The River Falls times. [volume] (River Falls, Pierce County, Wis.) 1894-1933, 1898-08-30

sumo of Democratic Principles
Minnesota's leaders of Democracy to the
number of 157 gathered last evening at
the Ryan around the banquet table 10
tender their respects to Senator James
K. Jones of Arkansas, chairman OF the
national Democratic committee, ana
The programme included list of speak
ers, with T. y. O. Bren of ST. Paul, state
national committeeman, as postmaster,
comprised of l.. A. RoSing of Cannon
Falls, chairman of the state central com
mittee; A. T. Ankeny of Minneapolis;
Patrick Fitzpatrick of Winona; John Il.
ToWnley of St. Paul, chairman of the
Ramsey county committee; James Gray
of Minneapolis Democratic candidate for
mayor of that city; Editor G. W. Stanton
of Appleton; Congressman Charles a.
ToWne of Duluth and Senator Jones OF
Arkansas.
1.-THE Health of William Jennings Bry-
an was the to lst to which Senator Jones
responded.
81 am profoundly grateful to you, fell
low Democrats of Minnesota, for the cor
dial welcome that you have extended TO
me- Senator Jones said "but l feel that
it is not due to me personally, but be-
cause of the fact that as chairman of the
national Democratic committee in 1886
[ had control of the Democratic campaign
and did what in my humble power |
could to bring forth the best results for
all the people of this great and glorious
nation. There are two great parties in
this country. One offers to the people
equal and exact rights and justice with
special privileges to none. This is its
motto The other has as its watchword
the sentiment that special privileges
should be extended to a favored few who
should reap the reward of toiling masses.
VIII t0d
by Jefferson on the one hand and Hamil-
ton on the other. They are now known
as the Republican and Democratic par
ties.
Fortunes beyond the dreams Of avarice
have grown up for the favored few during
the forty years that the Republican party
has been in control and the toiling masses
have poured millions into their hands.
What is the cause of all this? We need
but to look back over the history of our
country to find it. The one condition
which has brought distress to the homes
of the poor has been that one specter-
falling prices. When a man has sown
his crop he has reaped it worth less than
it was when he planted it. Falling prices
are recognized as distributing wealth in
favor of the few against the masses.
Rising prices distribute wealth to the
masses as against the classes. This great
truth is not denied by our best economists
the world over. When commodities are
plentiful the price goes down; when they
are scarce the price goes up.
but there is one thing which will ex-
plain the general falling of prices, and
that is the volume of money. We have
had falling prices since 1873 till now be-
cause the volume of money has decreased.
1t is our idea to increase the volume of
money, to restore silver to it's natural
basis. To illustrate my point, l read
in an English paper that prices in Eng
land fell 10 per cent in twelve months,
due to the calling in of silver coin IN
India. Now, here is the point, taken from
the Bible parable of the worthy and the
unworthy disciple. One man, we will say,
has 81 900, which he invests in real estate.
He is the worthy disciple. Another has
$1,000, which he wraps in a napkin and
buries. At the end of a year, under
present conditions, the man that has
bought real estate finds that his property
has deprecated in value 10 per cent, and
that for his original investment he can
now only secure 5000. The man who has
buried his 1000 the unworthy disciple,
digs up his 81, 900 and has all of it intact
and can buy 10 per cent more with his
money than he could when he consigned
it to the ground. This is his reward, in
these later, degenerate days, for having
proved himself an unworthy servant. He
is a wicked man in the face of his God.
"But suppose he had placed his original
burying it. EIe amply secures himself
with mortga ages. ETC., and at the end of
the year he gets back his principal and in
terest He gets back his per cent in
terest, yes, and 10 per cent added to it
for the increase in the value of his money
That is why, during falling prices. men
seek bonds and to invest their money
securely and, if they cannot get bonds,
bury it. This accounts for the bond is
sues of the Republican party, taking
every opportunity to issue these bCG DIS,
and while falling prices continue is sad
ding the people of the country with debt.
man who would write a worthless
check for $25 is a forger, but man who
helps to keep up falling prices and in
crease the value of money, SO that 500
will be worth to him 1925, is great fl
nancier and any one who protests against
this practice is an anarchist and a silver
fanatic.
when the Civil war closed this coun-
try was 81, coo, O00, 900 in debt. We have
since that time paid the interest and re-
duced the principal one-half and yet
measured by any product of our farms
by wheat, cotton, corn, or whatever you
may choose, it will take twice as much
now to pay this Indebtedness as it would
at the time the debt was contracted
This condition is made possible by the
unjust, corrupt actions of unequal and
unjust laws, created by corrupt legisla-
lures.
Greater Than Washington and Lin
coin.
I'm 1896 there met in Chicago a body of
men, the members of which will go down
in history as the grandest men this ma
ton ever knew That body of men elected
a leader, whose picture adorns this hall
tonight William Jennings Bryan
(cheers) to stop this evil, and proposed a
change by increasing the volume of
money. The Republicans in their conven-
ton at ST. Louis did not dare to say that
we Were not RIGHT but rrnnnsad to hriran