The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1896-08-14


redemption the banks would exercise the !
right t. furnish either gold or silver In |
other words. they would exercise the op- |
tion Just as the government ought Co cX- /
ercise Il now. The government must /
either exercise the right 10 redeem its oh. /
legations In silver when silver i more CON /
venient, or Il must call all the silver from /
circulation and use nothing but gold as /
legal tender. Are our opponents willing |
20 outline a financial system which will |
carry out their policy to Is legitimate !
conclusion. or will they continue Ia cloak |
their designs In ambiguous phrases There |
Il an actual necessity for hmetallism as
well a. "a theoretical defense Of II.
The silver dollar II now held up 20 the
gold dollar by legal tender laws and not
by redemption In gold, because the stand
ard silver dollars are not now redccmahle
In gold either IN law or by administrative
policy We contend that fee and unlim
tied coinage by the United Ssates alone
will raise the bullion value Of silver 10 it,
coinage value and thus make silver bull
Hon worth al ~ per ounce In gold through
out the world. This proposition h In
keeping with natural laws not In defiance
90 them.
n our minis are opened to free and un-
limited coinage az the present ratio mcr
chandise silver cannot come here because
the labor applied Go II has made Il worth
more in the form 81 merchandise than IL
would be- worth nc our minis. We cannot
even expect all OF the annual product ~
silver, because India, China, Japan, Mexi-
co aud all the other silver using count rirs
must satisfy their annual needs from the
products; the arts will require q large
amount aud the gold standard countries
will need considerable quantity for sub
sidary coinage. We win be- required 90
-. a.. 4. l.. VI.
whcrp but II we stand ready to take and
utilize all Of Il other nations will be- com
PEELED 20 buy AZ the price which We fX.
Many fear that the opening uf our minis
will be- followed 10y the enormous increase
| IN the annual production Of silver. This
I n conjecture Silver has bern used ~
money for thousands Of years, and during
all that time the world has never suffered
| from overproduction.
Our opponents cannot ignore the fact
l that gold IA now going abroad In
/ spite III an legislation Intended 10 prevent
/ II and no silver IL being coined 10 take IT,
/ place Not only II gold going abroad now,
| bat it must continue 90 ~ ahruad No long
| n the present financial policy l. adhered 20
I unless We continue 10 borrow from across
/ the ocean and even then we simply post
pone the evil, because the amount Dor
rowed. together with interest upon L.,
must be- repaid Ia approaching dollar
| The American people now owea large sum
| 20 European creditors aud falling prices
have left larger aud larger margin be
| tween our net national income and our AN
I nual interest charge. There j. only one
way 70 stop the increasing flow ~ gold
from our shores aud that Is To stop falling
| prices. The restoration of hiIactallism
will not only stop falling prices Tut viii,
70 some extent restore prices by reducing
the worlds demand for gold II u l.
argued that risc IN prices l1'sens
the value o. the dollars, which
we pny 20 our creditors, l reply
that. la the balancing Of equities the
American people have ~ much right a.
favor a financial system which will main.
tain or restore prices, NJ forlgn creditor
have 20 insist upon financial system that
will reduce prices. But the Interests ui
society ART lar superior Co the interests OF
either debtors or creditor and the intc~
ests 81 society demand u financial system
which will add 10 the volume ~ the stan
dartl money Of the world, and thus rcstor,
stability % prices. Perhaps the most per
sistent Misrepresentation that We have {,
meet l. the charge that We are advocating
the payments OF debts in Ncent dullnrs
At the present time and present laws
silver dollar. when melted, loses near
, half It's value. but that will not b. tru'
when we aguin establish a mint price fu
silver and leave no surplus silver upon th'
market "a drag down the price Of bullion
E Under hinctallism silver bullion viii b.
? worth as much NJ silver coin. just ~ gol,
= bullion Is now worth ~ much ~ gold coin
? aud we believe that silver dollar viii b
worth as much as q gold dollar
I Honest differences ~ opinion have al
{ WAYS existed and ever will exist a. o. th
legislation best calculated ~ prum0te th
b. public veal. Int when Il Is seriously ~
I. serted that this nation must bow o. ~
7 dictation II other nations, and accept th
! policies which they Insist on, the right d
IA selfgovernmri Is assaulted, and antil tina
!, question Is settled all other questions az
Z Insignificant,
n Citizcns Of New York. / have travclc
j. from the center of the continent 10 the sea
4 board that might In the very beginuin
a uf the campaign bring you greetings tror
i the people II the west aud south aud ~
b SURE YOU that their desire i not TO destrol
l. but tn build up. They invite YOU 10 acceT
y the principles of living faith rather tina
A listen Ia those who preach the gospel II u,
y spair. and advise the endurance ut the vi
b. YOU have Advocates ~ free coinage b
y lieve that IN striving to secure the immctl
r ate restoration " bimetallism they are u
In boring in your hchalf ~ we'll a. Ia the
" own. \ few OF your people may prosp,
under present conditions, but the permit
r. neut welfare Of New York rests upon u
A. commerce " the nation aud must suffer
v that commerce Is impaired You cannot ~
~ unless the people have money with whic
h to buy and they cannot obtain the none
n with which to buy unless they are able
u sell their products at rrfnuneratiye price
~ Production ~ wealth goes before the Fl
H. change 81 wealth; those who create mu
secure profit before they have anything
n. share with others. You cannot afford
NJ Join the money changers In supporting
p. financial policy which, by destroying
nt purchasing power OF the products ~ To-
In must la the end discourage the creation
wealth
NJ / ask. expect, your cooperation II
ri true that lew Of your iinaciers wuu
ri fashion a new figure representing Colut
or hia her hands bound fast with frttcrs
"a. gold and her face turucl toward the "a
no appealing for assistance 10 thnSe who III
beyond the sea--hut this figure can new
~ express our idea Of this nation. Y,
te would rather turn for inspiration to q
he heroic statue which guards the entrance
cd your city, statue A. patriotic Ia cuncc
~ ton ~ u Il colossal In proportions, Il W
~ the gracious Gift Of sister republic al
stands upon pedestal which was built
ID the American people That ngure-li
ut erts Enlightening The Wosld-is cmblel
he attic OF the mission OF our nation amougt
nj nations OF the earth. With goyernmc
be- which derives its powers from the consc
M. uf the governed, securrs to all the pcoI
b. the frcedOm ~ conscience, freedom
OF thought aud fredom Of speech. guarants
NJ equal rights to all and promises speti
no privileges 20 none, the United States shuu
IL b. an example In all that Is good and I
~ leading spirit In every movement which Il
u for its object tho uplifting Of the hum
race.
nj