The evening times., 1896-06-23
GOV. Al LTGELD's LEAD
Continued from First Page.

people could no longer be deceived. The
probabilities were that neither party would
make any radical change in the present
tariff. A high tariff, he claimed, always
contributed TO build up few ut attheexpcnse
of the many. 1t protects the proprietor,
but not the laborer; for while 1T checks
the importation of gocds it cannot prevent
the importation OF cheap labor from all
over the earth.
The money question was next adyerted
to. between 81 :, nd 1880, y he said, this
country and all the nations Of Europe by
law destroyed one-haif of the redemption
money OF the world and reduced by fully
oDe-half the annual addition To the stock OF
money of the world. Silver. when used at
all. was put on the basis OF paper money.
The effect of this was to double the work
W bich gold had to do, and by doubling its
importa nee its purchasing power was
doubled.
WHAT GOLD HAS DONE.
ut made 2G0-cent dollars, so that on
the average ii took twice as rnuc. of com
modities and OF property to get $1OO as
il formerly did. AS the debts. interest and
taxes and other fixed charges were not
reduced, it look nearly everything which
the farmer and the producing classes gen
orally could scrape together to meet the
fixed charges. They had no money left to
pu rchase the comforts of life. Their pur-
chasing power was. gone. This destroyed
| the trade of the merchant and soon forced
the factories to shut down. There being no
markets for what the laborer made, he had
to go idle. so that the producer. the mer-
| chant and the laborer were all in distress.
The Democratic party must speak with
no uncertain sound on this subject. Hedg-
| ing renders a party inpotent, reduces it
| 10 a mere office getting machine, and
makes il contemptible. Our country has
| gone through a period of political strad-
ding on all questions. He was considered
| the best politician who could fool the most
| people; but all things coine To IN end, and
| this practice has reached its limit. The
people are III earnest, and demand pam
| talk
| NOT SEEKING REELECTION.
The speaker characterized the late Re
| publican Convention as the most traZen ef
fort ON the part of organized greed ever
! attempted to control The Gestinies OF the
country. 1t adopted u platform. he, as
serted. in the interests of England, its prin
cipies stand fer paralysis. POVERTY aud dis
tress and it put in nomination for President
man who will only he a servant To carry
| out the mandates of his managers.
The remainder OF the governors speech
dealt with State matters. All of tie de-
partments at the capital were in admirable
condition. But he condemned the pres
ent revenue system as monster OF in
Justice. The Republican legislature came
in for a severe criticism for its alleged
corruption. The establishment OF the
State account system in the penitentiaries
lie credited to the Democratic pa IT y mainly
but recommended still further reform
which will take the prisons entirely out oi
the competition with other labor.
In conclusion, the governor said that III
appreciated the approval OF his friends. a
sho WI by their desire for his denomination
but claimed tie was not in a condition L
stand for reelection. His health wal
broken by his attention TO public duties, AM
his property interests were suffering. IL
had no ambition to be party leader, ant
asked that he be permitted to retire fron
public life.