The San Francisco call., 1896-09-13
CONGRESSMAN LOUD TALKS ON THE ISSUES

the mints of the United States Ito run
their full capacity for three years.
He urged his hearers to lay aside all
partisan consideration and vote on issues
which were of vital interest 10 every per-
son in the country, no matter how poor
and how unfortunate he might be.
While the speaker believed that this
country cannot again be permanently
prosperous until it shall have returned to
that policy OF protection OF American in
dustries that made it prosperous, he be-
lleved that the. financial question should
be squarely met. The Democratic party
unfortunately had brought up that ques-
tion, because the relations of money and
the scientific question of finance are not
issues that should be determined by any
ward caucus. They should be determined
only after cool, calm deliberation and n OF
after the heat and passion of a political
campaign.
The speaker, as Republican, welcomed
the issue. 1t should be fought out, and
the sooner this attempt. at repudiation Is
met and strangled the sooner will this
country embark on the sea of prosperity.
If the free coinage of silver at 16 TO is the
proper thing to do we ought to have ii.
elf it will bring this country to bimetal-
lism we shall all welcome it, because there
is not man in this country who Is not in
terested in true blmetallism, if that condl-
ton shall be reached at all.
But" continued Mr.. Loud, "if the
Government could create values by legis-
IatiVe fat it would be unnecessary for us
to labor, because if government can
create a particle of value it can create
enough to keep US in comfort for the rest
of our days"
The speaker went on and asked what
was the condition of every country to-day
whose mines are opened to the free and
unlimited coinage of gold and silver.
2 d. I,I NJ
and have declared that Mexico was on
bimetallic basis. This assertion was not
true, because Mexico had not coined a
gold dollar for many years. for the sim pie
| reason that no man would take gold dol
lar to the Mexican mint and have it
coined into silver dollar worth only So
cents.
He reminded his hearers also that the
dear dollar is always held by the rich man
and the cheap dollar by the poor man
the man VINO works for wages. The
speaker remembered taking his $40 roll
and paying 8 and 10 per cent discount
to get gold with which to pay his grocery
! bill. He predicted that if Bryan should
be elected the people who owned $500, ,000,-
600 in gold would take it out of circulation
and cut the metallic currency in two with
out waiting for Congress to meet and pass
free coinage bill. The result of this enor-
mods withdrawal of the currency would
u
in the country could keep its doors open
for lwenty-tour hours, and no man could
afford to do business until We got on a
! sound and firm foundation.
/ How were they going to replace the
! $780, 90 900 Of gold taken out of circula-
| non? The silverites said that they would
! build mints enough 10 coin all the silver
in the country, but they forget that it
| costs money to build mints, and il takes
| time. and that the great mass of the
| seventy millions OF people have 20 pay
/ taxes to defray the cost OF building these
mints and keeping them in running order.
/ If the people could be assured that Nc
| kinney would be elected on the Sd of No
vember from that moment the money
! now locked up in the vaults in this coun-
/ try would begin circulating in the ave-
nues of trade, and the factories would
! begin to open, and again would the work
/ ingman begin to receive good dollars for
| his days work,
! Did it never occur to the American peo-
! pie, he asked, that they never telt the de-
monetlzation of silver until 1892 nineteen
/ years after the demonetization Was it
not little DIT strange that it should have
occurred on the advent of the Democratic
party to power? Could the people for one
moment trust the party that four years
ago pledged the people that they knew
what the matter was, and that they would
so Iegislate that the people would be made
supremely happy
Mr.. Bryan had attempted to array class
against class in this country, and he and
| his followers should be told that they are
IN the wrong country for the preaching of
such doctrine. That might do in some
monarchlcaI and autocratic form of govern
ment, but not In this great, liberal Ameri-
can Government.
Three rousing rounds of cheers were