The Louisiana populist., 1895-10-25

"
not for foreigners invade any and all
sovereign rights, If they have the au-
thority to invade single one?
The fourth and fifth arguments |
will answer together: Our credit
abroad does not depend upon the char
acter OF our money, but upon our re-
sources, our ability to preserve our
national existence, our capability to
respond to tax levies. We need a
money that will stay at home. IL
cowardly gold, potential gold. cannot
stand home competitor with other
money material, let her fee. Gold
never rescued from peril a nation;
gold never performed a charity, a re-
form. or instigated u revolution; gold
never founded government, stood
behind a cannon or musket or pene-
trated a wilderness; it is venal. selfish,
unpatriotic. Let gold 60. we will
have better men, better women. bet
ter government.
My answer to the sixth objection is
Ninety-tive per cent of our trade re-
lations are domestic, D per cent only
| is foreign. Why should the lesser
control the greater? Why should 5
per cent of foreign trade dominate 95
per cent of home trade? Why should
we adapt ourselves TO per cent OF
trade and sacrifice our home citizen
ship? Why let tho non-producing,
dependent and consuming countries
of the world price our products, our
industries? Why not assert our right
to clothe and feed the world, and
price it ourselves? To do otherwise
is to surrender manhood to money.
virtue aud industry to autocratic
wealth, intelligence and muscle
to the accident of birth and fareign
caste. Goldbugism, has no place
with free men; it is the apparation of
political death, of personal slavery.
Don't be alarmed by the cry OF repu-
diation; no living nation ever repudi-
ted honest debt. 1t is the bankrupt,
;ne conquered, the dead that don't
pay. Don't be frightened by the cry
OF dishonest dollar. 1t is the trade
mark of a Shylock, the patent right
OF hireling. the ensign of tory, the
echo OF a tombstone. the courage of
traveller, the malediction of the van
quished.
The party / represent stands for an
honest dollar. We want no token
money. We want every dollar to be
a dollar by its own inherent force con-
ferred on it by law. We want no pet
dollars, to be styled redemption dol
lars; We want the same dollar for the
wage Garner, the banker, the bond
holder.
1t is the universal experience of the
world that abundant money makes
high prices. scarce money low prices.
L can understand why the owner OF
a gold mine should want all standard
money made from his material, be-
cause it quadruples the value of his
bullion. / can understand why the
owner Of bond which may be dis
charged with money made from a va
riety of materials should want to
change the terms of his bond and
make it payable in money of one ma
terial only, and that the very scare
est, because the value of his bond is
thereby enhanced many fold. 1 can
understand why the selfish owner of
many millions OF money should want
to destroy all money except his own.
because the purchasing power of
his dollar is thereby appreciat-
ed beyond computation. But
l can not understand why the
man who owns no gold mine. no
bonds. no money, whose only capital
is industry, whose happiness is en-
ployment at remunerative wages,
whose success is an adequate value of
his products and his property, why
such a man should favor gold mono
metallism, favor a contraction of debt
paying money, should question the
power of his government to provide
an abundance of money, should favor
a policy which relegates to banks the
privilege and power to supply this
quantum of money, is to me an enig-
ma, a parodox. Our entire indebted
ness, national, state, county, muni-
cipal, corporate and otherwise, is es-
timated at from $50. 1000, 600, 900 to
$40, 900, 100000. / therefore affirm
that there is not money enough of all
kinds in the United States to pay the
interest on the this sum for one year.
Again. it is estimated that the an
nual industrial products of this ma
ton are approximately of the value
of $11, 900, 900, 900. There is less than
81, 900, 900. 900 in circulation in the
United States. For every $11 worth |
OF cotton, $l1 worth of wheat, 81 |
worth OF labor. there is 81 in money
to pay for it. Can 81 of money be
just to $11 Of labor? AS the volume
of money has been contracted the
value OF property has declined. When
silver was worth $l.S5 per ounce cot
ton was worth 25 cents per pound.
When silver was worth 81 per ounce |
cotton was worth IL cents pee pound.
When silver was worth 80 cents per