New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1896-09-16
Mr. Oockran's Speech.

-SJHs hdlo III DcAOIS W S.
ran delivered that speech Of his in this
city he was the guest Of Henry Villard
at the latter's country seat. Willard i
one of.the Pacific Railroad magnates
and in,the event Of Bryan's election he
would cease to draw his huge revenues
from a few Of his corporate monopolies
Mr.. Cochran is himself corporation
lawyer, and it was natural that his ora
tory at Madison Square Garden last
week should draw hosts of such cor
poration Republicans and bank presi-
dents as c. P. Hunting ton, r. 7. Wilson.
General Horace Porter, G. N. Bliss, Sem
ator j. B. Foraker, ]. Edward Simmons,
and men of that class. There were more
Republicans present than anything else,
and in point of numbers the gathering
could not compare with the Bryan dem
onstration. The plain people we're to-
tally absent, while the theatrical charac-
ter of the affair made it ludicrous. Mr..
Cochran had a sounding board built
over his head, but sounding board is
no substitute for argument or eloquence.
The speech itself was a dismal affair,
In marked contrast to the array of facts
and authorities marshalled by Mr.. Bran.
It is not fair to Mr.. Cochran to put him
beside one so immeasurably his superior
SIS the young Nebraskan, but since he I'M
dertook to.reply to Mr.. Bryan's speech
his reply must be judged from that
standpoint. 1t Ito be hoped that every
man who intends to vote for Bryan or
who has read Bryan's speech will read
the Grafton of Mr.. Cochran. It must be
remembered that the very best reply to
Mr.. Bryan's arguments is this Cochran
speech. excepting only the recent Sher-
man speech in Ohio.
Mr.. Cochran first paid his respects to
the income tax sections of Mr.. Bryan's
speech, but he had not the courage to
me ntion the income tax by name. He
knew too well the popularity of that
measure. He was fain to content him
self with the mendacious statement that
Mr.. Bryan proposes to have the Supreme
Court pronounce those laws to be con-
stitutional which the Constitution itself
condemns; a proposal to make the courts
of law instruments of lawlessness." This
is statement without argument by an
orator who did not dare to mention the
income tax by name.
Poor Mr.. Cochran foundered hopeless
ly when he came to the money question.
This was but natural. Mr.. Cochran is
utterly ignorant Of the money question,
and, if he were not, he could not answer
the unanswerable Bryan speech. As a
fair specimen of Mr.. Cockran's know
ledge, consider this:
.:If person wants to see just how a
dollar works in the ordinary exchanges,
in what might be called aretail business,
he has but to take dollar out of his
pocket and 60 out into the street and
buy some fruit. The fruit dealer would
take that dollar and buy some vegetables.
The green grocer, with the same dollar,
would buy neckties. The dealer in neck
ties, with the same dollar, could buy
meat, and so on. That one coin, pass
ing from hand to hand, might circulate
$40 worth of commodities in the course
of a single day. That one dollar, circu-
lating $50 worth of commodities, makes
more business and more trade than SO
could make if they circulated between
them only SO worth of commodities.
This argument was in support of the
speakers contention that sit is not the
volume of money, but the activity Of
money, that counts" Wien money is
scarce, as it is at present, it isnot active.
"a person. with dollar in his pocket,
if he be a wage-earner, cannot afford to
spend i. for fruit. He has to keep it for
the landlord. When a single dollar has
SO many demands upon it, the wage
Garner can put no dollar by for rainy
day. The volume Of money is of the ut
most Importance. If a man gets rid of
his dollar as quickly as he must in order
to make good Mr.. Cockran's argument,
he is not well off. Any fool can get
money, says the proverb, but how few
can save it!
Mr.. Cochran made the brilliant point
that "the laborer is always creditor for
at least one days work" No, Mr.. Cock.
ran. The laborer is often a tramp, vain
ly seeking employment, undertaking
the poor wretches who do earn a scant
wage. If you will read Mr.. Carroll
Wright's reports, you will see that from
1000, 900 to s, O0O,O 900 workers are chron-