The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-17

and legislation itself had its origin in the sell
fshness and tyranny of the moneyed power
of European nations.
But the general result has been to drop out
OF the worlds money nearly one-half its vol
ume and to place an almost double strain and
burden upon gold to perform the money func-
tons OF trade and commerce among mankind.
By law as natural, as silent and as potent
as the law of gravitation it has raised the
purchasing power of the worlds dollar until it
requires nearly twice the labor and the fruits
OF labor to obtain dollar than it did before
this disastrous, suicidal era began.
All SOUND political economists agree that an
era or shrinkage in volume of the worlds
money Is and must be an era of falling price,
we need no political economist to tell us this;
reason and common sense teach it and the
world history confirms it.
Between 1870 and 1884 the United States paid
OF national debt SIS, 900 600, 600; yet it has
been shown by. good authority that if we reck-
oned the natnional debt in eight leading COM
mod1tes-beef, corn, wheat, oats, pork, cot
ton, coal and bar iron-the debt was nearly 80
per cent greater after than before we paid the
seventy-five billion dollars 1t Is said that In
1866 We could have paid the debt with four
teen million bales of cotton. Between that and
1894 we paid what was equal to ninety -four
million bales Of cotton, and 1t would still take
hfty-on million to pay the remainder.
In 1866 we could have paid the debt with
one billion bushels Of wheat, but in 1894 it
would still take two billion bushels after hay-
Ing paid in the meantime five billion bushels
IN principle and interest. And yet in the face
OF this alarming condition of things we are
toiu CidC we must walt Tor foreign powers 10
take the first step towards plain and simple
Justice to mankind and to the worlds human-
lty. 1t is claimed on good authority that any
s.rong commercial nation could maintain bi-
meta!llsm independently Of the rest Of the
world France and the Latin Union main
tanned It for a period OF 70 years at a ratio OF
Az R1an g ! ana during most Of that time Great
| have faith enough in the power and great
ness Of this republic 70 beiiere she cou n an
Ian IAN silver at 16 to in defiance of all the
Shn ~
am in favor of having our nation lead the
march of the nations Of the world towards this
condition Of true and natural Justice
Here Mr.. Nye drew a striking picture of the
struggling colonist Of the revolution bidding
defiance to British oppression as Compared
% WIN our expanded territory. population and
resources, and asked who could doubt that we
were brave enough, strong enough and inde-
pendent enough to still lead the march to
financial as well as to national liberty.
am preaching no new doctrine as a Re-
puDncan; l have again and again as a Re-
pupncan upon the stump in this county and
In this state maintained this doctrine which
was until the 18th day of June, 1885, as much
Republican doctrine as the sermon on tha
mount is the doctrine of Holy Writ The
Republican platforms of 1883 and of 1892 and
the state platform of this and most every
other Republican state in 1894 proclaimed
TINS true and essential doctrine of the people.
Turn now to the Republican platform
adopted in st. Louis in 1896, which declares
In favor of the existing gold standard.
They inserted in the platform a clause
| pledging the Republican party to promote
international bimetallism. What did that
mean? II they honestly meant what they
said 1t was an admission that bimetallism is
right. II right then 1t was cowardly to hest
tate or wait for foreign powers. II they
| merely meant to deceive the people by this
clause, they deserve defeat. One of two things
is true-either they meant IT or they did not
| II they meant to announce the doctrine that
| bimetallism is right but that we must wait
for foreign powers to lead in that direction
then fo 1ood bro
! people to battle. If they did not mean it.
but meant to hold this nation and the world
down to the single gold standard, then they
| inserted the clause to deceive the people
and they deserve only defeat. For myself,
in the face Of such evasion, such cowardice
| or perfdy, call 1t what you may 1 will
adhere to that which my conscience and
Judgment tells me is right. I am from aboli-
tion stock. My father was the first man in
his county in the state of Maine. more
than forty years ago. to vote the abolition