The daily morning journal and courier., 1896-08-26
GREAT SPEECH BY REED
POTENT AND PLALN TALK THAT ALL
 MAY UNDERSTAND.

pie APPealeu to Tn Burning words
 Prosperity and so1nd Money vs. Sophis-
 try of Demagogues.
 Bar Harbor, Me, Aug. 25,-Hon. Thomas B. Reed spoke here to-day to a great concourse of people. When he arose. the cheering was so great that he could not speak for several min utes. When quiet prevailed MT. Reed delivered a most telling and powerful address largely devoted to the currency issue. After an eloquent introduction MT. Reed said; Neither loud indigna- tion nor flowery spech, neither great promises nor wild harangues will help any man out of disaster, nor any nation out of hard times. The causes of panics and hard times are no great mystery. When the people all work together and all have faith in each other prosperity reigns. By and by men with good times get over confident and get wild over too much prosperity and reaction comes" The speaker then illustrated this thought and spoke of the hard times of '37, '73 and '93 Proceeding he said he had no hard words for the dem ocratic party nor for the president, about whom there was much to admire. He was both strong and brave.
 MT Reed then spoke of the repeal of the Sherman law and added: T took occasion in the presence of 5000 men, women and children to declare that the repeal of the Sherman law was only one step in the upward march; since then many bad things have happened, plunging us deeper into the mire." At another time he would have his say about the wretched tariff bill which Mir. Bryan and his associates proposed in congress. q do not propose to charge democrats with that bill. The one they finally passed was vastly different one But the mischief had been done. The shock had stopped bus mess. Men did not know which way to turn. Money in the hand is better than money in bush, especially when you cannot tell what kind of a bush it will be-
 A statement in regard to the income tax was next and then the speaker said:
 What we ought to do Is to get back to the sound basis of mutual confidence. We have money in our banks. We have capital here in this country, the piled up riches of fourteen years of prosperity. The capital of all the world is waiting to be our servant. We are to-day richer in all those things which satisfy human wants than ever in our history. Were capital free to operate we should march resistlessly. We have skilled labor to which we can pay just wages. Our crops of wheat and oats and corn and cotton will be immense.
 We have paid off great debt to foreign nations by purchase of our re- turned securities and our absorption : of them on a falling market deserves the wonder of the world Of facilities to manufacture goods we are full. Look at the Sunday newspapers What tons of paper we can furnish every day. We can make all things cheaper than ever before and more of it. What shall we do? Pursue the old course of blundering, shock business some more, or shall we set capital in mo- tion? But how shall we set capital in motion?
 We must restore confidence. How can we restore confidence? First of all, by putting anarchy down. and all manner of disturbance. Peace and a stable government are the first necessity This is borrowing and lending world That is fixed fact. No amount of denunciation of money lenders, no wild talk about Wall street 1xYbio hu ha ic 1,n acf money borrower in the world, will ever put down that fact. Enterprises are carried on by the united confidence of men of men and men of brains. Bring this thing home to yourselves and then you will understand it. If you have money or any other capital you had earned yourself, or your fath- CT has left you, or even any you had won in the luck of lottery would you let 1t out to anybody on earth who was liable to give you back ony half of it and want to call it square?
 How would you, my farmer friend, like to let your farm to a fellow who by law might turn your story and half house into shanty, spread sand over your arable land and burn your wood lot, and then hand it back to you dis mantled and half ruined? How quick you would invert such a fellow Well the man who has capital to let beside farms has just as much sense as you have. The first thing he wants to know is, will he get his capital back. This same idea fills the mind of the business borrower. If Jordan of Alfred puts his property into the forest, and makes lumber and sells it on credit, he wants to know that he will be paid in as good a dollar as he put into the woods Else why should he put dollars into the woods at all? Now I put it to you, as men of sense, plain men of sense, would you lend money, if you had it, to any men, or set of men, or any nation, which you knew was try ing to devise some way whereby you would get back only half of it? You may not, like a silver man, understand currency. You may not be able to dal- ly with statistics, but you do under stand that simple proposition. If you were business man, would you make things on gold basis, and sell them on credit to people who were trying to see if they could not pay you on a silver basis? X
 Omne ignotum pro magnifico is Latin, and pretty old, and of course we all T T ,rr11v