The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1900-09-29

N~IRMH Femme
the table and you pay the nddier The,
say 70 you. my friendA. IL You Wanl
20 know anything about shooting 4 horn.
you 20 70 a bIacksmith--to horse.
hhoer: II you want 10 know ANYTIME
about law you 80 70 lawyer. and u
en-. therefore, II you want Il know any,
thing about money you must no 10 =
tanker. That does not follow by any
means Suppose man should say "a
me that II want 20 know anvthIne
about the geology OF a horse-shoe !
must ask the man who shoes horses.
Wen. the banker who counta none,
ana discounts notes Qaughter1 has
from that very fact alone no more rirht
" opportunity to know about The
science OF money than the blacksmith
VINO handles Iron has. from that fart
asoHt, any chance to know anythlns.
aDout geology The only way TO know
ahything about the science OF money
70 STUDY II, and the blacksmith, can
stuoy u and know more about Il tf.au
.ns banker who doesn't II the barrier
uoes STUDY II he Ii apt 10 study II from
ms standpoint; whereas the Importance
OF money TO society Is such that II
ought TO be studied from the nro-
Queer standpoint. The banker aavs -.
want money Of the greatest purchaaInp
power What does that mean Il,
means dollar that II win take the
most OF your wheat to buy. 81 ~
scarce dollar Is dollar that caIla eoy
good many things in exchange: th,f
Is good dollar for the banker but 4
poor dollar for the producer. tAp-
plause.)
MY friends. find the hour IL grow-
ing late. and shall not be able 10 EAR.
~ through this discussion even in the
rather hap-hazard way In which
nave started IT. (criss of Ego on" $50
on. In my judgment this is the great
est campaign this country has ever
raced. Applause) II you will bear
WIN me. ! viii give you Just birds
field. A''e
We are told the silver ouest,or rs
settled- Who settled It Voice in aud
fence: Mark HANNAH Tanghter,
no, my friend is little BIT In error
Mark Hanna settled his frfend,s de,f.
but he never settled the silver Question
IL Is said that in addition to this re-
turn OF prosperity. the silver ouea.ton
mas been settled by a big balance In
trade. Now. my friends, while I have
not time to discuss II at length tonIph,
want to leave a word or two with Won
on this so-called favorable balance a.
trade. In the Republican platform
lne statement Is made that under the
Republican administration there has
oeen so-called favorable" balance
OF trade Of over fourteen hundred mill
mons OF dollars. which ought to be. bv
tne corrected figures down TO the esa
OF June, our fiscal year. something ne
sixteen hundred millions OF dollars. 10
mat the situation Is either that n,-h
worse or that much better as the ease
may be. than the Republican platform
stated It About sixteen hundred y,tl-
Lon dollars more OF wealth has gone
out of the country than has come into
H. on the face OF their figures AMI
they think that means prosperity
Think of it The exports exceeded tfe
Imports by sixteen hundred millions NJ
dollars What do you think OF that
II man spends in a year sixteen hun-
dred million dollars more than he takes
IN, Is that sign that he is sixteen
hundred million dollars richer or Door
err Now you must not be mistaken bx
the specfous analogy between the mi
waite mans debit and credit account
and the national exports and imports
The exports are what other nations Get
rom u.s. We reckon them In dollars.
they are really for the most part 50
many bales OF cotton. so many sides
OF Deer. SO many shoulders OF ham. SO
many bushels OF wheat, and 50 on.
Mhat We get from other nations Is sim.
Harry diversified. Now then. according
70 the statement OF the bureau AZ
Washington. we have sent to other ma
lions EfEfpaFa
worth OF things under the Mckinley
administration. in excess OF what has
come in. That much more property has
gone out of the United States than has
come into it, by these figures. Can
anybody say that that has contributed
to the wealth of the United States TO
the extent OF sixteen hundred million
dollars? But somebody tells me we
nave got gold for IL. Mckinley has had
the audacity to say that In one of his
state papers But we have not The
net imports of our gold are only about
one hundred and thirty millions. as I
remember II, in the last three years.
Where is the balances oh" somebody
says, gone to pay debts" No, Re-
cause when the Mckinley administra-
ton came in. and for the period from
the beginning of the government TIL
then. there was a similar balance OF
more than one billion and a half. lfI
remember correctly about eighteen
hundred millions; so that the net bal
ance was the same way at the time he
came in, and there has not been a dIficit
therefore to pay. How can You account
for it? / am not now advancing any
theory from our side. Ny friends. the
most l am now concerned In showing
is that the whole proposition is elusive
and deceptive. Let me illustrate ii to
you: Here Is boat with cargo worth
one million dollars. 1t stars out OF
the country: your statistician sets
down here; Exports. one million dol
lars. She goes out of the count.S.
meets with storm. sinks and goes to
the bottom Of the ocean. The Repub-
iican theory says: Exports one mil
lion. imports nothing. Q.auEhter.) In
crease to the wealth OF the country, one
million dollars" The exports are sunk
at the bottom OF the sea and make us a
million dollars richer. Take this case:
ship starts out with a Cargo
worth a million dollars; goes or to the
islands OF the sea: trades successfully,
and gets two millions OF dollars In
goods and comes hack. When Il went
out the statistician said: Exports. one
million. When II came back the sta
tistician wrote. export one mil
lion, imports two millions" What
is the result? Why. they sent out one
million: got back two million. Exports
one million. imports two million. Says
statisticlan; I'VE have lost
a million dollars" Everybody knows
we have gained million dollars.
I.aughter1
Another illustration: The adverse
balance against Great Britain. that II.