Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1896-02-18
time. incidentally, he said: /.

"No one believes in q deprecia-
ted money. We all believe in a
stable money, and that is the
best money. that maintains a uni
form rate of prices. I do not be-
lieve in a constantly approaching
standard of money. That leans
the depression of business and a
paralysis of the enterprise and
energies Of the country. We
have now a redemption of green
backs in gold and constantly in
creasing bonded Indebtedness to
maintain this gold redemption,
but what else have we? What is
proposed by the present admin
istration or the leaders Of the
two great political parties, who
contend for the gold standard, as
a solution of the difficulties in
which we find ourselves? Abso-
lutely nothing if we expect the
tariff bin passed by the house Of
representatives, Of which | will
speak a little later. We are try
ing to maintain in this country
the parity between gold and sill
yer, and yet we give to one money
functions which we deny to the
other. This is u violation Of the
fundamental principles Of the
philosophy of finance.
He gave an exhaustive review
of the financial history of the
country and declared that there
is no such thing as an information
nal dollar. In conclusion he
said:
Our present financial system,
if long persisted in, will neces-
sarily bring about the financial
slavery Of the masses by augmen-
ting more and more the wealth
of bankers and capitalists and re-
ducing the fortunes of the great
mass Of the people. Less and
less will people be subjugated by
armies and navies-by shot and
shell. There is a stronger. more
insidious and mightier force
secretly undermining the fab
TIC upon which our government
rests. The contest is between
the corporate wealth and the
monied power on the one side and
the people on the other. II the
people realize their peril, they
will win. The danger lies in the
sluggishness of some and the
par tizanship Of others.
who are the gold gam blers
and the stock spectators and
the panic generators of the coun-
try to-day? They are, one and
all, without exception, the advo-
Gates and defenders of our gold
standard policy. Is it any wonder
that nglttnd demands the single
gold standard? Her motives are
not difficult to fathom. England
is today the heaviest creditor ma
ton upon the earth. 1t is estimat-
ed that the rest of the world owes
her $40, GO,000,000 If this gov
eminent WAS in that condition we
might afford the otherwise expen-
sive luxury ofagold unit OF value
1t is agreed upon all sides that
the free coinage Of silver would
be an excellent thing if it could
be brought about by internation-
al agreement. This concession
ought to give Us the victory as it
surely will in time The question
of ratio need not trouble us. II we
start wrong we can readjust the
ratio between the two metals as
the exigencies demand. In this
talk this evening [ have used the
term free coinage'in the sense of
unlimited coinage'asis generally
AS matter of fact we
have never had the free coinage
Of silver in this country, but we
have had it's unlimited coinage.
For the coinage Of silver from
1872 until 1873 the government
charged d toll, or tax Of 10. per
cent, which is called seigni0rag,e.~
Il am q bime tallist in the broad
est and truest sense Of that term.
[ do not want to see this country
put upon a single standard. 1 am
to a single silver stand
ard, just as [ am opposed to a sin
gle gold standard. Either system
means metal. I confess that If I
we're forced toan election between