The San Francisco call., 1896-07-23
GENERAL JAMES B. WEAVER Once the Idol of the Peoples
Party but Who Is Now Doing All in His Power to
Secure the Endorsement of Br1an

that they will not act without the cooperation
of England, and England, through the minis
try of both her political parties. has declared
her unalterable purpose TO adhere to the gold
standard.
The reason is apparent The great advance
of gold monometallism has given England the
control of the credits of the world. Her people
now own bonds of. other countries to an
amount aggregatlng many times the total gold
stock of the world. England is built up. Her
narrow limits will not permit much increase
of population. Her local property cannot be
much increased in value. By her manu-
tactures and her extended commerce she has
invaded every country with her forces of in
dustry and enterprise, and she has accumu-
lated the gold of the world, and she now loans
It out over and over again to the countries
from which she has made profit. Her wealth
consists mainly in credits; and the creditor
class has become the dominating power. Eng
land has always been a class-governed coun-
try The land-owning class, once so control
ling, gave way to the manufacturing class uIi-
der the leadership OF Golden; and the corn
laws prostrated the agricultural interests.
the creditor or banking class, which to-day
dominates the councils of England, fixes her
policies and enters her DEGREES.
The friends of bimetallism stood expectant
when Balfour came in.o power. They have
only recently realized that shackies have been
upon his limbs and that he is powerless TO aid
the cause which he so brilliantly advocated.
What argument can we use to abste England's S
purpose? That the amount of gold in the
world is too limited for the worlds business7
Her answer is that her people own almost all
the gold in the world; that they have enough
and plethora and out OF their abundance
loan IL to other nations on bonds and mort
cages. VIII you say that gold appreciates and
that products have iminished in value? Her
answer will be that she desires its apprecia-
ton. Will you say that the appreciation of
gold has stimulated the production OF silver
standard countries and that their competition
has lowered the gold price of all farm products?
Her answer will be that she raises but little of
these; that she buys and that the cheaper she
buys the better.
should we point out TO the land-owning class
in England the burdens OF which have become
almost intolerable, her answer viii be that
some interests must suffer in pursuing great
national policy, and that the English Govern
ment VIII stand as heretofore tor the interests
OF the governing class of the country, the class
which subordinates every subject of domestic
and economic policy to the desire OF maintain
ing constantly increasing control over The
products of labor throughout the world by &
system which makes her controlling power
In peace and war; partner without risk in
a. enterprises, and the absorber of the profits
of worldwide production.
To this policy of enlightened selfshness no
both nations and individuals can oppose "a
tional objections. We do not object to English
policy on English SOD. We object TO an Eng
lish policy on American soil.
England's wealth consists in gold; our
wealth consists in property and products
England is a creditor nation;. the United
States is debtor nation. England is inter
ested in having money dear and products
cheap. We rely on good prices for our prod
ucts in order TO pay our foreign debts. Eng
land proposes to pursue policy which will
increase the value of the gold that she owns.
Ought not We TO pursue policy which will
increase the value of the property we own and
of the products which we export2 Do the imi-
tators OF the English policy in this country re-
alize that there is a difference in interest be-
tween the buyer and the sellers, between the
creditor nation and the debtor or producing
r. \ -
increase the use of silver and in that way in
crease its values so as TO restore It's old parity
with gold.
We find that the dislocation between gold
ard silver has given the advantage in pro-
ductlon TO countries that are not on the gold
basis; that their farm products (wnose prices
are stable in silver although reduced in goldl,
are competing with ours in foreign markets 10
our own disadvantage, and that their manu-
factursd products, produced at labor cost
stable in silver, but reduced in gold, offer q
menace in the future to our home mannac-
lures, protected though they be by tariff laws.
We hsYe at stake the interests of the great
debtor Nation OF the world, OF the greatest sill
yer producing Nation of the world; of Ma
ton yielding the greatest amount OF farm
products in the woTld-farm products on which
we rely for the payment OF our foreign debts
and tue prices of which have been driven
down In gold as silver has fallen.
The Republican party proposes to confne
our blmetallic negotiation 10 but three coun-
tries-England, France and Germany-whose
are directly opposed to our interests, while II
ignores the numerous debtor and producing
nations with which sn effective alliance might
be made for the increase Of the use of silver
Where is the gold of the world2 Refer TO the
Mint Directors report and you Will find that
OF the four thousand million dollars of gold in
the world, all OF which If melted would occupy
a cube of only % feet, one-half is actually
located in England, Germany and France.
Look at the registered list OF bonds and mort
cages and you will find that the other half
though scattered in other countries, is tied by
the string of bond or mortgage to those three
creditor countries so that it may be drawn
away at any time from debtor countries, thus
prostrating their bus mess and i'm Deriling their
finances. SO that instead of devoting their
time TO uninterrupted productions OF wealth
their energies are wasted in trying to catch
gold on the fly. Think of itl One-half of the
gold OF the world actually needed LOT the local
business OF those three countries, hardly dis.
cernible in the vast area of the earth's sur.
lace, and yet our monometaliic friends tells US
that the other half is sufficient for the business
OF the rest OF the world, occupying a vast area
OF country and having q population twelve
times as great as that OF the three combined
All agree that the competitive use oil silver
IN the worlds exchanges should be restored
The Republican party proposes that we shall
limit our negotiations only to the benehciaries
of the gold monopoly and that we shall not
apply TO the victims OF that monopoly for as
sistance or aid. Was monopoly ever beaten
down by such methods? Was monopoly ever
impaired by persuasion addressed to the
monopolist? In transportation the victims OF
monopoly resort 10 q competitive road. In
public lighting the victims resort to a compe
titive gas or electric light company; but, &C
cording 10 the doctrines OF the Republican
party the victims of the gold monopoly who
so greatly outnumber the benefciaries of that
monopoly are not invited TO join the ground
for common defense and protection, but in
place OF that the United States the victim suf
ierlng most OF al stretches out the hands o!
diplomatic persuasion 70 the countries whose
monopoly II seeks TO break down.
Had the Republican party proposed in il.
platform-iRsiead OF confnlng its negotiations
only TO three countries that have plethora O
metallic money-to call a conference of the
debtor and producing nations of the world
whose stocks OF metallic money Doth GOLD
and silver are small and which have beer
compelled to issue large amounts of deure
ciated paper money because OF the scarcirv o
METALLIC money, we would then haze a cnn