The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1896-10-31
REED RoUsEs REPUBLICANS.
The Maine Statesman Talks for sound
Money ut Chicago.

| We" vi tut
Chicago Auditorium on Monday after
noon, October 10, the people piling in
almost one upon another in their
eagerness to hear Thomas b. Reed,
the famous statesman of the Pine Tree
stcte. Mr.. Reed spoke under the au-
spices Of the Hamilton club and the
demonstration was fitting climax 10
the series OF MONDAY meetings"
planned by the club in this campaign.
The audience was a truly representa-
tive one, comprised of men of every
rank and station in life, from the hum
bic street laborer to the multi-million-
aire. Many ladies were present, also.
MIR. Reed said:
Tho United States OF America is very
great nation compared with other nations
or the earth. She is great In her riches
already gained, and great in her riches
to be gained in the future. Nevertheless,
| great as the United States Is, II is not very
| great when compared with the Almighty
and His laws. lGreat applause.l Seventy
| mHlions of people, all of them Americans,
| II they were multiplied by all the inhabi-
tants OF all the planets that revolve around
| all the fixed stars. they would not be able
10 change single one of the laws of nature.
| Now the difference between greatness
| pared on the scale OF riches and of size Ia
something that we had better take into
account. Laughter and applausel If we
| desire to do something In the Lords world
we have got to do 1t in accordance with His
| laws, so far as we can discover them. and
no amount of personal pride, especially
raise pride, will help us In our difficulty.
Proud of the United States.
| Now. am very proud of the United
States. | have been all over 1t and have
| some idea OF it's greatness. But there is
| one kind of a greatness Of the United
| States that am not at all proud of-that
| which makes out of us gigantic cowboy
| Just come to town, with desire for YER
million and determination TO make every
| body dance, not because they are pleased,
| but because they are scared Laughter
and applause.l When. therefore, hear
| men In prominent positions sneering at
| Ideas rpon the ground that they are foreign
l feel a reasonable amount of distrust of
| such men.
II remember, among other things, that
this country. so far as the people are con-
| cerned, did not invent itself. Laughter
| In fact, we were all of us imported within
the last 800 years. and one of the most
| singular facts connected with this con-
| tempt of foreign financial policies Is the
| fact that the very men who expressed this
| contempt have adopted and nearly ruined
| this country by free-traGe policy, which
was not only invented In Great Britain,
| Dut Is COllHHeu To tlat country ~ the pres
| ent time exclusively. APPLAUSE
| II think, therefore, when we consider all
! questions connected with currency that We
| had better consider them from the point OF
| view of our not being an exception 20 the
| Divine laws thiuk we had better make
| up our minds that water will run down hill
IN the United states and that the attrac-
| ton Of gravitaton in order 10 be withstood
has got to be withstood by an equal power
In an opposite direction. Laughter and APP
! plause.l In other words, no miracles will
| be performed for US. If we are foolish and
expose ourselves to the blast we will get
| cold. and there is no amount of greatness
| on our part that VIII prevent It,
Proposed Change In Currency.
Nov, it is proposed to change the cur
rency of this country, not to change it a
| little. but to change Il seriously and radi-
cally. OF course it Is claimed that this
! change is to be for the country's benefit
| But, singuarly enough, the gentlemen who
| are advocating the change never conde-
scend to show us how is going TO benefit
| the country; they simply receive us with
a statement that we believe so and so will
| happen. Now, as | have said before, we
believe Is very good foundation for the
| orator. 1t does very well where you are
not going to contest 1t until you come to
the next world daughter and applause.
| But In the world of business I'VE believe
| Is worth nothing. [Applause.1
| You have got to show at least q reason
! able probability. One OF their assertions
| Is that If we can add silver to gold the
money of the world we shall thereby in
| crease the amount of money, and hence the
| business and prosperity of the earth Well,
| now. what is the currency? / am not going
! into any book definition of II. am going
| to give you very homely one that gave
| to the farmers In one OF my counties. II
| you have five thousand dollar house and
| sell II for five thousand dollars in gold you
have got in your hands the equivalent Of
what you sold. Suns may rise and set,
! dynasties may appear and disappear on
| earth. but so long as you keep that 5000
| in gold you have got the value of your
| house
What the Gold VIII Buy.
IF you want to buy something with that
gold you have got before you the potential
| ity of everything that there is on earth.
You can buy a 5000 bond: you can buy a
journey around the earth. rather luxuri.
ousy: you can buy dancing and music; you
can have orators discourse to you, and you
can have astronomers hunt up stars for
you to the extent of $1,000 Laughter and
applause.l
but there are some Inconvenience
about that 5000. 1t is bulky for some pur-
poses. and not bulky enough for others.
1t is liable to be stolen. And hence they
have adopted a plan of substituting II
check for It, And they can substitute any
amount of checks for that $1,000. as much
as the community will bear. How muck
the community VIII bear depends entirely
upon the confidence which the community
has in each other.
Now, that confidence varies. In 1892.
before we made our little mistake laugh
ter IL /, in Portland, Me-, made my
check on a bank in San Francisco. or had
another mans check, would put 1t in my
bank. and got credit for 1t at once. After
the panic came | did not get credit for IL
until II had been out to San Francisco and
come back. Laughter and applausel So,
you see. this whole business, all the great
transactions of the world,rest on confidence.
1t does not rest on the amount of money
there Is In the world. 1t is not fact that
anybody ever thinks of the amount OF
money there is In the world when he offers
his check to somebody else. All he thinks
of Is will his check be accepted: II 1t will. |
that is the END OF the transaction.
The Purpose OF Money.
what is all this paraphernalia of gold
and currency and checks for? Its one |
simple purpose is to transfer property from
one person to another. AS told my farm |
ers in York county, II Is a hayrack: II
carries hay from one place to another. and
all you want is enough hayracks. Now, In
the course of your life did you ever know
|