Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-08-29

that bill: But it will certainly offer
some relief. Il will reverse the grinding
process that has been going on fer the
| last few years" Aye, away back
eighteen years ago he spoke of this rs
a grinding process and, my friends, Il
does not tighten the effects of
THE GRINDING PROCESS
to call it a temporary embarrassment
| (Applause.) He said: Instead Of con-
! slant and relentless contraction, instead
! of constant appreciation Of money and
depreciation Of property is what
we have seen, constant appreciation
OF money and depreciation Of property
ne said: Instead Of these we will have
expansion 10 the extent Of $4,000 0C0
per month and under its influence
now what is going 10 be next? Mr..
Carlisle knew in 1873, he said-"under
, its influence the eXchangeable value and
the commodities, including labor, will
soon begin 10 rise" That is what he
said in 1878. But what will be the ef-
feet Of it? Thus inviting investments,
/ infusing life into the dead industries Of
! tle country and Quickening the promo
! ton Of trade in all of It's departments.
| lie understood the laws CT finance. Re
understood what was the effect of add
! ing this money TO the CIRCULATION and,
my friends, if he stated the truth then,
! that truth has not changed since then.
( nor can it be changed though every one
! who spoke for il should turn his back
upon it. (Applause) Truth lives. Il is
| the one thing that will not die. I quote
! these words TO you TO snow you that
/ by the increase of the volume of money
/ we expect to stop the constant apprecia-
/ ton Of money and the constant depra-
! citation Of properly There is a differ
! ence between the owner of money ana
she owner or producer of property. Lee
| me illustrate. Suppose a man in tbs
! community-a young man-fnds some
young woman who is willing 10 trust
her future to his strong right arm and
| they start out to build a home. Mo-
having enough money they take wha,
they have saved together and buy a
farm, paying $1,000 down and giving
mortgage for the other thousand. And
what is the result? Suppose money risee
in value. Suppose you take a notion YOU
want a good dollar, a high priced dol
lar. dollar that keeps getting HIGHER
priced each day, suppose mat YOU have
a dollar that gets 10 be twice as good as
II was when the man gave the mort
gage. IL means tina, each dollar
WILL BUY TWICE AS MUCH.
1t means that it will take twice as much
OF the products of the farm to buy the
dollars and pay his debts IS i: did be-
fore. What IS the result? Why. the
result Is that while il requires twice as
much of th products OF tha farm 10
pay The interest and twice rs much to
pay tie taxes and twice as much 10 nav
I the GCot-she man finds that he IS not
able 20 pay that debt as he agreed TO.
What then? YOu say ext nd the mort
gage. Why. they Will tell him that the
land has gone down in value now ana
that the farm is not worth enough 20
b good security for a thousand dollars.
| Then what? There is one tnlng. He
can turn the farm ov-r to tn man who
holds the mortgage. This he can al
ways do. What is the result? He and
his wife have lost 81 600 they invested
in the farm. They have To-. the labor
they have put forth IN trying TO pay
the mortgage and then they lose the
farm and start out in life again. How
about the ether man who sold him the
farm and got The thousand dollars
down? i he loaned that thousand dol
lars, he got security for his thousand
fo,lars and he has the Thousand dollars
within his rsach, and then he ge,s his
farm back. | ask ii there is any differ
face between the holder of the capital
and the owner of the property n the ap-
probation Of the dollars. The man
with the money is twice as we'll off as
he was before. and the man who ried 20
own the property loses all he has and
has TO begin again. The find the man
who holds the notes meeting in cOnyen-
ton and declaring that The gold stand
ard is the best system of money that
was ever inven d. But VII th0Se pSO-
pie who have lost their hCme-Wiil they
me-. together and endorse the system
that is destroying them? My fir. nds,
this IS practical question that confrOnts
the farmers CT the Unied States and rot
Of he United States alone, but the farm
ers OF Ireland, The farm rs of England,
and the farmers of Germany, and the
farmers of every nation in the world
that has the gold standard to-day
I assert that the gold standard could not
live for one day in any nation unGer the
sun without the aid of the money owners
and the money changers TO keep 1t in eN-
istence. assert that the gold standard
has never received the endorsement Of
any class of people except those who pros
per as society is destroyed
BY a RISING DOLLAR.
7 do not know what view you may take
of it. my friends, but in my humble judg-
ment the American people are the only
people who have any right to say what
the American people will have for legis-
lation. (Applause) They have driven
down the price of your products. They
have increased the burden Of your debts.
They have foreclosed your mortgages.
They are degrading and lowering the
standard of civilization by driving people
who want to work out upon the streets,
and then idleness breeds crime. and crime
menaces the safety of every citizen of the
land. Appause) a voice, How about
free trade?'D
MIR. Bryan-Niy friends. It is not more
taxes that the people want, but more
money to pay taxes with. Great APP
plause.)
If there IS any farmer here who has not
taxes enough, beg him to go to his coun-
" treasurer and get enough more to sat
isfy his conscience. CAr.lauseD But
care not how men may differ upon the
subject of taxation. The subject Of tax
alton is ever present with us. We can
change our tariff system any time, but We
have reached our crisis Ia our monetary