The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-10-02

wealth.. All the raw IttdlSTldlS are mere
at our disposal, the gift of good God.
When you give this raw material
thought it makes wealth. This wealth
belongs to the one who does the work.
The wealth is where the work is done.
There is no wealth in exchange. We
can't eat our cake and keep 1t too.
This Is one of the principles that runs
through the economy of nations. Until
two or three years ago everybody In
the Twin Cities was busy and happy.
But in 1893 our proud cities were strick-
en- down. We asked what was the
matter, and somebody answered, 1T
was the poison taken in 1879 know
how you struggled here to find work
for your people as we did in Mime
apolis. The trouble was we were short
on work. There was want Of conf
dence. want of money, want Of work.
That's why l say we want a policy
that will encourage work In our native
land. We can so adjust our industrial
situation, without injustice to any
man; then prosperity will return to us.
A few years ago we bought all our
tin; today we make 95 per cent Of all
we use. We ought to make all our own
sugar and save the more than $780,
100000 we send abroad for sugar an
nually. It's work, work, work, the cry
everywhere A fair minded policy is
needed to bring about a return of
DrOSOorltY.
Money is a medium Of exchange.
There was a time when heads of ami
mails, shells and minerals were used for
money. There was continued progress
in the adoption Of the medium, until
finally the two metals now under dis
cusSion were adopted. In the early
history of the country there wasn't
much money. The Indian, the trap
per, the trader used shells, the skins
of fur-bearing animals. Then same the
time when New York state passed a
law demonetizing wampum. During
the revolution we had only English
gold and silver, and the government
had to issue paper money. That was
cheap money, according to history
George Washington said 1t took a cart
lead of money to purchase a CARLOAD
of provisions. The brightest minds of
the country were bent upon establish
ing for the United States a sound mon
ey, after the close of that war Alex
ander Hamilton, the brightest man of
his time. writing of that effort to estab-
lish financial basis, fixed upon gold.
though he favored the use of silver as
well. History has proven his ideas
absolutely correct. There have been
changes and revolutions in the condi-
tons of silver but not Of gold.
Men, not metals, are mentioned In
the Declaration Of Independence. Met
ais haven't any rights. They are the
have been confused with the desires Of
silver mine owners in this campaign.
Silver is not grumbling, and will not.
It must be used as we please to ad-
vance our best interests. There was a
time when I'VE said to all the world.
bring your gold and silver and we will
coin it for you. There was the COM
nlercial and market value Of the met
ais, and gold grew obstreperous and
wouldn't associate with the silver. The
silver went to the mint, but the gold
staid away. Thomas Jefferson stopped
the coinage Of silver dollars, and down
the years until Madison's time there
was not silver DOLLAR coined. In
1884 the gold had been drawn from the
country, and the financiers OF that
time changed the ratio again. They
made it 16 to 1. But they went little
too far, and silver left the country.
Then came the discovery of gold in
California. Congress took the matter
up again. England had adopted the
single standard, while we were get
ting along on gold as best we could.
Not many years ago there were several
standards of measurement for gauges
of railroad tracks. This diversity was
a great Inconvenience to commerce.
Changes were made gradually until
last year the last road was changed
to the one standard of other roads. We
are already on the gold standard. We
had learned by experience what was
best for us and adapted ourselves to
that single standard. There Is law
that cannot be disputed-you cannot
have both gold and silver with UNI
limited coinage and keep both metals
in circulation.
I'm 1873 the mine owners were max
ing money and persuaded congress to
pass a law authorizing the trade collar
1t was heavier than the standard dol
lar. and the law permitted any owner
of silver bullion to take it to the mint
and have 1t coined into trade dollars,
provided they were not circulated IN
the United States. These coins were
for circula ton in India. Finally. when
silver began to go down in foreign coun-
tries, these dollars came back here and
went into circulation. This coin, eight
grains heavier than the legal tender
dollar, Is actually worth only sixty
cents in gold, and that's all you can
get for it. The legal tender dollar back
ed by the government, Is worth 100
cents in gold. One is Uncle Sans
money, the other g. dollar coined on
private account. It Is a genuine Bryan
dollar.
1.-THE free silver advocates tell us
that the price Of silver affects the price
of farm products. Does silver discrimi-
nate against farm products? No indeed.
Silver has no more relation to the price
of products than 1t has to the number
Of bushels a farmer raises. Gold Is
scarce 1t is found in rare places and
mines at great cost. Silver Is plentiful
and cheap. There Is so much Of It,
and is so easily mined, that 1t can be
places at 80 and 40 cents per ounce.
No wonder the metal Is not worth
$129. How many of you think If we
open our minis to the world for free
and unlimited coinage, silver would rise
to that price? Hold up your hands.
One, two, tfree-a dozen in this great
audience"
A man who had interrupted frequent
ly with questions rose and demanded
GER subdued the disturber, while the
speaker with good natured sarcasm
awakened the cheers Of the audience
by referring to the lack of mental bal
ance exhibited by advocates of free
coinage. He then continued:
What we want is confidence. There
are few people who believe silver can
go to S1.29. Parliament or congress can
not bring this about. But If 1t should,
you WOutQ nave the same OOlldr. GU
have doubled the price of silver, but
the price Of wheat is where IT was.
You have made Mexico, India and Eng
land, whom you hate. rich. You re
member the story Of the boy who ask
ed the doctor the. difference between a
mushroom and a toadstool. Eat It,
said the doctor. IF 1t kills you, 1t is
a toadstool' So think you will find
this question, If you follow Mr.. Bryan
Oh r,ffC fQa Ict0o1 /"
Mr.. Eustis then quoted from William
WINDOWS final speech. interrupted