, 1896-10-22

You all remember the dreadful panic
of 1893. and the uprising Of the people.
demanding Of congress to repeal the
Sherman law. accomplished at special
session of congress called by President
Cleveland after q strong effort In the
senate for free coinage.
After the repeal in 1894. silver fell
to 63h' cents. when the dollars were
worth but 40 cents
The silver kings have been recently
appealed to by the managers OF the
Bryan campaign to contribute the
value of a
MONTHS PRODUCT OF SILVER
to the end, because II that cause should
fail, the value of the silver might or
would fall to 40 cents an ounce.
This might also occur W. II they
secured free coinage and 51-cent dol
lars would look large to Yrs when we
had to take and spend dollars worth
only 81 cents.
The laws Of supply and demand apply
to silver as freely as to wheat.
Our mountains are full OF silver; so
are those OF Mexico, Bolivia. Australia,
and so forth, and it can be produced in
some mines at as low cost as even 25
cents per ounce.
Mr.. Bryan, representative IN con-
gress in 1890 t. '92, was working
against the manufacturer in the cause
of the farmer for free trade. In 1893
he fought for free coinage and against
the repeal of the Sherman law. He
ran for senator in 1894 and failed of
election, and was employed by the sill
yer producers to champion their cause
in the south and west He is their too
and Is willing to degrade our country
for their supposed interets.
l have been in business with foreign
countries since Mr.. Bryan was two
years old, and with all Difference to one
who has got so near to being president
as to be nominated by three parties, I
yet claim to know more than he does
in regard to business. money and ex-
changes.
In the years since 1879, when gold
payments were resumed by the United
States. l have transacted many million
dollars Of business, but never once be-
fore have needed or wanted to use q
GOLD COIN OR SILVER DOLLAR.
In all transactions, either form of notes
would serve as we'll as long as all were
measured by gold, and let me tell you
that There is no other use for gold coin
than to have enough in the right place
to prove that the United States notes
are payable in gold when presented for
such payment. and for export when the
balance of trade requires.
Business at wholesale nowadays is
largely done by use Of checks and
drafts. and I have found that upon av-
erage there is not one per cent of any
form of money used In my business re-
ceipts and payments. 1t Is v~ariously
estimated that everybody together used
five to eight per cent In money.
The reserve fund has several times
been under anxious observation when
1t was being depleted Of It's sold, be-
Gauss VI oouD' reateo ny Inc nesvy
SILVER mnation OF inc herce demands
tor iree coinage m the SENATE ~ 10 the
aoliity OF the government 70 psy all
noees WIN soio. "itnout new iesasis-
tlon, naa we once o president MI.
stephenson OF mr.. nryan TO oroer Ine
payment OF tnese noees win silver we
wouiu now De upon SILVER oasis'
A shgn m~odincatio" VI enc Jaw, re-
quirins Tue feis'ue =. "nen
PAID with sola. 10 De only LOT fe-ea-
chanse ror eola' anu prooectioo OF the
lunos from oener uses "oun nave re-
qu'fea lar iess soio 'naai uaas oeen plae-
gu IN .ne Iuno ny oonu saies olislna.iS
si~l4'oV',ooV repaenisneu ny s1sl.oVo'-
WV. X the 'otai $~4oo'ooo'Vov.
Inefe now .ne ur9 si1o'.
ooo'vvo soia, $s4'ooo'ooo .Ia
sSo'ooo'ovo sherman no'e'' ooAl 1000
ooo'VVV' mess I'll peloas o.ne re
tioh u ene si~oi'oov'ooo ol money
tnat ~ no. .ne.e mas oeen spen' w.
cause tne tar'n ou o p'ov'oe enough
money ior expenses
n oenonetl1su'on m 100 aia not
take away any money ina. was eve. m
use. ~ From l7ss 70 lsos le's man w.