The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1896-09-10

nv yuS' t'-u 'hstt
gold was the only good money; but he did
not have a dollar of it, and they did not
have any of it.
We'll, now. he would have to find some
body with the gold, and, mere than that,
he would have to find somebody with the
gold who was willing 10 let the gold go.
When would the man who held the gold
let the gold go? Why. whenever he
thought that silver was better for him
than the gold. and not until thes. Well,
there is another way that he might do.
He might. instead of taking the silver
home, instead of giving it to u.s. instead of
trading it to us for gold, he might trade
it to us for property. Whenever we have
anything to sell we are looking for n man
who has the money to trade for what we
have to sell, and instead of being frighten-
ed if he will just let US know when he is
coming with his silver to exchange for our
products we will meet him at the depot
with brass band and escort him through
the town and show him where the proper
ty is that he can buy. Have you ever
heard people say that it did not make any
difference how much money there was,
that you could not get any of it unless you
had something to sell? That is very COM
mon argument. Whenever anybody asks
you how you can get any money, no mat
ter how much, unless you have something
to sell, you ask him how you can get any
money ut all, no matter how much you
have to sell, until you find somebody who
has money with which to buy? OF course
you cannot get any money unless you have
something to sell; that is, ordinarily you
cannot. Ii you are n syndicate and have
control of the finances of the Government
you may sell credit and get money.
Money in Circulation.
"a gentleman asked me last night how
this money could be put into circulation.
That. to my mind, is one of the most SIM
pie of processes. Do you ever have any
trouble in getting your money into circu-
lation? Now. l know from your, conduct
that your trouble has been just like mine
not as to how to get money into circula-
ton. but how could you keep it from get
ting into circulation. Now, here is the
process. We have the free coinage of
gold. If any man produces gold from the
and have it converted into gold coin and
then he can use that gold coin to buy any
thing he wants. But he does not spend
a dollar of that gold coin without putting
the money into circulation. 1t is not
worth anything to him util he puts it into
circulation, and the moment he does it it
is n part of the country's money, to be
used in buying all the products of toll. :
"How about silver? The process is Just
L
silver mine produces the silver, but in
stead of going to find somebody who
wants to use the silver to make spoons
out of he takes that silver to the mint and
has it converted into money, and that
money is his to pay for the labor of pro-
ducing the silver and paying all of the
expenses of m;uing and whatever there is
left over and above that is his profit; but
he cannot spend dollar of it without
putting that into circulation, where it will
be used to purchase the products of your
toll and the toll of all who labor in the
United States. Now that is where the
money gets into circulation.
Word as to Money.
"Just n word as to money. There are
some people who have an idea that gold
has some divine attribute that makes it
staple while all other things fluctuate.
that makes it good while all other things
may be bad. l want to say that dollar
is creature of the law. There is no such
thing as dollar except the law creates
that dollar. If you owe debt you cannot
pay it with lump of gold unless the man
who holds your note is willing to accept
that gold, while you can pay your debts
with hog or steer if the man who holds
your note is willing to accept them. But
money is that with which you can dis
charge your debt, whether the man wants
to accept it or not. Money is that which
the law creates and which the law makes
n use for. How are you going to increase
the volume of your money? There is only
one way, and that is by legislation.
I'VE are opposed to the gold standard
because the gold standard means a rising
dollar; a rising dollar means falling prices;
falling prices mean hard times. The
party that tries to make, by raising the
value of the dollar, lower prices for the
,,rn6uofc of human 1r hor 10 tho
party that legislates stagnation upon
people and drives men into bankruptcy by
be it enacted etc.
1--WE believe that the opening of our
mints will bring into circulation more
standard money. To the gold of the
world we will add the silver, and when
gold and silver together measure the
price will be higher than it is now, and,
having been restored, it will remain more
stable than it is now, and that is why
we are in favor OF bimetallism.
1--WE want the ratio of 16 to l for two
reasons. In the first place, we believe
that the gap between gold bullion and sill
yer bullion has been caused by hostile leg
slation, and that it can be closed by
friendly legislation. Renewed applause.)
aw has done, and that it is not necessary
70 make any change in the ratio, this is
mother reason. Have you ever tried to fig
Ire out what would be the effect if we
,hange the ratio according to the plans
by our opponents?
Suppose all the world agreed to a ratio |
If 80 to l. and suppose they made the
.hange by doubling the size of the silver
lollar? Do you know what that would |
mean? 1t would mean the recoinage of |
!, ,000, 100000 of silver dollars into 2,O00,- |
400. 600 of silver dollars. 1t would mean |
irst the shrinkage of one-half of all the |
silver of the world, measured in dollars, |
ind shrinkage of one-Quarter of all the |
metallic money of the world. 1t would |
mean an increase In the purchasing power
# every dollar. 1t would mean the de-
rease in the value of property in the
world billions of dollars, and an increase
n the burden of debts of the world bill
ions of dollars more.
I'VE are in favor of a ratio of 16 to l,
lot because we produce silver. but be-
ause we use both gold and silver, and
iced all the gold and silver to keep the
'arity between money and property"
Speech at Cleveland.
An immense throng greeted Mr.. Bryan
It Cleveland. In his speech at the Ar
nory in that city he said in part:
Are the American people able to govern
themselves or must this Government be
brown over to syndicates to carry on
s they think best for their private profit:
1t has been customary for the past many
A. ! |