The daily morning journal and courier., 1896-08-19

plause.) We must oppose the nominee of the Chicago convention Ca voice, "Hurrah!D, and we know full well that the success of our opposition will mean our own exclusion from public life, but We will be consoied and gratitied by the reelection that it will prove that the American people cannot be divided in to parties on question or simple nor als or of common honesty, tApplause) We would look in vain through the speech delivered here one week ago to find that true statement of the issue involved in this canvass. (laushterl Indeed, I believe it is doubtful if the candidate himself quite understands the nature of the faith which he pro- fesses. (Laughter) l say this, not in criticism of his ability, but In justice to his morality. Gaughter) I doubt if he himself understands the conse- quences of the doctrines which he breaches; his own hands would be the very first to tear the platform down that on which he stands (Applause)
 Getting into his address, and speak ing on the currency question, MT Cock ran said:
 As a matter of fact an increase in the coinage is no proof of an increase in property, but may be strong proof of a decrease of wealth. Let us take for instance, this watch case. That is worth it's bullion value, plus the la Dor that has been expended on 1t. If, now. I melt that down into a ten-dol- lar .~ )ld piece, it is worth nothing but I,-- hnG an increase in the quantity of money, but a decrease in the volume of natton- al wealth. I could not buy a watch case with the coin which would be coined out of this unless I added some- thing to it, and the pretense that men can be enriched by swelling the volume of the currency is the oldest delusion which has affected mankind since the very beginning of civilization. GAP plause.)
 The volume of money plays but a small part even in the ordinary trans actions of life. It is not the volume of money but the activity of money that counts. (Applause) If any person wants to see just how a dollar works in the ordinary exchanges. in what might be called a retail business he has but to take a dollar out of his pocket and go into the street and buy some fruit. Now the fruit dealer would take
 the dollar and buy some vegetables. The green grocer with the same dollar
 would buy neckties. The dealer in ties with the same dollar could buy meat and so on, so that one coin passing from hand to hand might circulate twenty
 dollars worth of commodities in the course of a single day.
 That one dollar circulating twenty dollars worth of commodities makes
 more business than two dollars could
 make if they circulated between them only ten dollars worth of commodi- ties. (Applause.) Money never can circulate freely and actively unless there be absolute confidence in it's val
 ue. (Applase,) If man doubts whether the money in his pocket will be as valuable tomorrow as 1t is to-day 1 he will decline to exchange his com modity against it, and this populist ag- 1 itation threatening the integrity of money has been the cause of the hard times through which this country is passing and from which it will not es- cape until the heel of popular condem- | nation is placed upon the populist agi-
 tation which undermines the founda- | tions of credit (Applause.)
 l Now my friends, in the larger trans actions alone there is no money used at 1 all The comparison of value with | money is purely mental operation. If l for instance, farmer sells a cargo of wheat in Chicago a draft is drawn fol l it on London. That draft is sold here l in New York to purchase property by
 the merchant who owes for consign-
 ment of silk at Lyons. A check is re mitted to Chicago in payment of the l draft. The farmer draws his cheeks
 against that check for all the debts he | owes in planting his crop, in transport l ing it and for the expenses of living. | Here is an exchange between a cargo | of wheat and a cargo of silk in whicl
 money plays no part whatever except
 for mentally fixing the rates at whict
 these commodities are exchanged The | basis of sound trade is sound money l (Applause.) Money which is intrinsical. | ly valuable, money which like the golc | coinage of this country, the government cannot affect if they tried to- (Ap. l plause) l can take ten dollar golt | piece and I can defy all the power ot | all the governments of this earth tC
 take five cents of value from 1t. (Ap.
 plause).
 Having earned it by the sweat of my
 brow, having earned it by the exercise | of my brain having earned if by the exchange of commodities, I can go t
 the uttermost ends of the earth ant
 wherever I present it it's value will bt unquestioned and unchallenged (Ap
 plause). That gold dollar, this meet
 ing, the democratic party, the hones
 masses of this country, without distinc
 tion of party divisions, demand shal
 be paid to the laborer when he earns i l and that no power on earth shall chea | him of the sweat of his brow (Ap | plause). Now, let us see how Mr Bry
 an proposes to deal with this proposi
 tion. I have looked through his speecl
 to find what he thinks he is going to dt
 for the laboring man and find that Il, | disnisses him with q very few anC
 some very unsatisfactory phrases Bu
 is ts perfectly clear that the purpose O | the populist is to put up the prices O certain commodities.
 Mir. Bryan's language is that he is go ing to improve the condition of the peo pie of this country. not of all of them | but of the greatest number. Well. now
 do not suppose MT. Bryan pretends tt
 any miraculous power. I do not sup | Iah u,