Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1896-08-29
Mr.. REED OF MAINE
SPEARS TO THOUSANDS OF NEW
iLSGLANDERS.
Experience OF 1875 Said
to BE Similar to what We Are
Now Passing Through.

| Old Orchard Me. Aug. 25.-The IL
publicans of Maine according to GUS
tom, held grand rally here this after
noon, at which We're gathered thpus-
ands from all over the state as We'll
| as other parts Of New England. Among
the speakers Were Hon. Thomas +.
Reed and Hon. Lee Fairchild.
After brief introduction. Mr. Red
said in part: What seems the great
prmeval course, that in the sweat o1
his face should man eat bread. has
been the wider view of the Almighty
and found to be the foundation of All
hope all progress and all permanent
power Man no longer shuns labor as
his deadliest foe but welcomes it as
his dearest friend. Nations no longer
dream of riches as the fruits OF war,
but as the fruits of human energy di-
rected by wise laws, and encouraged by
peace ana good will i5attlcments and
forts and castles armies and naEies
are, day by day. less and less, and he
engines of slaughter are more and
more the guarantee of peace with hon
OF. What the world longs for now is
not the pageantry and devastation Of
var, for the ACKNOWLEDGMENT Of the
few, but the full utilization of all lu
man energy for the benefit of all man
kind.
VI hat the opnortunity Means.
TO the 5000 900 people who make
up the great republic. the opportunity
70 labor means more than to all the
world besides. 1t means the develop
nt tlI- htaStT11
comprehension of one mortal, and diff
fusion among all Of riches to which The
elories Of the Arabian Nights are but
the glitter of the pawn-shop, and tn
which the show Of all the jewels of all
this earth are but the glare of the glow
worms i'll the pallor of dawn
But each individual man is weak |
and p0Werless Only by a combina |
ton Of each With the other can good /
results be had No more striking |
proof of this can anywhere be found |
than in that complex union Of lnen !
which makes up the modern nations
and modern enterprises. The nature
Of man Graves also liberty and indi
Niduaiity. Modern union and the COM
piex conditions Of modern society have
drawbacks and SORROWS which are com
nletely its own The sachems of New |
England had no financial troubles, no
strikes. The currency question WAS q
simple string of Wampum. In Central |
Africa today banks never break AMI |
checks are never dishonored. for neith-
er banks nor checks are needed for
their kind Of prosperity. Before the |
factory system rendered combina tions
WorFmen needful, there was
l,.7, discomfort but also no progress.
and there was no sharing by the toiler
of the profits aud the pleasures
Prosperity and Panic
What are the causes Of prosperity
and what are the causes of panic? Are
they mysterious things beyond The hu-
man ken? # You will analyzn them
YOU Will find that whatever the remote
causes are and they are different every
time, the immediate cause of prospar-
ity is the confidence of all the people |
in each other and in the situation III
the future When the people all work
together, when they all have faith in
each other, then prosperity reigns. Af-
ter prosperity reigns for some time |
longer or shorter, men think that hard |
times are permanently done away with
and get Wild and overprosperity sets
in
Then some wise men. earlier than
others to Sc that the world can not
absorb all that is made, can not pelm7-
nently support all the enterprises
which the oyer-cCnfidcnce of aan has
set III action. begin TO doubt, To- refuse
discounts, to hoard money aud call
~, Il
spreads and hard times follow Thrn
we set to work 60 climb out Of p;lr
troubles and the process is slow. While
y, are climbing out We suffer.
EnsIans'- Experience.
IN 1925 England had one IF those |
paroxysnS like The one we are pass
ing through now. Everything there had |
been prosperous all over the land, cap
ital was accumulated il. legitimate
business, which is the supply of Zach !
others wants, Then accumulated cap
ital eager fn employment, burst tine
restraints of society and specula tion
set in.
Companies We're formed to do every
thing under the sun, and the lenders
loaned everybody money, from the car
Of liusSi2 to the king of Mosquito |
shore. Pretty soon. after slight drain |
Of gold it occurred 10 some one + sig-
ure up all these contracts and the rs
tonished nation found that Eng}phd
had agreed to lend more money than
there was iii the World twice rNnr.
Then the bubble burst merchants fail
I'd, banks broke, and universal dis
trust poured over the land, For on" |
day trade absolutely ceased in Lon
don. Nobody was taking anyhody's
notes or would buy anyhody's s5-e1lri-
ties Where was the difference between |
England prosperous ana England At |
{, standstll% 1t was all in the charge |
of one word. Confidence vas prosper |
ity Distrust was ruin. Then began |
the slow growth of confidence again, |
which took years, but Engla nds pros
rerity did not perish.
Our Terrible Crises.
I'm olr own country we haV= mad |
MANY such Instances. many more than |
] mean to mention. for history on |
that subject is as cheap and as ahEn- |
dant as wheat when times are hard. |
We have just passed through another |
of those terrible crises, and are on our
way to other years of wealth, with his |
additional benefit that the distri5l-
tion of wealth, when We reach it. will
be more even. as we'll as more album |
dant, than ever before. In 1898 We n1d |
as great d rash as We had in 1919. and
all the world went with us: but for
special causes we had gone further. |
and it is for lis q longer way b. ck. In |
1892 We thought hard times had ''c2n
I,s,f iEj1 1aJ y-aI hat |
work and high pay were never more to
be separated: but we were mistaken
Pride goeth before destruction, and
naughty spirit before a fall The cree
ton Of 1892 was a great misfortune. 1t
may be We would have had a collapse
then-no one can be quite sure. But If
we had been in sllillful hands We
should never have gone So far nor suf-
fered so much.
At the Time of the sherman act.