The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-08

mileage Of the United States is now in the
hands Of receivers, and the country has re-
ceived shock from which 1t will take many
years to recover. Yet in this distressed
and contracted condition the monemetallists
ask us to declare for gold standard and to
wait for relief upon some ghostly dream OF
an international agreement. But the people
now we'll know that the conspiracy of Euro
pean monarchs led by Great Britain, has
purposes Of ACKNOWLEDGMENT to subserve In
the war upon American silver money and
stand in the way of such agreement. With
their credit, they seek to enhance the pur-
chasing power of thousands and millions
which Is owing to them all over the world
and which you owe them.
They draw upon the United states OF
America for their supplies and raw material
wheat, corn, OIL cotton, iron, lead ana
other like staples. and they seek to get them
for the least money. Besides this, Great
Britain has large gold mines In South Africa
and South America, and by closing the silver
mines has greatly enhanced their prooucts
and their values. Recent British aggression
in Venezuela and in the settlements OF South
Africa was moved by the desire to possess
more of these gold mines, and by monopoliz.
ing the metal. as far as possible, to assert
British Commercial supremacy over the
world. No nation calls itself
FREE AND INDEPENDENT
that is not great enough to establish and
maintain financial system of its own.
Great applause.) That this, the foremost,
richest and most powerful nation OF tne
world, cannot coin its own money without
an international agreement, money men at
the courts of European autocrats, VINO nave
none but primary interests to subserve. nave
for many years held out at every presldentlal
election They have MADE use OF f.s suUa Sn
and we have never, in all our history, hao
an international agreement upon money
system and none of the founders OF this re-
public ever dreamed that such an agreement
was essential We have had three interna-
tional conferences, in order to obtain IT, anu
to walt longer upon them is 10 Ignore Inc
demands Of our people and degrade our ma
tional dignity and to advertise TO ali lhan-
kind our impotence and our folly.
1.-THE concession that comes from the golo
standard men OF all Europe, for the restoIation
of the double standard is the only sOlutlon
NJ the financial difficulty that we can mo IN
the outlook before us. Inc oecIarallon % lnS :
English premier and the French minister anu
the Russian government when nave Iec 81 81,
1t will succeed against the sinister power VI
autocracy, which has been USED against II.
An international agreement for the Teslor ativl
of the metals to an equality would be ponu
of mankind which would enable US 10 resu-
late the value of money and bring the TWO
metals upon parity. :,
Alexander Hamilton, the great secretary Oh
the treasury under Washington, UNDERSTOOD
this question. He framed the first nnanclal
act of this country, which was passed IN !iS1,
fixing the unity of our currency upon DOM
metals, for a double reason, first, that to ex-
clude one would reduce 1t to mere merchan-
disc and the other that it would involve the
difference between a scanty and full circula-
ton Thomas Jefferson knew this when ne
endorsed the work of Hamilton, ana george
Washington knew this when he approved IL.
Daniel Webster knew this when he declared
that silver and gold are the legal STANDARDS,
and that neither congress nor any state mas
any right to establish any other standard or
to displace this one. General Grant knew this
when he looked to silver a source OF pay
ment and found to his establishment that a
Republican congress had demonetized 1t ana
that he himself had unwittingly signed the
BILL The whole United States now know TINS
and they know also that they who would Tree
themselves must strike the blow. tcheers.)
1.-THE majority of this convention, nave the
honor here to represent, maintains tnat TINS
great American nation, with natural base
of fixed empire, the greatest ever established
by man. with more territory and more pro-
ductive energy than Great Britain, France and
Germany combined, without dependence upon
European nations for anything that they pro-
duce and with European nations dependent
upon much that we produce Is fully capable
of restoring the constitutional money system
of gold and silver as an equality with each
other, (applause) and as our fathers IN ITO
declared our national independence of all the
world so today, has the great Democratic
party founded by Thomas Jefferson, the
author Of that declaration, appeared here In
Chicago to declare the financial independence
of the United States of all other nations and
to invoke all true Americans to assert by their
ssuffrages at the polls, that our country may be
placed where she by right belongs, as the
freest as the foremost, as the most prosper
GUS and happiest nation that ever blessed the
life of mankind upon this globe"