The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-02-08

in gold which were bought at from GO
70 40 per cen discount in PAPER. and
which we have nevertheless already
agreed 10 pay in coin, l think Of what
Selden said:
Equity is a roguiSh thing. For law
We have a measure. Equity * according
To the conscience Of him that i chan
%celloT. and as that is larger or
50 i equity. T - all one rs if We should
make the standard for the measure we
call Il foot" a c~hanceIlor's foot: what
an uncertain measure would this be,
One chancellor has Il long foot. another
a short foot, Il third an Indifferent foot
/ is the same thing III the chancellor,
conscience
If we look at the practice of the Gov
eminent. which is the same through all
Administrations, our standard of value
Is the conscience OF the administrators.
If we look at the law. it is gold and
sllver-the same standard that we have
had since the mint WAS opened with re
SIcct to our public securities. not a
single one of which was ever issued on
any other.
II we look beyond the bonds them.
selves. and beyond the consideration
paid for them. to the values from which
their payment must he derived. we dis
Germ 10 equity for the b~ondholder to de-
mand gold. but we do discern that the
course of events has multiplied his
values and greatly diminished those OF
other persons.
Mr.. President. l shall not probing
this debate. In every Republic there
must of necessity be a party of the PEG
pie. In this country the Democracy Is
that nr+ II boS rno1n ,o,- ,,;-+, TO-
1t has suffered for them and it has cor
rected them. 1t has lone many great
and wise and noble deeds which more
than compensate for all its errors and
leave Il mighty balance of achievement
and Of hopeful promise to its credit.
1t has beer often defeated, but if
has never failed to come to time fresh
and vigorous on the renewal of con
filct; and now, approaching the centen-
NAL of its birth, it stands before the
country and the world as the greatest
historical organization for the defense
of popular rights and popular interests
and for the defense of the Constitution
and the laws that time has ever known.
Some of its old leaders have deserted it:
but better leaders have sprung into
their vacated places.
Some nave a~bandOne- its principles as
Well as its organization, and in peevisb
tones pip the inane cries of anarchy
that amuse the ears which are unannex-
ed to minds capable of digesting argu-
mcnt. But fresh recruits from other or
GanlZatiOnS have more than supplied
their absence; and they are recruits who
have clearer conviction of policies and
principles and are more tenacious of
conviction. Some, not many | hope.
lh1 va yin1Hn1 tn vuul oa, y hr;haS of those
pass; we cannot outbid their buyers.
Some have bent to hard necessity,
Wife and child, bread and cheese. and
kisses have bowed them to the orders
of taskmasters, who eXacted their man
hoou as the price of the wages that
keep the wolf from the door. For them.
alsa! Inferno yawns for the criminals
who have robbed them of their liberty.
but the recording angel still holds out
the reckoning hand to the unwilling
sinner and washes away the stain with
tears. Some have yielded not to plain
bargain and corruption nor to duress,
but to the atmospheric pressure of pat
ronage and wealth and social blandish-
ment. Some. otherwise strong and
great. have yielded in mere lassitude of
moral energy. even as Merlin, the sage,
to the willy Vivian.
MeanWhile, however, events argue
for our cause more significantly and
more eloquently than language. The
party of Jefferson and of Jackson, the
party that defends the Constitution and
the laws, increases its numbers, its
columns close up and press on, bearing
that standard of the stars to which it
has contributed SO many stars and to
every star some splendid beam.
- 4ona
with is %repudiated platform, its broker
pledges. its vanished hopes, recedes
from view into the mists of the past.
Meanwhile, too, 1900 comes on apace-
SLOWLY comes a hungry people like
4 lion drawing higher
One who slowly nod and winks be
hin a slowly diving fire"