Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1896-09-09

that parity between our silver and gold
coins which the law declares is the
policy of the government, aud because
he has the courage to execute the pow
crs given to him by the resumption net
to carry out that declaration of public
law. undertake, therefore, 10 say
that II MIR. Bryan, or Il man holding his
views, were in the presidential chair,
without any legislation by Congress, We
should be on n silver basis in q weeks
time. (Applause).
THE silver question-what is it? Do
you want silver because you want more
money, n larger circulating medium? |
have not heard anybody say so. Mr..
Bryan is not urging it upon that basis.
III anybody were 10 seek to give that as
a reason for wanting free silver he would
be very soon COMPOUNDED by the stale
ment that free silver would put more
gold out of circulation than minis Of the
United States could possibly bring in in
years of silver, and that instead of hav-
ing more money we would have less. zap
plausc.) With Il six hundred and odd
million of gold driven out of circulation
We will reduce our per capita money of
this country between eight and nine dol
lars. So il is not for more money. We
have an abundant supply of circulating
nledlum-gold, silver. national bank
g~reenDncks, treasury notes, fractional sill
yer. We have something like S2I per
capita OF our population. What is it,
then, that creates this demand for silver?
IL IS openly avowcd. 1t il not more dol
lars. but cheaper dollars that are wanted.
LUIS n lower standard of value that they
are demanding. They suy gdid has gona
up until it has ceased TO be n proper
S,andard Of value, and they want silver.
But how do they want it.
Now, my friends, there is a great
zeal of talk about himetnllism and the
doubie standard and a great deal of con-
fusion in tho use of those terms. BIZ
mctallism is the use of the two metals
as money where they are both used.
by q double standard they mean that
We shall have a gold dollar and n silver
dollar which will he Il unit of ynluc
by which all property and all wages
and everything is 10 he measured. Now.
our fathers thought that when they used
these two metals in coinage they must
determine the intrinsic relative value of
the two. so that n comparison of tho
markets of The world would show inst
what relation one ounce of silver bore
to one ounce of gold: how many ounces
OF SILVER II took to be equal TO one ounce
OIL gold IN the markets of The world
wncre gold and silver were used, and
thcy carefully went about asccrtniDing
That. Thomas Jefferson and Alexander
Hamilton gave their great powers TO
the determination of that question. and
they collected the market REPORTS and
thoy studied with all their power lbnt
question. and when they found what
appeared TO be the general and average
relative value of these two metals thew
liked upon q ratio between them. Now.
what was tho object of all that? Why
did they lump il all? Because they fully
understood that unless these dollars were
OF The same intrinsic value that both of
them could not DC standards of value.
and both could not circulate. Zap
plausc.)
AS things are now the silver dollars
that we have are supported hy the gov.
crnmcnt, and the government that sun.
ports this silver bullion has issued these
dollars on its WI %acc0unt--not for the
niue owncr-and il has pledged its so.
cred honor it would make every ono of
these dollars MS good MS n gold dollar.
Great applousc.) And that is n power.
ful support. Our Populistic friends pro-
posc ina INC mhn VINO Digs silver out of
the mine may bring il TO the mint and
have It stamped aud handed back TO him
MS a dollar. the government having no
responsibility about II. These men
would reject with contempt the PROPOSE.
ton that FREQ coinage was TO come with
n pledge on behalf of the government
TO maintain the parity of tho two dollors
(Applausc.) But this fccling is we'll
| adapted to touch The nrcyoilinr mor;can
bumptiousness and vol ndoniod ~
touch Thai pr,iudice oro;nst Mrn,, nJ
which many hnvc I'm, 'e.""n" Dns'a NV
th;ng oursoiyesS Il ~, Anu we no ..ls
~. 20 viii 10 i o. ~ H"nst,on wnetn'
sent wbe,h.r ". NAV aml ooIS con,
w. Mnetnel We may, VI "sh 'ne coop
roll Won What his govorrm nm do
cnn declare bv law WHAT m sIo, un bc tho