The Monticellonian., 1895-10-18

emphaticaily the difference between the i systems of expansion and contraction.
 But l am asked if 1 desire imitation of | the currency without limit and trredeema- bic pSper circulation Of course not l am bimettalltst, in favor of gold and siI- ! yer as money of redemption and of suffi- cient volume of gold, silver and paper pay able in these metals to relieve the Coun- try from it's present financial condition and congestiVe chill, which has filled the city banks with money and left the bal ance of the country without sufficient cir culation.
 The bankers are clamoring against the remonetZattOu Of silver because it would make money abundant and diminish their power. They are like the selfish farmer who prayed that he might raise an enor- nous crop and that his neighbors might raise nothing, so as to enhance the price of his products. 1 am in favor of free coinage of silver because it will increase the volume of money, put new blood in the stagnant veins of trade and bring light and joy to darkened homes. l am In favor of 1t because it will break the tyranny of the money lender, loosen the bonds of the debtor and bring back hope to the desper- ate. It will give prosperity To our whole land. No civilized people have ever been or can be prosperous with an increasing population and a decreasing volume Of money. Money is the life blood of elvlIiza- tion.
 Respects to Cleveland.
 NO one regrets more than ItESeI the division now existing in the Democratic party upon the question of silver coinage. and no one has lahored mCEe earnestly to avert the conditions that now exist. l have always advocated the free and un- limited coinage of silver at the ratio Of 16 to 1. but l supported Mir. Cleveland for nomination and election in 1892 notWtth- standing his views on the silver question. because l believed he had been martyr for the cause of tariff reform and l thought that in order to preserve the or ganization and efficiency of our party he would meet In a spirit of compromise, those who favored the coinage of silver. Besides this l had no doubt. after his acceptance of the nomination upon ptdt- form which declared fnf the coinage Of both gold and silver, without discrmina- ton against either metal, that he would do all In his power to bring about that result.
 Although I favored free coinage at the ratio of l6 to l, l went to Mr Bland, at Mir. GievefaHd's request, 10 ascertain if he tBland) would agree to the re-enactment of the Bland-Allis0n law as compromise of conflicting opinions but when re- turned fO the president With BIaHdsS re- luctant consent l found, to my surprise that the executive mind had concluded that no compromise was possible and that the coinage of silver under existing condi- tions was dishonest.
 Tn the subsequent conflict over the Sher- man act 1 reported from the senate finance committee with the approval of democratic colleagues. d Dill IfBA4I- ing fer the free and unlimited coinage oi silver at the ratio of 20 to 1, and this was done to test the sincerity of those who declared that they would support free coinage if more silver should be put into the silver dollar.
 Apprehensive that this bill might pass, and determined that silver should not be coined, even if made of equal intrinsic value of gold, MT, Carlisle addressed letter to Senator Voorhees, chairman ef the finance committee, giving elaborate statistics to show the common expense of any change tn the ratio, and protesting against the measure. We offered eyers possible compromise to the admniStra- iidn, but in vain. Their friends in con gress voted down free coinage at any ra- tio. and then the proposition to re-enaet the Bland-Allison act of 1878.
 The president refused To give his assent Co even the limited coinage of silver, and so We stand to-day confronted with the alternative of the single gold standard or abtect surrender For one, l shall not sur render if left alone on the field. nor VIII I be driven out Of the democratic party, to which l have belonged all my lie, and In whose faith l shall de. l believed Tn 1G to l then, and l believe in it now, and shall go down fighting for that ratio.
 As to Driving Out Gold.
 But we are told that gold will leave the United States. We were told the same in ISIS If We had free and unlimited coin age. We were told the Band-Aliison bill would be knocked out. and gold would never return to our shores. We passed that measure What was the resulti will not weary you by reading figures. but from 1878, when We passed the Blaud- Allison law, to iS9l when it was repealed, the gold in the United States treasury in creased from Sl44.00e4 4e0 to S41,001eO, not withstanding the prediction of Mir Sher- man and the single gold standard adVO- cates In round numbers, $209 0de 600 came to the treasury of the United States after the demand for unlimited free coinage. and yet We are told now that gold will leave this country if adopt free coin age Why will 1t leave here? Where will 1t go? Will 1t go to Europe. where they have all the gold they want?
 1 Why take il there, away from the United | States? Why should 1t go to a premium l above silver where silver will buy as much | and pay as many debts as gold2 Can any ! man tell me why the capitalists, who gre i hoardng gold to-day, would put 1t at a l premium, and where would there be profit | to them If they did? This country to-day | Is suffering from a financial CongestiVe chill. The blood has all gone to the head and heart but not to the body. The banks are full of money. What would be thought of the physician who was called in to at tend a man with that deadly malajy a | eongestiVe chill, who should put lee wat ter to the eXtremities, and make the head hot | ter and increase the action of the heart i Why, he would be butchered as a qaaek and a charlatan The country Is suffering | from congestion, and money is worth now in New York l per cent, but 1t cannot be borrowed. except upon New York real estate or personal security
 l know, personally, that Is the ease in l this State, where the people transact their business on a contracted currency. Why | Is this so in great country like this | Where is the s25.0l per capita? Why Is 1 1t that where there is plenty of money the 1 country Is richer2
 Yes. my friends, Turkey was richer for a hundred years of despotsm and out | rage It is richer to-day after long ages of tyranny and oppression and despotism l But where Is the money2 Is 1t in circula- ton among the people? It Is hoarded by the government: It Is in the hands of the 1 bankers and the capitalist. There IS fl eongestive chill upon us and we are tempt | ed to break 1t or let 1t kill the patient | (Applausel Does anybody pretend to say | 1t wouldn't be better for gold To leave | this COuatTy2
 Silver comes to the rescue of the people in case of q panic, when the miserable gold hides itself. In such times 1t does their business instead of gold
 On the Bond Issue.
 Why is gold hid in vaults in banks? Ii is the attempt of a few men to be in part nership with the government; 10 cnrcf themselves at the expense and toll of the people. (Applause.) It was Thomas Jef ferson who said that the burdens of CO partnership should be equally distributed No mercantile partnership, no men or sci of men, who seek partnership with the United States, whether company or a ! manufacturer farmer a mechanic a banker. should be allowed to do SO This | government belongs to all the people, and 1t should be run for all the people, and uo plan or scheme that permits f To fall tutc | the hands of any man or set Of men can be 1 allowed, because any partnership with the government is contrary to the principles 1 of free government and to the teachings of