Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1896-10-16

and dishonest men. I wonder how he
likes to take his own medicine? APP
plause.
! WHAT Is DEBASED MONEY
And what is deprecated money? I
may be standing alone in my explana-
ton OF what debased and deprecated
money is, but do not care if I am.
don't take my opinions from poll
ticians nor from the dead. l follow
where my reason leads-conscience is
my God. The United States is my
country and to deal fair is my religion.
| lApplause.]
will tell you what l call debased
money. Let us go back in history q
little-back during the feudal ages a
thousand years ago-they had gold
and silver coins. When the Feudal
Lords got hard up and they had one
hundred Thousand units or dollars
and they felt they were going to run
out of money, the King would take
his money and recoin it and introduce
into the coins base metal-lead, cop
per or some cheap metal-tben he
would make out OF that 100000,
$l5O,OOO or 100000 by introducing
the base metal into the coin to make
more money out Of it. That is what
l call debasing money. And it was
| debased money because it did not
comply with the requirements of the
law. 1t was not what it represented
itself to be. 1t was a lie upon the
face OF it. We propose to coin silver
at the legal ratio of 16 to l according
to the laws OF the United States and
every dollar will be an honest dollar
because it will contain everything
that the law says it shall contain.
lApplause.l There is q difference be-
tween debased coin and deprecated
coin. When you cannot buy 90 much
with your money then money has de-
preciated.
Before the sheep raisers of Harrison
county Ohio, Mr.. Mckinley in his
speech said that in 1891 wool was
worth 81 cents pound and in 1896 it
was only worth ii cents pound,
Now he says, if you want to get 80 cts.
again for your wool you will have to
get it by protection. Now he pro-
posed to depreciate money and he is
going to make it possible for a man to
buy a pound of wool for IA or Is cents.
He is going to decrease the price of
money and that will be deprecated
currency. Debased mowey is a coum-
terteit. Debased money is dishonest
money, money that is not up to the
legal requirements. 1t is money that
contains debased metal. Deprecated
currency is currency where the cir
culating medium is large and the
purchasing power of the money is de-
creased from what it used to be. A
deprecated money will not buy so
much. A laborer gets more for his
work and the farmer gets more for his
produce and the bond holder and the
man who lives upon the hire of his
money cannot buy 80 much with his
money. We must have one of two
things. And you either have de-
precaated money or deprecated labor.
Now do you want cheap dollar or do
you want cheap labor? Which do you
want? If you have small circulating
medium you will have dear money
and cheap labor. You m ust depreciate
one or the other. The most sacred
thing in this country for the laws to
protect, and we must make laws to
protect it, is labor. (Applause) The
laborers are the wealth producers OF the
country and must be protected. Gap
plause.)
THEIR INTEREST IN THE POOR MAN.
We hear a great deal about the poor
man. The poor man seems to be q
kind OF q nightmare for these fellows.
They seem to want to make q great
sacrifice for him. / can see the great
crocodile tears rolling down Mark
Hsnna's cheeks for fear the wages of
his men will be lowered when Bryan
is President. Laughter.l
And now when the gold men 20 to
the working men and ask for their
support, and the working men ask
what claim they have on them they
answer, Why, God bless your souls !
didn't we make you poor ?"
Their interest in the poor man re-
minds me OF little story. A man
fought duel and killing his antag-
onist who WAS married man, he went
to the widow and asked for her hand in
marriage. She very Indignantly an
dignantly answered: "WhAt claims
have you upon my affections?" "Why.n
said he, "God bless your soul, didn't 1
make you widow?"
But there is another terrible thing
that is going to happen in this coun-
try when Bryan is President. Ap-
plsuse.l This country is going to be
the dumping ground of the ,corld for
all the silver that is produced on this
planet. lApplause.] We are going to
get it all. We will not have room to
store it, it will come 50 fast. rAp.
plause.l If a man comes to this coun-
try with large amount of silver bul.
lion and has it coined into silver dol.
lars, what is he going to do with it?
II he does anything in the world with
1t he will buy our commodities, and
that would be terrible hardship for
US, would it not? But you might saw.
He will deposit it in the banks" If
he does that the banks will have some
money to loan, and they haven't any
now. !Cheers. They might put out
something beside the paper money
they so much despise. Where is ali
that silver going to come from? Sill.
yer Is the money OF the world. No
nation, no matter whether rich or
poor, but depends upon silver for its
money. Silver is in the pockets of all
the people OF the earth.
SILVER CONSTITUTES THE MONEY OF THE
WORLD
And there is no nation on the face of
the earth today that has any more
silver than they need. 1t pays street
car fare, it pays the hired man, the
servant girl, pays your rent, and it is
the money of all the small transac tions
throughout the entire world. 1t is the
money OF the poor man because many
OF them never get more than a dollar
or two ahead and if there was no
money but gold in the world they
would never get a five dollar gold |