The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1896-09-09

to America in a steady stream until the
dam of silver checked the tide. The out
ward flow to Europe has come from the
pressure of the cheap and poorer silver.
When the agitation for cheaper dollar,
disable only at home. useless In foreign
commerce, shall subside. history will re-
peat itself and gold, 1.-THE current money
of..the merchant, Twill come here to meet
the merchants needs.
THE DOLLAR THAT LIMPS
with the orutches of legislation is out
footed on the highway Of commerce by
the dollar created by the laws Of trade.
But the exchanges of commerce must
be carried on with the money of COM
MERGE.
by international trade. The highways
of the sea are beyond the domain of law.
There bullion value is the basis. Gold
bars and gold coin, weighed not counted,
are the standard. In every port, in eve
ry CLINE, international currency is made
up of foreign bills of exchange drawn
on London and payable in gold. Appeals
to the spirit of rs and TRADES against
the crowned heads Of Europe-none of
whom are engaged in foreign. trade-will
never change the customs of the mer-
chants of the world. England is cashier
because for eighty years she has shown
no disposition to rob the banks. Her
great rival is America. We can never
supplant her by expslling from our bust
ness the standard used in foreign trade.
Mind you that standard is dependent
on no law. There never has been. there
never can be, a double standard in bills
OF exchange. When even England lad
the double standard, gold was the basis
of that great international currency
created by the buyers and sellers in
foreign trade. There the better metal
must reign supreme. The servile de-
pendence that troubles Mr.. Bryan can
never come, SO long as America stands
up man fashion and fights with the
by right. the financial supremacy of the
world. To shift to the silver standard Is
to play into England's hands and cow
ardly leave the fight.
Free coinage by this country alone is
dream. 1t America were isolated from
other nations, If expanding industry re-
CURED no foreign market for its surplus,
card the money of commerce. The
hope of America is in the extension of
her foreign trade. We have the coal, the
iron. the cotton, the farms, the I'M
chained water power, the brain, the
Drawn to be mistress of the seas. We
have an ocean frontage that receives the
homage of the rising and setting sun.
The Author of the Universe ''has permit.
ted tho seas to separate the pations, but
He has forbidden that the seas should
disunite Them" Commerce mooks at
your boundary lines. Law shrinks and
shivers with every rising of the tide.
The commerce of the world and the laws
of the United States have a different
geography. 10 win the commerce of the
world, cling to the money of the world.
We tread with bleeding feet the road
trodden by every nation forced by choice
or necessity to the use of fat money
The era of the civil war will never be
closed until the last vestige of fatism
has disappeared from politics. The his
tory OF over-valued statute money has
never varied-an increase of present
prices. fictitious prosperity, an expan-
sion Of credit, an excess of enterprise,
until trade and commerce are diseased
when confidence Is destroyed, followed
by distress and the
CLAMOR OF NOISY POLITICIANS
for more and cheaper money. No ina
tion ever went from fiatism to the natu-
raj currency of the world without dis
tress. 1t has always been a question of
courage From '76 to '79 the Repub-
lican party appealed to the courage of
the American people and the appeal
was not In vain. Through sore distress
we hoped and prayed-and prayed and
hoped for resumption. We fought the
samet Issue, then as now. We heard the
OF the American people stood the test
then. as it will now. For twelve full
years. "Content sat basking on the cheek
OF toll, +" until the car of progress was
derailed by Democracy. For four long
weary years America has waited for the
triumph of Gods best gift TO the civiliza-
tion OF the ninetsenth century the Re-
has never broken faith with the Ameri-
can people. In it's lusty youth it stood
for nation g life. In its manhood it
stands for nations honor. Square
shouldered and erect, eyes to the front.
hearing naught save the bugle oall to
duty, its columns swing to victory.
Mr.. Heath's remarks were frequently
and loudly applauded. His references
to Mr.. Reed and Mr.. Black were the
signals of loud applause.
MR. REEDS SPEECH.
The Introduction of Speaker Reed was
the signal for an outbursr of tumultu-
cuc HSAoA 2o1eA"hhs UAOA 4QlOt was T6-
stored Mr.. Reed began by saying that if
there be any place where the wicked
cease from troubling and weary are at
rest, that place Is not in the politics of
the United States. daughter and ap-
plause.) This was to be interpreted, not
that there were many of those who
were maliciously wicked, but that there
wele many Of those who, not knowing
how to do, went on as ifItheyEdid.
This was the reason for the disoourag :
ing features of this time. We might
have spent this campaign in going ahead
but such was not to BIS the case. No
shepherd having the care of flock
would spend his time reading book on
sheep husbandry when the wolf had brok-
en- into the fold. The shepherds first
duty il to attend to the wolf. Applause.
Then he may perfect himself as shep-
herd.
We may try as parties to stake our
selves off into separate bodies of mon but
every a1action ehapuoo thio aNunr,.,s