The record-union., 1896-09-13

circulation. according to this report, was
81 ,66O. 100000. In 1895 the amount Of
money in circulation had fallen to ST.
6O1,OOOOOO, decrease In one year of
$59.OOO.OOO. On June 80, 1896, the
amount in circulation had fallen to ST.
oO6.OOO,OOO. It means that In two years
time the amount Of money In circulation
among the people had fallen about
$155, 900, 600 in amount In other words,
In two years time there has has been a
decrease Of nearly 10 per cent. in the
circulating medium Of the people. This,
my friends, is the treasury report, and 1t
shows that while the per capita circu
lation in 1894 was $24 %. 1t had fallen
to $21 %, a fall Of more than So per
capita.
Now have called your attention to
this decrease, / wish to show you, my
friends, that instead of being a decrease
there should have been an increase
each year. Senator John Sherman made
speech on the 9th Of July, 1890, and
in the course of that speech he said we
needed an increase in the currency Of
something like fifty millions year, and
yet instead of that increase we have
decrease of about $155. 900 600, making
total deficit of about $3.50, ,OOO,OO
Now if Senator Sherman was right then
in saying the people needed more money
every year, then l want to ask you why
it is that the Republican party have, in
the face of this decrease, made no pro-
visions to supply the requirements of
Increasing population. When we speak
about these matters our opponents tell
us that we do not understand mathe-
matics. A man does not need to know
much about mathematics to know that
nation that requires an increased cir
culation must make some provision to
meet that need but the Republican
party pays no attention to the manner
in which this decreased circulation has
been brought about"
At the Auditorium Mr.. Bryan said, in
part:
IF the Republican party had declared
in favor of gold standard it's orators
might have gone before the people and
advocated the gold standard as a good
thing. To have done so they would have
had to close their ears to the cry of dis
tress which comes up everywhere. But
they did not declare for a gold standard.
Why? Because those who favored gold
standard never fought an open fight In
their lives. Gold is q coward. 1t will
not meet it's enemies in an open fight,
and those who advocate a gold standard
have never been willing to face their en-
emies before the American people.
Let me give you an evidence Of the
fact that our opponents are not willing
to take the American people into their
confidence and declare before the Amer
lean people the policy which they de-
sire This night recalls my last visit to
this hall, little less than three months
ago. I attended a national convention
held in this hall. l saw here adopted the
first platform ever adopted by q ma
tional convention in all the history of
the United States which declared that
the United States must depend upon
foreign nations for permission to do
what our people desired to do. / saw
adopted in this hall a platform which
pledged the Republican party to get rid
OF a gold standard and substitute bimet-
allism as soon as the leading nations Of
Europe would help US to do SO. Before
an audience that did not equal this, I
saw this platform adopted. and am de-
lighted that an audience greater in size
gathered not from all the Union, but
IIoIIi SlliSie City, has ilCl ia oiiio S1hAC
hall to pronounce condemnation upon
that platform.
My friends. in a country like ours
agitation Is the only means by which the
people can secure relief. And II these
men had their way about it, they would
make it penal offense for man to raise
his voice against the financial system
which they would fasten on the Ameri-
can people. (Applause.) l repeat that
these men who tell you that everything
would be all right if you would just
have a quiet settlement of the money
question, and then do not tell you what
the quiet settlement is, or if they know
they are unwilling to tell us. (Applause.)
You will find some Of these banking In
stitutions-I do not say all Of them, be-
cause there are in the banking business
men who will respect the Constitution
and laws of the United States-but I say
some of these banking institutions tell
man they will not lend money to him
nor extend his notes unless he votes as
they ask him to. Yes, and why do they
do it? 1t is because there are banking
firms in New York City who tell the
banks that if they do not do as they
want them to they Will not extend credit
TO them, and then there are banks In
London who tell the banks in New York
that If they do not run the United States
on the European plan they will~not ex-
tend credit to them. tremendous
cheering.)
Il wonder If those who are assembled
here know what is going on under the
financial policy which has cursed this
country for the last twenty years Let
me tell you some things. They have
presented greenbacks and Treasury
notes for redemption, and. instead Of
the Government exercising the right to
redeem these greenbacks or Treasury
notes in either gold or silver, the pres