The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-11-01
Mr.. Bryan, in Iowa, Has Some
Easy Ones by Telegraph.
HE EXPECTS 800 VOTES
Bonds Payable in Either Gold
or Silver by the Contract.
SPEECH BEfoRE BREAkFAsT T
Study Of Money Question Has lncreas-
ed the Number of Republicans Who
Wi Support Free Silver Also
Gold Democrats.

Ott3IniNNsi. IOWA. oeat. o1.--a - > - !.
entered Iowa on the ILLINOIS oehtrai
at 6 O'Clock this morning, and made ms
first speech of the day at Mount Fleas-
ant at : O'Clock, before he had ms
breakfast. The air was cold and crisp
and seeaned TO give the candidate new
vigor for his last tour across the State.
He appeared in good voice, and spoke
so distinctly as 10 be heard with ease
by the large crowd which had congre-
gated thus early in the day. i'le aud
fence VAS an enthusiastic one, aad was
evidently in sympathy with the speak
er. At Fairfield, where he ~ met by
a large crowd, Mr.. Bryan devoted him.
self to questions which had Tesn pro-
pounded to him by telegraph, saying
IN par:
In going about from place TO place.
/ have but 4 few moments at each stop.
and am not able to enter into amy elab-
orate discussion of any question. but
take these occasions to discuss various
phases of the money question. Some
times j have questions put TO me, the
answers to which aid in the discus
sioDs So this morning, have two ques-
tions TO answer. One of them is:
''Granting for a moment that we have
the right to pay the interest on our
bonsis in coin and not in gold, is it not
at least unfair after having paid contin-
ually in gold, ito suddenly switch to
silver without warming and compel the
acceptance thereof when the face value
of the bonds themselves at the pres
ent :moment and for many years has
beer the same as their value in gold;
In other words, is it fair for the holder
to suddenly change his gold bonds, or
his bonds as good as gold, into mere sill
yer bonds
The question goes upon the assump-
tion that gold and silver will not be
maintained at a parity. Whereas, We
insist that under the free and unlimited
coinage of silver at 16 to /, we shall
maintain the parity between gold and
silver at the present ratio, and by offer
ing demand for silver which will take
all there is on the market, we will be
able to make a silver dollar as good as
a silver dollar, whether melted or coin
ed, here or anywhere else in the world.
Therefore, we cannot admit the posi-
tion assumed by the question. The
question makes another assumption,
and that is, If the administration hay-
ing surrendered TO the holder of the
obligation the option to demand his
kind of coin, we shall not assume the
right which the law gives to pay in
either coin. 1t goes upon the theory
that because you have given a man an
unfair advantage for a long time, you
must continue to give him that
advantage, and not resume the right
to pay in either kind Of
coin. When you maintain the parity
between gold and silver it matters
not to the holder of the obligation
whether you pay in gold or silver but
the very fact that the debtor exercises
the right to pay in either kind of coin
serves to keep the two metals together.
Bi-metallism implies that the debtor
shall choose the coin of payment. The
bonds issued by the United States call
for coin and the Matthews resolution
in 1873 declared that this nation had
the right TO pay its coin obligations
IN either gold or silver and that resolu
tion has never been rescinded. The
President Of the United States has no
right to change the laws of the land
and len he tries to do it, the people
have right to stand by the law w,instead
of the administration policy. You will
find that Mr.. Carlisle, in discussing this
subject before the committee on ap-
preparations of January 21, 1895, said
that If the executive officers had in
the beginning exercised the right to
nav in either coin, it would have done
no harm. but would have worked well,
but his contention was that, having
established a precedent it would be
necessary TO follow that precedent in
stead of exercising the right to pay IN
either gold or silver. We say that III
the administration has surrended the
rights that the people have, the sooner
another administration resumes these
rights, the better for the people who
have been injured by the surrender OF
the rights Again, let me say that we
have sold bonds payable in coin and
the purchasers of the bonds have made
a difference in the price they paid, in
some instances, because of our right
to pay in silver, and believe that when
the men who bought the bonds made a
difference between coin bonds and gold
bonds and charged us for the risk that
they took, that they cannot complain
If we exercise the right TO pay in either
coin And then there is another ques-
tion: "Cranting that silver and gold
may reach par, what reasons are
TlGTt ISI htlIcAitiS bltdC buc WAGES OI
workinmen will double as quickly? :?
Have they ever done 50 under similar
circumstances?
MY friends, the trouble is that under
the gold standard SO many working
men do not have lthe opportunity to
make any kind of dollars, bimetallism
restores prosperity and gives the
workingmen change to work the
whole week, instead of. half the week,
and then the demand for. work raises