The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1895-05-17

ties to fulfill the mandate OF the Creator
to eat bread by the sweat of his brow,
that man should stand for gold mono
that man who after toiling
has reaped greater reward, that man
whose capital has been more remunera-
tive, whose business investments have
yielded larger returns, should stand by
gold nonometallism. There are q few
who have been blessed by it. They
should stand By it loyalty and faithfully,
but if there be those as we know, who
despite their toll, their efforts and their
struggles, have been bankrupted and
beggared, have seen their capital shrink |
ing, their possession of fuEds passing |
from out of their own hands into those
of others; those who are related to the
5000 suicides that two years of gold
recommendation has given the nation,
those who have seen the misery, want
and crime incidentally following upon
it, it seems to me, it is their duty to
consider fairly and truly the question OF
WnCtucI ZIG tituS iins uos SohS ~ sihe
our partisanship and exslt our patriot
lam.
The speaker showed how il there was
a given amount Of money in the world
and one hall was destroyed values must
shrink. He said the farmer had more
interest in the subject than the mine
owner. An ounce OF silver bullion has
been the measure Of value of bushel Of
wheat for twenty years. up TO lS47,
after we had demonetized silver, India
had never exported wheat She could
not compete with the American wheat
grower. She is on the silver basis, and
with silver at 129 cents, or even iS2 cents
an ounce, che could not be a competitor
OF the United States in wheat produc-
ton. But when India could buv she
ounce OF silver at less than its value,
then that was so such bounty to the
grower of wheat in India, in the Argen.
tine or in Russia. The ounce Of silver
eqdals about two and q half rupees oil
Indian money. The bushel Of whest in
India has never changed its price from
1874 down to the present moment. The
price Of the bushel OF Indian wheat to-
day was its price in 1874. The ounce OF
bullion silver lays bushel of wheat
down in Liverpool. That wheat is as
surely measured By the ounce when it
is worth 60 cents as it was xhen it was
worth 129 The Indian producer re-
ceives today an export bounty OF 100 per
cent on every bushel OF wheat he pro-
duees. His competitor in Russia or in
London sold his bushel OF wheat al 80
cents. He got the gold price fer it, but
his so cents in gold was conEeriabl. into
100 cents in silver in the money of his
osn land. He received dollar OF debt
paying power and purchasing power
with his bushei of wheat, and the Amer
ican farmer. attempting to compete with
his wheat, hasa deb;-paying power OF
just one-haf
In dealing with other countries he
showed the effect free coinage of silver
would have We cannot ship them our
raw products or our manufactures, but
We shall say to those people: Here we
are on tie silver basis NOS, the same
money you are on; you take our goods
and We will take your money. What is
the effect? Why, they say We will be
avalanehed; deluged with this food o.
fallen silver pouring in on Us. We will
not get cent until We have wiped out
this unfavorable balance OF trade
amounting to s2l2 ,OO0, 900 but until the
American shops and the working man
have produced $sl2, ,O0O, 900, we will
never get dollar. We will merely be
able to keep at home that which VT
send to them in payment of an adverse
balance of trade. II they want to i'm
port from either Us or Great Britain,
they must go to their banker and pay
100 cents premium in order to purchase
gold exchange. We will say, Here il
the advantage. Come to the United
States and We viii take your money.
i Within two years We will have the It'd.
turned to the Uaited States in such di.
rection that Germany and Great Britain
and the 250. 600, 600 OF the people of the
countries On the gold basis would come
to Us as suppliants for bimetallic con-
ference.
He said we would never solve the ques
tion by international agreement. As tc
the charge that the hard times were due
to the tariff he said:
j Two ofthe greatest panics that thi'
country hss had have been under the
tEo lowest tariffs, and the others havs
been under The highest tariffs. The
panic of 1887 was under the Clay tariff
of % per cent, the lowest tariff that the
United States has ever had The panic
OF 1857 was under the Walker tariff OF 2;
per cent. The panic OF 1873 was under
the Morrill, tariff OF 48 per cent. and ,he
panic OF 1898 was under the Mckinley
tariff OF SIS per cent. Do you think it il
the tariff? NO. You cannot tax any
man into prosperity. We must have
tariff for revenue only and if j: afford.
incidental protection go much tie bet
ter.
We must have sound money; homes,
money. Any money is honest money
which will give to it's loaner as mach ol
the products Of industry when .l,e pay.
ment is to be made. as it gave at The
time that the loan was made. There il
nothing that grows like interest.
In the settlement OF tLis fight We ar,
not afraid OF the gold bugs, as they art
termed. The people Of the United State,
are awake. Michigan is stronger silver
State today than Colorado. Indiana and
Illinois are becoming aroused. The
farmer of the East and the artisan un.
derstands this question.
He said we would win the fight ir
1896. This is the peoples canse aad tina,
is where we have to come to win it. W.
cannot win the fight within party lines
There are Republicans in the East wi q
believe In gold monornetalism land there
. are Democrats in the East who hell, V,
in the same there are Populists / be-
lieye, who nniyoreaj'r hp'ify IN Iser
- 4 ..Fl. 4 IA IA