Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1896-08-29

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Just three years ago today, lacking tw
days, while | was consorting with ~oot
democrats-and / hope to consort Wit!
! the like in this campaign-I took pcca
sion, in the presence of 5000 men, Wo
men and children to declare that Tx
! repeal Of the Sherman law was only
/ enc step in the downward march. Since
! then many bad things have happened
Flunsing us deeper and deeper in tnt
mire In that Very discourse l told IL,
democrats that l did not expect The
I democratic party to De utterly bad
/ but l had not at that time the slightest
I. idea what the Chicago convention
! would do or say in 1896
Since that speech in 1898 we nave
had a severe lesson. When the tariff
act, proposed by Mr.. Bryan and his as
sCciates, was presented in the house
il was certainly a great shock to this
! business interests in this country. The
change was radical. and men like MI
Bryan We're carried away with the POS
sibilteS of their own eloquence. There
seemed no possibility to the limit of the
evil. Now. I do not propose TO charge
the democrats with that bill The che
they finally passed was vastly differ
ent one, But the mischief had Naen
done. The shock had stopped business
The Revenue Deficiency.
Then came the income tax, uncea-
stitutional and destructive. declared SO
by the supreme court, and then the at
tendant deficiency. That deficiency mas
been a breeding sore ever since; tha1
deficiency has scared and frishtened
Our people beyond all reason. What
are $500, ,000, 900 increase of debt to a ma
tion so rich that one of its big rail
roads on half its lines, can lose twice
as much as would have paid the whole
revenue of good Queen Bess in the days
of her highest glory, and never pass a
coupon or refuse a dividend. Why has
this $400 900 600 frightened us so? :e-
cause the government has refused to
either raise the revenue or separate The
deficit from the redemption of grnnn-
backs
Had the house revenue bill of the
last session passed congress and be-
&C me q law, the country, with full nope
in d republican administration in the
near future would then have started
upward and onward. But the condition
has been peculiar We have a three
coTnered triangular government. tN
erybody has been in the minority, and
hence nobody has had any responsible
itE. and we have drifted sailess and
ruddelless. but, thank God, With q
stout ship, stouter than all the win Is
that blow. When next YOU put That
ship in commission, had YOU not better
haze harmonious captain and crew,
ali Of them men who have been to sea
know that the four gentlemen
Messrs. Bryan and Watson and Bryan
and SeWall-have been at sea for many
years: but that is a different thing.
How to Restore Confidence,
We must restore confidence. How
can We restore confidence? First by
putting anarchy down and all naanner
of disturbance. Peace and a stable
government are the first necessities.
This is a borrowing and a lending
world No amount of denunciation of
money lenders, no wild talk about Wall
street which by the way is the great
est money borrower in the world VIII
ever put down that fact. Enterprises
are carried gu by the united confidence
ot men and money, and men of brains.
Bring this thing home to yourselves,
ana then YOU will understand it. If
YOU had money. or any other capital
YOU had earned YOURSELF or your father
had left to YOU. or even if you had TOn
in the luck of lottery, would you let it
out to anybody On earth who was liable
= oiIs. "a, IA of Il
want to call it square? If YOU Were a
business man, would you make things
Oh a gold basis. and sell them on credit
to a people who We're trying To sac if
they could not pay YOU on a gold basis?
with the defeat of the Bryan-Wat-
Sou-SeWall combination will come the
certainty of the repayment of capital
borrowed at home and abroad, the car-
tainty that business enterprises Will
have a firm founda tiou, and 1897. with
its attendant years Of success. will lift
US to another height of success, where
perhaps. another set of misguided cit
liens, forgetful of the past, will Way
lay us and we shall have to beat them
back again.
Defining the Present Contest.
Remember that this contest today
is not between bimetallsm and mono
metallism That subject would bear
discussion. This contest is between sill
Yer monomet tallism, which We have not,
and gold mOnOmetallism. which we
have That subject will not bear cam
did discussion This contest, also, is
not between the east and the west.
IN,
terests are identical. With their growth
comes our growth. We can not go on
alone. We have sent our children
there. our money is there. No misfor-
tune can happen to them that does
not happen to us.
We here have great esteem for the
pioneers OF the west and rejoice in
their prosperity. Every wise man
agrees that. beyond the Mississippi. lies
the great wealth of the days to come.
In the development Of this wealth we
are all interested and we, in the east.
are not the unwise men to believe that
we are not concerned in the progress
and future of the west. Unfounded
sectional differences ara without eX-
cllSe, and it will be woe to those who
IfN to f0nlent theln. the west is 700
vigorous not to find out the truth, and
it is too valiant not to follow it when
found.
Needs OF the West.
,'All the west needs is loanable capl-
tai. which will develop its own re-
sources. No part Of this Union is so
concerned in restoring confidence as
the undeveloped territory. The south,
too, has a similar interest. but they are
toe busy down there just now asserting
their rights and keeping down the ne
gro If they could be persuaded to
look after their own interests what
q happy country this might be.
In conclusion Mr.. Reed said: "Ihese
financial matters are governed by nat
ural laws. and take their course like
the rolling of the round earth or the
glitter of the stars. Suppose a man
We're created full grown, and set upon
a solitary earth facing the dawn. As
the panorama of sunrise. the march
Gf the fOIIut tain of light across the sky,