When we had no railroads, we drew, as I said before, our grain two hundred miles to market.
In those days the farmers did not stop at hotels. They slept under their wagons—took with them their food—fried their own bacon, made their coffee, and ate their meals in the snow and rain. Those were the days when they received ten cents a bushel for corn—when they sold four bushels of potatoes for a quarter—thirty-three dozen eggs for a dollar, and a hundred pounds of pork for a dollar and a half.
What has made the difference?
The railroads came to your door and they brought with them the markets of the world. They brought New York and Liverpool and London into Illinois, and the State has been clothed with prosperity as with a mantle. It is the interest of the farmer to protect every great interest in the State. You should feel proud that Illinois has more railroads than any other State in this Union. Her main tracks and side tracks would furnish iron enough to belt the globe. In Illinois there are ten thousand miles of railways. In these iron highways more than three hundred million dollars have been invested—a sum equal to ten times the original cost of all the land in the State. To make war upon the railroads is a short-sighted and suicidal policy. They should be treated fairly and should be taxed by the same standard that farms are taxed, and in no other way. If we wish to prosper we must act together, and we must see to it that every form of labor is protected.
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.
The farmers should vote only for such men as are able and willing to guard and advance the interests of labor. We should know better than to vote for men who will deliberately put a tariff of three dollars a thousand upon Canada lumber, when every farmer in Illinois is a purchaser of lumber. People who live upon the prairies ought to vote for cheap lumber. We should protect ourselves. We ought to have intelligence enough to know what we want and how to get it. The real laboring men of this country can succeed if they are united. By laboring men, I do not mean only the farmers. I mean all who contribute in some way to the general welfare. They should forget prejudices and party names, and remember only the best interests of the people. Let us see if we cannot, in Illinois, protect every department of industry. Let us see if all property cannot be protected alike and taxed alike, whether owned by individuals or corporations.
Where industry creates and justice protects, prosperity dwells.