Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1896-10-30
FREE COINAGE IS DISHONEST
Reputation Cannot Be Excused in q
Great Nation,
HENRY YATES ON THE MONEY ISSUE
wage Farmers vitality Interested Re.
cause They own Millions of
Money In savings and
Government BUnds

The final meeting Of tho scandinavian
American Republican club before the eIcc.
tion was held last night in Patterson hal.
There was large audience present T. en-.
thuse the three speakers who made adj
dresses, Henry w. Yates, Attorney General
Churchill ald George II. Burchard In addi-
ton to the speeches the audience was fur
Their entertained with selections from the
Swedish Military band and by an original
campaign song by +. II. Lester
In calling the meeting to order President
Johnson stated that the Scandinavians OF
the city were almost solidly In line for Me
kinley and the remainder Of the republican
ticket He said that a canvass showed that
Of the 5000 Scandinavians who reside In the
city but $50 were doubtful or intended to
cast their ballots for the popocratc prcsi-
Dental candidate.
Henry W. Yates was introduced as the
first and principal speaker OF the evening.
In opening his remarks Mir. Yates made
brief defense OF himself as the representa-
tive OF the class which Bryan has been as
sailing in his cndeavor to arouse a conflict
between capital and labor. "As a rule bank
crs were not capitalists inasmuch as the
money they employed was not their own
but that OF depositcrs' He also maintained
that there could be 10 conflict between
capital and labor rs the two must neces-
sarily be cocXistcnt
Turning then more directly to the financial
question MIR. Yates denounced the dishcn-
,esty Of the silver platform. Payment Of
debts in deprecated coin by individuals
might be forgiven IL they were burdened
with debt and could not pay in honest
money. but national reputation could not
be excused In the first case only the
debtor was injured. but in the latter every
ma in hn Ngae hes m rph cd
He showed that the wage Carners in real
ity were the capitalists OF the country, as
they had in savings banks Sl,S5O, 600. 900.
Moreover they were the owners and holders
of S125, 900 600 of the $685. 600 900 bends which
the government owned
Mr.. Yates further overthrew Bryan's
serti,n that the gold dollar was a 2O0-cCnt
dollar and that If 1t were cut down to its
proper level the employment in the country
would be doubled. The speaker showed that
as matter Of fact capitalists were afraid
OF investing their gold for fear their re-
turns would be in deprecated coin, and that
therefore, employment was scarce. Conf
dence being restored the money would again
be invested and employment offered. Under
free coinage the gold would be entirely
Withdrawn and thus free silver would bring
less employment than at present.
In conclusion Mr.. Yates stated that for
the first time In his life he intended to
vote for 2 republican president, and in addi-
ton proposed TO vote the entire republican
ticket. from electors to constable. He ad
visod his hearers to do the same without
scratching a name. in order to root up the
free silver fallacy entirely and forever.
The other speakers of the evening were
4. S. Churchill and George II. Burchard
who devoted themselves to a general dis
cusson Of the political issues without CON
fining themselves to the financial question
a