The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-15
HOME MAKERS SEE DANGER.
A Building Association OficfaI Speaks
OF Free Silver's PertIs.

Philadelphia Press.
The creditors of this country are not
bankers and merchants. but the men.
In the mines and factories-in fact. all men
who produce a silver dollar by means OF
their brain and Drawn
The speaker was julius Stern. a native
Philadelphia, who immigrated to Chicago
twenty years ago and as gained an en-
viable reputation at the bar and who now
returns to his native city as the president
Of the United States League Of Building
and Loan Associations.
The bondholder.. the banker and the
merchant are small in numbers as COM
pared with toiling millions who are cred
itors. Not every workingman. perhaps,
will understand how it is that he is a cred
itor as well as the mai who loans money
at so much per cent. Every man who
month, as the case may be, TO his en-
ployer. which represents to the latter 50
much money. No laborer gets his money
In ADVANCE; hence IL Is that he Is a cred-
itor TO the extent named Now suppose
that after he has loaned his labor 10 his
employer one week or one month. as the
case may be. the latter turn around and
repays that debt with ss-cent dollars in
stead Of repaying II with a dollar worth
right to do should the American people
authorize the free anu unlimited coinage
OF silver-how would the workingman like
TT goes without saying that the build
ing associations OF the country are opposed
to free coinage on principle. To begin
NltAAs lao e bAL lIO nuIIUIDE
associations within the past ten years: a
most sum Of money. Ninety
per cent. of the people who have contrib
uted to this vast amount are people who
have made IN their dollars by the saving
of p-ennies-peoDle who have cut here and
there in their expenses: peonlc who have
deprived themselves and their families OF
the luxuries of life in order that a home
might some time be erected to shelter
them. Not over 10 Der cent. on the other
hand. of people interested in building assoc
Citations are people OF large means Now.
suppose by adopting the free and unlim-
tied coinage OF silver we cut the $50. 0oo. 900
invested i'm two. what has been acccmp-
iished. Why. we have simply robbed "A
certain number of people of the round sum
Of this proposed robbery that the building
associations OF the United States are on
posed 10 the free and unlimited coinage Of
silver.
Now. as TO our duty in the premises.
1t Is this: Fight this free-silver heresy in
it's strongholds. The East is pretty fairly
capable of taking care of Itself. The West
and the South and the Southwest are the
citadels TO be carried. And the work will
must be circulated. but il must also be
supplemented with personal and
appeals.
Distress has caloused the conscience OF
the Nation to a deDlorable extent. The
moral sense of the Nation must be
aroused. This Is to be a speaking cam
paign-emphatically a speaking campaign,
the like of which has not been witnessed
since the days of the anti-slavery agita-
ton. 1T is a campaign in which money
must be poured out in no unstinted meas
ure. not for the purpose of bribing voters.
but for the purpose OF getting before them
the truth. To win this fight there must
be revived the old-time s~choolhouse CAM
paign and house-to-house talks. / may~ap-
pear greatly earnest, and may by some be
considered an alarmist. 1 think | appre-
ciate the dangers that lie before the coun-
try. As a Western man 7 am impressed
with the belief that the East does not fully
comprehend what a hold free coinage has
on the voters of the West"