And right here let me call attention to the fact that in that one word "stability " I there is more virtue than in all the arguments that you have produced on your side of this question. We are suffering more by reason of fluctuations caused by foreign intervention and speculation than from any other reason under the sun. We must shelter ourselves against the baneful influences of pauper labor. cheap foreign capital. barbarous nations. and despotic governments. Cheap capital is a more potent factor in the question of political economy than labor itself. I may disagree with some of my friends on this side of the House. but I repeat it. capital. by reason of our modern inventions. by reason of our utilization of the elements of nature. electricity. wind. water. and steam. is becoming every day a more potential factor and labor is relatively becoming a less powerful one.
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pauper labor