The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1896-09-04


coin the maximum instead of the
minimum amount allowed by the
amendment But, situated as we are,
we all know, or at best, we all have rea-
son to believe, that not dollar beyond
the minimum amount will be coined,
and consequently the process of getting
this money into circulation will be too
slow to afford the full measure of relief
which the people now demand and
need"
Mark those words. John G. Carlisle
divided society into two classes. On
the one side he put the idle holders of
idle capital; on the other side he put the
struggling masses, who produce the
wealth and pay the taxes of the country.
(Applause.) If shat division existed
then it exists to-day. More than that,
John G. Carlisle said that public Off
Ger sworn to do his duty would be con-
trolled in his official conduct by his
sympathies, and if his sympathies were
with the idle holders of idle capital he
would coin as little money as possible,
whereas, if his sympathies were with
the struggling masses, he would coin
as much as the law would permit. CAP
plause.) This is the language of John
g. Carlisle, not uttered when he was
young, as might be charged against me.
(Laughter) 1t was when he was seven
years older than am now. Applause
and laughter) | believe that he spoke
the truth when he said that society was
divided into these two classes upon any
question involving money. | believe
he was right when he said that if a
mans sympathies were with the strug-
Cling masses he would favor larger
amount of money than he would if his
sympathies were with the idle holders
nf 10 f,.;n le = ,s III
day is an issue between the idle holders
of idle money and the struggling masses,
who produce the wealth and pay the
taxes of the country. (Applause.)
And when this question is understood,
when men find out about the money
question, you will find that if there is a
man in your community whose inter
ests or sympathies are with the idle
holders of idle money, he will be in
favor of gold standard, and, not dar-
ing to say so, he will talk about "honest
money" and a "sound dollar" Gap
plause.)
But if his sympathies are with those
who produce the nations wealth, he
will be for the gold and silver coinage
of the Constitution, no matter how
many times you call him an anarchist.
They tell us that these prominent finan-
ciers are going to leave the Democratic
party because it declares for the resto-
ration of silver. We shall not go into
court to secure an order to prevent their
going. loud laughter and applause.)
The Democratic party has been
weighted down by these millstones long
enough. 1t is glad to get rid of those
who want to use the party organization
for private gain and their country for
public plumber. (Applause.)
Now INV fripnHS fhic ic onactinn
that you have right to have an opin-
ion upon, and If l could ask but one
thing of the American people, it would
be this, that the struggling masses who
produce the wealth and pay the taxes of
the country-to use again the words of
Mr.. Carlisle-I say that my wish would
be that these people would be as indie
pendent and as willing to make their
ballot represent what they mean as
the tinanciers, the trusts and syndicates
are willing to make their ballot repre-
sent what they want and what they
need. (Applause.) Let me read little
further from Mr.. Carlisle's speech.
A voice-Why do you read from Car
| isles speech?
Mr.. Bryan-Why, because no man has
presented more forcible argument in
favor of bimetallism than Mr.. Carlisle
has. Great applause and cheering.)
Let me read now what he says of that
bill: "But it will certainly offer some
relief. 1t will reverse the grinding pro-
cess that has been going on for the last
few years" Aye, away back eighteen
years ago he spoke of this as the grind
ing process, and, my friends, it does not
! Tighten the effects of the grinding pro
cess to call it temporary embarrass-
ment. (Applause.)
He said instead of constant and re-
leptless contraction, instead of constant
appreciation of money and depreciation
of operty-thatisw what we have seen, a
constant appreciation of money and de-
probation of property-he said: EN-
stead of these, we will have expansion
to the extent of doubtless $2000,000 per
month, and under its intluence"-now
what is going to be next? Mr. Carlisle
knew in 1878; he said; "Under its intlu
ence the eXchangeable value and the
commodities, including labor, will soon
! begin TO rise" That is what he said in
1878. But what will be the effect of it?
"Thus inviting investments, infusing
life into the dead industries of the coun-
try and quickening the pulsation in
trade of all its departments" He under
stood the laws of finance. He under
stood what was the effect of adding this
money to the circulation, and, my
friends, if he stated the truth then, that
truth has not changed since then, nor
can it be changed, though every one
who spoke for it should turn his back
upon it.. (Applause.) Truth lives. 1t
is the one thing that will not die.
quote these words to you to show
you that by the increase of the volume
of money we expect to stop the constant
appreciation of money and the constant
depreciation of property. There is a
difference between the owner of money
and the owner or producer of property.
Let me illustrate. Suppose man in
this community-a young man-tinds
some young woman who is willing to
trust her future to his strong right arm,
and they start out to build a home. Not
having enough money, they take what
they have saved together and they buy
farm, paying $1,000 down and giving
mortgage for the other $1,000. And
what is the result? Suppose money
rises in value? Suppose you take a no.
ton you want good dollar; a high
priced dollar, dollar that keeps get
| ting higher-priced each day? Suppose
that you have dollar that gets to be
twice as good as it was when the man
gave the mortgage? 1t means that
each dollar will buy twice as much. 1t
means that 1t will take twice as much
of the products of the farm to buy the
dollars and pay his debts as it did be-
fore.
What is the result? Why, the result is
that while it requires twice as much of
| the products of the farm to pay the in
/ terest and twice as much to pay the taxes
and twice as much to pay the debt, the
man finds out that he is not able to pay