The San Francisco call., 1896-07-30
Rosy. Promises Of Four Years
Ago That Remain I'm
realized
GOLD THE WORLDS STANDARD
Protection and a Sufficient Revenue
Will Restore Gooi Times
and High Wages.

ALFRED, Me, July 29-The Repub-
licaQ convention was held here this after
noon 10 nominate county officers. The
occasion was made unusually interesting
by the fact that the County Committee
secured the presence of Hon. Thomas B.
Reed and Curtis Guild Jr. OF Boston, and
the convention ended in a great ratitica-
otion meeting. Messrs. Reed and Guild
addressed gathering of several thousand
people, who came from ali quarters to
hear the first public utterances of Mr..
Reed since the National convention. The
speakers were greeted with great en-
thusiasm. Mr.. Reed spoke as follows:
Two months ago no man of any standing
you'd have risked his reputation as prophet
by limiting the slightest doubt of Repu bllcan
success. Now there are those who tell US that
all things have changed. This may be so, but 10
me 1t does not seem probable. 1t would be un-
wise, sunjust and senseless TO confound the
Democratic organization wi th individual Dem
ocrsfs. When Stephen A. Douglas declared,
sfler Sumter was fired on, that ''thenceforth
. there could be but two parties, patriots and
traitors" he won the respect even of foes, and
AN imperishsble place in history. We shall
certainly welcome all such men to-day, not
that they are 10 be Republ leans, for they will
not be, but because they are patriots, for that
they must be.
There are some political orators who think
ii they draw rose color in the picture ii ought
10 convert a continent, What rosy picture
we had painted for US in 1892. What millions
eve were TO expect We were TO sell in the dear
esq and buy in the cheapest market. We took
their word for it and here we are. Now, the
least credible part of these same gentlemen
are smearing the canvas with another picture,
for which they want US TO pay another four
years, or perhaps ten, of this Nations life.
Men deceived once are human: men deceived
twice blythe same men are fools. am bound
10 say that the evil which has come 10 ps by
an unwise revision of the tariff has been
greatly aggravated by one of its consequences
Our loss of revenue. The constant increase of
the deficit continually confounded with the
Q redemption OF goldl has so afflicted the imag-
instions of the people that confidence cannot
commence TO be res tored until our revenues
equal our expenses.
Let US see what is proposed by these gentle
men who within the last two months have dis
covered new cure for al the ills that flesh is
neir to. Theis remedy is the coming OF silver
at 16 10 / What does that mean? Heretofore
whenever gold and silver have stood together
it has been ct the market value When we
tried to make gold and silver circulate to-
gether we have always married them accord.
ing TO their market value. To-day we find
them, not 10 to 1, but 81 TO 1, and we are 60
ing, they say, TO lift silver TO twice its value
not by the universal seEse of mankind, which
oalone makes values, but by the statute OF the
United States, single.handed against the civil
lied world. Why should the United States try
TO do this alone? If the characterization of sill
yer is disease at all, it is a world disease
Hew can it be reached except by world rem.
edyP
international bimetallism can understand
but this driving out of gold and substitution Of
silver is only silver monometallism for the
United States 1t is shifting from gold cur
rency and civilized Europe and going over tC
silver and Mexico, Japan, India and China.
II we are going TO have a dollar inferior tc
what we have to-day, what viii be the effect o.
il? Higher prices they say. Not for every
thing. If you have 500 in the savings banL
to-day you can get 100 gold dollars from tbs
. bank. If this wild project succeeds ana you
ere paid in silver you will get the 500, bu
they will be fifty or sixty or seventy cent dol
lars. If you have a pension. that must bt
scaled down. Ii you have bond, that goes
down, too. WHAT you buy will go up. vii
wages go up too? Wages during greenbacl
times, measured in gold, did not go up as othei
things did. They went part way. but not al
the way up, and were very slow about that
What this country needs is capital from
abroad. In the United States are millions. o
square miles and 100000 of people and un
developed'riehes without stint But there i
not capital enough to keep rs, 900 900 of peo
pie at work. We are most prosperous wher
the 75, 600 900 are all at work, and when tha
happens We borrow of the rest of the work
thousands of millions of dollars. Now Just q
soon as this election is over, and the future DO
Osition of the United States is assured, both a
10 money and to the unemployed OF our peo
pie, capital is ready to come to us from abroac
and from our own people, and we shall agaiI
be prosperous.
We have been through all this once before
The Greenbackers of 1873 were not bad men
They were sincere and had better case thar
the silver men of to-day. We must have artifi
cisl imitation and cheaper money they said, o.
blacklist ruin awaited US. Prices were low ant
work was scarce. Taxes were high and debt
hard to pay, but we persevered and resumed
specie payments. From that moment the cap
itaI of the world WAS at our disposal: We ha.
good tariff, which made Us do all our owl
work, and from 1879 to 1898, fourteen years o
prosperity, which placed the United States il
great position in the world. II we do tn,
like thing to-day like things Will follow Will
revenues equal 10 our emergencies undue ex
port of gold viii cease. With the certaint,
that the dollar paid will be equal to the dolla
loaned will come credit and confidence. Witt
that other certainty that we are to do all on
own work will come the earning of wages, in
creasing steadily, which is the basis OF tina
prosperity which Is alone worthy of this grsa
Nation, the prosperity OF the whole people.