The San Francisco call., 1896-08-25

product exported was 132, 1854 900 bushels, or
a little less than 4 per cent of the total
product annually, and more than Sc per cent
was consumed at home. The great bulk was
consumed by your fellow-citizcns, your own
natural consumers and customers. In 1892
we exported $1.420,O00 worth OF agricultural
products. In 1896, the first two years un-
der the Democratic tariff law, we exported
81, ,124 900 worth. We exported, therefore,
1896, 900 less i'll the two years under the DEM
ocratic tariff law than in the two years under
the Republican tariff law. Depression has
always followed low tariff legislation. 1t was
so after the tariff of 1S46, and it has been so
under the tariff of 1894. [Applause.l
Can the farmer be helped by free coinage OF
silver? [Cries of "No, no.''l No, forever no,
my fell ow-eitizens. [Cries of 'Hurrah for Nc
Kinley.'l He cannot be helped because if the
nominal price of grain was to rise to an infia-
ton of the currency the price of everything
else would rise also. and the farmer would be
relatively no better off than he was before.
[Cries of ''That's right, Major."1 He would not
get any more real value for his grain than he
gets now and would suffer from the general
Generalization which would follow the free
coinage of silver. You cannot help the farmer
by more coinage of silver. He can only be
helped by more consumers for his products.
You cannot help him by free trade; but, as 1
by the free introduction of competing products
into this country. Better a thousand times
enlarge the markets for American products
than to enlarge the mints for the silver product
of the world. Tremendous applause and cries
of "You are right.'1
You might just as well understand that you
cannot increase the value of anything by di-
minlshing the measure OF the value with
which the thing is sold or exchanged. [Great
oh inc n nria NJ
If you can increase the value by lowering the
measure of value and you want to benefit the
farmer then make the bushel smaller, the
pound lighter, and declare a legal dozen less
than twelve. [Great laughter.l The home
market is the best friend of the far
mer. 1t is his best market 1t is his
only reliable market. He should be pro.
tected in its enjoyment by wise tariff legisla-
tion and this home market should not be per-
mitted to be destroyed by lessening the de.
mand for American labor and diminishing the
pay of American workmen, ana thereby dimin-
ishing the demand for agricultural products.
[Applause.l
The sugar industry should be cultivated and
encouraged in the United States. Diversity
the products of agriculture and thus you will
have an additional employment for your land.
The only way to help the farmer is to increase
the demand for his farm products This can
and by extending our markets, which we did
in 1893-94 under the reciprocity provisions of
the tariff law of 1890. [Great cheeringl The
best consumers for the American products are
those al home. They consume eighteen times
as much CT the products of the American farm
as the foreign consumer. Free silver will not
cure over-production nor under-production.
[Laughter.l Free silver will not remove the
competition of Russia, India and the Argen-
tine Republic. This competition would re-
main if you coin all the silver in the world.
Free silver will not increase the demand for
your wheat or make a single new consumer.
You don't get consumers through the mints.
[Great laughter and cries of mo, no."1 You
get them through the factories. [Cries of
"That's right"1 You Will not get them by in
creasing the circulation of money in the
United States; you will only get them by in
creasing the manufacturing establishments in
the United States. Tremendous cheering.l
"Plant the factory by the farm" said Jackson,
and that is as wise now when the hero of
New Orleans said it years ago. The best thing
now is for the farmer to have factory for his
nelghbor. Laughter and applause.l It would
be better to have factory alongside of you
than to have another farm alongside of you.
daughter and cries OF "Yes.'l In 1892, when
free trade was the battle-cry of our opponents,
it Was said then that the farmers would follow
this heresy, but it was not so; it was the cities
which followed the free-trade heresy. The
country voted for protection. So this year the
farmers will vote against free trade and free sill
yer. They will vote for home market and for
dollar as good as gold in every mart and
market of the world. [Great cheering.l