The Louisiana populist., 1895-08-09

%. Free coinage of silver at q fixed
quantity to constitute a dollar pro-
tects silver against market huctua-
tions and the manipulations of bulls
and bears, placing it on the same
basis as gold in this respect.
"a. There has never been at any
moment in the worlds history a
superabundance or plethora Of the
two metals, or either Of them, not
even during 1S61-65, during which
quarter of our century the supply
from the mines amounted to as much
in weight as has been produced for
$50 years antecedently.
%. The demand for money is equal
to the sum OF the demand for all other
things. The competition for money
is therefore not only incessant, but
instant, urgent importunate and uni
versal. 1t is. therefore, mistake to
say that the demand for money is
limited by the demand upon bankers
for loans. There may be, however.
plethora OF loaning money at money
centers when industries are arrested.
26. Wherever there have been OPP
pressed people who have looked to
this nation for hope and help in the
past they are now looking TO free
America for relief, in the midst of
the struggle against gold monomet-
allism. We have it in our power to
relieve them and enhance our own
greatness and the peace and pros
perity of the world. Shall we do it?
"a. When any important country,
powerful enough to have the proper
Influences, establishes a bimetallic
currency at a fixed ratio and main
tains the parity, of necessity the
whole world is on the same bimetallic
basis.
2S. The United States is great
enough and has sufficient resources to
undo the wrong OF 1873, and, as in
1776 we proclaimed the political
emancipation of mankind, so now we
will proclaim financial emancipation
from the Shylocks of the old world.
29 We believe as Carlisle, the
present secretary OF the treasuary,
believed when, on February 2l, 1873,
he said in the congress OF the United
States: Il know that the world S
stock of precious metals is none too
large, and | see no reason to appre-
bend that it will ever be so. Man
kind will be fortunate indeed if the
annual production of gold and silver
coin shall keep pace with the annual
increase of population and industry.
According to my views of the subject.
the conspiracy which seems to have
been formed here and in Europe to
destroy by legislation and otherwise
from three-sevenths to one-half the
metallic money of the world is the
most gigantic crime OF this or any
other age. The copsumation of such
scheme would ultimately entail
more misery upon the human race
than all the wars, pestilences and
famines that ever occurred in the his
tory of the world"
80. Silver has been called the
money of the people, gold the money
of the rich. The demand for the
single gold standard means riches foI
the few, poverty for the many. As
James e. Blaine said, when speaking
in the United States senate in 1873
at would not be difficult to show
that in the nations where both gold
and silver money have been fully
recognized and most widely diffused,
the steadiest and most continuous
prosperity has been enjoyed-that
true form OF prosperity which reaches
all classes, but which begins with the
day laborer whose toll lays the foun-
dation of the whole superstructure Ol
wealth. The exclusively gold nation,
like England, may show the most
massive fortunes in the ruling classes,
bnt it shows also the most helpless
and hopeless poverty in the humble
walks of life."