The herald., 1896-10-31
REEDS AUDIENCE WAS BIG
But Very Few Heard the Or.
at0r's Words
TAFFY FOR THE GOLDBUGS
Who Used to Belong to the Democratic
Party
Sensible People Don't Need Money to Do
Business-Nothing But Conf
dence Is Needed in Trade
Associated Press Special Wire

Associated Press Special Wire
SANTA ROSA. Oct. 9O.-Thomas B.
Reed was greeted by an immense au-
dience here today. but owing to the
poor arrangements in having him speak
in a small pavilion at Kronckes park
only one-half of the big audience heard
what he said. He was introduced by A.
B. Lennon and expressed high sense
of appreciation for such a fine audience
and said he would appeal to reason,
not to passion and prejudice. He then
paid a tribute to the Democrats who are
aiding in the support of Mckinley and
opposing the Chicago platform and
ticket. He INDUCED in q. short review of
the history and accomplishments of the
Republican party, claiming that the
Republican party had made better
average than any other party in the his
tory of the United States. With the aid
of loyal Democrats they had saved the
country during the war, and he asked the
Democrats If they were not proud of
the part they had taken at that time.
He praised the Republican party for
what 1t had done in resuming specie
payments. Since that time the coun-
try had paid off an enormous amount of
debts Many who held those debts paid
only 20 cents on the dollar, but paid
when the risk was very great. and it is
only right they should be paid the full
amount. The United States might have
paid as the confederate states did, but
the nation rose to the emergency and
held every bond was as sacred as the
soldiers graves. The Republican party
made it So
In discussing greenbacks, Mr.. Reed
said that many had said they had car
fied us through the war. He did not
believe it. There is some virtue in fiat
money in a certain amount, but when
ieglSlatlTe bodies are sure to be asked
to make over-issue 1t is like getting into
a Dig hole and then trying to climb out.
OVer-iSsues are like digging a hole, SO
as to have longer clinch to get out.
Following the resumption of specie.
Reed SAID, came fourteen years of the
| greatest prosperity ever known. This
was due to Republican management
| of the government
In referring TO the elections four years
ago, Mr.. Reed said the people failed TO
| snow their usual common sense. He
critlclsed the Wilson bill, holding Demo-
cratic tariff legislation and bad ad-
| ministration responsible for much of the
nara nara times Said he: We never refer to
/ that as the crime of 1892"
He said the Democratic marty had
been incapable of running the business
OF the government because that party
~ controlled by men who are not busi-
liked to discuss the silver oues-
ton, for after a few years
more of study it seemed so trivial to
MN that ne wondered how people ever
TOOK such an Interest in it. But a nation
Is IKE an individula-it has a strong
imagination. 1t imagines something
terrible is the matter when the alleged
cause mas nothing to do with the case.
speaking OF the crime of '73. so often
prated about by silver men, he said if
any CRIME was committed it was by the
senators from Nevada and other silver
men. lie claimed that since the awful
crime the country had seen the greatest
prosperity but not greater than il would
nave In the future. We have had hard
times before. In 1887 there were hard
times and there had been no demonetiz-
alton. There were hard times in 1857
and there was no decentralization. Eng
land has also had hard times and disas-
ters. but the cause of them lay in human
nature. Lack of money. he maintained
had not caused hard times in this coun-
try. After prosperous times, suppose
the Democratic party or some other gets
possession Of the country ard commits
a crime like that of '92. Business stops
and hard times come. People stop To
take account OF stock Those who are
mortgaged do not have enough property
to pay their debts. Then comes a manic
AID as times gradually get better conf
dence returns. Speculation revives and
prosperity reigns. Soon some banker
calls in his loans. Others get suspicious
and then come hard times again. This
country Gid this several times and will
probably do so again. He said silver
men say Give us silver and hard times
VIII disappear" but they give us no rea-
eri-ra
say money does not make business: il
is business that makes money Business
is not dependent on gold or silver, but
upon confidence. AT present no one cor
rows; they have no stock in the future
The people took no stock in noisy green
hackers. but when the Republican par
ty said greenbacks should be as good as
gold the people said prosperity would
come and it did come.
Addressing the farmers, Mr.. Reed
said: The Chicago platform had offered
them a bride by promising them that
should its party be successful they
would only have to pay half their debts.
He ridiculed the statements of the sill
yer men, saying whoever sups with the
devil had better have a. long snnon. II
is better to be able to borrow than to re-
pudiate. By borrowing nation is en-
abled to save its life, sometimes, and so
with the farmers; by borrowing they
are enabled to save their farms and or
chards. 1t is folly to tamper with
credits.
In closing Mr.. Reed said the United
States had always maintained a gold
standard, and when bonds were paya-
BILE in gold, gold is meant. The national
debt is a debt of honor and must be
paid. Prosperity is only delayed by the
Chicago convention and the platform
which hangs like wet blanket over the
country. He said there is more anarchy,
clap-trap in the Chicago platform than
was ever put in white paper before He
appealed to the people to stand by the
honor Gnd prosperity Of the country by
supporting Mckinley, protection and
prosperity
Mr.. Reed was frequently greeted by
vociferous cheering during the delivery