The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-08-12


Today the one great promise Is that
the man who Is IN debt can pay hts indebt-
edness at half price. Stop and think. you
men who owe $1,000 on your farm or on
your house, when it = due. Your mortgage
- from two to three to f1s-- years. The
mortgage OF the ordinary man In this
country Is coming due In two or three
years. When that mortgage comes due
free silver Is coined and the mine owners
have built a pile of American dollars until
Its apex reaches the eternal stars. When,
that mans mortgagesis due how can he
get $1.00 out of that pile? How viii he get
1000 out of that pile? He can only get
1t the same way he gets 1t now. He can
only get it from the opportunity to get 1t.
The mortgages of this country cannot
pay for their mortgages in a day.
In his letter to Mr.. Burrows, in July,
1892 Mr.. Thurston spoke OF tho oppression
OF the debtor by the appreciating gold
Standard
Every debtor must work harder to sell
more property to meet his obligations
than he otherwise would.
At such times, too, the millionaire gam
blers on Wall street can SO corner all
the cash in sight as to jeapordise the credit
of everybody else.
A stringent money market closes many
shop door and robs thousands OF honest
men OF an opportunity to earn their daily
bread. It fosters combinations and trusts.
1t destroys competition. 1t makes the rich
richer and the poor poorer.
On the othe hand, with plenty Of money
In circulation, the interest rate falls, debts
can be more easily paid. credit is restored.
trade revives.. manufactures increase.
communities flourish and labor Is in de-
mand. All this happens without injury
to anyone.
1 ASSERT THAT THE AMERICAN
PEOPLE, AND ESPECIALLY THOSE
OF THE WEST. DEMAND THE FREE
A n M A N ~ m q RI
YER.
Senator Thurston will picture tonight
how free coinage win drive gold to pre-
MUM, and how the single gold standard
will lbenefit labor.
1t is only a short time since Mr. Thurs
ton wrote:
My present position is quite fully set
forth in letter addressed by me to George
Gunton, editor of Social Economist, New
York city, on July Z, 1893. a copy Of which
I hereto attach.
1t is Better that we should, If necessary,
buy gold at premium to settle our for
eign balances with than that the Ameri-
can people should be compelled to pay
higher prices in human labor and human
endeavor for dollar because Of the adop-
ton of the single gold standard. IF THE
UNITED STATES OPENS ITS PORTS
TO THE MANUFACTURED PRODUCES
OF CHEAP LABOR ABROAD AND
SUBMITS TO THE DICTATION OF
THE GOLD MEN OF EUROPE. GOD
PITY THE LABORERS, MECHANICS
AND PRODUCERS OF AMERICA.
Senator Thurston will tonight eulogize
the project to take the currency issue
from the American people and put it
safely on ice in an international COM
mission on the other side of the ocean.
In his interview in the Omaha World
Herald Mr hrr co
so FAR AS I AM CONCERNED,
THINK ONLY DISAGREE WITH
SUCH REPUBLICANS AS EX-PRESI-
DENT HARRISON UPON THE CUES
TION AS TO WHAT STEPS OUGHT TO
BE FIRST INSTITUTED TO BRING
THE USE OF BOTH GOLD AND Sill
YER. HE BELIEVES THAT 1T MUST
BE DONE THROUGH A MONETARY
CONFERENCE WITH. THE GREAT
COMMERCIAL POWERS. IN MY
JUDGMENT THE UNITED STATES
CAN SAFELY TAKE THE INITIAT-
I'VE BY PROVIDING FOR HE COIN
AGE OF ITS OWN SILVER, AND
BELIEVE THAT SUCH ACTION ON
ITS PART WOULD, WITHIN A COM
PARATIvELY SHORT TIME, DRIVE
THE OTHER GREAT COUNTRIES OF
THE WORLD TO SIMILAR ACTION,
AND SPEEDILY PAVE THE WAY
FOR A MONETARY CONFERENCE,
WHICH WOULD ESTABLISH GOLD
AND SILVER AS THE MONEY OF
THE WORLD AND FIX THE RATIO
FOR. GENERATIONS TO COME.
In his speech tonight Senator Thurston
will eulogize the single gold standard and
denounce bimetallism. But in addressing
the state legislature, which elected him
to the senate, he said, in 1895:
I AM IN FAVOR OF AMERICAN b.
METALLISM, AND IN THIS THE
UNITED STATES SHOULD LEAD THE
WORLD.
My position upon the American silver
question has been thoroughly understood
by the people Of the state, and I ACCEPT
MY ELECTION BY THE CITED VOTE
OF THE GREAT REPUBLICAN MA
JORITY IN THE LEGISLATURE AS AN
ENDORSEMENT OF MY ANTE-ELEC-
TON DECLARATION IN FAVOR OF
COMING THE AMERICAN PRODUCT
OF GOLD AND SILVER INTO HONEST
DOLLARS. To those who fear the effect
of the American silver coinage, have this
to say: WE ARE NOT REALIZING FL
NANCIAL PROSPERITY UNDER Elk
ISTING GOLD MONOMETALLISM,
AND 1T rs WORTH OUR WHILE TO
TRY THE EXPERIMENT OF A RE-
TURN TO BIMEALLISM.