The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-09-24

long! my, we must retain it until
foreign nations desire lis to get rid of it
and Will let us get rid of it. Gap
plause.)
In this city, where Patrick Henry
made his famous speech which aroused
the nation to arms, | am not afraid the
people will permit foreign financial
control when more than 100 years ago
your ancestors were willing to give their
lives, If need be. to relieve the colonies
from foreign political control We are
IN favor of the restoration of the I'M
limited coinage of both gold and silver
at the present ratio of 16 to 1 without
waiting for the action or consent of any
other nation. (Applause.) We are in
favor of it because bimetallism is
needed to. give to the people sufficient
volume of standard money to keep pace
with the population and business. The
treasury department shows II shrinkage
of more than $150,000,000 in the cur
rency of the people within the last two
years. The republican party does not
propose any plan by which the volume
of currency shall be increased. They
simply desire the people to turn over
our financial system to few syndcates
government-eXtremit which those
syndicates have done more to create than
any other cause. (Applause)
I'VE apply the law of supply and de-
mand. We say the value of dollar
depends upon the number of dollars and
that you can raise the value of a dollar
by making the dollars scarce. and we
charge that our opponents are in favor
of making money scarce, because they
are controlled by those who want money
dear. If you are in favor of gold you
ought to vote the republican ticket.
You ask why it is that anybody in
this community can favor gold STAN
dard. | will tell you why some people
Ill some communities ! know have favor
ed Il gold standard. | have known mer-
chants who were notified that unless they
supported the gold standard they could
not obtain an extension on their notes mt
, the banks. and that was brought about
by the facts that some banks are notified
from New York unless they use their in
tluence i'll favor of the gold standard they
can not discount their notes in New
York. and the New York banks are mott
fed that unless we have financial poll
cy run on the European plan England
can not let us have money. (Applause)
, DO you tell me that we do not need
any more money in this country? | point
to the fact that the advocates of the gold
standard rejoice whenever any money
} comes to this country. They point to
this as evidence that there will be better
times. Ii we have enough money in
this country why should we want any
money to come from abroad. Gap
plause, yells and cheering.)' If it is de-
sirable to have money come from abroad,
enough money here, and if we have not
, enough money now it is better to let the
money come out of our mountains and
our own money than to borrow from
/ abroad and have to pay it back with in
terest some time. (Applause.) They
tell us that the election of the Chicago
, ticket will drive gold from this coun-
try. l want you to remember that the
, mere nomination of the candidate for
president on a free silver platform has
, been bringing gold to this country for the
, past few weeks. Great applause.) Ny
/ friends if nomination will start such Il
, flow of gold to the United States, what
will be the show when we actually have
, a president who is for free silver? Gap
plause.)
Our enemies tell us that if we have
free coinage of silver other nations will
, get our gold. | want to say that the mo-
ment this nation opens its mrts to the
free coinage of silver the creditor nations
will have to join us in the maintenance
of the value of silver ut parity with
gold instead of conspiring to force down
silver as they do now. You tell me that
, we must have a gold standard because
England has; | reply, we will have BIZ
metallism ard then let England have BIZ
metallism because we have bmetallsm.
tApplauseD 1t is, you say, un-Amercan
, to brag about what we can do. | reply
that it is English you know. to doubt
, that we can do anything. Every man
who thinks that this nation is no greater
. than Mexico, when they compare the two
countries. ought to vote the republican
ticket. 1t is the only place he will feel
| at home. (Applause) This nation can
do what Mexico can not do. This ma
ton can create a demand for silver ten
times as great as any demand that can
be created by Mexico, and if there is any
republican who still doubts that this ma
ton is greater than Mexico. let him re-
member that the United States and Mex
leo will be able to do what Mexico can
not do alone (Applause) Our oppo-
nents tell us we are not fDanciers. What
is financier? My idea of financer is
not a man who is able to attend to some
body else's business, but the man who
can attend to his own business. My
frienPs, / want yOu to prove to eastern
financier who thinks that all wisdom will
die, | want you to prove to him that you
are Il financier yourselves. | want you to
20 to the, ballot box and no longer give
your business into his hands. l want
to call your attention to the differ
cHCt btiNttI ullduCltT anu --pOlu
bug. Now, | want to explain that when
| use the term gold bug | do not use it
in any Of1ense. | Use it in the kindly
spirit that he uses the word lunatic when
he speaks of me. | call your attention
TO this difference between the farmer
and the gold bug You ask the farmer
why he wants bimetalism. and he replies
because it is good for himself He is
not worrying about others. He has
troubles of his own. Uaughter.) You
ask the business man why he wants BIZ
metallism, and he says he gets his mon
ey. not from the men who borrow money
but from men to whom he sells goods.
and therefore he wants financial policy
that will enable him to make money. But
you ask the advocate of the gold stan
dard why he wants a gold standard and
he does not tell you he wants it because
it is good for himself. You never heard
him say so. They want the gold STAN
dard because it is good for other people.
He wants the gold standard, he says. be-
cause it is good for the farmer, because
it is good for the laborer. You tell them
that those people. are willing to risk BIZ
metallism, and then what does
he say. rising to the full
height of his moral statue, he tells you
that he can not. according to his con-
science, allow other people to hurt them
selves, even if they want to hurt
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