The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1896-09-05

fathers instituted in our system of gov
eminent, and whenever a tumultucus con-
gress disagrees with the supreme court
and a subservient president is In the white
house. that ths judgment OF the court
shall be reconsidered and reversed by in
creasing the number Of judges and pack
Ing the court with men who will decide
as congress wants them to. (Applause).
cannot exaggerate the gravity and the
Importance and the danger OF this assault
upon our constitutional form of govern
ment.
II do not intend to spend any time in
the discussion of the tariff question. That
debate has been won, and need not be pro-
tracted. 1t might run on eternally upon
theoretical lines. We had had some ex-
periences, but they were historical and
remote, and not very instructive to this
generation. We needed an experience of our
own, and we have had II. 1t has been
hard lesson, but very convincing one,
and everybody was in the schoolhouse
when II was given him. A panic In 1898
OF most extraordinary character has been
succeeded by a gradual drying up, less
and less. until universal business distrac-
ton and anxiety prevails over all of our
community. ] do not believe there has
been time, except, perhaps, In the very
heat OF some active panic. when universal
business fear and anxiety and watchful-
ness, even to the point of desperation,
as 1t does to-day. (Applause). Men have
been afraid to go away for vacation.
They have felt that they must every day
In this burning heat come to the city and
watch their business. That is the situa-
ton.
what has brought 1t about? Gentlemen.
who is there TO defend the Wilson tariff
bill? Who says II is a good tariff meas
ure? "A voice: "Nobody."l l don't be-
lieve candidate can be found to say that
IL, r. al... 4 1tAt
so bad that he could not attach his official
signature to 1t, and 1t became a law with
out It, He said II was full of incongruties
and inequalities. What has been the result
of that measure? 1t has failed to produce
revenue enough, supplemented by our in
ternal taxes, to maintain the government.
There has been an annual deficit approach
ing $5oOO,OOO every year, and the national
treasury has been continually in a state Of
embarrassment Our manufacturers, left
without adequate protection, have been
successfully and gradually closing up and
putting out their fires But not only has
this produced such an effect, but 1t has
practically contributed to the financial de-
preston that we are in. The maintenance
or the gold reserve up to 800 900 by the
government for the redemption of our
notes was essential to confidence in the
stability of our finances. When the gov
eminent reserve runs down, people begin at
once to say: We may come TO silver
| basis II gold Is going out The reserve Is
generally down and this fear is greatly
increased. but how can you keep gold re-
serve or SlOO,O0O,O00 when you have not
got 800. 900, 900 in the treasury all told? How
can you maintain this gold reserve for re-
demption OF notes when you have an an
nual and continuous deficit and your in
come not equaling your deficit? So that
my friends, this tariff bill has not only
contributed, by increasing importation,
fot.
our own manufacturers, but IL has con-
triputed IN the way of increasing the sill
yer scare to bring us into the present con-
dition of distrust and dismay which now
prevails. lApplause.l
But do not intend to follow that ques-
ton further. | am quite as much opposed
20 cheapening the American workingman
ana working woman as am to cheapening
our dollars. (Applausel. ! am quite as
strongly in favor of keeping days work
at home as am gold dollars. (Applause)
My friends, as republican. am proud
OF many things, but l can sum up as the
highest satisfaction l have had in the party
and its career that the prospect of repub-
licen success never did disturb business
tApplause). In connection with this finan-
cial matter. do we all realize how impor-
tant the choice OF president is? Do YOU
know that, as the law is now. without the
passage of any free coinage OF silver at
all, ii is in the power of the president OF
Ire United States to bring the business
of the country 10 silver basis? All he
has to do is TO let the gold reserve go,
to pay out silver when men ask for gold,
and we are there already. 1t is only be-
cause the presidents OF the United States
that we have had and the one we have now.
have regarded IL under the law Is his public
duty TO maintain the gold basis, main
tanning that parity between our silver and
gold coins which the law declares is the
policy OF the government, and because he
has the courage to execute the powers
SiYen to him by the resumption act TO
carry out that declaration of public law.
| undertake., therefore, to say that II Mr..
Bryan, or man holding his views. We're
ir the presidential chair. without any legis-
laton by congress, we should be on sill
yer basis in weeks time. (Applause).
"The silver question-what is It? Do you
want silver because we want more money.
a larger circulating medium? / have not
heard anybody say so. Mr. Bryan Is not
urging II upon that basis. II anybody were
to seek to give that as a reason for wanting
free silver he would be very soon con-
founded by the statement that free silver
would put more gold out OF circulation
than minis OF the United States could pos
sibly bring In In years of silver, and that in
stead of having more money we would have
less. Applause With our six hundred
and odd million of gold driven out of cir
culation we will reduce our per capita
money OF this country between eight and
nine dollars. So 1t is not for more money.
We have an abundant supply of circulat-
ing medium-gold. silver, national bank
greenbacks. treasury notes. fractional sill
yer. We have something like S23 per capita
of our population. What is IL. then. that
creates this demand for silver? 1t is OPEN
ly avowed. 1t Is not more dollars, but
cheaper dollars that are wanted. 1t is
lower standard of value that they are de-
handing They say gold has gone up until
1t has ceased to be proper standard OF
value and they want silver But how do
they want 1t?
Now, my friends, there Is a great deal OF
talk about bimetallism and the double
standard and a great deal of confusion in
the use of those terms. Bimetalism is the
use of the two metals as money where
they are both used. BY double standard
they mean that we shall have gold dollar
and silver dollar which will be unit Of
value, by which all property and all wages
and everything is to be measured. Now.
our fathers thought that when they used
these two metals in coinage they must de-
termne the intrinsic relative value OF the
two, so that a comparison of the markets
of the world would show just what relation
one ounce of silver bore to one ounce OF
gold: how many ounces of silver 1t took
to be equal to one ounce Of gold in the mar
lrat af tlA xxrha at,I otlx