The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-07-30
NOT GOOD PROPHETS
Thomas B. Reed Says the Democratic
Predictions Are Unsafe
MORE CAPITAL IS WANTED
Just as Soon as Election Is Ovor
Prosperity VIII Come to ALL
He Makes No Allusion
to Mckinley.
MORE CAPITAL IS WANTED

Alfred, Maine, July 29.-The republi-
can campaign was opened here to-day.
Mr.. Reed addressed the large gathering
as follows.
If We are going to give advice to the
people of the whole United States, l
should not take this time to do il. Just
now there Is a great deal of froth and
foam In the air, and some time is really
needful to disclose clearly to every eye
how much Of 1t is the result of the
temporary breeze, which stills at night
fall, and how little there Is Of that
heavy ground swell which shows that
great elementary forces are at work.
Two months ago no man of any stand
ing would have risked his reputation as
prophet by limiting the. slightest
doubt Of republican success. Four years
OF actual trial of the opposition, under
guidance Of its best and twice trusted
leader. has left no shadow Of question
as to public duty.
1.-TWO months have slipped away
hardly time to ripen a strawberry.
much less a system of finance-and
there are those who tell us that all
things have changed. but these very
men who were being arrayed for decent
burial had burst the cerements of the
grave and, transfigured. by some new
arrangements of crowns and thorns
and crosses of gold, were to lead us to
a new happiness and even repair all the
damage they themselves had wrought.
Now this may be so. but to me 1t does
not seem probable. Human experience
In every walk of life teaches us that
those who have blundered will blunder
again, and that the wisest course is not
to employ a ship captain who has
Ioe ef chtnuuraak hui
the sailor who has never lost a ship, a
passenger or letter. but has held safe
through every sea. He may have lost
masts and sails and even been rudder-
less for hours, but IL he has every time
come safe to shore. better have him
than all the landsmen who are forever
shouting what they can do, and never
dare to tell Of what they have done.
Boosters are not worth knowing. Deeds
are facts, and are forever and ever.
Talk dies in the empty air. Better
pound Of performance than shipload
Of language.
1.-TWO months ago, as I have already
said, everybody conceded the election
of the republican ticket. What has
happened since then? Have the four
years Of history been biotted out? Not
one scrap Of 1t. Is our condition better?
Rather worse. We are all In bad way
and something must be done. Let us
see what Is proposed by those gentle
men who. within the last two months,
have discovered new cure for all the
ills flesh Is heir to, and who proclaim,
as they did four years ago, that they
hold prosperity In their grasp. Their
remedy is the coinage Of silver, l6 to 1.
What does that mean? Heretofore
whenever gold and silver have stood
together It has been at the market
value. When we tried to make gold
and silver circulate together. We have
always married them according to their
market value. To-day we find them not
16 to 1, but 81 to 1. and they are going,
they say, to lift silver to twice It's
value, not by the universal sense of
mankind. which alone makes value, but
by the statutes of the United States,
single-handed, against the civilized
world. Why should the United States
try to do this alone?
II won't discuss the question wheth-
er, with free coinage, silver will rise
to par or not. Very few people claim
1t will. and IL they did l could not be-
lieve them. / was told in 1890 by two
of the most sincere. as well as the
ablest silver men, that the purchase OF
4,5O0, 900 ounces month would raise
silver to par. and when we did buy 1t,
silver went down like lead. Silver men
have not been good prophets In the
past What we want is not more
money but more capital-money al
ways comes with capital. We have
money now, more than We can use. ly-
ing idle. We have exported large
amount of IL. Money Is the transferer
of capital as a hay rack and horses is
a transferer Of hay. More hay racks
will never make more hay. but more
hay will require more hay racks. and
it's sure to get them. Our capital is
great but the United States is verv
much greater. There are millions OF
square miles and 75,000.0O0 of people
and undeveloped riches without stint.
But there Is not much capital, not near
enough to keep 75,000,O00 people at
work. When are we the most pros
porous? 1t Is when the 75,000,OO0 are
all at work. and when that happens
we borrow Of the rest Of the world
thousands of millions of dollars.
Now, Just as soon as this election is
over and the future position Of the
United States is assured. both as to
money and as to the employment of
our people, capital is ready to come to
us. from abroad and from our own peo-
pie, and we shall again be prosperous.
M'KlNLEY HAS A BUST.