The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-04

they had" etc. Now, then. is ii possible
for idiocy 10 go further than we. a
great debtor nation Ike US, who pay
our debts in commodities as Gladstone
says. should beg them to take two dol
lars where we agreed to pay them one?
He talked to you about the Matthews
resolution, which was passed by the
senate and house defining what the debt
was Payable in. On the 18th OF January
1873, fhis resolution was passed by both
houses by large MAJORITY defining and
stating what the law meant under
which this debt was contracted. Those
acts are on the statute books and are q
law. II says: Resolved, By he SEN
ate. the house Of representatives con-
curing therein. that all the bonds of
the United States issued or authorized to
be issued under said acts OF congress
iereinbefore recited are payable, princi-
pal and dnteres tat the option Of the
government Of the United States in sill
yer dollars Of the coinage OF ahe United
States containing A21s grains OF stand
ard silver. an dthat 10 restore to its
coinage such silver coin as a legal tend
er in payment OF said bonds, principal
and interest, is not IN viola ton of the
public faith nor in derogation OF the
rights Of the public creditor" Not a
word about the gold dollar. The Pop
ulist party stands for the restoration
of the coinage OF silver SO as TO put the
contract where It was. For any man
who demands any dollar except the dol-
lar Of the contract is himself a reoudi
ator and an extortioner. (Cries, Hit
him again.') On. VIII hit them lot
Of times yet.
1 romised Mr.. Ling I would ans
-, s-t-
I answered him every other day but he
don't stay answered.
would the opening OF the minis of
the United States to the free and unlim-
tied coinage Of silver and gold at the
ratio Of l6 to raise the price of silver
to $1.29 an ounce, measured in gold, and
maintain 1t at that price,? There are
lots OF people that are terribly afraid
that everything won't be measured by
gold Everything has got TO held up in
the interests of gold / don't propose TO
held Up IN that kind OF a way. Here is
a speech by Mr.. McCleary of Minnesota,
a goQdoug. This speech was circulated
all over this district by Mr.. Long. /
presume 1t viii be good authority for
my Republican brothers, for you are
my brothers, at least ought 10 De "a
voice: I'VE don't want to be'D You
don't want to be my brothers because L
don't wear socks; but you may be poor
yourself some day; you can't tell. But
this shows that for two hundred years
and more the ratio never varied more
than per cent. They Travelled along
evenly together; but when silver was
demonetized by the act in 1873, see how
rapidly 1t went down. That is their
medicine.
Let us see further. Mr.. Long prom
lseo 10 vote for Bryan and silver-and
OF course ne would have to vote for
jerry, too, because they adj go together
III l would prove to him that in the
United States or any other country had
succeeded in maintaining the conner
cial value of silver and gold together
This Is taken from the Encyciopedia
Brattanica, Vol. %. page 20. OF course
that won't 60 with Mr.. Long, because
he viii say that is British authority:
In Spain, by the dict of Medina, 1897
the ratio was 10&. When America was
plundered the first fruits were gold.
not silver, whereuDon Spain, IN 1916
and before the wealth Of the silver mines
in Potosi was known, raised the legal
value Of gold to Is Is, and, as Spais,
then monopolized the suppliex OF the
precious metal. the rest of the world
was obliged TO acquiese in her valua-
ton. During the following century
Portugal obtained such Immense guam
titles OF gold from the East Indies. ia
pan and Brazil that the value OF her
imports of this metal exceeded $l45s0.-
GOD a year. whilst those of Spain had
d'windled to S2,430, 900 a year. IN gold.
and had only increased SO, $50, 600 in sK-
yer. Portugal now governed the ratio.
la In. Of
sixteen times that OF silver. EXCEPT
during brief period OF 40 years this ra-
ito has ever since been maintained in
Spanish and British America and the
Urited States
A century later the spoils OF the
Orient We're exhausted, the Brazilian
placers began TO decline, and PORTUGAL
lost her importance. Spain thus again
got control of the ratio, and, as her
produce was chiefly silver. she
raised Its value IN 1775 from one-six-
tenth TO one-fifteenth and a half that |
OF gold for the Peninsula, permitting IL |
to remain at one-sixteenth in the colo
n&es. France. whose previous ratio |
Chat OF 1726) was 141z, adopte d the |
Spanish ratio OF 15iz in 17S5, and has adj /
hered to it ever since These three his
torica iratics. and the Gearing OF each
upon the other. have influenced All |
legislation upon the subject. and, where
there was no legislation, have governed |
the bullion markets for mora than two
centuries
IN an article before the London So
ciety OF Arts. Mr.. J. Bar Robinson
showed that for seventy years France
both gold and silver at the
ratio of 15lz toI.
Mn Longs second question won't
take minute to answer. Has the free
coinage of gold and silver by tire United
States or any other country ever main
tanned the equality OF the coinage and
ratio OF the two metals?'
have just answered that by sefernce
to McClea-y's tables and the article OF |
]. Bar Robinson.
Third: Is there q country In the !
world today that has the free and IN
limited coinage OF silver and gold that |
has gold in circulation: and is there
gold standard country in the world that
toes not use silver along with goldg
Amt that an awful hard question? 1
had a good mind TO obey the scr plural
Injunction and answer fool according
10 his folly. What does that prove? 1t
proves that when you have Silver. that
silver being the best metal. best adopted
oE he PrOp-S u-S 'eAs-y NOa N9fi
gold And that god DOES not perform
he money function ard that gold IL not
suited 10 the wants Of the people. and
hat where there - both gold and sI.y~r
he people naturally select saver. Now,
ne best way TO prove whether gold CIR
suias-s OF not is 10 20 down into your
pockets and see how much you have.
Hold up your hands. Now. I want TO
Know how much silver there - in cir
.nlat- ton tn this sRdf~nce. Hold Up you-
sa-lsis These fellows (oa the Repubii-
'Sde) amt got a cent