The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1896-08-28

'sNow what 10 the policy that v II
been having for twenty-three year4 ii
ator Sherman has been telling you Nv
have maintained gold and silver a& q Sar
Mr. Bryan seemed to think he ouht
say something on that point and heSta
IN that speech made In Madison SquSe
den. to which have referred, that n ii
been able. to maintain silver dollars Gun
In the ratio Of 16 to / at par with ga.
cause the silver dollars arc a legal tnd
silver dollars are maintained at paiwl
god 10 because silver dollars and ever o.
er form of United States money are r6ee
able in gold.
Mexican Dollar.
81 saw that they were selling Mexica ID
lars on the streets to-day and thotht
would like to see them. I do not WHIT I'd
palm any Of them or on anybody. but I
sent down and got a couple of them Ind y
United States silver dollar There ab six
grains more of pure silver In each 0fthese
Mexican dollars than there Is In thl one
United States silver dollar. These Mclean
dollars down In Mexico IRE legal ttdcr. |
They are worth down in Mexico, there
worth up here In the United States. You
can buy in the City Of Mexico with ole of
our silver dollars two Mexican DOLLAR, or
practically that-a few cents difference.
Why is 1t? 1t Is because the Mexica1dol-
lar has no redeemer. Great laughteiand
applause) When you get the Mexican dol
lars you are at the end of your buanessul
transaction. That Is money. That q the
highest money they have In circulfion. =
But when you get the silver dollar Q, the
United States you md 1t worth dollr III
gold because II you want the gold allyou
have got to do Is to ask for 1t. That all
you ever had to do under Republican fule.
Nov has tor has 1t not been wiseEhat
we have pursued this policy? Havelnot
you been proud of the currency 04the
United States during oil these past y4rs?
Has not 1t been the pride OF every patrptlc
American that as our gold would t4vel
around the globe, so too would every d(lar
OF our paper money, being redeemabli iq
gold. travel everywhere and be everywhre
honored at Its face? We have had stflol
currency. As Senator Sherman has p0i4ed
out, we have had an abundant currerfy.
There has not been any trouble with it Until
during the last two or three years. Util
Mr.. Cleveland came into power the sec4d
time. you did not hear any complaint abht
our money, did you? You did not hear pf
any trouble with the gold reserve. All ills
trouble has arisen since then. Why? Sin.
ply because. as every Intelligent man knows,
they adopted policy Of free trade as c{l.
tradistinguished to protective tariff polly,
and the hrst result was the paralysis BIZ
business and the second result was deaci&t
revenues to the government When peote
see that q government takes In less monty
than 1t has to pay out, they begin to st
distrustful Of 1t. When the creditors Of this
nation saw the Democratic party in powell
and they saw the kind Of policy It Ell
tered upon and saw its results, they gt
uneasy; they commenced demanding pay
ment, and then you heard for the first timl
That there was gold reserve, and, as thu
singer. said awhile ago, 1t was ''tumblin1
down." and soon bonds had to be issued.
Now, my fellow citizens, the best remedy
for this whole trouble is to put the RepubI
lean party back into power; restore thd
Policy OF protective tarfff; reinauguratd
the policy OF reciprocity and give to tho
American people an economic administered
tion, under which the government would
have enough revenues to live and everybody
engage In business III this country, and
every laborer in the country finds something
to do" prolonged applause.)
Gen. W00dfOrd Makes New Points
The crowd at the meeting tonight was
the largest ever seen at q political meeting
In this city. Every foot of seating and
standing room in the immense tent was
occupied. Lieut. Gov. A. w. Jones pre-
sided and introduced the speaker Of the
evening, Hon. Stewart T.. WoodfOrd of New
York. Mr.. Woodfords speech was remark
able for Its logic and created very strong
impression. Among other things he said:
Honest fulfllment Of Populist pledges
would put US on paper basis, redeemable
In paper and In paper alone, and Just
where no civilized land in the world is to-
day. 1t would be currency Of soap bub-
bles redecmbale In soap bubbles, affording
no basis or foundation for any superstruc-
ture Of business, farming or labor. Irre-
deemable paper money always begets and
compels speedy and continuous Increase.
And such increase has always ended In
reputation. The world has had three ex-
periences Of Populist finances within the
last two hundred years"
Gen. Woodford reviewed John Law az
minister of finance in France during the
reign Of bourbons in 1720. when the
Tallyrand said: You can arrange 1t 80
that the people shall be forced to make o.
thousand francs in paper instead Of thou,
sand francs In specie; but you can never
arrange 1t 80 that man shall be obliged
to give thousand francs In specie for a
thousand francs In paper"
After showing the distress and disaster In
France the speaker referred to the issue II
$24l, 100000 Of paper money by the Amer
lean Continental congress as the third ex-
pertinent, closing his argument on this
epoch as follows: y
Neither patriotism nor, courage could
keep this continental money afi0at. But
one thing could do IL aud that was redemp-5
tion In coin. That one thing the CONT,
:lenta! congress did not try, and the entire
Continental currency was rcpudiated. Thls
is II hard word. Fut 1t IL truthful. That
money had pail evr forefathers for their
winter marches in the snow Of Valley
Forge; that money End bought the liberty
of the nation. dur fotefathers had not the
wisdom to redeem or attempt to redeem
this currency III coin. and It was repuJiated.
In March, 17SO. :ongl ess by decree, author
ICED silver to be nseu for legal tender PAPER
money at the ratio ct to 10. That was
much better ,iaIi e to 1. In Dacember.
1880. they had abandoned any attempt to
redeem 1t at any ratio or In any manner.
It was dead aud buried. II congress did
not, would not, or could not keep the legal
tender national money Of the Revolution at
par with coin. II It honest or Wise for ~
to attempt the experiment now7 Are We
Drawer than our fathers7 Are we more pa
triotic than our fathers? Are we more HON
est than our fathers?
1.-THE HAT money Populists trust Nr.
Bryan, ard therefore I dare not. They have
read tho l,.n .c:s tlc platform with its
promise IL pay money Ia coin, and yet they
who Del!sve Il constant and Increasing Lei
sues IT irredeemable i.apet believe In Mr.