New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-19

WHY. he can only buy half much with days
wf .s sc rs he Suss G'w 10 be este org
OF this country ask Mr. BRIAN ana MS eppt,n
' wRRsre do 'e co%c my aughefJ Bryan
himself has gmmerlng idea OF Whcre RE, tne ot
VIII The eU9 n ono or parasraph in his speech which
whether tho result OF an uncohsc.ons
made In the stress Of logical discussion an rh,
" unable to say But 1t sheds n ,%ya PopnIist
agitation sH" s%s wage Mr. bryan says nGw
po%e4 ws sf the Son sso T
10 OBI ain possession Of the dollar they Know dnas
probSBIo and r ySs less certain II
that means anything It means that cneaR cent
employment. more work and chance 70 , get re-
employment after he was discharge u mnrfd ~
man. It means that II the aborer Is Wilde ~
hye ms wages s boT oss o Of IN yet
that meant TO make "a cut in wages that did not say
that have never yet heard Of anybody Who az az
men that he did It because he liked to 90 ~; o,ey
cut in wages. cannot employ you more than nan al
the time and that is what Mr. Bran propo,e,, , 10,
the laborlng masses OF this comnunlty-tnat tmry
take n dollar Of less purchasing power 30 INA. s,l
ployment will become more certain ana t,e ~ n
of accomplishment more frequent ti'aush,cl , 80
were true that a reduction In the rate OF WIZ,
would increase the chance OF bec wU
however unpalaable the truth may pc conceiVt i IT,
the duty OF any man VINO h,te 91pn 20 OF
the whole truth. whatever may be the consequences
10 himself (Applause)
MORE PRODUCTS. BETTER WAGES
But az n matter Of fact. n dmlnution In the rate
of wages does not Increase the scope OF employ
rnent II this audience has done me the honor 10
follow me while | explained the principle on when
wages were fixed II must be clear that the more
abundant the product. the higher the wages. mere
cannot bc an abundant product unless labor s
tensively employed You cannot have high wages
unless there Is extensive production IN every he-
partinent Of industry and that IS why claim that
he
ton: that high wages mean abundant
and abundance necessaTily means prosperity. ZAP
plause) Mr. Bryan. the other hand, would have
you believe that prosperity ~ ADVANCED ~ cneaps
enng the rate OF wages. but the fa In the rate OF
wages always somes from n narrow production ana
production means there is niue deinaid TOT
labor In the mar ket When. AFTER me pane Oh I5S.
price OF labor fell 10 80 cents day 1t was hard.r
to obtain labor than when the rate OF labor was =;
and the difference between the Populst VINO SEEKS SEEKS
TO cut down the rate Of wages and the DeHiocr1.
who seeks to protect Il H. that the democrat oe,eTes
that high wages ana prosperity ar ~ ~ 1es r.,
and the Populis wants 10 cut the rate OF WIZ III
order that he may tempt the farmer to MAKE wal
upon his workingmen. ApplauseJ -,
Well, but the Populst tells US ara MI. bdi az
leads the van in laying 'na edfor is ny the person
whose debt he wants to cut down. ano Mr. bryai
hs system a, of coinage shall nave been completed
his standard of value shall have been changed
metal he viii pay his debt in; that is to say, he
shall be permitted by the law to commit an acl oi
dishonesty In order that you should understand
just how change in the standard Of value enables
men to cheat their creditors you have TO consider
debts II had paid $40 for ten yards of cloth. to
he delivered to me next week and in the interim
the Government should pass a law declaring that
hereafter the yard measure should consist OF
should be settled in that system OF measure:
would be cheated out of half OF the cloth for when
l had pail (ApplauseD IT, on the other n,nlo
owed a cloth merchant for ten yards OF ciotn
which he had delivered TO me-. and when waS
payable next week, and in the mean tlinr me 10Y,
eminent would change the standard OF Eaiue anq
would settle that debt in s. and the coth merchdn,
would have been cheated. That is just what this
measure proposes to do, and the important qles-
ton that arises the workman of this country IL
just who are the creditors and vino are the debtors
the creditor Is person who Expresses the western
farmer; he loves to paint him as loud Of dress
coarse of feature. g2udy of ornament and with
cruel expression his face. He loves to declare
that the money-lender and the creditor are aiways
synonymous expressions, but as a matter OF TACT
the creditors OF this country are not the bankers;
they are not the so-caed capitalists they are the
labOrers and 1t is at the expense of labor that this
change is made. (ApplauseD remember in dis
QUESTION in the House of REPRESENTATIVES ! was ad-
ture OF things. was debtor and was Interrupted
contains exactly the same statement as that which
he made here in his speech a week ago. He asked
Il would like to ask the gentleman whether it is
data o that II owes either somebodys note or the
money in the vault and its own capital besides
Eow my rnsSrye 10 Of soven ank taken toe
gether must exceed fits liabilities; the excess rep
heir debts and their credits, all banks are debt
ors which, my friends, will be apparent TO you in
. per cent OF It's deposits IN reserve that The very
6usne,s OF 6ahKng rs w OF belg nen
with is the money that It owes to its depositors
but the laborer Is always creditor for at leas,
days work.
THE LABORER ALWAYS A CREDITOR.
When any man can show me a laborer who has
been paid in advance for a days work | will show
him a aborer who is a debtor But every laborer
that have known In my experience. every laborer
I hqa bearJ in my amin Of
condition of men. must, by the very Law Of mis-
being be a creditor for at least days work and
is generally creditor for weeks work or two
weeks work. CAppause) Every great industrial
enterprise has for its chief creditors its labor
ers The heaviest account in every department.
of industry, whatever il may be. is always the
wages account CNpplause) Here is an abstract
which will show you Just how the earnings OF a
great corporation are distributed. The New
coo OF that sum Sl0OOcoo Is paid for interest
bonds and for rental Of leased rallroacs Sio"~v
mcnt and repairs. S5.5oO0o is paid for wages
The railway employees OF the United States alone
New-York Central Railroad went into the hands of
receiver tomorrow II IL nNld Io tn ~ ana
and its shareholders could not complain The IN
bondholders would be without redress. bur the
wages OF the laborer would always be paid for
prise. applause No. my friends n, not because
absolutely necessary to the existence Of the enter
prise. (Appause)
Here We have the figures from the United states
Bureau Of Statistics, showing the amount OF wages
paid every year in the United States. ana we ind
that IL was over 81 2j 225O0 Talk Of the interest
on the National debit Talk Of the principal of the
National debt Talk OF any other debt that exists
throughout the civilized world and II forms but
small percentage OF the debt which is due 10 labor
wherever works and tolls. wherever things OF
value are being created. wherever means Of trans.
portation are In activity, wherever the forces or
civilization at work. (Applause)
THE FARMER
Now farm is an industrial enterprise Tho
presence that the farmer % Nebraska ia suffering
under the weight OF mortgage contracted under
a metal which has steadily increased In value is
but Populistic metaphor. Two-hrda Of the
farmers have no mortgage debt whatever ZAP
plause) | DO not believe there is per cent OF
them that owe mortgage over three years old.