New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-24
FATRCHILD TO THE TRAVELLERS.
THE EX-SECRETARY ANSWERS SOME or
THE POPOCRATIC TALK ABOUT WEST
ERN FARM MORTGAGES

THE POPOCRATIC TALK ABOUT WEST
ERN FARM MORTGAGES.
The non-partisan character of the Commercial
Travellers Sound Money League was demonstrated
yesterday when ex-Secretary Charles 5. Fairchild
spoke at the meeting at Broadway and Prnce-st
10 crowd OF from $500 to 5000 people. This Is
practically the first speech that Mr. Fairchild has
made this campaign, and at least twothirds of his
audience was made UP of Sound Money Democrats
His speech listened 10 with marked attention.
and at its close the crowd cheered for several min
utes.
Mr.. Farchid dealt at some length with the ques-
ton Of legal tender, and showed that the mere fiat
Of the Government could not add TO the value OF
any metal coined Then he turned his attention TO
the Popocratic cry over Western farm mortgages
and said:
When in tina, part Of The The Go"ny much
of the Western farmer-that the East was Cypress
s s%k en- 4s Of s
that in the days when the price Of grain was high
often enabled the farmer TO live without labor dur
ing most of the year, and in luxury. But now con-
brought all the grain producing countries of the
world in sharp competition. each one with the
ment. has induced large immigration and great de-
velopment Of agriculture in this country.wiith the
The Manufacturers Record" Of Baltimore that
tion in this country in excess of what would have
been under cultivation had there been the same
eoy IL that PER in IN ' of
what would have been produced with the same
the cost Of Transportation from Chicago to New
York was 20 cents bushel less in 1895 than thirty
years ago. A prudent would. I'm 1860 and 1870
have realized that the great profits then derived
land Available for the purpose was brought into
use. And yet these very men permitted reprssen,
people with savings In other parts OF the country
TO lend their money upon the security of these
lands. Now. who was primarily responsible II there
mistake In those representations-those at
distance or those who Were on The spot engaged
the future better than people In other parts OF the
And who were the people who believed those repre-
sensations? VINO were the people who invested their
the closing up OF one Of the great Western farm
mortgage companies have seen hundreds Of the
wEngland who held those mortgages: and in but
one or two instances have found them held by any
letters pathetic the last degree-one from seam
stress IN New England VINO htia ner all III one o,
money stitch BY stitch" Another a laundress in
tub. And 50 of hundreds Of thousands of others.
have great sympathy for the hardships OF the West
woman in New-Engand and for mat laundress in
Philadelphia. and for the thousands OF other women
But. further have we Of New-Y NOTHING to say
this subject OF mortgage Indebtedness? Are we
we owe no mortgage indebtedness in the State Of
last census Of ali the mortgage indebtedness in the
whole country. p cent was in the State OF New
gage Indebtedness. has no, the State Of New-York
a right to be heardthe State that owes more than
these mortgages of ours held? Go with
east Of the Bowery. look at those tall buildings with
them Do these buildings belong to those people who
going in and out? No, they belong. as rule. TO
them have mortgages upon them And who owns
passing out Of that crowded East side to our savings
banks certain days Of the week. and YOU Will see
The people who own those mortgages. They are the
W them.
them. Now go with me down Broadway and into
our great once Buildings are situated and you will
find many OF them covered by these mortgages which
debt of the country owed in this STATE.
And then 90 with me, TO the great Insurance
mortgages as well belong in large measure TO
that teemng population on the East Side We DO
the value OF any one OF these hundreds OF mort
ga; on,v we because ao Of The Injustice 10 those
vast numbers OF people who hays have trusted IN the
ment. but also because of the millions Of peopc,
yet 10 come. to whose pr3sperity the credit OF
The Naaon Is Of ines,imable Importance. in order
h he' savings Of the community and carry on great
businesses and promote great enterprises
thought that we do live in this Imperial state Of
New-York Proud. indeed. we may be Of her.
trv. for her interests are bound up in the pros
peri,y OF every other part OF the country We
hamlet prosperpus We would do this, II for no
other rea son from selfish motives because
know that their prosperity returns and adds TO
ours We are not enemy's country 10 those
feIlow-citzens az ours when they come here. Yet.
I'm a sense we are enemies We arc enemies OF all
that which shall seek to destroy our credit: We
are the enemies OF all that which shall seek TO
rob our people Of their savings; we are enemies
10 everything that will cast dishonor upon the fair
name OF our country enemies. indeed, are we In
this sense and enemies with mower and pur-
pose which the promoters OF the Chicago Conven-
ton will realize the day after election when
they come to count the hundreds OF thousands of
votes which shall cast against them and their
doctrines.
George F. Won Kotntz also spoke Like ex-Sec-
rotary Farchid. Mr. Won Kotnitz Is n Democrat.
His home is in Charleston. &. G, and he has rep
resented his district in the State Legislature sew
eral times a Democrat. He a delegate TO
tho Constitutional Conve 1tion which recently
held In his State He gave his reasons yesterday
FOR supporting the Republican ticket briefly and
tersey He said that free silver meant the ruin
OF the business interests OF the South. and was a
stab the vitals OF tho commercial prosperity OF
the Nation. -
rohn Ford Of this city. Senator Ford will devote
bfs entire speech to the tariff subject Judge
Isaac w Lansing. Of Lincoln Neb.. the home OF
Rryan will tell some wholesome truths about the
Popocratc candidate.
THE BIGGEST NKINLEY FLAG YET