The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1896-10-12
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ought to ask other nations to kalp US to
get rid of ii, then /, IS 80 1ad that
We Ought to Get Rid of 1t
whether other nations will help us or not
Applause. 50. my trichds, l submit
these two pTor"Sit .ons, which / have re-
peatcd time and time again, that if the
gold standard is Il go, Il thing. lhen we
ought to have it, Lut il it is bad thing
as the Republican platform expressly de-
clares in promising to substitute some
thing better for it, then, my friends, we
ought to abandon it ut once whether
other nations like it or not, whether they
help us to abandon it or not Applause.
] want you to remember that we who ad-
vCcate tree coinage at Ii to |. are the only
people who have Il financial system that
they are willing to present before the
American people. Our opponents propose
nothing, they oppose everything. Ap-
plause. We want free coinage of silver
as we have of gold, unlimited coinage of
silver as we have of gold coinage
At the Ratio Which Now Exists
between our gold and silver coin, and that
independent of the action Of any foreign
nation. Applause. What do our op-
Donents sayY DO they elaborate a systeml
Not at all. They are simply opposed to
our plans. Do they know what is good
for the American people? If SO why don't
they tell Will you say that their refusal
to speak out and elaborate a plan is due to
ignorance? If you do you say that men
who do not know what ought to be done
ought to lead in the doing of that which
they do not know anything about. APP
n | r ha Of hnr han cav
that they know but won't tell, tell you
my friends, you ought to have no conf
dence in those who have no confidence in
you. [Applause and three cheers for
Bryan We not oioy know what
we want, but we know why we want it,
and we know how we are going to get it.
We want bimetallism, and when we say
himetallism, we tell you what we mean
by bimetallism. We do not mean that the
government will buy whatever metal it
wishes. That is not what We mean by BIZ
metallism. Applause. When we talk
of bimetallism we mean two-metallism.
We mean the use not of one metal only,
but of two metals
As Equal Standard Money Metals,
entering the mints on equal terms and
coming from the Elints with equal legal
tender qualities-two metals linked to-
gether at a fixed ratio and given equal
rights. That is bimetallism. Why do we
want 1t? Because, my friends, there Is
GOT enough Of gold to furnish the standard
money upon which other money is to be
based. lApplause.] Our opponents say
they have sound financial policy. deny
that you can build sound financial pol
icy upon a gold basis. Ask them where
hn fa oil hpxx <Ho,>o
Is In the federal treasury, how much there
is in the national bank vaults. Then
they
and they leave about half of it unaccount-
ed for. Applause. Ask them how much
gold there is in the country, and they say
about $500, 100000. Ask them to point it
out, and they may be able to point out
$500, 100000. Ask them where the rest is,
and they tell you that is what they call the
invisible supply Of gold in the country.
Great applause and cheers. DO you be-
ieve you can erect substantial structure
on an invisible base? Applause. You
cannot do it, my friends. A voice, lit is
all invisible."l Welly11n sight we have
| something like half of the estimated gold
in the country; but, my friends,
VIC Soiu III slRnU Is elCner In the
treasury, or in the national bank vaults,
or in the state bank vaults. Suppose you
need some Of it to pay gold contract,
how can you get it? On such terms as
the holders of 1t are willing to charge
| Applause. The gold standard means in
its final analysis that gold will be
The Only Legal Tender Money
in this country, because, my friends you
cannot have two kinds of money in this
country and have one kind good enough
for the bondholder, and the other kind
good enough for the rest of
the people. [Applause. Our silver
must either be good enough to pay all our
debts with or 1t will soon cease to be good
enough to pay any debts with. ZAP
plause.l The gold standard carried to its
logical conclusion means that all legal
tender money except gold is to be aban-
doned, and that whenever you have gold
to pay you must go around and find gold,
no matter how hard it is for you to find it.
Applause. More than that the financial
policy of the Republican party not only
contemplates gold as the only legal tender,
but 1t contemplates bank notes as the
only paper money.