New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-07
MR.. REED WILL RUN AGAIN.
THE SPEAKER QENOMINATED IN THE
PORTLAND DISTRICT.
HE MAKES A POINTED AND WITTY ADDRESS AT
THE CONVENTION ON THE ISSUES OF THE
CAMPAIGN-CIiEERED BY THE

CAMPAIGN-CnEERED BY THE
DELEGATES.
Portland Me-, Aug. G-Thomas r. Reed was
renomnated for Congress to-day by the Repub-
licans of the Ist District. He was nominated
unanimously by rising vote. and then three
cheers for him given. When Mr.. Reed.en-
tered the hall the convention rose to It's feet and
cheered him again. He thanked the delegates
for the nomination and addressed them fol-
| lows:
We in Maine have got to make up our minds
sooner than In any other State in the Union. and
verdict will be OF great importance TO the
country. 1t is worth while then that we should
discuss to slight extent the great principles
which underlie the issues Of this campaign. Do
not understand that purpose TO make the cur
rency question perfectly clear to you. don't know
enough TO do it. Whenever during this campaign
you talking to another man and the
man who listens does not understand IT, ana the
man who talks about It does not quite understand
It, You will know that the question OF the currency
is being discussed.
. do not know how It Is possible for us al. at
once to contend with the various degrees OF isnor-
ance which exist don't use the word ignorance
| In any naughty or superior fashion. / mean By 1t
lack of Information.
FACTS ABOUT THE CHANGE OF 1873
In the first place, think We ought 10 remove
certain elements of passion and feeling ina nave
been connected with this debate suppose t""' "
l have listened once have hundred times 10 the
declaration in Congress that silver money was
| stealthilv demonetized. Well, now. myseli III
the House Of Representatives produced the VoIume
OF Tho Congressona! Record when coh'a'he" t',e w
debates of the change ir 1875. and there were i'0
columns made up OF speeches that were a''u""y
made on the subject and it was up twice anu
| think three times And yet they say II was oohe
Then they have declared that 1t was done by an an
emissary from abroad and they even VEN rns, ~ os
extent OF giving the name OF ErneSi d & not here
I Seyd was always silver man ana was ho' "''0
which mas we e'SU Were called upon to furnish more
costly metal and. therefore, our crcdtors wSot iot
Nth that in view The answer IS simple an9 mo- con- %
elusive In the rst place & VIE na naa .Yer n0, mrTney iTr "
in this country and dd not have ANY or or, n'e
pr@fy Important one and ;ha Is that In sI$ the
Silver which would have made uniled StorsS Tar,S
h4ee dents s''Ss' on dollar sold dollar
Mas Ths This was wa sS1ng oa lover oR than which
you say ought to have been retained: L'.nn: INN:
nntion VI t6at ma ony fra,d or wckedness pracsed
And the only question is. when system % th 10 host re-
ss,s lsi 'ss country which wi" produce the ",s.
deal of talk about bimei allism inc sX1or s not
bmnsss% h nfsPGsea b e@s dersn.
affair The object of blmetellism Is to give 20 @ ,nr
more surface Now there Is some oIIG rSasqn ,hG hnG
n the idea tha, the wnpG rao WoF Could pre-
serve greater level of prices frmer and morc
| could do r,oc.
Real bin ,asm has ncYr yet had nad .rT T'rcct ,Sot
Is he kind must have because II ,s vs. - ~, "' 70
have world remedy Nothing else Will "'''"' 10
EXPERIENCE OF THIS COUNTRY.
Why. we had some experience IN this country
| but mems memories are short IN ''s- our "stN
| fathers determined to marry the two metals 70
| gether What was the first thing they did, II was
N ascertain the market value Of the two metals
ms they stood side by side then. anA they thought
that they were Is TO mot l6 TO l-but % to J.
What was the cffect7 1t was an overvaiuauo' OF
silver Yes the gold IN gold dollar was worth
more than the silver IN silver dollar
What was the result? Why. II man had two
dollars. one Of which worth 100 cents ana 1d me
9thsr was worth @ cfHls n the he ohe sf one quicker
don't mean that the average man did that' ,p Iwp
mobne p mach fuss about IT, but the money changers
were the alert and whcncyar svcr 'to'rm he
| into the bank or rca rhed the money-changet ne
put t out OF circulation. have mFstated nat. l
should have we |a slreY alone during that period The
cold being more valuable. fed away ,. -
1854 thought they had better make change ana
see they could not keep gold ana % o s 20 or
to be exact 10 1885 That turned & out to Y9o be he fp
result? The result was that gold re'sneu SUI
preme. o,o MO issued green
hacks and greenbacks being cheaper Eff for & seTen n
teen Years drove ont 3ofh gold ana and the result
was that we resumed them as We agreed 10 90 20 s 81,
1874 upon a gold basis. And that has oeeh 'ne '''Se
THIS, then is the experience Of the United States r
encounterng single handed the question OF . cur,
rency. We never were able. when there was naa,i 4
S5SrsnSe SaSFs%s Se Hf Other ST per 'S %as sd
silver never both. Now II the United s'arfs arty
two cents less than the gold dollar rs she now
NJ @cen dollar lh 10 lhe VA a',xm want 70 do ~
THE QUESTION OF PRICES
sunpose Won have got a house Is it worth any
more s It any different house whether 1t is
worth 1000 silver nalf-dollars or 100 gold whoe
dollars? II you want TO count your house at mere
dollars why not cut the gold dollar In two and
there potatoes in 100 PGGkS x t,S than
metIo r,rht and perhaps don't, your house is
the same. your farm IS the same 1t produces the
same result , ,a
Oh but you say prices have gons me- down. ana
they d have YEA ea on %e Want El to
no silver So that he n T ESe sS up 6ey give yoU
do not give you They talk about wheat and c9.
have gone down on account of the in hs value
Si se Sa Ss4y ws ssme nSS %seoS sf W tssSs 1
the other articles which he farmer produces, ron
UP urai I'f that they should cass his Is wCrId s,n1
", farm produce Men viii have bread and meat,
and they will have the produce OF ne farme,-.@he ne
veoeta bes- and the Gamers bring them WITHIN me
reach OF everybody at all times. and II Is natural
| that there should be n rise A..
pn, they saw wheat and cotton have gore down
| These are the grea, stap's which the farmer
| r.,sas NV friends evtrvbcdy In this world. IN
nS,n. The farmer is liable to have something IN
inrtous happen to his business Somebody else
into Il there IL not enough for All hands In the
Ieo @ -, nroNt That is tho history OF every ccupa-
,,o33 On the face Of the earth
As to the conditions IN the price OF farm mp prodpcs b
Wne'. , hv~. outside OF the Of god silver.
GOOD CREDIT A NECESSITY.