When our money is below par we feel below par.
We cannot bring prosperity by cheapening money; we cannot increase our wealth by adding to the volume of a depreciated currency. If the prosperity of a country depends upon the volume of its currency, and if anything is money that people can be made to think is money, then the successful counterfeiter is a public benefactor. The counterfeiter increases the volume of currency; he stimulates business, and the money issued by him will not be hoarded and taken from the channels of trade.
During the war, during the inflation—that is to say, during the years that we were going into debt—fortunes were made so easily that people left the farms, crowded to the towns and cities. Thousands became speculators, traders, and merchants; thousands embarked in every possible and conceivable scheme. They produced nothing; they simply preyed upon labor and dealt with imaginary values. These men must go back; they must become producers, and every producer is a paying consumer. Thousands and thousands of them are unable to go back. To a man who begs of you a breakfast you cannot say, "Why don't you get a farm?" You might as well say, "Why don't you start a line of steamships?" To him both are impossibilities. They must be helped.
We should all remember that society must support all of its members, all of its robbers, thieves, and paupers. Every vagabond and vagrant has to be fed and clothed, and society must support in some way all of its members. It can support them in jails, in asylums, in hospitals, in penitentiaries; but it is a very costly way. We have to employ judges to try them, juries to sit upon their cases, sheriffs, marshals, and constables to arrest them, policemen to watch them, and it may be, at last, a standing army to put them down. It would be far cheaper, probably, to support them all at some first-class hotel. We must either support them or help them support themselves. They let us go upon the one hand simply to take us by the other, and we can take care of them as paupers and criminals, or, by wise statesmanship, help them to be honest and useful men. Of all the criminals transported by England to Australia and Tasmania, the records show that a very large per cent.—something over ninety—became useful and decent people. In Australia they found homes; hope again spread its wings in their breasts. They had different ambitions; they were removed from vile and vicious associations. They had new surroundings; and, as a rule, man does not morally improve without a corresponding improvement in his physical condition. One biscuit, with plenty of butter, is worth all the tracts ever distributed.
Thousands must be taken from the crowded streets and stifling dens, away from the influences of filth and want, to the fields and forests of the West and South. They must be helped to help themselves.
While the Government cannot create gold and silver, while it cannot by its fiat make money, it can furnish facilities for the creation of wealth. It can aid in the distribution of products, and in the distribution of men; it can aid in the opening of new territories; it can aid great and vast enterprises that cannot be accomplished by individual effort. The Government should see to it that every facility is offered to honorable adventure, enterprise and industry. Our ships ought to be upon every sea; our flag ought to be flying in every port. Our rivers and harbors ought to be improved. The usefulness of the Mississippi should be increased, its banks strengthened, and its channel deepened. At no distant day it will bear the commerce of a hundred millions of people. That grand river is the great guaranty of territorial integrity; it is the protest of nature against disunion, and from its source to the sea it will forever flow beneath one flag.
The Northern Pacific Railway should be pushed to completion. In this way labor would be immediately given to many thousands of men. Along the line of that thoroughfare would spring up towns and cities; new communities with new surroundings; and where now is the wilderness there would be thousands and thousands of happy homes.
The Texas Pacific should also be completed. A vast agricultural and mineral region would be opened to the enterprise and adventure of the American people. Probably Arizona holds within the miserly clutches of her rocks greater wealth than any other State or territory of the world. The construction of that road would put life and activity into a hundred industries. It would give employment to many thousands of people, and homes at last to many millions. It would cause the building of thousands of miles of branches to open, not only new territory, but to connect with roads already built. It would double the products of gold and silver, open new fields to trade, create new industries, and make it possible for us to supply eight millions of people in the Republic of Mexico with our products. The construction of this great highway will enable the Government to dispense with from ten to fifteen regiments of infantry and cavalry now stationed along the border. People enough will settle along this line to protect themselves. It will permanently settle the Indian question, saving the people millions each year. It will effectually destroy the present monopoly, and in this way greatly increase production and consumption. It will double our trade with China and Japan, and with the Pacific States as well. It will settle the Southern question by filling the Southern States with immigrants, diversifying the industries of that section, changing and rebuilding the commercial and social fabric; it will do away with the conservatism of regret and the prejudice born of isolation. It will transmute to wealth the unemployed muscle of the country. It will rescue California from the control of a single corporation, from the government of an oligarchy united, watchful, despotic, and vindictive. It will liberate the farmers, the merchants, and even the politicians of the Pacific coast. Besides, it must not be forgotten so to frame the laws and charters that Congress shall forever have the control of fares and freights. In this way the public will be perfectly protected and the Government perfectly secured.
Look at the map, and you will see the immense advantages its construction will give to the entire country, not only to the South, but to the East and West as well. It is one hundred and fifty miles nearer from Chicago to San Diego than to San Francisco. You will see that the whole of Texas, a State containing two hundred and ten thousand square miles; a State four times as large as Illinois, five times as large as New York, capable of supporting a population of twenty millions of people, is put in direct and immediate communication with the whole country. Territory to the extent of nearly a million square miles will be given to agriculture, trade, commerce, and mining, by the construction of this line.
Let this road be built, and we shall feel again the enthusiasm born of enterprise. In the vast stagnation there will be at last a current. Something besides waiting is necessary to secure, or to even hasten, the return of prosperity. Secure the completion of this line and extend the time for building the Northern Pacific, and confidence and employment will return together.