Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-09-18

Charlotte, y. C., September 17.-Wil-
liam J. Bryan began speech making
early to-day after a night Of rest in his
spec.a. train. He left his sleeper here
at s a. m, and was escorted to the post
Office park by the Hornets Nest Rifle
men and local Knights Of Pyyhias
commandery of mounted men.
Nj. Bryan spoke 2s follows:
Ladies and Gentlemen:-Th Repub-
lican party has been iegiS,ating 10 make
a dollar dearer and then they deny that
legislation has anything to do with the
dollar | want this morning 20 cal al
ltention TO the conditions in the volume
or our money. Now | want 10 assert =
frs, 2s a proposition that cannot be
dispOss5 Of. that the money of the coun-
Try must keep pace with the population
OF the country and with the industries
lcf the country. Cheers. And, that
un.ess the money does so we shall
find that a dollar rises in value all the
time. Now when a dollar rises IN value
it simply means that prices will fall, and.
falling prices are an injury TO the men
who produce the wealth of this country.
Failing prices are good for the man who
has and wishes TO use that money to buy
the things falling in price.
Senator Sherman, who stands at the
head and front as the recogn. .zed leader
of the Republican party and all that
portion of the Democratic party which
is trying to elect a Republican for Prs
ident, uses these words in a speech
which he made in behalf of the sherman
bill on the 5th day Of June, 1890: IF
uor present currency" said Senator
Sherman, 'is estimated at one billion.
four hundred million dollars, and our
population is increasing a the rate OF
three per cent. per annum, it would re-
uuire t1rty-cwO million dollars increase 4
circulation each year to keep pace with
The increase Of population, and as the
increase Of population is continuing at
a still greater rate than the increasa of
wealth in business il was thought that
an mediate incre2s? of circulation
might be obtained by the larger pur-
chase Of silver bullion 10 an amOut SUI
ficiert TO max good and retire al bank
bills and keep pace with the growth Of
population. Assuming the iifty-four
million dollars q year of additional CIR
culatior is needed upon this basis. that
amount is provided for in The bill by the
issue Of treasury notes 20 exchange for
bullion al tha market pr.ce.' Mr.. Sher-
man. you see. declared that money must
increase with population, and even more
10 !
nc-s should increase more rapidly than
population. and therefore he defends
the Sherman bill on the ground that 1t
gives 20 the people about fifJy-fOur mil
Ion dollars each year in ne wmoney.
Remember that the v-ry man who gave
that did so as a reason for the enactment
of the Sherman law. and then turned
around and joined with The opponents
of free coinage in repeating the Sher-
man law and leaving nothing to take rs
place. Instead OF having fifJy-four mill
lion dollars of new money each year,
we have been decreasing in our circG-
lation for the last two ars.
I have hsre a government publication
issued on the first day Of July, 1896
which gives a table showing the d.
crease Of the money in circulation
among the people. According to this
We mad in circulation in mis- country on
the thir; euLh day OF June. 1874. SL66O.-
coo COO: on the thirteenth day Of June,
a year af,erward, in 1895 it had fallen
to 81 col .OOO. coo. a fall of fifty-n.ne mil
lions Of dollars IN the circulation in Cn0
year. whereas Senator sherman sald lc
ought 10 increase ffty-four millions III
that time: so if you will take t-e actual
defcjt and add TO that the amount We
ought 10 have had you Will find a deficit
of over one hundred of millions OF dol
lars in circulation in one year. By the
seth Of June 1885. this year, that had
fallen from one billion six hundred and
one million 10 one billion five hundred
and six millions, fall Of nlnety-tye
millions of dollars in the amount or
money in actual circulation among the
people in a single year.
You add TO that the tifty-four million
dollars we ought 10 have had as an IN
crease and there was a deficit in one year
cf more rhan one hundred and fifty mill
lions of dollars. In TWO years there has
ben a decrease in The amOunt Of money
in circulation Of TWO hundred and fifty
millions Of dollars from what there
should have been. Now. my friends,
these are not vain imaginingS; taese
are not the ya2or-nSs Of lu-
nssics and cranks (Applsuse). Thssa
are the statements made upon the testi-
monv of one Of cur opponents, so short
a lime ago that evln they have
not forgotten that the truths they stated
are still alive. applause. What pro-
vision does the Republican party make
for the supply OF the money mat you
nae52 None whatever. l am not sur
prised that even men who have BEEN
ReDublicans all their lives are now n
favor Of the free coinage OF silver. Gap
plause).
I am not surprised when I find that
Ranub'icans who recognize their princ.-
PIES of finance and apply them 10 the
money question. desert the Republican
p3ry this wear when il comes out ana
attemnts 10 defend the Democratic ad-
mia.strstl9n which was repucla'ea Dy
the Democratic party Itself. (Great ap-
plgusel You remember here IN North
Cs~orna the Republicans have mace
t7rora caDitaI by denOuncing this ADMIN
;s.~a on rbqn in any other way WHAT
d yol mink now when the Republicans
os To~+h Cerolna become the sponsors
~ tho Denocra.ic administrator. (Wid
app,ause). am no, surprised thaI earn
est and sincere Republicans prefer 10