The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-01

land; what wonder that all New England sent
her sels West and deserted her rocky farms
You had on this soil facilities for raising
double or treble what we did in the East, and
therefore you drove our lands down to SOS
and $50 an acre, and raised yours from $50
70 $So; and as your land went up, ours went
down until they sought an equilibrium.
Now In the East, no farmer in New York
today ever lays the depreciation IN the value
OF his land to the characterization OF silver.
That Is the cnemy's country" for these free
silver men: because they are honest men
down there, although the mortgages on their
farms are higher in amount today than the
farms would sell for. But they have been
varying their crops under my advice for three
years, as governor of the Empire state; and
they are raising other things than you raise;
and they are buying your wheat and buying
your corn, while they raise butter and
cheese celery, berries, poutry-Something
tnat tney can sell In a. near by market, and
that is the only way they have made
living. Isn't tt at good reason why land Las
gone down In the East and up IN the West?
Take cotton 900, 900 bales raised in 1872,
100 600 raised last year. Take your wheat
and corn. While the population Of the
United States has increased per cent You
have doubled in the Western states the pro-
auction OF this country IN wheat and corn.
Go little beyond the hor1ers of our coun-
try, and see IL this rule will not apply. Take
england and her loss has been 5000. 900 400,
IN her high-prtced farm property. Germany
and France have both felt the shock OF this
great prosperity OF yours in the West, and
they today cry out like stuck pigs. They cry
out against ro-pneumonla and against dis
eases OF the sheep of your farmers, diseases
that were never in existence in the world until
they got there; because the foreign govern
ments are trying to prot,t themselves against
your crops.
If there is a silver man here who Is doubt
full about why they have gone down, let me
tell him that the government Of England has
gone into the Canadian Pacific country and
opened that vast field Of fertile prairies like
II has into India with l6 GOO
miles of new railroad built to open wheat
fields and cotton. 1t has sent into the Ar
gentine republic $100 600, 600 to develop that
country Russia has built 1900 miles Of rail-
road around her frontier. Do you believe
that all this stock going onto the worlds
market would not bring down the price OF
your productions? Is that not a better
cause than to say the crime of 1878 struck
down half the money Of the world. when the
men who say it lie; because there never was
but So, 900 coined before 1873, and there
is nearly sixty times much in circulation
now. in America alone?
THEY TALK STUFF.
Again, they take the farmer and say to
him one thing is certain, that the gold dol
lar has doubled in value Well, they have
no foot to stand on there Men that talk
that kind Of stuff all through the country
remind me Of steamboat on the Mississippi
river which had a six-foot engine and a
twelve-foot whistle, so when 1t would start
to whistle it had to haul up to the side Of the
bank and stop. They stop here, they stop all
around They say that a gold dollar has
gone up to 200. Now. when this crime was
committed, in 1873 the rate Of interest on
the government bonds was per cent. The
rate of interest in st. Paul was more than u
per cent. The rates of interest in many Of
the Western cities was from / to per cent
per month. Railroads were paying s to 10
per cent for their bonds. Today their bonds
are cut In two in the middle on interest. And
II that is not benefit to the farmer and
the laboring man, in the hauling of grain to
the laboring man to eat, in cheapening the
product to him, and cheapening the cost Of It's
transportation to the farmer, can't under
stand anything in mental arithmetic.
Again, on government bonds the interest Is
cut down to 3 or 3h per cent per annum
The interest has gone down half since 1879
since this money was demonetized, since the
crime was committed, since the worlds money
was struck down. Now, II this Is true, how in
the deuce has 1t doubled In value? Qaughter.)
1t hasn't. We produced last year $500 900, 900
OF gold In the world, and we produced in the
United States over a quarter of it. Now
that $500, 900 600 was $27, 900 900 more than all
the gold and silver produced by the world in
1873. II we produced more it ought to go
down. Sugar has gone down from ten to five
cents; petroleum oil has gone down from
sixty to six cents; iron has gone down half;
silver has gone down half Any article that
you buy for the farm or for clothing even
your watch, has gone down more than half.
The inventive genius Of America has been
at work. The telegraph, Coin says has not
gone down bit to the farmer; 1t has gone
down from sixty cents in 1873 to nineteen and
| one-eighth cents in 1896. Why my friends,
that book was a novel. There was no
school None of the men you see men
toned there were in the school, and they
have all denied 1t over their own signatures
There are but three tables Of the forty-four
in his book that have any semblance Of truth
as vouched for by the Chicago board of trade.
The novel was made to array The poor
against the rich. 1t was novel to excite
Just the feelings that nevsr should come up
In this country to incite lis to ruin this re-
public-that is what Coins book meant And
1t has cast it's deadly fang through the en-
tire country, and men who read 1t will swear
they Know more about finance than any man
who has been in 1t a lifetime It reminds me
OF the old Pennsylvania legislator in 1870
You remember they just built a telegraph
between Baltimore and Washingtou-forty
mics IN he had studied that. he had real two
or three books on the subject, he way we'll
posted on 1t, and when he came to Harris.
burg his constituents asked him about it.
| Oh course they wanted to know about it, It
was new thing. And he told them he didn't
have much to do in the Legislature ON COM
mittees and he wanted to study this because
ne thought it would be interesting Well
they ,y said, how did it work? Well, he says
III tell you. my deliberate Judgment is
that It will answer first rate for small pack
ages, but large ones will never get around the
poles in Gods world" daughter and ap-
plause.) They admit the theory thew al
NIT 1t is going to make a panic: and the
question Is whether you want these times to
continue for five years more. don't believe
you uo, uon ana tnat is the reason I am
mere. There is not farmer in Minnesota ar
merchant or banker, that owes one-twen-
tleth OF what owe, and it would be to INV
good II you could cut this dollar in two in the
middle. 1t might be good for manufacturers
put they are honest, and they know that if
they are going to have five Years manic
they don't want it. They know that they
could manufacture cheaper if they had a cur.
rency that they could pay their men in that
Is worth only half what it Is now. II they
could reduce their labor it would be good
thing for them financially, but they dare nor
try 1t, my workingmen friend because Of
means five years Of panic and that would
wipe them all out and put you on the street
and your children begging for bread
Ihey say that If we have silver free COIN
age it would be the bsst thing for tbe man
ufacturer. But If you have got to take a
dose of five years shock to get it. the busi
ness men of this nation won't stand il for
the reason that they know that all along the
llne and from 1888 when you feared the
money would part company, the gold and sill
yer, you put the money in your pocket What
would be the result if they should ACTUALLY
part company and you had two standards !?
That is the reason you find the business men
no matter how much they owe, fighting to
put down such dishonesty in this campaign
and fighting side by side with men whom
they have differed with for years. applause J
say they want to steal the cross of gold
and put the crown of silver on.
How beautifully they have pictured China
that land of poverty and wealth. If there
is any member of labor organization here
let me say to you that you have petitioned
me while In congress to stop the importation
best l could. told congress and the coun-
try that those men came here to
ROB LABOR OF IT'S BREAD.
to take it from the hardy citizen who built
your churches and your school houses, who
here to make this their home. that