s repudiation there, yes lots of it; in fact, it is nothing but
repudiation. (Great applause.) Do you want to hear about the anarchy
part of this question? (Cries of yes! yes!) Very well, let us examine
along that line. The Democrats say that the government can coin money
and regulate its value and they will accept it in payment of a debt. No
anarchy there; no, not a bit. (Laughter.) The Republicans admit that
the government can coin money and regulate its value and make it a
legal tender. But they openly declare that they won't take it in the
payment of a debt unless they want to. There is anarchy there in
abundance, yes in great abundance. (Great and continued applause.)

Let me ask the Republicans if it is not a little strange that a law
savored with such element of anarchy and repudiation, should have been
in full force in America from 1792 to 1873, a period of eighty-one
years, and have pleased the people so well, that during all that time
no political party ever openly advocated its repeal? Is it not, I ask,
strange that George Washington, who fought so bravely for independence,
should have signed a law for repudiation and anarchy? Strange, ah, very
strange! is it not, that General Grant, when he discovered that he had
unknowingly signed a bill for the repeal of the law that they now say
would be repudiation, should have said he did not know that the law
demonetized silver, and if he had known it he would have suffered his
right arm to have been cut off before he would have signed the law.

My friends, not only do the Republicans advocate repudiation, but it
also by proposing a scarce money system is advocating confiscation of
the debtor's property, for with a large money basis, money is easier to
get than with a small money basis. Careful thought will show that easy
money means high prices, and when money is scarce and hard to get
prices are low; it therefore follows that President Lincoln was correct
when he said: "If a government contract a debt and then contract the
money before the debt is paid, it is the most heinous crime a
government can commit against its people."

We may boast long and strong of the great wisdom of our diplomats and
the brilliancy of our statesmen, but whatever they may say will never
overshadow the fact that in a people's government the people must vote
understandingly, and when we thoroughly analyze this charge of
repudiation and anarchy, we will see that it is the same old trick of