Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1896-10-16

money has not increased, then
simply don't know anything about
mathematics.
THERE Axe SOME LIARS FIGURING
in this country. They tell Us that all
We need is confidence. | will tell you
how TO get it. Ii you had thousand
dollars IN the bank down in OLYMPIA,
lying idle, and you saw place where
you could buy some commodity, and
you knew that that commodity would
increase in value within the next thir-
" or sixty days, or six months, accord
ing to whatever it was, you would not
allow that money to remain there idle,
but you would take it and invest it in
that commodity, and that would put
the money in circulation. Now, thai
is confidence. II you have confidence
that that commodity will increase in
price and YOU invest in that commOdi-
ty, that will put the money in circula-
ton, bu. Mey want confidence that
the money will grow dearer and dearer
every day. They want the confidence
that the money will get higher-that
they can buy more with their money.
They want
DEARER MONEY AND CHEAPER CoMMoD-
tiles,
and you can elect all the men you
want for the next thousand years upon
that basis and you will never restore
confidence. The people want COM
modities, not money, and if the COM
modities are rising, money will come
out OF its hiding place, but if money is
growing dearer it will stay hid. Mon
ey dealers want money, not commodi-
ties. They want cheaper commodities
and dearer money. The gold standard
produces this condition and the Re-
publican party wants to continue the
gold standard and dear money and
cheap commodities. Why they say,
THE banks are full OF money" If a
man running dray business had his
barn full OF horses, standing there idle,
it would not indicate that he had very
much business on hand, would it? If
you 60 into country where they have
a circulating medium, it doesn't indi-
cate that there is very much business
going on to see it all in the banks.
That is just exactly where the trouble
is. What little money we have is tied
up in banks, and it will never come
out of the banks until you see an OPP
portnnity to invest that money in some
commodity that will increase in price.
One Of the greatest difficulties with
the people is, they read but they do
not reason. They don't investigate
and criticise what they are reading
and come down to bed rock. They
don't classify what they read. You
want to classify and criticise and get
down to bed rock. (Applause.) A boy
does not learn multiplication in day.
He has to think about it and develop
it until he can fully comprehend it,
You have to do the same. The trou.
BILE with the many people in this coun-
try is that blind
PARTISANSHIP PUTS SCALES OVER THEIR
EYES.
and they cannot see anything but the
head OF their ticket. They tell us to
Just look at the notes and checks
and drafts OF this country; they relieve
the demand upon the circulating me-
dium." 1t sounds straight, but just
look at it. Time paper, or any other
paper, is not final settlement. There
is just as much time paper coming due
every minute as there is being issued
and consequently the demand for
money is just as great as if there were
no notes. or checks and time paper, at
all. Surprising there was not single
particle OF time paper in your city to-
day. No man who had given a check
or a note, but who had paid cash, and
everything was going to start on cash
basis. Next Monday morning the
men would issue their notes; it in
creases, as they say, the circulating
medium. But when they come due,
they have to be paid in money, and
there will be just as many paid every
day as there will be issued every day
And whenever a man tells you that
notes and checks and drafts and time
paper take the place of money he az
knowledges one of two things: either
he don't know anything about bust
ness or he is trying to deceive you
Notes and time paper are not final set
Element.
Now they will ask you this question
/" If four hundred millions OF people in
China, India, Mexico and South Amer
lea, cannot remonetize silver, as they
are silver.using countries, how can the
United States with seventy millions p
That is good question and one that
We must answer. I told you that /
would deal fairly with you and with
these questions, and am going to do
it. China has been settled since the
morning of the first day. They have
developed their country to the full linn
it of the capacity Of the people to de-
velop it. If you should 60 to one of
these countries and have your money
coined into their money. what would
you do with it? You could not do
anything with it, consequently your
money would remain there like so
much straw. There would be no use
for it and no need for it. There would
be no opportunity to use it for devel-
opment OF new industries, consequent
ly nothing could be done with it.
They would not let you use it. They
are in a condition of civilization that
is entirely foreign to the American
people; consequently they will have
nothing to do with our enterprise and
no place to put the money. If China,
Japan and India, with their four hum
dred millions, could not become the
financial and commercial center of the
world, how can thirty-five millions of
people on that little island called
England =? There are thirty-five mil
lions of people in England, with no
natural resources, except coal and
iron, and with their superior intelli.
gence. their push, ambition and
brains, they to-day, control the world,
commercially and financially.
1T Is A MATTER OF BRAINS AND EDUCA-
TION.
There are tens OF thousands oil
acres of arid lands between here and
the Mississippi river that should be
farmed; we should have irrigation
canals to develop them, and there are