Richmond daily palladium. [volume] (Richmond, Ind.) 1876-1904, 1900-10-27

surprising IL hear such stat..Ta.
feon ven. You must have thought IL
well over: you can. | know make
your thought and reasoning perfectly
clear Explain To ME how il will be
for the interest Of our people 10 90 in
TO this thing. and If can see il as you
do / will drop all objection and es
pouSe the cause at once" This was
his exclamation: W. have come TO a
time he said. when protective tar
iff no longer protects. Under the VII
son bill. which. though Democratic
measure. is still protective. our factor
les are Idle. labor is out of employ
ment and general business languishes-
The truth * we cannot compete In |
manufacturing with the older eoun-
tries. where labor IS cheap. Wages |
and salaries are TOO high here The
labor cost of what we manufacture is /
too great We must reduce the labor |
cost To undertake to reduce wages /
directly would simply breed strikes. |
loekouts disorder and riots: but can |
not you See" he continued. THAT il |
we adopt silver as standard money for |
our domestic use we WILL while nom |
inally paving the same wages. pay
them in kind of money which will he
obtained at a cost measured in fin
ished products. of not more than one
han the present cost in goldT' Yes"
| replied. Il see this clearly. Ii is
strictly true. but you said ii was for
the interests of the people Don't You
recognize the wage worker and the sal
aired man as the people, Your propo-
si.ion is proposition TO blindfold
their eyes while you pick their peck
cts. cannot agree TO your plan. Bet
ter strikes. iocllouts and riots than this
kind of Juggling and cheating through
| the medium of payment. If protection
will not protect (which time will
| showl. if cur labor cost be too high.
| if wages must. as you claim, be finally
| reduced the grind of competition Will
determine when and how much.
| Against such a result, reasonable and
| Just resistance should be offered. while
| Won would surrender the whole ques-
| ton at once without a struggle"
| Wages Reduced One Half
| Was the gentleman right? Would
| the free coinage of silver and the con-
| seauent adoption Of the silver standard
| in our domestic affairs have the effect
| predicted W Oulu Ii tue WdSt-
| Garner of onc-half his present reward?
| have no more doubt of the truth of
it than have doubt that grapes grow
grapes or that thistles grow thistles.
You can see it for yourself if you
| will really try. Give attention now.
1t is not difficult. 1t is simple. You
work for pay. In what are you paid:
You will say. In money" That is
true. but the money is only an inter
mediary to that i'll which you are real
ly paid. viz. things that YOU use and
: consume. The value of your work IS
measured finally by what your work
will procure -ou are paid two dol
AIRS per day. in gold or its equivalent.
) Two dollars will buy a sack of flour,
} 4 pair of shoes. or Il thousand pounds
If coal and so on. The value of Your
In or is therefore. equal to the value
) IF sack of -four. pair of shoes, a
: thousand pounds of coal. or what not.
. Now. among other things your labor
pay will buy is silver. With two dol
lars of the money in which you are
now paid you can buy 1.6O0 grains OF
I silver bullion. That quantity of silver
: bullion has its exchangeable value all
r over the world. In our market 1,6o.
grains of silver are equal in value to a
sack of -four. Il pair of shoes. or j
thousand bounds 9f .aoal. .IllR9 u 88ft1RlSi
M n r1iefr power to command those
4 things that minister to the comfort
and happiness of yourselves and your
families.
Let us now examine the free silver
proposition. 1t is simply this: Open
/ RI
| owners of silver to bring i'm 351L
grains of silver. stamp it one dollar
and give it back TO them. Clothe that
dollar with legal tender quality. so
that il may be lawfully used to paw
debts. That is all 1t is simple
, enough. isn't it? But we know that
one dollar of our present kind of
money-tlc money in which you are
paid Your salaries and your wages-is
worth. not :T1A grains. but more than
500 grains. Would you not rather
have the equivalent of 500 grains for
| your pay than the equivalent of BIN
| grains?
And vet. il You consent to the free
| silver programme. if Bryan and his
| Democratic-Po pulistic- Silveristic sup
| porters come into power. that pro-
| gramme will be adopted and you in
| evitably get your pay in the new dol
| lars containing 3.14 grains of fine sill
| YER Before you vote for this sort nf
| business be wise enough to get n stipu-
| lation from your employers that you
| shall then he paid, as you are now
| paid. in something equivalent to 500
grains Of 81 yer If You do not do So
rou will ger the equivalent of only
311A grains for eye~y dollar paid you.
Can You afford ii:
But ,,ley VIII tell you tat these new
dollars. continuing 371A grains. will
be as valuable then as $40 grains are
now 1ney win tell you that "A dollar
is dollar. and that free coinage VIII
bring the value of the bullion up TO rs
coinage value. So that then 3711.
grains will he worth dollar. That is
true i'll one sense. but ii is not true in
essence ar IN fact. Three hundred
and seventy-one and one-fcurth grains
in silver bullion viii be indeed worth
one of the new silver dollars. because
with that number of grains you can
get one Of the new dollars. and one of
the new dollars will be worth 311L
grains of silver. because there are
1oot "'i14 sidAis III IT, out tIe question
the question in which you are inter-
ested-is this: What will be the value
of that dollar when paid to me ia
wages. compared with the dollar in
which l am now paid? You know th.
value of your present dollars. Are
you prepared to guarantee TO your
selves and to your families thar these
new proposed dollars will be of equal
or even of approximate value: No.
gentlemsn H. you cannot afford to do so.
Take the risk of such an empty chance