The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1896-08-29
ANOTHER CONVINCING SPEECH
BY WIN. JENNINGS BRYAN

where have been the support and the great
support of every measure of reform. Ap
plause.
"Now you have right 10 take this ques-
ton. examine it, and form your own opinion,
and the ballot is given to you in order that
you may express your own opinion when you
somebody else's opinion.
FACTS TO BE CONSIDERED.
''And am going to call your attention to
Just few things this afternoon for you to con-
slider when you are trying to make up your
minds what you are going to do.
Now our opponents are all divided as to
the policy which should be pursued. You
take the gold standard Democrats. Some of
them say they ought to come out openly and
indorse the Republican candidate, so as TO be
sure and elect him. Others say No, that
would be dangerous, because unless we have
candidate of our own there will be a great
many Democrats who will be foolish enough
to vote the Democratic ticket
ALL HAVE THE SAME OBJECT.
"And there they are divided. They all
want the same object. They all want to elect
the Republican candidate, because they be-
lieve that Democracy is better exemplihed
through Republicanism daughter and ap-
pause) than through Democracy.
''But l say they are divided as to the means
of getting at it, and some say that they can
elect the Republican candidate better by hav-
ing candidate of their own to fool Demo-
Gratis with than they could by openly support
ing the Republican ticket.
CONTRADICT EACH OTHER.
''Not only are they divided there, but they
are divided all the way through when they
come to argument. Why, some of them will
start out to show that the gold standard is a
good thing, and after one of their speakers
has got well on showing how great a thing the
gold standard is, then another speaker comes
along and SAYS il is mistake to say the gold
standard is good, the gold standard is moi
good; what we want is bimetalhsm, but We
can't have it until somebody helps US. Now
those two arguments are not consistent. /
the gold standard is a good thing, why shoulC
they want bimetallism And yet if they eve
have two men making speeches the same
night, the chances are l6 to ! that one ot
them will praise the gold standard as good
thing, while the other will tell you how anx
ious they are to get nd of 1t.
ARGUMENTS OF A REPUBLICAN.
swell, then, they come to the details o
the argument. One man says the reason why
he does not want free coinage is that he doe
not think that the Government should pass {
law that will enable silver miner TO take 81
cents worth of silver bullion and convert
into hundred cents and make the difference
''And he will get red in the face, becom
indignant at the idea that the Government
should attempt to help some individual in thi
way. Of course. he may have been in favo
of a system of taxation that would yield 20t
or 300 per cent. but that doesn't count. Iti
a terrible thing 10 allow the silver miner tt
make that profit.
THE OTHER MAN TALKS.
''Then the next man who comes up will sa
that as a matter of fact the stamp of the Gov
ernment adds nothing to the value of tn
metal, and that the free coinage of silver sim
ply means that you convert so cents worth 0
bullion into a 50-cent COLLAR, and nobod
makes any profit out of it (Laughter.)
~ say that the chances are that if you hav
two men make speeches on the same platforr
in favor of our not taking any action unit
some foreign nation helps US, you will fin
that one of them will in all probability max
one argument and the other will make tn
other argument, and very often the same ma
makes both arguments. Laughter and al
plause.)
ABsURDITY OF THE CLAIMS.
'Now you can see the absurdity of it.
the silver miner, under the law of free coinage
finds that his silver bullion is raised so tha
that which is now worth 80 cents will be wort
100 cents, then there are no 50-cent dollars
and if the other man is correct, and the la
adds nothing to the value of the metal, an
You simply convert so cents worth of silve
into 50-cent dollar, then the mine owner ha
not made a cent. (Applause.)
''If there are two men to speak against OF
position, one of them will probably say tbs
there has been no fall in prices, and he wi
denounce the people who complain that gol
has risen in price. and after he has proved thi
to the satisfaction of every man who does nj
think, then his colleagues will come on an
tell you that not only have prices fallen, br
that it is the greatest blessing in the world
have prices fall. Laughter and applause.
OPPONENTS NOT UNITED.
"Those two are not consistent, but it 10
lows all the way through. Why is it 1t
because our opponents have no theory, n
principle. no policy upon which they are pr
pared to stand and fight. They do not dal
! TO say that the gold standard is good thing
because no party in the history of this countr
| has ever declared in favor of gold standar'
and they do not dare to say that it is ba
thing, and then tell seventy millions Of liber
loving people that they have got to suffer uni
some foreign nation comes and brings the
relief. Applause and voice, That is right!
FUNDAMENTAL. PRINCIPLES.
II want you to remember that in the di
cusson of this money question there are ce
tain fundamental principles; and when yo
understand those principles you nnderstan
the money question.
~ was out in portion Of the COUNT
where they irrigate on large scale, and
found enormous plants, and in investigator
them this thought occurred to me: Whs
principle is it that underlies the subject of i
rigation2 There is a principle that You mui
understand before you can do anything in Il
way of irrigation.
HOW TO IRRIGATE.
What is the great underlying principle2
| is that water runs down hill. daughter
| Until you learn that, you cannot do anythin
toward irrigating farm, but when you u
| derstand that water runs down hill then all yC
have to do is TO dig ditch with slant to i
and you can carry wafer wherever you wa
to. (Laughter).
s'Now, so It is with the money question
| You have got to find out the fundament
principle which underlie the subject, an
when YOU understand those principles you III
derstand the money question. What is th
principle that underlies it all? 1t is that th
law of supply and demand applies to none
as it does to everything else.
SUPPLY AND DEMAND.
s'You know that if she worlds crop ne'
wear of a certain article is very much create
than the crop this wear, that article will fall
price; if the crop is much smaller than tn
year, the article viii rise in price. You kno
that the law of supply and demand reache
and controls money, as well as other forms {
property. 1t reaches and controls all sorts {
property.
ifInerease the amount of money NOR
rapidly than the demand for money increases
and YOU lower the value of dollar; decreas
the quantity of money while the demand fc
it increases and you increase the value of
dollar When you understand that, you III
derstand the essence Of the money question
When you understand that you understan
what its effect is on you; and then you ca
tell where your interest lies. When you ur
derstand that principle, then you understan
why the great crusade in favor of the gol
standard finds its home among the holders {
fixed investments, who, by such legislation
raise the value Of the property which the
hold.
81 am not giving you my authority for 1t;
can quote You authority which our opponent
dare not question. / have called attention