The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-10-24
REED HOUSES REpusLIcANs.
Tie Maine Statesman Talks for sound
Money az Chicago.

the famous statesman OF the Pine Tree
stCte. Mr.. Reed spoke under the hu-
spices of the Hamilton club and the
demonstration was a fitting climax 10
the series of "noonday meetings
planned by the club in this campaign.
The audience was truly representa-
tive one. comprised of men of every
rank and station in life, from the hum
BILE street laborer 10 the multi-miilion-
aire. Many ladies were present, also.
Mr.. Reed said:
The United States OF America Is n very
great nation compared with other nations
OF the earth. She Is great IN her riches
already gained, and great In her riches
90 be gained in the future Nevertheless.
great as the United States IS. II is not very
great when compared with the Almighty
and His laws. tGreat applause.l Seventy
millions OF people ell OF them Americans.
II they were multiplied by all the inhab-
tants OF all the planets that revolve around
all the fixed stars. they would not be able
TO change single one of tho laws OF nature.
Now. the difference between greatness
ompared that way and greatness COM
pared on the scale or riches and OF size rs
something that we had better take into
account Laughter and applause II we
desire TO do something In the Lords world
we have got 20 do IL In accordance with His
laws. so far we can discover them. and
no amount OF personal pride, especially
false pride. VIII help us I'm our difficulty.
Proud OF the United States.
NOW. / am very proud OF the United
States / have been all over Il and have
some idea OF It's greatness Eut there is
one kind OF a greatness OF the United
States that am not at all proud of-that
which makes out OF us n gigantic cowboy
Just come 20 town. with desire for YER
million and determination TO make every
body dance, not because they are pleased
but because they are scared. Laughter
and applause When, therefore, I hear
men I'm prominent positions sneerng at
ideas upon the ground that they are foreign
j feel a reasonable amount OF distrust or
such men.
II remember. among other things, that
this country so far as the people are con-
ccrned, did not invent itself tLaughterl
IN fact. we were all Of us Imported within
the last 800 years. and one OF the most
singular facts connected with this con-
tempt OF foreign financial policies IS the
fact that the very men who expressed this
contempt have adopted and nearly ruined
this country by free-trade policy, which
was not only invented I'm Great Britain,
but Is confined 90 that country AZ the pres
ent time exclusively. Applause
II think, therefore. when we consider all
queationa connected with currency that we
had better consider them from the point OF
view OF our not being an exception to the
Divine laws. i think we had better make
up our minds that water will run down hill
In the United states and that the attrac-
tlon OF gravitation In order 10 be wthstood
has got TO be withstood by an equal power
In an opposite direction. Laughter and APP
plauscl In other words. no miracles will
be performed for us. IL we are foolish and
expose ourselves TO the blast we will got
cold. and there Is no amount OF greatness
on our part that win prevent IT,
Proposed Change In Currency.
NOW. II IS proposed 10 change the cur
rency OF this country, not 10 change II a
little, but 10 change II seriously and radi-
cally. OF course Il IS claimed that this
change IS to be for the country's benont.
But, slngularly enough, the gentlemen who
are advocating the change never conde-
scend 20 show us how IL is going 10 benefit
the country; they simply receive as with
statement that we believe 50 and so will
happen. Nov'. ps / have said before 'wo
believe is very good foundation for the
orator. IL does very well whore you are
not going TO contest II until you come TO
the next world Laughter and applause
But IN the world OF business we believe
Is worth nothing. EApplausel
You have got 20 show at least a reason
able probability. One OF their assertions
IS that If We can add silver to gold as the
money or the world we shall thereby In
crease the amount OF money, and hence the
business and prosperity OF the earth Well.
now, what is the currency / am not going
into any book definition OF H. l am going
70 give you a very homcly one that gave
you have a 1--WE thousand dollar house and
sell y FOR Aye thousand dollars IN gold you
have got I'm your hands the equivalent OF
what you sold. Suns may rise and set,
dynasties may appear and disappear on
earth. but so long as you Keep that 5000
in gold you have got the value OF your
house.
what tho Gold WIZ BUY.
'If you want TO buy something with that
gold you have got before you the potential !
lily OF everything that there Is on earth. |
You can buy a 5000 bond. you can buy
journey around the earth rather luxur
ously; you can buy dancing and music; you
can have orators discourse 20 you, and you
can have astronomers hunt up stars for
you To the extent OF $1,000. Laughter and
applausel
but there arc some Inconvenience
about that $1,000. IL ~ bulky for some pur-
poses. and not bulky enough for others.
II IS liable 10 be stolen And hence they
have adopted plan OF substituting a
check for Il. And they can substitute any
nmount OF checks for that $1,000, as much |
ns the community VIII bear How much
the community VIII bear depends entirely
upon the confidence which the community
has I'm each other.
Now, that confidence varies. In 1892 /
before We made our little mistake laugh
teri II j. An Portland. Me. made my
check on a bank IN San Francisco, or had
another mans check. l would put IL In my
bank and / cot credit for it at once After |
the panic camo l did not get credit for Il |
until IL had been out 20 San Francisco and |
come back. Laughter and applause SO. |
you see, this whole business, all the great |
transnctions Of the world rest on confidence. |
IL does not rest ON the amount OF money
there n In the world. II Is not fact that !
anybody ever thinks OF the amount OF
money there Is in the world when he offcrs |
his check 20 somebody else All he thinks !
OF Is viii his check be accepted n Il WILL |
that a. the end OF the transaction.
The Purpose 81 Money.
"What Is all this paraphernala OF gold !
and currency and checks for3 It's ono
simple purpose ~ 10 transfer property from |
one person TO another. As 1 told my farm |
crs In York county. Il Is a hayrack. u |
carries hay from one place TO another. and |
all YOU want IL enough hayracks Now, in |
the course OF your life did you ever know |
hnyraclxs 20 faii3 Haven't they always |
cnfnn when Won MnnIcd lhnm2 Unan'f q |