The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-08-17
BRYAN'S KEYNOTE,
CONTINUED from Second Page }


the price which we NIX Many fear that
the opening Of our minis will be followed
by an enormous increase In the annual
production Of silver. This is conjecture.
Silver has been used rs money for thou
sands OF years, and during all of that time
the world has never suffered from an over
production. IL, for any reason, the sup
ply OF gold OF silver In the future ever ex-
ceeds the requirements Of the arts and the
needs Of commerce, We confidently hope
that the intelligence of the people will be
sufficient TO devise and enact any legisla-
ton necessary for the protection of the
public. Ii is folly to refuse To the people
the money which they now need for fear
they may hereafter have more than they
need. i am firmly convinced that by
opening our minis To free and unlimited
io.uage at the present ratio we can create
. demand for silver which will keep the
price OF silver bullion at Sl.29 per ounce,
measured by gold.
Some OF our opponents attribute the
fall in the value Of silver when measured
by gold TO the fact that during the last
quarter OF a century the worlds supply Of
silver has increased more rapidly than the
worlds supply OF gold. This argument IL
entirely answered by the fact that during
the last five years the annual production
OF gold has increased more rapidly than
the annual production Of silver. Since
the gold price OF silver has fallen more
during the last five years than IL ever fell
In any previous five years In the history of
the world, IL Is evident that the fall Is not
due to increased production. Prices can
be lowered AS effsctually by decreasing
the demand for an article as by increasing
the supply of 1t, and 1t seems certain that
the fall in the gold price Of silver Is due to
hostile legislation and not to atural laws.
Our opponents cannot ignore the fact
that gold Is now going abroad in spite Of
all legislation intended to prevent 1t, and
no silver Is being coined to take its place.
Not only Is gold going abroad now. but 1t
must continue to go abroad as long as the
present financial policy Is adhered TO, UNI
less we continue to borrow from across
the ocean, and even then we simply post
pone the evil, because the amount bor-
rowed, together with interest upon it,
must b, repaid in approaching dollars.
The American people now owe a large
sum to European creditors, and falling
prices have left a larger and larger mar
gin between our net national income and
our national interest charge There is
ouiy ohS Woy w sup tne ihcrcdoihB INV
Of gold from our shores, and that is to
stop falling prices. The restoration of BIZ
metallism will not only stop falling
prices, but will. to some extent, restore
prices by reducing the worlds demand
for gold.
If it is argued that a rise in prices les
sens the value of the dollars which we pay
to our creditors l reply that, in the balan-
cling of equities the American people have
rs much right to favor financial system
which will maintain or restore prices as
foreign creditors have to insist upon a
financial system that will reduce prices
But the interests of society are far supe-
rior to the interests of either debtors or
creditors, and the interests Of society de-
mand a financial system which will add to
the volume Of the standard money of the
world and thus restore stability to prices.