The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-10-04

f.r
people spontaneously.
Let me say that for the people Of
Nebraska. we are in favor OF tax
er, but we are not willing to carry
that tax to the point of enriching the
few. The Republican party has too
long deceived the people upon the sub
]ect of tariff We have had good times
under high tariff and low tariff and
vice versa. But you would suppose
from the speeches Of orators ION the
other side that we We're operating I'M
der free trade today .4- -sl, a..
The speaker then reviewed the diff
terence between the price of certain ar
ticles under the, Mckinley and Wilson
bills. The people, he said, demanded
more money to- meet this Increased
burden of tax which the restoration of
the Mckinley bill would bring about.
Continuing he said:
AS Populist r do not care what
the color of the money of the nation
provided there is enough of it to pay
depts. am perfectly willing to aban-
don greenbacks and silver if we can
get gold enough to run the business of
the nation. The gold output of the
United States in 1895 was ONLY $40 mn
900, one-half of which was consumed
In the use OF the arts, leaving a trife
more than 80 cents per CAPITA TO he
distributed among the people as money.
We cannot do business with contract
ed currency. We must have money
and II we cannot make money from our
own gold, the only remedy is to bor
row, py the issuance of bonds. And that
IS what Mr.. Cleveland has been doing
Not long ago John Sherman said there
was certain unsecured debt of the
nation which must be paid, and the
only way to meet it was to issue bonds
wall street so manipulated the money
market that the bonds were issued Of
necessity. Mr.. Cleveland authorized
the issuance of 1854 ,000, 900 of such
bonds payable in gold The RenubIi
cans were as much to blame as the
Democrats. Under the last year of
Mr.. Harrison's administration the Nc
kinley act failed to provide a revenue
suihclent to pay the expenses of the
government. The deficit in that wear
was more than $14 ,00O, 900. L report This
only to show that the Republicans were
sowing the wind, leaving the Demo-
Gratis when they came into power to
reap the whirlwind When Harrison
went into office he, found in the treas
ury 11S.000 900 of free money-I don't
mean the gold reserve, but money free
for the payment of debts. When he
the money power, purchasers of bonds
more than s33, 900, O00 The Repub
licans had prepared for the issu-
ance of three per cent bonds when Mr.
Cleveland was elected in 1892. 1t was
fortunate for the Harrison administers
ton that it went out of power when It
did. 1t escaped the odium of bond
issuance that has since attended Cleve-
lands administration. McKiniey's bill
n 10 Ro;o
run the country. Mr.. Cleveland was
Obliged to carry out the. plan laid down
by Harrison to maintain the gold
standard, so that every gold gambler
who wanted to speculate on the mis-
fortunes of the country might do so.
The moment the Harrison administra-
ton yielded to the opportunities Of the
money power to maintain the gold
standard, that moment the treasury
was thrown open to be looted. The
gold bugs cannot rid themselves of the
idea that the gold power is the country.
Cleveland hopes to see Mckinley. elect
ed, though 1t is true he will vote for
Palmer and Buckner, the two decoy
ducks put up by the National Demo-
Gratis. These old gentlemen do not ex-
pect to be elected-they are merely to
catch suckers with.
Il assume then that there is not
gold enough in the country 20 do bust
ness with. The suggestion made by
the gold bugs that the issuance ofImoney
be turned over to the banking inter
ests. is just as illegal as it would be
to turn over the legislatures and the
supreme court to the control of cor
porations. Yet we are told sthes wise
thing to do is to turn our money af
fairs over to tie control OF n few prf-
yate,a individuals. I do not attack
hanks, but there is e difference be
tween the legitimate business of a
bank, and Issuance Of the money of a