The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-17

win rhyme with syndicate is hate" ZAP
plause and cries of Hit EN- on the mead
harderiD
MR.. BRYAN DENoUNCEs.
Mr.. Bryan then went over some of the
arguments used by him before and con-
tinued as follows:
Il denounce the idea some seem to have
that the government has right to lessen
the volume of money, but no right TO IN
crease it. l denounce false and in
famous the doctrine that the government
has right to starve the people by taking
their money from them, but has no power
to feed them by increasing their supplies
When they tell YOU that you ought not TO
invoke legislation for the purpose of in
creasing the volume of currency, tell them
you are following the example set in 1873,
when the rnoney-owning classes invoked
the power of legislation to strike down a
portion of the Nations money in order to
raise the value OF the other portion.
Great applause) If they can appeal to
take away some of the money you
the law to place you back where you were.
(Applause) Some are afraid if we pass a
free coinage law there will be such an
enormous increase in the volume of our
currency that we won't know what TO DO
with it.
You can't read speech made by our
opponents but you will find contradictions
in it and one proposition will answer an
other. For instance. a man will say If we
had free silver it would give the mine own
er a profit of 100 per cent, when he took
his bullion worth 80 cents to the mint and
had it converted into dollar, and 1t is
terrible thing to let him make that profit.
After he has worried about that he will
tell you as a matter of fact that law adds
nothing to the value of the metal under the
free coinage of silver, and so cents worth
of bullion Will only be a 50-cent dollar. Both
the statements cannot be true. If you con-
vert 80 cents worth of bullion into a 50
cent dollar there is no profit to the mine
owner. And if the mine owner makes
profit by converting 50 cents worth of
bullion into 100 cents, then there are no So
Then you will hear that under free
coinage we would be flooded with silver
until money would be so cheap we would
not have any use for it, then when you
have been frightened as bad as you can be
that way they will tell you this cheap
money will run the dead money out and
1t will take fifteen years with our minis
running at full capacity to make money
enough to take the place of gold, and that
will make money that silver
dollar will be harder to get than gold
much all at once. An opponent put
that proposition TO me in debate. There
L was, 1900 miles from home, among
strangers. l had to answer on the spur OF
the moment, and 1 just blurted out l would
make more mints. Oaughter) He had not
thought of the possibility of making more
mints. After making that explanation,
lawyer told me he was glad / had called
attention to it. he had never thought
of the possibility. In order that 1 may not
leave any special cloud on the lawyer l
made the same remark. You can under
stand how d great man might be unable
to think of so small thing. as opening
vantages of being a great man; you can't
always think of little things. Great
laughter.)
JUST THINK OF IT.
"They say that cheap silver dollars will
come in and run the gold dollars out, and
then money will become so scarce the sill
yer dollar will be worth more than the gold
dollar. Just think of it. Don't you know
if the cheap silver dollars run the dear gold
dollars out, the very moment the silver
of the cheap gold dollars will come back
and run the dear silver dollars out Great
applause3 They think we are going to
repeal the Gresham law Qaughter), but L
must close.
1T is a great temptation to talk a long
dience as this, and that is the reason I
have been talking a long while all along
the me. 9Applause and voce,m;stay all
eigner could bring silver here and have it
coined and exchanged for gold and take
viii he get the gold? This 500 Government lrent
does not agree to swap dollars. 1t is only
under the gold standard that issue
bonds to get gold to furnish to anybody
who wants to ship it abroad. (Applause.)
Under bimetallism the government would
coin silver bullion into silver dollars and
gold bullion into gold dollars, put it would
not agree to exchange one for the other.
The owner of silver must find somebody
who has gold He cannot hurt anybody
by trading off his cheap silver for gold
until he finds somebody who has the gold.
You have no idea how many that will let
out from harm. Laughter)
Last Saturday some St. Louis bankers
made a statement that they were unable
to furnish gold to their customers because
of the silver agitation but they thought
that within fifteen days after correct Set
tlement of the money question they would
be able to furnish gold again. These men
who think the gold standard a good thing
confess that the people of St. Louis have
no place where they can get good money
If they want it. Can you say gold furnishes
a good standard if little silver agitation
because they say the is dying out
Qaughter)-if a little silver agitation makes
it impossible to get the gold? l think [
agitation will ever put us in that position
where will not have the standard money
of this country to do business with Great
applause.)
They say free silver would put gold at a
premium. Admit for the sake of argument
that it would. 1t matters not whether it is
at a premium or at a parity with silver.
II 1t IS at a premium people who with
silver would have to pay the premium
and If at a parity. then the silver would
be as good as gold. Not a dollars worth
of gold would leave this country under free
coinage until those who held it felt they
were benefited by letting it go. But | do
not admit gold would go to a premium. /
come here instead of staying away. and the
only way to stop the outflow of gold is to
adopt bimetallisln and raise the price of
wheat and cotton and pay our debts in
produce instead of gold. Great ap-
plauSe.)
but repetition of the days ride. At near
ly every station the train stopped a few
minutes. and Mr.. Bryan said he was glad
to the crowds. At Hickory Mr.. Bryan
made a short speech Shortly after leay-
in he rptjr p6 fort bk