The San Francisco call., 1896-11-03

supply and demand for the people of this
earth, which is that when there is an increase
OF the demand there will always be an increase
OF the supply, and that at lower price. That
is Gods law for the benefit of the average
human being. tGreat applause.[ The law of
supply and demand that these men know is
the speculator's law. lCheers.1
II the supply of silver increases on account
OF the demand, then silver goes down. That
is law that applies to silver as well as to fur
niture and men and everything else. ZAP
p.ause.l The bigger the demand the bigger
the supply and the lower the price.
Take steel rails, cssk of wire nails-take
mand-and wherever the supply can be fur
nished then the price goes down. Now. let me
illustrate that with silver; nothing less will
90; DO We @ bought in 1878 two n million dollars
mand Tor YOU lLaughter.l Why every four
months we bought and coined more silver
than we had coined for century of our ex-
istence. What is the effectf Did silver go up?
According 10 Mr.. Bryan's demand OF course
1t did. [Laughter.l Why, you know that IT
went down from per cent discount to so per
trouble to learn all the truth how much
trouble 1t would save usl [Great cheering.l
What is money? Now, am going to iell
is. [Laughterl Money is the instrument Of
exchange. 1t may be standard of deferred
payments Also but so far as business is con.
cerned it is the medium of exchange; and
am going to put proposition to you which
put to some of the farmers in this State, where
unlike some of the papers of the state, they
know the difference between hay rack and q
hayrake. lGreat laughter.1
If have a barn worth $4,000 and a man
gives me $4,000 in gold, have in my hand the
potenuallty OF $4,000 worth of anything, no
matter what 1t Is, that Is purchasable with
money. [Applause.l
Why, hire professor with money laugh
teri only / might waste the money in some
cases. lGreat laughter and applausel 1 could
hire Dewspaper-I do not mean on inls coast.
lUproarious laughter and yells of "Yes, you
could. "
In short as Carlyle says, s'If have sixpence
the whole world is my slave TO the extent of
sixpence, but the sole purpose of the sixpence
is TO convey something TO me from somebody
else when have made my choice" What is a
hayrake? For the benefit of certain persons L
will state. 1t is vehicle for the conveyanc ce
OF hay from one point TO another. Now, when
ever anybody has crop OF hay, thus far in the
history OF the world there have always been
found havrakes to move it, the necessary num-
Der in relation to the crop. Will any man say
that If you double the number of hayrakes you
VIII double the hay crop? Yet those men say
that II you double the transfer in money you
will double the business of the world.
The business OF the country can always take
care OF itself, and there is always money TO be
had whenever we want it. and when we don't
use to man who can't drive out cf doors to
have horses in his stable He would better
give the livery stable chance.
In 1879 we resumed specie payments, and as
our business went on we added $196 000, 900
of gold from the worlds stock because we
wanted 1t. And whenever we don't want it 1t
goes home somewhere else. Whenever we do
want it it comes here. We always want 1t
when the Republican party is in power and it
always goes to Europe when the other fellows
In power.
Don't you trouble yourself about money.
Money will always be where people want It,
and II won't go where people scare it out of the
country. In addition to that, instead of $4,000
In gold may have taken some thing else;
may have taken your note if ] believed in you.
may have taken the bankers note If be-
ieyed in him. There are thousands of things
which operate as mGuey. The whole capital
of the country is doing a brisk business and
when 1t is not doing brisk business you can I
use checks or any other kind OF money. Even
gold and silver are boarded, and to-day the
money OF this country is worth a high rate of
interest, Notwithstanding that $50, 900, 600 in
gold has come here within the last three
mouths, because those who have got that gold
are gc1ng TO keep 1t until they find out that if
they lend 1t they will get il all back.
The ate of California is the most magnif-
cent State in resour ces that there is in the
United States and am as willing TO say that
on the Atlantic Coast as in the presence OF this
Californian audience. 1t is because l believe
in the resources of California and because I
believe in the sensible opinion of the Cali
fornia people. What you need and have al
ways needed has been wealth to develop your
resources The people of New England, when
they first came to America, applied themselves
TO the hoe and the rake, but Cal;fornia's riches
the soil, and to your splendid mines of ali
kinds that you will discover as oon as you get
ca pital enough here to work them. 1t is fact
that the majority OF the whole United States
capital is needed 10 develop it, and you have
to have all the spare capital of the United
States and of the world.
That being the case how foolish YOU are 10
drive american capital into boarding places
and to keep foreign capital beyond the Allan
tic. Are you doing IT? Let me bring you down
to the test OF common-sense. Any man in this
crowd who has got 800, il there is such a man
here, want to ask him simple question.
If come 10 you and say 1 want TO borrow
the $loO, and, being an honest man, say to
you frankly that l am going to try my best to
pay you only $50 That is what these re-
formers are asking you to do. If you won't do
it, do you suppose that the man with $1,000 is
fool enough to do it2 II ne was, he must have
inherited that $1,000 and never earned it MIN
self
Do you suppose. that foreigners don't know
as much as you do? If you do you do them Al
injustice. They may not be able to invent a
monetary system, but they know enough to
keep money at home when they want it, But
II you say, 81 will pay you 500 for that $780,"
then they will lend 1t to you. Then California
will blossom from one end to the other like
the rose, but not at once.
This is too big country even for the wealth
OF the whole universe to-day, but as you go on
and develop your own wealth and increase
your own power you will again take dollars
out of the bowels OF the earth and continue
your march forward to glory and greatness.
Gentlemen, 1t is worth while to premise
what am going to say further, by the force
OF an honest acknowledgment
The Democrats, the upper part OF them. the
part which was the head while ago before
the party became headless-the upper portion
OF the Democratic party-are behaving with
great good sense AID remarkable patriotism.
Men who give advice to other men to leave
their party and rise above party have seldom
realized how difficult it is for men to do that.
1t is very easy for me to have another man
rise above his party, but it is very hard for
that man himself. Nevertheless, 2l 600
Democrats in the State of Maine rose above
their party, and a large part of them
rose SO high that they voted the Republican
ticket and helped give us more than Sc. 600
majority; which, in my judgment, was an in
dication of the sound sense of the whole
American people. i want also to make an
other suggestion, and that is thai there is a
vast difference between Democrats and Demoo-
racy and it's blessed difference too. Demo.
Gratis sometimes rise above their party;
Democracy never.
don't care to speak in praise of the Repub-
lican party; fortunately 1t needs no praise:
but do want to call your attention to re.
markable condition of history The Republi-
can party was in control in the United States
for thirty-two years, if 1 count the first fonr
years OF Mr.. Cleveland's administration as
Republican, because he was unable to do any-
thing Democratic during that period During
that time the machinery ran by virtue of the