The climax. [volume] (Richmond, Madison County, Ky.) 1887-1897, 1896-08-12


which was provided In the open light of
DAY, not law that silver should not be
taken, but an act of sorae 90 or 20 sections
In which was hidden away provision that
hereafter gold was to be the legal money
OF the United States. But II was not strick-
en- down then alone Il was a long time
before the American people knew II; and
In 1873 a republican congress and senata >
alike passed by a majority and then passed
by two-thirds majority over the presi-
dents veto. an act providing that from
S2,0O0.000 10 100000 per month should be
coined. Neither was that the end. In 1890
another act was passed which provided
that silver should be taken and silver GER
tificates issued in their place.
I'VE have heard O good deol of what is
called bogus patriotism from this plat
form. and you will hear IT more and more
as this campaign progresses. think that
man Is the best patriot that loves all the
people OF his country, not alone the strong
and the powerful, but the struggling and
the weak, the producer a5 we'll as the con-
sumet We have been told that II Is A
proud thing for an American citizen to
take dollar in his hand and give Il 10
England, Germany and France md find
that that dollar is worth 100 cents Yes,
sir; II is proud thing, indeed. II might
be prouder thing to take that dollar In
your hand and go there, as you do to-day,
and find that dollar was worth go cents.
VI Is Ill rlRnt, OUT
IT has coet the sweat and the blood of mil
lions OF American people.
Punctuation In Values
''1h one breath Senator Thurston told
you that the reconciliation of silver would
not raise the price Of wheat and IN the
next that IL would make 80 cents dollar,
and do not see how the two statements
con go together. Let US look at those
two statements together as q matter Of
I'LL ,tNNT
and over again that a dollar means q gold
dollar. This is not true. a dollar has
meant gold dollar or silver dollar alike.
1t is claimed that a dollar should be worth
only q dollar; that you cannot measure
everything in O dollar. but should measure
II in a gold and silver dollar. They assume
that gold has fuctuated, and that there
fore the silver dollar is worth only 50 cents
to-day. Now. let us see. How Will you de-
tcrmine whether gold fluctuates or not &?
II you say q grains of gold is dollar, then
II does not fiuctuate. But you can tell
whether % grains OF gold fiuctuates by
measuring that q grains Of gold In wheat,
in oats. In cheese, in labor. in land. in sill
yer or in other commodities of the earth
The history of the world, not only du:-
ing the last ten years. but during the last
hundred years, shows that silver has fluc-
tuated as little and probably less in value
than gold. The production of gold In the
last 20 years has been as much or moro
than the production OF silver, in dollars
measured at sixteen to one, all over the
world The production of silver I'm the past
has never outrun the production of gold,
and when silver was stricken down arI
when one-haif the worlds money was
bound to do all the worlds work. there
could be no other result than that one
half should greatly increase IN value, and
that is what 1t did. In striking down Sill
yer and compelling gold TO do the WORK
alone you nearly doubled the purchasing
power of gold, and you provided by an I'M
righteous and unholy contract, conceived
by men with interested motives, You con-
tracted that every man who owes dollars
worth Of debts bring two dollars to pay
them with.
1--WE are not here asking you TO repudiate.
We say to you that the dollars in which
the Obligations were made are good enough
for the creditor TO take. We say to you
that at this price these bonds and mort
cages and debts were purchased; we VIII
pay that price. You may take your pound
OF flesh, but IN the name OF American IN
dependence and manhood you must not
shed q drop OF blood.
Mexican Dollars Worth.
I'VE have heard some talk of the Mexican
dollar The Mexican dollar is worth less
than the Ametr,n dollar anf-i' does CO
tain more silver, and that is the 1niQu!ty -.
actly as II is. The value Of thing depends
on its use. II corn were q fixed quantity
like silver, and the people would resolve
not to feed corn TO horses, but only to cat
tie, II would be worth less because the
market would be less. Money being fixed
quantity. silver being fixed quantity, when
the nations of the earth conspire to debase
II II could not help being worth less and
is worth less than gold to-day. But the
difference has come about In two ways;
by the depreciation of SILVER and tho appre-
citation of gold both alike. our silver dol
lars to-day are payable in gold. and that is
the reason they are worth 100 cents. lap
plsuse, cheers and Iaugh.cr.l The blindest
peIson is he who sees half truth or orc
side OF it. Laughter. That is all you peo-
ole have seen on that question.
Now I Will say il again. and / WILL not
say Il, but viii explain 1t in q kindergarten
way, If can. Laughter and applause
The reason an American silver dollar is
worth a dollar In gold is because II is re-
deematle In gold Now the silver man who
knows his business admits that the same
as q gold man. But that is not all he knows;
that is the difference. The reason MeNi-
can silver dollar is not worth as much as
an American gold dollar is because II IL
redeemabe In gold. The decentralization
of silver made gold o'ill:on worth more; II
made silver bullion W Drth less. There Is
no question about that. The remonetiza-
ton Of silver would make silver bullion
worth more and gold bullion worth less.
II you use silver AS money then gold VIII
not be worth as much, because IL won't
have to % as much york.
we are raising our crops year after year.
We are sending these crops to England to
be paid in gold and we Camp; raise emo ugh
wheat and pork and cheese TO send there 10
pay them. By and by, il this policy is
pursued, IL we continue to increase the
Indebtedness of the American people, IL we
continue to sell bonds in tirle of peace, II
We continue to pay In gold what we con-
tracted for in silver. II we continue q policy
which gives 20 cents for dollars worth
OF wheat, the Englishman will some over
and collect his interest from America the
same as he does from the Egyptians, with
the cannon and the sword. Applause and
hisses.l
Il insist that II the monarchIcal govern
ment OF Europe shall have a right TO make
fiscal system for US. II they shall have the
right to meet together and il the peers o,
the realm, the privileged classes, who never
knew what an honest days work was, who
lived on the people for generations
shall have the right to legislate for US
then our voices should be heard IN Their
legislative halls" TApplausel