New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-10-11

New York
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veniently adapted TO minor transactions and
the most beneficial use of both can be insured
only by the adoption Of the former as the stan
dard Of monetary measure and the maintenance
of silver n parity with gold by It's iih,teu
coinage under suitable safeguards or law.
Great applause) Thus the largest possible en-
joymcnt of both metals s gained, with Va'ue
universally accepted throughout tne wo,,u
which constitutes the only practical bimetalllc
currency assuring the most stable standard
and especially the best and safest money TOT
all who earn their likelihood by labor or the
produce of husbandry. They cannot suher
when paid in the best money known To man. but
are the peculiar and most defenceless victims OF
a debased and huctuating currency, which or
fers continual profits to the money-changer al
their cost.
SOUND MONEY DEMOCRATS COMMENDED.
What have read. my fellow-citizens. Is not
the statement OF the Republican Convention. hut
OF a Democratic Convention; the most repre-
sentative which probably ever assembled in the
country. Senators and Representatives In pub
lie life to-day. leaders Of the Democratic party
in their respective States. thus denounce the
Democratic Convention held in the city OF Chi
cago. Applause) They speak the words OF
truth and soberness. You cannot dcbase the
currency Of the Unitcd States without degrad-
ing the public honor. Cries Of That's right.)
They speak the voice Of patriotism. They re-
pudiate their own party convention and char
acteriZe its resolutions as unsound, injudicous.
unpatriotic and revolutionary. They are to be
commended by every lover Of his country every
where for their courageous stand and for their
bold denunciation Of doctrines which. although
adopted by convention representing a large
body Of Democrats. are a menace to the peace
and tranquility. the credit and the currency OF
the country. Great applause)
1t falls TO the Republican party this year. as
In many other years OF the past To carry the
standard OF National honor. Great applause
and cries of I'VE will do that. Major.) And IL
shall never he lowered IN their hands. Great
APPLAUSE and cries of You bet II wont"D They
meet the cries with their old-time courage and
If given power the whole world viii know that
they will never permit the currency Of the coun-
try 10 be debased or its financial honor stained
Great applause
money Of the fathers" I want TO say for the
fathers that their money was always good and
honest. Great applause and cries OF GOOD.
goodr) They insist that gold ana silver alike
constitute the money OF the Constitution and
the currency established by the early STATES
men OF the country They would have be-
lieye-what history does not support--that gold
and silver enjoyed equal privileges In the mints
of the United states during all history
down to 1878. They assert that the stopping OF
the free coinage Of silver in 1913 was the crime
Of the century and is the cause OF the present
deplorabe business condition OF the country.
They must know trat prior to 1913 we had less
than gOOOOOO Of silver dollars In circulation.
We have coined since that time nearly JDO.-
OOO OF silver dollars. and they constitute
a part OF the currency OF the country. zap
plause) They do not tell MS that when the
coinage Of both gold and silver was free in the
United States the per capita circulation In this
country was less than 1t has been since the
coinage Of both gold and silver in the days Of
the fathers we had In 1900 a per capita OF
81 In 1888 1t was s. GO. In mo- 1t was
SI4 ca In 1872 before the resumption OF specie
payments and when we doing business
with an unlimited paper currency. II was HlS ~.
In 1891 twenty-one years after the suspension
Of S24 ~ great applause) and every dollar was
as good as gold in every part OF the world.
Great APPLAUSE
NO LACK OF MONEY HERE
! We have greater per capita in the United
States than the United Kingdom ~ Great Brit
ain. and a greater per capita man Germany
The Der capita OF the whole world s about 50 IL.
The per capita Of the eold-standarl countries Is
SIS while the per capita OF the silver standard
countries. Of which they want 10 make us one
great applause and cries Of NO. never"). IL
about 81 30 Even in the gold-stat dard couh-
tries we have more silver per capita than they
have in the silver-standard countries or the
world The gold-standar1 countries, which have
a population Of less than one-third OF the world ;
/ population, have nearly two-thirds or the circu.
iation OF the worlds currency. The United
States has about Jl3 per cent OF the total popu-
laton OF the principal countries or the world !e.
IL has 3D. II per cent of the banking resources
and nearly IL per cent OF the total money sup,
ply Of the WORLD Appause) France has a
higher per capita than the United states. but
the banking deposits in the United States are
81 % per inhabi,ant or gay greater iqT a eacn
D
(Appla,ise) II must never be forgotten that
the free coinage OF silver at the ratio OF 10 To
| would not incr Ease. but would decrease our
/ per capita circulation. applause ana cries u
oThat's right") 1t would add nothing TO IL.
/ but would rob us of the good money we now
have and put us where the silver countries
of the world are to-day. upon silver basis
alone Cries Of I'VE don't want free silver!D
There is nothing in our present currency status
therefore to disturb US except 10 defeat the party
which proposes 10 dnbase ii. (Crics OF Our cur
10 ri oh is the prODOSltiOn TO de-
base our currency standard that mas created
CONSERVATION Ia every business centre OF the
country has made times hard. has driven money
from active industry ana put III behihu parIeu
doors, where 1t Will be kept until confidence Is
again restored. Cries OF Right rGht!) The
people will not consent 10 decrease or tneir CIT
culating medium. debasement OF inat me-
dunn OF exchange Cries OF NO. we wont }
| IT, by your votes this menace To the money ana
credit OF the country he dispelled, ana by the
same votes YOU restore the American protective
policy. that will stop deficiencies in the treasury
and will protect American industry. ana couiasr
and confidence will come back again W.rea'
cheering and cries Of I'VE want protection!
Open the mills and mines Of the country by
iudicous protective tariff and YOU VIII stop idlc-
ness and distress in the ranks Of labor 'erles Oh
That's right'D. and you can't stop IL III any
! other way. Great applause
MORE PENNSYLvANIANS ARRIVE.
! The seventh speech was made TO the delegation
| from the Lackiwanna ana Lehigh Valleys The
! spokesman for the delegation was professor W. J.
! Gray. The Scranton members OF the doiegation
were particularly enthusiastic. They led the cheer
! Ing when Major Mckinley rose TO speak lie Sid:
/ You have all discovered in your own lives that
| II you get anything that Is valuable you nave u
/ work for 1t. You have discovered In your own
experience that there Is no way To earn living
or accumulate property except by labor and toll
energy and industry. and by frugal savings: and
knowing that all that you are interested In AT
| this moment Is how you can best use what you
| have-your labor. your farms, your products In
word, all you want Is an opportunity to work
| (applause) and when that opportunity Is fur
nlshed you will faithfully perform the labor.
! There are not enough minis In the United States
! or I'm the world to give employment to the miners
! OF Pennsylvania. Great laughter and applause