The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-08-13
4 GREAT SPEECH
Delivered by Hon. Thomas b.
Reed Of Maine.
THE EVILS OF CHEAP MONEY

plainly and Simply Set Forth by the
Eloquent Champion OF Republicanism
on the Occasion Of His denomination
For Congress At Alfred, Me-, July 80.
Free Silver Would He Shifting From
high Standard Of Civilization to
That Of Mexico.
The speech delivered by Hon. Thomas
b. Reed at Alfred, Me-, on July 30, was
listened to and applauded by very
large assemblage. 1t was in part as fol-
lows:
1.-TWO months ago no man Of standing
would have risked his reputation as a
prophet by limiting the slightest doubt
Of Republican success. -Four years Of
actual trial Of the opposition under the
guidance Of its best and twice.trusted
leader had left no shadow of question
a. to public duty. However far the Re.
publican party might have fallen short
of perfection, nevertheless all men felt
it was the best party, just now, to draw
nigh to for whatever is to be left to us
Of sound government. commercial sue
cess and busiNess prosperity.
Tn0 OemOCr0t1C DEMONSTRATION
1.-TWO months have slipped away
hardly time to ripen strawberry, much
less q system of finance-and there are
those who tell us that all things have
changed, that these very men who were
being arrayed for decent burial had
burst the cerements of the grave and,
transfgured bv some new arrangement
of crowns of thorns and crosses of gold,
were to lead us to new happiness, and
even repair all the damage they them
selves had wrought. Now this may be
90, but to me it does not seem probable.
Welcome to Democratic Patriots.
1T would be unwise to confound the
Democratic organization with individual
Democrats. When the war Of the re-
bellion burst forth, tens Of thousands of
Democrats, politicians, strong party
men, sprang to their feet, representing
hundreds Of thousands, aye, millions,
and henceforth and always were part
and parcel of the bone and sinew Of the
victorious republic. What matter if the
party had gone wrong? They We're
right.
There are some political orators who
think if they can draw a rose-colored
| picture it ought to convert a continent
What rosy picture we had painted for
us in 1892! What millions we were to
expect We were to sell in the dearest
| and buy in the cheapest market. We
| were to have both ends of the bargain
| We took their word for it and here we
are. And now the least credible por.
tion of these same gentlemen are smear
ing the canvas Of another picture for
which they want us to pay another four
years, or perhaps ten of this nation 8
life. Men deceived once are human
men deceived twice by the same men
are fools.
1.-THE evil which has come by an un.
wise revision of the tariff has been
greatly aggravated by one of its conse-
quences-our loss Of revenue. Had
there been no deficit, then a hundred
millions of borrowed gold would have
carried us through the crisis safe and
sound. AS it was, the constant drain
with the redemption of gold, has so
afflicted the imagination Of our people
that confidence can not commence to be
restored until our revenues equal our
expenses.
What is proposed by those gentle
men who proclaim, as they did four
years ago, that they alone hold prosper
ity in their grasp?
The Remedy Of 16 to I.
Their remedy is the coinage OF silver
l6 to /. Heretofore, whenever gold and
silver have stood together, it has been
at the market value. When we tried to
make gold and silver circulatd together
we have always married them according
to their market value. Today we find
them, not 16 to |, but 81 to !, and we are
going, they say, to lift silver to twice it's
value, not by the universal sense of
mankind, which alone makes values,
but by the statute of the United States,
single handed, against the civilized
world.
why should the United States try to
do this alone? International bimetal-
lism can understand, but this driving
out of gold and substitution of silver is
only silver rmonometallism for the United
States. Il is not bimettallism for the
world and stable currency, but the
shifting from gold currency and civil.
ized Europe and going over to silver and
Mexico. Japan, India and China. Oh,
but China and Japan, India and Mex.
leo are prosperous just now! Yes, but
| WuAt A4uu VI prosperity! Auc pIOepoE'
ity Of cheap labor growing cheaper every
day. Manufacturers there may be pros
porous, and traders may be prosperous,
but the people are not prosperous at all
In silver countries labor is cheap anG
kept cheap by the silver dollar. For my
. part do not want that kind of pros
perity. want . prosperity which Ly
good wages to all is shared by all.
More Capital What We Nssd.
What we want is not more money
but more capital. Money always comes
with capital. We have money now
more than we can nse, lying idle. W.
have just exported lot Of it. Money il
the transferer of capital, as hayrack il
transferer Of hay. More hayrackl
will never make more hay, but more
hay win require more hayracks, and il
sure to get them.
"Our capital il great, but the United
States 10 very much greater. There ar.
millions Of square miles and $4,000. .00(
Of people. and undeveloped riches with
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