Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-08-18

have not fallen at ali. Taxes have not
eanres ~ fam psedaoes now Than
to pay taxes. Debts have h. not fallen, The
ter psy eMfs 90 m st be sWea
difficult as formerly to obtain the dollare
with which to, pay the debt. Railroad
with telling prices, and. besides these
items, there are many more. The farmer
has. thus foynd It more and more difficult
the gold Standard
Bad for the WaEe-Earner.
The wage-earners have been injured by q
gold standard and have expressed them.
phass eas i5 poson ask
Ing for the immediate restoration Of the
free and unlimited coinage Of gold and SILL
representatives Of all. Or nearly all. Of t tis
t, congress; Maags-searn1erss know that
Ing power Of the dollar L also las makes It
more difficult to obtain possession Of the
dollar; they know that employment is less
and Unemployment less certain.
A gold standard encourages the boarding
Of money because money Is rising; It also
dustry 6n the etRer hand. tie rasyofation
of bimetallism will discourage boarding,
measy %nss aR s9ss o es IL 5 e s s
vaults. The farmers and wage-earners to-
gether constitute considerable majority
the people Of the Why shoHa
financial leeisiationf 4 monetary system
WHICH Is pecuniarily advantageous to few
system which would give hope and en-
enlargement to those who create the ma
tions wealth.
Ruinous to Merchants and Manufacturers.
Mr.. Bryan said it was only necessary to
order to show that a gold standard Is ruin
GUS to merchants and manufacture Sal
aries IN business occupations, he said, de-
gold standard both lessons the amount unit
ariear 'S'N'' '@'A
Dangerous for Others.
ps oYr to Whd hf Scd nse and RE
know that. since the total premiums received
the PAID
then to the policy holders.
Much solicitude has. been expressed by
RS 'se bsoF
standard. but these appeals win be in veil
sod sh
cause Of the inability Of the Banks to coilee.
that. If the gold standard is to continue In
definitely, they may be compelled to With
Those who held, as e permanent invest
ap9e a stools * NOT asa sesh hqss he
means Of obtaining an inside advantage in
construction co4tracts-are injured by a
the the earning power s Of FIJI these enterprises
without reducing their liabilities, and, as
dividends cannot be paid until salaries and
stockholders must bear the burden Of hard
times.
The professional classes-in the main
classes, ana can Only enjoy prosperity When
there Is prosperity among those who Gre
| ute wealth.
| opposition that q bank belongs to the
debtor class is not true Of any solvent
sho@a sbatp sbn by
coed the liabilities. and, he continued, when
| dollar is rising in value slowly bank
Ing good security, avoid loss; but. when
| prices are falling rapidly, the bank Is apt
TO lose moro because of bad debts than II
! can gain by the increase in the purchasing
| power Of Its capital and surplus.
Benehciaries of q Gold Standard.
| Passing briefly over this point, Mr.. Bryan
| said: Let me say q word now in regard
to certain tai persons rs. who are peculiarly ben
not from ao desire to tr au M1 iayor ~
rights of Others but because the cireum-
stances which surround them blind them
| others / shall ask You to consider the
language Of two gentlemen whose long
| public service and high, standing in the
party to WHICH they belong will protect
them from adverse criticism by our OPP
ponents. In 1869 Senator Sherman said:
1t must be admitted. however, that some
| broker with the ordinary banking business,
and these may make enough in the negotia-
ton of loans to offset the losses arising in
| legitimate banking business. AS long as
/ human nature remains as It is, there will
| always be danger that, unless restrained
by the public opinion or legal enactment,
| those who see pecuntary profit for them
| selves In a certain condition may yield to
| the temptatton to bring about that condl-
| ton. Jefferson has stated that one of the
| main duties of government Is to prevent
men from injuring one another, and never
| was that duty more important than 1t is
tSoaay Il Is n mot that those Tho
| the government In the hoNr of its eXtremi-
| ty favor financial policy which Will keep
the government dependent upon them.
believe, however. that | speak the senti-
ment Of the vast majority of the people Of
| the United States when I say that a wise
| financial policy administered in behalf of
| all the people would make our government
| independent of any combination of inan-
| ciers, foreign or domestic.
| What sherman Said.
The contraction Of the currency is a far
|
suppose. Our own and other nations have
gone thron!gn that operation before II
cept capitalist out OF debt, or a salaried
officer or annuitant. 1t is 4 period Of loss.
onss nr Oh .Faae; RAJ OF wages
disaster 1t means ruin to all dealers whose
debts are twice. their business capital,
property. 1t means the fall of all agricui-
| tural production without any great reduc-
eo OF Of b 5mX9s What prudent man would
Fl SIm 3 barn with this certain fact before
Mr.. Bryan continued: As 1 have said
| before. the salaried officer referred to must
be the man whose salary is fixed for life,
and rot the man whose salary depends
man describes contraction of the eurrency,
as disastrous to all the people except the
capitalist out Of debt and those who 81 stand
In position similar to his. he is stating q
| truth which must be apparent to every per-
son who will give the matter careful con-
| sideration. Mr.. Sherman was at that time
speaking OF tho contraction OF the vol
| which he act forth applies, If there is a
| contraction of the volume Of standard
money of the world.
Blaine's View.
Mr.. Blaine discussed the same principle
in connection with the demonstration of
atiyes on the III Of February, ISIS. he said
i pei4eNo ZIG ~! u6SlS IOW sOlilS Oh III lHlS
country and other countries for a single
gold standard would. 1t successful, produce
widespread disaster IN and throughout the
yer as money, and the establishing of gold
as the sole unit of value must have ruin
Gus effect on all forms Of property, except
In money. These would be enormously en-
HANGED In value and would gain dispro-
portionate and unfair advantage over
every other species of property"
| Is 1t strange that the holders of invest
ments which yield fixed return In money
can regard the destruction of silver with