The herald., 1896-08-29

and if his sympathies were with the idle
holders of idle capital he would coin as
little money as possible whereas, il his
synpathias We're with the struggling
masses, he would coin as much as the
law would permit him. (Applause)
This is the language OF John G. Carlisle,
not uttered when he was young. as might
be charged, as has been charged against
me. daughter.) 1t was when he was
seven years older than / am now. CAP
plause) My friends, the issue today is
between the idle holders of idle mony
and the struggling masses who produce
the wealth and pay the taxes of the
country. (Applause.) And when this
question is understood, and when men
find out about the money question, you
will find that if there is a man In your
community whose interests or whose
sympathies are with the idle holders OF
idle money, he will be in favor of a
gold standard, and, not daring to do so, he
will talk about honest money and a
sound dollar" (Applause) But if his
sympathies were with those who pro-
duce the nations wealth, he will be for
the gold and silver coinage of the
constitution, no matter how many
times you call him an anarchist. They
tell us that these prominent financiers
are going to leave the Democratic party
because it declares for the restoration
of silver. We shall not go into court to
secure an order to prevent their going.
cloud laughter and applause) The
hoe ic-bt ~
down by these millstones long enough
1t is glad to be rid of those who want to
use the party organization for private
gain and their country for public plum
der. (Applause)
Let me read a little further from
Carlisles speech.
\ voice-Why do you read from Car
isles speech?
Mr.. Bryan-Why? Because no man
has presented a more forcible argument
in favor of bimetallism than Mr.. Car
Isle has. (Great applause and cheering)
Let me read now of what he says of that
bill. But it will certainly offer some
relief. 1t will reverse the grinding pro-
cess that has been gong on for the last
few years"
Aye, away back eighteen years ago he
spoke of this as the grinding process,
and, my friends. it does not tighten the
effects of a grinding process to call 1t
a temporary embsrrassment. He said:
Instead of constant and relentless con-
traction, instead of constant apprecia-
ton of money and depreciation of prop
erty"-that is what we have seen, a con-
slant appreciation of money and depre-
citation of property-he said: Instead
of these we will have expansion of
doubtless 100000 per month under its
influence"
Now, what is going to be next? Mr..
Carlisle knew in 1873, he said: Under
it's influence the exchangeable value and
the commodities including labor will
soon begin to rise"
That is what he said in 1878. But what
will be the effect of it? "Thus inviting
investments, infusing life into the dead
Industries of the country and quickening
the pulsations of trade in all of its de-
partments."
He understood the laws of finance lie
understood what was the effect of add
ing this money to circulation and, my
friends, if he stated the truth then, that
truth has not changed since then, nor
can it be changed, though every one who
spoke for it should turn his back upon it.
(Great applause.) Truth lives. 1t is the
one thing that will not die. | quote these
words to you to show you that by the in
crease of the volume of money we eX
pect to stop the constant appreciation
Of money and the constant depreciation
Of property There is a difference be-
tween the owner of money and the owner
and producer of property. Let me illus
trate. Suppose man in this commu-
nity-a young man-finds some young
woman who is willing to trust her flu
ture to his strong right arm and they
start to build q home. Not having
enough money they take what they
have saved together and they buy a
farm, paying $1,000 down and giving a
mortgage for the other thousand. And
what is the result? Suppose money
rises in value. Suppose you take no.
ton you want a good dollar, a high
priced dollar, dollar that keeps getting
higher priced every day. Suppose that
SOu nave a hplleti thdt SNNS ~ bt w lNC
as good as it was when the man gave the
mortgage. 1t means that each dollar
will buy twice as much, that it will take
twice as much of the products of the
farm to buy the dollar and pay his debts
as it'd id before. What is the result?
Why the result is that while it requires
twice as much to pay taxes and twice as
much to pay the debt the man finds out
that he is not able to pay the debt as he
agreed to. What then? You say ex-
tend the mortgage Why they tell him
that the land ha. gone down in value
now and that the farm is not worth
enough to De good security for the thou
sand dollars, then what? There is one
thing. He can turn the farm over to the
man that holds the mortgage That he
can always do. What is the result? He
and his wife have lost $1,000 they invest
ed in the farm. They have lost their la
Dor they put forth in trying to pay the
mortgage and then they lose the farm
and start out in life again. How about
the other man who sold him the farm
and got $1,000 down? If he loaned that
$1,000 he got security for $1,000 and he has
the thousand dollars within his reach
and then he gets back his farm
I ask if there is any difference be-
tween the holder of capital and the
oV-por tf f,r,tart,- T., tl,- o,,,,,.,;., ~ 80,