The Portland daily press., 1896-08-31

banking and currency, who is for gold
because England owns so much of the
debt OF the world, admits that with the
two metals. acting like two lakes joined
together. a more constant level of prices
is maintained. While with but one
standard, when the lake is damned up
OF depleted, prices and business suffers.
Ihe speaker then went on to charge
upon John Sherman the plan of demon
etizing silver, and the execution of the
plan by the act of 1878. The people did
not understand that act. Gen. Grant
declared to Gen. Hughes, in the city OF
Denver, that he knew nothing about
the purpose of that bill when he signed
it. (Applause.)
Tho speaker then declared that by
striking down silver all products had
been raised in price. Suppose there were
two pieces of butter, little yellow ball
and big white ball. If all of you have
| biscuits, by dividing the butter all
may got some. But along comes John
Sherman, and smelling of that white
| butter, says: "That Is not good, /" and
throws it away. Then whom you come
to butter your biscuits, you find that
the little yellow ball will not get around.
| applause.
The speaker charged that when, by
tho discovery Of gold in California, it
seemed that the fall of the value of gold,
consequent upon large production, would
cause rise of prices, the capitalistio
classes started movement to demone-
tie gold.
II the Republi can platform Of today
should be enacted into law, the people
Of this country would be reduced to a
condition of serfdom to the national
banks. (Ories and yelle.)
Thomas jefferson said that the money
power was greater menace to the lib
erty of this country than all the stand
ing armies that could be congregated.
Applause
During a5 years what spectacle have
we seen? We have seen prices going
lower. We have seen that dollar which
they call honest, calling all the time for
more Of our labor, more of our products,
until the great middle class hangs in
mid-air like Mahomet's coffin.
Here the speaker quoted from Gold
smith's Deserted Village, to impress upon
his hearers the badness Of the situation
whom wealth increases and men de-
cay"
Senator Aldrich's report made in the
Senate shows that prices have fallen
since 1873, almost 4S per cent, the COM
putation having been made from large
number of products. DIR. Sauerbeok' e
figures show the same results in Ger
many. Silver has fallen at about the
same rate. Our Republican friends urge
that the recent changes in the tariff
causes prices to fall; but the greatest
fall in the price of products occurred
under o protective tariff. (Applause.
The cause Of the fall was the demone-
tizntion Of silver and the United States
1 must have the free coinage Of silver,
alone if necessary. (Applause.) 81
You talk of " ages having gone up.
Can any sensible man believe that
wages will increase when tramps in
crease. lApplause.)
Mr.. Mckinley says 1t is better to run
the mills than the minis; but how can
you run the mills unless you run the
mints to give you money with which
to run the mills.
! Over production did not lead to the
decline in the price of silver.
Between 1873 and 1898 THE production
Of silver was only 81 per cent greater
than from 1893 to 1872, while for the
same periods, the production Of gold in
creased 43 per cent. Where was your
over produ ction? (Applause.)
The speaker next went on to treat OF
various arguments which are urged
against free coinage, finally declaring
as soon as We had free coinage of sill
yer We would draw all the gold of Eu-
rope to us. (cheers) and after Mr.. Bryan
should have been in office six months
Europe. unloss sho should adopt BIZ
metallism, would be at our mercy, in
stead of our being at their feet. (Cheers. }
i He declared that this WAS the fight
of the masses against the classes and APP
pealed to old New England to do her
duty.
Loud applause and cheers praised the
boy orator when he concluded, after hay-
Ing spoken an hour and a half. :
4 Mr.. H. H. Eddy of Colorado, an older
and fine appearing man. was next in
PRODUCED. He also is an old Republican,
| whom the wave Of silver sentiment in
the West has cent to the support Of Bry-
an and Sewall. He did not have very
good hand, since large portion Of the
audience were ready to go when Belford
/ had concluded. His speech about con-
stAn.ly depreciating values was listened
to by a constantly depreciating audi
ence. He was, nevertheless, a very foIci-
BILE speaker. He predicted that if the
present monetary 6sstem should con-
tinue, the whole great country lying west
Of .the Mississippi would pass nto the
hands of the money kings of Europe OF
plutocrats of America. He also pre-