The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1896-08-24

!
| baplllty That one will make one Argu-
! men6 and the other will make another
argument and very often the same man
makes both arguments. Now, you can
SEQ the ahsUrdity OF it. II the silver
miner under the law of free coinage finds
his silver bullion is raised so that which
Is Wor5A SO cents will be worth l00 cents,
then there is no 80 cent dollars, and ii
the other man is correct and the law adds
nothing to the value of the metal, you
simply convey 90 cents worth of silver
into 80 cent dollar and then the mine
owner has not made IA cent. These two
are not consistent, but 1t follows all the
way through. Why is it? 1t is because
our opponents have no theory, no prin.
clple, no policy upon which they are pre-
pared Cd stand and fight, and they do
nos dare to say the gold standard is a
gooa thing because no party in the his
tory OIL this country has ever declared in
favor OF gold standard, and do not
dare to say that the gold standard is a
bad thing and then tell the people they
have got to suffer until some foreign
nation brings them relief.
My friends, l want you to remember
that Ia discussing
THIS MONEY QUESTION
theIe are certain fundamental principles,
and when you ana erstand these prinei-
ples,you understand che money question.
You havesgoE to hndsout the fundanlen-
tai principles which2uhdgrlie the subject
andEWhen i you understand them, you
understand ghee money question. What
is the principle THAT uhderlies ii all? 1t
is the law OF supply and demand Which
applies 10 the money as to everything
else. increase tho amount of money
rapidly ana then the demand for money
increases and you lower the value Of the
dollar Decrease the quantity of money
while the demand for it increases and
you increase the value of the dollar.
Now, when You understand that then
you Understand the essence of this mon
ey question: Whom you understand that
principle, then You understand why
great tlnaneiers are in favor of {; guild
standard, holders Of nxsd investment.
who by suon legislation raise the value
of the property which they hold. Fol-
this can quote yeu authority your CD
ponents dare not question. I have called
attention and | snail continue to call at.
tentlon to the remark made by Mr..
Blaine in Congress on this subject, He
said the destruction of silver money and
the establishmenb of gold as the sole
unit of valuo must have ruinous effect
upon all forms of property except those
Investments. which bring q fixed return
for money. That these would be snor.
mously enhanced in value and would
gain d disaproportiohRte and unfair i'd.
vantage over other species of property
My friends, there Is q statement no mar
who has q respect for his reputation
would dare to dispute The establish
ing of gold as the cole unit of value tho
roushout The world and the
DESTRUCTIQN OF SILVER NJ
az the standard money, means thatayor
shall destroy Che value of MI property
except inoney and Investments that ca
for mixed amount of money.
Now, my friends, when you make III
your minds that the gold standard is !
bad thing, then the Only question tina
you have to consider is how YOU car
get rid of it. Why don't they PROPOSE
some plan TO relieve the condition Il
is because they do not know what ough
TO be done. If 80 they are pour people
to lead out of bondage. It is because
they know and WON'T tell They have
not the candor chat Ought to be possessed
By those who would redeem people
from their suffering fand Distress They
say our dollar will be So cent dollar
Well, my friends, they refuse to apply tc
silver that is produced in the world
the law of supply and demand We saw.
increase the demand for Silver and that
new demand acting wish the demand
now in existence, will operate upon She
price Of silver. We say tnab new de-
mand will be sufficient tosoonsume ali
the silver presented at tho mint, and be.
ing sufficient viii raise the value of sill.
yer bullion TO 81. 10 throughout tho world.
We have reason for the belief. When
we bring silver into competition with
gold, we increase the supply of money.
While the silver dollar will be made
worth as much as the gold dollar. II
will be easier to obtain by the product:
of toll silver dollar than tits a gold
dollar today. Our complaint ia
that TIE same hostile legislation which
has destroyed the demand for silver and
driven it down when measured by gold
has also increased the demand for gold
as measured by other forms of pronerty
and that the opening of your mints ia
the free and Unlimited coinage Of silver
will operate to bring that money intd
circulation and lessen the strain that
has existed for gold,l and that by The
increasing demand fbf silver we shall
bring silver tie until gold and silver
meet at the Tatioa;pow liked By law
and silver and gold be Of the same vai.79.
DEAD MANS "a POINT.