The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-15
FIRST HUGE RALLY.


Concluded from Fourth Page.)
the gold standard, looking to no profit, not
abundant love for those most dear to us.
that when we gone they may be pro-
vided for and not left to the cold charity
OF the world / wish to know that my wild
ow and my children, after 1 am gone will
be paid the full amount of the policies
my Ire In dollars that are certain to be
just as good in their hands the dollars
IN which have paid from year to year the
premiums on the policies.
What is the free coinage of silver? There
are many people in this country who
actually believe that under free coinage our
| mint VIII De a sort of government thrashing
machine: that the mine-owners will feed
their bullion into the front end, while the
machine and the dollars run out into their
pockets. such is not the case Of all the
t Iiot one doiIar Will 60 into the treasury of
the United States. We, the people, will pay
an the IN, expense of running the machine.
to one end will hold the bag into which the
dollars fall at the other. You may open
our mints to the free and unlimited coin
age or silver until the mine-owners of the
world with the dollars we coin. can build
a pyramid whose apex reaches to the eternal
| stars. and when it is buided and complet-
ed, there is not one man in the United
States who can take just one dollar from
| that pile unless he has 100 cents worth of
| labor, or the product of labor, to give in
exchange, and whenever man in this free
country has an opportunity to exchange his
labor or his products for money he ought
to insist I upon receiving in payment the
MEN TO BE BENEFITED
If there is a benefit in free coinage, who
will receive it? Is there a man in the
State OF Indiana who has piece
or silver bullion as large as my
fist to present at our mint to have
coined al twice its real value? Not a man
Who are the men to benefit by free coin
age? First, the silver mine-owners of the
/ United States. The silver mines of the
United States are all, or nearly ALL repre-
sented by mining stocks, a great propor-
ton of which have been sold abroad The
silver mines of other countries of British
Columbia, Mexico, Australia and of South
America are owned by foreigners This is
not question of protecting our own silver
product 1t is question of putting the
product of the world, not for the benefit of
cur people, but for the benefit of the mine
owners OF all countries. Can we afford to
II we are TO double the value of products
by law-if that can be done, if the fiat of
its present price-then let US exercise this
hitherto unknown power in favor of those
products IN which more of the people of
our country are directly interested If we
can double the price of things by law then
ee Us n dp2y hs Yer to the egg crop
output is greater than that Of the Amer
lean silver output. Why not pass a law Ito
in the country Certifying N sNGs IS t fge
eggs and thereby double the income of
every hen-raiser? If we can double the
value of things by law, then let us declare
by lazy that f n peck is bushel and we
country by four. But it can DE stored in
the same bins and elevators.
Let US declare by law that eight feet and
a quarter is rod and double the size of
every American farm; yea, in this time of
rImors of war and threatened foreign COM
| pncatons. why not declare by law that six
inches is foot and make every man in the
United states twelve feet tall. Would that
give us our army of giants?
THE DOUBLING PROCESS
Mr.. Bryan promises the farmers to double
the price of wheat, which means to the la
borer double price for bread. He prom
ises on all farm products twice as much as
he is now paid. If this comes to pass will
not the laborers, the railroad men and the
salaried employees be compelled to pay
twice as much for all they eat drink and
wear, while the doubling of prices will bring
to the farmer no real increase of wealth.
because the money will then be as the Mex
lean dollar is to-day-a 50-cent dollar, bring
ing no more for him than half-dollar does
under our present standard. Yet to the la
boring man and to those who work for
wages or salaries. the increase in price of
all those things they need cannot be met
unless their wages and their salaries are
doubled under the standard. Will the
wages OF men rise in proportion to the de-
probation of the money standard? They
never have, and there are many men in
this audience whp can attest to that fact
1856 in proportion to the depreciation Of
money in which labor was paid? Our
~ 2e q o Ia in purchasing power to
from to 81 cents. Were wages doubled
and multiplied SO that the Iaboring man
was paid proportionately as much for his
labor as before the depreciation of the
monetary standard? Our statistics show
stationary during those years r. was aeiii not
until after the war our greeribacks began
to appreciate; in fact, it was not until we
ard Of values that the wages of labor in
creased from year TO year In time of
cheapening money labor is the last thing
to rise.
How will the free coinage of silver bv
the minis of the United States bring pros,
perity to American labor? viii it open one
door which is now shut against the EN-.
mountain torrent to a single rotting water
wheel? Will it relght the flame On any
American forge or set to singing again the
merry music of the spindle? Tell me how
The people of this country have the right
to demand and to know before thew resor,
to experiment h n, Tel me how you who pose
The demand for labor comes in time OF
great business activity. Business activity
never exists and never can exist so long as
there is any question, or uncertainty OF
instability in the monetary standard Bust
ness and manufacturing can only be suc.
cessfully carried when capital is seek.
ing Investment, when interest rates arf
low when renewals of loans can he dad.
appreciation of the values of the gold dol.
lar forget that the value of money is mos;
certainly tested by its interest rate and by
the price of human labor.
WHAT INTEREST RATE SHOWS.
Since 1873 the interest rate of the United
States has steadily fallen. In 1878 the PEG.
pie of the West paid 10 and u per cent. for
money. Since then, year by year, as theii
loans have been renewed, their interest rate
has gone down to s. and per cent. and
in many instances to per cent Measured
by the price of labor our present dollar is
worth less than the dollar of 1873 Fo,
nineteen years after the so-called crime oil
1873 the wages OF human labor steadily ad.
vanced. For nineteen years this country
went steadily onward until it actually over.
took ana passed all other atoms in indus.
trial progress. In those nineteen wears tbs
plain people of the United States huijf anf
paid for more homes than had ever beer
/ owned or possessed before that time nv fhf
laborers of the whole world
The silver agitation has done more n
withdraw capital. to dwarf Investments r.
stop manufacturing to paralyze business
to destroy the price of labor to increas :,
the interest rate of the country than car
be atoned for by decade OF restored pros.
perity; and yet the who have hrough,
about these disasters still pose as cham.
pions of the people. still insist that the