Omaha daily bee., 1896-05-17
MR. nnlAN's SECOND TEN MINUTES.

experience or the past. ApplauAeJ
MIR. sECoND TEN MINUTES.
He Asks Questions Concerning the
Rising Dollar.
again ask Mr.. Rosewater to tell us what
the effect of the rising dollar is upon the
c.editor class. He came very near 1t that
time. l could see he was edring up to 1t,
but ne got scared when he got beside it. l
insist that he should tell us whether the
creditor class would be benefited by the rising
dollar. He has told us that sometimes wheat
goes UP and sometimes wheat goes down. He
is a good deal like the man described by
Donnelly, who was asked which was the
warmest month, January or July? why
July" he said, "of course
How do you know why, ne salu'
because it is always that way He was
asked. -,
''Does 1T get gradually warmer then?'
yes he said.
Haven't you seen days in April that were
cooler than days in March?' yes"
WHY. my friends, we know that corn would
go up or uown according to the supply anu
demand and wheat and everything else, out
that If your dollars are getting SGaEcer an
the time that that rice and foil VIII be upon
a declining plan-that is what We insist upon.
Not that there is a great fall in any partlc-
ular thing, but that the average OF prices Is
down, and down, and down. He says, why
did cotton go up during the war? Because
GOTTEN was scarce" Why does nancy go up
now? Because money is scarce. Great APP
plauee.) | am glad he told us ABOUT the
mortgage on The Bee. 1t proves Two Things,
1t proves that the silver craze Is noI ueaa
vet. for it has scared him. Applause)
More than that, it proves that Mr.. Rosewater
has made provision to pay his debt In dis,
honest dollars" Great applause) why ana
he not agree to pay his debts in "a dollar
-.-- .hn - W n Wnnfp1
to preserve the right to pay it in "a dollar
that was good in Mexico and Japan Maybe
he is going down there.
LAWS THAT BRYAN WOULD HAVE
He says that they had to issue ponds
because there were too many bryahs ~
the country. But, my friends, he does not
answer my question. askea MN IL sn,
yer. as money, was as good as sola money
TODAY. why we have to borrow gold 10 pay
our debts? That is the question. III that
silver is not good enough to pay our ueD's
| want to know why 1t Is not. Inc Ia"
says it is legal tender unless you WANT "
contract against It.
Now NV friends, If I had my way about
IT. I would have a law that would prohibit
the making of a contract in any particular
kind Of money. (Applause) Why? Be
cause | say that that money which the law
declares to be good for the common people
ought to be good enough for the money len
der. And he attributes low prices to the
effects of machinery. | call his attention
to the fact that from 1850 to 1873 we mad
as much improvement in machinery as we
have had since 1873, and prices rose. They
did not fall. | also call his attention to
the fact that Il could not be machinery,
because in the last three years prices nave
fallen more than in any three years IN the
history of this country, and there have been
no improvements in machinery to explain
1t. He says that wheat has gone down, and
not silver.
want now to answer the proposition that
he tried to refute when made by Mr.. Har-
vey. He claimed 500; and he said df
recollect The Bee a%rticle) that, because you
could not take silver to India and have
it coined free, therefore,, the farmer in this
country was not at a disadvantage.
FREE COINAGE IN INDIA.
want him to turn to the mint report of
1894. and | want him to read there what
the director Of our mint says. When India
suspended the free coinage Of silver, in
1898, the government agreed to fu'nish 10
rupees in return for any one gold pound
presented. In 1873 the rupee was worth
about As cents and 1t took 10 rupees to
make a pound. Since then, in India, gold
has risen until 10 rupees could be bought
for a gold pound, and the government agrees
now to furnish Is rupees to anybody who
will deposit a gold pound. In 1873, II a
man wanted to buy wheat in India or the
United States, he bought on the same basis.
+'S"t - 80 's'N' 49, 80 '"N INV
States, he buys on the gold basis, If he
buys In India he buys on the silver basis,
and the Indian farmer has an advantage
Of 8 rupees out Of 10, over the American
farmer, and Mr.. Rosewater knows II II he
would examine the mint report, for the re-
pert 80 declares il, ANY man who wants to
buy wheat can go there and get his 15 ru-
PEGS at the mints OF India and buy his
wheat in India. More than that, not only
has there been a fall in the value of wheat
and cotton because of the fall In silver
but because the increased demand for gold,
created by legislation, has lowered the price
Of all property. (Applause.)
Now my friend speaks of the tariff and
he says that the tarif was the cause Of
low prices.
All. no! would be glad to discuss the
tariff question with Mr.. Rosewater; in fact,
II | am not mistaken, / had not been in
this state quite a week when l heard Mr..
| Rosewater make a speech in republican con-
v~ention in Lincoln In which he supported
an amendment introduced by Van Wyck In
favor of the reduction OF the tarir on GER
tain things. Now, that is my recollection,
and / ask him TO verify 1t. He knows bet
ter than ! do. But my recollection is that
one OF the first tariff reform speeches /
ever heard in Nebraska was from the dis
tinguished editor OF The Omaha Bee. Has
the tarif done It,, my friends, low tariff ?
Not at all.
call his attention 10 the report made by
Mckinley in 1890. (Applause)
Now. IL those republicans who hurrah for
Mckinley will hurrah for 16 to l, we Will
have the contradiction that we are usually
having. (Applause) Mr., Mckinley said in
his report in 1890. that there was wide
spread depression in agriculture" He also
said: 1--WE have not believed that our peo-
pie, already suffering from low prices, can
or will be satisfied with legislation which
will result in lower prices"
TALKS TARIFF REFORM.
They had had a protective tariff for
twenty years, Mr.. Mckinley said that agri-
culture was depressed and that they ware
suffering from low prices. and then two