Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-23

CONTINUED FROM FIRST PACED
some foreign nation brings them relief.
Cries, THAT Is right!)

ton there are certain fundamental prin-
ciples, and when you understand these
principles YOU understand tho money
question. I was out I'm a portion OF the
country where they irrigate on largo
scale, and / found enormous plants, and.
investigating this, the thought occurred
to me, what principle underlles the sub
ject OF irrigation? 1t Is that water runs
down hill. When you understand that
water runs down hill, all you have to do
Is to dig a ditch with a slant, and you
can carry water wherever you want it.
So It IS with the money question.
You have got to find out the
fundamental principles which underlie
the subject, and when you understand
them you understand the money ques-
| ton.
What IS the principle that underlies
| II all? cit is the law OF supply and de-
mand, which applies to money 80 TO
everything else. You know that If the
worlds crop next year OF certain arti-
| Gle is much larger than this years, II
will fall in price; II the crop is much
smaller than this year, 1t will rise In
/ price. You know that the law Of supply
! and demand reaches and controls all
sorts of property. 1t reaches and con-
| trolls money. as well as other forms OF
property. Increase the amount of money
more rapidly than the demand Tor money
increases. and you lower Ne value Of
| dollar Decrease the quantity or money
| while the demand for IL increases, ana
YOU increase the value Of q dollar. Now,
when you understand that. then you I'M
| derstand the essence Of the money ques-
ton.
GOLD STANDARD CRUSADE
when you understand that, you I'M
derstand what its effect is on you, and
then you can tell where your interests
lie. When you understand that princi-
pie then you understand why the great
crusade in favor of the gold standard
finds its home among the holders of
| fixed investments who, by such legisla-
ton. raise the value of the property
which they hold. (Applause) For this, ]
can quote you authority which your OPP
moments dare not question. l have called
| attention, and I shall continue TO call
attention, TO a remark made by MT
| Blaine in Congress on this subject. lie
| said that the destruction OF silver as
| money. and the establishing OF god az
the sole unit OF value, must have
rulnous effect on all forms Of property,
I except those investments which bring
fixed return Of money (applause); that
these would be enormously EXCHANGED in
value, and would gain dsproporuonate
| and unfair advantage over every other
species OF properly. Npplause)
"My friends there IS a statement that
| no man who has respect for his reputa-
| ton would dare dispute. The gold as a
sole unit Of value throughout the world,
and the destruction of silver as standard
money, means that you shall destroy the
value OF all property except money and
| investments that call for q fixed amount
Of money. 1t means that you will give
TO these investments and 20 this form
! Of property-money-an advantage over
every other form OF property.
"When YOU understand the effect OF the
policy. and then understand that the de-
! sire for IL IS manifested most among
those who hold the fixed investments, or
trade in money, / think you Will come
! TO tAe conclusion that i have come
to-that the fact that the gold standard
is a good thing for them Is the principal
reason why they are In favor OF soIu
| standard. (Applause).
"Now, my friends. when you make up
| your minds that the gold standard Is
bad thing. then the only question that you
| have 10 consider is, How can you get rid
| of itp They can raise objections TO the
Man which we propose, but ] want 20
suggest that you are interested not so
much in knowing the objections 10 our
plan as in knowing what plans they nave
10 relieve the condition. Why don't they
propose something2 1t is because they do
| not know what ought TO be done. II 50,
they are poor people TO lead you out OF
bondage. Qaughter) Is it because they
| know and Will not tell? II so. they have
not the candor that ought TO be possessed
bv those who would redeem the people
from their suffering and distress. ZAP
plause)
DEMAND FOR SILVER.
"They say that our dollar will be a 81
! cent dollar. Well, now, my friends, they
refuse TO apply to the silver that Is pro
duced IN the world the law OF supply ana
demand. We say, Increase the demand
for silver by legislation, and that new
! demand. acting with the demand now IN
existence. will operate upon the price OF
silver. We say that that new demand
will be sufficient TO consume all the Sill
yer presented at the mint, and being
| sufficient will raise the value OF silver
| bullion to g. %. throughout the world. zap
plause) We have a reason for our De-
| lief. They simply say 1t won't 40 anu
then sit back and propose apsoIuteiy no
thing. - -. .,v,o
Of our opponents TO use this sort OF ar
| e-ument: Why, they say. II the free com
\ age OF silver makes silver dollar equal
TO q gold dollar, why, then, IL VIII De
lust az hard TO get silver dollar as IL
is to get a gold dollar. DO you kno"
What they overlook? They overlook the
fact that when we bring silver into COM
petition with gold we increase the supply
of standard money; that while the SILVER
! dollar will be worth as much as the solo
dolalr. II will be easier TO obtain WIN
the products OF toll silver dollar OF
a gold dollar than It is to-day. (Applause.l
"Our complaint is that the same hostile
legislation which has destroyed the De
msnd for silver. and driven down the
prlce of silver when measured by gold
has also Increased the demand for gold
and driven up the price Of gold when
measured by other forms of property
and that the opening OF our minis to the
free and unlimited coinage Of silver VIII
onerate 10 bring more money into circu-
Iation "a voice, That's what we want!)
and lessen the strain that has existed fol
gold: and that by increasing the demand
for silver, we bring silver up until gold
and silver meet at the ratio now fixed
by law, and silver dollar and gold
dollar will be OF the same value all over
the world. (Applause) -
But / have spoken beyond the ume
/ exnected TO. 1 simply want to say this
II there IS any person here VINO Is az alo
,hat under the policy proposed by the
chicago platform we are going TO have
a flood Of money, and that you will be
drovyned in IT, we cannot appeal TO you
! Cor sunport. But II there Is anybody here
| whose experience is such that he Is Will
| inc 10 risk the disastrous consequence
~ that food upon him, We ask you to
consider whether we are not entitled 10
your vote.