The record-union., 1896-10-29

you get two dollars day and suppose
| q barrel Of -four costs five dollars. You
can get a barrel of -four for two days
and half work. Suppose the flour goes
| up to ten dollars You have got to
spend five days to get that flour, haven't
you? Suppose your dollar goes down
and becomes half dollar and your bar
rel of -four remains the same, haven't
you cheated yourself out of half Of your
| work?
Oh, but you say the workingman's 8
wages will tend to rise. Yes, they will
tend to rise, but during the period am
speaking Of after 1860 1t took until 1869
before they did rise. And who paid the
deficit before that time? Has anybody
been around hunting it up and wanting
to pay you gentlemen what you fell
short during that period? Do you think
anybody is going to? Oh, no.
| Why is it that wages do not rise? Are
not wages commodity? Isn't human
labor a commodity? Yes. IN a certain
sense 1T is: but it is very peculiar. Sup
pose you have got the present days la
Dor to sell. How much of it can you
afford to spend arguing with the boss
about the price of wages? You see, If
you spend the day talking to him you
won't have the day. Gaughter.) So
| don't you see he has the advantage OF
you when he starts.
| Now let me make another suggestion.
If you have got a barrel of flour and you
cannot sell it to-day, you can sell it to-
morrow or any time in a year, conse-
quently you can stick with the flour
while it is going down and you will be
sure to realize the result. Let me make
you another suggestion. If you have got
a days labor to sell at Los Angeles or
| at Pasadena-which seems to be a
prominent place here, have felt very
much attached to it-you have got to
sell it here, haven't you? By the time
you get over to San Francisco that day
will be gone But NJ you have a barrel OF
| flour to sell here and nobody wants 1t,
all you have got to do is to send 1t to san
Francisco.
| Now, my friends, there are facts or
history to back me up, and, in addition
to the facts of history, sound reason
and argument; and when you have
both history and argument in front Of
you, do you want to turn round and
follow some gentleman who travels
across the country and talks from the
tail Of a train and says. I'VE believer"
| NSACClS dIlu ldu6 hlClI No Aio~ AAAN>~~N
any personal illusions, and / do not
know that you understand any.
| Now, my friends, I have not said a
great many words, but do you think
there is much in the silver question?
Do you want to go on with this foolish
ness any longer? (Cries Of "Gold.'O
| l will tell you what you want II you
will keep quiet minute. What you
| r~;cryn
to borrow something. What you want
| is chance to borrow-particularly you
il California There was a time when
| borrowing indicated that man had
got behind in the race of life; but in
active, vigorous times the amount OF
money that a man borrows is the indi-
cation of his courage and sense and
shows how much he has got ahead.
| This country needs money to develop
| it, There was man said to me when
/ was here eight years ago, and said
very truly from his point Of view, that
| If the Pilgrim Fathers had landed in
California there never would a man
have gone east Of the Rocky Mountains.
tLaughter) In the sense that Califor-
MIA was much Weather than the East
he was perfectly right and yet he was
dead wrong, because the East was
where nature was poor and could be
| attacked with a hoe. Here you have
| got to attack her with an irrigation
ditch. You could buy a hoe even in
| those days for dollar; you cannot
buy ditch for two dollars here Qaugh-
ter), and the Pilgrim Fathers, :n the
midst of this glorious land Of plenty
would have absolutely perished in their
| tracks. Just think Of a country that
wants capital more than any other
| country on the face of the earth. Think
of that country trying to prevent itself
| from borrowing.
| You say, we are not trying to pre-
vent ourselves from borrowing. Let
us have a minutes conversation to see
whether we are or not
| Has any man in this company got
SO? There are thousands of you that
have got it, and I'm going to ask this
question of the whole thousand If a
man wanted to borrow those $40 and
came to you and said that he was going
| to do his best to pass a law to pay you
| back S. and call it quits would you
lend him those SO? (Cries of MOI
| Don't you think, my ten-dollar friend,
that man with a hundred dollars has
got more sense than you have? Don't
you think a man with a thousand dol
| lars has got still more sense? How are
you going to borrow thousand dollars
of a man by proposing to pay him back
| five hundred? This Is what you are
| saying to the whole world: We are
struggling to elect a man and a party
to the head of this Nation who will en-
ceavor to deprive you of one-half the
sum you lend me.
1 OF course, there is an end to the ques-
tion of borrowing, and everybody has
stopped lending. You cannot get even
the capital of this country. How are
you going to get the capital Of the
world when you think of this magnifi-
cent State, nearly four times as big as
the State of New York, with resources
which are riches itself. from one end
to the other, with soil that is twenty
feet thick and you deliberately refuse
the privilege Of borrowing.
| Don't fool yourselves with the idea
| that all rich men are lenders and no.
body but poor men are borrowers. That
| is not So Enterprise is always bor-
rover and is always a creditor, too. If
I borrow money enough to start up one
Of those lumber mills that passed by
not far from here, sell the lumber to
people ON credit. Do you suppose I am
going to borrow money on the chance
of my customers paying me only ONE
half? Well, l suppose if I took a good
bond from him, the way most Of these
people do, he might do it. 1t is a most
astonishing thing for me.