The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1896-10-03
THURsTon TALKS TO ToILERs.
Tho Nebraska Statesman Makes n Telling
speech at Chicago.

The Nebraska Statesman Makes Teliinl
spsech at Chicago.
On Saturday night, September 10
Senator John NJ. Thurston, of Nebraska
spoke TO one of the larges: crowds tina
ever assembled on the West side at ;
political gathering. lie spoke on tn,
money question, and in his remarks
scored his neighbor, Bryan, severely
He said:
I'm every free silver coinage country gold
has bean driven out IL is not In use as
money, and the only money In use In those
countries Is silver money at It's buillon
value and paper redeemable In silver. The
poorest dollar OF any gold standard coun-
try can be exchanged for two OF the Dest
dollars Of any free silver country pre-
fer TO live In country which can do ousl-
ness on equal terms with tn" great nations
of the world. rather than 10 live In coun-
try whose standard Of money has already
gone down 10 the halfway point, with the
prospect OF still further depreciation.
"In the gold standard countries OF the
world, with their Joint use OF gold ana sill
yer, there Is more than five times as much
money IN circulation per capita as there is
in the free silver countries OF the world.
The United States under the existing
standard has in circulation more than $22
per capita, while Mexico, the most ad-
vanced free silver nation has in circulation
but $3.50 per capita, all in silver worth at
the present time about SO cents on the dol
lar-no, not SO cents for its value has fallen
two cents since the Chicago convention was
held. and the people OF Mexico are prepar-
ing for a stil further fall IN value after our
November election.
1T is only under free coinage of silver
that two dollars OF unequal value and pur-
chasing power can exist. Wherever dollars
OF unequal value Do exist. the disadvantage
Is always to the poor and the toiler and all
the gain Is for the money changer and the
capitalist.
Some OF Bryan's Statements
"Will free coinage result In deprecated
dollar? Mr.. Bryan, at his Madison square
meeting. before all of The audience had
left; declared that in his belief opening our
mint8 to the free and unlimited coinage of
the worlds silver would Immediately ad- |
vance the price of silver from GS cents per !
ounce, us present bullion value, TO $l.29 an |
ounce. its coinage value, in gold
us there anything in history or expert |
encc of mankind to justify such belief? |
Can the American people afford to chance |
the business and prosperity of this country
and Of It's 100000 people &c the belief of |
any man, however DISTINGUISHED when |
that belief Is in direct opposition to the ac-
cepted Judgment OF mankind? AS Mr.. For
aker has 50 well said: 'Can we afford to
make an experiment station OF the white
house?
The free coinage OF silver ~ other coun-
tries has never yet lifted ITS purchasing
power above its bullion value. The stamp
of government has never yet Increased the
Falu" of tn" metal upon which ii has been
placed Gold remains gold and silver re-
mains silver 1t VIII pass current among
al peoples. rot on account Gt the fiat of any
government. but on account OF the in
trnsic value OF the coin itself
'Wll the opcnEIS of ou' minis to the
free ANA unlimited coinage of the worlds
product of silver double the value OF all the
SILVER money of the world and of all the
SILVER bullion that can be produced from
year 10 year? The proposition Is prenos-
ferrous on the face IL it; tLat a law of the
Cn-.Gd states will double tho ;alue of $780,
et&"D OF silver money now II use through /
Out the worlu IS absurd. and il the silver ad-
NoCate5 are right in their theory that all
OAR HIS are because OF the appreciation Of
money, what frghtful crime they are
proposing aGatns: the silver standard
money: FOR II they are correct, the doub-
HES or the value OF the money of those
countries will prccipitatc upon their UNI
oLohdlnS people all OF the depression stag
nultpn and Ills which they So loudly bewa!l
in tie United States.
Hazard IN an Experiments.
"Qnc thinE Is certain. When our mints
are open 10 tho free and unlimited coinage ]
or silver, the value Of silver bullion of all
III" world must rise TO the gold stand
ara Of the great Industrial and commercial /
countries, or the coin value Of all our sill
er money must 20 down TO the present
value of silver moneys Of he free coinage
countries. Which Is 1t to he? Arc we TO
lift Mexico, Japan, China and South Amer
lea 10 our standard or are we TO fall to-
theirs" The very hazard Of the experiment
is enough to paralyze all business, destroy
all confidence, stop all enterprise limit
all manufacture. Curtail all credits. raise
all interest rates and make inCrcaS Cd man
ufacture or investment an absolute i'm
possibility.
when our minis are opened to the free
and unlimited coinage of the worlds sill
yer, when congress has passed law maxi
ing our silver legal tender for all debts
public and private, when we have Mexican
tired our dollars. the man who will then be
the man who will then be reccv-
ing salary. will not know until pay day
the real value OF the dollar he Is TO receive.
-'What Is the free coinage of silver? There
are many people in this country who act
ually believe that under free coinage our
mint will be a sort Of government thrCsh-
Ing machine: that the mine owners will
feed their bullion into the front end. while
the people stand around the other end of
the machine, and the dollars run out into
their pockets. Such is not the case Ofall
the bullion that will be brought to our
mints. not one dollar will so into the treas
ury OF the United States We, the people.
VIII pay all inc eAptiiScS Oh running lne
and the same men who feed the
bullion into one end will hold the bag into
which the dollars fall at the other.
Who VIII Own the Money?
"You may open our mints to tho free
and unlimited coinage Of silver until tie
mine owners of the world with the dol
lars We coin can build a pyramid whose
apex reaches to the eternal stars, and
when II Is budcd and CoTplctc there is not
one man in the United States who can take
Just ono dollar from that pile, unless he has
leo cents worth of labor, or the product of
la Dor to give in exchange: and whenever
a man In this country has an opportunity
to exchange his labor or his products for
money. he ouiet 10 insist upon receiving
n payment az best dollar that the civ
Lized world affords.
IF there is benefit in free coinage, who
will receive it? Is there a man in the state
of Illinois who has piece of silver bull
lion as large as my fist to present at our
mint to have coined at twice its real value?
Not q man. Who are the men that benefit
by free coinage? First. the silver mine
owners of the United States. The silver
mines OF the United States are ali. or near
ly all, represented by mining stocks, a
great proportion of which have been sold
abroad. The silver mines Of other coun-