Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1896-08-13

be prosperous. but the people are not prJs.
porous at all Up here in Maine and New
Hampshire payer pulp Ia Hlade cheap.
Howl Because the manufacturer Is close
to cheap labor In silver countries labor
is cheap and kept cheap by the silver dol
lar For my part do not want that kind
of prosperity | want a prosperity which
by good wages to all is shared by all We
for all our people
! won dis-,.ss the q sstion whether the
free coinage OF silver will raise It To par or
not Very few people claim that II will,
and II they did could not believe them
l was told In 1890 by two Of the most
sincere az well as the ablest men that the
purchase OF 1900. 900 ounces a month
would raise silver TO rar, and when We did
buy IL silver went down like Lead Silver
men have not been good prophets In the
past
If. then, We are going TO have dollar
inferior to what we have today what will
be the effect of it? Higher prices, they
say. Not for everything II you have
800 in the savings bank today, you can
get 100 gold dollars from tho hank. II this
wild project succeeds and you are paid In
silver you will get 800, but they will be
80 or 81 or 10 cent dollars II you have .
pension, that must be scaled down II you
have q bond, that goes down too
VIII the wage Garner be any bstter Off
What you buy will go up win your wages
60 up toos There you have experience to
guide you Wages during gresnback times,
measured in gold. did not go up ~ other
things did They went part way. b~s noe
all'the way up. and were very slow shout
that But wouldn't business b bsseer fox
more money! 1t might he aJ<Hs . terrible
cash with bud currency, and than We
would have to get back again Hrendy may
seem to strengthen. but plain broad and
meat are the surest
What we want u not mors msney, but
more capital Money always comes With
capital. We have money now. moss THAN
we Use, lying idle. We have lust e1-
ported a lot of it Money is the s,ankorres
of capital, rs IL hnyrack and horre 10 .
transferrrr Of hay. More hayndAs WIN
never make more hay, but moss hay will
REQUIRE more hAyr..cks and 10 sase 70 81
them
Look at the PasA
If l sell you my house IN Portland or
mort gage 1t for S., 900 and ssnd tho result
to Washington state oonl mine and 1t Is
spent and cores back to Casoo bank. NY
s., 900 worth of capital Is in Warrington
Just the same What this whole country
needs is capital from abroad, from the
whole world ! expect some Of you will
be surprised ind ask whether tho world OF
the Critcd States Is not tmmause and
sufficient l,umcnso yes; sufficient, no.
Oar capt. i is greet, but the United
States is very much greater. There arc
millions Of square miles and 70, 900, 900
of people and undereiofed riches without
stint But there is not capital enough To
keep -, coo, coo Of people at work When
are we the most prosperous' 1t Is when
the -, 900, 600 are all at work, and when
that happens we borrow Of the rest Of tho
world thousands OF millions OF dollars.
Let me give you one plain proof OF tho fact
that money comes with capital
In 1870 we We're prosperous Our pco-
pie were all Al work Consequently there
We're good wages, and wealth greatly IN
creased. Al that time the figures show
that in that year we had 800, 900, 600 Of
gold more than we had in 1852 Every bit
of that had been imported or kept, the
product ~ our own mines 1t WAS busy
Transforming this vast capital we had boz
rowcd and that which we owed ourselves
Now, just a- soon as this election is over
and the future position OF the United
States is assured both rs to money and Ia
the employment of our people, capital Is
ready t. come 70 us from abroad and from
our own people and we shall again be
pruSi erous
l know this plain, temperate statement
does not seem 50 highly colored rs will be
given by speakers who are not really re
sronsitlr for what they say, but 1T has on.
ADVANTAGE II win be found 10 be true