The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-09-17
BRYAN IN
N. CAROLINA.
Discusses the Almighty Dollar
With the Tar Heels.
Makes His Principal Speech at
Charlotte.
CITES JOHN SHERMAN
Quotes the Ohio Senator on
Financial Matters.
Money Should Increase as Pop
ulatiOn Increases.

Charlotte. N. c., Sept. 17.-Wm J.
Bryan began speech making early in
the day after a night of rest in his spe-
c1al train. He left the sleeper here at
8 a. m and was escorted to the postof-
nce park by the Hornets Nest Rifle
Men" and a local Knights of Pythias
commandry of mounted men. There he
addressed several thousand and left
for Durham
Salisbury, N. c., Sept. 17.-At Char
lotte Mr. Bryan spoke as follows:
Ladies and Gentlemen: The Repub-
hcan party has been IegisIating to
make a dollar dearer, and then they
deny that legislation has anything to
do with the dollar. 1 want this morn
ing to call attention to the conditions in
the volume of our money. Now 1 want
TO assert it first, as a proposition that
cannot be disposed of, that the money
OF the country must keep pace with
the population of the country and with
the industries of the country. (Cheers)
And, that unless the money does so
we SHAH find that a dollar rises in val
ue all the time Now when q dollar
rises in value it simply means that
prices will fall, and falling prices are
an injury to the men who produce the
wealth of this country. Falling prices
are good for the man who has and
wishes to use that money to buy I'D
the things falling in price
senator Sherman, who stands at the
mead and front as the recognized leader
or the Republican party and all that
portion or the Democratic party which
is trying to elect a Republican for
president, used these words in a speech
which he made in behalf of the Sher-
man bill on the 5th day of June, 1890:
II our present currency said Senator
sherman, is estimated alone by bull
lion, four hundred million dollars and
our population is increasing at the rate
OF ) per cent per annum, it would re-
Qu1re AZ million dollars increased cir
culat1on each year to keep pace with
the increase of population, and as the
increase of population is continuing at
a still greater rate than the increase of
wealth and business, it was thought
that an immediate increase of circuIa-
tiOn might be obtained by the larger
purchase of silver bullion to an amount
sufficient to make good and retire all
bank bills and keep pace with the
growth of population.
" Assuming that 54 million dollars a
year additional circulation is needed
upon this basis. that amount is provid-
ed for in the bill by the issue of treas
ury notes in exchange for bullion at
the market price
Mr.. Sherman, you see, declared that
money must increase with population,
and even more than that, says that
wealth and business should increase
more rapidly than population, and
therefore he defends the Sherman bill
pie about "a million dollars each year in
new money. Remember that the very
man who gave that did so as a reason
for the enactment of the Sherman law,
and then turned around and Joined
with the opponents of free coinage in
repeating the Sherman law and leaving
nothing to take its place Instead OF
having 81 million dollars of new money
each year, we have been decreasing our
circulat ton for the last two years
I have here q government pubGca-
ton issued on the first of July, 1896,
which gives a table showing the de-
among the people. According to this,
we had in circulation in this country
on the Goth day of June, 1894, 81, $50, ,O0O,-
COO on the Both day of June, a year af-
terward.. in 1895, it had fallen to 81
SOL coo O00 a fall of SO millions of dol
lars in the circulation in one year,
whereas Senator Sherman said it
ought to increase "a millions in that
time; so if you will take the actual de-
felt and add to that the amount we
ought to have had you will find de-
felt of over one hundred millions OF
dollars in circulation in one year By
the Goth of June, 1886, this year, that
had fallen from one billion six hundred
and six millions, a fall of nfnety-hVe
millions of dollars in the amount OF
money in actual circulation among the
people in a single year.
You add to that the fifty-four mil
lion dollars we ought to have had as an
wear of more than one hundred and ff-
ty millions of dollars. In two years
there has been decrease in the amount
of money in circulation of two hundred
and fifty million dollars from what
there should have been. Now, my
friends. these are not vain imagings,
these statements are not the vaporings
of lunaticS and crankS- (ApplauSe)
' These are the statements made up
on the testimony of one of the oppo-
nents, so short a time ago that even
they themselves have forgotten that
the truths they stated are still alive.
CApplause.) What provision does the
Republican party make for the supply
of the money that you need2 None,
whatever am not surprised that even
men who have been Republicans all
their lives are now in favor of the free
coinage of silver. (Great applause-)
Il am not surprised when 1 find that
Republicans who recognize their prin-
ciples of finance and apply them to the
money question, desert the Republican
party this year when it comes out and
attempts to defend the Democratic ad-
mfnistratiOn which was repudiated by
the Democratic party itself CGreat ap-
pIause.)
You remember here in North Carroll
na the Republicans have made more
capital by denouncing this administra-
ton than in any other way. What do
YOU think now, when the Republicans
of North Carolina become the sponsors
for the Democratic administration.
CWi1d applause.)
Il am not surprised that earnest and
sincere Republicans prefer to stand
with the Democratic party in demand
ing bi-metaIlism, which even the Re
publican party of four years ago said
was dear to the American people