The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1896-10-30

ss1s as ss.ts # T.. s., sSa h:y a.: .o al
support-that gold and silver spjsysd
equal privileges in the Miats * the
United States during all eur history
down to 1873. They assert thaA the
stopping of the free coinage OF silver In
1873 was ''the crime of the century" and
is the cause of the present deplorable
business condition of the country. They
must know that prior to 1878 we had
less than 100000 of silver dollars In
circulation. We have coined since that
time nearly 5OO.0O0.O00 of silver dollars
a o tho eennfy Thy Rf d do ne mot e
us that when the coinage of both gold
and silver was free in the United States
the per capita circulation in this country
was less than it has been since the 50.
called ''crime of 1873" Why. under
the free coinage of both gold and silver
1900 a per capita of $4.99; in 1888 u
was $500: in 1852 it was $14.63; in 1879
before the resumption of specie pay.
ments, and when we were doing business
with unlimited paper currency. it was
$1S.19; in 1894, twenty-one years after
the suspension of free coinage of silver,
we had per capita of $24.8S, and every
dollar was as good as gold in. every part
of the world. We have a greater pse
capita in the United States than has
the United Kingdom of Great Britain
and a greater per capita than has Ger.
many. The per capita of the whole
world is about $515. The per capita at
the gold standard countries is $1S, while
the per capita of the silver standard
countries-of which they want to mal1
us one-is about $4.30. Even in tAl
gold standard countries we have mete
silver per capita than they have in tke
silver countries of the world. The gela
standard countries, having popuIer
tion of less than one-third of the worl41
population, have nearly two-thirds of Tie
circulation of the worlds currency. The
United States has about 512 per cent. sS
the total population of the principal
countries of the world, yet It has
80 21-1OO per cent. of the banking ~
sources and nearly 16 per cent. OF the
total money supply of the world. Frang&
has a higher per capita than the Unit1a
States. but the banking deposits in the
United States are $77.76 per inhabitsnt.
| or $43 greater for each inhabitant than
the banking deposits of FraRce.
Per Capita Rate Would Decrease.
"It must never be forgotten that the
free coinage of silver at the ratio of 16 ts
/ would not increase, but would decreaeq
our per capita circulation. 1t would adj
nothing to it, but would rob us OF tho
good money we now have and put ~
where the silver countries of the world
are today-upon silver basis alone.
There is nothing in our present currency
status, therefore. to disturb us, exceN
to defeat the party which proposes to de-
base it. 1t is the proposition to debass
our currency standard that has created
CONSERVATION in every business center ~
the country; has made times hard, has
driven money from active industry, ana
put it behind barred doors, where it win
be kept until confidence is restored.
1.-THE people will not consent to q d
crease of their circulating medium, nofS
debasement of that medium Of exehankN.
| If by your votes this menace to the m6l y
ey and credit of the country be dispellel
| and by the same votes you restore til
| American protective policy, that win steD
| deficiencies in the treasury, and will pe6s
| tect American industry, and courage
and confidence will come back again.
Open the mills and the mines Of II
country by judicions protective ta128
and you will stop idleness and distresa
! in the ranks of labor, and you can't stop
| it in any other way. What will be tho
voice of Maryland on the Sd day of No.
vember? (Cries of Mckinley, McKin.
ley.o What will be the voice of the
great city of Baltimore? (Cries of Nc
J kinley.o How will that old conservative
! city speak for national honor? (Cries Of
! BY voting for Mckinley and portec-
| tion.o
Il thank my old comrades of the war
for their presence here at my home to-
day. thank my fellow citizens of every
vocation for having paid me this visit,
and | beg to thank them in the name Of
the Republican party for their assur.
ances of loyal support to the principles Of
public honor, protective tariff, sound
money, reciprocity. which will bring 10
us, trust and firmly believe, good times,
from which we wildly ran away IN
! 1892"