People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1892-07-29

cash than ever it had been previous to
1851. 1t is also true that there is a
larger demand than formerly for money
but making the most liberal allowance
for the unwholesome demand arising
from these causes it is apparent that
there is a great redundancy of cur
rency."
There was your condition at the
close of the war with your two bill
lions of money. The secretary in
this report recommended contrac-
ton, and Congress followed it in
1866 authorizing contraction of the
currency. That was the amount of
money you had in the North of va
rious kinds. Only two billions of
money among twenty-five millions of
people. | know what | am talking
about, and have discussed this ques-
ton over and over again and have
heard the answers thousand times.
How much was that per capita for
twenty five millions of people
Eighty dollars per capita for the
people who were using it. Twenty
five millions of people.
Now then, you have been back
with me long enough in the dreary
shadows of the past. Now come
back with me to this blessed year of
our Lord 1892. Here's where we
live. Thank God we are still alive
and have been permitted to witness
the wonderful progress that has been
made under the stars and, stripes since
we cemented the union together and
removed the disturbing cause which
led to that fratricidal war. We are
here now and | want to ask you an
other question. How maay people
have we now using the n o ley IN cir
culation under the flag? Sixty-four
millions by conservation estimate.
Take twenty-five millions from sixty
four millions and how many does that
leave? Thirty nine millions. My
brethren do you comprehend today
the circumstances of this republic
Do you comprehend that we have
thirty nine millions of people added
to our money using population snce
the bugles of those armies called us
to peace? This is more than $50
per cent. more people using that
money today than were using it when
the war closed. Let me give you a
rule, a maxim which I hope you will
never forg g..
1 CARE NOTHING ABOUT YOUR POL
I address you as men and women.
Though you differ from me [ have
not a word of criticism for you or
abuse of your parties. do not be-
lieve in that kind of politics. SO far
as my voice and influence shall 60
during this campaign tt ere will be no
personalities. (Applause.) It will
be confined to a discussion of the
great interest Of sixty-four millions
of people, and for the countless pos
terity whose feet are soon to light on
this continent. Our children and
children's children will be here with
in the next twenty years. A hundred
million will he here; they and their
posterity forever. How many peo-
pie have we now using this money? ga
millions. I pause to ask if there is a
gentleman here who will contend
that you can make such tremen-
dous addition to our money using
population as that without calling for
an addition to our morey supply
Let me give you that maxim now :
1.-The demand for money is equal to
the sum of the demand for all other
things" Let me repeat it: "The
demand for money is equal to the
sum of the demand for all other
things" No man demands or ex-
PEGS meal of victuals at a hotel
without first thinking of the money
to pay for it. You don't beg your
coat; you buy and pay for your coat,
or promise to pay for it. The horse
is worth so many dollus the COW
so many dollars the bonnet so many
dollars; the dress SO many dc liars
the suit of clothes so many dollars.
The demand for money we repeat, is
equal to the sum of the demand for
ali other things. Now, do you sup
pose that you can add 100000 of
pt ople to our population without in
creasing the demand for money
"Well," but says some one, ''haven't
we as much money now as we had
at the close of the WARP" Come, my
brother, stop mounting. AS much
money now as we had at the close of
the war! Suppose | had only as
much money in my family with nine
people to eat as ] had when there were
only two of us-with seven adde d
and the two old people hearty, and
say | have only as much to feed the
family on as I had before the chill
dren were born, can [ do it? DWELL .
but says some one, 'haven't we more