The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-09-24
DELEGATIONS AT CANTON.
TWO PARTIES CALLED TO PAY
THEIR RESPECTS TO THE NOMI-
NEE.
ONE LADIES' CLUB IN THE CROWD.
and the Wood County, Ohio,
Visitors.

etliSi Tie SScOIlU from Muncl0, ina. Inc
latter came on a special train Of five
coaches and included four bands, the
First Voters club, Prosperity McKin-
ley club and Veteran soldiers. The
address for Wood county was made
by Attorney E. A. Neadham. To the
Indiana delegation Mr.. Mckinley said:
1t is needless for me to say that I am
greatly honored to receive this call from my
Fellow citizens of Muncie, in the state OF
indiana. | am glad to meet the first voters,
the old veterans and the citizens generally
who have called to give me assurance of
support and to tender expressions of good
Will and congratulation. l must congratu-
late this assemblage of Indanans upon the
selection OF their spokesman, who has de-
nvered before me so able and eloquent and
telling speech. Applause.) He has said
That 1T is understood | am an American. -
That is altogether true. (Appiause) / be-
lieve in America for Americans, native born
and naturalized. Applause) believe in
the American payroll daughter and ap-
plause) And l do not believe in diminishing
that Payroll by giving work to anybody else,
under another flag, while We have an idle
-Four years ago, the laborer was agitating
the question of shorter hours. We then had
so much to do; have heard no discussions
OF that kind for four years. daughter and
applause.) But l have never heard of the
laborlng man discussing the desrability of
having short dollars. The complaint = the
chief cause of complaint Of our opponents
is, first, that We have not enough money,
and, second, that our money is too good
Q4aughter.) To the first complaint / answer
that the per capita Of circulating medium
sso-called crime of 1878 than it ever was be-
fore. (Applause) And that it has been
greater in the last five years than 1t ever was
IN all our history. We have not only the
of 1t per capita than most of the nations
OF the world. (Applause.) We have
more nor money per capita than the United
Switzerland. Greece, Spain,, Roumania, Ser
via, Austria, Hungary, Norway, Sweden,
Denmark, Russia, Mexico and the Central
Japan and China. Applause.) So that some
reason other than the lack of money must
be found to account for the present condi-
ton of the country.
is too good it would seem to be enough
that the money of any country cannot be
TOO good, and that no nation ever suffers
from having its medium of exchange of the
highest and best quality. Great applause }
1t has been poor money-not good money
that has been the cause of so much loss
and ruin in the past, both to individuals and
to nations. (Applause.) The older men of
this audience will remember that before the
war we did business with an uncertain and
huctuating currency, known as state bank
money. Many of these banks and their notes
were absolutely sound; but for the most part
they were subject to a discount. The total
hhumoer nun, OF banks IN 1850 exclusive of state
the counterfeit detector," then in constant
use, reported S32 as broken, closed failed
fraudulent or worthless The notes of these
banks were in circulation among the people
and had been received by them for their good
labor, and their good products. They were
absolutely wothless, and of no more value
than the paper upon which they were printed
Upon whom did this loss fall my fellow
citizens? There is scarcely an old gentleman
IN IN this audience who will not recall that it
Ien ~ upon the laboring man and the farmers
of the United States. l allude to this only
to show that those who suffer most from
poor money are the least able to bear its
loss; II is the history of mankind that the
least valuable mony which will pass cur
rent, is the money that at last finds it's rest
ing place among the poorer people and when
the crash comes, the loss must be borne by
them. And l doubt If there is man In
this audience who has not, among the be-
iongings of his family or the family of his
father, some of that old bank paper as q
$40 at home myself.'O
cannot imagine any interest that can be
permanently subserved by having poor
money. The bare suggestion OF such rrono-
sltlon to man of reason meets its instant
rejection. You will remember that from 1852
to 1879, we did business with paper money
exclusively. we had neither gold nor silver
and you will remember that gold was con-
stantly at premium, ranging from 40 to 100
per cent. Then when a man wanted to bor-
row money he had to pay higher rate Of
n
gold basis. (Applause) When we were
doing business with a deprecated paper
money, interest was very much higher to
the borrower and to the debtor than II is
now. l can recall. when here in Ohio. the
ruling rate of interest for that paper money
was 10 per cent annually, and often l per
cent month or IL per cent a year. Do you
remember that, men of Indiana? In the DAYS
OF greenback currency you paid from 10 to
IL per cent for your money. The ruling rate
here In Ohio for what some people are pleased
sfrrr0 hum ,dr15 \ -
per cent today. 1t may run as high as g. and
possibly that has been the ruling rate during
the last two or three years, but that is be-
cause this distrust has fallen upon the conn
try, and men who have money will not part
with 1t and take chances without a higher
rate of interest.
Money can now be borrowed at a lower rate
of interest than it could have been borrowed
at any time from the days of 1860 to the days
OF resumption. What more healthful sign
than this fact that a dollar sound the world
over can be borrowed at less rate than ever
before. That money Is hard to get is not
because 1t is scarce, but because those who
have it keep it, fearing to loan 1t because
of the unsettled business condition of the
country. Money today Is idle because 1t can
not be proftably and safely invested by those
who have it. 1t is neither a lack of volume
of our money nor the quality of the money
that is our trouble, but lack Of confidence
In the steadiness and stability Of business
The threat Of free silver is driving our
money into hiding today: the way to bring
IL out is TO restore commence, ana now will
you restore confidence? There is only one
way. 1t is to defeat through the ballot the
party that destroyed confidence.
The way to restore prosperity Is to defeat
through the ballot those who have DESTROYED
prosperity. We cannot restore the business
of the country so long we do so much of
our business abroad. Let us bring 1t back
home again for our people and our own
labor. We do not believe that the way TO
restore confidence is through the mints of
the United States. We can only restore con-
currency, but through policy that will re-
store the wasted revenues to the public treas
ury and rekindle the fires in American work
shops. / thank you. my fellow citizens of
Muncie. more than / can find words to ex-
press, for the compliment and courtesy and
honor of this call. You have come a great
distance and I appreciate your coming. be-
lieve that the success of the Republican
cause will be for the welfare and prosperity
of the people of the country. l will be very
glad to meet and greet each one of you
personally.
The first of two trains bringing a
delegation from Wood county to call
on Maj Mckinley reached the Valley
depot at Las. 1t brought the Ladies'
Mckinley club of Bowling Green. the
members wearing white Tam-O' Shan
ters. with gold bands; the Mckinley
First Voters of Bowling Green, in full
uniform of white, the Bowling Green
Mckinley and Hobart club, with old
gold hats. two bands and a number Of
unorganized citizens. A second train
followed an hour later
neToUaro naJIar na,r~-