The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1896-10-08

BOSTON, Oct S-An ovation which has
never been surpassed in enthusiasm was
that which awaited Hon. Thomas b.
Reed, Hon. Roger Wolcott and senator
Henry Cabot Lodge in Music Hall here
last night at the ratification of the ma
tiunal and state tickets by the Massachu-
setts Republicans.
The hall was simply packed with hui
manity from floor to ceiling fully two
hours before the time for the meeting,
while outside thousands went away, hav-
ing no chance TO reach the inside of the
building While waiting the arrival of
the speakers and guests the band played
patriotic airs, with vocal accompaniment
on the part of the audience, which i'm vol
ume bid fair to raise the roof and all the
time the great audience was almost buried
under thousands of waving small Amor
lean flags.
Enthusiasm almost exceeded all bounds
for five minutes before George II. Lyman,
chairman Of the state committee, could
be heard. He briefly introduced William
c. Lowering, of Taunton, the nominee for
congress in the Twelfth district, as chair
man of the evening.
Mr. Lowering spoke briefly and was fol-
lowed in short speeches by Lieutenant
Governor Wolcott and Sen ator Lodge. In
the course of senator Lodges speech he
attacked the Democratic managers in New
York for issuing y parody on the Lords
Prayer for campaign purposes, and said
that no campaign CARRIED on those lines
could be successful.
Hon. Thomas b. Reed was the last
speaker His reception has never been sur
passed in this state The vast audience
rose as one man and cheercd itself breath
less and, recovering, cheered again. Mr.
Reed said in part:
1--WE do not need to talk of protection,
for this country, by three elections, each
more decisive than the other, has prac-
tically determined that question. The
main question now before us is the silver
question. 1t has come upon us like the
greenback agitation in 1873 1t has the
same causes, and in my Judgment will
have the same fate.
with the rising tide Of business in 1879
which followed specie resumption green
backs disappeared from the face of the
earth, perhaps never again TO reappear. In
like manner, when this election is over
and business revives, this question of free
coinage of silver by the United States sim
gle handed and alone will disappear from
public and private discussion. Nor is the
question today half as difficult as the
question of 1873. 1t is certainly not BIZ
metallism
"BimetalliSm means the use of both
metals, and not of one 1t means the use
of both metals by all Of the civilized world
at least. A this bimetallsm Mr.. Bryan
sneers. He says that it is establishing a
system in America with the consent of
Europe. as if we We're vassals Had he
said agreement, as does the Republican
platform, he would have recognized both
the individuality Of other nations and
their equality.
"Bimetallism, then, is not the issue. |
put aside all this talk about the rise of the
value of silver under free coinage to meet
the value of gold, and all the harmony
that would come of the marriage. 1t seems
very clear, if we are to credit history and
experience, that if we coin silver at Is to
l. when its market value is 30 to /, we
should certainly go to silver standard,
and that standard will be below our pres
ent one.
Suppose we admit that the increased
use of silver will raise its price; even then
no man in his senses would dare to think
that it would bridge the chasm. If the
coinage of 5000 600, 600 where there was none
before lowered the price, what right have
we to think that increased manufacture of
silver would not lower its price instead Of
raising itp
''At first sight it looks so simple All
debts will shrink, and therefore all debt
ors will be happy. All creditors are rich
men, else why do they lend money! And
all debtors are poor men, else why do they
borrow There was time when wealth
was individual, and only the poor man
borrowed and the rich man lent. Money
is no longer lent by rich men alone. Ag-
gregated poor men, poor men and rich
together, the rich with their wealth, the
poor with their savings, do the lending.
How can you select out Of this mass, thus
ontwined, the poor man and dover him
with release while you faSten on the rich
man his undiminishod burden? You can
never do it,
Bat the people who owe are not all of
us they are only those who have bor-
rowed. And then the people who are in
sured, are they not the people alsoy The
life insurance companies which do busi-
ness in New York alone have accumu-
lated for the benefit of policy holders and
their bcnehciaries 81 u ~ OOO,OOO, anamount
Sl5,OOOOOO greater than all the national
debt. OF that sum only II per cent is
real estate, which might rise with tho
tide,
This beautiful business Of reducing
debts one-half win here strike 10000. 900
men. Worse than that, in time it Will
strike 3OOOO,OOO women and children. This
disaster would spread all over the country
Il will not comment on savings banks
They are only trustees, and If you, de-
positor, help pass law which gives them
only 80 per cent. that same law will give