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November 4, 1898 |
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M0unt Vernon Hawk-Eye, November 4th 18 .
i
Iowa Voters Hear a Clear and Forceful Argu=
ment for Sound Money and Good
Government.
BRILLIANT rel0rD OF rEFUBLIgAN AgHIEVEMEHT
Issues of the Present Campaign Philosophically
Discussed and Strong Plea Made for Sup-
port oi
and a
a Righteous Administration
Progressive, Promise=Ful=
filling Party.
e
The following speech was delivered
at Estherville, Iowa, Saturday, October
29th, by Congressman Cousin~:
On the 15th day of M~rch,1897,~ y~r
and a 'half a@o, the congress of the
United S%etes,~ by call of the Presfdent,
seBaion.
The wins tO pro-
a themometer? No," replied the
chopper, "we can. generally tell by
sttcking our tongue ~co the axe whether
it's winter or summer. (Laugh-
ter.) The farmers of - this
country don't need a census or
sched~ale of prices to ,tell what they've
bee~ ge{'tin~g for pr~luce or what
they're gentLing now, they kn~w wheth-
er' it's th~ winter of pc*pocracy or 'the
Vich ~utum~ of rep~i, blican p~o~perity.
torn up root and
under which OUr
reached the high~~ ma~k
The coI~dit~o~s .e~st~': ~
-M~Kinley and a
O~ .repr.eS~r ~tlvu
nLanagement :~f a~air~
in 1897 were n~mt embarrassing and
difllcuh. There lind
of revenue
year admi~-
tra~ion a~I st newly cre-
ated : debt of two hun-
dred and millions of dollars.
The industria~ condition o~ the country
was so wretched that it seem~ almost
cruelty to'recall it. The n~am~be~ of
failures had been the greatest In our
Ms'tory and :had made a record of dis-
aster unparalleled in the annals o
America. The soup-house was the
chief enterprise. Seventy-two rail-
roads were in the hands of receivers
a~td labor was largely in the charge of
Charity. In such a condition
of affairs the party of Abraham
Lincoln began its work, the old phys-
ician came to the rescue. Never was
remedial legi~la~tion so speedily en-
oaStthois:dacted. The Dlngley bill was proposed
) rnembe! on the first day of the extraordinary
md rno~]
one of t4 ~es'~'ion, March 15~th, and. was passed
)TIS eve~
ngressm~ In the house on March 31s~t: In the
o direct] s~.nate where populism rants an4
whose ~] wi~ere discussion is from everlasting
I. It is I]
an twe~
to everlasting, ~he measure was de-
I such .~layed so that it could
not
finally
reach
thotheeb~the~ President un,til July 24~h. It took
cariy
~-~Mr. McKinley less than fifteen min-
~ le~utes to recognize and to reauthorize the
)T~,:~,: A P~Ji republican doctrine of protec-
ItCON~ morn~N *~ :' n en (applause) and from th~
. ~ t his illustrious signa-
l50 m Lure wa
Et~ TI-I~ S affixed, the commercial re-
1: oF TI:~.POrts of Dunn and Brad~reet have
vote ~t~ t}Orn constant Witness to the revival
SILVE
TIT]ON ~ business and of prices throughout
be broui~hae United States and to the re-era-
DID N( Ployment of Ah~eriean labor.
her he ]
reportedcertain The Logic of Events.
TED T(
d to the It is not necessary to remind those
gold st~
nt form Who huts suffered in business
!~:~ st~| andemployment, that indus-
~cn~"~ t~of on'trial properties which . were
;mrUo~Ir~i.~ WanLy and thirty per cent below
~P~ a b~pa'r in the fall of '96 are now ten and
~. |~Wenty per cent a~bove par It is unuec-
of courSl eSsap
"al imp~l8 Y to point to the interest rate of
d in co Per dl
.~Ic. . cent and to the "fficulty of se-
xy c u~c~ ~urln~
t whene~c~ s cash in 1896, or to compare that
house s nditi
~o on of affairs vath the present
nay me~a~ alla~ .
for lt;l~ real situation when- money goes
2enths~, ~egging~ for five per cent. Farmers
,I,H]~ ~[f uot be reminded th.at Since the
' MEAS~[all Of '96, by reason of 'the
t n~reased
~.~XNNA,|t~PloYmenter of American la~or and
----~s~e consequent enlarge~fiend: of con-
~u~S:. ~pUo~dption, t'he average price of farm
~u~es, ,~ ucts has increased m~re than ten
]d was *~Per c
was tl~t ent. I take tt for granted th$,t
h~ avera
:t~s'~ns]'~ ge man of experience in this
vas gra~Country knows by this time which side
erk's 01~ On a
of "his provlslons is buttered
;~ore, ~ ve .
the ~IC~ry ecru morning a traveler asked a
ao er d
Crouss~p PC o~vn in ~he Wood~ how cold
~trate ~ w
,truer tl~owaS;u~st T~ea {el l ~w sald.l:te, didn't
~[, a t:~ty slOW eol(l IT, was.
less ~ eli, sald t~e traveler, 'haven t you
weddea]l
tiP. hI~I~
the L
resent
,pooch
' n~tlone must Pay us
privilege of doing business In our
markets. We 'h,ave learned this lesson
so relaeatedly, so thorottghly a~n4 so
recengly that It seems unnecessary to
d~scuse it.
Some Convincing Figures
During the fiscal year of 1895-6 this
country exported .$112,409,94:/ of gold
and imported only $35,525,065. Dur-
ing the fiscal year of 1897-8 we expor~-
edonly$15,406,391 of gold and imported
$120,391,674, The Un,lted States has to-
da~more gOld than ever before in our
history. By reason .of our large expom
trade the holdings of coin gold in the
'coun,try am~)un, ts ~o over $200,000,000.
and with the amounts in the assay
officees and pri'vate 'holdin*gs, is esti-
mated at $300,000,000.
Our balance of trade, that is the ex-
cess of expo~ts over imports, for the
fiscal year en41.ng June 30, 1898. is
$615,259,024. Our exports for fhe year
aggregated $1,231,311,868, being the:
largest in our history and exceeded the
value of exports .for the last
fiscal year under the W.ilson-~or-
man act by $180,318,321. Our imports
for the fiscal year ending June 30, 1898.
are $616.052,844, being $14S,677,568 less
than for the last preceding fiscal year
and ts #(no least aggregate of imports
~ince 1879.
Prosperit) vs Panic.
That tells the tale of our prosperity, ~
It simply means that American labor-
- ers have been doing American work
and while it has been disastrous to
the soup-house, it h.as sta'rted the
fires and filled the larders in American
homes and tt has enabled those em-
ployed 'to purchase and consume more
of the products of the American farms.
The resuR of it all Is that our people
are at work and our gold is at home,
(Applause.)
Cash Is a ml,gbty comfortable thing
to have, because it ecru,mantis the
t~a'lngs which satisfy people's desires.
V~hen the t~ousand~ of laboring peo-
ple in 1894-5 and 6 lost t'heir j=obs or
were reduced in. wages, they ~eeded
cash, thane is to say, they needed the
things which money tbuys, and the
farmer needed the money which em-
ployment would have given .~o the la-
borers and toilers in the factories.
Everybody was poor. The laborer was
idle. and although produce was cheap,
he could n~ot buy. Business was para-
lyzed. Trade was stagnated. The land
was filled with misery and want and
doubt and fear. Universal pa,ntc pre-
vailed. Dante's man, who had been in ~,
~the inferno2 regions ~s little better';~-
qualified to relate a horrihle expert- "
cn'ce thor was the man who had passed
through ghe last popocratic t;anic, N,o
w~n,der that the land was filled wlt:h
suicide and misery.
The Cheap Money Tempter
In ~hat co~ad'i~ion of mind a.n awful
temptation came to the American citi-
zen, to the farmer. ~o the business
man to the day-laborer. The tempter
was a political organiz~tk)n. It whis-
pered in the ear of the American citi-
zen 'the~e cowardly and inPxmous
words, "I ~Vs cheapen the American
dollar." The face of the donwheart-
ened, panic sLacken citizen bright-
ened and-- hc asked~the tevaVter,
"How? Make an unlimited number
of them," said the tem,p~er. "How?"
required d~he eager citizen. "Open the.
mtn[ts for t'he free and unlimited c~in-
a~e of
Land
fo~d
her wt
per
bee{ an
er' s
bring
can
for the
deman(
"Why,'
or,
havln
the
i't wil:
gol,d."
]n
every
that
of
the r~tio of 1.6 to 1
of money to buy
debts." "How?"
citizen "Your la-
ss many dollars
buy twice as much
flour, stnd ~e farm-
and flour will
dollars and he
of your labor
:Laugh,tar.) "How ?"
discerning citizen.
the beguiling tempt-
'coinage of silver
the Amerlcan
limited use of
mints ,Wi:ll raise and
so Chat ~6 ounces of
lent to one ounce of
through the l@nd
a~d town hall, in
shop, on every cr~tck-
,box and In
house still rings
unanswered question
r citizen, "HOW?" (Ap-
}
The ocrat
There rea~n ~hen ~or
citizen o~ eRher
stupld.Ry a~nd much less
is there now for m~ch susl~l-
c'ion, and %he ~repeat~ preposition of
the l~opocratte~rty t~ this campaign
to cheapen th~American dollar is act
omly an affro~ to every honest ca1-
zen, but Is a n~st a~rl~ward and rid~c-
ulous presuml~on aghast the intelli-
gence o~ an.~n)i1~tened ,people. ~tax-
tied and ~nazed by %he tmwor~hy and
dlshones~ prop~Rlon two years ago,
the most enlightened and patriotic
dem~cr~t~s of the nation :moved Indig-
nantly from under ~he banner of fraud
and foolishness and boldly proclaimed
their purPose to assist in defeating the
dangerous 'and ~gnominlous scheme of
repudiation and dlsho~or. (Aeplausg.)
Refusing ,to partlcll~te in the pro~ec-
Lion of unending peril for the sake of a
possible political victory, they register-
ed their names with their former 1)o-
litical antagonist~ retaining their self-
respect and saving the honor of their
country. (Appl ~me.) A few, equal-
ly con,scious of #din danger 'that
attended such a;~yo]eet, played with
~he fire ~t ~;blin~ ~naticism,
and let their" ~ountrY take the
awful of dimfioimr and dis a :
%
Thc Scheme Thwarted
Fortunately the ealam~Ity that manet
have ~ttende4 ffhe success of such a
scheme in 1896 was thwarted and the
s~tandard of value fin America, which
is 'the token of integrity, is known in
the markets of the world today as
25.8 grains ~f st~nd:ard gold 900 fine,
(Applause.) Let ~the $1,400,000,000
recently subscribe4 hy our own
people ~Ltest ~hat fact. Does
any one suppose 'that more
than ,three ~hun~lred thousand of our
citizens would have become voluntary
suhscribers for bonds 'ff there ,had'been
any suspicion t'ha% 'the nation's obM-
gaLl'One, would ,be d'iscoun~ed? Does
any one believe for a momen~t, that if
the .so-called Teller re~olu~i'on, sue-
ported by lhe popoeratie yaxty in the
last session of c*o~grees ~md opposed~
by the republicans, h.ad bebome a law,
that the recent call for ~, popular loan
of $200,000,000 would ~have teen re-.
sponded to by su~bsoripZlons agK~egat-
lug seven times the amount of the
call ?
~v'ho can estimable the credit that
is due the in~tell]gence un~l honor of
the American citizen, who, stricken
by ~u popocratic pan'ic, refused to take
an opiate of finance which would only.
have deadened his conscience long
e~oflgh for hI~ to ,imagine
his debts were liquidatei, only
to awaken '~o the ,terrl~hle realLzation
that he had lost his credit and stained
the nation's honor ~or all time?
(Applause.) I ~al2 the i~tegrlty
and enllghtenmen~ of ~he ave-
rage citizen of~he United
~tates. If in 'the sea of (fi~lvion th~
illustrious history of American pro-
gress and achievements should ever
be lost, if only the record of honor
m~ade ,by ~he ~vevag~ citizen in 1896
(to ~ repea'ted in 1898) should be res-
cued by the arehaologist, tt wduld ~be
On July 1 of this year it was $24.74.
The gold in circulation in this country
July 1, 1896, was $456,128,483, On July
1, 1898, it was $660,959,880, the larg-
est circulation of gold ever known in
our history. 'The total money in cir-
culation in the Uuited States on July
1, '96, 'was. $1,509,725,200, and on July
1, 1898, it was $1,843,455,749--being the
largest circulation per capita ever
known iff ou~ history. (Applause.)
Not only has the industrial condi-
tion* of the country bee~ so improved
that l~hor has been taken out of the
charge of charity and restored to the
independent po~ition of lucrative em-
ployment, but the money of the coun-
try ~hleh 'had been driven into hiding
by the reckless propositions of tnex-
perience~ and irresponsible revolu-
tionlsCs, has been carried on the waves
of con~Idene~ into the various chan-
nels of investment which insure em-
ployment for the future.
As I said in the begl.nning, never in
our history has a political party come
to the management of affairs under
such an-~v~rse circumstances us attend-
ed the advent of the present adminis-
tration and I assert that never In the
history of any country has such suc-
cess a~Id betterment of public and pri-
vate affairs attended the efforts and
accomplishments of a political party
within so short a period of time. (Ap-
plause.)
Philosophy in Politics
There have been those who believed
that all which takes place in the world
is hy mere chance--a sort of fatalism
which no forethought or effort or in-
genuity can alter or prevent. But ex-
perience hRs exploded the doctrine of
chance. We know now that he who
toils and saves generally accumulates
a competence; that he who gives ear
to undestanding gaineth knowledge;
tha~ he who observes the laws of llfe
and takes care of the human machine
retains hls health and strength. We
have observed also that those who
are slothful an~l extravagant and in-
i.ndlgent~ come certaihly to want; that
thbse who are frivolous and hearken
not unto wisdom and who neither read
the experience of other men nor ponder
on the problems of li~e themselves, re-
poorly equipped for
to look for
y and the
"We ,have come to study
o~ Certain actions and the
definite practices. Begin-
ring first in the ordin~try affairs of
life, "this system of observation ~as
been extended into the reahn of po-
litical affairs. The result has been a
gradual lifting of the plane of AmeN-
can polities and the bringing together
of Progressive citizens who appreciate
honorable motlve~, decent methods
and la elligent proceedure--that is to
say, the affirmative element of our
citizenship, the builders, the poviders
of employment, the owners of land,
the m~n who save a little of each da~'s
earnings, who understand the neces-
sity of law and do not feel oppressed
by government or frightened by feder-
al aubhorRy, men who are the promot-
ers of e@ueation ~md have a greater
care for the f, uture welfare of the re-
public than for tem.Povary advantage
---the thoughtful, prudent, progressive
citizen Who is not willing to jeapordize
his Personal credit and his nation's
honor tomorrow for the sake of cheat-
ing somebody else out Of fifty cents
today---the American patriot, ~llllng
to ~h~re the responsibility in being an-
swerable to the future for the welfare
of his country. (Great applause.)
volutionary Remnants.
ABainst this progressive and re-
sponsible element in American life and
politics is arrayed a~ the present time
the revolutionary remnant of the dem-
ocratic party lovingly allied with pop-
ulism, arm In arm with the Indescrib-
able odds and ends that have tumbled
~n'o%~,gh to prove to future ages a glory through the riddles of polltleal con-
worthy Of ~he great r~pttbl~c In the ventlons and come out in the talllngs
closing days of the n%netee~th, ten- box, augmented ,by a few ~ncompetent
tury. (Great applause)
The Per Capita Circulation
Nat only did the Amerl~.n citizen
make a record in. 1896 tha~ glorified
the history of his country, ~ut ~ever
in all that history did he so improve
and ~be0ter financial conditions. B(~ne
of you Will rem~mher how the ~nreat
of the cheap dollar and the che@p pop-
carat drove the mon, ey of the
country into hiding, You will
remember ,that I called often-
'Lien to %he facl in %hat memoreble
cam~ya~gn of '96 that on July l~t of
t'hat year the perc~lta circula~tio~ of
money in t~e country.was only $21.18.
It was de~nonstrated ~t that time
that it would require more tha~ tea
years with the mints running at full
capacity to coin enough silver dollars
to take the place of the money they
had already driven c~t of circulation
by the threat and memaCe of cheap
money. W~at ts the situation today?
The treasury relmrt shOWS that from
July 1, '96, to July 1, '98, the
circulation of money in this country
has increased $337,000,783. On JulY 1/96,
t~e circulation per capita was $21.18.
Mldway-Flalsanos of politics, yellow
J6urnalism, sensation men, mrs mareh-
ln~ out of time and tu~e under the
last year's frayed-out and mothsaten
banner of buncombe and a cheaper
dollar. (Laughter and applause.)
'Fearful lest there should be a United
States regular left over after the war
to maintain or4er and prevent rlot,
they proclaim in their effusive platform
against ~un adequate and. necessary
standing army, thus proposing to leave
the government in the necessity o~ re-
taining volunteers to Perform whatever
garrison d~ty that may be necessary
to protect our Interests. "
Prejudice Promoters.
Seeking to create a flood-tide of
rampant prejudice among the people in
order to have the opportunity of pit-
- ferlng vote~, they charge the sickaes~
and. death of 'patriotic soldiers, whkq~
is always inevitable In war, to an ad-
ministration that has received the
plaudits of the world for its Zaarvel-