The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-08-28

it is more difficult now to get servant
girls than It was before the supply Of
women seeking such situations being
short.
ut means this, the proposition he has
touched on, that we are forcing into the
stores of this and other cities, young wo-
men who must work for 10 hours day,
scrambling for life. whose anxieties and
heart-burningS are despair to them and
are crushing out the hopes of womanhood
and the aspirations of these women who
should be making such mothers as our
mothers were. dong-continued APP
plause) That is the only relevancy that
his servant girl proposition has in this
debate.
''He refers to farm hands. I read q
few weeks ago in a newspaper of a con-
vention in Mississippi where they had re-
duced the wages of farm hands to Sc a
month. know in 1873 it was $13 month";
That is the way, Mr.. Horn, you have been
cutting in two the dollar for the people.
EFFECT OF SILVER COMPETITION.
Now I want you to connect what was
saying when I sat down the last time
with what l am about to say. Wheat or
corn in existence has it's price affected by
the new crcr coming on before it is har-
vested. And thus gold will be affected
when it is known that a crop of silver
is coming on that is to compete with it
in the markets as money. When man
tells you that security holders will throw
their bonds on the market and break
down the price in scramble for gold, an
swer that security holders are not such
FOOLS
men are supposed to act naturally I'M
der all circumstances. AS gold depre-
Gates as we have seen it will, prices adj
vance. Colds decline means advancing
prices and men do not rush to sell securi-
ties on an advancing market. When
prices are advancing people buy. When
man tells you that when he knows that
free coinage is to come he is going to in
vest his money in gold, tell him to invest
it in silver, tell him to invest it in corn,
wheat, cotton or anything except gold.
Applause) Gold is the only thing that
will decline, and everything else will fol-
low silver. Turn back to page lat the
price table and see how they all followed
silver down. They will all follow silver
up. But they will say gold will go out of
circulation Suppose it does. When you
want it you buy it, buy it with your prop
erty, exchange your property for 1t. You
would but do the same then! (Applause.)
81 now pass to the question Of is to l.
We maintain that there will be a COM
mercial parity between gold and silver at
the ratio of 16 to 1 if the law is passed
putting both metals on an equal footing
at that ratio. What we mean by an equal
footing is that both shall have the right
to enter the minis free to be coined into
money with 1922 grains of pure gold to
be dollar and BIN grains Of pure sill
yer to be a dollar. The money made
from both metals is to be full legal-ten-
der money in the payment. of all debts,
and the debtor to have the right to pay
in either metal. No notes, bonds or other
forms Of Indebtedness to be made pay
able in either metal to the exclusion Of
the other. All Indebtedness to be paya-
iy, 10 yf111 md oft
silver to discharge such indebtedness.
"The two metals will then be in compe-
tition with each other to supply the de-
mand for money. The supply is limited
and the demand is substantially unlimit-
ed. What we mean by the demand be-
ing unlimited is this: When man owns
either metal and it is a surplus over and
above what is needed in the arts he con-
verts it into money at the minis and puts
1t himself into circulation; that the bust
ness interests Of the country demand and
will absorb all the gold and silver that
can possibly seek the minis for coinage;
that if all the gold and silver in the
world Ca thing impossible) were in the
United States we would be the more pros
porous by having it (applause); that if
all the silver in the world available for
moneys, 931 100, 000-were in the United
States, performing the functions of pri-
mary money, it would be our gain and a
loss to the rest of the world. When mo-
ey is dear money is boarded. When me
ey is plenty it goes more readily into C
culation and seeks investment. WIZ
laws encourage the boarding of money
they are laws injurious to society. Money
can be boarded and at the same time
there can be a great demand for money.
That is the case today. When money ap-
preciates faster by lying in bank vaults
than by investing it, 1t will not seek in
vestment except on stock or bond invest
ments for a sudden rise in the market,
and for similarly quick transactions 1t
will not seek legitimate investment That
is the case now.
ITO say that there is plenty of money
at a time like this, when there are no
profits in general business and tens Of
thousands are seeking work and cannot
get it, all wanting money and cannot get
1T, and manufactures working halftime
is to admit there is something wrong. I
call the attention of the reader to- the
fact that MIR. Horn. advocating the gold
standard in this debate, offers no remedy
He is satisfied with the present condi-
tiOns. His whole argument is that no
remedy is needed. He says there is
enough money, but admits that business
will not absorb it. but does not tell us
why it does not absorb it. We thus see
If l am right, that a plentiful supply of
money would of itself cause money to
seek investment and flow readily into cir
culation. This would make business 1t
is not life that makes blood; it is blood
that makes life. 1t is money in circula-
ton that makes business.
CONTINUED NEXT WEEK