Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1896-10-13
CATION MC'CLEARY.
The Silver Knight Exposes the
Fa11aCies of the Gold Staff
dard Gladiator.

W ALUM wv UuluA VI MCCle6-
rvs speeches?" said Prof. T. J.
Cation, who has been chasing
Congressman McCleary through
the Second district, vainly en-.
deavoring to run him into a de-
bate, what do I think of his
speeches? Well I'll tell you.
They are simply hours of soph-
lstry. There is not a sound,
economic principle in his speech.
You will not find a single author
ity quoted to sustain his state
ments, not a line of argument to
support his conclusions. He is
wise in keeping out out of a joint
debate.
when his speech first came
out it'composed a pages; two
later it was a speech of
so odd pages; the one now circul-
ating contains: about a dozen
pages. They all purport to be
his speech, delivered in congress.
The more the Republicans study
it the smaller they make it. If
the evolution keeps up it will be
a speech of one page before elec-
ton day. He denies the quaint
itative theory of money, and en-
joys the doubtful honor of asser-
ting that all the great economic
writer's and statesmen on the
world were wrong when they
that prices are con-
trolled by the volume of money
in circulation Prof. McCleary
denies this universally establish
ed proposition but gives neither
argument nor authority to sus-
tain his denial. Then in closing
his speech he denies himself and
afirms the correctness Of the
economists by saying that free
coinage will drive 600 millions of
gold out of circulation and that will
bring on a panic cyclonic in it's
ravages:. Now panics are always
due to a contraction of. the cur
rency; and panics always pro-
duce falling, prices, and therefore,
according to McCleary in begin
ming his speech, the volume of
does not control prices of
commodities; but in closing his
he reasons that contract
ing the money volume brings
prices.
"Again he tells US that an era
Of peace results in falling prices.
Now all economists and states
men agree that falling prices re-
suit in poverty, misery, de-
gradation,' bankruptcy and nat
ional decay. Therefore, accord
ing to McCleary, an era of peace
will bring us into bankruptcy
and ruin. If we have peace for
4 few more years we are ruined
by falling prices; and if we go to
war to get higher prices we must
suffer the ravages o. battle. It
is a new order Of craftsmanship
ne ushers in that informs US that
We must go to war to obtain
prosperity.
"Again, he tells us that wheat |
has fallen since 1873, because of |
'verproduction and labor saving
machinery since that date. Then
n the same speech he informs
IS that farmers, sold wheat be-
ore the war at 81 cents per bus
lel and took their pay in wildcat
,ank currency. Well before the
var we did not have overproduc-
ion, or improved machinery,
nd yet we had SO cent wheat.
80 his statement that cheap]
wheat is caused thereby must be
alse. II. IS ..@.< ..= cs>.-~
He says silver. has fallen be,
ftuse of overproduction. Then
e shows that the increase in the.
reduction Of gold is as great as
hat Of silver But gold has not Z
allen. He does not tell US that
old IS kept up By the open mint,
nd silver has. fallen because Of
he closed mint.
He says that we now produce
nnually ii the United States and
have pro- uced more
han. one thou sand tim es.as much 4,