The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1895-03-13

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would require the recoinage of some
four billions of dollars.
II, for instance, the ratio should be
changed from 10 TO to "a to 1 by in
creasing the size of the silver dollar, the
silver coin in existence would have to
be coined over into dollars one-half larger
which would mean shrinkage of about
one billion and third in the number Of
silver dollars, or a shrinkage OF about
one-sixth in the metallic money Of the
world. We are opposed to monometal-
lism, because it would cause a shrinkage
OF one-half of the metallic money; hence
to change the ratio to to "a and recon
the silver into larger dollars would cause
one-third as much injury as the destruc-
ton Of one OF the metallic moneys. Not
only would 1t be necessary TO recon the
money now in existence, but the annual
product Of silver would only make two
thirds as many dollars as II will make
now, and thus we would perpetuate the
scarcity of money.
1t is true that free coinage at 10 TO l
would give an advantage to the owner of
silver bullion, whether the restoration
was by this nation alone or by interna-
tional agreement, but free coinage can
not give back to the owner OF silver bull
lion any more than demonstration took
away, nor can it give TO the owner OF
silver bullion any greater advantage than
the adoption Of the gold standard would
give to the owner Of gold bullion. We
use gold and silver as money, not because
the mine owners want us to use them,
but because society needs them, and we
can better afford to allow both gold
miners and silver miners TO make what
ever profit there may be in mining them
at the ratio of 10 to l than to derange
the credits OF the commercial world, in
crease the burden of all debt, and de-
crease the value OF all property in an
effort to prevent either the gold miner
or the silver miner from getting more at
the mint than it costs to mine the metal.
This country can, in my judgment,
maintain the parity between gold aud
silver at 16 to l. know that our oppo-
nents point to the Mexican dollar as evil
dence that we can not, but to measure
our ability by the ability OF Mexico is to
make very serious mistake. This ma
ton lis some seven times as great as
Mexico, and we can do much that Mex
leo would not dare attempt. l believe
there can be no permanet restoration OF
prosperity in the United States and
throughout the world until gold and sill
yer are placed upon an equal footing,
given equal privileges OF mintage and
made equally legal tender for all debts,
public and private.
RoUNDLY APPLAUDED.
When he concluded Mr.. Bryan was
given a round of applause, which was
repeated again and again. Just as he
was about to leave the stage travelling
salesman named Morrows asked the
young orator some questions.
He insisted that the value of gold and
silver was regulated by the supply and
demand and not by the stamps Of the
Government. Mr.. Bryan listened to the
rambling talk of the man who spoke
with strong English cockney accent.
1t was evident that the fellow was bound
not to be convinced. Many Of the audi
ence who had started to leave returned
aud enjoyed the discontinue of the En-
glishman, who was still persistent and
asked about a dozen questions in one.
Finally Judge Oliver said to the gold
bug. "My friend, If you will come to
my Office l will answer your questions"
81 don't know you," was the reply.
"My name is Oliver. Come down and
see me, and will show you where you
are wrong"
Mr.. Bryan, who took the matter good
naturally, informed his interrogation that
if he didn't believe the demonetization
OF silver had anything to do with its
low price, they might argue until dooms-
day without ever coming to an agree
ment. This closed the meeting, which
was an enthusiastic one, and made many
friends for the white metal.