Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-10-01
PLAIN WORDS
Used in Explaining the History
of the Bond Sales.
Especial Dispatch to the Enquirer,

Nopecldl DlSpatcn TO the EnQuirer)
WILMINGTON, DEL, September 81 /,
In introducing his speech at Viii
mington Mr.. Bryan said:
1T is sometimes customary with
the people who desire to see a Presi-
dental candidate to form excursions
and visit the home of the candidate.
Laughter and applause. But times
are hard this year and the candidate
comes to you to save the expense of
travel. Laughter and applause. l
do not believe our people can travel
as cheaply anyhow as our opponents
can during this campaign. T4reat
applause. / want to talk to you a
while tonight about the financial
policy of the Goyernment."
Mr.. Bryan then went on to explain
and proYaEhafthe Government has no
paper outstanding except gold notes
upon whieAg9ld. can be legally de.
manded. He proved that in 1878
Sherman admitted that all green
backs are legally redeemable in sill
yer. He said the Matthews resolu-
ton proved that the United States
can use its option as to what kind of
SOllI IL SlIull use W pay.
ALL COIN OBLIGATIONS.
He next took up the bond issues
and said the Secretary of the Treas
ury had saddled debt of $262, ,00O, 900
to buy gold, when it could have been
avoided by discarding the wishes of
the bond sharks, and had made it
understood that he would use the
lawful option to pay in silver as we'll
as gold. He said:
Let me show you what is possible
under this system. because | have SO
much confidence in the ability and
patriotism of the people that l be-
lievea clear understanding of the
manipulation of the Treasury for pri-
vate gain by the syndicate formed
for the purpose would open the eyes
of the people and arouse unanimous
protest against it,
He explained how greenbacks could
be deprecated, the gold secured and
bonds brought with them, and said:
When they issued the first $50
000,000sof bonds they dreaw out $1S,-
900, 900 in gold to pay for those bonds,
and to the extent TO $4,000 900 the
Government had no more gold than
when 1t commenced, although it had
agreed to pay interest on $18, 900, 600
OF bonds. Applause. If there is
any man who cannot understand the
absurdity of that proposition l ask
him to ask his wife about it, because
there is not wife that cannot tell
you it was.
AN IDIOTIC TRANSACTION.
They then issued $Jo,00o000 and
drew out a larger percentage of the
gold than the first time. Then they
made the Rothschild contract There
was contract by which this Govern
ment sold to private syndicate
bonds at 104l which were at the lime
worth 119 in the market There is
not private citizen who would ever
do that kind of business or his rea
tlves w0hl0 hive guarden to take
care OF his property. They sold
bonds and sent across the ocean and
before six months were up the same
bonds tnat went across the ocean az
104l came back to this country and
took gold away from this country az
the rate of 120 That is tinanciering.
That contract contained stipu
lation by which the Rothchilds and
Morgan syndicate agreed for GER
tain length of time to do their best to
protect the Treasury of the United
States. If this G Governinent is going
to admit that it depends for its fin
ancial existence upon the banking
firms, one foreign and one domestic,
then it puts itself where these people
can charge, this Government what
ever they please. am not much of
a financier, but my idea is tha5 in
stead of hiring those men to let. us
alone we ought to try them as they
do any other men who conspire
against the Governmsnb and punish
them for conspiracy against the
country ~