The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1896-09-19

eCy man WHO UIUuuC0S COuuVulIACo W SOA1
because the higher price is greater re-
ward for labor and greater temptation to
invest capital Then capital employs labor
ard that makes steady work and happy
times. But the falling prices close factO-
ries and fills the streets with idle men. We
advocate free silver not so much for rise
in price as to stop the fall. All authorities
admit that gold has appreciated. Mr..
Goschen Of England, ex-chancellor OF the
exchequer, says there is no end to the rise
OF gold, which means no end to the fall OF
prices and five are not at. the bottom now
how will you feel, laborer, when you strike
it? A man is free to dig in the bowels OF
the earth for silver and he can have no in
te1est in the rise of gold unless he deals in
precious ounces already slowed away. Ii
by mistake we coin a little more silver than
is needed to prevent the fall of prices only
the bondholders, the idle holders OF idle
capital would shed a tear.
Mr.. Leathers tells us the merchants are
gold men and why not follow them. Shall
the blind lead the blind, or shall we exer-
majesty OF manhood and the independence
of the, American sovereign? And to
whom are we indebted for this independ-
tlCc ~ WIN WC1C .CllC AO1uC4o W 'SAA| ~AAA@%A
lean people in 1875? Not the merchants
nor the attorneys. They were the Tories
of the Revolution. The merchants were
never patriots. They were the ever-cring-
ing slaves of the British power in the co..
onies and today they stand meekly seeking
the direction Of the banker who holds their
obligations and pities their cowardice.
They were. always cringipg towards when
he tN tho rn4inofv NT
ard because Wendell Phillips dared to as
sert it in Faneuil hall, the cradle OF Amer
lean liberty, he was mobbed by the mer-
chants of Boston. The attorneys of the
New York bar who had sympathized and
aided the Tory cause were disbarred and
when the disbarment was over few remain
ed to plead cause"
There was another .Outbulst OF cheering
when DR.. Cleary concluded.
+ Later on in the debate gentleman on
the gold side defended the lawyers and
merchants. He said Alexander Har1il-
ton and Thomas Jefferson were lawyers,
and there were more lawyers than doc
tors in the constitutional convention. He
defended the gold standard.
DR.. Cleary said the question about the
merchant had not been introduced : by
him. Another gentleman had bidden the
sworkingman follow the merchant, and he
had replied by citing the facts Of history.
He declared Alexander Hamilton was not
lawyer. during the revolution, but a
beard1ess soldier. He declared the Mext-
can dollar had not declined in purchasing
power and that free coinage would estab-
lish the proper relation between money
and commodities, Germany was on sill
yer basis when she whipped France, and
birnetallism in Europe was stopped, not
because it was a failure, but because the
gold dpower demanded 1t. ~
ssMr. Cantillon denied that the value Of
money depended on the volume. [ ren1em-
Der, he said, when you would take bas-
ket full to market and come back with
three carrots. He declared increased pro-
duction responsible for the rise in silver
and said the silver barons voted to de-
monetize silver in '73. He also said they
sold their bullion to the government in
1890 for silver certificates and then
waItzed up and had those silver Ger
tificates redeemed In gold.
A gentleman inquired whether Mckin-
ley had not voted for the free coinage bill
in 1873. Mr. Cantfllon didn't know, but
thought that whatever he did was con-
scientious. -- ~--'
DR.. Cleary answered Mr.. Cantillon by
showing that the production Of gold had
increased one-half and silver only one
third in recent years. He supposed every
child in Dubuque knew better than to say
that the government paid for silver bull
lion with silver certificates or to suppose
that silver certificates were redeemable in
gold.
The silver men shouted for Bryan, and
the crowd went home, the gold standard
orators declaring that the silver men had
treated them unfairly by ringing in a
'Crackerjack' when they thought they
were going to have an easy time.