The representative., 1900-10-11
"a Farmer It holeseH
i - - Ne 10 notb lonk
the I
- dealer.

such times the temporary though COM
pulsory acceptance by private individ-
uals of this government credit, in lieu
of the debtors obligation to pay, Is
one of the slightest forms in which
the necessary burdens Of society can
be sustained.
When the ordinary currency disap-
pears as it often does in times of war
when business begins to stagnate and
general bankruptcy is imminent, then
the government must have power at
the same time renovate it's own resource
es and to revive the dropping energies
of the nation by supplying it with a cir
culating medium. What that medium
shall be, what it's character and qualities
will depend upon the greatness of the
exigency and the degree of promptitude
which 1t demands. These are legislative
questions. The heart of the nation must
be aided to pay their debts and meet
their obligations. The debtor interest
of the country represents it's bone and
sinew, and must be encouraged to pursue
its avOcations. If relief were not afford
ed universal bankruptcy would ensue
and industry would be stopped and gov
ernment would be paralyzed in the
paralysis of the people. ."-12, Wallace.
464-465.
l should like to dwell longer on this
phase of the money question but time
will not permit.
INCREASE OF CURRENCY.
The Peoples party favors an increase
OF currency, of the issue of paper mon
ey. The Democratic party makes no
such demand in it's national platform,
and upon this proposition it stands with
the Republicans and against the Popu-
lists. The Democrats, some of them, at
least, would be found voting with the
Republicans against any such PROPOSE
tions. It is said that SO much paper
money would render it worthless and
bring upon us condition worse than
the present. reply that the most
prosperous period this century ever en-
joyed was when we had more than $50
per capita circulation and not a dollar
of coin in the treasury with which To.
redeem it. Hard times came only In
the process of withdrawing this money
from circulation and returning to specie
payments. 1t was during this period
of prosperity that the London (England)
Times paid very high tribute to our
currency. 1t said:
IF that mischievous financial policy
which had its origin in the North
American republic during the late war
in that country, should become indurat-
ed down to a fixture, then that govern
ment will furnish its money without
cost. It will pay off its debts and be
without debt. 1t will have all the
money necessary to carry on commerce.
1t will become prosperous beyond pre-
cedent in the history of the civilized
governments of the world. The brains
and the wealth of all countries will go
to North America. That will destroy
every monarchy on this globe Lon
don Times, 1865.
This is tribute to our currency By
one of it's bitter enemies.
THE SILVER QUESTION.
And now we come to that phase OF
the money qustion upon which it Is
said Populists and Democrats agree; are
as it were:
1.-TWO souls with but single thought,
Two hearts that beat as one"
refer, of course, to the free coinage
of silver, and l want to say that Popu-
lists are in favor of the free coinage
Of silver, and their members in congress
have all voted for it at all times, which
is more than the Democrats can say
Of their members Of congress. do not
believe that the Democratic party would
give US free silver II restored to power.
They had an opportunity to do SO ami
more than half their members of con-
gress voted against it. Nothing can be
gained by Populists supporting Demo-
\
should form an alliance with the DEM
ocratic party and in that way succeed
In passing a law for the free coinage Of
silver, the next move on the part of tho
Populist would be to supplement that
with the issue of q paper money, not
specifically In coin. but bot
toned on taxes and all the wealth of
the nation. Then what would happenf
We would find the free coinage of silver
Democrats and the gold bugs joining
hands to defeat any such measure. M,
my friends, the Democratic party has
,nly learned one lesson, and not learned
hat one very well. Let it go to school
l while longer.
DEMOCRATS FAVOR BONDS.
The Democrats advocate free silver
rs a money Of ultimate redemption-as
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