Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1896-10-17

| posed to a fluctuating currency as they
are They seem to know a dollar is dis
honest but think it is honest when it goes
up.
You hear the street-corner politician
argue cheap money, but never syllable
does he utter against high money.
My advise is to keep as far from the
gold standard advocate as possible, nor to
get too close to the irredeemable paper
advocate.
There is some objection to free coin
age because it is said it will make money
too cheap. They tell us we are going to
make dollars out of 80 cents and also that
we will make so cents worth dollar.
IF our friends will search history from
now to Adams time and find a country
that ever had
Too Much Money
/ will acknowledge our plan is wrong.
None of you have had as much as you
wanted, and many not as much as you
need.
mo financial system can be a good one
unless it is stable
Our friends are right if they can
prove gold is stable, and they are wrong
if we can prove 1t Is unstable The de-
mand for gold has been greater than the
supply. From 1873 to 1894 the world pro-
duced over $1,000, 900 in gold, more
than go per cent of which has been used
in the arts, leaving less than 1000 900
W De uSeu as money. Inc WOrlu produced
more gold in 1873 than in 1892 During
this lapse of time many nations have
adopted the gold standard and discarded
silver.
1.-The secretary of the treasury went
into the dark rooms of a syndicate of
home and foreign bankers and consum-
mated a secret contract for the purchase
of $63, 900, 900 of gold, which stands-and
must continue to stand for all time to
come-as splotch upon his administra-
tion of the treasury.
Suppose we grant HE was honest in
this. viii you permit the American peo-
pie to become the keepers of foreign peo-
pie? AS an American and patriot, de-
nounce any movement to mortgage the
interest of unborn children by the sale of
bonds.
when it was agreed to bring gold to
this country to supplement the treasury,
it was also agreed not to make the trans
fer public.
1.-THE very fact that the money powers
tremble at the loss of gold is evidence
that there is not enough to go around.
"They do not always sell bonds to bring
back the gold. Not on the heel of an cleo
tion. They knew If this country sold bonds
between this and the election Mckinley
would not carry three states. They saw
democracy
Rises UP in Its Might
and If this bond issue continued there
WOulu not De d Spot lell WHeIe tIe ItpuD-
lican dove could rest its feet outside of
Vermont and Maine.
"They will protect when 1t is to their
interest to protect and despoil when 1t Is
their interest. They never felt patriotic
impulse, and should we turn over all they
now ask they would want the common
people, whom they might pluck at any
day
"This was not the philosophy of Jeffer-
son and Lincoln. They taught that the
rich should protect the poor. The rich
now protect the poor as the wolf protects
the lamb
"Our friends in one breath say there
has been overproduction in manufactured
goods, and in another they say build fac
tories. They tell us the farmer has been
producing too much wheat and in the
next breath they say the farmer should
quit talking politics and go to work. In
the spring they tell the farmer to work
more and complain less; in the fall that
he has worked too hard and made too
much.
"The boil worm has been the farmers
friend, and the chintz bug of the west
A Blessing in Disguise.
"If this philosophy Is right the man
who makes the least serves his country
best and laziness is virtue.
"Under such laws what will the next
fifty years bring to this people? Millions
of unemployed men tramping the streets,
When the merchant closes his door the
door of the factory is closed, and an army
of idlers is formed.
1--WE have no fears of foreigners con-
quering our liberties We are invincible
against all the foreign powers of the
world. We are secure against foreign
enemies, but are not secure against our
own unemployed men, who are willing to
seek work when there is hope of finding
it, but when they see old established fac
tories closed and no new ones being
built, and when they go to their homes
hungry and see the pale faces of starving
wives and babies, they become at once
reVolutionists. l appeal to avert such
disaster as this. They call us anarchists,
when we are appealing to prevent the
millionaires from making anarchists of
us. We are protecting the foundation of
social order. They say we are trying to
rob the rich; tell you, we are trying to
keep the rich from robbing the poor. They
have preyed on the people so long they
feel that they have legal right to
Continue to Do So.
"Only per cent of the merchants make
money, while 81 per cent lose money; only
per cent of the bankers lose money,
while 81 per cent make it, The reason is
plain, 1t is because the merchants deals
in a commodity that is depreciating in
price and the banker deals in that which
is advancing.
"Our business system Is more profitable
to the gambler than to the trader"
In his preoration the speaker pictured
eloquently the conditions that exist be-
tween the money hoarder and the laborer,
and for twenty minutes the immense
crowd was so quiet that a pin dropped
could have ben heard to drop.
The speech consumed nearly two hours,
and was considered one of the ablest ever
made in this city on any subject.
There were at least 1000 to 1900 people
in the opera house, and fully 1000 on the
outside who could NOT gain admittance.
The speaker was to have left on the
1920 Kansas City train for his home,
where he expected to spend couple Of
days before resuming his canvass, but
missed his train, and will not leave until