The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-10-08
MAI. M'KINLEY VISITED By \
DELEGATION FROM SPRING
FIELD, o.
WHILE CAPITAL WAITS LABOR IS
Unemployed, Says Mckinley, in His
Speech, Showing That Lack of
Confidence Is the Cause of the
Present Depression.

III Drought inc heavyweight Mchln-
ley and Hobart club, othe,S7,clubs and cit
liens generally under the c,.croc4 The
large crowd assembled in the taayanaclc,
where an address was made by J6hn c.
Miller, and Maj. Mckinley responded as
follows:
1T gives me extreme pleasure to meet
at my home today the representative
citizens of Springfield and Clark county.
| would not undertake to enumerate the
clubs presented here lest | might omit
some of them, but all are welcome. |
have long since known there was moth
ing small about the people of Springfield
and Clark county and | never stand be-
fore Il Springfield audience without hav-
ing brought TO my lips some precious
names associated with that enterprsng
city. Shellabarger was not only Il dis
tinguished lawyer, but an eminent
statesman, and that dear old citizen,
Judge White, whose learning enriched
the judiciary of the state Names like
those come to me whenever | see II
Springfield audience.
1T is not given to many cities to have
| furnished as yours has, Il distinguished
1
of the national house of representatives,
J. Warren Kiefer. Nor is it given to
many cities to have furnished as yours
has, that splendid, ideal business man
| and distinguished executive, the pres
ent governor of Ohio. Asa s. Bushnell.
MIR. Cyrus ii. Mccormick of Chicago,
who is at the head of the great Har
vesting Machine company, the strength
| and integrity of which the country is
familiar, recently wrote rs follows:
1--WE have never been so at Il loss to
| lay our plans and work for the next
| season as we are mt this time. If we
| thought that the country would go for
the unlimited coinage of silver we would
not wish to run our shops for more than
one-half their capacity
| I'VE have in this statement, my fell
| low citizens, description of our bust
ness troubles, and it teaches striking
lesson which must impress every think
ing man. The manufacturers do not
know how to plan for next years bust
ness. because of the financial uncertain
ty created by the attitude of one of the
great political parties of the country in
combination with two other parties. If
| free silver is to be inaugurated in this
country il will change all values, dis
| arrange the relation of raw material to
| the finished product and unsettle all con-
ditions of existing business and pros
perity. This uncertainty makes every
business man pause, makes every bust
ness enterprise halt, and while they
pause and halt the home of every work
! ingman is filled with despair. Capital
hesitates 20 invest because it sees dan
ger ahead and is unable to count with
certainty on either the safety of its prin-
cipal or return of profits. While capital
awaits labor is unemployed. l do not
know how many hands the great firm of
| Cyrus III. Mccormick 4 Co. employ, but
many thousands, | am sure, but when
4, he states that if we have free coinage of
silver he would not run their shops with
more than half the labor now employed,
| assume that this position would be the
course of every harvesting machine COM
pany of Chicago and throughout the
| country.
''If your pay rolls had been reduced
onc-half it's effects would be injuriOusly
felt by every farmer in your county and
| the injury thus inflicted upon the farm
er would affect the machine works, be-
cause your customers, who are farmers
would suffer from the diminished labor
you would employ in the loss in part of
their home market. Is not that true,
my fellow citizens of Springfield? loud
cries of Yes, yes.o Business of every
character is so interviewer and so de,
pendent upon every other business that
to hurt one is to hurt the other In 1872
people used to think you could hurt the
manufacturer and help the rest of man
kind Uaughter.) They labor under
no such delusion now. Demand is what
makes business activity. The sickle and
the fail would still be in use but for the
pressing demand of the great grain
fields of America. You make agricul-
| hn f1 RIM A.
wants them. but when he wants fewer
of them you will not make as many. and
| when that time comes and you diminish
| the output you do not require so much
| labor, and that is what makes poverty
and idleness. My fellow citizens, we
must have stability in values and conf
dencc in national and individual integrity
| before we can have real and permanent
prosperity. (Applause.) We must have
confidence that our revenue legislation
| will supply adequate money money for
! the public treasury, and protect Ameri-
| can labor and American interests in
every part of the country. Alexander
| Hamilton said: There is scarcely any
| point in the economy of national affairs
of greater moment than the uniform
preservation of the intrinsic value of the
money unit. On this the security and
steady value of property essentially de-
pends.'
"We must get over the idea. my fell
low citizens, if we ever had it, that there
is any legerdemain in finance; that con
gress. by its mere breath. can make
something out of nothing: that it can de-
cree that 80 cents worth of silver shall
be worth 100 cents. Congress can do
much; it can protect the life and property
of citizens, as it should provide revenue
| laws, which will make the treasury
easy. and protect producers from unre-
strained competition of the old world. 1t
can do that, and it must do that. Cheer
ing.) Blu it can not. by its mere stamp,
| make dollar worth 100 cents out of a
piece of coin which sells in every mar
| ket of the world for 80 cents We want
| for our country dollar worth dollar.
"The great senator of New York, Kos
coe Conkling, once said: Il do not be-
lieve that you can legislate up the value
of anything any more than / believe that
you can make all generals heroes by leg
islation. The continental congress tried
legisating values up by resort to penal
ties. but the memorable laws of trade,
as independent as the laws of grayita-
ton, keep them down. (Applause)
"Good credit and good currency are as
Indispensable to labor as to capital, and
he who teaches any other doctrine. is
against our country's prosperity. Good
currency gives protection to labor and
every American interest. as a wise pro-
tectiye tariff gives protection to Amerl-