The Ghosts, and Other LecturesIngersoll, Robert Green
Religion
The Ghosts, and Other Lectures
Ingersoll, Robert Green
Free thought
There has been a long period of depression in all business. The farmers
have suffered least of all. Your land is just as rich and productive as
ever. Prices have been reasonable. The towns and cities have suffered.
Stocks and bonds have shrunk from par to worthless paper. Princes have
become paupers, and bankers, merchants and millionaires have passed into
the oblivion of bankruptcy. The period of depression is slowly passing
away, and we are entering upon better times.
A great many people say that a scarcity of money is our only difficulty.
In my opinion we have money enough, but we lack confidence in each other
and in the future.
There has been so much dishonesty, there have been so many failures,
that the people are afraid to trust anybody. There is plenty of money,
but there seems to be a scarcity of business. If you were to go to the
owner of a ferry, and, upon seeing his boat lying high and dry on the
shore, should say, "There is a superabundance of ferryboat," he would
probably reply, "No, but there is a scarcity of water." So with us
there is not a scarcity of money, but there is a scarcity of business.
And this scarcity springs from lack of confidence in one another. So
many presidents of savings banks, even those belonging to the Young
Men's Christian Association, run off with the funds; so many railroad
and insurance companies are in the hands of receivers; there is so much
bankruptcy on every hand, that all capital is held in the nervous clutch
of fear. Slowly, but surely we are coming back to honest methods in
business. Confidence will return, and then enterprise will unlock the
safe and money will again circulate as of yore; the dollars will leave
their hiding places and every one will be seeking investment.
For my part, I do not ask any interference on the part of the government
except to undo the wrong it has done. I do not ask that money be made
out of nothing. I do not ask for the prosperity born of paper. But I do
ask for the remonetization of silver. Silver was demonetized by fraud.
It was an imposition upon every solvent man; a fraud upon every honest
debtor in the United States. It assassinated labor. It was done in the
interest of avarice and greed, and should be undone by honest men.
Public-domain text, read in full here on John Shaqi.
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