Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1897-08-21

these sllver-stsndard countries-in India.
10 China. in japan. in Mexico-snd all OF
them show the mos, startling evidences OF
prosperity ss compared with the pros,rs.
ton OF the gold standard countries.
AJAX. gentlemen, what ooontry will the
manufactured product Of the cheap labor
Of the silver-stsndsrd countries, made
doubly cheap by the depreciation Of silver,
first attack The country OF the highes,
wages. You are to-day erecting q tariff
wall around the United States for the Dur.
pose OF protecting us against the cheaper
European labor, whose countries are upon
q gold standard. What tariff wall can Won
erect short Of absolute e~xclusion-and that
lie. OF course. ACKNOWLEDGEMENTS the man.
ufactured products OF the cheap labor Of
the silver countries, made doubly cheap
BY the decline OF the gold price Of silver
For my part, l believe that the daily
wage rests at the foundation OF ell values
In this country. l believe that all values
Of all properties depend for value on the
maintenance OF the daily wage. II il the
daily wage that enters into every produc,
and property. Products and property
simply represent, stored labor. and when
you lower wages, you lower every
value, you lower the price OF every produc.
aud the price Of every class Of property in
the country, because other products and
other property can be produced or con.
struoted under the lower wage system na
great advantage and for q less price. Hence
stability Of values depends upon the main.
tensnce Of the daily wage.
Ii is for that reason that l am a protec-
ZIONIST. | realize the fact that the only
way to protect this country against the
competition OF the cheap labor OF Europe
is to place a tariff wall around the country
which will partially exclude that competi.
lion. That 10 how we secure protection
for the factory. But. l ask. how can you
secure protection for the factory II this bill
10 simply designed to protect US against
the labor Of European o ld-stAndard coun.
tries. when the production OF silver-stAnd.
ard countries is increasing at a prodigious
pace, and their competition ia being made
more and more elective day by day. As
the gold price OF silver declines?
TRUE PROTECTION.
What does true protection for this coun-
try mean 1t means that we should pro.
tect every section. every interest, every
class in IL that If there lie any danger
from the competition Of cheaper labor
and all must sdmi. two must protect
against the competitor Of the Orient rs well
as against the labor Of Europe We must
protect against the labor Of Mexico, the
labor OF Japan, and the labor Of India a.
wise you have what2 You have q reduc-
ton Of wages in this country to meet The
competitive rates OF other countries. You
have a reAdjustment Of all values and !
am sure that all OF us have had enough
experience during the past three years Of
the suffering aud distress that are brought
about by readjustments.
admit thai the world will 60 on under
INV - OAOA1t v - -
this process OF readjustmeDt that tears
the heart out OF the generation in which
the resdjustment 10 accomplished. What
we wish to do now In this country 10 TO
stay the fall OF prices. TO protect oil our
industries to protect the factory, to pro-
tect the plantation. TO protect the farm
10 protect the mine.
How can you accomplish 1t more readily
than by restoring silver TO its old parity
with gold7 By doing that You double the
labor cost OF the farm products Of the
silver countries I; you double the labor
coat Of the Manufactured products Of those
countries ; you p~aralyEe the competition
which has been 80 effective In the recent
past, 90 far as our farms and plantations
are concerned. and you paralyze the de-
struotive arm that 10 now being raised
against your manufacturing industries.
We hope 10 sse the wheat interests and
the mining interests. the cotton interests
and the manufacturing interests united
against the opponents OF bimetallism.
For recollect that i. is the dealers In money,
the dealers In products, and the carriers
OF products that have made q union
against the productive energies OF the
country. whether those productive ener.
sies are displayed In cotton and wool
manufactures in the New England and
Middle States. the iron and coal indus.
tries in Pennsylvania. and the cotton To-
dustriss Of ,he south, or In the minipgd
silver in the great West. and We may rest
assured that this country will in time
pursue 8 policy Of enlightened self'inssr-
est. Ii will realize ii 10 10 its interest asa
producer of over one.third Of the entire
silver Of the world, as the greatest debtor
nation OF the world, ss the greatest pro-
duoing nation in the world, to stop the
appreciation OF gold. to stop the increase
10 value OF every unit OF this four thou
sand millions In gold, whose present home
10 In three foreign countries. And Win
the rhanOa will cama hpnafcEnt results