The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-09-18

thing in one of the New York papers
which purported to relate an actual
transaction. You remember when the
last issue of bonds was made they
drew out gold rapidly to buy the bonds
with. Why, some people said, that
it was a fact that five hundred and
fifty millions of dollars were bid for
bonds, and that fact was an evidence
that there was a great deal of gold
in the country. 1T was not an evidence
Of any such thing. / read of one man
who had postage stamp and he wrote
and made a bid for a large amount
of bonds, and having made a low bid
he got the bonds and then sold them to
somebody willing to take them off his
hands, and made a large profit without
investing anything at ALL and among
the people who bid for the bonds with
an idea that their bids would be ac-
cepted, they thought if they were ac-
cepted they would buy the gold to pay
for the bonds. And they bought it of
the bankers, and the broker went to
the Treasury i'm some instances and
get the gold to sell to the people who
we're going to buy the bonds, and this
wv York paper told of one transac-
dion where the broker took greenbacks
and Treasury notes to the mint to a
large extent and drew out the gold
and was dividing it and they were
going to take it back to another win
dow and get the bonds, but the agent
of the government saw him and told
him that he couldn't do that. He said:
You cannot use this office for a
brokerage establishment why, said
the broker I can take this gold across
the street to my office and then let
them bring it back again Yes an
sWered the agent, You can do that,
but you cannot divide it here BY that
time the broker was getting mad.
What is the use of doing that? What
is the use of making me paw the drav-
age across the street and back?' lie
was getting mad and he continued: 4
tell you what is the matter with YOU.
YOU are standing in with that dray-
man, that is what is the matter with
you; you want to make me hire him
(Laughter.) That is an instance, my
friends, that is reported in great
daily paper. applause and laughter
My friends [ only stated that to illus
trate the absurdity of issuing bonds to
buy gold and then furnishing the gold
to buy bonds with. You can keep it.
up indefinitely. And it makes me think
OF deception a mother practiced upon
her boy. The boy was taking some
medicine and a stranger said to him,
DO you like that medicine?' No,
sir answered the boy, Well you take
it very nicely Well, the boy said
mother gives me five cents every time
! take it, What do you do with your
money! Put it in the bank What
do you do with the money in the bank p
%, mamma uses that to buy more
medicine with daughter and APP
plause.) 1t seems to me that that
illustrates exactly what goes on down
there, and yet they call that fnancier-
ing. And if we protest against it.
Why they|say what is the use of
listening to those people? they don't
Know any thing about financiering,
they are not business men,
My friends, ! think it is time our
people We're becoming business men
enough to understand how the govern
ment rs run and whose interest it is
run IN. You take the government out
of the hands of those who have been
running it in the interest OF a few peo-
pie and run it in the interest of the
great majority of the people. ZAP
plause.) And if we say a
word against any financial policy they
call us agitatOrs, and all the blame of
all the financial conditions is placed
upon our shoulders. I read a state
ment made by a number of promi-
rent bankers in st. Louis. Tt was pub
l5shed on last Saturday morning. and
N TINS statement these bankers an
nounced to the public that because Of
the agitation of the silver question
they would not be able to furnish gold
TO those who wanted it, but in their
Judgment within fifteen days after a
correct settlement of this money ques-
zion, they would be able to furnish
gold. That it was the agitation that
had given them trouble Why. my
friends, if you will read the platforms
adopted by four Republican conven-
itlons last summer, you will find that
they denounce the agitation of the
money question. Not satisfied with
having run this government their way,
they now complain because we are
not satisfied with the way we are rum
nlng it, and they cry out and want ms
to be made satisfied, and when we are
not satisfied, to drive us until we are
satisfied. (Applause). Blame agita-
ton? Why, my friends, they are do
ing as they usually do This difficulty
is not due to agitation. Agitation is
here because of the difficulty that ex-
listed before agitation began. Gap
plause). / wonder what kind % n
government these anti-agitators think
we have in this country. How are peo-
pie going to remedy anything except
by discussion, and all discussion is agi-
tation, and when / find a man who de-
nounces agitation, | find man who
does not understand the institutions
under which he lives, and my friends.
if our opponents who are so afraid of
agitation, had their way about it they
would make a penal offence for any
man to criticise the financial policy
fastened on this country Great APP
plause.) These New York financfers
tell us that we must not agitate our
selves because we will disturb their
business, but you ask them how they
know their business will be disturbed
and they tell you they have just heard
from London Iaurhterl You Gift