Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1896-09-01


Would American free coinage Of silver at
10 to ! make an ounce of gold that now
puys thirty-one ounces of silver buy but |
age of silver increase the market price of |
an ounce OF silver now worth is cents to |
123 cents?
Faliacfes of the Free Silverites.
THE. free slverites say, in one breath. |
that the gold standard causes low prices
lower standard than gold, and because. as
they claim it is nearer to the price of |
goods goods and would bring all goods to higher
cte,ivab.e Inconsistency, they say that free
silver will cause such a demand for silver
ihat It, II Will be kept at par with gold; that
cents TO Sig per ounce. If the last state
!ilent Is correct, prices would remain at
the present gold standard. and the farmer
WIZ have to use the same number of bush
els OF wheat to pay his debts under free
s.lHer saH that he now pays them under the
Bryan. free silver Will bring the silver to
the value of the gold dollar. If so. no
Farm would be done; but where would the
cheap dollar come from that the Popo-
Gratis are crying for? This vital inquiry
IS so completely answered in the Septem-
Der. 1885, Review of Reviews. that We make
no apology for calling your attention to it,
because. it conclusively shows we cannot
do 1t alone. (Applause.)
Free Silver Is Silver Monometallism.
DO we want silver monometallsm. for
that is what free coinage means? We have
not not gold monometallism now, but prac-
nations capacity to pay 100 cents for SO
cents Under the gold standard we kept
s:de by side with gold four times much
crlate prior to the awful crime of '73! Our
experience has shown that without an in
,ernational agreement. there. is but one
country and that is by making the more
precious metal the standard. Applause)
.. Kspubllcans have been the best friends
10 silver this country has ever known. ZAP
plause) We have kept in circulation since
that terrible crime OF fSs more than $50
per cent as much silver We coined and
circulated during the eighty years prior to
1913. The proposition which the Missouri
democracy. under the leadership of Mr..
Riahd has urged is one which has neither
or good business sense. (Applause) 1t will
send this country to the low financial level
OF Mexico South America. China and jap
an. Instead of being a measure of expan-
sion. free coinage will drive out $500. COO 900
OF gold and produce utter loss of conf
deree. de Such ',, an instantaneous contraction
OF credits will take place that the greatest
panic this country has ever known will be
precipitated. The basis of all business
prosperity is peace, repose and confidence.
lApplause.) Under these conditions alone
Is labor sure Of employment. The free
silver and free trade agitation has thrown
since 1898 and until the free silver heresy
is defeated and protection restored there
Will be neither settled business nor secure
(Cheers.) The vast amount of money to-
day In the banks of this country demon
strates that there is no lack of money.
The Real Creditors.
1.-THE men and women who, in the shops,
at the forges, in the factories, stores and
offices. give to their employers the credit of
a days. a weeks or a months wages, are
the great creditor class in this country.
The money annually paid to the iaboring
| proclamation is estimated at three billion
dollars. The laborer. is thus the cri ditor
whom the Popocratic party proposes to
Pay IN nons d value The effect Of
| purchasing power of every dollar the
American laborer receives for his toll. AS
the Popocratic party has been heretofore
the greatest enemy human labor has
| ever seen, so now, in lieu Of our present
| honest dollar Of the greatest purchasing
power, it proposes to give to the laborer
% cents where he now receives 100 cents.
| (Applause) He who ina gines that he is
making war upon capital by advocating 16
to ! advocates a policy that means not
| in circulation under free coinage would be
the silver dollar worth in purchasing power
between 20 and 70 per cent of the present
| has coined and redeemed in and kept at
a parity with the gold dollar. ApplausA)
No human being can tell where or when
the value of silver would definitely settle.
but this result would be inevitable: A ter
rible state of uncertainty and perplexity
as to the value of a dollar. and OF its pur-
| chasing power. would be injected every
hour. 1t would produce such a miserable
| condition of affairs as exists in the Argen-
tine Republic to-day, where the unit of
rnge Of & durng the last t%snty
| four months. With that final settlement
You do not have the practical bimetallism
| of to-day, on a gold standard, which has
more than doubled our good money cir
| culation, and, with protection and recip-
rocity, gave us Republican prosperity.
| CCheers) -, n
Wages Will Not Rise.
The selling price Of commodities after
fTo1 of W
| fast. But the compensation to labor will
not rise as fast. 1t has never so risen. Its
eras of business certainty in which the ele-
ments of speculation are all absent. The
laborer's wages will not be largely increas-
| ed. but his loaf of bread and his wife's
dresses will cost twice W. hat they do now.
Relief will only come when we have re-
to to an ca
by international agreement. The gold
standard is no bugaboo. Under it every
to keep them that good. .lAppiause2 4
you want only deprecated silver money
with half its its presens pewe
of our sl.7sO.0 .0Oo.0 600 of silver, gold and pa
per dollars is to be withdrawn or destroyed
ley s'I IS elected ted more M % silver dollars viii D,
coined when needed and when they can be
| kept in circulation side by side with gold
(Applause) Every dollar coined will be al
good as the gold dollar the Republican
party has given the American laborer since
1879. (Cheers)
Restore Confidence to Business.
Gas we pleaded with you. in 1892 to lei
well enough alone so We plead with yot
now to give rest to the business interest:
OF the country. By business interests
do not mean alone the manufacturing com
merCial or railroad interests. but I INCLUDE
every man who does an honest days work
Such toiIers are over three-fourths of oul
people. Tney earn and spend more thar
two-thirds of all money handled in thl
country. Certainty Is life; uncertainty Il
collapse asd death in business. So In tn
| the Popocratic party because 1t was beatel
in advance on the tariff issue, 1t seeks t.
deceive and we'll nigh ruin the country b!
abandoning the old issue and espousing
alleged crime of 1873. which resulted ii
the practical reconciliation of four time
as much silver as was ever coined In tn
previous history Of the country. are in n,
sense the equivalent Of the disasters whicl
will surely follow the instantaneous depart
ure from the present standard to the de
preciated and violently fluctuating 16 to
free silver standard. (Applauseo
What Republican Success Means.
Republican success means a return Z
prosperity which existed during all tn
! years of Republican ascendency. Republic
an success means liberal pensions to Uniol
soldiers. the assertion of that foreign poll
, cy which means a vigorous and a dignifie
!, defense of the interests of the entire West
ern hemisphere. (Applause) 1t means tn
, maintenance of the Monroe doctrine.
. means hope and announcement of freedom