Daily capital journal. (Salem, Or.) 1896-1899, 1898-03-08
AMERICAN BIMErALLIsM.
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IL did not suit the ruling interests o
Great Britain, the creditors OF th'
world, the gold brokers of the world
the men vino have that empire abso-
lutely within their clutches; 1t die
not suit them that monetary sys.
tenn should be Cotton rid OF That ex
lists for their benefit, as II was esta0
lished for their benefit. and thaI Il
taking away, night and day, year aftel
year, the substance OF the prOducer'
of the world, in order that tile owner:
of the debts that are payable 10 gOlC
may get fat upon the increment LhaI
tine producer does not deserve 10 lose
and that they have 10 right 10 gain
(Applause.)
AUTOMATIC WEALTH MAKER.
There is 10 secret in EnRlano why
the gOld standard is there preferred
not az all. Iuey do not only admit,
but they aYOV, that the purpose is u
seltisn Interest auu advantage OF thelI
own. Sir William Vernon HarcOurt,
GladstOne's chancellor OF the EX-
cheQuer, in a speech ia Tue ParIla-
menJ vi EugldUd O8 tile l1In OF
March, Ioy6-as Gladstone mad done
three years before declared, with tne
utmost caudOi, that Jne Objection
that Engiaud had ~ the gold stand
ard-Or rather ~ an attempt TO get
rid OF the gOid sJandafd-lay IN Ihe
fact thaJ IL would destroy The Office
of a money measure LnaJ was con-
stantly increasing, as reckoned IN
the products OF other NltIons, 10
make the creditors Of Great Britain
rlch by an auJOuatic process.
He SAID tudJ treat Britain was a
consuming Nation; LuaU Great Britain
was credlLUr Nation; that people pay
Great Britain what Jhcs owe her IN
their PRODUCTS; That, therefore, IL
would not he 10 the III OeIesG OF Great
Britain " permit pay men W Oe made
in products upon money system CndI
should cause products 10 DrinR hlghei
prices than Jney do under the gOlu
standard; which means, my friends,
that that great people, or at any raLt
the money powers that haYe control OF
that great people, recognize that Eng
land, being consumer Nation, being
unable To grow or make what she
needs TO eat and wear, being a cred
itor people, having some ten billions
OF dollars, as is estimated, OF debts
owingsto her by tue debtor Nations
OF the world, and having TO buy com
modities, In the one case, or as a cred
itor, to offset against them a certain
amount OF the credit that Is due upon
these blIgations-needs money
system that shall supply a monetary
unit constantly getting bigger as
reckoned in the products In which
these other Nations make their pay
ments. la other words, Great BriCian
wants to get as much OF our goods and
commodities for as little of her money
as possible, whereas we ought TO
want TO get as much of her money for
as little Of our products as possible.
(Cheers.)
And yet, my friends, we allow this
Nation OF Great Britain, which has
thus, confessedly, selfish interest and
advantage In the matter, TO determine
which shall be the monetary unit
that shall measure the price OF our
own products and the limit or our OBJ
ligatlOn to her.
A SHAMEFUL BETRAYAL.
There has never been seen In all MIS-
tory, upon the part OF a self-respecL-
ing Nation, sucn an exhibition OF not
only neglect OF her own 'ntrests, but
shameful betrayal OF the highest duty
OF patriotism, as has been exhibited
Wy btlt kICdb pNOPiS ~ 10
islatlng upon the money question at
the dictation OF Great Britain, rather
than In behalf OF her own interest.
(Applause.)
And, my friends, as a man that was
born into the Republican party, that
used To cherish, and still does cherish
It's early history as among the most
glorious memorials of human kind;
who rejoices that Abraham Lincoln
and James q. Blaine lived and graced
with their magnificent public services
the history OF this country lapplauseh
and were presented to that high
service 10y the party to which he be-
longed--it was To me humiliation
beyond power to describe, that l saw a
National Convention of that party
that had sprung into existance In the
United States In answer TO the call
for champion Of human liberty
a generation ago; that had pre-
served the threatened integrity of
this country and kept the flag OF It's
glory flying In the sky-should be the
first convention in the history OF the
world To me IL together and solemnly
declare that the greatest Nation on
the footstoOl had not the power To
govern itself. applause