The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1896-08-27

lars on the streets to-day, and l thought I
would like to see them. ! do not want to
palm any Of them off on anybody, but l sent
down and got Il couple of them, and | bought
them for one United States silver dollar.
There are six grains more Of pure silver In
each Of these Mexican dollars than there Is
In this one United States silver dollar. These
Mexican dollars down In Mexico are u legal
tender. They are worth down In Mexico.
where they are a legal tender, just what they
are worth up here in the United States. You
can buy in the City Of Mexico with one of
our silver dollars two Mexican dollars, or
practically that-a few cents difference.
Why is It? Is 1t because the Mexican dollars
are legal tender? No. 1t is because the
Mexican dollar has no redeemer. when you
get the Mexican dollar you are at the END
Of your business transaction. That is money.
That Is the highest money they have In err
c%ulation. But when you get the silver dollar
Of the United States you find 1t worth a dol
lar in gold. because, if you want the gold,
all you have got to do Is to ask for 1t. That
Is ali you ever had to do under Republican
rule.
Now, my fellow-citizens, has it or not been
wise that we have pursued this policy
Haven't you been proud Of the currency of
the United States during all these past yearsF
Hasn't it been the pride Of every patriotic
around the globe. 80, too, would every dollar
of our paper money, being redeemable In
gold, travel everywhere aud be everywhere
honored at its face? We have had a stable
currency. There has not been any trouble
with 1t until during the last two or three
years; until Mr.. Cleveland came into power
the second time, you did not hear any com.
plant about our money, did youE You ala
not hear of any trouble with the gold re
serve. All this trouble has arisen since then,
Why? Simply because, rs every intelligent
man knows. they adopted a policy or free
trade as contradistlnguished TO a protective
tariff policy. and the first result was the par
alysis Of business, ana the second result was
deficient revenues TO the Government.
~ $500 ~ .4fa,,1 thA host 1nInaIN
for this whole trouble Is to PUT the Hepub-
lican party back IN power; restore the policy
of u protective tariff; reinGugurate the policy
Of reciprocity. and give to the AMERICAN
people an economic administration under
which tho Government would have enough
revenues to live and everybody engaged IN
business In this country and every laporer
in the country find something 10 DO
Lieut.. Gov. A. W. Jones presided at the
evening meeting, and made a brief speech,
in which he characterized the Democratic
national platform as one of anarchlsm and
bankruptcy. He said the Democrats stole
the Populist platform in order to be adj
mitted to the Populist church. and char
acteriZed Watson as one of the horns
of the Democratic dilemma. He then
introduced the speaker of the evening,
Stewart l.. Woodford. who said:
The honest fulfllment of Populist pledges
would put us on a paper basis. redeemable In
paper and In paper alone, ana just where no
civilized land Is to-day. 1t would be a cur
rency of soap bubbles. redeemable IN soap
bubbles. affording no basis or foundation for
any superstructure Of business. farming or
labor. Irredeemable paper money always
begets and compels speedy and continuous
Increase. And such Increase has always end
ed in reputation. The world has had three
experience of Populist finances within the
last 200 years.
Gen. Woodford then reviewed John
Law as Minister of Finance in France
during the reign of the Bourbons in ITO.
When the French tried the experiment
again in 1850 Talleyrand said: You can
arrange il so that the people shall be
forced to take 1000 francs in paper, in
stead of 1000 francs in specie; but you
can never arrange it so that a man shall
be obliged to give 1000 francs in specie
for 1000 francs in paper
Continuing. he said:
Mr.. Bryan is the candidate Of the Demo
cratic party and Of the Populist party. The
Democrats declare. just as DO the Populists,
that all paper which Is made Il legal tender
shall be issued by the Government. Here
their agreement with the Populist party
stops. The Democracy declare that such
legal-tender paper shall he redeemable In
coin. BY no possible Interpretation Of the
Populist platform am / able to find either
purpose or Willingness on the part OF the
Populists to redeem such paper In coin. The
difference. il honest. Is radical. Courtesy
requires us to believe that the difference Is
honest. The fiat money Populists trust NJ.
Bryan, and, therefore, | dare not. they
have read the Democratic platform, with Its
promise to pay money in coin, and yet they
who believe in constant and increasing issues
of irredeemable paper believe In Mr.. bryan
The fact Is there Is cousinship betWeea TIC
silver dollar worth 80 cents and the paper
dollar worth nothing.
Brief speeches were also made by Sen
ator Foraker, Congressman Watson.
fudge l.. w. King Of Youngstown and
Emmett Tompkins of Columbus.