The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1896-08-26

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prosperity reigns for sometime. longer
or shorter, men think that hard times
are permanently done away with and
get wild and overprosperity sets in.
Then some wise men, earlier than 9th.
en-, see that the world cannot absorb all
that Is made, cannot permanently sup.
port all the enterprises which the over.
confidence Of men has set in action and
begin % doubt, 10 refuse discounts, to
hoard money and call a halt to specula.
tions. Then distrust sets in and hard
times follow. While we are climbing
out OF our troubles we suffer.
In 1883 We had as great crash a.
we had in 1873. Al the world went
with us. but for special causes we have
gone further and for us il is a longer
way back In 1892 we thought hard
times had been banished forever; we
were sure that work and high pay were
ncyermorc TO be separated But we were
mistaken The election Of 1892 was o
great misfortune. Il may be we would
have had collapse then; no one can
be quite sure But IL we had been in
skillful hands we should never have
gone so far or suffered so much.
when the Sherman law was strug.
Cling 90 be- repealed tho Democratic
press and even some Republicans told
rs that the repeal would be the final
remedy and business would revive !
never shared that belief; on the con.
trary. just three years ago, lacking two
days, while l was conversing with good
Democrats, 1 took occasion IN the pres.
ence Of 5000 men, women and children,
TO declare that the repeal Of the sher.
man law was only one step in the on.
ward march sincc thon many bad
things have happened plurging rs deep.
or IN the mire. In that very discussion
/ told the Democrats that did not ex.
pect the Democratic rule 90 be utterly
bad But ! had not at the time the
slightest idea what the Chicago conven.
tion would do or say In 1896. Since
that speech In 1898 we have had a severe
lesson. Whom the tariff act proposed
by Mr.. Bryan and his associates Wa
presented IN the house, It was certainly
a great shock 20 the business interests Of
the country. The shock had stopped
business. Then came the income tax.
unconstitutional and destructive. de.
clared 20 by the supreme court. and
then the attendant deficiency. That de.
fcioncy ard the way u has been man.
aged has scared and frightened our peo.
pie beyond all reason. Why has this
SiOo,oo0,00O frightened us sog Because
the government has refused either %
raise the revenue or separate the deficit
from the redemption Of grcenbacks.
Had the house bills Of the last Ses.
sion passed congress and become law
the country. with full hope in a Repub.
dcan administration in the near future.
would then have started upward and
onward
I'VE must restore confidence. How
can we restore conddenccg First. by
putting anarchy down and all manner
OF disturbances Peace and a stable
government are the first necessity. This
Is a borrowing and lending world. Nc
amount Of denunciaiion of money lend.
err, no wild talk about Wall street.
which. by the way, Is the greatest
money borrower in the world. will ever
put down that fact Enterprises arr
carried on by the united confidence Of
men and money and men Of brains.
Remember that this contest today is
not between bimetalism and monomet.
allism That subject would bear dis.
oussion. This contest is between silver
monomotaliism which We have not and
gold mouometallism which we have.
That subject viii not bear candid dis.
cussion. This contest also Is not be.
tween the east aud the west. There
can be- no such contest. Our interests
are identical With their growth comes
our growth. We cannot 70 on alone.
We have sent our children there; our
money is there No misfortune can
happen TO them that does not happen 20
us. Every wise man agrees that beyond
the Mississippi lies the great wealth Of
days 60 come. In the development Of
this wealth we ARE all interested and
we. m the cast, are not the unwise men
TO b hevo that we are not concerned In
the progress and future Of the west.
Unfoundod sectional differences AT,
without excuse and &c win Do woe q
those who try 90 fomont them. The
west Is too vigorous not % find out tho
truth and IL is too yalient not TO follow
it when found
What the wNt needs is loanahls
capital which will develop its resources.
No part Of this Union is so concerned in
restoring confidence as the undeveloped
territory. The south has a similar in.
tcrcst, but they are busy just now as.
sorting their rights and keeping down
the negro, II they could be persuaded
to look after their interests what hap.
ny country this might be-"
In conclusion Mr.. Reed said:
These financial matters arc governed
by natural laws and take their course
BE not deceived by false prophets. In
the west they tell the people that Maine
Is tailoring. You aud know she wa