The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-29
SPEECHES OF THE DAY.
Points from Mr.. Bryan's Address to
Lynn Shoe Workers.

Points from Mr.. Bryan's Address to
Lynn Shoe Workers.
During the day Mr. Bryan made speeches
at Lynn, Mass, Providence, r. l.; New
London and New Haven, Conn. At Lynn
he said in part:
II want to show you how the money
question concerns the various classes OF
people Sometimes our opponents try to
array the wage-earning class those who
work in factories or by the day for an EN-
ployer, against the farming classes. 1 want
to show you that you cannot separate the
interests of the wage-earning classes from
the interests of the farming class. You
don't produce shoes for ornament, but for
wear. People cannot wear shoes unless
they cannot get money to buy shoes until
they sell something they have and get that
money. Now. you sell shoes to the people
of the West and South If you drive down
the prices of all those things which the
farmers produce, so that when they sell
their crops they cannot more than pay
their debts and interest and taxes, what
money will they have to buv shoes with?
Are you going TO add to the prosperity of
Lynn by making more people go bare
footed? Cries Of No! noj The wage
earners of Lynn will be idle until there is
of Lynn, and there can be no demand for
that product long as you drive money
up and property down.
Failing prices mean hard times, and
hard times have never been advocated IN
platform by any party, although the Re
publican platform this year, without di-
rectly saying so, promises to continue
times hard and make them harder.
If maintain the gold standard we
must maintain those things which are nee
essariiy attached to them. We must main
tain this system Of issuing bonds for gold
whenever want gold. When we issue
bonds and buy gold we create a demand
for gold and raise it's purchasing power
throughout the world, but we are contract
ing our currency by piling it UP in the
vaults at Washington when 1t ought TO be
out doing business among the people. You
manufacturers and merchants go TO the
banks for money. Tho banks tell you they
are very sorry. but they cannot loan any
more lust now. There can be no more
money in this country than the people per-
nit. If you make your laws so you draw
part of the money out of circulation and
lock it up you cannot use it in your busi-
ness and have it in the vaults at Wash
ington both at the same time. That looks
plain enough, yet there finaneiers who
go on the theory that the more money you
take out of circulation the more you have
left in it. There fnanciers who actu-
ally rejoiced at the issue of bonds and said
it would restore confidence. They are try
ing to run business in this country with a
larger ana larger per cent or conlidence
to the amount of money on hand. And If
they go the people Will have all the
confidence and no money.
My observations has been that if d con-
fidence man comes into a community the
man who has the least confidence has the
most money when the fellow goes out. You
say / am hungry. They say 1 have got
a remedy just have confidence. and If you
have not had full meal you will feel just
as good as il you had You say you can't
get work. They say just have confidence;
You say We cannot find "a market for our
shoes Just have confidence e.. the people
one place where they think the confidence
game won't work. You go to one of these
tidence and ask him to borrow money He
says, What security have you? You say,
Il will give you all the confidence you want.
He will tell you he is not loaning in conf
dencc this year. Why is it the financierS
ARE m SO % for 9o to nave soH een
dence in you? They want security and tell
you to get a good name on your note or
put something that is salable. The trou-
bic is, things that used to be usable are
not any more. Security that used to be
good is not good security any more. They
are driving down the value OF your security
by driving up the value of money. There
is only one way to restore confidence and
upon. CA voice. Talk about inJunctfons.D
paramount in this campaign, and yet /
alize there are other questions upon which
people feel an interest; / know they are
interested in the plank in our platform.
which declares against what is known as
government by injunction know the
demands arbitration, because, while our
plank is national plank and is confined to
arbitration between the employers engaged
in interstate commerce and their employers,
yet the Endorsement of the principle of ar
bitrauon is an important thing: It substi-
tutes just and peaceful methods OF settle
ment in the place OF force. ! believe the
principle of arbitration will become as well
settled in this country while we younger
men are still alive as the court of justice
is well settled to-day If. have a differ
ence with my neighbor | don't fight it out,
even if he wants to. | settle it in court. |
want a place where go and present
our differences and let an impartial srbi-
traitor decide. The arbitration principe is
nothing but an extension of the principle
of courts of justice. / recognize these
things in our platform material and
yet this contest is going to turn the
money question because we have reached
a point when have got to decide whether
we are going to legislate for our people
the financial question or turn over the af-
fairs of this country to foreign nations and
let them legislate for us.