New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-13

length OF time and therefore shall NOT aetan you
any longer than>to Simply say that the Nauonai
Committee after haviug aeeonP,isned a s W y,Sht
after being thoroughly Sr dnas
authority In this country, and nave the resposes
r rsS% '''''"s'''"'' "~, ~. (
SENATOR cAFFERYs SPEECH. 5
When the applause which followed the reading
OF the kilograms had subsidized Mr. Bynum In
troduced Senator Caffery. Senator Gallery was
warmly received He said in part
General Palmer: l charged with the pleasant
duty OF notifying you behalf of the National Dem
ocratc party, that you are its nominee and candi-
date for President OF the United States. Under or
binary circumstances elaborate a. extensive state
ment of the causes which led up TO your nomination
would be appropriate but the Democratic party Is no
longer solid The Chicago platform shaped and drove
the wedge that has separated II in twain. compari-
son Of the Platforms adopted at Chicago and at In
dianapolis dscloses the reasons for the separation
Glen, and accepted docirnes Of true Democracy 1t
declares In unequivocal terms for tarin lor rev
s snns csnase the dSorCemen, Of the Government
from the banking business, with SAFE ana elastS
in volume by the needs Of business the indepen,
dence and integrity of the Supreme Court: Individual
foreemen se Of Fedes law by the Presden 10
certain sound comes from indianapolis Clear dis;
every nook and corner OF the Republic:
The Chicago platform is precisely the opposite Of
Tor revenue only is denuded Of its Democratic force
by dropping the word only" thus leaving "a. woe woe
dinal tenet. You and the pubic know the deadly
made IN The TO- ar ne To a
fecns Federal propeTy or b ana at b
on the public credit and honor; the present money
standard and of the threat Of unlimited issue OF pa
specify the departures from the Democratic doctrine
contained in the Chicago platform. The world KNOWS
them and IS amazed a. them.
Briefly sketching the financial history Of the last
few years. the Senator continued as follows
The war on the standard Of value opened with
the bill to repeal the purchasing clause of the Sher-
man act 1t was but skirmish the silver forces
and boldly challenging the sound money men to
battle at the polls: The battle is now on us and
The nominee Of the Chicago platform proPoundss
that the free Sonaee In the United states aons OF
from gold Just much Of its purchasing power as
ne raasa s By the He
tend that free and unlimited coinage by the United
its Coinage mage value and thus make silver bullion
worth 81 % per ounce throughout the world: we
the keystone of the bimetalc arch. Take away
from gold in the United States just so much OF its
purchasing power was added TO II by the demone-
tzation silver and still the Utopia Is not realized
With silver worth 81 p per ounce throughoYt the
alone bimetaiiism is further off than ever. As the
enhanced value given to gold by Isl Eron nor ,ns
viii beyond all Question continue TO exist. the
proposes TO give us 5O-cent gold dollar in America
for 1oo-cent gold dollar in London ne does S NOT
but. strangely phanthropic gives to silver through
out the world the gold value OF p per ounce pnne
that might assist TO describe the scheme:
What mighty rise from trivia. things
And can exclaim:
VIVA; trivial results from mighty causes spring
Is it possible that gold is to be debased and
silver TO occupy its place merely TO satisfy theory
shown by It's author to be false? Silver according
Throughout the world This makes it precisely y
equal the present gold dOa5 This ssndaTd IS Is
exactly its counterpart AS Mr.. Bryan makes no
claim to worldwide hslying Of gold and confines
against it to her own borders. he gives us 20 20
silver dollar and 9o,sent gold d6ar ~ ms
raising the worlds silver to 81 % per ounce meas
ured IN the worlds gold price
A CHANCE FOR THE ROTHsCHILDs
Here is another picnic for the Rothschilds, the
ryndicates and the crowned heads of Europe
rnry will corner silver easily gold, since
heir Vaccinations are rendered easy in the United
States by thus demonetizng gold for them to be-
Kin with. But the British and European Powers
and consprators may have few battered rem
nants Of conscience left They may oD'ecs ibay
countries, which more than equals In potency the
legislative fiat of the United States In order 10
protect themselves from a 200-cent silver dollar.
hey might illuminate thus: We ordain and estab-
ish that hereafter gold dollar shall be legal ten
der at 100 cents and silver dollar at 90 cents
Then let opposing jurisdiction clash Then would
values rise and fall with the appearance or disap-
Eagle II the old Titanic battles of the gods upon
Olympus were fierce enough to shake , the EARN,
now fearfully would the war OF Giant flat against
Giant Flat convulse and rend II? IL, =. j.,
OF course Mr.. Bryan knows that gold will take
sght 10 countries where legislation adds TO its
yalue and our devoted country Will be turned over
% the silver standard which win be as oppressive re-
vas alleged to be. Silver monometalism will reign
supreme. The mine owner Will rejoice but me
DOOR people will find their dreams rudey broken
ind their idolatry Of the silver Goddess suddenly
disturbed. The Mexican peon the Chinese coolie
the ranchero of Argentina will rejoice in the pos
vesson Of silver dollar ofcu the yevt' theetalay
chasing power everywhere throughout me glo n
will be the apothosis of Bryan-the alchemst VINO,
iisregarding the claim Of his own people Tor MS
benefactors scatters his gifts to the silver UNI
will not notice the impassioned appeals made by
Mt Bryan to GUl osn
he arts of the demagogue. the cause which ne au,
yocates must be poor inde Zee the beS poston he
akes. but makes up In assertion what ne lacks IN
deprecated and that the Of the depreciation
8 the appreciation OF gold.
WHY PRICES HAVE FALLEN.
Prices have not deprecated abnormally The de-
cline in the prices Of all commodities from 1910 u
1884, as found by the authentic report OF the SEN
ate Finance Committee. was only rs per cent from
the ba sic line of 100 taken from the prices oil 1901
The prices during the inflated period being care.
fully reduced a gold basis. According TO thai
report, food products and lumber advanced ana
the prices Of clothing, fuel, metals, drugs ana ana
and fall was not regular but see-sawing as the
markets were affected By Supply aaa snce
1873, introducing improved methods OF production
and manufacture in all branches OF industry. Any
pne can at glance that new and improved
methods have brought about lower prices by rea,
son Of diminished cost Of production Ihe trend
Of civilization is toward lower prices. especially
for the prime necessities Of life. The decline In
the rates of transportation has more than kept
pace with lessenng cost of production and manu-,
facture. and the human race to-day, with a Rod
standard elevated the Industrial field. is bet:
ter educated better fed and clothed and housed
than in all its history. Labor has demanded and
received more and higher wages. has become more
and efficient In every department of industry.
and nowhere under Gods heavens has the laborer
rod md Cd hotta I,l