1
T.nn
The Candidate's Speeoli at Madi
son Square Garden,
Mr. Chairman, gentlemen of the com
mittee nml follow citizens : I shnll, nt n
future day nml In 11 formal lottor, accept
tho nomlnntion which In now tendered by
tho notification commltteo, and I shall nt
thnt tlmo totxeh upon tho Issues presented
liy tho platform. It Is fitting, however,
thnt at this tlmo. In the preonco of those
here nsaomliled, I speak nt mo length In
regard to tlio campaign i" in which wo
tiro now onterlnff. Wo Ho not under
estimate tho forces nrrnyod ngninst us,
nor nro wo unmindful of tho importance
of tho striiRglo in which wu aro ctignifod,
but rol.vliiK for righteousness of our nutse
wo shnll dofend with all possible vigor tho
positions taken by our party. Wo aro not
surprised that somo of our opponents. In
the absence of butter argument, resort to
nbuslvo epithets, but th"y may rest fissured
that no language, however violent, no
lnvoctlves, however vuhemont, will lead
us to depart a single hair's breadth from
tha course marked out by tho national
convention. The citizen, either publlo or
private who ussuils tho character and
questions tho patriotism of tho delogntcs
ssmbled in tho Chicago convention,
assails the character and questions tho
patriotism of tho millions who have ar
rayed themselves under tho banner there
raised.
It has boon charged by mon standing
high in thoso political circles that our
platform Is a mennco to private security
and publlo safety, nnd It has beon assertod
that those whom I have tho honor, for tho
time being, to reprosont, not only mod'
ltate nn attack upon tho rights of prop
erty, but nro tho foos of social order and
national honor.
Thoso who stand upon tho Chicago plat
form are prepared to mako known and to
defend every motion which influences
them, every purpose which animates thorn.
nnd every hopo which inspires them. They
understand tho genius of our institutions,
they aro staunch supporters of tho form of
government under which wo live and they
build their faith upon foundations laid by
others. Andrew Jackson has stated, with
admirable clearness nnd with an emphasis
which cannot bo surpassed, both the duty
and sphere of government. Ho said: "Dis
tinctions in society will always exist un
der every government. Equality of tal
ents, of education or of wealth cannot bo
produced by human institutions. In tho
full enjoyment of the gifts of Hoavon nnd
the fruits of suporlor industry, oconomy
and vlrtuo overy man Is equally entitled
to protection by law."
Wo Yield to None.
We yield to nono in our dovotion to tho
doctrlno just enunciated. Our campaign
has not for Its object tho reconstruction
of society. Wo cannot lnsuro to tho
vicious tho fruits of a virtuous life; wo
would not Invade tho homo of tho provi
dent In order to supply tho wnnts of tho
spendthrift ; wo do not proposo to trans
fur tho rewards of industry to tho lap of
indolence Property is and will remain
tho stimulus to ondoavor and tho compen
sation for toll. Wo believe, as assorted In
tho Declaration of Independence, that nil
men are created oqual; but that does not
mean that all men are or can bo oqual in
-possessions, in ability or In merit; It sim
ply means that all shall stand equal be
fore tho law, and that government ofllclnls
shall not, In making, construing or on-
forcing tho law, discriminate betweon clfr
izens.
I assert that property rights, as well as
the rights of persons, aro safo In tho hands
of tho common pooplo. Abraham Lin.
coin, In his message to congress In Decern
ber, 1801, said: "No men living aro more
worthy to bo trusted than thoso who toll
up from poverty; nono less inclined to
tako or touch which they have not hon
estly earned." I ropoat his lauguago with
unqualified approval, and join with him
in tho warning which he added, namely:
"Let them uewaro of surrendering a po
litical power which thoy nlready possess,
nnd which power, If surrendered, will
surely bo used to closo tho doors of ad
vancement against such as they, and to fix
now disabilities nnd burdens upon them,
till nil of tho liberty shall bo lost."
We nro not surprised to find arrayed
against us thoso who nro tho boneflclarlos
of government favoritism they have rend
our platform. Nor aro wo surprised to
learn that wo must In this campaign face
the hostility of thoso who find apocunlary
advantage in advocating tho doctrlno of
iion-luterfcrenco whon gro.it azgregatlons
of wealth uro trespassing upon tho rights
of Individuals. Wo wolcomo such oppo
sition it is tho highest indorsomont which
could bo bostowod upon us. Wo are con
tent to havo tho co-operation of thoso who
dosiro to hnvo tho government admlnis
tcred without fear or favor. It Is not tho
wish of tho gouoral publlo that trusts
should spring Into uxistenco and override
tho weaker members of sooloty; it is not
the wish of tho general publlo that theso
trusts should destroy competition and
then collect such tax ns they will from
those who are at their mercy, nor Is It tho
fault of tho goncrul public that tho in
strumentalities of government havo been
eo often prostituted to purpososof private
pain.
-Government Should Avoid Wrong: Doing.
Thoso who stand upon tho Chicago plat
form believe that tho government should
not only avoid wrong doing, but that it
should prevent wrong doing, and thoy bo-
Hove thut tho law should bo enforced alike
against nil cuemle. of tho publlo weal.
Thoy do not oxcuso petit larceny, but they
declare that grand larceny Is oqually u
rime they do not defend the occupation
of tho high wiiymun wno tods tno unsu s
poctlng traveler, but they lncludo nmong
the transgressors thoso who, through the
more polite and loss hazardous means of
legislation, appropriate to their own uso
tho proceeds of tho toil of others. The com
mandment, "Thou shult not steal," thun
alored from Slnul and roltorated in tho leg
islation of all nations, Is no respecter of
persons. It must bo applied to the great
as well as tho small, to tho strong ns won
ns the weak, to the corporate person
created by law as well us to tho porson of
llosh mid blood created by tho Almighty.
No govorumont U worthy of tho uamo
which is not ublo to protect from ovory arm
uplifted for his Injury tho humblest citi
zen who lives beneath tho flag. It follows
as a necessary conclusion thnt vicious leg
islation must bo remedied by tho pooplo
who suffer from tho olfects of such legis
lation, and not by thoso who onjoy its
benefits.
Tho Chicago platform has beon con
demned by some because it dissents from
an opinion rendered by the supremo court
doolarlng the income tax law unconstitu
. tlonal. Our critics even go so far as to
upply tho uamo of anarchist to those who
stand upon that platj; of tho platform.
It smut t remembered thnt wc oxpressly
r - nr-n,1- the binding force of that decls-l-iii
' bin t as It stands a! a Dart of tho
law .. !;.! land, Inure Is ill the platform
no suwutlon of an attempt to dispute
tho authority of the supreme court. The
Jierty is simply pledged to uso "all tho
constitutional p'jwer which remain after
that decl-lon. or which may come from Its
reversal by tho court as it may heroaftur
bo comtltuted." Is there any disloyalty
hi that pledge?
The Income Tax Lnn,
For n hundred years tho supremo rourt
of the United Stntos has sin'tfllnoil tho
principle which undorllos the Income tax.
Some twenty years ago this snmo court
sustilned without a dissenting volco an
Incomo tax law almost identical with tho
ono recently overthrown. Has not n fu
ture court s much right to return to tho
Judicial i rocodonts of a contury ns tho
present court had to depart from thorn?
When courts nllow rohoarlngs thoy admit
thnt error Is possible Tho late decision
ngnlnst tho incomo tnx was rondorcd by a
majority of ono nftor a rehearing. While
the money question overshadows nil other
questions in importance, I deslro It dis
tinctly understood that I shall offer no
apology for tho Incomo tax plank of the
Chicago platform.
Tho Inst Income tnx law sought to ap
portion tho burdens of tho government
more equitably nmong thoso who enjoy
tho protection of tho government. At pres
ent tho oxponsos of tho federal government,
collected through luternal roveuuo taxes
and import dutlos, nro especially burden
some upon tho poorer classes of society. A
law which collectsfrom somo citizens more
than their share of tho taxes and collects
from other citizens less than their share is
simply nn indirect moans of transferring
ono man's property to another innn's
pocket, nnd whllo the process may bo quite
satisfactory to tho mon who oscapo Just
taxation it can nevor bo satisfactory to
thoso who nro ovorburdenod. Tho last in
como tax law. with Its oxeniptlon provis
ions, whon considered In connection with
other methods of taxation in force, wcro
not unjust to tho posossors of lnrgo in
comes, hocnuso thoy were not compelled to
pay a total federal tax greater than tholr
share
Tho Incomo tax Is not new, nor Is it
based upon hostility to them. Tho system
is employed In somo of tho most impor
tant nations of Europe, nnd overy lucomo
tax law now upon tho statute books in
any land, so far as I havo beon able to as
certain, contains an oxcmptlon clause
Whilo the collection of an incomo tax in
other countries does not make it nccossnry
for this nation to adopt tho system, yet it
ought to moderate tho languago of those
who donounco tho Incomo tax as an as
sault upon the well to do.
Not only shnll I rofuo to apologize for
the ndvocacy of an lucomo tax law by the
national convention, but I shall nlso re-
fuso to apologize for tho excrclso by It of
the right to dissent from a decision of tho
supremo court. In a government like
ours every publlo ofllclnl Is a public ser
vant, whothcr ho holds ofllco by election
or by appointment, whother ho serves for
a term of years or during good behavior.
and tho peoplo have n right to crlticlzo his
official acts.
l'nrniiioliut QneKtlon of the Campaign.
Now let mo ask you to consider tho para
mount nuostlnn of this campaign the
money question. It Is scarcely nocessary
to defend tho principles of bimetallism,
No national party during tho entire history
of tho United States has over declared
against It, and no party In this campaign
has hnd tho temerity to opposo It. Throe
partlos tho Democrats, Populist and Sll
vor parties havo not only doelarcd for
bimetallism, but havo outlined tho specific
legislation necessary to rostoro silver to It:
ancient position by tho side of gold. The
Republican platform expressly declares
that bimetallism Is desirable when it
pledges tho Republican party to aid In
securing it as soon as tho assistance of cer
tain foreign nations can bo obtained.
Tho gold standard has been weighed In
tho balance nnd found wanting. Take
from it tho powerful support of tho money
owning and tho nionoy changing classes
nnd It cannot stand for ono day In any na
tion in tho world. It was fastened upon
tho United States without discussion bo
foro the peoplo, and its friends havo novor
yet beon willing to risk a verdict before
tho voters upon that Issuo.
If our opponents aro in fact desirous of
securing bimetallism wo may expect thorn
to point out tho ovlls of a gold standard
nnd defond bimetallism as a system. If,
on tho other hand, they are bonding their
energies toward tho' permnnont establish
ment of u gold standard under cover of a
declaration in .favor of international bi
metallism I nin justified in suggesting
that honest money cannot bo expected at
tho hands of thoso who deal dishonostly
with tho Amorlcan peoplo.
What Is tho tost of honesty in money?
It must cortalnly bo found in tho pur
chasing power of tho dollar. An absolutely
honest dollar would not vary In its
general purchasing powor; It would bo
absolutely stable when measured by a
voyngo price. A dollar which Increases
In purchasing power Is just as dishonest
as n dollar which docroases in purchasing
power. Professor Laughlln, now of tho
University of Chicago, and ono of tho
highest gold standard authorities, in his
work on bimetallism not only ndmlts that
gold doos not remain absolutely stable In
valuo, but expressly assorts "that there Is
no such thing ns a standard of value for
future payments, cither In gold or silver,
which remains absolutely invariable."
Cuune of Dualncaa, Depresalou.
Prior to 1873, whon thoru wore ouough
opon mints to permit all tho gold and sli
ver available for coluago to find ontranco
into tho world's volume of standard
monoy, tho Unltod Statos might have
maintained a gold standard with loss in
jury to tho pooplo of this country; but
now, when each stop toward a universal
gold standard enhances tho purchasing
powor of gold, doprossos prlcos und trans
fers to the pockets of tho creditor class an
unearned Increment, tho Influence of this
grunt nation must not bo thrown upon
the side of gold unless wo nro prepared to
accept tho natural and legitimate conso
quencos of such nn act. Any legislation
which lessons tho world's stock of stand-
nrd monoy Increases tho oxchungablo
valuo of tho dollnr; therefore, tho orusndo
against silver must Inevitably rnlso tho
purchasing power of monoy and lowor tho
mouoy value of all other forms of proporty.
Our opponents sometimes admit that it
was a mistake to demonetize silver, but
Insist that wo should submit to present
conditions rathor than return to the hi
motallio system. Thoy err in supposing
that we havo reached tho ond of evil re
sults of a gold standard; wo havo not
reached tho end. The injury is a continu
ing ono, and no person can say bow long
the world is to suffor from tho attempt to
make gold tho only standard money. The
siino influences which are now operating
to destroy silver in tho United Statos will,
if successful hero, bo turned against other
sllvor using countries, nml each now con
vort to tho gold ftanilnrd will add to tho
ft moral distress. So long as tho scramble
for gold continues pi-lees must fall, and a
general fall In prlres Is but another dofl
nl'lon of hard tlluos.
Our oppononts, whllo claiming ontlro
dlslnterostodnoss for themselves havo ap
pealed to tho selfishness of nearly evory
class of nocloty. Itecognlzlng the disposi
tion of tho Individual voter to consider
tho effectof any proposed legislation upon
himself, wo prcseut to. the American peo
plo tho financial policy outlined in tho
Chicago platform, believing that it will
result in the grcatost good to tho greatest
numlior.
The farmers aro opposed to tho gold
standard booauso they have felt its. effects.
hllice tlieysell nt wholesale ami liny nt re
tail they have lost more than thoy havo
gained by falling prlcos, nndbesldos this,
thoy hnvo found that certain fixed ohnrgos
have not fallen at nil. Taxes havo not
been perceptibly decreased, although It re
quires more of farm products now than
lortuorlj- to secure tho money with whloli
to pay taxos. Debts hnvo not fallen. The
fannor who owod $1,000 Is still compelled
to pay 31,000, althounh it may bo twlco as
difficult as formerly to obtain tho dollar
with which to pay tho debt. Hallroail
rates havo not been reduced to keep pace
with falling prlcos, aild besides thoso Items
thoro nro many more. Tho farmer has
thus found complaint ugalnst thu gold
standard.
The Wage Earners Injured
Tho wago oarnors havo been Injured by
a gold standard, and hnvo oxprcssed thorn
solves upon tho subjoct with groat ompha
eta. In Fobrunry, 1805, a petition asking
for the Immodlato restoration of the frco
and unlimited rolnngo of gold nnd silver
nt 10 to 1 was signed by tho representatives
of all, or nearly nil, tho loading labor or
ganizations and prosonted to congress,
Wage earners know that whllo n gold
standard raises the purchasing powor pi
the dollar it olso makes it more difficult to
obtain possession of tho dollar; they know
that employment Is loss permanent, lost
of work more probable nnd reemployment
loss certain.
A gold standard oncourages tho hoard
lng of monoy, because money is rising. It
also discourages onterprlso nnd paralyzes
Industry. On tho other band, tlio restora
tion of bimetallism will dlscourago hoard
ing, because, when prices aro steady or ris
ing, niot-c emnot afford to lie Idle in the
bank vaults. Tho farmers mid wage earn
ers together constitute a considerable ma
jority of tho ,Coplo of tho country. Why
should tholr Interests bo ignored In con
sidering financial legislation? A mone
tary system which Is pocuniarlly advautu
goons to a fow syndicates has far loss to
commend it than a system which would
give hopo nnd encouragement to those who
create tho nation s wealth.
Our opponents have mndo a special ap
peal to thoso who hold flro and llfo insur
ance policies, but thoso policy holder!
know that sinco tho total premiums vo-
colved exceed tho total lossos paid, a risint.
standard must boot moro benefit to the
companies than to tho policy holders.
Much solicitude has been expressed by
our opponents for tho depositors in sav
ings banks. Thoy constantly parnilo be
foro those depositors tho advantages of a
gold standard. Hut thoso appeals will be
in vain, because savlng.s bank depositors
know thnt under a gold standard there Is
increasing duugcr that thoy will lose tholi
deposits liecauso of tho inability of the
banks to collect their ussets, mul thoy still
further know that, If tho gold standard Is
to continue Indefinitely, thoy may lie com
pelled to withdraw their deposits In ordei
to pay living expensos.
it 'Is iiot'Atnmge lhat "choso who have
mado a profit by furnishing gold to the
government in tho hour of its extremity,
favor a financial policy which will keep
the government di.-endont upon them. I
believe, however, that I speak the sontl
ment of tho vast majority of tho peoplo of
tho United Statos when I say that a wise
llnancial policy administered In behalf of
all tho people would mako our government
Independent of any combination of finan
ciers, foreign or domestic.
It must nlso bo remembered that it Is
tho deslro of pooplo generally to convert
their earnings Into real or personal prop
erty. Tfils being true, In considering any
temporary advantage which may come
from a system undor which tho dollar
Uses In Its purchasing power, It must not
bo forgotten that tha dollar cannot buy
more than formerly, unless property sells
lor less than formerly. Hcnco, it will be
ncen that a largo portion of thoso who
may find some pecuniary advantage In n
gold standard will discover that their
losses oxecod their gains.
ilencflclarlea of the Gold Stnnilnril.
Let mo say a word, now, in ig-rnnl to
certain persons who nro pecuniarily bene
fited by a gold standard, nnd who favor
It, not from a desire to trespass upon tho
rights of othors, but because the circum
stances which surround them blii.l them
to tho effect of tho gold standard upon
othors. I shall ask you to consider tho
langungo of two gontlomon whoso long
publio sorvlco and high standing In tho
party to which they belong will protect
thorn fromadvorse criticism by our oppo
nents. In 18011 Senator Sherman said :
"Tho contraction of tho currency Is a far
more distressing operation than senators
suppose Our own and other nations have
gone through that operation before. It is
not posslblo to tako that voyage without
tho sorest distress. Every iiersou except n
capitalist out of debt, or a salarlod ofllcer,
or annuitant, It Is a period of loss, danger,
lassitude of trade full of wngos, suspen
sion of enterprise, bankruptcy nnd dis
aster. It meims ruin to nil dealers whoso
dobts aro twlco tholr business capital,
though one-third loss than their actual
property. It moans the fall of all agricul
tural produotlon without nny groat re
duction of taxos. What prudent man
would dure to build a house, a railroad, n
factory or a barn with this certain fact
bcroro hliu?
Illnlno Oppneutl the Gold Standard,
Mr. Itlalno discussed tho same principle
In connection with the demonetization ot
silver. Speaking in tho house of represen
tatives on tho 7th of Fobrunry, 1878, he
said : "I bcllovo tho struggle now going on
in this country and qthor countrlos forn
single gold standard would, If successful,
produce widespread disaster lu and
throughout tho commercial world. The
destruction of silver as money, and the
establishing of gold as tho solo unit of
valuo, must havo a ruinous effect on all
forms of proporty, except thoso Invested
which yield a fixed return In money. Those
would bo enormously enhnncod In value,
and would gain a disproportionate and
unfair advantage over ovory other species
of uroncttv."
If, as it constantly Is assorted, tho gold
standard will onable us to borrow mora
monoy from abroad, I reply- thnt tho res
toration of bimetallism will restore the
parity botweon monoy and property, and
thus permit nn era of prosperity which
will enable tho American pooplo to bpcome
lounccs of mopey Instead of perpetual bor
rowers. r,vcn u wo uoslro to norrow, now
long can we continue borrowing under i
system which, by lowering tho value of
projierty. weakens the foundation upon
which credit rests?
Not n New llxperllnent.
Wo arc not asking that a newoxperl
mont lw tried ; wo are insisting upon a re
turn to a financial policy approved by tho
oxpcrleneo of history nnd supported by all
the prominent statesmen of our nation
from the days of our first president down
to 1873. When wo ask that our mints lie
opened to tho free and unlimited coinage
of silver Into full logal tender money we
are simply asking that tho same mint
privileges bo nccordud to silver lhat nre
now accorded to gold. When wo ask that
this colnago bo nt tho ratio of 10 to 1 we
simply ask that our gold coins and tho
standard sliver dollar which, lw It re
membered, contains the samo amount of
pure silver as tho first silver dollar coined
at our mints retain their present weight
und tlnnness
It Is constantly assumed by some that
tho United Statos notes, commonly called
greenbacks, and tho treasury note.i, Issued
under tho act of 1890, are rosponslblo foi
the rcccntdraln upon tho gold reserve but
this assumption Is entirely without foun
dation. Secretary Carllslo appeared 1k
fore tho house commltteo on appropria
tions on Jan. 21, 1803, and I quote from
tho printed report of his testimony before
the commltteo : Said Secretary Carllslo :
A Quotation from Carlisle,
"Tho policy of resorvlng to tho govern
ment, nt tho beginning of resumption,
tho option ot redeomlng In gold or silver
all its papor presented, I bcllovo would
havo worked boncflclnlly, and thoro would
have boon no trouble growing out of It,
but tho secretaries of tho treasury from
tho beginning of resumption hnvo pur.
sued a policy of redeomlng In gold or sib
vor. nt the option of tho holder of the pa
per, anil If uuy secretary had afterwards
nttompted to change that policy and forco
silver upon n mnn who wanted gold, or
gold upon a man who wanted sllvor, and
especially if ho had made that attempt at
such a critical porlod as wo havo had lu
tho last two years, my Judgment Is It
would havo been very disastrous."
I do not agree with tho secretary that it
was wiso to follow a bad precedent, but
from his answor it will bo seen thnt tho
fault does not He with the greenbacks and
treasury notes, but rather with tho execu
tive otllcers who havo seen lit to surrender
a right which should havo boon oxcrclsod
for tho protection of tho interests of tho
peoplo. This excoutlvo action has already
been mado tho excuse for tho lssuo of more
than 5So0,lJ00,0U0 in bonds, nnd it Is impos
sible to ostlmato tho amount of bonds
which may hereafter bo Issued if this pol'
icy is continued.
Thoro is an actual necessity for bimetal
lism, as well as a thuorotical defeuso of it.
During the last twunty-threo years legis
lation has bean creating uu additional de
mand for gold, and this has resulted lu in
creasing tho purchasing powor of each
uunoti of gold. The restoration of bimetal
lism in tho United States will tako awny
from gold just so much of its purchasing
powor ns was addod to It by tho demoneti
zation of silver by tho United States. Tho
sllvor dollnr Is now hold up to the gold
dolltvr by legal tender laws, anil not byre
domption In gold, beeaiiKO tho standard
sllvor dollars aro nut now rudoumablo In
gold cither in law or by ndmlnistratlvo
policy.
Wo contend that froo and unlimited
colnngo by tlio United States alone will
raise the bullion value of silver to Its
colnago value, nnd thus mako silver bul
lion worth $1.29 per ounco lu gold through
out tho world. This proposition is in
keeping with natural laws, not in defiance
of thorn. Tho host known law of com
merce Is In tho law of supply anil demand.
Wo recognlzo this law and build our argu
ments upon It. AVo npply this lnw to
money when wo say thnt a reduction In
tho volunio of money will ralFo tho pur
chasing power of tho dollar. Wo ulsoapply
the law of supply nnd demand to silver
when wo say that a new demand for silver
created by law will raise tho price of sil
ver bullion.
The Mine Owner Ilugahon.
International blmctalllsts cannot com
plain that frco colnago gives a iwneflt to
the mlno owner, bocauso International bi
metallism gives to tho owner of silver all
tho advantages offered by independent bi
metallism at tho samo ratio. Interna
tional blmotalllsts cannot nccuso the ad
vocates of free sllvor of being "Iliilliun
owners who deslro to ralso tho valu" ul
their value," or "Debtors who desi,-,- t,
pay their dobts in cheap dollars," or
"Demagogues who deslro to curry fauiv
with tho poople" They must rest their
opposition upon ono ground only, namely
That tho supply of silver available for
coluago Is too largo to bo utillzod by tho
United States.
In discussing this quostion wo must con
sider tho capacity of our peoplo to uso sll
vor nnd the quantity of silver which can
como to our mints. It must be remom
bored that wo Uvo in a country only par
tially developed, and that our pooplo far
surjiass nny equal number of pooplo in the
World in their power to consume and pro
duce Our extensive railroad development
and enormous Internal commerce must
nlso bo taken Into consideration. Now,
how much silver can como hero? Not tho
coined silver of tho world, becuuso almost
all of it is more valuablo at this time lu
other lauds than It will bo at our mints
under frco coinage If our mints nro
opoucd to froo and unlimited colnago at
tho present ratio, foreign silver cannot
como hero bocauso tho labor applied to It
has tuudo it worth more in tho form of
merchandise than it will bo worth nt our
mints,
No Fear of a Silver (Hot.
If, for nny reason, tho supply of gold or
stiver in the future over exceeds tho re
quirements ot tho arts and tho nuuds of
commerce wo confidently hopo that tho
intelligence of tlio people will be sufficient
to devise and enact any legislation necos
snry for the protection of tho public. It
is folly to rofuso to tho pooplo tho money
which thoy now nood for fear they may
hereafter hnvo moro than thoy need. I am
firmly convinced that by opening our
mints to tree and unlimited coinage at
tho present ratio wo can create a demand
for silver which will keep the price of sil
ver bullion at 1.29 per ounco, measured
"jy gold.
fernapa 'tno most iierslstent misrepre
sentation that wo have to meet is tho
chnrgo that wo aro advocating tho pay
ments of debts in 60-cont dollars. At tho
present tlmo, nnd under present laws, a
sliver dollnr, whon molted, loses nearly
half Its value, but that will not be truo
when wo again establish a mint price fur
silver and leave no surplus sllvor upon tho
market to drug down tho price of bullion.
Under bimetallism silver bullion will bo
worth us much ns silver colu, and wo be
lieve that a sllvor dollar will bo worth as
much as a gold dollar.
Tho charge ot repudiation comes with
poor graco from thoso who are seeking to
add to the welslit of existing debts by
legislation Wnicn muKes money nearer,
nnd who conceal their designs against tho
general welfare under the euphonious pre
tense that tliry are upholding public credit
and national honor.
fluid rninilio Iniiirnlinlilp.
In answer to tho charge that gold will
go abroad, it must lie remeniliered thnt
no gold can leave tills country until tho
owner of tho gold receives something In
return for it which ho would rather hove.
In other words, whon gold leaves the
country thoio who formerly owned It will
Ixj benefited. There Is no process by which
wo can bo compolled to part with our gold
agulnst our will, nor Is there any procoss
by which silver can bo forced upon us with
out our consont. Exchanges aro matters
of agreement, aud if silver comes to this
country under frco colnago It will be at
tho invitation of some quo In this country
who will give something in oxchiiugo for it.
Those who deny the ability of tho United
Statos to mulntaln tho parity botweon
gold and silver ut the present logal ratio
without foreign aid point to Mexico aud
assert that tho opening of our mints wilt
reduco us to a sllvor basis and ratso gold
to a premium. It is no reflection upon
our sister republlo to remind our peoplo
that the United States Is much greater
than Mexico in area, in population aud In
commercial strength. It Is absurd to
assort that tho United States Is not ublo
to do anything which Mexico has failed to
accomplish. Tho ono thing necessary In
order to maintain tho parity Is to furnish
n demand groat enough to utlllzo nil tho
sllvor that will como to tho mints. That
Moxlco has fatlod to do this Is no proof
tlint the Unltod Statos would also fall. !
lf,as"lt Is assortod by our opponents, that
tho frco colnago of sllvor is lntonded orlv
for tho benefit of tho mlno owner, it muse
be remombcrcd that froo colnago cannot
rostoro to tho mlno owners nny moro than
demonetization took uwny. And it must
nlso be remembered that tho loss which
tho demonetization of silver hns brought
to the mine owners Is Insignificant com
pared to tho loss which this policy has
brought to the rest of tho pooplo. Tho
restoration of silver will bring to tho peo
plo genorally many timos as much advan
tage as the mlno owners can obtain from
it Whilo it is not tho purposo of free
colnago to especially aid any particular
class, yet thoso who bcllovo that tho res
toration of silver is ncoded by tho wholo
people should not be deterred because an
incidental bcnotlt will como to the mlno
OW11PX
'Cfll&o Again (Juoted.
In 1878 Mr. Carllslo said: "Mankind
will bo fortunate If tho annual production
of gold and silver colu shall konp pace
with tho annual InCrcaso of population
and Industry." I repeat this assertion.
All of tho gold nnd silver annually avail
able for coinage, when converted Into coin
nt tho present ratio, will not, In my judg
ment, more than supply our monetary
needs.
In Mipportlng the net of lSo, known as
thu Sherman act, Senat-i- Sherman on
Julv5of that yunrsnhl: "Under the lnw '
of February, lo"3, tho puri b is.- of ." J.i-'ii),-'
000 worth of silver bullion a month has by
coinage produced annually an avorage of I
nearly M.OOO.OOO per month for a period of I
twelvo years, but thin amount, In view of (
tho retirement of the bank notes, will nut
increaso our currency la proportion to out''
increasing ppnulation." ,
We shall not otfoud other nations when '
wo declare tho right of tho American poo
plo to govern themselves, und. without let
or hindrance from without, decide upon
every question presented for their con
siderut'o:' In t-.vklu;- 'h'-. position, wo
simply ni.ii' t tin the d r ntvof seventy
million citizens who are second to none in
tholr cauacUvfor solfgovernnient.
Tribute to N'cw Vork'n Oreatnesn.
This great city Is built upon tho com
morco of tho nation, and must sulTer if
that commerce Is Impaired. You cannot
noil unless tho pooplo havo money with
which to buy, nnd they cannot obtain tho
mouoy with which to buy unloss they are
able to soil their products at remunerative
prices. Production of wealth goes before
exchange of wealth' thoso who create
must s-ecuro n profit before thoy havo any
thing to share with others. You cannot
afford to join thu money changers In sup
porting a llnancial policy which, by de
stroying the purchasing powor of the pro
ducts of toil, must tend to discourage the
creation of wealth.
I ask, I oxpoet your co-opcr.itlon. It Is
truo thut a fow of your llnanclors would
fashion a now flgure-n figure represent-
lng Culumbla, hor hands bound fast with
fottors of gold and her faco turned towurd
tho eust appealing for asslstnnco to thoso
who Uvo beyond tho sea but this figure
can never express your ldoa of this nation. ,
You will rather turn for inspiration to
the heroio statue which guards tho on- ,
trance to your city u statue us patrlotlo
in conception as it Is colossal In propor
tions. It was tho gracious gift of n sister
republic, and stands upon a pedosta'.
which was built by tho Amorlcan people.
That figure Liberty Knllghtcning tho
World Is emblomatlcof tho mission of our
nation among tho nations of tho earth.
With a government which dcrivos its
powor3 from tho consont of tho governed,
secures to all tho pooplo freedom of con
science, freedom of thought nnd freedom
of speech, guarantees equal rights to all
and promlsos special privllogcs to none,
tho Unltod Statos should bu uu example
In all that is good and the loading spirit
In ovory movement which has for Its ob
ject tho uplifting ot tho human race.
llucklen's Arnica Halve.
Tlio test salvo in tho world for cuts,
hruisos, sores, ulcers, salt rheum, fever seres,
tetter, chapped bunds, chilblains, corns, nnd
nil skin eruptions, nnd positively cures piles,
or 110 imy required. It is guaranteed to give
Iierfect satisfaction or niony refunded. Price
85 cents per box. For sale bv A. Wasloy.
Coming llvent,
August 13. Ice cream festival under tho
auspices of tho Welsh llaptist Sunday school
lu Itobbius' opera house.
Aug. II. Ico cream festival in Itobbius'
opom bouse, under tho auspices of tho East
Kud T on nt; Auiorlains.
August 15. First annual picnic of the
Defender lloso Cimiauy Ho. 3, at CulmubU
park.
Aug. 22. Ico cream festival under the
auspices of Shenandoah Valley Council No.
530, Jr, O. U, A. M., In liobblns' opera liouo.
August 20. lawn jiarty nt residence of
Dr. C. St. Ilonlner, 31 KastOak street, benefit
of All Saints church,
lteaolt In 1 wocjs.
For sale hy P. P, D.
KANSAS
BABY
CITY
or
By Us
iminnfr
GDTICURA
ECZEMA
REMEDIES
Our Imby mlirn ihrT wprV obi wan tiadljraf-
ii itn-w ini t,i r-iM.i, hit in m, mine, inr, mil up.
nml nearly cu-rv Joint In l,cr Uidy was raw ami
liWrtllttff wliWi wi' cncluiii'l (o try Cl'THTKA
Kemf.mea. We Ixynn with CrTtcritA (oint
ment) ami Ci'Ttn iu fiOAt irnl vtler the
appUcailon m coulit w a chunr. Aflfr wo ltt
UBttl them ono week mine of tin1 wn liatl HMt-d
entirely, nnd cranil to fprcml. In lct thou n
month, fM w as fret from walr nml tilrTnlshr, ami
to-itay Iiob a lovely fkln in! Lwlr at any clilUl,
bhe was shown at tlw Oratiitu Knlr, anil to k n
itrcmliim at the prcttlp't lmbv, over Flxtri OM'prii
Mu.AMu l'AHK,fJ!Mlcl'wAw.KrirK ly.
bold Ttiywhtre, Pottib UrCo ft Cuts com , Uoctcu.
General and Nervous Debility.
Weakniws of Body anil
Mind, Ktfects of firrore
or Kxcesees in Obi or
Young. Robust, Nohlo
Manhood fully Restored.
How to Enlarge nnd
Strengthen Weak, Un-
ra'ievciopcu roriions oi
Hotly. Absolutely un-
0 folllnr.TTnn-ift'rrrtntmrttlt
il )l Iidncfits In a dav.
mm fjO Stales nnd Forelcn
imntrlaq. Rein! for Deserinmo lloik. ex
planation and proofs, mailed (sealcdSlreo.
ERIE MEDICAL CO., Buffalo, N.Y.
I Ifilchritcr' lCnctUh Diamond Urnni.
rENNYROYAL F5LLS
Orlirlnnl ami Ontv Gpniflnc-
BATE, ftlwkrt reltftb!. LAitcn jK
I UrtiftRht for rhUhrtert ;'n-, i.t M
Smomi Bran i la IEel an.l I. fii ninlllcVj
7bow I. i. ilM with blurt rlblwn TaLe x
nnmnBminmnnrrrmTTng
81,000 OH!
3 Ennninii!iiiniiiiilll!lllllll!imnillUUlllllllllll
One TIi mis nml Dollars In cash 19
Vy ollercd by tho Thumpsou IMpMha
29 ri'i duo Co, f'r tho uso of tho
5
wiumiiiflpoiT, xiupuui vr uny
charitivbto lnatUuttfm elsewhere,
tor any cuso of Diphtheria which
J Thompson's
5
Doesn't cure If propoily applied.
Tho only ( ci iitnvis aru thut tho
pattern, uiiuii uhutn thu lest Is
lliudu liilHt In- ullvt- and tint on tho
verge of deuiti caused liy lhe ui-e ot
antl-toxlne or soitin other o culled
remetlv Inu company making
this olt'er mint ho niiiillcd when
tho use nf Iih Medlclno In such cuo
Is begun, so thut a repii'scntutlvo
can be present und pereonullv see
thut thlBioniedyis applied In strict
accordance with tho pilnted In
structions givcu.
any riesisteiea Pligslclan!
Is cordlallv invltod to apply this
Medicine strictly us per Instruc
tions glvvii. This ctlcr shows too
Implicit faith tho Company has
9 In tho Medicine It manufactures
Wk and tho Infallible remedy It is for
a nil cuics of Dlphthcrlu, Croup,
. Quinsy, or uny throat nllectlon.
jIJ Ask ynur dealer for it and keep
y nno or morn bottles handy In tho
house at all 1 lines Thousands
upon thouand of lives saved uu
X nually by this Medicine.
MNNUIIOTUHID BV THE
Tfiompson Dlptimeila Cute Co.
WILLIAMSPORT, PA.
Sold by Druggists Everywhere.
5
siiillliliiillilllilliilliniilllllllliiiiiniiiiiiiiiiiiinifa
, J c " "... nnv, 3jL
S PRICli 50 GTSi H BOTTLE IT
piiiiiiiiiiiiiiiiiiiiiiiiiuuiuiuiiiilliuuiiiiuiuiiiiiia
Kor ale ut Kirlin's drug store.
DR. LOBB'S BOOK FREE
To Ml BUtr r or KltrtOHS OK VOUTIf.
MM11 Ymi.it und mKA.ij5 OI' WEIf
AMI t'OMi:. 8 pu?t-u: ctoili tiuuDdi a
jurvly nojui,' - ul CLJiUpdw. Trc. tajfiilhy m&U
tftrirtly o irtut'itfal, ni n pot lu- Ulc! cur
riuitran i matter how n; btundDafc I
will po iv. iv cure you, Wrltt or ca4.
OR r$qR 329fl.l5!liSf.Phl!a,Pa.
m, mm. Side cntranco on Green SL
PHILADELPHIA. CUKE GUARANTEED.
LUl.M-lo l-H.c-rii;;',HU yenr.icntl
vur llit.pltn! Kxiii-rlriHH) In Ivrmuiijr
STRICTURE, DLOOD POIUON.X
GCNCRAL DEBILITY, LOST VISOH,
tf-CXCESSES AND ALL OTHER
' EFFECTS OF YOUTHFUL
frFOLLY OF BOTH SCXESA-
lcrin0iiriillr curf-,1 fitter CTcrj ono 1-L tin fdlU1.!.
10SI MAtiHtlOO AND SIIDUNlfH MC7.K R (STOKES.
H. ml live 2-. -.'lit 6tatiipsrnr liKiVTrudi, The only
Mir itflju u tiii-1. r-w m liMtlinntilne
Tor YtaJi und Run-Down People frcm
GhiMhiiHl to Old Atje.
T IS ! 1 . r'-h..tof ll rttt're
i it tuiu- 4 It Mlno sjbUi-.-a
it id nrmia thit arr- tlbinlg: m
mvitiy Elulilabv .Uaeaaii, lu.tla-aathNo,
I' lXMt ., O
to tho I
uivu .e ,
what tr norm n maicinn n- i.ii
n-iroaulr.L'i ,'iinit llu alMiitlntt perl, t-t, it cre4
o J tl. mui lor.,l atreuulL, Tha nerraa bo
rn Itti'ls j-trmiK, t'i' brain lootr. ,t.re auJ
eiwar. r..rrbturiiiv lost .1? Alltrau,l ht.mr.utf all
waatmr Irj.tia a-nl uohIoifm jiirrtlwravi, it baa
tin-ie . at,. la,. ''HiiiartKQlstir!t iur.rth ita
y a-' t K .1 i llt.,.,oUttaMvrt,u. !YU-e5v.,or
uti.ic if i Oru. nihtaurlij mail. It.iol. iree.
TH DR. CHASE COKPAMV,
i-.L" ""l a'httadeU'hla.
Wanted-An Idea
Protect your Idea, they may Itrlng you wealth.
Write JOHN WEDPEltUUHN ft CO.. Patent Attor-
ceyi. wain inn tun, jj. r.,ror tneir i,hjo pruo Oder
auU lUt ot two hundred iuvAnttOD wauled.
RESTORE
LOST YIGOR
THE PRIZE
Cared ofC I
IIMmirinir s
f..n tnvflfv f
no oilier. Btftmt Janqtrvtu- tvhn'u.i v
3r Mnrt Ast rarl'tculirt, "t. n tmroUl nt
13 "Itrllrf for l.R11i,H"(r br return
U Moll. 100001 - nof.inU .V.iwih J'aptr.
BloodffEerveFood
Wbe la doulit what to uiy for Ntrroua IVUUty, Lnw of Stiual P-owat (la elftu-r
Kit, loipotaiK ir, Atrophy, Varicocele aa l oUr elkjea. from aa ta., live
Seiiaeftlla. llrilnt choked and fuU us .r iuickly re.tc.ted. It nrclecicd, such
ltout.lt remit btally. Mailed .ny.hctt. Kale I, fortiet o boaea tut is jxi. With
t',;7,H.iff. r V1.'! a-wintr-e w lata ot tetrad tti. taoiiv,. AtUicta
KIKLIN, Shenandoah. Pa.
1