The Portland daily press., 1896-09-05
YORK BEACH RALLY.


dress over and wear them out sgain
daughter am glad th0se time nave
gone by and are buried in uhs past. zap
plause.) ! hope to live to see the women
wearing silks everyone OF them, zap
silk. I am glad men demand more Tor
| their comfort now. / am glad TO see the
streets of our cities paved with whole.
| some granite, and the air pure and
| wholesome to breathe.
| We haven't reached the limit yet In
| this country, and we ought not to have
| a limit. How does tho market Of this
country of 1899 compare with Its market
| now? Let us have once more the market
of good Republican times, protective
tariff and employment not only for men
| of muscle but also for men of brains
| Let every body have work and the wages
| will increase and there will be no more
plause.) What would be the effect? It
would set our mills going again, it would
give us prosperous country. 1t would
give us revenue over and above the ex-
penses Of running the country. Gap
plause.) You hear great deal OF talk
about the free coinage Of silver at l6 to
II, and when this takes place they tell US
(Laughter.)
What is money! told you at Alfred
that money ia capital and some one took
me up and ssaid of course money Is
capital. Now wasn't writing treatise
on money. If man has horse and
wagon i5 Is his capital. The principal
object of horses aud capital is to carry
If You have lot of thing TO Garry from
place to place the demand will call for
capital or horses and wagons and there
| will always be enough horses and wagons
to carry your articles. In other words the
supply will always equal the demand.
Europe has sent over here lately from
70 to Is millions OF gold In advance to
pay for our cotton CROP, 1t was sent over
here because everybody refuses to lend
money in this country owing to the
oratorioal efforts of our Poplistic friends
and because the foreigners think they
| can lend money at larger rate OF In
terest than they can get for it at home
but naturally they want to get 1t back
again and just as much as they have
loaned. If only you will put Maine
and Vermont quietus on these oratorical
efforts IF our free coinage friends you'll
| fnd that inside of month you II have all
| of the gold you v ant at less rate OF inter-
est and you can have 1t as long as you
| want it, We don't want to get British
gold in the way the Hessians got II IA
1776 but We want all we can use OF 1t.
our populistic friends to the contrary
Notwithstanding.
Mr.. Reed went on to say that there
was more than one way to get gold. In
Turkey the rich man was likely to be re-
iieved of his gold by the aid of q pair OF
foroeps applied to his ieet. And yet MIR:
| Reed said we were having Turkey held
| up to sat an example of prosperity. Az
the world progressed said Mr.. Reed, the
accumulation of wealth WAS necessary,
and If man wants money he persuaded
his neighbor to lend it to him at q faiv
rate of interest. But, said Mr.. Reed,
the lender wanted to get his money
back, and get 1t all back.
Now, proceeded MIR. Reed, If I were
rich, and even the saying of it makes me
| feel better, and all Of you belonged to
the Chicago convention and came to me
and stated that you liked me, daughter
and wanted to borrow money OF me but
all the time you were going to struggle
to pay me with a 30 cont dollar do ynu
think I'd let you have itf No, you
daughter and applause.
Nine-tcnths, why mora than that,
do not even dare to soy how much, OF
the business of this county ia carried on
on a credit basis. The Pennsy lvanial rail-
road has debt of $1,000, 600 and only
81, GOO. 600 of stock and the entire. road
was bnilt on borrowed money. Now all
the men who have got money have moi
got brains, (laughter) and all the mer
with brains haven't got money. The
problem is to unite brains and money
You can't borrow money of man ever
without brains on a sound money basi,
and then pay it back on an unsounG
money basis.
Mr.. Reed went on to say the only way
to get all the money We want is to hnv'
q tariff that would give us sufficient rsve
nue. to produce confidence, so that lenders
would know they would get their money
back.
He proceeded: As said at first thil
question is not orthy Of discussion anG
and two make four. We are not SO simple
as to believe that the free coinage OF sil
yer will benefit this country. That ma,
do for the theology of the future bus II
won't do now. We don't believe what thu
gentleman from the wilds Of Nebrask'
says is going to happen. We can'
single out into a fog and have a build
Ing on which we can rest.
Mr.. Reed said the last Congress had re
peateily offered to make good the los
tine Dem ocratic blundaTs had cost the
country. The Dingley bill, said be. wa,
one any Democrat Of the days of Jeffer.
son might have voted for. 1t was bill
for revenue only. 1t was given up be
cause President Cleveland did knot us,
|
have 1t pass.
/ believe the business men of the
country were to blame, said Mr.. Reed
for not rising in a body and demanding
that the revenues of this country should
equal the expenditures. You can't carr
90 cents and spend 81 without getting
into trouble.
To improve the condition of thil
country ia very simple matter. All tn.
people affected by the crash of '93 hav,
liz Undated their debts, and are ready tx
20 ahead. Some Of those men canno
borrow money and others don't dare tt
borrow 1t. With renewed confidence they
} could get it. If we can tire out silvel
senate we will see that confidence Is re
stored.
In closing Mr.. Reed said: hav,
made you no large promises. 1t belong,
to each one of you to do your duty
Maine has duty and 20 has the country
1 believe that our country 10 too homes
to break away..from the systsm Of finance
found to be good by Ia prosperous golt
countries and take up one that II dis
hon est.
At the close of Mr.. Reeds speech h
was given a regular ovation and tn.