The Portland daily press., 1896-08-26

During the past two ears of President
Harrlson's administration we had in this
country the greatest prosperity. 1t was
culmllnation of a long period of pros
per1ty. The period from 1880 to 1890 was
the golden age OF the Republic. Our
| great aud busy industries were making
q pillar OF cloud by day and pillar OF
hre by night to guide us toward the lead
ersnlp OF humanity. (Applause.)
we almost doubled our railroads in
that Time; we more than doubled our
iron production. We paid off about 1000
| people put away S476, 900, 600 in the saw
lngs banks; our revenues were equal to
our expenditures and we had surplus.
1t has practically been demonstrated
that we alone cannot raise the bullion
value OF silver to n parity with that OF
gold at the 16 to l ratio. Then it will
| follow that the free coinage of silver will
raise prices but will not raise values. 1t
will enable the mine owner to get 53
cents worth of silver stamped dollar.
| That will help the mine owner. But how
will 1t help you and me? Mr.. Bryan
says il will make dollars plenty. Mayb
it will in the pockets of the mine own
ers. But how will that help you and Inc?
l have heard of man in the West who
wanted free silver if they could elect a
fair man to divide it. (Laugh ter)
| In the sweat of thy brow shall thou
earn thy bread all the days of thy life, is
| the scriptual injunction. Cheap dollars
will not help you to get something for
| nothing. -'.14eS
But free coinage will give you silver
nonomstalism, with huotuating stand
ard.
| There Is not single free coinage ma
| tion on the globe that is not en- silver
monometalio basis; there isn't a single
| gold monometalic nation that doesn t
use silver in large quantities; there isn't
q silver monometalio nation that has any
golt in circulation; and there isn't all
yer monometallic nation that has one
third the per capita circulation that we
have.
If we should go to a silver basis we
should drive out Sc, $50, 900 of gold and
lessen by one half the value of the re-
naming money. Why. these people say
they want more money and propose q
plan that will drive out half of what
we have. Silver couldn't be coined fast
enough to supply the place of the gold.
The creditor class would be fearfully
injured. Who are these creditors. They
are the savings bank depositors who have
deposited $4,000 000 gold dollars. Are
| you going to cut down their possessions?
| There are million and half of
| people who have s13, 900, 600 deposited in
| private and other banks: 2, 000 900 policy
holders in life insurance companies $780,,
| 90, 0000 in loan and building associations;
besides all those interested in fraEernal,
benevolent and similar organizations.
These are the people whom free coinage
would hurt. ewi sssna9rs
These are the men whom Mr. Bryan and
his fanatical followers would deprive of
their possessions. They are thelg great
laboring and middle classes. Then every
Eyear $40, 600, 600 are paid to the pension
| ers to the lame, the halt and the blind
They too would he cut off. m5
have said nothing about the wages of
labor. Usually when there Is a bargain
it takes two to make it But when the
| storekeeper offers his goods which you
need for the food of your family you
must pay his price. Wages on the other
hand depend upon the employer.
Mr.. DalzeQ concluded with spirited
appeal to the sense of national honor
Following Mr.. Dalzell Hon. Lee Fair
child was introduced. Although coming
at the ond of the speeches when the aud
fence was beginning to be weary Mr.
Fairohild easily captured his hearers.
HON. LEE FAIRCHILD'S SPEECH.
Mr.. Fairchild said in part:
Four years ago the Democrats told us
there was something the matter with us;
that that something was the result of
protective laws. Now they say they were
mistaken then and that instead OF it be-
ing the result of protective laws it was
due to the demonetization of silver in
1873. Now when it takes physician 20
years to find out what Is the matter with
patient, it ought to lead that physician
to doubt his own judgment; but Demo-
GRAFT Is SO busy doubting every body else
he never doubts himself. AS they now
confess they vera mistaken, four years
ago, we confess they are mistaken now,
and that they always have been mis-
taken; and that the greatest mistake
they ever made was in being Democrats
at ALL
The history of this country shows that
when the Democratic party is not laid
up for re pairs the country is There is
one good thing to be said in their favor,
however; they are like the II year locusts
they never return until all traces of their
former visits have disappeared. In OF hor
words, their hope of returning to power
lies in the forgetfulness of their fellow
men. Having tried the policy of free
trade upon US to their discomfort as well
as ours they now wish to try US with
another experiment Having made us
sick they offer US the medicine OF tree
silver the effect OF which would be worse
than the disease which now affects us.
BIMETTALLISM.
They contend for bimetallism. No
body has ever realized bimettallism ex-
cept those who trade only in their minds.
If the law of our market is above the law
of Congress, SO are the laws of the inter.
national market above the laws Of asso-
cited parliaments. There is no such
thing as bimettallism in point of prao-
tioe with the free coinage Of both silver
and gold at the same time. AS men
cannot serve two masters neither can
things serve two masters In order to
have both gold and silver circulate at
the same time under free coinage of both
we must needs have control of the supply
and demand of both and that is impos-
sible. Gold and silver both under free
coinage are like two kings in one realm, \
they spend their force fighting for
supremacy. Either the one or the other
in the nature of things, must be subor-
dinate. Silver is q Prince in itself, but
as representative of its King, the gold,
1t is greater than when it represents it.
self When 1t represents itSalf ii ia worth