The Washington herald., 1907-12-17

/ Tillman again brought down the house
with the announcement: Here is another
/ specimen. This time it is yellow, and
/ it is not a gold certificate. either"
Wants No Local Currency.
/ He continued:
/ Local currency, I find some people
who are very anxious to get local cur
rency. There are n large number Of peo-
pie in the South. and. ! suppose. some
/ few elsewhere, who would Ike 10 have
/ a repeal of the 10 per cent tax on State
banks, so thay they could have cur
rency that would not fly far away from
/ home. / do not want it. Greenbacks are
1 good enough for me, because have be
come habituated 20 taking a dollar that
\ is printed in green. When / get II in
Texas / can spend il in Maine. and no.
I body ever questions its validity and its
worth as a dollar. Having become ac-
customed to that. l think the American
people viii be long time getting ready
/ TO consent TO have this asset currency,
for which some people are clamoring. or
to put up very long with this kind Of
stuff (exhibiting). these shin plasters;
but we must have something with which
to do business.
Il do not know how il Is with the rest
of you, but my mail brings me every day
from North, South, East, and West this
mans. that mans. and the other mans
scheme tor currency reform. l cannot
read them all. 1 hardly read the en-
{ velopes. After / oren one end. and see
il IS some one who thinks he knows all
about finance, l put it aside, for l am
not the Finance Committee. and would
have no influence IL / were and am not
supposed TO know anything about finance;
but l know what old John Randolph said
over there when discussing a financial
measure once away back in the panic Of
1857. believe II was-sn that thin, squeaky
voice of his. which made him famous
along with his vitriolic utterances and the
brilliancy of rs mind, rose up and said:
Mr.. Speaker, I have discovered the phi
losopher's stone. 1t consists Of four
words: Pay as you go" Now these fell
lows in New York do not pay as they
go. They want US always to pay as we
60 but they will not pay as they so.
Turn on Light, He Advises.
why does not the President turn on
the light and turn on the handcurs, too,
when he finds a fellow stealing some
body else's money? So much the better.
in his view, apparently, to denounce all
these infamies of predatory wealth. go
over the country making speeches which
destroy the confidence OF the masses and
make them suspicious. make them un-
willing to embark their money in enter
prises; talk about the villainies of this
railroad magnate and that, Of this bank
er and that do not happen to find that
a solitary one Of them has ever been put
in prison. So the machinery OF our
courts is very lame and impOtent or the
administration is very imperfect. for
there is something wrong somewhere. All
l know is that the people of this country.
l believe, want the Congress of the
United States to do something-not fool
ish. not silly, not hastily but they ex-
pect us here 10 display such a grasp of
the conditions of the country, aud to give
such relief as they have a right to de-
mand"
Summarizing the bond issue as saw II.
Mr.. Tillman said:
-'Interest-bearing securities were sent 70
New York on a pretended sale, 80 Der. cent
Of the proceeds Of their sale to be de-
posted in the same banks which bought
the notes; the taxpayers TO pay the inter
est on the notes. and the borrowers of the
banks TO pay the interest on the so per
cent whenever they borrow. That is high
finance. l will not say Republican finance.
but that is what the country has come TO
under Republican management"