The San Francisco call., 1896-10-29

money at 3 per cent month and gave your
real estate security.
Inc best hold in this world on prosperity is
not stand for repudiation, but for chance
to borrow-you all want to borrow. These
men who are crying for reputation come for
ward and offer US millennium if we will only
follow in their footsteps. They are afflicted
with tremendous knowledge of history, but it
is altogether of the history of foreign lands.
They point to Mexico's prosperity under her
silver policy. am glad that Mexico has good
government and is prospering, but thank God,
we not only got by Mexico long ages ago, but
are by her forever They point to China.
There was a time 1 knew when California
did not think IL could take lessons from China.
Has that time changed? Then they go away
back and worry over the dead Roman empire,
and declare that the only thing that made
Rome failure was the failure of her mines.
Let US stand by our own history. We know
from past experience what has been and what
is best. After the war we had greenbacks and
were greatly bothered with their depreciation,
but sober sense prevailed The people said.
1--WE will have the sreenback, but we will put
1t on par with gold" That was in 1879 and
Tor fourteen years prosperity ruled in this
land, and the riches accumulated during that
period have not departed from this country.
Where have these people-these millennium
people-led us? Into the greatest cypress
swamp this Nation has ever been inveigled
into entering. We have beaten them in three
pitched battles. In 1894 the lines were so
drawn that they had no hope, and in sheer
desperation they raised the cry of free silver.
Why, silver has been demonetized since 1884
Ii you don't believe me just take the trouble
10 hunt up that very instructive though not
always interesting record-the Congressional
Globe. You will find that in the year named
Congressional committee said that only one
metal could be a standard. They said: LET
US decide which metal 1t shall be-"
The committee selected silver, but Senator
prevailed upon them TO change in favor OF
gold. 1 can name no less than three Presi-
name them in the order of their distinction
Franklin Pierce, James K. Polk and John
Quincy Adams of Massachusetts-and the
measure was conducted to victory by Daniel
Webster. Why, old Tom Benton, Andrew jack
son and all the ab!est men in the country ad-
vocated the gold standard. l would like to
know how many itinerant actors on the stage
OF 81 believe" could ma tch that crowd.
There is that everlasting folly of the cry of
foreign policy. Not only is IL folly, but
falsehood. For sixty-two years we have heard
that cry. few years ago these people were
filing the land with their yells for low
prices-low prices for the consumer. They
thought the American people were nation
of consumers; that we were all "teetering"
back in rockirg-chairs and consuming. Now
they say, Follow US and we VIII getyou high
prices. They say, ''You want more money"
No. you don't You don't want more money.
You want more capital, and don't make any
mistake between the two. Capital is the value
OF the property OF the world. Money is the
medium of exchange. Money is transferer
Of rtv nj q Fast
ence of farmers once that hayrack was
transferer of hay. Now, do you believe that
more hayracks will make bigger crop OF hay?
No; but bigger crop of hay will make more
hayracks. When you have more property you
will have more money.
Credit is money. When / give my check the
recipient believes have money at the bank to
meet it. When take another mans check
believe he will pay it. The whole system of
credit money is founded on confidence. What
is the difference between the United States do
ing business and the United States doing what
it is now. No one dares to go into business.
No one dares to loan money. No one dares TO
borrow. We are now marking time. One of
the causes for our doing this and nothing else
is the action of the Chicago convention.
You want not money, but capital. When
you get capital the money will take care of it
self. 1t has always been SO in the history of
the world InlS quesLlOH resolves llSeu INTO
one OF votes.
The sober-minded parry that l am uphold
ing tonight is represented by Mr.. Kinley
and Mr.. Hobart [cheersl the other by Mr..
Bryan and Mr.. lhesitatingl somebody
else. tLaughter.l
Not only must you support good admins
tration, but you want TO elect good Congress-
men from California.
know from experience that you never had
q more vigorous or persistent worker for your
interests than Mr. Johnson. You should see
to it that he goes back 10 Congress. [John-
sons name was greeted with cheers.l
1t is not only victory we want next Tues
day-we have that; we want the overwhelm-
ing voice of the people for good government
At the conclusion of his address three
cheers were given with will for Reed
and three more rousing ones for the Re-
publican standard bearers.