The herald., 1896-11-02
: TO THE EDITOR
SAAAAAA&AAAA&AAA&AAAAAAAA
TOM REEDS LOGIC"

4OM ItEED . LOGlS.
Editor Herald: I take the liberty of
sending the following extracts from the
speech recently made by that wise man
from the east Tom B. Reed, in this city,
with the request that you reprint them,
In order to give the people of this sec
tion an example of the so-called logic
which the Sound" money takers are
dealing in:
I'VE have been dallying and doddling
with the silver question for years. but
we have had now full, free and frank
/ discussion Of it, and it is astonishing
how little there Is in it. They tell US
that II we can get lot more money we
will have more business. If we can get
lot more capital tell you we will have
more business. Capital is one thing, and
| money in a certain sense is another.
Money is only capital when used for 81
particular purpose. What is it for?
Simply to transfer goods and real estate
from one person to another-that is the
sole use of it. Now when we have got
enough for that purpose all the rest Of
it Is dead waste. Money is trans
ferer of property, just the same as hay
racks are transferers of hay. In short,
superhuouS amount OF hay racks would
Tot increase the crop of hay. On my
Judgment it would not require a large
amount of hay racks to carry all the
standard here.) What DO you people
want? (Answer-Gold.) I will tell you
what you want; what you want is not
reputation, but the right to borrow
something. What you want is a chance
to borrow. The amount of money a
man borrowS indicates the amount of
courage and sense he has, and shows
how much he has got ahead. II a man
wanted to borrow ten dollars Of any
of you and came to you and said he
was going to GO his best
to pass law to pay you back
five dollars and call it quits, would you
lend him the ten dollars?
Now, my ten-dollar friend. don't you
think a man with one hundred dollars
has got more sense than you have?
Don't you think man with thousand
dollars has got still more sense? How
are you going to borrow thousand dol
lars of man by promising to pay him
back five hundred dollars. You are'say
ing to the whole world, we are strug-
Cling to elect a, man and party to the
head of this nation which will endeavor
to deprive you of onehalf what you
lend me. (Shame or you, Tom)"
Reed defines the standard silver dol
lar thus: Fifty cents worth of silver
and fifty cents worth of honor is what
makes it wortha dollar. Brother But
of Ohio says Grdicating) what makes
that dollar worth 100 cents is that it
KNOWS that its redeemer liveth. Ther
comes Mr.. Fitch of Arizona, with his
wit. sarcasm and singing satire, and
tells the people that it is within the
province of the secretary of the treasury
under the last section Of the repeal of
the Sherman purchasing law to order the
subtreasuries of the United States to
receive standard silver dollars and give
gold in return for them. Now.
in answer to all this need
only puote from official cir
cular No. 123,issued by the United States
treasury department: Gold coins and
standard silver dollars, being standard
coins of the United States, are not re-
deemable.
Ye wise men of the east. don't think
for a minute Oike Hanna), that you
can fool all the people all of the time.
SILVER REPUBLICAN.