The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-01


produce four million and half and they
said II you buy four million ana a half ounces
month. that will do the business and re-
| bought four and half million ounces
month OF bullion, dumped 1t in the till until
lS9S-and what happened? AS soon as you,
the people, saw that silver was going down 4
as It did, from $1.06 ounce when 1t began
TO at ~ seventy cents an ounce you said 4
mat s.lyer coin. some way other can't
keep up with bullion, and guess we better
get our gold. And in the stockings of the
men and women Of America there are $500 00o.-
GOO worth of gold-just $500 600 600 more than
there are Of those silver dollars in cirru,atian
outside of the treasury cot atne United States
You won't spend them. youfwonx do anything
with them, until what? Until al sound money
man is elected president: mild then Won viii
sneil them out and go to investing Them
Now that silver dolls5s mind Won w..
bought under law that the mine owner !
| could take 1t there and get that 4121b-grain
dollar coined; But the people saw that they
s wSre NOT eie,eemosynary institutions them
serves; when It was up tos a.03. and when 1t
was down to $1.01 or ST. they made IN their
minds that they would frame the law SO that
II laoorlng man or widow or9a farmer, or
any person In this country unacluainted with
the markets of bullion, not seeing the mar
kets every day in the week. when they saw
tnat, sney made up their minds they would
put tnat dollar In such shape that it
WOULD ALWAYS BE COOP.
So you bought two millions of silver in
ounce for gold measured I'm the worlds mar
ket; you bought under the Sherman act for
SO much an ounce in gold. Now who gets
that? You take chunk Of silver like that
twice as large as 4123a grain dollar and
have $50, 000. 900 ounces piled I'D 1--WE could
have gotten as much as that. we could have
gotten little more} for whom? For your
account and mine, II you are citizens of this
republic. We bought that silver for you and
II is in the till for you; and when we coin
those dollars, have on the statute books a
law that you, the people of this republic will
maintain that at par with gold, and there
fore 1t Is worth hundred cents in all the
does the crime come in? will tell you, and
I have studied it carefully. There is 1926
100000 at the market price today. If the
government takes half Of dollar in today's
market and puts it into 42h-grain dollar.
with your contract behind it that you will
maintain it at par, that is the bargain that
that go to? In the till of the treasury de-
partment, for your credit and NINE And the
crime consists in not giving that to the silver
mine owner. (Applause.)
Mr.. Bryan said in New York; don't know
what he says here Qaughterl-that by buying
all the silver that is offered and all there
keep 1t at s1.29 per ounce. With free silver
coinage, the government does not buy dol
lar-and there is where he begs the ques-
ton. He has said here. as he says everywhere
in the West, that if this silver free coinage
causes a panic in the country and should
curtail the circulation by $500, 100000 and
panic, as he admits (as the best Of them
admit that it wild, then, he says, 'I will
have mint established at the mouth of every
mine to grind 1t OUT Now how would that
work on you laboring men? (Appause)
Why, for instance; here is $S25, 600. 900 of sill
| yer in the worlds market. That Is all 1t is
worth. The mint is opened tomorrow. That
| dollar that we coined don't have your prom
| Use and mine behind 1t to redeem it in gold,
| but it is free coinage. And he sets his old
| mill going at the mouth of every mine and
Uh 10
| is 1926, 000 600; he grinds that out into twice
| as much; he passes 81 on you, and the other
he sticks in his pocket = (Applause) Now
| thing a ifty-cent dollar. There Is no
| such thing now in this country as a ffty-cent
dollar, except Mexican dollar A Mexican
] dollar has four grains more than ours, but
| they have not the promise of the people be-
| hind it to redeem it in gold, and therefore
It sells at its bullion value7at about 80 cents.
| But while that has been going on down there
| Qt was in 1870 or 1875 when was down in
| Mexico), it has taken labor with 1t. and
the ability of the dollar that he gets there to
| buy the necessaries for his wife and family.
My friends, beg your pardon for talking
| so long about the crime of 1873 You know
all about It; you knew 1t before I talked.
| that crime has affected you people in st.
Paul. came up here in 1876 and was sew
enth. tenth or fifteenth owner in the West
| Wisconsin railroad, trying to develop it. 1t
| then had twelve-footl rails on it, almost a
| streak of rust, Sc much so thatzn corporation
east of Of st. Paul would dare tackle t; and
think I put $500 in it. and Fhelped to de-
velop it C.
ST. PAUL AS EVIDENCE
w, why; here IN 1876, what was the eondi.
& st. Paul is here And this was the old
West Wisconsin railroad. You had 10000
people here, about, in 1873 How many have
GaVe ges v S ey nca
| 1S73-since this crime was committed. Well
now how you laborers housed? Haven't
Haven't they more culture? Haven't they
| more carpets their floors and books on
| the shelves, and melodians and fine things
| to live on, and the children well educated?
How did the farmers come in? In 1878 /
| saw carts here with wooden felloes that came
| from hundreds Of miles northwest Of here.
| Your farmers came with schooners then.
| How do they drive into town now? There
I amt one of them but comes on the railroad
| or In nice carriage, and his children come
| on bicycles. (Applause) They have culture
and refinement in their houses What was
| the price of land here in Minnesota in 1873,
compared with what it is now?
1t has more than doubled, the whole of
Minnesota, since 1873; more than doubled
west Of Chicago since 1873. Your railroads,
| "a. 600 miles then In the whole United States,
| $4,000 miles now. Have you been ruined?
| Why, you ought to pray God on your Bonded
knees every night for some more of that
ruin. Applause) Oh, my friends, that is
|
the West about your ruined farmers and
| your ruined villages l grant you that some
| of you have bit off more than you could
! chew, but If you would only wait for the
development Of this great and mighty state
| great in its soil, great in it's hills, its lakes
! its meadows-and If you will wait now and
have confidence in each other, you will come
| out all right, every. one of you, because you
stuck your stake in the right place. But my
/ friends, l don't like this kind of talk that
1 talks about the misery and wants to feel the
pulse Of every man. Why. if doctor should
| go through the front row of this audience
! you looked SICK half-dozen of you would
| get sick think you were sick. But there
| isn't a word Of truth in it, You are not
| sick, the farmers are not sick. You are grad
ually getting up out of the; mud. Your pave
ments are better, your sewerage is better and
everything here, and the farms look better
You are marching along towards prosperity
| slowly advancing. You cannot make so much
money as you did before, because the ranks
are getting closer and closer, filled with
active, brainy men, trying to compete with
you land it is mighty hard to get a business
| that they don't t., but that has no more to do
with the crime of 1873 than match has to
thunder and lightning. There is no connec-
/ ton whatever. applause and laughter)
They say that they are going to take the
cross Of gold off from labor and relieve YOU.
If they have their way they will, and they
will plant on their brow the cross of silver
with the thorns sticking into them { Laugh
! ter and applause.)
This country from the. time we resumed
specie payment until the present time. has
never had such onward strides as it has had
since 1879. No country in the world can boast
| of such prosperity. They tell you that your
land, your wheat, your corn your cotton
have all gone down because silver has gone
down. Well, the last week or two has fixed
them on wheat and corn. / propose to an
swer in a sensible way why land east OF Chi
cago, where they have silver sentiment