WOULD DESTROY SILVER.
MR. BRYAN MAKE3 PLAIN THE OB-
JECT OF THE GOLDBUGS,
They Would Compel This and Other
Countries to Turn From the Use of
Silver—A Scheme to Corner the
World's Money and Knslave Men.
Thirty thousand people is a conser.
vative estimate of the solid acres of
humanity gathered in High Schoo!
Square, Toledo, last evening to hear
Mr. Bryan deliver a campaign ad.
dress. Forty thousand would proba.
bly be nearer the correct figure. The
audience was very enthusiastic, and at
times its cheers became a deafening
uproar. Mr. Bryan was introduced by
Judge Lemmon, and spoke, in part, as
follows:
“Ladies and gentlemen: As] look
over this vast andience, which is meas:
ured by the acre rather than by the
head, I am led toregret that the sil.
ver craze is dying out. (Great ap
planse and laughter.) If this is what
the people do when the silver senti-
ment is on the wane, what are they gO-
ing to do when the sentiment
to increase?
‘“‘Between a gold standard and bi-
metallism, whether that bimetallism
be independent or international (cries
of ‘Independent !’), there is an impassa-
ble gulf, Those who be lieve il A cold
standard cannot politically
with those who believe in bimetalliam,
and those who believe in bimetallism
cannot for one hour remain in politi
eal nseociation with those who would
fasten a gold standard upon the hu-
man race,
“Upon the action of the United
States may depend the action of other
Nations upon the money question, It
for the destroyal of silver as a stand-
ard money succeed in this election,
and the influence of this Nation is cast
deliberately upon the success of gold,
you must remember that those
influences will be turned against
weaker Nutiors, and Nation after Na-
tion will be driven from the nse of il-
ver as a standard money to the nse of
gold alone, and every Nation that re-
joices in the demand gold may
help to increase the purchasing power
gold, and every time
the purchasing power of an ounese of
gold shall rise the prices of the pro-
ducts of human labor will fail
plause), because a dear dollar is sim-
ply another definition of
ery.
for
of an onnce of
(AD.
ciieap prop-
property ri i
You have hard times what
if these same influences sn
driviog India to
they sbonld succeed in suspen
free coinage o i
until they make g
India, Wait np
of people thie re reach
share of the world's
Where will they get it?
it from the now have
it, and they will have less. Wait un-
til these intlnences h driven China
their
SUPpDIY Of
i
They will get
or 14
=i
Nations which
AVE
of people demand their share of the
world’s supply of Where will
they get it? Fron
now have it, and they will have still
less than they have now. Wait until
they bave driven Japan and Sonth
America and all the other silver using
Nations to a gold standard and then
what? Then you have a little chunk
of gold only twenty-two ench way
when meited into eubes, and that lit-
tie chunk of gold will measure all of
the property of the gold. (Applanse.)
You wiil then have something like
§4,000,000,000 of standard money in
stead of £8,000,000,000, and those
$4,000,000,000 will be in shape where
the money can be cornered by the
great money owners of the world, and
doled out to mankind at such prices
a8 the owners shall determine. (Ap-
plause.} That, my friends, is what
the gold standard means.
‘Suppose the peopie of this city
should derive their water supply from
one great spring that furnishes water
for all the people, and that one spring
was controlled by one person, ou « few
persons, who acted in concert. What
would be the resnit? No matter how
hard times might be for all the rest of
the people those who own that spring
and fornish thet water af what price
they would, would always get along
tolerably well in this world, (Ap-
plause.)
“I believe that illustrates just what
will go on if the close ernsade in favor
of gold continues to its legitimate, its
natural, its logical conclusion, HH will
mean shat those who are able to eon-
trol the supply of the gold ot the world
will be able to dictate terms to the
rest; it will simply mean that while
the people are nominally free they
will simply be hewers of wood and
drawers of water for those who control
the money supply of the world.” (Ap-
vlause.)
i
HOG.
{on
“Labor Crucified,
The London Times has the follow.
ing, which laboring’ men, producers,
snd business men should read care-
fully :
“*It the single gold standard can be
forced upon South America and Asia,
as it has been since 1873 forced on
North America and Europe, gold mast
inevitably appreciate to st least four
times its present absurd value, or to
put it otherwise, commoditis must
decline to one-fourth of the present
price and labor all the world over, be
crucified as it was never crucified be-
fore—in days of mediaeval serfdom
or even chattel slavery, Such is the
contest. If the money lords oan forse
monometallism upon the whole worid,
they will cased 1a establishing the
most tio moneyed aristocracy
among the rich, aud the worst system
of peonage serfdom among the masses
that has ever cursed the hapless som
rs
A NATIONAL POLICY.
Why We Need the Free Colnage of
Gold and Sliver.
In the first place we beliove in bi-
metallism as a National policy. Wo
know that there was no serious dis-
turbance between the mint and mar
ket value of gilver until by legislation
its right to coinage and legal tender
was aestroyed, and the past experience
ol our country with the free coinage
of gold and silver justifies us in the
assertion that with the restoraticn of
that right to silver bullion values
will return to their old place. Until
silver was demonetized in 1873 there
was never any suggestion in the
United States as a fifty-cent dollar,
and that no silver coin turned out of
our mints ever failed to circulate at
par with gold, that consequently no
creditor ever lost a cent whose debt
was paid in silver, The people now
realize that gold monometallism was
rested and afterwards established
MIgg
in securities to the detriment of bor-
rowers and producers; and they also
recognize that the spirit of protection
played its part in the selection of gold
and the exelusion of silver as the so-
called standard of value, and that
cheap silver for its silver-using sab-
conld be secured from
commercial rivals by Great Britain
only through its demonetization, 1f
the figures of the Director of the Mint
be reliable, the combined annual silver
the gold standard
countries 18 less than half that of
United States, while the combined
annual gold product of all the silver
standard countries is less than half
that of Great Britain and her depen’
jects
produoet of all
the
£
deuncies, a fact which the gold standard
membersof the British Monetary Com-
made good use in their
celebrated report
We repudiate the charge thst the
‘silver barons” of the West {in {frath
the majority of them in the East) are
seeking by unjust legisiation to de.
baueh the National or that
sor prompt
behalf,
interested in
as the gold miners
tight to be,
an admission
1 that free coin-
ion value of
wneement of its value,
beneficial to the
mparatively so to every
he land, if there be any
mie that an
and stable circulation raises
As at
red from silver min-
to others. For ex-
OWRoers
i
mission
<
lid motives of pe
the agitation
' OWnH
in
rs
are
1110at t tls
qu “ion, just
and have a The
involves of the
bull
mnaxin
es business,
of the
profit on the out
did Great Britain
that vear
Meaxico
i
from
pon her pnreh
be United States and
1,
at ao
other
y :
in fine bara at a
for her India subjects;
which she
ratio of 15 to 1
a profit realized at our expense and by
the operation of laws evidently mad:
for her benefit,
id Ler dependencies
produce silver instead of gold, every
advocate of “sonud money” in either
bemisphere would denonnee the che ap
end nasty vellow metal and all
tal
ulvocated its use in the monetary uso
who
It if true that onr gold output is
y isthe percentage of its
mmption in the aris and indans
Bo ure the hoardings of the
military Powers and bankers of
Ho is the gbsorption by Great
lune proportion of the
of gold. Bo is the in-
the ereditor for
So 13 the absences of it from the
in-
con
of
In 1801.92
I Great Britain at
te gold eoinage of
¥
i
that the rest of
Her van carrra gold coin-
than
be world.
She is reaching out
oduct into her capacions maw, We,
her only rival, her superior in «ll that
and accept her policy to the end that
but to suggest that our wisdom and
statesmanship are inferior to her own,
iat her monetary system is the per-
fection of humen reason, that her su-
premacy is caused by the eolor of her
money, that philaothropy has been the
lode star of her wondrous carver, and
that sho can be eclipsed only by imi-
tation, and our rdlers become the pas-
five creatures of her scheming ambi-
tion,
No country producing half as much
gold ns the United States ever estab-
lished silver monometallism, No coun-
try producing half as much silver ever
established gold monometallism. None
but a creditor country ever began the
scheme of demonetizing either. The
sficcess of such a scheme is only possi-
ble through the co-operation of its vio-
tims. Its overthrow is essential to the
lasting independence and prosperity
not only of the South aud West, bat
of every section of our Union.
With the history before us of thirty
centuries of mining, we know that an
injurious and excessive inoresmse of
motallic money has never ocearred,
We may feel assured that it never can
occur, because the cnlargement ol
commercial exchanges, which results
from an increase of money, speedil
restores the equilibrium, —New Yor
Saburban.
Can the United States Do It}
Any Nation which is the equal of
England can Co for silver what Eng-
land has done for gold. The Unitet
States oan do it, and the duty rests
with her. The Government should
make the citizen's dollar worth eom-
mercially what it says it is worth, —
Topeka (Kan.) Journal, :
LABOR AND COMMODITIES,
Why Wages Must Rise Under Free
Colunge of Sliver,
Many workingmen fear that nnder a
law for the free coinage of silver tho
prices of the necessaries of life would
rise #0 much faster than their wages
would be increased, that in the end
they would be the suflerers. This is
not the experience of the past, The
prices of the prodnot of labor always
have risen with wages, and they al-
ways have fallen together, The price
of the necessaries of life constitntes
the wages of the producer. The price
of wheat is just as much tho wages of
the farmer as the so much a week is
only difference being that the farmer
| deals directly with the market, whereus
the factory hand deals with it throuzh
a middleman, his employer.
It is important to repeat the truth
that the Jaw of supply and demand
| governs tho prices of labor, that is,
wages, If the producers of the neces.
saries of life get twice as much money
for their product, they will create
twice the demand for other products
| Mlabor., This e untry ean no more
| prosper unless these producers, by
far the largest factor in this commnn-
| ity, have more money to spend than
4 mau ean prosper with half his body
paralyzed. The increased domand by
the produvers of the necessaries of
life is absolutely necessary to every
WAZe earuer, Without this demand
| his wages cannot rise.
| The important and serions point for
workingmen to consider that the
prosperity of the farmers and cotton
growers of this country is not ouly a
hepe for them, but their only hope,
Without an increase in that prosper.
ity their wages cannot rise. If that
rise comes quizkly, so mueh the bet.
ter. But, so long
|
is
as the prices of the
to-day, nothing
the prices of labor,
workingman Labor
may struggle heroically to keep wages
i from going down, and may o
tendency to all for a time
the increased demand
of the toil of their
labor organizations
Fife wages,
Lot the providers of the necessaries
{ of life get more money for their pro-
dnet, and they will spend that money
The farmer who gots a few
dollars more nesds a thousand
He will not wait a
minute for what he wants after getting
the money with which to buy, Direct-
ly he buys, other workingmen feel
First nnemployed
nel :
3 4
De wpl ved * Hen
ean rise, generally,
f the
organizations
the wages o
eck tha
, hut without
for the products
members, all the
ho world cannot
1
iid
at once,
hn Aart
hundred
and one things
the
labor will
Tise,
Again let it be said that this is not one
process by which workingmen
1t ie the only 3!
free silver admit tl
the necessaries of life
ir
deman i,
wages will
may be
benefited . one pos i
» ” §
nis of
Oppone
the price of
rise, in the hope of
{ workingman., In making
sion, which they hardly can help do-
ing, they have refuted their own ar-
guments ; they have shown the work
Ingman tho only road of progress
There has been no mors hopefal
sign and abundant proof of the progross
of humanity inthe whole, long history
of this world then the earnest and in-
telligent way io which the workingmen
of this country, those who work with
their heeds as well as those who work
wilh their hands, have entered upon
the study ‘of the silver question, the
most important political question now
before all the Nation the world.
The skill and intelligence which com-
| mands higher wages in the workshop
| Joay also be used at the polls to bring
higher wages to every workingmsn, —
Harold Johnston.
the admis
of
Money’s Narrow Basis,
:
| The only money in the country is
| the goid estimated at between £300.
| 000,000 and 8$600,00 L000, bat in fact
probably much less, All other forms
of currency are in fact or in practice,
promises to pay money. The silver
movement has for its purpose an in-
| crease of the amount of actual money,
and nothing else.
Putting the highest estimate on the
amount of gold in the country, thers
; would then be less than $10 per capita
on which to carry on the business. It
is customary to use all the currency
| 88 a basis in estimating the per capita
circulation. Such a course is no more
| justifiable than it would be to include
| all bank checks, promissory notes and
| drafts as a part of the circulation.
| They, like greenbacks, National bank
| notes and Treasury certificates, are
| mere promises to pay money, which
| is gold, and in which all other medi-
ums of exchange must be finally re-
deemed.
Silver men think the monetary basis
is too narrow for the superstructure,
~Topeka Journal,
Japan's Business Doom,
Tn 1878, in Japan, an ounce of gold
bought 154 ounces of silver. In 1893
half an ounce of gold buys 15} ounces
of silver. Prices in gold standard
countries are ealonlated in gold value,
The Japanese manufactarer can, there:
fore, make goods in that country, send
them to the United States, sell them
for half the gold price of 1873, get
with that gold as much silver as he
did in 1873, take that silver to Japan
and with it parchase as much of
Sverything 88 he ever did and pay as
much debts and taxes as he ever did.
As gold rises still her in valine,
same market the Ameri.
afackurer must come down in
oe, although his debts and tazes
pr Jot Sous down. This iA the secre
o recent importations of Japanese
goods at prices that have alarmed one
manu :
SILYER NUGGETS,
There is no vollow streak
Bryan's white metal speeches,
——
abont old enough and
and strong enough to
in Mr,
.
Amerion is
big enongh
stand alone,
A good many gold newspapers seem
with 53-cents facts.
The term ‘‘sound money” is tho
most dangerons and wicked deception
that the proliie brain of speculators
ever promulgated,
The indictment brought against Mr.
Bryan is that he does not consider a
American citizen,
If, as the qoldbugs say, the fight for
wound money is in the interest of the
wage workers when were thair employ-
rs seized with this sudden desire to
sacrifice another slice of thei: ofits
to their employes?
Bryan is in favor of o
{ without the consent of
| Kinley will coin silver i
it. Which
| patriot? Work for
| England attend to
Abun
silver and good } li
in every department of
nanufactures, emplo:
ving wages for the artisa:
| prices for the farmer
low
America
her own business,
made up of gold
IANS Act
§
trade
Let all friends of bimetallism
{ halt to
thoulder to
internecine strife and stan
i
1 si % : ry
sponiGer agaiust toe com-
Amerioan libert
perity, American
fe American
lustitutions,
pros-
Senator John Sherman
coinage of silver
prices of farm products,
the i
wonid Honey
w
mach
Oo mors
anyih.ng”
WW ny
i every way, if
SO
If
*avings bat
fron
si
of depo
FH HN
¥ :
1 4 3
ind thereby
¥ ' i Ud, why 14
i ’ Thal
th
fo
we banks, whe
make money, a
to free
Shae
le that is just the op
England's grip on
: 43 A $8
on shough ob
AT y ne rinat
el means, rust
it takes the Ia
{ of your house.
tal
Every attempt to res
very appesl pointing «
flects which
monetization,
fought back T
have followed
has
he
time and time again
try it, all the gold
fou try it, there will
which 1s precisely as
people had a man in an
and had exhausted nearly
and stood with one !
pump bandle, sayingto b
dare to kick, we will give vor
taree strokes aud take away what air
you have.”
— acst— i ———
Widespread Disaster,
aRaqg
The demonelization of silver has re-
sulted in widespread disaster to the
citizens of the United States. Thirty
years ago this was a prosperous coun-
try; everybody was employed ; money
was plentifal and easy to get; there
were no tramps and few millionaires,
To-day the masses are poverty -strick-
en; thousands of tramps roam the
country: work is scarce and emall
wages ave paid; thirty thousand mil
lHousires own nearly everyibing.
condition of the people iz fearful. Few
newspapers ever mention the truo
state of affairs —Little Rook (Ark.)
Gazette.
———
MeKinley’s False Statements,
“Work and wages have been out in
two,” said Mr. McKinley to the West
Virginia editors. Isn't it dangerous
tc make wild and seil-evidently false
statements such as this? Do they not
tend to cause people to suspeel that
the man who utters them is either a
foolish fellow who never kuows what
he is talking about, or else a person
who is reckless with the truth? The
truth never needs the crutches of ex.
aggeration, and their nse is a confes.
sion that toe t1ath is vot there —New
York World.
A Ho
—————
«Harrison Speaks for McKinley.”
a
WILSON Lol A SUCCASS
FOR REVENUE AND PROTEC.
TION TO LABOR.
AMPLE
PDs Witt
of the
Thar
Member
Congress
BL
Mr. McKinley begins the unfortun-
nte high-protection portion of bis let.
Warner, a
Committes of
Framed the “Wilson
December, 1892, under the tariff act
8 condition
| perity,
of extraordinary pros.
He cites from President Har-
| tween October, 1800, and October 42,
| had been established snd 108
| sions had of existing plants, and that
| during the first six months of the cal-
|endar year 1892, 135 new factories
iad been built, The facts wero
the two preceding years had
those of steadily increasing industrial
tepression. Omitting all instances of
labor troubles the cause of which was
tl or ciearly other-
ther
wise 3d, there has been
3
been
doubtfal
classifi
to he i
3
i
| soliated and pub ished as a challenge
| to protectionists, with date and pl
and circumstances in eae nearly
iva hundre re
iuetions during those very two years,
ith strikes against them or
ployers in order to foree acos pt-
The number of new plants and
1
ni
ctories and extensions of h quoted
S00
1 CASE,
f
instances of wage
nls
yy him from President Harrison is so
tiv, of this coun
ind the myriads of industries
account, to
{trifling offset to the terrible recor
pe when the size
iis
inken nto fas be
f disaster then daily being dd
§
sh enBl
MOE
» of Mo ley leg
ler things,
As proof of Democratic lepravity
Mr. McKinley then quotes from Presi-
i ¢ of August 8
ne
ealily a humilis a
sialiou
ent Cleveland's messac
43. It correctly oh t
i antry eight months
idition, still wad
Ba. reac
BE Was Callie
in arasterized
OO BAVYe
repeal
» Sherman
started by the twin
tora,
Mr. MoKinley says that from 1
Live
Wo A832 we had “a prote tarill un-
I Ample revenues
(Gover
al were col.
and an ac-
thes
for two
wil
ected for the
: rT ii sen
smulating sarpine” Of
ue was responsible only
“w 1892—during which his
So far {rom a surplus sc-
under his bill the ansusl
fallen from $106,000,000
{in the vear Delore the passage of the
McKinley bill) to $37,000,000 in
first ¥ ite operation, to $10,000,
ue secon i Year, anda « $4,950 )
bird year, and had turne
Win 1504, tho
its repeal.
demorslization of onr
Years
- 1830
law was in
the
i
it of 860.000,0
last year belore
Sach is the
finances, resulting from Republican
legislation, with which our ecommerce
a
Years; ana
which, charging
to the Wilson bill the
make the Me
by comparison,
| strives to
{ tolerable
inioy
7
are not
| the best proof that he is wrong. That,
shows how much
{ Sherman act.
tariff with failure to
suflicient to satisfy the needs of Gov-
{ ernment.
| tariff it should be so fixed as to remain
| without substantial change for a con-
| siderable period, say eight or ten
| years? If this be true, must he not
| also admit that ite rates should be so
adjusted, not in view of the maximum
revenne probable under exceptional
prosperity or to the nossible minimum
under an extraordinary depression,
but to the probable average of condi-
tions during the entire term contem-
Iated? To adopt the Jatter measure,
r. MoKinley muet admit, wonld be
wantouly to overtax our people and
derange their finances by locking up
in the Treasury au increasiog propor.
tion of our inelastic cirenlation.
The monthly receipts and expendi-
tures of our Guverament each vary ro
muob, both in fact and in relation to
each other, that any argument drawn
from comparing single months would
be misleading. But if we take the
first complete year nuder the opera:
tion of the Wilson bili (the one ending
June 30, 1898, aud one of extraordin.
ary depression) we find the deficit for
the whole year to be some $26,000,
#37 oniy. Even during that year not
merely had our pension expenditures
shown the beginning of a decrease
which must rapidly accelerate, but our
postal receipts had shown such a
tendenoy to increase as, through these
two sources alone and without any im-
provement in business, to turn the
defleit into a surplus before the sot
shall have lasted half of its natural
tutes no excuse for attempting to meet
limitless waste by pitiless taxation,
And if for avy reason it becomes
desirable to provide for more revenne
ore the two articles which —the one in
clothing and the other in food —have
al] those consumed Dy our people, and
which the poor the
rich are most nearly on a par ss to per
capita cousumotion ; and anon which,
therefore, anuy tax is idealiy vicious
pro-
nnd
Even were Mr. McKinley correct in
is
"Ire . +
purposes,
in-
his
taxutfion
when
for revenue
now 10
none the
adequate
proposal increase
loss absurd
the Treasury.
ar it counts
8270,000,000,
1,00 in addit
1d
this fiscal ve
BOwme
8170.00
of the receipts
bad been ns
-8% they 3
pre ssed as it has Leet
ir
such cond
ABUTY WAS
§
Treasury at
more than
circulant
the
without any
Asn
Tre
solely
nied Slate
higher than in
this $3.78 diff
ports show the labor cost then to have
been on the average well under 25 per
cent., while bill protects
them by duties averaging 40 per cent.,
and adding
giving
total la
with such
3 149 ¥
tae Ywiiscn
or, with every allowance
nothing transportation),
protection ol more than the
bor cost, If, in fact, labor,
» tariff, is not sufficiently subsidized,
even from the protectionist stand-
point, would it not be well before pro-
posing further tsxation to find ont
what proportion of the tariff tsxes la-
bor and into whose
pockets goes the balk of the ““protee-
tion” cisimed to be imposed for la-
bor's sole benelt?
Joax De Wrrr Wanxexz,
dow
+O
¥
actually gets,
snr —-..
Farmers and the Nail Trast,
Each keg of nails used by the farm.
ers this year will cost more than twice
as much as laet year. The highly pro-
tected pail trust will make fortunes
for the few firms which control the
vail industry, How will that help the
farmers?
A PERILOUS FEAT.
Three Wheeimen Perform Foolhardy
Antics on the Starucca Viaduct,
Three New York wheelmen, en route
to Chicago, a few days since rode at a
rapid pace across the coping of the
great Starucea viaduct at Lanesboro,
Pa. When in the center of the struc.
ture they waved their hats at a picnic
party below, which watched their fool.
hardy antics with breathless interest.
The breaking of a portion of a wheel
or the swerving of a few inches and
A FOOLRARDY FEAT.
the rider would have been hurled down,
into the flelds below, a distance of over
100 feet. They were the firsi venture.