Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1896-08-25

The famine Opera House Crowded to fieal
His Earnest and Honest Talk for Silver.
II was a large and representative audi
ence that gathered In the Tamme operi
house, last evening, to hear U. 3, Senator
elect IL. ID. Money, Of Mississippi, expouns
the silver doctrine. Seated upon the plat
form were Mayor f. T.. Olney, Gov. o. A
Hadley, Judge II. 8. Wooster and A. A
Jones. Sineularly enough,the frst three 0
these gentlemen arc lifelong republicans
DR.. II e. Olney, as president OF the Bry
an free silver club, 10 a few, well-cho
words, introduced Senator Money to thu
audience.
Senator Money began at the beeinninf
OF the silver question and carefully re-
VIC wou vpo nss.vsJ % psv sseus up ..sss .1'
terrible results were shown OF the presen|
day. He showed that when characterization
was fret discussed, that gold was the met
al that 1t was decided upon to demonetizs
and that the reason for demonetizing eithel
OF the metals was to make money deatel
and for the purpose Of helping those, alone
Who had fixed incomes, the owners o.
bonds, the owners OF mortgages ana annu'
itauts, to buy more for their money. Thil
was the only reason given by the men who
were In the plot at the time, for destroying
half the money Of the world.
AS to the act OF 1873, he said that thi
act, which had caused the country unt0lt
distress, had been committed without on'
single public meeting to discuss the mattel
being held, or without one single newspa'
per 10 all this broad land calling the atten
finn nj lta readers tn the same.
Senator Money then took up all the ar,
guments Of the goldbugs and, one by one
shattered them to pieces by his careful
statement OF facts and clear reasoning.
He exploded the Mexican dollar talk BY
asking who would have Mexican dollars x
sell at fifty cents II the man who wanted II
buy them could double his money OF
tbem2
He stated that Mr.. Atkinson, I.
Of the gold standard. said that /
you took a gold dollar and a silver dollar
and struck both of them with a hammer
that the silver would be worth a dollar
The trouble with Mr.. Atkinson's argumenl
is that be strikes the gold dollar twice ant
the silver dollar only once. He struck il
with the hammer and defaced 1t, and Their
struck it with the die Of the mint aud re-
coined it. II the silver could be re-coined
it could be taken to the mint, re-coined
and would also be worth a dollar.
The republican party admits that bi.
metallism is the best thing for the country
but says we must wait for the consent oil
Eogland to adopt 1t. Will seventy millions
OF people, In whose VEINS q w the blood Of
the proud Anglo Saxon and the coDquista.
doris, bend their knees on pregnant hinges,
and ask the consent of any nation to reg.
uIate their affairs to suit themselves2
Senator Money then went on to state
how the decentralization Of silver had at
fected the country that IT had stopped the
wheels of progress, for the reason that the
percentage Of increase in the value Of
money was more than any legitimate bust
ness would be expected to yield. The ma
tional bankers association Dun and Brad
street, had computed that money locked up
in a vault was increasing in value at the
rate of 10 per cent. in one year.
The characterization OF silver had appre-
ciated the price of the gold dollar, just as
the supply Of air and water would
enhance the price Of those elements. The
States, owing to their constantly
increasing population, their vast internal
commerce and the enterprise Of it's citi
zens, needed a larger volume of money per
than any other country. The free
coinage Of both metals would stimulate in
bu4C Ny S64SAb ~ . "a WV "a -
property and products, consequently a
stimulation to trade. The fall Ia the price
OF appreciated money would cause q rise in
the price of property and products and me-
cessitate the emp oy ment OF labor, aud q
depreciation in the price of money would
it to be turned into the channels OF
business to invest in property which was
going up; this re awakening of CONNER.
cial life would cause the employment of
;Ito lat,o~ JAIa On rifoI rnoopa tdln In how.
where you find busy capital you find busy
labor. No mar can afford to borrow money
to invest now, for property is going down.
Under the present conditions, those who
have money are boarding 1t because it is
increasing in value. There were no tramps
10 this country before 1873, because under
a bimetallic system there was active em :
ployment for both capital and labor, and
this condition of affairs meant prosperity.
Gold would not cav the country under
free coinage, said Senator Money, because
who took IL away would have to send
it back to get our products. They say the
silver dollar would be a ffty-cent dollar;
it is absurd to say that a man would sell
bullion for fifty cents when he could
it to the mint and get 1t coined into q
dollar. European nations are maintaining
the parity Of silver and gold at a ratio or
fifteen and a half to one, and therefore
GOnIA " Il ~ " v LILAC
and coin it at the ratio Of sixteen
to one. Money never leaves a country Or
an individual unless 1t goes to purchase
something or pay a debt, and If 1t should
this country for that purpose, it
come back for that purpose,
and trade would keep up the equilibrium.
Ii all our gold went to Europe, there would
be a surplus of money there, property
would be high and money cheap and capt.
talists looking for Investments would send
their money here, and thus would the in
dux and refiux of money maintain the par
lty and keep It's value stable.
Senator Money said that il Bryan was
that inside of six months New
and Arizona will be admitted into
the union as states and that Q Territorial
form of government was an anomaly in a
He said that ne had q feeling to-
New Mexico second only to that
which be had for his own state, and that il
at any time he could do anything in Wash
for the welfare Of this Territory, his
were at the command OF the peo-
pie.
The speaker was frequently interrupted
by applause and held the attention Of the
audience as but few men can do.
At the close of the address, three rousing
cheers were given for free silver, VIM. J.
Bryan and Senator H. d. Money.
The senator left for Santa Fe, this morn
ng, preferriDg to take a freight, that he
night pass through the country in day.
light.