The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-27

you can Judge those standards, and 1
| think that Professor Sturtevant has suS-
gested the means by wphfch you can ar
hive at an idea OF this subject. You will
find that he says This function Of mon
| ey becomes very important in the case
Of time contracts. If one contracts TO
pay 100 bushels of wheat in twelve
months, the next harvest may be very
bad one and then a bushel is worth
twice as much as when the contract was
made. This makes the transaction in
equitable and such liability will make
men alverse 10 all time contracts, and
throw a great inpedient in the way of
the working Of the mutual law Of ex-
change
NOW, say that the doctor recognized
that when man made contract he
ought 10 be paid in the same way. with
the same quantity Of value it had when
it was made; and he goes on TO argue
that If you attmept to make contracts
in any kind of commodity, those fuc-
tuations in value would make the con-
tract inequitable, and then he turns 10
gold and silver and says: In the two
metals, gold and silver, we have substan-
ces which possess to a degree quite Won
derful the essential quality OF money
universal disturbances. They sustain
such relation to human taste and use
that they have been universally desired
all along in the worlds history, from the
earliest antiquity of which we have any
authentic record. Nor is there any rea-
son to suppose that in the future, how
ever distant, they are to be supplanted
from that place in human regard which
they have always occupied And a little
further along he says: Gold and silver.
considered as standard of value, are an
ocean flowing around the whole econo-
mic world and very large additions at
two or thre points are Immediately dis
tributed to all parts, like water, which,
forced into the ocean from single river,
can nave no appreciable effect upon It's
level
THE DOCTOR AGREED WITH HIM.
81 wan glad when 1 began to study the
money question, to find that DR.. Sturte-
want recognized that the great thing de-
sirable in dollar was stability, and l can
find no better illustration than the one
/ first quoted you, where he speaks OF 1t
being negotiable 70 compel man to
deliver 100 bushels of wheat when wheat
has doubled in value. Now, you know
the whole bone of contention, in this con-
test in which we are engaged, is as TO the
kind of standard giving you the best dol
lar. There are some people who talk
about honest dollars without exactly de-
fining what they mean by that, so that
you have TO take their conclusions in
stead of being able to form your own
conclusions. We believe that gold and
silver, used together. give more stable
dollar, a more equitable currency,
more Just standard than could be obtain
ed from the use of one, with the other
eliminated from use; and the very argu-
ment which DR.. Sturtevant makes, that
a short crop of wheat viii make wheat
rise in value, applies 20 money, because
if there Is short crop of money, money
rises in value. Now, the crops are de-
termined usually by the weather and by
various things which men may not con-
troll, and If you by law make your crop
of money short you raise the value or
the dollar, and If you raise the value OF
the dollar you produce the same inJuS-
tice 10 the man who owes a dollar that
DR.. Sturtevant calls attention TO in the
case of wheat, that doubles IN value.
WANTS THEM TO REALIZE.
'Now, I wan. you young men TO
realize that when You have received
great advantages. great responsibilities
go with these advantages and that yon
have no right, as citizens in a land like
this, TO keep in darkness upon any pub
lie question; nor have you right to
listen TO any persuasions except the per-
suasions which come from your con-
science and your judgment. / appre-
ciate the advantages of a country like
this. You may have had people tell
you that my ideas are antagonistic to
Our form OF government and 10 law and
order. But l want you 10 believe me
when l say that there is not a person in
this country who loves our institutions
more than 1 do. or who feels deeper
interest in their perpetuation.
LOOK AT Me. FOR INSTANCE.
"And what young man has right to
prize our institutions more than have?
In what other country is IL possible for
a Young man 10 accomplish as much as
he can in this country? In what other
country is 1t possible for q young man
with nothing to commend him except
mis- interest in the cause, TO be selected
by those who believe with him, TO carry
out their ideas
81 so much prize the advantages of a
country like this that l want 10 keep
this government as our forefathers in
tended ii. / want il to rest securely
upon the foundations which they laid. SO
that ii viii guarantee equal rights 10
every citizen and give special privileges
and advantages 10 no citizen. l want
it 10 still be so that the child OF the
humblest citizen of this land may be
able to aspire 10 any office to which his
abilities or his ideas or his labor or his
integrity hts him. And II is because
realize. as think ! do, some OF the in
| fiuenees which in society are tending 70
close the door OF opportunity 10 young
men, that have felt the Indignation
thar have expressed against great ag-
gregations OF wealth. which have IN
many instances trampled upon the righ,
OF weaker members of society and have
| attempted by the power which they can
| command to drive out competition and
then prey upon society after it has been
| rendered helpless and lies st their
| mercy.
| WHILE HE HAS THE CHANCE.
But, my friends. I am here more to
| greet you than 10 talk 10 you, and have
| 6igresSsd only This much because have
50 little chance 70 have my SIDE heard
in some OF our institutions OF learning
| that do not feel that l ought 70 negiec-
an opportunity 20 say q word in the dc.
! tense OF the cause for which I stand.
Il read in the papers that in various
/ institutions OF learning they are nearly
! all against me Ny friends, if 1 shoul,
| read in the papers that there was not .
/ college professor. not q business man.
| nor a man prominent IN society. who
| believed il what am teaching. while ]
| believe II IL l would Still teach Il