The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1896-10-30

statesmen Of the country. They would
have US believe what history does not
support-that gold and silver enjoyed
equal privileges in the mints Of the
United States during all our history
stopping of the free coinage Of silver in
1879 was ''the crime of the century" and
Is the cause Of the present deplorable''
business condition of the country. They
must know that prior to 1873 we had
less than 100000 of silver dollars In
circulation. We have coined since that.
time nearly soc. 900, 900 of silver dollars
1ency ~ the ee%ntT fhey q Do mot
US that when the coinage Of both golg
and silver was free in the United Stat0
the per capita circulation in this country
was less than it has been since the so.
called ''crime of 1873" Why, under
the free coinage of both gold and silver
in the days of the fathers we had in
was $780, sf in 1sSs it was sYles; in is7s
before the resumption of specie pay
ments, and when we were doing business
with unlimited paper currency. it was
$3.50; in 1894, twenty-one years after
the suspension of free coinage of silver,
we had per capita of $24.88, and every,
dollar was as good as gold in every part
c OF the World 1S WE have sto.! greater cate Per
the United Kingdom of Great Britain
and a greater per capita than has Ger
many. The per capita of the whole
world is about $5.15. The per capita Of
the gold standard countries is $18, while
the per capita of the silver standard
countries-of which they want to make
us one-is about $4.3O. Even in the
silver per capita than they have in the
silver countries of the world. The gold
standard countries, having popula-
tion of less than onc-third Of the worlds
population. have nearly two-thirds of the
circulation of the worlds currency. The
United States has about 5h per cent. of
the total population .h ono, Of the principal
SO 21-1OO per cent. of the banking re-
sources and nearly 16 per cent. of the
total money supply of the world. France
has higher per capita than the United
States, but the banking deposits in the
United States are $77.76 per inhabitant,
or $43 greater for each inhabitant than
the banking deposits of France.
Per Capita Rate Would Decrease.
ut must never be forgotten that the
free coinage of silver at the ratio of 16 to
1 would not increase, but would decrease
our per capita circulation. It would add
nothing to it, but would rob us of the
good money we now have and put us
where the silver countries of the world
are today-upOn silver basis alone.
There is nothing in our present currency
status. therefore, to disturb us, except
to defeat the party which proposes to de-
base it.. 1t is the proposition to debase
our currency standard that has created
CONSERVATION in every business center of
the country; has made times hard, has
driven money from active industry, and
put it behind barred doors, where it will
be kept until confidence is restored.
"The people will not consent to O de.
crease of their circulating medium, nor q
debasement of that medium Of exchange.
If by your votes this menace to the mon.
ey and credit of the country be dfspelled,
and by the same votes you restore the
American protective policy, that will stop
deficiencies in the treasury, and will pro.
tect American industry, and courage
and confidence will come back again.
Open the mills and the mines of our
country by judicious protective tariff
and you will. stop idleness and distress
in. the ranks of labor, and you can't stop
it in any other way. What will be the
voice of Maryland OH the 81 day of No
vember? (Cries of Mckinley, McKin.
ley.o What will be the voice of the
great city of Baltimore? (Cries of Nc
kinley.)' How will that old conservative
city speak for national honor? (Cries of
BY voting for Mckinley and portec-
tion.')
II thank my old comrades of the wa,
\ Tor their presence here at my homeSto
day. l thank my fellow citizens Of e,