, 1896-10-05

staiu'aut. - '-ur cut dtfwn the value al tAO5s
ns.'i+ TO ~ ,,ri- On Tie dollar. He further
says. % ta' Ell -'au4grl = TO continue in
dclultr & = I'irI-iIurl IN savings banks may
l." CON. n'i.'d TO Withdraw their deposits IN
order +" nay if'iEE ,ApyrFr,. Indeed! II is
a rIu"1i:ailc TACT that size" 1873, tho year OF
rhv great rrim", until lsg5, during the period
when We had To- suffer all tho ami of tn,
gold -tlndarl the deposits in savings hanks
have, in~tvad IL h,iug withdrawn for living
EXPENSES, lnrr'a~cG-positIv,ly increased
much "v"r ~%LbuH.uu,tS0. And they would
have increased SIM NOR" had not some DEPOSIT.
ors Withdraw n thur d, pests. not for living
expenses, lut tus"nd them to Europe for safe.
ty, ont of tn" way Of sir. Bryan and other
friends Of the iuIling masses. They will nc
doubt bring that money back as soon rs MIR
Bryan Is beaten.
Let W. go III. Almost every man in active
business l. '"btCr and a creditor at the same
time-vrory merchant, every manufacturer,
n creditor to mis- customers and u debtor to
those from v nom he buys. Let Mr.. Bryan
bring on lu~ panic, and hundreds if not thou.
sands OF them although ever so solvent under
ordinary circumstances will break because
they cannot pay what they owe. being unable
to collect what l. Gu" them.
.'Ch"np Money" FaIlaci...
But "" are told that the Bryan panic cannot
last forever; that finally the buSincs- Of the
country will adjust itself to tn" silver basis
that then unrest will cease, and that confluEco
anu ITN~I'lllN VIII Ihluffl. No inc unrest
Will not "'as", for with til" establishment Of
the silver basis Viii come the disappointment
of those who hrOught II on.
Tn" ultimate result i not at all uncertain.
After u period If infinite confusion, disaster.
humiliation, suffering and misery the Amer.
lean pcupl" VIII al last regain sanity Of mind
and arrive az in at ONE very simple conclu-
sions: That, If You call "A peck n bushel, you
Will hay" InCr" bushels, but not more grain
If you call a foot a yard, you will have more
yards. but not more cloth If you call n square
rod an acre, you will have more acres, but
not more land. aud If you call 80 cents or |
cent or n bit of paper, n dollar, you will
have more dollars, but not more wcaith-in
deed, IL great deal less chance for wealth, for
you will haV" fHr less credit, because far less
honesty. We shall then have learned again
that the wit of man annot-althOuEh insanity
tries very hard-invcnt an economic system
under which everything You have to sell will
he dear and everything yUu have to buy will
be- cheap. And having got hold of these very,
very simple truths, the American people will
then i'll saCkclnth and ashes repent of this in.
sane FREQ coinage dchauch. They will then
recognize how wise the great civilized nations
were III adopting the only money in our days
capable of being the money of the world
rs their own money. We shall then
H." sufficiently cured of prejudice to observe
that uGdcr that monetary system those ma
tions have on the whole prospUrcd, notwith.
standing serious evils and drawbacks under
which we do not labor, and that the rate of in
tercst is lowest whcr" the gold standnrd has
existed longest. We shall then understand that
1T Is Il good thing to have the neccssari, ! OF
life in plenty and cheap; to have wages rising
and payabl" in money that does not deceive;
to have capital inspired with confidence in the
value of money, and therefore eager to go out
in investment or enterprise. W" shall then
readily aCklIuwlrdg" how foolish We were
from the very beginning % our silv,. expert.
mcnts in throwing away our gold for silver,
by which we lost confidence, credit and pros.
Ucrity. ChaStunrd by adversely, we shall then
10 longer uc tempted to repeat such nonsense,
but with luburiuus and painful effort we shall
work our way back to that money standard
which will insure stability and confidence at
home and enable us to trade with the nations
OF tho world on equal terms.
1t is not my habit to boast Of IA warm heart
I p the poor and suffering. But my sympathy
/ no less sincere because ! do not carry my
love and solicitudc for tho common people
constantly at my tongues end. If there be
those who are satisfied with everything. that
exists, | am not one Of them. There are few, If
any, who abhor that which may properly be
called plutocrlcy or dctcst the arrogance OF
wealth more heartily than l do. know, also.
that the industrial developments of our time
have brought hardship to some classes of pro'
pie which only the more saracious, active and
energetic among them have been able to
countorbalnncc prdiitahly with its benefits.
! b'i' ~ i"hh' ANA ~ " = hAA ; tlN
power, l would promptly change, in the inter
est of Common justice and equity. But be.
cause | am 50 minded | must oppose to the
utmost II policy witch, ! am convinced, will
immeasurably aggravntc existing evils. | also
know full well that Il large majority of those
who support FIRE" coinage are honest and well
meaning citizens, wishing to do right. But
because | know this, my blood stirs with IN.
dignatiun when ] see the INSCRIPTIONS efforts
made to guad them on to their destruction
| have witnessed in my long life ten prcsi.
dental campaigns, but never one in which the
appeals to prejudice, passion and cupidity
were 50 reckless and the speculation upon AS
s..inai popular ignorance or ra>cality SO au-
tors actually speak as If they believed the
American people to be born fools or knaves,
or both.
Sectional and Glass Prejudice.
They seek to excite the people Of the west
against the east because, as Mr.. Bryan said
in the Chicago convention, the east injurious
ly intcrfcrcs with the business of the west.
Aye, the east has intcrfcred with western
business, but how In helping to build west
,rn railroads, TO dig western canals, to set up
western tclographs, to establish western fac
tories, TO build up western towns, to move
Gestern crops. to allay western distress cans.
u by fire, food or drought. Has this served
to enrich the east? Yes, and so 1t has enrich
ed the west. Their wealth and greatness have
been mutually built up by the harmonious 90.
operation Of their Drawn and brain and money
Just as the blood of the east and til" west
mingled on the common bHttlrfi.ld- of tn" re-
public. And now comes this young man, as
we had not suffered enough from sectional
strife, and talks Of ''cncny's country
They seek to excite what they call "thc
poor against what they call ''thc rich'-in
this land of great opportunities tor all, where,
now as ever, so many of tn" poor of yesterday
are among tn. rich of today and so many OF
the rich of today may be among the poor OF to-
morrow. Their candidate for the presidency
presented a characteristic spectacle when some
time ago he was kindly shown over the farm
of the governor of New York, who is himself
an example of the poor country boy risen by
able and honest effort to aifiuence and distinc'
ton, and when that candidate then straight
way in u public speech drew invidious com.
parsons between the elegant houses on the
Hudson and the poor cabins in the west
teaching not the true American lesson of sue
cess won by honest industry, thrift and enter
prise, but the lesson that those who have sue
ceeded less should hate and fight those Who
have succeeded more-a lesson utterly ua-
American, unpatriotic and abominablc!
They tell the farmer-most cruel deception
that he must and VIII be made independent
Of the world abroad, while year after year
from sJJO,0OU,OU to 500, 900. 600 worth OF our
agricultural products must seek the foreign
market to find purchasers and while nothing
will hurt the farmer more than "a serious i'm.
ness crisis.
False Friends Of Labor.
They proclaim themselves the special cham.
pions of the toiling masses, while their policy
would rob the laboring man Of half of his saw.
ings and grievously curtail tho value of his
wages. Am i asked. il the silver standar
will relatively reduce wages, why SO many
employers Of labor nre opposed to it? The
reason is obvious, because, aside from all con-
celebrations of sentiment, the prudent employ