, 1896-09-19
Mr.. CULLOM SPEAKS.
AN ELOQUENT APPEAL TO THE
PEOPLE OF THE GREAT
MIDDLE STATES.
He Says That the Per Capita Circula-
ton Now is Equivalent to sii I'm
der Bryan's Scheme of Finance
Populist Plan is a Serious Menace
to the Safety of the Nation.

'''' N'N '"Nto'
Canton, Sept. lS.-At today's meet
ing. Senator CulIom after a lengthy
discussion Of the tariff question took
up the money issue saying in part:
Mr.. Altgeld and other democratic
leaders say the present dollar is a 200
cen dollar while the dollar before 1873
was a 100 cent dollar. In the first place
that statement is not correct, but if it
were which would you rather have
a dollar worth 200 cents or a dollar
worth so cents? ! say nobody ever saw
an American dollar in coin that would
not circulate anywhere in this country
and in many foreign countries at its
nominal value. Suppose it is true that
our dollars are 200 ent dollars. We
have in circulation, according to the
last statement more than 81 .50O, 0O0,-
600 of gold, silver and paper. One dol
lar is just as good as another. We
have a per capita circulation of nearly
$22. If Bryan, Altgeld and their asso-
ciates are right. then our money in cir
culation is equal to s., 000, 000, 900 or
about $44 per capita. AS their plat
form only calls for $50 per capita they
ought to be satisfied with s44.
Let us see what would happen in
the event of success of the nominee of
the Chicago convention. Our gold
would leave us or be boarded, that is
certain. The contraction of $500, 000,-
600. the remainder of our money would
shrink in purchasing power equal to
the difference between the par value
of the dollar and the bullion price of
silver. The difference is nov about
Il cents. So that our circulation would
be contracted to hat extent and we
would have less than 50 per capita in
circulation of actual money where we
now have 500.
Mr.. Bryan says he would. no doubt
have a panic at first latter the adoption
of free coinage.) He does not say
whether it will be just a little wave
which will wet the toes and scare the
timorous or whether it will be a tidal
wave which will engulf the nation. We
are not children in experience. We had
our fingers burned four ears ago and
they are yet sore from the effects of
the fire. William J. Bryan told then
that free trade was just what we need
ed. He now tells us VS. must have
free silver; that it will be a crime
against humanity to longer refuse it.
Will you take his advice again. / do
not think you will. There is no use in
decoivirE ourselves in dealing with
this quortion. We have more gold and
more silver than we ever had before
and altogether more circulating me-
dunn than we ever had before and no
money which is not at a par with gold.
Let lis not run off after moonshine the
cries pressed upon us by Bryan, Till
man and Altgeld and men who may be
honest, but who are urging the peo-
pie of this country to adopt a policy or
try an experiment in detinance of the
facts of history and in opposition to
the Judgment of the wisest friends of
silver in the world.
THE republican party is for BIZ
metallism. 1t believes in the use of
both gold and silver as money. 1t be-
lieves in the admission of both to the
minis of the United States on equal
terms as soon as it can be done with
safety and homer. Our party is pledged
to this in the St. Louis platform.
They tell the farmer he will get
better prices for his products with free
coinage, and they tell the laborer at
the same time he will have more work
and wages will be higher. All history
shows that the price Of labor is first
to 60 down and last to go up. The
democrats propose in some mysterious
way to suspend the law of supply and
demand. There is not the slightest
doubt that the unlimited free coinage
of silver in this country will bring
down wages. And that is what many
men who favor free trade and free coin
age want
"One Of the dangers Of this country
is the reduction of wages. 1t will be
a sad day when the wages Of the la
borer of the United States shall be re-
duced to the level Of China, Japan and
Mexico. When the time comes we
might control the markets Of the world
but 1t would be at the expense Of our
republican government and u civil
ization. When the wage Garner is
pauperized in this country the power
and glory Of our government will have
departed. Whenever hard times have
come upon this country there have al
ways been men, calling themselves by
some party name who tried to ride into
power on the misery and discomfort Of
their countrymen. But thank God they
have always failed and will fail again.
Four years ago the democratic party
was successful on the tariff issue and
what followed is familiar to you all.
Hard times misery and distress such
as was never experienced before by
this generation. Two years ago the
country again turned to the republic
al party for relief. The great ma