The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-09-24


ut the top and working Town, by com
mencing with the vorers instead of the
| bosses, secured n platform which breatbes
the spirit of the declaration of independ-
encea and gives inspiration to the toilng
millions of the United States. 1t is not
strange that tens and hundreds of thous-
ands have deserted the republican party.
Not a day passes that do not meet re-
publicans who tell me that they are re-
publcans but they find more of the re-
publicanism of early days in the demo-
cratic platform than in the republican
platform this year. They say there is
more there to give them hope of the main
tenance of free institutions than they can
lind in the republican platform.
IF anything is wrong with our laws
we can correct them with the ballot. but
II we transfer the legislative power from
Washington to Lombard street, our bal
lots can not reach them and we can
simply go upon Bonded knees and beg for
sympathy and compassion from them
who have never sympathy or compassion.
Those who are dominated as money
changers have never in all the history
or the human race listened t9 anything
but force. They have no heart; they
can not feel; they know nothing but greed
ana avarice and have no consciousness to
which you can appeal. (Applause)
! When these republican politicians refuse
to tell the American people what kind
of system they would have they must not
expect the American people to put their
financial affairs in the hands of those
who do not know what ought to be done.
or If they know are determined not to
let anybody else know what they know.
| tApplause.) There is no ground on which
the opposition is willing to fight this bat
tie. They dare not declare in favor of
the gold standard. We are sometimes
accused of using eXtravagant language.
but we do not have to use extravagant
language. whenever we want to be very
emphatic we turn back to the utterances
of men like Carlisle, who are now wor-
| shipping the golden calf, and use their
language to show what emphasis was
used before their hearts turned from the
people to Wall street. (Appause) If
we have the universal gold standard, it
means that the annual supply of money
given to all the people of the world must
be drawn from our gold mines each year
and not all of that can go to the minis.
because the great bulk of il is used in
the arts The gold used in the arts is
| increasing every year and we shall reach
u time, in fact, some insist that the time
is already reached, when the total amount
of gold produced every year will be need
ed for the arts and leave no annual prod
uct to keep up the demand for money.
(
| along with less and less money rs the
years go by. Some Of them have so
much confidence in the substitutes for
money that they believe the time will
soon come when we will need no money
at all. They remind me of n man who
thought fish could be made to live with
out water. They took herring and put
it into Il pail of salt, gradually took out
the salt water and put in fresh water UNI
| n hnt bn
change was made so gradual that the
fish did not know it and kept on living.
Finally the salt water was all gone. Then
he took the fish out of the jar and put
it in a bird cage and fed it like bird
but one day when he was gone his at
tendant thought the fish was not doing
well and he put a saucer Of water in the
cage so that the fish might moisten its
food. When the man got back, behold,
the fish had got its head in the water
and drowned because it was not used TO
1t. (Applause.) My opponents think
you can gradually substitute something
else for money and do 1t so gradually
that after while people will not know
what to do with money If they had 1t.
But, my friends, it won't work. If bus
mess and business prosperity increase,
don't you suppose bank deposits will in
crease also? What are you going to do
if your money does not keep with pros
perity and industry? Yet our opponents
in charge of the financial system in the
last twenty years have increased the cir
culating medium more than $150000.00O.
Instead of giving us an increase, we have
a decrease of more than S150,000,000 in
two years. That means there must be
less prosperity less deposits or else that
reserve fund will not be sufficient to keep
pace with deposits. Are you going to
| furnish English money to ma lxa BANKING