Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1896-10-22

statesmen Of the country. They would
have us believe what history does not
support-that gold and silver enjoyed
equal privileges In the mints Of the
United States during all our history
stopping Of the free coinage Of silver in
1878 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 1873 we had
less than 100000 of silver dollars In
circulation. We have coined since that
time nearly 800 200, 600 of silver dollars,
and. they constitute a part of the cur;
us that when the coinage Of both gold
and silver was free in the United States
the per capita circulation in this country
called ..crime of 1873" Why, under
the free coinage of both gold and silver
in the days Of the fathers we had in
1900 a per capita of $4.99: IN 1883 Il
was $3.50; in 1852 it was $14.63: in 1872
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 a per capita of SASS, and every
dollar was as good as gold in every part
of the world. We have a greater per
capita in the United States than has
the United Kingdom of Great Britain
and a greater per capita than mas Ger
many. The per capita OF the whole
world is about S5.15. The per capita OF
the gold standard countries is SIS. while
the per capita of the silver standard
countries-of which they want to make
us one-is about S4.3O. Even in the
gold standard countries we have more
silver per capita than they have in the
silver countries of the world. The gold
standard countries. having a popula-
ton of less than one-third of the worlds
population, have nearly two-thirds of the
circulation of the worlds currency. The
United States has about 5hls per cent. Of
the total population of the principal
countries Of the world. yet it has
81 21-1OO per cent. of the banking re-
sources and nearly III per cent. Of the
total money supply of the world. France
States. but the banking deposits in the
United States are $71.16 per inhabitant,
or SAB greater for each inhabitant than
the banking deposits of France.
Per Capita Rate Would Decrease.
1T must never be forgotten that the
free coinage of silver at the ratio of 16 to.
l would not increase, hut would decrease
our per capita circulation. 1t would add
nothing to it. but would rob us of the
good money we now have and put us
where the silver countries of the world
are ~today-upon a silver basis alone.
There is nothing in II present currency
status, therefore, to disturb us, except
to defeat the party which proposes to de-
base it. 1t is the proposition to debase
our currency standard that has created
CONSERVATION in every business center Of
the country: has made times hard. has
driven money from active industry. and
put it behind barred doors. where it will
be kept until confidence is restored.
THE people will not consent to a de-
crease of their circulating medium. nor q
debasement of that medium of exchange.
1t by your votes this menace to the mon
ey and credit of the country be ~dispelled,
and by the same votes you restore the
American protective policy, that will stop
deficiencies in the treasury, and will pro.
tect American industry, and courage
and confidence will come back again.
Open the mills and the mines of our
country by a judicions protective tariff
n you will stop idleness and distress
IN the ranks of labor, and you can't stop
voice Of MARYLAND OH the 3d day Of No
vemher? tCries of Mckinley, McKin.
ley.) What will be the voice of the
great city OF Baltimore? (Cries of Nc
lAlnley.) How will that old conservative
cry speak for national honor? (Cries Of
tom
l thank my old comrades of the war
Tor their presence here at my home to-
DAY. l thank my fellow citizens of every
vocation for having paid me this visit.
beg to thank them in the name Of
the Republican party for their ass,1r-
ances OF loyal support to the principles Of
puDilc honor. a protective tariff, sound
money, reciprocity, which will brin. to
US. l trust and firmly believe, good times.
1 CON which we wildly ran away in