Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1896-10-29

try to pay for these crops. The farmers get tle money,
and the next year raise the same crops over again. and
keep the money coming. with high prices to them. When
money is high priced, and the farmers products are low
priced, the reverse is true and wealth accumulates in the
cities. (Applause)
FFECT ON WAGES.
They say wages have not declined.
Store clerks in the city of Chicago in 1873 got SO a
week, about an average of that. They are now getting
an average of about Sc a week.
Unorganized labor has fallen proportionately. 1t is
only organized labor that has held up prices. ana IL mas
done that i'll two ways: One is that organized labor Is
among the frst-claSs mechanics, where experts are re-
Quired, and the supply of that kind of workmen Is I'M
tied. But organized labor holds itself up by reason OF It's
unions. They are intelligent. They stand together as 4
brotherhood of men lighting In a common cauSe' ANU
yet in spite of their organization labor has had wages
partially reduced.
Unorganized labor has declined so per cent; and tens
Of thousands are unemployed and are getting nothing
This makes tramps; it makes fallen hopes; it makes dis
couraSed manhood: it makes less of good cluzenshlp
in this country. Add the number of workmen organized
unorSanized and unemployed, and get your sum total
then divide it into the wages they receive ana you nave
the gold standard. measured with even eXactnesS into the
bone and flesh and blood of the laborinS classes OF the
United States. CApplauScD
The labor question is a question OF supply and de-
mand, and so long as farming is Improbable, the people
are gravitating to the cities. And there is an oversup-
ply of wage earners. The remedy is higher prices and 4
gravitation of wage earners to the country, where they
can build their own homes and earn their own living as
their own employers, and not as the servants of other
people. Applause)
PENSION
They say to pensioners. You can buy more with the
money you now receive than you can with the same
money if we had free coinage of silver. With free coin
age prices will double, and you will buy less with your
pension"
Here is an admission that prices will advance to double
what they are now with the free coinage of silver. This
selfish argument made to pensioners, is made to men who
risked their lives on the field of battle for their flag, and
II &c a uueStiOD UDIpr the DrpSpnt system OF con-
fscation, whether We are to have a republic or rot TO
pay these pensions. (Applause) And in this struggle
these veterans who defended the republic once before,
will be found again on the side of the integrity of the
nation. The men who make this base appeal, intended
to reach Il selfish nature, are the men who stayed at home
during the war, and traficked on the necessities of the
government. The loyal patriots of this country viii be
satisfied with the honest money of Washington. Jeher-
son, Jackson and Lincoln. Thousands of our pensioners
are losing more, in their business, or occupations, or by
loss of occupation, by reason OF the hard tunes, IMAM
they are getting in the way of pensions. They are not
idlers and beggars, seeking their only subsistence from
the government. tApplause)
LIFE POLICY
They say that the holders of life insurance policies will
be paid in deprecated money-in ~ffty-cent dollars. The
answer is this:
If the present 200 cent gold dollar is to remain our
standard money, If depression and low prices. loss of oc-
cuDation is to continue, the policy holders will be unable
to pay the premiums on their policies, and they will lose
by forfeiture what they have already raid. And where
not forfeitable, distress and ruin will come TO them be-
fore the benefits of their policies are received. Or, they
will be compelled to hypOthecate and sacrifice that which
is intended for their families, after death. The prompt
ing spirit that caused them to seek to provide against
distress for their families after Death will prompt them
to save their families from distress while living. The
life insurance companies are the greatest money lenders
we have, and are on the side of the money lenders.
SOUND MONEY.
They say the gold standard is sound money. We are
all in favor of sound money. They should not rely on
sound words but should furnish us with sound argu-
ments to support their theory of the gold standard. The
gold standard is an experiment on trial for the first time
in the world since 1873, and we have reaped its bitter
fruits. and we now know the reasons of it. If L were par
aphrasing this disastrous system of money, L would say
of this sound money that it is the sound of the auc-
tioneer's hammer. the sound of the clOd upon the collin!
the sound of the pistol that takes the suicides life! for
such it has been. UonG applause?
INDEPENDENT ACTION.
They say We cannot go it alone.
l remind you again of the quantity of gold and silver
in the world, of the sfxty-six foot block of silver on which
the demand of the United States is to operate. When the
limited States throws its mints open to the silver of the
world. this is the supply, this block Of silver. that has
the privilege of being coined into money by our minis.
We produce in the United States, annually, from our
fields and factories, enough to take all the silver in the
world to pay for it. That is the demand. And such n
nation can fix the commercial value of silver. at the ra-
ito 1t is coined into money. (Applausel If the world
wants to flood us with silver, we can produce from our
fields and factories in Il single year enough TO take it all,
all the silver in the world, and the next year we can pro-
duce the same things over again, and say 20 them, IF
YOU have any more silver, bring it on" Long continued
aDplauseO Such n nation can fix the commercial value
of silver with gold Mt the ratio it is coined into money.
What happens when our mints are open to silver as
they are now to gold? 1. is this: Tha silver of the world,
as the gold of the world can now do, comes TO our minis,
is coined into money and handed back to the men who
bring it. What do they bring it for? To exchange it
with us for our property. Under such a law. we buy none
of their silver; We make it possible for them 70 deal
with us by exchanging their silver, as money, with us
for our products. A man in n foreign country would
not part with his silver In eXChap9" for gold for less
than par Mt the legal ratio with those who thus seek TO
buy it. Why? Because, he would answer, Il can coin
nv silver into money in the United States. and exchange
il for anything those people have, ana they produce in
that country everything that 4 man wants. for his necCs-
stiles or his comfort: 1t will buy anything there that gold
will buy" And such a man would not part with his sill
yer for gold except at par. less the cost of shipping it TO
the United States. or. in other words, exchange. This is
the effect of the United States passing such a law. 1t
fixes the price of silver the world over. Mexico cannot do
it, because she has not the expOrtable wealth. The Uni
ted States has. (ApplauSeJ
THE LATIN UNION DID II.
From the close of the French war to 1873. The Latin