The San Francisco call., 1896-10-21

they say was demonetized, provided for
the coming of the millions of trade dol
lars. Mind you, before that time, for
thirty years, not silver dollar had been
coined. Then in 1878, just five years after
that crime, the Bland Allison act was
passed, under which 00,00O,0o0 silver dol
lars were coined 10 Offset that poor little
s. 0G0 900. But still the unsatisfied mine
owners demanded that the Government
purchase faster, and in response
the so-called Sherman act was passed
that provided that $4,000 worth OF
silver bullion be purchased every month
and stored away, it could not be coined
fast enough. They piled it up IN ingots
and set the presses running to print silver
certificates. Under that law $10O, ,O00.O00
worth was purchased Since the crime OF
49, when $4,000, 600 was in circulation,
no less than $500, o00 900 has been added
to the silver currency and still the prlce OF
silver went down, down, down, until there
was only so cents worth of silver behind
the silver dollar.
Now, does Mr.. Bryan think the people
of the United States are fools tnat he is
trying 20 make them believe the despond-
encyprevailing in this country results from
the crime of '73'? / can tell you how to
raise the price of silver If you don't know
it. Just destroy half there is in existence.
And I'lI give you another tip. Let this
country become a constant buyer; let
the RothschiIds send over their stamping
machines and American genius invent
still faster machines for the coming OF sill.
yer and the price OF silver will go down.
The reason why it fell during the opera
ton of the Sh erman act was because peo-
pie began to wonder how long the United
States could keep up the purchase.
confidence was shaken, and there is
more good business done on confidence
than on coin [Applause. A Democratic
chief magistrate and Democratic Secre-
tary of the Treasury who had been making
free-silver speeches and believing them,
just as Bryan in his ignorance believes
what be says, called upon Congress to re-
peal the Sherman act.
"Mr. Bryan quotes the language OF Mr..
Blaine from speech in which that great
statesmen was distinctly and strongly op-
posing the free coinage of silver, at time
when there was only cents difference be-
tween the value oi the silver dollar and its
weight n bullion. He was saying that he
desired TO foster the industry so far as 1t
could be done safely, and with full
knowledge of the mlsconstructon Mr.
Bryan and his followers continue TO quote
those words.
Immediately after Mr.. Bryan had sue
ceeded in hypnouZing the Chicago con-
yention into nominating him for the
Presidency he went down to New York,
into the camp of the enemy, as he SAID, to
teach them finance. There he made a
studied statement OF his position. There
were two points in that speech that call
for our attention. He said that he wished
TO see it possible for man to 90 into the
open market ana purchase silver bullion,
for every 412 grains of which be might
pay off 81 o! his debts. In other words he
wants to make it possible for man in
debt TO clear himself at half cost.
"What do you think George Washing
ton would say to proposition of that
kindP Well, advertising burglars do
not succeed in their trade. Should the
morning papers on the 4th OF November
announce that Mr.. Bryan had been elected
| fear to contemplate the extent OF tue
ca amity. 1t would be an advertisement to
every bank, insurance company and other
security concerns that they We're to be
plundered, ard it would defeat It's own
end.
Between the 4th of November and the
4th of March we would see the most awful
liquidation that was ever witnessed on
earth-men clim bing over each other to
collect what was due them. The mind
recoils with horror from the spectacle OF
what would follow. You know how the
big merchan; carries the smaller one for
months and how in such cases any clam
oring for their due would bring ruin.
''Wen, imagine what would take place
in the cases OF the tens of Thousands OF the
small merchants when the big one swoops
down upon them for an immediate settle
ment.
But 1 do not fear trust in the in
telligence OF the American people. They
know that the man who counsels half OF
the people to inaugurate policy under
which they may chea, the other half is a
public enemy" Great applause.]
Congressman Boutelle concluded his
oration with quotation from Longfel-
lows "Ship of State" amid tremendous
and long-continued applause. As soon as
he could make himself heard, Irving Mr..
Scott proposed three cheers for Boutelle
and three for Mckinley and HOBART,
which were given with will and voice
that made the rafters of the huge building
trembie.