount of money in cir
culation it is only necessary to say that
about no other one thing is there
much deception, sophistry and misinfor-
nation as about money in circula tion,"
past and present. 1 know it is officially
stated that in 1857 there was but s1S per
capita in circulation, but the reports ig-
more the one and two year treasury notes,
one year certificates, 7-30 three year notes,
etc, that were in circulation in 1865, IS,
81 and in ever
LESSENING QUANTITIES
al Of
Indebtedness, used as crcula ting medium,
brought it up to $47.42 per capita in 1865,
and $50.76 in 1866. The present volume of
currency" may be s24.54, quoted, but that
it is not circulating medium" is too self
evident to require proof. One may die with
thirst with floods of pure water near him
If he has not access to it.
The governor thinks the trouble in this
country is only 16 months old. l think
the present storm has been 80 years gather
ing, and would have burst ''about these
days" regardless of party in power. The
years named have been the theater of
carnival of class legislation, special privi-
lege granting, legislatng wealth into the
pockets of men, and capitalistic combining
to absorb the earnings of productive in
dustry. This carnival has resulted in
wealth Capitalization that if not soon
stopped will destroy the republic. Wealth
Capitalization is the cause of the stagna-
ton, the idleness, the suffering. the shrink
ing values, the closed factories, of every
commercial and industrial ill that
scourges us. Wealth Capitalization is the
fruit of systems and practices that the
Populists would destroy.
The Republicans say that nothing is
wrong, the Populists contend that many
things radically wrong.
Here the issue is joined, and upon it the
coming political contest is to be fought.
Not against capital, not against classes,
not against men, but against systems that
are opposed to Democratic principle of gov
eminent, that are unAmerican and OBJ
noXiOus to every citizen with sufficient
intelligence to appreciate and sufficient
patriotism to maintain the principles and
aspirations of the founders of this gov
eminent.
The Populsts wants to see this gov
eminent by the man, of the man and for
the man, instead Of by, of and for the dol
lar!