The Portland daily press., 1896-09-11

than any other nation, because she has
honestly paid. What does a nation want
money forS
Sometimes the people are suffering
from the little misfortune of having
made mistake at an election Daughter
and applause; but that Is very tempo
rary daughter and continued appiause),
and the amount Is really very small as
compared with us. When nation wants
to borrow money it is most always for a
purpose very different from that of an
Individual
Whenever any business man wants to
borrow money it is because be wishes to
go into some enterprise. If he doesn't
get the money he doesn't go into the en-
terprise, and that Is all there ia about it.
But when nation wants to borrow
money it is most always because its life
Is at stake and nothing stands a nation
In stead like the honorable fulfillment of
every obligation entered into. Gap
plauso.)
"Oh, they say. ''the very bond reads
in eoiu.' Yes but it is in the coin which
it its the policy of the United States,
| says the law Of 1890 to keep at par, one
dollar with the other. (Applause.) And
no method has ever been discovered of
keeping material that Is one half
cheaper than another material, equiva-
| lent to the better material except by ex-
changing it whenever the man who has
| tho weaker desires 1t. No other way Rhas
ever been discovered, and say that, not
witnstanding the great many panegyrics
OF which / have heard lately about the
| power OF the United States. Now the
power of the United States is just the
power of "a, 600, 900 of human beings and
that is all. ] want to say to you that
while respect the feeling which speaks
SO kindly of the United States, although
I honor these orators for saying a good
word for the defenceless people, Qaugh-
teri nevertheless l recognize the fact and
II think that you as sensible men do as
we'll that there is a limitation to its
power. 1t Is not the creator. Seventy
tive millions Of created beings cannot be
the creator, nor can seventy-tw billions
of people either.
Great as our nation ia we cannot make
something out Of nothing, except by the
use Of natural means; and we cannot, by
any possibility do more than to set the
laws of nature at work. That is what ouI
, skill and genius will enable us to dc
and that he can do.
Why, we were.in the dire throes of the
rebellion and we had 2, 900, 900 of armed
! men and we could not make greenbaoh
rise from 80 cents to dollar. Ons day
one OF our astute Statesmen. very grea
. man. Salmon P. Chase, said that be
would not submit to this business OF
putting a premium on gold and that he
and congress would put it down
Well it put down Mr.. Chase and con
gress too. daughter and applauae.) Hi
very action sent gold up into the air
: Now let us recognize our limitations.
, Is good sense to notice that stone wal
is q stone wall when it is in front of us
Just think what would follow in tina
! very direction from free coinage Of sill
: yer. But will talk to you about tina
r | q little bit later, not very mnch later
because none Of the things have t
say will be very much later.
I fancy that no one would regard 1t o
Q any advantage for the United States t
8 pay off half Its debt by sinking to a, sill
, yer basis. go further than that and
say to you that England although at thi
time she owes three Thousand five hun
. dFed millions of dollars would be ruined
II she could repudiate that debt with per
feot honesty.
Leaving out the question Of honesty al
: together her Reputation Of the Britis
debt would be ruin to Great Britain.
!. sounds little strange that she could &c
!, rid of so much obligation and still woul
be ruined. Well why? 1t is because th
. British debt is held largely by til
r British people and what the nation ma
!, gain every Individual who owned An
= part of it would lose end that woul
q mean steadily increasing paralysis {
10 business for the moment that the thin
I was started-and 1t would take som
= time to do it-everybody would begin I
ID sell and the lower they sold the Create
n would. be the widening of the circle {
n misfortune. No greater disaster coul
happen than that which would ooM
lt to that the fact that Great Britain woul
10 be forever debarrod from borrowin
n money In the world I tell you that the
; the newspapers could destroy her at ono
= daughter
u A friend of mine asked me the questic
j. rather persistently as to what l woul
,s say to the farmer If the farmer sh ou
say, II have got mortgage Of $1,000 c
D my farm and l want to pay that of, ar
II can get 1t reduced one-half or If
ia can get twice as much for my produ
why should not go to work and do iti
. "Well'' / said "I don't know that an
ID thing could be said which would convin
N dishnnest man but there are certain co
,r siderations which that farmer had bett
take into consideration.
Q, In the first place his privilege Of pa
70 ing only one-half of his debt would
il shared by every body else who ow,
=. anything. He cannot have it alone,
=" himself. Thank Heaven we haven't g
10 to pointing out particular individual
he and letting them off at half prle
ar daughter and applause.) If anybody
let of everybody Is.
- say to that good farmer whom we
N love. there comes sinful and wickt
of railroad man whom we don't like
course, because he represents a corpor
ton, we don't like him, he is human
d. Ing but somehow or other he represen
n a corporation when we think Of it-y'
a have got to meet the railroad man
"a that thing too and you must rememh
ao that when the farmer pays one-half al
IT, gets quit of his debt there Is somebody
nd other that loses that one-haf and Is jr
ht 60 much poorer.
-, Well now in your imagination y
VII fancy that that man Is always ri
fellow and rolling in wealth and you c.
,el just as we'll take away half of
:, property as not. But unfortunate
~. 9his Is not so. Unfortunate ii
Ill farmer may owe somebody that is
ars richer than himself. He may have gott
II, his money from a neighboring farm
who has been little more forehanu
Is than he has. Now the prosperity Will
of comes of getting off at one-half price
nd tho part Of one farmer is pretty bae
az coun balanced by the misfortunes
III