The Superior times. [volume] (Superior, Wis.) 1870-1912, 1896-10-03

ment to avail itself Of arbitrary power to
! debaSe the coin which II had once issued
ana which you have earned by hard days
work and laid away for a rainy day. lat
IS the robbery. Ii was called robbery in
the Fifteenth century. IL is robbery in
/ the Nineteenth century, isn't it, 1t is
WOrse robbery now because we ought 10
be a great deal better in this century than
We were in that. Here is the other-this
| is the Gresham law that ne announced
| that 1t is impossible for good full weighted
coins and debased coins 10 circulate to-
getner- Why? If YOU owe me SO and
you have in one pocket a $40 gold piece
and you thought there was particle OF
danger, which there isn't, Of Bryan's being
elected president of the United States
which would you give me. Laughter and
applause.J You would give me the money
which you suspected You would say to
yourself, l have the right to do either. I viii
solve the problem in my own favor. I Will
keep the better for nv wife and children.
[Cries of Good, good. That is what you
would do You would keep the good and
give me the cheaper"
\ voice-So would anybody.
That is human nature. Why II YOU
knew a man had to eat an egg for break
fast and you gave him fresh egg and a
bad egg, you wouldn't have any doubt
about which he would eat would you? IRE
newed laughter 1t is precisely the same
principle 1t is the selfshness of human
nature and it is right because It is i'm
planted by the God who made us, in every
human heart. 1t is that selfshness that
kes you, as you have a right to do pre-
fer your interest and the interest OF those
who are dependent upon you, to the in
terest of anybody else [Applausel
Perhaps this will get into the news
paper and some OF our friends on the other
side will read it down in North Carolina
and learn something about the original
principles of finance.
Ratio of Gold and Silver.
Fifth, that the coins of gold and silver
must bear the same ratio to each other as
the metals in bullion do in the market
France in a single century had to change
her ratio some say 113 times, others 80
Everybody admits. vast number Of times
because Of the change under the operation
of the laws of trade, supply and demand
, in the commercial value of the coins. Now
little further and | am through
A vOice-Is coal supply and demand or
combine and trust2
Il am not talking about coal. I am talk
! ing about money. l don't think myself
! that the Democratic party is in a very
| good position to-day TO say much about
]
/ ever was embodied in the legislation of
/ any land was put into the Wilson tariff
| by them for the benefit of the Sugar
| trust" [Cheers.l
yoice-Put that in your pipe and
smoke it.
Il am not through with that subject yet.
/ And while the Democratic party declares
! against trusts it demands that that infa-
nous trust in the Wilson law shall be per
| mitted 10 stay there and to fitch the money
! from the labor of this land until the couu-
! try is put upon a free coinage basis TAp-
plause I am not speaking upon the as
sumption that my friend is in any wise
! hostile to the position which l am taking
! here tonight. He asks me about the eff
/ feet of the law of supply and demand on
/ the price of coal. Sometimes a combine
! will defeat the operation of that Just as
/ the Sugar trust has defeated the operation
of the laws of trade with the assistance
of the Democratic free trade congress.
/ Nov let me 80 along a moment. After
wards in the time of Henry VIII. Sir
! Thomas Gresham. proceeding under the
/ direction of the king Of England investi-
/ gated the disturbance to the coins of Eng
/ land and came to the same conclusion as
/ had been reached and promulgated long
/ years before his day. The law which he
] formulated this: When two coins Of
/ the same denominations but differing in
! commercial value, are current i'm the same
nation that which has the least value will
| be kept in circulation and the other with
drawn from it as much as possible and
I boarded. melted down or exported. In
short, that bad money always drives out
good money. Don't you think Alexander
Hamilton knew that Don't you think
Thomas jefferson knew that? What pity
IL was that Bryan did not live in that day
and generation to instruct Hamilton and
/ jefferson in finance. applause And so
/ they fixed the ratio Of gold and silver