The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-09-09

If we could trust our affairs to a New
York banker we might endure it for
time, but when you remember thar
the New York banker is under the con-
troll of the London banker, / ask you to
reflect before you submit the destinies
Of a free people to a few finaneiers.
I'VE had a failure in this city last
winter, a failure which, in my iudg-
ment, was largely due to the sale of
bonds and to the fact that the Eastern
banks were drawing in money from
circulation, from business, from the
channel of trade to invest in govern
ment bonds. If, my friends, you have
financial policy which permits a few
financierS to close your banks at will
and swallow up your deposits and inn
poverish your people. | want to ask
you if it is not time for you to con-
slider whether this cannot be stopped?
eve have been told that we can
not borrow money from abroad unless
we have financial system that is
satisfactory to the people abroad. My
friends, you let them control your
financial system and you will never
see a time when you can get out OF
the clutches of those who are domi-
mating your financial policy.
II assert the right of the people Of
this country to have their own tinan~
cial system and to regulate their own
affairs, and if foreign people do not
want to loan money to us under these
conditions we will have the consolation
of knowing that the conditions are
so favorable that we soon will have
money to loan them.
\ PROPER FINANCIAL POLICY.
In my humble Judgment, proper
financial policy for the last twenty
years would have left the people of
the United States independent of for
eign money. But instead of that we
are more dependent to-day than we
were twenty years ago. If that IS so.
where will it be twenty years from
now if we follow the same system?
''NNe have allowed them to drive
down the value of our products by their
financial policy and then when our ex-
ports have not been sufficient to pay
the enormous drains of New York eX
change they have taken our gold, and
when they take our gold they do lot
want to leave us any money 10 do
business with in its place.
They tell us that if we have the free
coinage of silver that silver will come
in and run the gold out. We reply to
them, that while we deny that, yet it
is far better for the American people
to have silver come i'm and run gold
out than to have foreign fnancisrs
come in and take it out and leave
nothing in its place.
Our opponents tell us they want
good money, so we do. We want good
money as much as they do, but we
differ as to what good money is. They
want a dollar so good that those who
have the dollar can buy a great deal
from those in need of dollars. We
want dollars that are not so good that
we cannot get hold of them when we
have wheat and corn to sell. The in
terest of the farmer is not the same
as the interest of the money changer.
"Talkabou arraying one class against
another. | want TO ask you why it is
that every Democrat who is interested
in syndicate or a trust, or has
salary from railroad corporation
that is more than his other property
| want to ask why they are all arrayed
against the Democratic party? Why is
it? 1t is because the Democratic party
has declared against the issue of bonds
in time of peace and the trafficking
with syndicates. 1t is because the
Democratic party is opposed to the
trusts and the prices which the trusts
have instituted.
IF those connected with trusts are
flocking together in the Republican
party may we not appeal to all the
smaller business men who have felt
the iron heel of the trust and who
have been driven out of business by
it's unlawful competition?
TRUSTS VS.. THE PEOPLE.
IF we are to lose all the attorneys
of these great trusts, may we not APP
peal with confidence to the support
of the people who have been plundered
by these trusts, while their attorneys
have received a part of the plumber
We are not responsible for the array
ing of one class against another. These
people have defined business men to be
a few, not of the producers of wealth,
but the exchangers of wealth, or those
who try TO corner wealth, and they