Emerson on Sound Money: A Speech, 1896Emerson, Willis George
History
Emerson on Sound Money: A Speech, 1896
Emerson, Willis George
Currency question -- United States; Silver question
Upon these issues the Republican party comes confidentially to the
people, asking for their suffrage, appealing not to their prejudice but
to their reason, not to their passions, but to their judgment. In
this holy crusade we are lead by that valiant champion of the people's
rights, "that advance agent of prosperity," Maj. William McKinley. On
the other hand we find the Bryanized democrats, populists, and believers
in Coin's Financial School arrayed in a solid phalanx against these
cherished principles which we so ardently believe in.
WILSON LAW CLOSED FACTORIES.
The repeal of the McKinley law in 1893 closed down factories and
manufactories by the hundred and deprived tens of thousands of American
workmen of employment.
UNDER THE OPERATIONS OF THE MCKINLEY LAW THE WAGE EARNERS OF THE UNITED
STATES WERE RECEIVING EVERY SATURDAY NIGHT A LITTLE OVER $41,000,000.
UNDER THE OPERATION OF THE WILSON LAW THEY ARE RECEIVING A LITTLE LESS
THAN $19,000,000 AS A SATURDAY NIGHT PAY ROLL, A FALLING OFF OF OVER
$22,000,000 PER WEEK TO THE WAGE EARNERS OF THIS COUNTRY.
If you ask me what has been the most unfortunate and appalling result
of this wonderfully shrunken pay roll, I will answer by saying that
American workingmen by the thousands have lost the roof that covered
their heads for themselves and families, have been turned into the
highways and are beggars to-day in the most unfortunate sense of
the word. The questions of free trade and protection however, have
practically been relegated into the background this year, and the
sixteen-headed monster of free silver pushed to the front.
FELLOW CITIZENS, FREE TRADE AND FREE SILVER ARE TWIN SISTERS OF INFAMY,
THE ASSERTIONS OF MR. HARVEY TO THE CONTRARY NOTWITHSTANDING.
It was the province of the Republican party four years ago to send forth
its protests and warnings against free trade, and to-day with equal
vehemence it is sending forth its warnings against destroying the high
standard of our nation's finance, and reducing this country to a second
class basis of silver monometallism.
BREAD AND BUTTER THE ISSUE.
FELLOW CITIZENS, THE PAPER ISSUE IN THIS CAMPAIGN IS ONE OF FINANCE,
BUT THE REAL ISSUE IS ONE OF BREAD AND BUTTER. FREE TRADE DURING THE
LAST THREE YEARS HAS PAUPERIZED ITS TENS OF THOUSANDS, BUT THIS FREE
SILVER CRAZE, IF PLACED UPON OUR STATUTE BOOKS, WILL PAUPERIZE ITS
HUNDREDS OF THOUSANDS.
Public-domain text, read in full here on John Shaqi.
Emerson on Sound Money: A Speech, 1896 — John Shaqi
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