Evening Star Newspaper, September 3, 1896, Page 11

THE EVENING STAR, THURSDAY, SEPTEMBER 8; 1896~TWELVE PAGES, 11 THE BATTLE OF THE STANDARDS Champions Tilt in the Tourney for Gold and for Silver. Warning Words of Daniel Webster The Recent Speech of Henry E. Davis Provokes Dis- enssion—An Interest- ing Symposium. A correspondent sends to The Star ex- tracts from the speeches of Daniel Webster, which he thinks are applicable to the pres- ent time, inasmuch as the correspondent declares that Mr. Bryan “In his advocacy of the assaults upon syndicates is array- ing classes against classes.” Continuing, he quotes Mr Webster, whose words are as follows: r, I see in these vehicles which carry to the people sentiments from high places, plain declarations that the present con- troversy is but a strife between one part of the community and another. I hear it boasted as the unfailing security, the solid ground, never to be shaken, on which re- cent measures rest, that the poor naturally hate the rica. I know that, under the cov- er of the roofs of the Capitol, within the lest twenty-four hours, among men sent here to devise means for the public safety and the public good, it has been vaunted forth, as matter of boast and triumph, that one cause existed powerful enough to sup- port everything and to defend everything; and that was, the natural hatred of the poor to the rich. “Sir, I pronounce the author of such sen- timent: to be guilty of attempting a de- testable fraud on the community; a double fraud; a fracd which is to cheat men out of their property and out of the earnings of their labor, by first cheating them out of their understandings. ‘The natural hatred of the poor to the it shall not be till the last mo- my existence—it shall be only Sir, of ment when I am drawn to the verge of oblivion, when I shall cease to have respect or af- fection for anything on earth—ihat I will believe the peopie of the United States capable of being effectually deluded, ca- joled ard driven about in herds by such abominable frauds as tis. If they shall sink to that point, if they so far cease to be men, 2s to yield to such pretenses and such clamor, they will be slaves already; slaves to their own passions, slaves to the fraud and knavery of pretended friends. They will deserve to be blotted out of all the records of freedom; they ought not to dis- honor the cause of self-government by at- tempting any longer to exercise it; they ought to keep their unworthy hands en tirely off from the cause of republican lib- erty, e capable of being the vic- tums of $ shallow, of tricks so stale, » threadbare, so often practiced, so Muca worn out, on serfs and slaves. natural hatred of the poor against “fhe danger of a moneyed ari “A power 13 great and dangerous sted by the revolution!” “A call ieclaration of independence!’ Sir, nish the people against the object of like these. I admonish every tn- laborer in the country to be on 1 against such delusions. I tell tempt is to play off his passions interests, and to prevail on ame of liberty, to destroy all of liberty; in the name of patriot- ure and afflict his country; and of his own independence, to de- very independence, and make rand a slave. Has hea dollar? He is to do that which will destroy half its value. Has he hands to labor? Let him rather fold them and sit still, than be Pushed on, by fraud and artifice, to sup- port messures which will render his labor useless and hopeless.” (Webster's Works, vol. 3, page 533). Interest in Sound Money. Webster says (@ vol., p. 534): “Sir, the very man of all others who has the deepest interest In a sound currency, and who suffers mest by mischievous leg- islation in money matters, is the man who earns his daily bread by his daily toil. A depreciated currency, sudden changes of prices, paper money, falling between morn- ing and ncon, and falling still lower be- tween noon and night—these things consti- tute the very harvest time of speculators and of the whole race of those who are at once idle and crafty; and of that other race, too, the Catalines of all times, mark- ed so as to be known forever by one stroke of the historlan’s pen—those greedy of other men’s preperty and prodigal of their own. Capitalists, too, may outlive such things. They may ether prey on the earn- ings of labor, by thelr cent per cent, or they may hoard. “But the laboring man. What can he hoard? Preying on nobody, he becomes the prey of all. His property 1s in his hands. His reliance, his fund, his produc- tive frechoid, his all, is his labor. Whether he work on his own small capital or an- him the a 2 hi: other's, his living is still earned by his in- dustry; and when the money of the coun- try becomes depreciated and debased, whether it be adulterated coin or paper without credit, that industry 1s robbed of its reward. He then labors for a country | whose laws cheat him out of his bread. 1} would say to every owner of every quarter section of land in the west, I would say to every man in the east who follows his own plough, ard to every mechanic, artisan and laborer in every city in the country, 1 would say to every man everywhere who y honest means to gain an honest ware of wolves in sheeps’ cloth- ever attempts, under whatever Whi ing.” popular ery, to shake the stability of the vurrer.cy, bring on distress in money s and drive the covntry Into the use stabs your interest and (Vol. 3, p. public matter of paper money, your happiness to the heart.” 535.) What “Sir, the great Interest of this great coun- try, the producing cause of all {ts pros- perity, is labor! labor! labor! We are a laboring community. A vast majority of us all lve by Industry and actual employ- ment in some of their forms. The Consti- tution was made to protect this industry, to give it both encouragement and security; but, above all, security. To that very end, with thet precise object in view, power was given to Congress over the currency, and over the money system of the country. In forty years’ experience we have found nothing at all adequate to the beneficial execution of this trust but a well-conducted national bank. That has been tried, re- turned to, tried again, and always found guccessful. If it be not the proper thing for us, let it be soberly argued against; let something better be proposed; let the coun- try examine the matter coolly, and decide for itself. Attempts to Carry Things by Clamor. “But whoever shall attempt to carry a question of this kind by clamor and vio- lence and prejudice—whoever would rouse the people by appeals, faise and fraudulent appeals, to their love of Independence, to resist the establishment of a useful insti- tution, because it is a bank and deals in mon and who artfully urges these ap- peals whenever he thinks there is more of honest feeling than of enlightened judg- ment—means nothing but deception. And whoever has the wickedness to conceive, and the hardihood to avow, a purpose to break down what has been found in forty years’ experience essential to the protec- tion of all Interests by arraying one class against another, and by acting on such a principle as that the poor always hate the rich, shows himself the reckless enemy of all. An enemy to his whole country, to all classes, and to every man in it, he deserves Produces Prosperity. | | to be marked especially as the poor man’s curse.” SOME RECENT STATEMENTS. Mr. Siddons Considers Portions of the Speech of Mr. Henry E. Davis. To the Editor of The Brening Stai In your report of the address made by Mr. Henry E. Davis to the Non-Partisan Scund Money League the following re- markable utterance is credited to him: “What is it makes a gold dollar worth a hundred cents?” said Mr. Davis. “It 1s be- cause God Almighty made it so, while sil- ver cannot be a dollar except by the super- vision of men.” This was greeted with loud applause, &c. To a person trying to reach some approximately accurate conclu- sions on the all-absorbing question of the day statements such as Mr. Davis is re- ported to have made come with startling and disturbing effect. Here is a question of currency, a pdlitico-economic protlem, which this nation is trying to solve to its own advantage, and about which honest men differ radically. It is generally sup- posed that it is a question left to morials to determine according to their best judg- ment and for their best good. It is a per- plexing and intricate question, and in its discussion the most astounding aad un- founded claims are made by the dispu- tants. Indeed, the student of the subjec uniess cool-headed, is very apt to be caught in 'e maelstrom of the si 3 national debate. eeine Wateerce To searchers after the truth and admir- ers of Mr. Davis’ abitity, and there are many such in the District, he owes it to them and himself, since he assumes the role of expounder, to make clearer than he has done the connection between the Al- mighty and the value of the United States gold dollar. If he can prove that the D:rector of the Universe haz decreed that the gold dollar alone should be worth cne hundred cents, then Mr. Bryan and his cause are nopelessly lost. If he cannot, then such an assertion should never have been made, for the revzrent will charge him with irreverence, and the peopie who believe that the overruling Providence leaves such questions to be settled by the inhabitants of the earth themselves” will say that Mr. Davis is misleading. Your re- Port has it that this bold a. E “greeted with loud ts te = applause.” It is sur- prising that the audience was not fetrifled with astonishment. Had Mr. Davis con- tented himself with modest cls usually made By the advocates of thegeia Standard, the reader could understand that an audience of sympathizers would have with loud applause,’ limit to the imodesty Supporter of “sound greeted his remarks ‘* but surely there is a th of average further comment. Your report states that “he (Mr. Davis) said free coin- age had a great element of dishonesty, and every man who embraces it with the idea that he will pay his debts cents on the dolar had a canker worm at his heart, and he feared the outcome of such morals.” Of course, that statement involves the as- sumption of the accuracy of the position taken by the gold standard people, and it Suggests immoral motives on the part of those who embrace the free coinage idea. I have looked in vain to discover if the free silver parties were operating upon the voters with such ignoble appeals as Mr. Davis suggests is the case. The nearest approach I can find to such a charge is the promise held out that under a system cf free coinage ef silver money witl be moze plentiful and will circulate more generally. The paradox of a 53) or 53-cent dollar, I have observed. is always put forward by those who stand on Mr. Davis’ platform, and they, assuming that 50-cent dollars are to be the vogue under the free silver regime, proceed to charge that this is a scheme on the part of a considerable per- centage of the population to get rid of 50 per cent of their debts. Without in- tending to argue what the effect of free silver will be, for I do not know and cannot guess, I do wish to deny with all the fervor at my command that such base mo- tives as those Mr. Davis intimates ex- plain the present popularity of the free silver movement. And, as one of Mr. Da- vis’ admirers, believing him to be a man of generous impulse and of ready sym- pathy with the mass of the people today struggling under hard conditions and grop- ing to find a way out of a situation rap- idly driving them to desperation, I am more than sorry that he treated his subject with less, much less, of that judicial meth- od which we had a right to expect from the thoughtful student of human affairs. F. L. SIDDONS. A REPUBLICAN VOICE. Mr. Davis and Other Gold Democrats Called to Account. To the Editor of The Evening Star: At the meeting of the Non-Partisan Sound Money League held in the Raleigh Monday last Mr. Davis, a “gold demo- crat,” in the course of his remarks gave ut- terance to views which are entirely an- tagonistic to international bimetallism. He spoke as if it were impossible to secure international bimetallism, and implied that we might just as well cling forever to a gold standard. I understand now why Mr. Bryan says that “those who are waiting mcst patiently for an international agrec- ment do not want it at all.” But this dces not apply to those republicans under the leadership of William McKinley. It belongs to such “gold democrats” as Mr. Davis, and I sincerely hope that he is the only “gold democrat” it belongs to. If the “gold democrats” wish to help us they must not injure our cause by placing themselves at variance with our leaders and our views. They must understand | that we will not retreat one inch from our stand for international bimetallism. We are the true advocates of the “free coirage of silver at the ratio ofe16 to 1.” We are not going to secure it by unnatural means, but by the common consent of the irtelligent people of the globe, and until | they do give this censent we mean to main- tain the parity of the two metals at the ratio of 16 to 1 by limiting the coinage of silver. The republican party is pledged in its platform to promote the “free coin- age of silver by international agreement with the leading commercial nations of the world,” and McKinley in his letter of ac- ceptance declares that it will be his duty “to employ all proper means” to carry this Pregram cut. And when a conference of na- tions finally settles this question and gold and silver have been given the same values the world over, no Yonger will the bugle call of the “standards” startle the coun- try; no longer will the red banner of an- archy strike terror into the hearts of the patriots of America and the troublesome “Gresham law” will no longer bother the pecple of the world. For if gold be over- valved in one country it will not be trans- ported to another country because ft is also overvalued in that other country, and con- versely, if silver be overvalued in’ one coun- try it ‘will not be transported from that country for the reason that it is also over- valued in all other countries. “YOUNG AMERICA. WHO OWNS MORTGAGES? A Sintisticnl Reply to One of Mr. Bryan’s Recent Statements. From the Philadelphia Press. When Mr. Bryan charged “those who hold fixed investments” as “the only po- tent force” in favor of the existing gold standard, he probably had a vague idea in Lis ill-informed mind that they were few in number. Take real estate mortgages. The mort- gage is the symbol in the minds «f many for the grasping creditor. In 1890, thera Were $6,200,000,000 of such mortgages. Who ewned them? The savings banks held of these mortgages $687,583,977 in trust for 4,533,217 depositors. The building associa- tions held $350,000,000 in trust for 1,800,000 shareholders. The life insurance companies dcing business in New York state held (De- cember 31, 1839), $272,828,457 for 4,582,281 policy holders. Adding other states, in 1890, about $300,000,000. In these three items in 1890 there were 12,100,000 persons holding $1,437,000,000 of mertgages. This number of persons is nearly twice as numerous as the votes which will be cast for Mr. Bryan. .One- fourth of the real estate mortgages in the ccuntry were owned in 1890 by this thrifty, industrious, saving mass of people, who are “those who hold fixed investments” of whom Mr. Bryan spoke and who are turn- ing this thing over just now pretty care- fully in their minds and making them up that, o8 they paid in a gold dollar, they do not propose to get a silver one, worth half as much, pafd in return. This disposes of ene-fourth of the mort- gage debt. It is owned literally by the mil- lon for the.million. The banks hold little or nothing of this mortgage debt. ‘The na- tional banks are prchibited from holding any. All the other banks, state banks, trust companies and private banks, in 1890, held less than $60,000,000 of these loans. Railroads do not own them, They have their own mortgage bonded debt of seme $5,000,000,000, which is owned, 10 per cent of it, by Insurance companies and sav- ings banks, and the rest scattered among 500,000 people. The big corporations do not own real estate mortgages. As we have shown, a quarter of these mortgages in 1890, about $1,500,000,000, were held by 13,100,000. The other $4,700,000,000 were in the hands of small owners. Look over any county clerk’s book of real estate liens. Consult your acquaintance. The great mass of mortgages are held locally in small sums ani amounts by saving’ and thrifty people. Even the big mortgage companies represent a great array of hold- ers. In every rural county farmers loan te each other, small sums are put out at bond and mortgage, many a widow, orphan and aged man have their allin little mort- gages. “Those who hold fixed investments,” we warn Mr. Bryan, are a bigger class and in larger numbers than he thought. We have given the figures for 1690, hecause the real estate mortgage figures were for that year. This great army has grown. There are today 5,000,000 of savings bank deposi- tors, 2,000,000 of building association share- helders and 8,700,000 of insurance policies in all 15,700,000, and they hold about $2, 000,000,000 of mortgages. THE BRITISH LION. Mr. Halict Kilbourn Sees That Animal Athwart the Road. Mr. Hallet Kilbourn, who has been taking a deep interest in the political campaign, and who was in attendance upon all the political conventions this year, is an ar- dent and enthusiastic advocate of free sil- ver. Previous to the meeting of the Chi- cago convention, Mr. Kilbourn wrote a re- vised version of the Declaration of Inde- pendence from his standpoint, and it was approvingly received by those who think his way. Since then he has prepared another dcoument on the subject, which will be, it 4s said, widely circulated by the national silver party committee. The last produc- tion of Mr. Kilbourn is as follows: Shall the 70,000,000 free people of the United States promptly adopt and maintain their own monetary system, or will they wait for the consent of forelgn nations? ‘The spirit of American patriotism and in- dependence, born in 1776, should prevail in 1896, As the absorbing and sole issue in the presidential campaign of this year is the money question, a brief, comprehensive statement of the situation may, perhaps, disclose a foreign Influence which alone im- pedes the prompt adoption by the American people of the free coinage of silver and gold as the standard money of this country. The several political parties representing the people of tne United States have held their respective national conventions and declared their views on the paramount 1o- litical issue of the day as follows: The republican party, in its platform, says: “We are opposed to the free coinage of silver, except by international agree- ment with the leading commercial nations of the world, which we pledge ourselves to promote. and until such agreement can te obtained, the existing gold standard must be preserved.” ‘The democratic platform proclaims: “We demand the free and unlimited coinage of both silver and gold at the present legal ratio of 16 to 1, without waiting for the consent of any other nation.” ‘The national silver party in their plat- form state: “We are unalterably opposed to a single gold standard, and demand the immediate return to the constitutional standard of gold and silver, by the restora- tion by this government independently of ary foreign power of the unrestricted coin- age of both gold and silver into standard money at the ratio of 16 to 1, and upon terms of exact equality prior to 1873.” ‘The populist platform asserts We de- mand the free and unrestricted coinage of silver and gold at the present legal ratio of 16 to 1, without waiting for the consent of foreign natlons.”” The Platforms All for Silver. By these several platform declarations it is conclusively shown that all the national political parties-are in favor of the free coinage of silver as a part of the monetary system of the United States; the only dif- ference between the republicans and the other parties is as to the plan or method by which the free silver policy shall be adopted. The republican platform distinctly de- clares: “"We are opposed to the free coin- age of silver except by international agree- ment with the leading commercial nations of the world, which we pledge ourselves to promote.” The republicans have in this declaration pledged themselves to promote the adoption of the free coinage of silver in the United States through a hoped-for agreement with foreign nations. This declaraion is an absolute confession by the republicans that the free coinage of silver is essential for the prosperity and progress of the American people, by their pledge to exert-all their influence to pro- mote its adoption in this country by agree- ment with forelgn nations. Sound Money and the Honest Dollar. The American people know that the meney issued by the United States govern- iment, whether In silver, paper or gold, 1s sound money, and that every dollar issued by the government with its value stamped thereon is an honest dollar. The patriotic American people who are opposed to the visionary republican plan of delay and uncertainty of results are unani- mously in favor of the prompt adoption of @ policy for the free coinage of silver and gold as the basis of the monetary system of the 70,000,000 free people of the United States, and without waiting for the con- sent of any foreign power. The British Lion in the Path. Great Britain is the controlling com- mercial power of Europe, and her single gold standard system of values reflects the money policy of that continent. Without the consent of Great Britain it is idle to attempt to “secure an interna- tional agreement of the leading commercial naions of he world.” The failure of twenty years’ appeal to Great Britain to agree to international bimetallism is evidence of her fixed pur- pose to maintain the single gold standard of values. Domestic and Foreign Interes Statistics show that fully 95 per cent of all the productive interests and com- mercial transactions of the people of the United States are conducted within and between themselves, while but 5 per cent are transacted with foreign nations, of which Great Britain gets the largest por- tion. By adopting the republican plan of set- tling the money question the 95 per cent of the commercial business and productive industries of the people of the United States must remain in abeyance to the British gold standard policy, ‘until such agreement can be obtained with the lead- ing commercial nations of the world,” with whom our business relations extends to only 5 per cent of our trade and traffic. Home Protection. The people of the United States who op- pose the republican plan of delay in re- establishing the free coinage of silver are in favor of prompt action and protection to the immense magnitude of American home interests, as against the waiting policy of trying to secure a financial nod of recog- nition from John Bull. Within the limits of the extensive domain of nature’s wealth in this country our 70,- 000,000 population can produce, develop, construct, mine and manufacture all and everyth ng essential for the prosperity, progress and happiness of the people of the United States without importations of goods and wares from Great Britain or the European continent. Political Armies. ‘The people of the United States in this presidential campaign are organizing into political armies, contesting for the es- tablishment of a settled money policy to become a law of the!r land. The American forces are composed of volunteers enlisted under the star spangled banner of “Uncle Sami anf the American eagie, ahd whose. rally! 3 to duty is: 2: “The government of, ; American peo- ple, by the American for the Amer- ican people,” set to the pafriotic music of the “Battle Cry of i Sat The opposing force Js largely composed of tories, shylocks and oth imbued with the traitorous spirit For nedict Arnold, drafted under the infiengd of John Buli and the British lion, w, vile Hessian yelp is: “No more si! ‘andard money for the people of t ted States ex- cept by agreement ign nations,” (Britannia.” set to the tune of “ All of which suggest#, “What's the mat- ter'with Hanna?” 8" "3 The Final Action, This important contest of the American people will be peacefully decided at the ballot box on the 3d of November next. Every qualified citizen should cast his ballot to ald in settling thts confilct, and every patriotic American ghould exercise a freeman’s will by voting as his own con- science dictates is for the best interests of the people of his native or adopted land— the United States of America.” SOME SILVER QUESTIONS. Interrogation Points That Ge Deep Inte the Subject, From the New York Lumber Trade Journal. Let us not get mixed up with complex matters in connection with the free silver idea. Let us not befog our brain with argu- ments about the crime of ‘78, or bother with the many theories which the advocates of free silver are giving us. But let us take a common sense view of the situation. Now, to start with. Suppose Bryan was elected, and the free coinage act had been passed, and that free coinage was an actual fact. Suppose that silver could be taken to the mint and coined into silver dollars, at the ratio of 16 to 1. How would that affect us? We haven't got any silver coin. A whole lot of people who own silver mines have it, and so they could have it coined into 16-to-1 dollars; but, not having any ourselves, we could not have a solitary, single dollar coined under the free silver act. Now, suppose, however, that all the sil- ver mine owners and others who had silver took it all to Washington or Philadelphia, or to some other United States mint, and had it coined into 16-to-1 dollars, and Suppose so’ much had been coined that all the silver in the world was made into 16-to-1 dollars, and Suppose that every one of these dollars were piled in one heap right on the next block, and Suppose every single one of them was worth 100 cents here and everywhere. What good would they do us, unless we had something ‘we ‘could trade hy whieh we could get one? “Weir; 'We Kuve something to“itade? éVery- body has. | jome have labor, so much for a collar. Some have lumber, so much for a dollar. Some have sugar or potatoes or ham cr ccal cr something else, all so auch for a dollar. We have advertising and subscriptions, so much for a dollar. When we want one of those silver dollars we cannot go and take it; they don't be- long to us; they belong to the nen who took the silver to the mint to be coined. If we took one, 1t would bé stealing. If we asked for one for nothing, it would be begging. If the owners gaye us one for nothing it Woilld be a’ gift. If we borrowed one, ft would cost us in- terest, and so Most of us, to get one, must trade Iabor, lumber, sugar, coal, advertising or some- thing to get it. igils Is absolutely and honestly so, isn’t t? Well, being so, why do we take any chances on the dollar? We cant wet’ Hold vow. It, is worth 100 cents on a dollar every- where. So we have supposed ihe silver to be, but Suppose it isn’t. What then? 3 What is the use of taking a chance un- less we can do better? A silver dollar won't be worth more than 100 cents, will it? We are getting that now. Let well enough alone. Some say duty comp2ls a democrat to back up and vote for a democrat. You have Pryan's word that he is no democrat. Let hum dare deny: that he said {*. Some say It is pretty bad no as well take avchanee. It What kind of tomfoclery is this? When our baby lay at death's door, @id we dg any experimenting? We tried every- thing which could cure, but we did not ex- periment. Are things bad in a business way? Let us tell you something to try. Vote down this crowd of repadiators. Tell the world in trumpet tones in No- vember that we want the best money, that we will take no other, and business will revive. Let the capital out that Bryan and his followers have scared under cover ahd prosperity: .will come. ——__—___-e.___ BRYAN ON THE GOLD STANDARD. We might n't weoworse. The Democratic Candidate Addresses Many Thousands at Toledo. Mr. Bryan, the democratic presidential candidate, demonstrated again yesterday that it made no difference whether his voice was hoarse or not by making more speeches* than"hé ‘has for several » days: He made long speeches at Springfield, Ken- ton and Findlay, Ohio, and last night made two more in Toledo. Thirty .thousand people is a conservative estimate of the solid acres of humanity gathered in High School Square, Toledo, last evening to hear Mr. Bryan deliver a campaign address. Forty thousand would probably be nearer the correct figure. The audience was very enthusiastic, and at times its cheers became a deafening up- roar. Mr. Bryan was introduced by Judge Lemmon, and spoke, in part, as follows: “Ladies and gentlemen: As F léok over this vast audience, which is measured by the acre rather than by the head, I am led to regret that the silver craze is dy- ing out. (Great applause and laughter.) If this is what the people do when the silver sentiment is on the wane, what are they going to do when the sentiment begins to increase? “Between a gold standard and bi- metallism, whether that bimetallism be independent or international (cries of ‘In- dependent"), there is an impassable gulf. Those who believe in a gold standard cannot politically affiliate with those who believe in bimetallism, and those who believe in bimetallism cannot for one hour remain in’ political association with those who would fasten a gold standard upon the human race. “Upon the action of the United States may depend the actton of other nations upon the money question. Pf the influences which are at work here for the destroyal of silver as a standard “money succeed in this election, and the ffifluence of this nation is cast deliberately tipon the success of gold, you must remember that those same influences will,be ,gurned against weaker nations, and nation after nation will be driven from the use of silver as a standard money to thte udé of gold alone, and every nation that,rejoices in the de- mand for gold may help ;to increase the purchasing power of dri ouuce of gold, and every time the purchasi: power of an ounce of gold shail rise t: prices of the Products of human fabor™will fall (ap- Plause), because a dear dolfffr is simply an- other definition of cheap prbperty. “A dollar cannot buy! méfe unless prop- erty sells for less. If you think you have hard times what would it be if these same influences succeeded ‘i driving India to @ geld standard, if thay sNéuld succeed in suspending the free coinage of silver in India? _ Wait until they make gold the standard in India. Wait until thosc 250,- 000,000 of people there reach out for their share of the world’s supply ‘ef gold. Where will they get it? They will get it frem the nations which now have it, and they will have less. ‘Wait until these in- fiuénces have driven China to a gold stardard and her 350,000,000 of people de- mand their share of the world’s supply of gold. Where will they get it? From the nations which now have it, and they will have still less than they have now. Wait until they have driven Japan and South America and all the other silver- using nations to a gold standard and then what? Then you have a llttle chunk of gold only twenty-two feet each way when melted into cubes, and that little chunk of gold will measure all of the property of the gold. (Applause.) You will then have something Hke $4,000,000,000 of stand- ard money instead of $8,000,000,000, and those $4,000,000,000 will be in shape where the money can be cornered by the great morey owners of the world, and doled out to mankind at such prices as the owners shall determine. (Applause.) That, my friends, is whet the gold standard means. “Suppose the people of this city should derive their water supply from one great spring, and suppose that one spring that furnishes water for all the ao and that one spring was controlled by one person, or a f Persons, who acted in concert. What would be the result? No matter how hard times might be for all the rest of the people those who own that spring and furnish that water at what price they would, would always get along tolerably well in this world. (Applause.) “I believe that illustrates just what will go on if the close crusade in favor of gold ccrtinues to its legitimate, its natural, its logical conclusion. It will mean that those who are able to control the supply of the gold of the world will be able to dictate terms to the rest; it will simply mean that while the people are nominally free they will simply be hewers of wood and drawers of water for those who control the money supply of the world. (Applause., ——— THE INDIANAPOLIS GATHERING. Senator Caffery Made Permanen Chairman and Delivers a Speech, It was 4:15 when Temporary Chairman Flower appeared on the platform to cail the afternoon session of the democratic gold standard convention to order yester- day. Both he and Senator Palmer sat on the platform, and were warmly greeted, and an enthusiastic I!linolzan called for three cheers for John M. Palmer, “the grand old man.” They were given with effect. There were no demonstrations as other conspicuous men entered. The gal- lerles were more crowded than at the first session, and the proportion of ladies was fully as iarge. The reports of committees were called fcr. The report of the committee on cre- dentials was first presented by Chairman Brennan of Wisconsin. The statement in the report that there were present S24 delegates to the convention, representing forty-one states and three territories, was heartily applauded. The report of the committee on permanent organization not being ready, Dr. Everett of Massachusetts was introduced to the convention by Tem- porary Chairman Flower. He was en- thusiastically greeted, and made a stirring speech. Dr. Everett declared that Massachusetts was opposed to sectionalism, and when he said that the convention would uphold the bonds of Mr. Cleveland for maintaining the credit of the nation, the delegates jumped to their chairs and joined in a stormy dem- onstration, Fans, handkerchiefs, flags, everything that was movable, were waved, amid frantic cheering. He made a touci ing reference to the sad death of ex-Gov. Russell, who, he said, had died of a broken heart because of the folly of his party at Chicago, which was received with rousing cheers. There were loud calls for Bragg, Vilas, Buckner and others when Dr. Everett took his seat; but the committee on permanent organization was ready, and read its report. The report was read by Delegate Roberts of Missouri. It recommended Senator Caf- tery of Louisiana for permanent chairman; John R. Wilson of Indiana, secretary, and Walter Kessler of Indiana, sergeant-at- arms. It also reported on order of busi- ness. The report also recommended that the organization of the party be made per- manent, and that the committee be em- powered to call future conventions. This portion of the report met with a warm re- sponse from the delegates. The report was adopted, and Mr. Bullitt of Pennsylvenia and Mr. Lawler of Min- hesota escorted Senator Caffery of Louw ana to the platform. in assuming the gavel Senator Caffery made a strong speech. Wihout being ornate Mr. Caffery is an impressive speaker, clear In logic, bold in statement, emphatic in gesture. He 1eferrel occasionally to his manuscript. The convention listened closely and fre- quently interrupted by applause. He spoke as follows: Chairman Caffery’s Address. “I tenler this ccnvention my <¢ thanks for the high honor of selecting me to preside over its deliberations. shall always regard it as the highest horor ever conferred upon me. “Charged by our party with the function of ministering in its temple of faith and teaching the people its true doctrines, our priests have desecrated its altars, broken its shrines and taught false doctrin to epest the people. We now enter the sanctuary of the temple and take possession of the ark of the covenant of our faith, which we will hereafter vigilantly guard and defend. We will purity its desecrated altars and rebuild its broken shrines. And lest the hearts of the people be stolen away from true democratic faith—the faith of our fathers and founders—we must separate from our brethren who have wrought this evil, and from those who have followed their evil teachings. We cannot follow them in the road they have taken; for their feet are swift to destruction, and their way is the way of death. The ties that bound us were as strong as hooks of Steel, and we part from them in sorrow. “Loyalty to party discipline and organi- zation has ever been the pride and strength of our party. Loyalty to principle has ever been, and ever will be, its cardinal and leading tenet, paramount to all others, binding in conscience and guiding the action of every true democrat. Not Bound by the Chicago Convention “If we do not look into evidence aliunde to the Michigan frauds and other devious acts and practices designed to pack the ecnvention, the Chicago platform has the stamp of our party and claims its allegi- ance. But it is a mere simulacrum; a form without the substance of democracy, and no democrat is bound by it nor is it ertitled to his fealty. The declarations of that platform are ‘open, palpable and fia- grant’ departures from all that democracy has stood for. They assail the money standard of the country and declare for the inflated and depreciated standard of free silver at the ratio of 16 to 1. They as- sail the right and power of the executive to enforce the law and to protect property under the control and in the custody of the federal courts in any state in the Union; they attack the integrity of a co-ordinate branch of the government; they declare that the function of issuing paper money is to be exclusively exercised by the gov- ernment itself; they assail the right of the citizen to contract for payment in any legitimate commodity; they declare that the obligations of the government, fer which gold was received and for the pay- ment of which in the same coin the na- tional faith is pledged, may be paid in a depreciated coin, and we declare that eac and every one of these attacks and declar- ations are undemocratic. They are an as- sault upon the Constitution, the time-hon- ored principles of the democratic party and the distinguished patriot and statesman who has twice led it to the only victories it has achieved in thirty-six years. “It is the Ishmael of platforms. It raises its hand against some of the principles of both parties and all the principles of the democratic party. It is begotten of the unhallowed union between democracy, populism and anarchy. And that the Scriptures may be fulfilled, it will be a fugitive and a wanderer on the face of the earth. “We rold that no argument is needed to. show the revolutionary and anarchistic character of the doctrine that the laws cannot be enforced in a state to protect property which is in the jurisdiction of fed- eral courts, or to protect the United States mails, or that the Supreme Court ought to be reorganized, or that the national honor should be stained or the national faith vio- lated; or that the freedom of private con- tract ought to be limited, or that the func- tion of issuing paper money ought to be exclusively exercised by the federal gov- ernment. We hold that the theory of free coinage of silver with gold at the ratio of 16 to 1 admits of argument, but we hold that the weight of authority, the strength of reasoning and the facts of history all point to its fallacy and the ruinous coi quenccs of its adoption. We hold tha will rob the poor man of his wages and the rich man of his wealth; the widow of her savings, the child of its patrimony; the sol- dier of his pension; the industrious of the toil and the inventor of the reward of his genius. We hold that it wiil demoralize and seriously disturb the immense trade and commerce of the republic and drive the country to a discredited, depreciated and depreciating standard; e our finances as with a paisy and trade with a blight We hold that the nation’s credit will fall rrostrate, its obligations will be dishonored and its unsullied character will be stained with fraud and deceit. “We claim that these averments are true, eetablished by historical fact, by un- answerable reason, the opinions of the mast distinguished political economists and the common sense and common honesty of the largest portion of our fellow citizens. “The credulity and cupidity of some of our good citizens have been played upon and aroused by artful fanatics and cunning demagogues. There are, however, many Sry and intelligent men who cling ith all the strength of conviction to the specious but unsound theory of bi- metallism at 16 to 1. If their theory is de- nounced as false and pernicious, no impu- tation is cast upon their character nor any slur upon their intelligence. Free Coinage the Supreme Issue. “The free coinage of silver is and has been since Mr. Cleveland's inauguration the supreme, overshadowing issue before the country. Upon that issue the President and a majority of his party’s representa- tives in Congresg took opposite sides. In consequence he has been powerless to ef- fect financial reform and secure immunity from gold raiding on the treasury. “Since the inception of the struggle for free silver no compromise has been pos- sible. Our brethren knew that tha battle was on to the death. The nominee of the so-called democratic party has on several occasions proclaimed the irreconcilable na- ture of the conflict. It is a fi:ting culmina- tion of such a coniest for our brethren to obtain allies from populism at the price of incorporating its nefarious doctrines in their platform and attempting to palm them off as genuine democrac It was fit that to a degraded and depreciated cur- rency should be added an assassinated judiciary and a powerless executive. “Fellow citizens, we are not traitors to our party. We are in the house of our fathers. We cannot be driven from it. We will defend the honor of our country and the integrity of our principles as long as life endures. We can neither be ousted from our political heritage nor forced into the ranks of our old-time adversary. We intend to preserve intact, unimpaired and unsullied, by and through the organiza- tion which we perfect today, the democ- recy of Jefferson, Jackson, Benton and Cleveland. We propose to furnish a refuge and an abiding place for such of our breth- ren as, shocked and grieved at the be- trayal of our princtples at Chicago, are in- clined to go to the republican camp. “The principles of democracy are im- perishable. They are antagonistic to the paternalism of the republican and the socialist; the destructiveness of the an- urchist and the vagaries of the inflationist and repudiator. Byron wrote: ‘While the Coliseum stands Rome shall stand, and while Rome stands, the world.’ We say: “While democracy stands the republic shall stand, and while the republic stands, hu- man liberty.” “For a season our party may stray after false doctrines and flounder amid quag- mires, until the beacon Nght of truth breaks upon it. It will rise from every fall, ike Antaeus of old, and “e’en in its ashes will iive its wonted fires.’ If in the decree of fate our party must perish, let no historian write such epitaph on its tomb as this: ‘Came to an untimely end from swallowing political and financial poison, but rather let this epitaph be written over its honored grave, dug amid the ruins cf the Capitol: ‘It did not survive the loss cf liberty, the destruction of the republic, and the decay of public and private morals.’ No New Creeds. “We are the propagandists of no new creed. Weé are the upholders of the old. We appeal from democracy drunk with de- lusion to democracy sobered by reason. With an abiding faith in the intelligence and honesty of our people, we lay before them and the world the reasons that prompt us to unfurl the old flag that has floated over many a triumph and many a defeat, and never yet been soiled by re- pudiation or stained by dishonor. “We deem it wise to pursue an ageres- sive rather than a negative policy; to be Achilles dragging Hector around the walls of Troy, rather than Achilles sulking in his tent. We propose to make a funeral pyre of the cadavers.of populism and anarchy. 5 We propose to drag behind our triumphant chariot wheels, in defeat and disgrace, around the national capital the dead Frankenstein personifying their pernicious creed and their turbulent fanaticism. “We cannot make bedfellows even in a night of furious siorm and this darkness, of our life-long antagonists. We cannot, even to escape as great evils as are the necessary result of the success of the Chi- cago platforn loved and ven theory that the people can be made rich taxation, nor to the theory that the f eral power and treasury can or ought to be used to impair the autonomy of the Stat on one hand, and on the other, to dispense largess to favored classes. The election of McKinle n, with our support, would struction of our whole part a generatien. For, when our people of populism and anar, from the debauch y they will di the men who have led their orgy g0 to McKinley, those men will be the rec- ognized exponents of democracy. When the fumes of the debauch are -ilssipated and sober reason res her s our flock will turn toward its fold, only to find it_ destroyed. We, therefore,’ stand fast. We sound a bugte call throughout the land for all democrats to rally for the support of government and law, for the honor of their and country for the main- tenance and preservation of _ their creed, its memories and its glories. If not heeded, now, it will be in the near future. And those clouds which lowered over our political horizon and darkened our councils will take flight, those opposed eyes which lately met in’ party conflict will be turned all one way and a united and triumphant democracy will march on to victory, under the aegis of the Constitu- tion and under the precepts of the apostles of our faith.” Adjourned to This Morning. At the conclusion of Senator Caffery speech John P. Irish of California was c: ed for and responded with a speech. Mr. Irish has quite a reputation as an orator and fully justified it. He said there was something appropriate about the selection of Indianapolis for this ccnvention, as there in the days of the war democrats assembied, under the threat of shotted guns, and declared thelr faith. They were now threatened with something vorse than physical extermination. Their name had been filched and their principles debauched by those who had d: placed that ecde with @ creed to which the democratic party had been opposed since there had been a division of parties in the country. His characterization of Mr. Bryan as the “agent of the silver syndicate and the commercial traveler of the millionaire mix owners touring the country for busine: raised a laugh, which ended in a round of Gladness Comes wit a better understanding of the transient nature of the many phys- ical ills, which vanish before proper ef- forts—gentle efforts—pleasant efforts— rightly directed. There is comfort in the knowledge, that so many forms of sickness are not due to any actual dis- ease, but simply to a constipated condi- tion of the system, which the pleasant family laxative, Syrup of Figs, prompt- ly removes. That is why it is the onl. remedy with millions of families, and is everywhere esteemed s0 highly by all who value health. Its beneficial effects are due to the fact, that itis the one remedy which promotes internal cleanliness without debilitating the organs on which it acts. It is therefore all important, in order to get its bene- ficial effects, to note when you pur- chase, that you have the | eee arti- ele, which is manufactured bg the Cali- fornia Fig Syrup Co. only and sold by all reputable a If in the enjoyment of good health, and the system is regular, laxatives or other remedies are then not needed. If afflicted with any actual disease, one may be commended to the most skillful physicians, but if in need of a laxative, one should have the best, and with the well-informed everywhere, Syrup ad 'y Figs stands highest and is most I: used: Gain piaes Sek panealaatbakastion: applause when he declared that the general rublic should not be de “the tool of this puppet of syndicates. He corcluded a glowing peroration with the words: “When this contest is over it will be found that if we haven't vanquish- ed one Gaughter of the horse leech we have at least left her without a sister.” Immediately after Mr. Irish’s speech the convention at 520 adjourned until this morning at 11 o'clock. The National Committee, The following are the members of the national committee: Alabama, J. M. Faulkner; Arkansas, C. B. Moore; California, E. B. Pond; Colo- rado, —; Connecticut, Joel A. Sperry; Del- aware, Florida, J. D. Abbler; Georgia, Thomas F. Corrigan; Ilinois, —; Indiana, —: lowa, L. M. Martin; Kansas, Eugen Hagin; Kentucky, Zack Phelps; Louisiana, M. R. Spelilmann; Maine, —; Maryland, —; Massachusetts, —; Michigan, —; Minnesota, F. W. McCutcheon; Mississippi, H. M. Street; Missouri, —; Montana,—; Nebraska, —: New Hampshire, Gordon Woodbury; New Jersey, W. J. Curtis; jew York, Charles Tracey; North Carolina, Louis D. Lacroix; North Dakota, H. L. Whitehead; Ohio, Talford P. Linn; Oregon, Seth T. McCormick; Pennsylvania, —: Rhode Is- land, C. C. Munford; South Carolina, —: Scuth Dakota, John B. Hanton; Tennes- Bee, Michael Savage: Texas, M. Craw- ford; Vermont, W. H. Creamer; Virginia, Joseph Bryan; Washington, —; West Vir- ginia, Randolph Stahinaket Wisconsin, Ellis V. Usher; New Mexico, —. Committee on Resolutions. The following are members of the com- mittee on resolutions: Alabama, Thomas G. Jones; Arkansas, S. W. Fordyce; Call- fornia, John K. Irish; Colorado, Louts R. Ehrich; Connecticut, Lewis Sperry; Dela- ware, Levi A Bertelot; Florida, T. A. Garby; Georgia, D. R. Desausser; Illinois, James E. Eckels; Indiana, Emery B. Sel- lers; Towa, W. E. Babb; Kansas, W. H. Rossington; Kentucky, George M. Davie; Louisiana, Edgar H. Farrar; Maine, C. Vey Holman; Maryland, Philip D. Laird; Massi chusetts, Herfry W. Lamb; Michigan, Kd- win F. Connelly; Minnesota, Thomas C. Kurtz; Mississippi, H. M. Street; Missourt, F. M. Black; Montana, A. H. Nelson; Ne- braska, Albert Watkins; New Hampshire, A. C. Batchellor; New Jersey, Chariton P. Lewis; New York, Henry A. Richmond; North Carolina, Lindsay Patterson; North Dakota, P. R. Fulton; Ohio, Virgil P. Kline; Oregon, C. E. 3S, Wood; Pennsylvania, George F. Baer; Rhode Island, William C. Baker; South Carolina, W. W. Ball; South Dakota, W. Crofoot; Tennessee, Edm: Cooper; Texas, M. Kleber, Valentine; Virginia, Abe ington, W. C. Sharpstein; West Virginia, Alfred Caldwell; Wisconsin, William F. Vilas; New Mexico, W. B. Childers, Washington City Free Library. Despite the excessive heat of August, the monthly report shows that during that month the record of books borrowed has exceeded that of any previous month, the number loaned aggregating 4,753 volumes. Of these, 7,048 were for home use, ~1,315 used in the reading room and 2%) in the traveling libraries. The total number loan- ed since January 6 is 54,957 volumes. Two hundred and seventy-nine volumes have been added to the library during the month, 241 being by gift. The monthly additions to the registration Ist number 371, making @ total of 4,756, The use of non-fiction cards 1s growirg in favor, as shown by the n.onthly issue of 118 of these car Here are a few words from a fwoman to wo- men. There is no theory about this letter. by AI There is nothing ty about it that cannot be read- ily proven. It is a voluntary statement from woman who has been restored to health and strength, and who wishes that her own experience may be duplicated by the experiences of others. Mrs. L. Dedmon, of Pair Grove, Greene Co., Mo.. writes: “In July thgs I was confined. My confinement was premature. About six weeks after, I was taken with severe flooding. I had the best doctor the country afforded. Itook med- icine for about two months but got no better. I was very weak—could not do any of my work. Could scarcely lift a chair. Suffered with pain in my back and hips and had soreness deep, low down across ue. Thad inflammation and ulcera- tion —so the doctor said. I concluded I would consult Dr. R. V. Pierce. I wrote to you givin you a full description of my case. You advi me to take your * Favorite Prescription” I bo gan taking it at once. in, three days I could feel achange. I took three bottles and the result was complete cure. it has been six months since I used your medicine, and I feel no return of the disease at all. Iwish also to say I had not been strong for many years. I had taken patent med- icines and been attended by doctors but got no y there is not a stronger woman in the country than Iam. 1 suffer no pain at all; can work all day and not be tired at night. T.can Sees f say that I believe I owe my health to the use of your valuable medicine, and your good advice. If a copy of Dr. Pierce's “Common Sense Med- ica Adviser” was in every house in the United States, half the sickness in the country could be prevented. This great work of over a thousand ges is completely illustrated with over three wndred pictures. Tt contains mauy simple inex. pensive receipts for curing the common ailments which arise in every family. By following its advice, simple home treatment may be given for many little ailments. Serious sickness mai be prevented and many doctor bills saved. Neatly 700,000 copies have been sold at $1.50 per and now an dition, paper-bonnd, of half a million is bei®y distributed absolutely free. 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