The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-08-29

vi piopcItN' NaI Is what we have
seem constant appreciation of money
ana depreciation of property. He said:
Instead OF these we will have expansion
to the extent of doubtless So 600 900 per
| month, and under its influence-now
what Is going to be next? Mr.. Carlisle
knew in 1873; he said: Under its in
fiuence the eNchangeable value and the
, commodities, including labor, will soon
begin to rise That is what he said i'm
1878. But what will be the effect of it,
'Ihus inviting Investments, thus infus-
ing LIE into the dead Industries of the
country and quickening the pulsation of
trade in all OF It's departments He un-
derstood the laws of finance. He under
stood that was the effect of adding this
money To the circulation and, my friends.
IL he stated the truth then, that truth
has not changed since then, nor can il be
changed, though every one who spoke for
it should turn his back upon it. (Ap-
plause.)
Truth lives. 1t is the one thing that
VIII not die. quote to you to show YOU
that by the increase of the volume of
money we expect to stop the constant an
probation OF money and the constant de
probation OF property. There is differ
ence between the owner of money and
the owner and producer of property Let
us Illustrate. Suppose Il man in this
commuhity-a young man-finds some
young woman who is willing to trust
her future to his strong right arm and
they start out to build Il home. Nor
having enough money they take what
theN nave saved together and they buy a
farm, paying 81 900 down and giving, A,
mortgage for the other thousand. And
what is the result. Suppose money rises
III value. suppose you take n notion
that you want Il good dollar. "A high
priced dollar, dollar that ceps getting
highcr-priced each day suppose that
you get Il dollar that gets To he twice as
good rs it was when the man rave the
mortgage. 1t means that each dollar
Will buy twice as much. IU means that
1t VIII take twice as much of the pro.
ducts OF the farm to buy the dollar and
pay his debts as it did before What is
the result Why, the result is that
while it requires twice rs much of the
products of the farm to pay the interest
and twice as much to pay t! e take and
twice rs much to pay the debt. the man
ilnds out that he is not able to nav that
debt as he agreed to do What then,
You say extend the mortgage WHY
they tell him that the land has gone down
in value now and that the farm is not
worth enough to be good security for the
thousand dollars; then what. There is
one thing. He can turn the farm over
TO the man who holds the mortgage.
That he can always do. What is the re-
suit? He and his wife has lost the 81 900
they invested in the farm They have
lost the labor they have put forth in try
ing to pay the mortgage, and then they
lose the farm and start out in life again.
How about the .other man who sold him
the farm and got the 81 900 down? If he
Loaned that 81 900 he got security for his
81 LOCO and he has the 81 900 within his
reach, and then he gets his farm back.
| ask if there is any difference between
the holder Of the capital and.the owner of
property in the appreciation of the dol
lar? The man with the money is twice
well of. "a
II assert that the gold standard could
not live for one day in any nation under
the sun without the aid of money owners
and the money changers to keep il i'm cx-
istcnce. assert that the gold standard
has never received the endorsement of any
class of people except those who prosper
as society is destroyed by rising dollar.
Now want to say To You that my dcnun.
citation of the gold standard is sustained
by events which You can see Let me
give YOU proof. If man tells YOU the
gold standard is IA good thing, YOU ask
hIm why 1T is that no party in the his
toiN ol VIC Cnltcu states has ever lie
clared for gold standard in its platform.
Is not 1t strange if the gold standard is II
good thing that no party has ever seen
fit To say so in platform: and that is
true. 1t is true that no national party
has ever endorsed II gold standard and vet
there are people who favor it. Why don't
they have the courage to write a platform ,
and risk an issue before the people? But
no, they do not do that They 90 to St.
Louis and adopt Il platform which says
that the Republican party pledges itself
to secure bimetallism, which, of course.
Is Il denunciation of the gold St.".,,ir,;,
(Applausel II tile gold standard is good
why should we try to get rid of it? (Ap- ,
plause.) If the gold standard is good why
did not the Republican party pledge
itself to help keep gold stand drd5 But
no. 1t pledged itself to get ria of the gold
standard Just as soon as other nations
will help. (Applause) That is not NV
language, my fricn.is, that is the Ian
guage of the Re publican platform and
that Is the cor .struction placed upon it by
the cahuio".U e who runs upon it in his
letter OF acceptance. lie says in his letter
tina, Che American people cannot enter
Gpon bimetallism without the concur
rent action of other nations Does he say
that we shall maintain IA gold standard
for one year? No. for four years No.
but that we must maintain it forever if
other nations say we must. (Applausc)
1t is not a question of politics, my
friends. Whole parties are divided on
this issue. 1t rises above the question of
politics They have declared against the
right of the people of the United States
to govern themselves. They have de
ella red that while we want IN rid #