The Portland daily press., 1896-09-11

dollar that had been substituted for the
golu dollar would sink to 80 cents, and
tnere we would lose $500, 600, 600 to
sear5 with. And then we would have
suoh shock too our business that 1889
would seem to be psriod of wonderful
prosperity comparatively. Then we
would go to work upon an nstable
instability ourselves. because q man who
nas got money in his possession has got
d certain advantage over a man who
wants that money. The law says that
man who has money is entitled to own
IL ana to do what he pleases with it;
ana SO long as the law says that, you
nave got to adapt yourself to the wishes
OF the man who has the money; other
wise you won't get it; and you don't
want 1T unless you can make some money
having it. That is what is always
involved in borrowing money flor busi-
ness purposes.
When was in California good many
years ago. money was renting for per
cent month with real estate securi-
Ties Real estate was not so thoroughly
real estate as it is in New England,
because there might be town one day
and no town the next, and that Is the
reason why people would not let money
unless they were going to get 1t back
They did not warrant any real estate
more than three years and used to won
enormous rates Of interest. They did
and made money besides. because they
were In rich and new koountry, where
things were to be had at very small
price, that afterwards grew to be a big
price and now, I.fancy, you can get mon
ey in California as reasonably az any
where else. because it is settled oom-
munity and men know they are going
to get their money back. Now the bus
mess of this world proceeds upon bor-
rowed money; nine.tenths OF 1T is upon
borrowed money. Well, then, in order
f that nine-t enths of the business of the
world must 60 on, You must have con-
dition of things where you team borrow
money, and you must also have CON-
dition of things where you want to Dor
row money. because, not only must the
! lender be willing to lend, but the bor-
: rover must see his interest in borrow
+ ing; .,,
= That Is why enterprises are still now;
. 1t Is because men who have got money
. do not want to part with it, and men OF
a enterprise do not dare to borrow 1t, II
!. they would part with it. What do you
think the effect Of this crusade Is? ASK
! yourselves, beeause it Is practical ques
"a ton
= What do you think of a proposition t.
: pass law which, in the first place
will make what George, our Massa
ohusetts friend. what he calis..( laughter)
intended no disrespedU to the gentleman
~ you and I would call a panic. w
/. want to 60 through a panic, and thel
Y. get on basis which will gradually slid
y down to 50 cents on dollar How muci
= do you think that tends to encourag
n the lender, to give more condolences
: How much do you think that tends T.
:, give encouragement to the man VIII
A. ufacture things which he is going to sci
re- on credit, and perhaps get paid for Il
a silver? Why you must see that thi
n world has got to come to stand still
=. until that question is settled. Gu
u peace and prosperity depend on 1t. D
=. lions seem to have dsappeareds And ye
y, these other questions all th
y, ~ questions which are Of real i'm
Is portnnce, for, when the country dis
~ :. poses of this proposition of the coinag
o 2 of silver at 16 to !, then we have got tt
-. pay attention to business matters, ant
~ very serious our attention should be.
ne One of the things that We want to d
AZ is to make our own productions pass !
-, this country; that is we want to do q
=. the labor in this country. We want to d
~ ~ 1t with our own people (applausel ant
- - if we do 1t, that means increase OF wage
u increase of market: those things act an
y, Lug whole nation gets so stirred up that "
~ are all at work. We have got to have
10 great diyersification of industries in ord
=, to do it. One man likes to do one thin
~ and won't do others. Another man hk,
- to do the other thing and won't do tt
in first Men do not naturally like to LAB.
~ and You have to coax them very much |
,st you do the man who has got money
T.; ;s' lend; coax them by employments th'
IL are suited to their tastes and by the O.
,aS ample Of their neighbors. and II you ha'
,et never noticed it before, you Will notice thu
,rS hard times gradually grow to good tint
~. and you know it By the increase OF en-
"d plcyment and of the number of tho
nv that are at work.
~ This is mathematical demonstration
=" ~ How can the United States be the mo
Ie productivef II there is only one man
~. % work it is one man's production.
~, there are two men at work 1t is tv
~ y mems production, and If rs, 600, 600
-, them are at work it Is the whole Unit,
"a States and that is what we want to i
70 duce and cause.
wv, W. never like to address classes Of OF
W. citizens because think we are all
Of intertw ined, we all have SO much Col
:" radeship and relationship that the sar
tod argument that applies to one set OF mi
eSa applies likewise to all of us; and that h
Wy, VIZ been my experience. believe that
~ my business if go to it, of praotici
~, ~ law, that there Will be more Of it for I
~ ~ when everybody is at work in the Unit
'ns States that labors with his hands; n
,, up believe also that it is true with rega
so toeyery man who labors in any way til
~ ~ the more Of his Reighbors are employ
60 the more he will be employed.
~. Is Did it ever occur to you what is t
, ,at foundation, in a great civilized count
, oin like ours, Of prosperity The faundati
'Aa Is in the extent Of the market for the
ception of the things which are produe
by the lnboring men. Now what NAL
- that market? Why, the laboring m
say, themselves; their wages. However mu
naO smaller IL may be than they desire ca
n one Of them, aggregated and massed
n ast gether, they are the great market viii
lece absorbs the production of the Unit
lere States and they keep themselves at wo
w. Now a great many of them want otl
Nh workmen kept out, and yet they do !
my seem to see that whenever a bale of got
, on; lands here which Is the result of lal
u a. abroad, there Is just SO much forei
~ labor landed here and (applause) dol