Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1896-10-16
1t a9hlngtoll taudard
\ TELLING SPEECH.

.f's ..ffi.4 sf"t ~.
piece ahead in time, Ike these. APP
plaU~c Why, every nation in the
world coins silver at 4 ratio less than
IL 10 !; il they ship their silver over
here and com it at a ratio OF IL To
when Il i already coined at III TO
they would get about nin"ty-slx cents
on the dollar. and what would they dc
i,r money to 90 business with in the
c 'Untry where it came from? Bu,
tncy say they ar" going to take il
out OF the mines" May God gran,
That they viii, for it will put thousand.
and tens OF thousands of men to work
who are now idle. Applause. Where
is it going to come from? Mexico? i
they ship 100000 in silver from Mex.
leo they would pay ont $4,000 OF il
for machinery, for hired help, for farm.
ing produce, groceries and clothing e
feed and clothe the men engaged il
producing it there. They say if We
nave free coinage OF silver that
GOLD WILL 90 OFT OF CIRCULATION,
And it will contract our currency tC
the extent OF six hundred millions Of
dollars. We are going to have con-
traction OF currency. What does that
mean? Why, they say silver will be
higher than gold is now because it will
contract our currency more than one
third and then the gold man hauls in
his head and lengthens out on the
other side and says" We are going to
be the dumping ground of the world
and have it all" lApplause.l
Sherman said in 1878 that if we
should coin fifty millions OF dollars OF
silver in the United States, it would
drive every dollar in gold out OF this
country. According to the report
of the mint there we're $213,O00,-
O0O in gold in this country in 1878
We commenced to coin silver upon a
limited basis in 1878. Sherman said
to coin $50,00O,0O0 in silver would
drive all the gold out OF the country
The report of the treasury shows that
we coined from two millions to four
millions OF dollars in silver every
month for twelve years and at the end
OF that time we had $G64 100000 in
gold. Sherman, false prophet then
false prophet now. Now again we
are told that the silver proposition
would be good thing for man that
is in debt. He could get out of debt 8
little better. You are all in debt, un
less you are bond-holders or tIamps
lApplause.l We pay no public debts
if we pay no taxes. The State is ir
debt, the counties are in debt, the ma
ton is in debt and running into deb
every day on gold basis. How dc
you pay these debts? By taxes upor
your property. Every man that il
unfortunate enough to own piece 0
property is in debt. We are told tina
we do not need so much money as W.
used to need; we do not need it be
cause we use checks, drafts and note
and by the use of these we don't neet
20 much money as we did in 1880 ant
lS4O, or even 80 or 40 years ago.
NOW LET US INVESTIGATE.
Some OF these older gentlemen her
will remember 30 or 40 years ago wher
a man would sit down to his table, il
any part Of the country, and what h,
had on his table was produced within
q radius of ten miles Of where he lived
Yes.l To-day what you eat and wha
you wear, much of it, is shipped thou
sands and thousands of miles. Wher
/ was boy we used to shear sheep ant
take the wool to the mill and there i
would be carded and spun and wover
and the miller would give back to tn
farmer the cloth for the clothing o
his family. Not a dollar changed
hands. How is it managed to-day
The wool is shipped to an eastern mar
ket and the freight is paid in cash, it i
manufactured into cloth at the mill
the labor paid for in cash, it is sold t.
the jObber for cash and the manufac
turer for cash, and the manufacture
sells it to the wholesale man for casl
and the wholesale man sells it to tn
retail man for cash, and the retail maj
sells it back to the consumer for cash
and it is bought, sold and paid 70
seven or eight times in cash. Nov
that is the condition existing all owe
this entire country; that is the change,
condition under which we are doin,
business to-day, practically upon casl
basis-barter and trade ceasing to b.
the prevailing conditions. That con
dition calls for more money; it call
for ready money and it calls for me
dunn of exchange in proportion to TIT
business of the country. We have no
that to-day, or we would not have tn,
conditions which VIC have.
CONDITIONS THAT CONFRONT US.
I take this position: That tn
farmers of this country are the founda
ton of the country (Applause.) The,
are the foundation OF all the progress
and prosperity in it. (Applause) l
the farming class are prosperous, they
are all prosperous. If the farming
class are hard up, all classes are hare
up. / have lived in fifteen or twent,
different States and l have observe,
in all the different States that when
ever the farmer was prosperous, al
classes OF people were prosperous, ant
whenever the farmers were poor, tn,
balance OF them were poor. Thu
farmers are the men to whom we mus
look as the foundation of our Repub
lie. (Applause) If the farmer can
not pay his taxes, success must stop
and farmer cannot be prosperou
when he sells his produce for less thar
the cost of production. We are tolt
that money has not increased in valu,
or purchasing power. That money il
as cheap to-day as it ever was. They
say eve used to pay as high rate O
interest and higher than We are pay
ing now" What is the basis for loans
What is the basis for credit? 1t is rea
estate - what about rents? VIVA
about the commodities of the farm
What about the price of labor? Now i
interest is just the same, you say tina
the money has not increased in value
The basis of all these loans has de
creased in value and almost all tn,
real estate all over this country i
rented so cheap to day that the rem
received will not pay the taxes and in
surance TO say nothing of the interes
Of the money inveated Vet thay 40