The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-08-20


son, Benton, Hunter, Lincoln and Grant.
Let us maintain silver and gold at par
with each, at par ut the legal ratio of 16
to l until II council among the nations
can prescribe common standards of value.
In the meantime let no action be done,
no policy adopted, no eXpedient resorted
to that will tarnish the honor of this
great republic.
Senator Sherman's speech was fire.
quently interrupted with applause.
When Governor Bushnell next intro
duced Senator-eect Foraker there was
another demonstration. The audience
was eXpectant and Senator Foraker was
alive to the situation. He said he had
prepared his speech for the press in ad
vance, in compliance with an urgent re-
quest, but that he would speak as the
impulse of the moment prompted him,
and it was Il remarkable speech that
swayed the immense audience at his will.
1t was replete with pungent phrases,
bright sallies and brilliant metaphors. He
said in part:
SENATOR FORAKER'S REMARKS.
MY friends, we have new issue this
year. The democracy has started new
issue. Why is it they have made new
issue? Did not the democracy know
everything there was to know from the
peSllHlnS l. VIII tel sou WHY IL Is, WHY
we have a new issue. They have run
completely out on the old. They were
whipped to standstill before they start
ed on the tariff, because, unlike 1892, we
now all of us understand the tariff ques-
ton. You can not find laboring man
anywhere in the United States who does
not understand without an argument that
if you make product across the water
in some other country you do not have to
make it in this country; that if you make
it over there there is an increased demand
for labor over there and that much less
demand for labor over here.
That is what the laboring man has
learned.
The farmer has learned something,
too. Times have been pretty hard on
him. He is selling his products at the
cheapest price ever known since before
the war. He has found out that to have
Il good demand and to get prices for his
product he must have good home mar
ket. and then there is Uncle Sam him
self. He has found out something. In
the twenty-seven years the republican
party controlled this country after the
close of the war down to 1892, we paid
off and cancelled forever more than seven
millions of the public debt. During the
three years and fraction of the demo-
cratic free trade rule they have paid off
nothing but have increased the public
debt more than S262, 100000. Uncle
Sam is just now calculating how long
at that rate it will take him to get out
of debt. He has made up his mind. like
some of the people did in 1892, that he
wants change and a change he will have
just as soon as the law and the constitu
ton will allow.
Now, my fellow citizens, / would rather
trust the judgment of John Sherman on
IA financial proposition than the judgment
of Mary Ellen Lease. | would rather,
on a profound constitutional or financial
question. follow the leadership of Ben
iamin Harrison than that of "Pitchfork"
Tillman. | would rather trust Governor
Bushnell than Governor Hogg, no matter
how false he may be- and would rather
follow the leadership of gallant Govern
or Mckinley with all these great repre-
sentatives of sound money, sound prOtec-
ton, sound patriotism and sound every
thing else than to take the 'boy orator
of the Platte with all these people con-
trolling him. | read a day or two ago
and it took me a day or two to do 1.-THE
speech made by the boy orator of the
Platte when he was notified in New
York. 1t occupied eight columns of close
print | read every word of it; and when
I got done with it, thought | knew why
he was called the boy orator of the
Platte Geography tells us that Platte
u thousand miles long and only six
inches deep, and as | closely read it | had
another thought about him. | said out
loud. Mr.. Bryan made himself by one
speech and now he has unmade himself
by one speech.
"No man will ever be made president
on that speech. What is the nature of
this case? There is n great effort being
made to create the impression that the
republican party has changed its position
in regard to this matter That is not
true. The republican party has, not
1t is more explicit in its deca-
rations this year than eyer before, be-
cause the circumstances were such as to
require a more explicit declarations but
the republican party has declared this
year for identically the same thing it de-
clarcd for in 1892. / know-l was there.
Our declaration in 1892, and our decla
ration in 1896 are both declarations in
favor, as said minute ago, of bimetal-
ism when you can have it. and we think
we can have it by an international agree
ment, but declarations in favor of main
tanning until then the existing gold stand
ard and not being allowed to be driven
to n silver standard.
"Now, what is the policy that we have
been having? What is the policy that
we have been having for the twenty
three years? Senator Sherman has been
telling you how we maintained gold and
silver at parity; Mr.. Bryan seemed to
think he ought to say something on that
point. and he stated in that speech made
in Madison Square garden, to which i
have referred, that we have been able to
silver dollars, counted in the ra-
ito of 16 to l, at par with gold, because
the silver dollars are legal tender. That
is not the reason at all. The reason sill
yer dollars are maintained at par with
gold is because silver dollars and every
other form of United States money are
in gold. | saw them selling
Mexican dollars on the streets today and
thought l would like to see them. |
10 not want to pass any of them off on
but | sent down and got n
couple of them. | have them here. Here
ire two Mexican dollars. | bought them
or one United States silver dollar.
There are six grains more of pure silver
n each of these Mexican dollars than
here is in this one United States silver
lollar These Mexican dollars down in
Mexico are legal tender. They are
worth down in Mexico, where they are |
egal tender, just what they are worth !
lere in the United States. You can buy |
n the City of Mexico with one of our
silver dollars two Mexican dollars, or |
practically that, few cents difference. |
Why is it? Is it because the Mexican |
lollars are legal tender? No If is he |