Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-08-12
4 GREAT SPEECH
Delivered by Hon. Thomas B.
Reed of Maine.
TIE EVILS OF CHEAP MONEY

Eloquent Champion of Republicanism
on the Occasion of His denomination
For Congress at Alfred, Me-, July 80.
Free Silver Would He a Shifting From
High Standard of Civilization TO
That of Mexico.
The speech delivered by Hon. Thomas
B. Reed at Alfred, Me-, on July 30, was,
listened to and applauded by very
large assemblage. 1t was in part as fol-
lows: attt
1.-Two months ago no man of standing
would have risked his reputation as
prophet by limiting the slightest doubt
! of Republican success. -Four years of
\ actual trial of the opposition under the
guidance of its best and twice-trusted
| leader had left no shadow of question
as to public duty. However far the Re-
publican party might have fallen short
of perfection, nevertheless all men felt
it was the best party, just now, to draw
nigh to for whatever is to be left to us
of sound government, commercial sue
cess and business prosperity.
| The Democratic TransAg guration.
1.-TWO months have slipped away
hardly time to ripen strawberry, much
less system of finance-and there are
those who tell us that all things have
changed, that these very men who were
being arrayed for decent burial had
burst the cerements of the grave and,
| transfgured bv some new arrangement
| of crowns of thorns and crosses of gold,
| fp IN hn n, n M
even repair all the damage they them
selves had wrought. Now this may be
so, but to me it does not seem probable.
| Welcome to Democratic Patriots.
at would be unwise to confound the
Democratic organization with individual
Democrats When the war of the re-
] bellion burst forth, tens of thousands Of
Democrats, politicians, strong party
men, sprang to their feet, representing
hundreds OF thousands, aye, millions,
and henceforth and always were part
and parcel of the bone and sinew of the
victorious republic. What matter if the
party had gone wrong? They were
| right.
There are some political orators who
| think if they can draw rose-colored
| picture it ought to convert continent.
| What rosy picture we had painted for
| us in 1899 What millions we were to
expect We were to sell in the dearest
and buy in the cheapest market. We
were to have both ends of the bargain.
We took their word for it and here we
are. And now the least credible por-
ton of these same gentlemen are smear
ing the canvas of 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 by the same men
are fools
1.-THE evil which has come by an un-
wise revision of the tariff has been
greatly aggravated by one of its conse-
quences-our loss of revenue Had
there been no deficit, then hundred
millions of borrowed gold would have
carried us through the crisis safe and
sound AS it was, the constant drain
of the deficit, continually confounded
with the redemption of gold, has SO
afflicted the imagination of our people
that confidence can not commence to be
restored until our revenues equal our
expenses.
What is proposed by those gentle
years ago, that they alone hold prosper
ity in their grasp?
The Remedy of 10 to 1.
"Their remedy is the coinage of silver
l6 to /. Heretofore, whenever gold and
silver have stood together, it has been
at the market value. When we tried to
make gold and silver circulatd together
we have always married them according
to their market value Today we find
them, not 16 to ], but 81 to ] , and we are
going, they say, to lift silver to twice its
| value, not by the universal sense of
mankind, which alone makes values,
| but by the statute of the United States,
single handed, against the civilized
"Why should the United States try to
| do this alone? International bimetal-
| lism can understand, but this driving
| out of gold and substitution of silver is
only silver monometallisp for the United
| States. 1t is not bimettallism for the
world and stable currency, but the
shifting from gold currency and civil
lied Europe and going over to silver and
Mexico. Japan, India and China. Oh,
but China and Japan, India and Mex
leo are prosperous just now! Yes, but
4 NAAee nAAo VI PAOoPSAtey AAS PAooPSi-
ity of cheap labor growing cheaper every
day. Manufacturers there may be pros
porous, and traders may be prosperous,
but the people are not prosperous at all
In silver countries labor is cheap and
kept cheap by the silver dollar. For my
part l do not want that kind of pros
perity. want prosperity which by
good wages to all is shared by all,
More Capital What We Need.
What we want is not more money,
but more capital. Money always comes
with capital. We have money now,
more than we can use, lying idle. We
have just exported lot of it. Money is
the transferer of capital, as hayrack is
transferer of hay. More hayracks
will never make more hay, but more
hay will require more hayracks, and is
/ sure to get them.
"Our capital is great, but the United
States is very much greater. There are
millions of square miles and $1,000, ,00(
of people, and undeveloped riches with.
: out stint. But there is not capita
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