New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1897-02-17
Mr.. Lind
Crates.
he Addresses the Silver Men of the State
at the Lincoln Banquet in
St. Paul. 5 s.
His Appearance Crested with The same
Enthusiasm that characterized his
Late Campaign.

The silver men of the state banqueted
at ST. Paul Friday evening and paid trib
ute to the memory Of Americas greatest
citizen Abraham Lincoln.
Attorney Hawthorne presided at the
meeting and in introducing the speaker
of the evening, Mr.. Lind, spoke of him
as the man whom he really believed had
been elected chief executive of the. state.
The Globe says: There was great
cheering when Mr.. Lind rose to his feet.
The cheer lasted for some time. Mr.
Lind's address was carefully write n
financial argument of the most intricate
propositions. Only i'll its closing pas
sages did the speaker attempt any sar-
casm or pleasantries. Mr.. Lind asserted
that Lincoln did not deign to certify
that prices were regulated entirely by,
the amount of money in circulation.
/ @"Nei.her do we," said the speaker;
"but we do assert that the volume Of,
money was one of the most valuable
means Of determining prices. We know
by observation that every improvement
in the use of steam power, every lnven-
ton calculated to secure more power,
does not lessen the amount of steam used,
but rather increases it in large proper
tions. The same application may be
made to the uses OF exchange in COM
merce. The increase Of steam power Gre
ates an added demand for steam, and it
is the same with money. Fifty years
ago the productive power of a man was
much less than it is now, and, with the
increase in power, there has come an in
crease in demand"
The speaker quoted tables showing
the per capita wealth of foreign nations.
He said that the American increase shows
that we need more money per capita
than any other nation, and that COM
parison with foreign nations could not
determine our present condition. Mr..
Lind cited the causes of the nations pro-
gress between 1880. and 1870, and said
production, exchange and consumpti on
brought prosperity. Capital and labor
dwelt in peace. There was plenty and
comfort. The young and energetic men
of the period capitalized their brains by
the use of credit. Credit, he said, had
been justified. The speaker recounted
the facts IN the history of finance, and
applying the lesson, said that in com.
munity where there was no business the
gold flag could not restore confidence.
.'sDefeat has not shaken our contiden ce, >
said Mr.. Lind. SIT has but taught us 8
lesson and disciplined us for the great
struggle before us. It shows what the
people in their might can do without
money, without skilled and dishoues1
Organization, without leadership anc
practically without press. It speaks
we'll for our future. We have heard nc
words, even from our enemies, but of the
good work done. We are practically
without a party, but our allegiance tt
our state and our country is made thu
stronger. The enemy has strinmphed fol
the once Their control of the govern
ment cannot be, and is not now, perm
anent. Whenever they shall show th'
| slightest evidence of being anxious o
doing something for the veal of the ma
ton, then will we cooperate and lent
our assistance. We should assist, ant
1 do nothing to frighten or annoy that il
lusive cherub called confidence !"
{. The speaker also took a shot at tn,
| banks. He said that "experienc'
teaches that man always tries to ge
something for nothingy and that wa
probably the reason the banks charged
interest on their own debts : referring Il
1 the instance of greenbacks. bli'
credit, said Mr.. Lind, "was not tn
function Of = private person or corpora
I, ton Nlr. Lind attacked the system Q
SLOWING the banks to reap the bench
(which should go iLto the national treas M
ury, and argued that foreign govern
ments received millions Of dollars 70
the same privileges, while the banks. 9
the United States PAID nothing 81
feared the inco coming secretary Of II
treasury was in. favor Of this policy
IL conclusloD Mr.. Lind said - hill
I've have no victories over which TO s 81
|. ult and no empty offices sto q, ve stil
Sfhsye our country to serve. Y mus q