The daily morning journal and courier., 1896-09-28


 years, sewed Into his shirt? Does 1t need the same amount of money, when you can send draft for any amount to any great city in four seconds with absolutely no risk, that it needed when it took four months to go from New York to London, with the chances against safety?
 Do you know what portion of the business of the United States Is done with money? Just 7A per cent, 921a per cent. of it is done without money Isn't it common sense to look for the cause of difficulty of the size of that which we are suffering from in the 9-lOths of business which rests on something besides money rather than the 1-10th which rests on money?
 You know, of course, what that 9-10ths of business rests on. It rests on credit It is credit that has shrunk in volume. It Is uncertainty that has stopped the circulation of our blood of prosperity. The fear that our busi- ness is going to other lands, and our money to become of uncertain value. c Once more, is 1t fair to say that gold | has appreciated in value? Is not the truth rather that other things have depreciated? The two statements are | by no means identical. It is ineffac- | ably wrought into my memory for 1t was wrought there by the appetite of a boy the time when bananas cost five cents apiece. Three for five cents has been high for the very best for some years; ten cents a dozen no uncommon | nrina Io loo ciated? We don't need any elaborate argument or investigation to answer; we simply know it is not. It is not | because money is high, but bananas are | irregular and precarious business con ducted by savages and sailing vessels | is now a regular line of business con- ducted by large plantations and fast steamers. I was once side tracked on the fastest mail train that runs between | New York and Philadelphia to let another train go by, and when the big l double header for which the Pennsyl- Isvanfa limited was shunted, came rip ping up the track, what do you sup pose 1t was? Ii Hung Chang? The president of the United States? A lot of capitalists? It was a Georgia water iiiCioil U hlIlBS nave lily | brethren, since the time when, if any of the squires melons got fully ripe it | was some oversight on our part, and it has not been the appreciation of gold that has done it either. We can't raise | wheat and corn in New England to- | day, not because money has grown scarce, but because there are thou sands of miles of farms that can raise | wheat for one-third what we can, and make money doing it. Why, this west ern farmer, squealing now like a stuck | pig, drove New England out of the bus mess thirty years ago! He thought it was great sport then. New England farmers moved on, adapted themselves to the changed conditions or went un- der It does not make any difference l what happens to gold and silver the day will never come when you can raise | corn in New England again, Nor will | the western farmer ever see wheat in my opinion, for SLY bushel again, | because 1t is moreNthan wheat Is worth. There are too many men and acres that can raise it for half that. But start the l circulation of business once more and the farmer will see wheat at a price | which will pay him a handsome profit
 And II with business once more active any farmer finds he can't raise wheat for it's market price then he must make up his mind that he is out of the run ring and must do what the New Eng land farmer and the hand loom weav
 CT and hosts of men from the beginning of the world have had to do. adapt themselves to new conditions. I have said there is no over production to-day. NOT can there ever be in general for the wants of men are inexhaustible and his abilities without limit But there might be, of course over production in some directions. There used to be a man on Grand avenue, I don't know but
 he is there yet, that sat in store win dow making rag carpets. I suppose ne made living, but 1t is not a branch Of industry I advise many of you to go into because among the many wants of mankind rag carpets is not one, and don't think the demand is going to increase. They say the bicycle busi- ness is threatened with overproduction
 and there is certainly an overproduc- tion of cheap men and labor and capi- tai, too, both suffer from it. And it is something to which science and gov ernment and philantrophy are all turn ing their attention.
 Finally, I do not dispute there there have never appeared on this earth worse oDpressers of mankind than some railroads, especially western ones
 heartily endorse the populist plank which demands government control of 1 telegraphs and railroads and the resto- ration to the government by some rail- roads Of their enormous grants of un- used and unneeded lands. I do not dis pute the unjust attitude maintained to- ward labor by some great corporations | Whatever weaknesses and ignorance labor may have displayed in the great Chicago strike, George M Pullman came out of it beneath contempt. Such men as he and c. P. Huntington are the | enemies of mankind not because they have accumulated great fortunes, hon. estly or dishonestly, but because their attitude provokes hostility and hatred
 and cross purposes, and business | thrives on confidence and confidence on peace.
 But these strifes, large as they seem at times, are but incident to humanity's progressive struggle. There is nothing in them that demands the overturning | I.f4 IL.