The daily morning journal and courier., 1896-07-30

capital, as hayrack and horses Is 8 transferrer of hay. More hayracks will | never make more hay, but more hay will require more hayracks and Is sure to get them.
 If l sell my house in Portland, or mortgage it for $5.oOO. and send the re- suit to a Washington state coal mine, | and 1t is spent and comes back to Casco bank, my S5,000 worth of capital is In Washington just the same. What | this whole country needs Is capital | from abroad, from the whole world | expect some Of you will be surprised and ask whether the wealth of the | United States is not immense and suf- ficient. Immense, yes; sufficient, no.
 Our capital is great, but the United l States is very much greater. There are millions of square miles and seven ty-dve millions of people at work. l When are we the most prosperous? Is 1t when the seventy-flve millions are all at work, and when that happens we | borrow of the rest of the world thou sands Of millions of dollars. Let me give you one plain proof of the fact that money comes with capital, In 1890 we were prosperous. Our people were all at work. Consequently there were good wages and wealth greatly increas- ed. At that time the figures show that in that year we had S190, 900, 900 Of gold more than we had in 1SS2-every bit of that had been imported or kept, the product of our own mines It was busy | transferring this vast capital we had borrowed and that which we owned ourselves.
 Now, just as soon as this election Is over and the future position of the United States is assured, both as to money and to the employment of our people. capital is ready to come to us from abroad and from our own people and we shall again be prosperous.
 T know this plain temperate state ment does not seem so high colored as will be given by speakers who are not really responsible for what they say but it has one advantage-it will be found to be true.
 God keeps the future for Himself Only His eyes can seen in the fulness of truth the days to come, but He has left us some glimpses of them in the past and if men will only take guid- ance from experience they will as they can in no other way show their su- periority over the brutes which perish
 You and I, my friends have beer | together for twenty years; two-thirds the life of a generation of men. Il would be singular If the past give us nc help In the crisis of our affairs. But il can We have been through all this once before. The greenbackers of 187$ were not bad men. They were sincere and had better case than the silver men of to-day. In fact, 1t was mucf the same case. We must have artificia imitation and cheaper. they said ol blackest ruin awaits us. It was a harG time.
 Prices were low and work was scarce; taxes were high and debts hart to pay, but we recovered and resumed specie payments.
 From that moment the capital O. l the world was at our disposal We hae a good tariff, which made us do all oul own work, and from 1879 to 1893, four teen years of prosperity, which placed the United States in great position in the world.
 If we do the like thing to-day lilt things will follow. With revenues equa to our emergencies undue export O gold will cease. With the certainty that the dollar paid will be equal to th' dollar lent will come credit and conf dence. With that other certainty tha we are to do all our own work vii come the earning of wages steadily in creasing, which Is the basis of tha , prosperity which is alone worthy Q this great nation, the prosperity of tn 7 whole people.