People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-09-17

| a@-hOAAANo VIZ buO|COef aA0
when you understand those principles you
understand the money question. What is
the principle that underlies it all9 It Is
that the law of supply and demand applies
to money as it does TO everything else.
You know that II the worlds crop next
year OF certain article is very much great
er than the crop this year, that article will
fall In price; II the crop is much smaller
than this year, the article will rise In price
You know that the law Of supply and de-
mand reaches and controls money as well
as other forms Of property. 1t reaches and
controls all sorts Of property.
Increase the amount Of money more rap
Idly than the demand for money increases,
and you lower the value Of dollar. De-
crease the quantity OF money while the de-
mand for 1t increases, and you increase the
value Of dollar. When you understand
that you understand the essence Of the
money question. When you understand
that, you understand what its effect Is on
you, and then you can tell where your in
terest lies When you understand that
principle, then you understand why the
great crusade in favor Of the gold standard
finds It's home among the holders Of fixed
investments, who, by such legislation,
raise the value Of the property which they
hold.
am not giving you my authority for it
can quote you authority which our OPP
ponents dare not question. have called
attention, and l shall continue to call at
tention, to q remark made by Mr.. Blaine
in congress on this subject
What Blaine Said.
He said that the destruction Of silver as
money and the establishing of gold as the
sole unit Of value must have ruinous
effect upon all forms of property, except
those investments which yield fixed re-
turn in money; that these would be enor-
mously enhanced in value and would gain
disproportionate and unfair advantage
over every other species Of property.
There Is a statement that no. man who
has respect for his reputation will dare to
dispute that the establishing of gold as the
sole unit OF value throughout the world and
the destruction Of silver as standard money
means that you shall destroy the value of
all property except money investments
that call for fixed amount of money.
1t means that you will give to those in
yeStments and to this one form of prop
erty-money an advantage over every
other form of property.
When you understand the effect Of the
policy and then understand that the desire
for 1t is manifested most among those who
hold the fixed investments or trade In
money, l think you will come to the con-
clusion that have come to-that the fact
that the gold standard is a good thing for
them Is the principal reason why they are
In favor Of a gold standard
When you make up your minds that the
I gold standard is a bad thing, then the only
question that you have to consider is, How
can you get rid of IT. Our opponents may
raise objections to the plans which we pro-
pose, but want to suggest that you are
interested not so much in knowing the
objections to our plans as in knowing
what plans they have to relieve the condi-
ton.
Why don't they propose somethingf Is
1t because they don't know what ought to
be doneS II so, they are poor people to lead
you out Of bondage
Is 1t because they know and will not
tells II 50, they have not the candor that
should be possessed by those who would
redeem people from their suffering and
distress They say that our dollar will be
IS cent dollar. They refuse to apply to
the silver that is produced in the world the
law Of supply and demand.
We say increase the demand for silver
by legislation and that new demand, act
ing with the demand now In existence,
will operate upon the price Of silver. We
say that that new demand will be sufficient
to consume oil the silver presented at the
mint and being sufficient, will raise the
value Of silver bullion to sl.99 pr ounce
throughout the world
We have reason for our belief: They
simply say, 1T won't do It; 1t won't do
1t, and then sit back and propose abso-
lutely nothing
/ have known some Of our opponents 10
use this sort Of argument: Why, they say,
II the free coinage Of silver makes silver
dollar equal to q gold dollar, 1t will be Just
as hard TO get silver dollar as 1t Is to get
a gold dollar. Do you know what they
overlook They overlook the fact that
when we bring silver into competition with
gold and increase the supply Of standard
money that, while q silver dollar will be
worth a. much as gold dollar, It will be
easier to obtain, with the products Of toll,
o silver dollar or o gold dollar than Il ID
today.
Our complaint Is that the same hostile
legislation which has destroyed the demand
for silver and driven down the price of
silver when measured by gold has also IN
creased the demand for gold and driven ND
the price Of gold when measured By other
forms Of property, and that the opening Of
our mints to the tree and unlimited coin
ago Of silver VIA operate 10 bring more
money into circulation and thus lessen the
strain that has existed for gold, and that
BY increasing the demand for silver we
bring silver up until silver and gold melt
ct the ratio now fixed by law, and silver
dollar and gold dollar will be Of the same
value here and al over the world.
To Those Who Are .Afr.id-
l simply want TO say this II thereis any
person here who Ia afraid that under the
policy proposed BY the Chicago platform
we are going to have food Of money and
that you will DO drowned in 1t, we cannot
appeal to him for support But II there Is
anybody here whose experience Is such that
be 10 willing to risk the disastrous oonse-
quences Of that food upon him, we ask
you to consider whether we are not entitled
to your vote
We have waited for more than 20 years
to have the benefits Of bimetallism brought
to US BY those whose interests are opposed
4