Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1896-08-29

| TOT the oppression or MANKIND NOW let
me call your attention to one fact. The
| free-coiners assert, when they are told
| that the increased output of gold is going
| to tend very much and by natural pro-
| one-half to one-third of the gold annually
| produced in the world goes into the arts
| This statement is probably an exaggera-
non IT Is probable that one-quarter or
/ the gold of the world produced annually
| goes into the arts, and it has been doing
| 1T for centuries Consider for a mo-
| meDt, my fellow citizens, what an enor-
nous sum, enormous aggregate-three
| billions, perhaps four billions, of dollars
| are lying in the shape of golden orna-
ments, thousands of dollars of them in
this room tonight. Now I want to ask
| you this question, if there is a gold fam
| inc, If the power of gold is so absolute
and tyrannical it is claimed, if its
possession in the shape of coin gives its
| owner such sway over the destiny and
| fortune of his fellow man, how is it
that this enormous amount of gold, per
| haps one-third of that which is in exist
| ence, has not shown the least symptom
| yet of going into the melting pot to be
| turned into coin?
But we hear a great deal about the de-
| monetization of silver, and one would
| think to hear our free-coiner friends de-
claim that silver had been entirely de-
ence the money function Of silver
| throughout the world had been entirely
abrogatedi and it is a very catching catching
assumption, for l will not call it an argu-
ment.
Now, 1 say, my fellow citizens, that,
properly considering facts, that state
ment is inaccurate, not to say untrue.
assert that silver has never been demon
| cited in the sense in which that charge
| tization means to divest of standard
| value as money, and I say this has not
been done with any dollar of silver coin
| that was ever minted at any mint. Gap
plause.) 1t is true that many nations
who have approached the danger line of
which | spoke a few moments ago, when
| one metal drives out another, that many
nations have told the owners of silver
which lay concealed in the earth we will
not longer buy IT at a certain ratio and
been entirely done, and l repeat my
statement that the assertion that silver
has been demenetized is one calculated
to mlslead. and is not true in fact.
1.-THE Crime of 49,"
All our woes are dated from 1873. the
period when the free-coiners persuade
their disciples that, to use their stock ex-
one-half of the aggregate wealth of the
world was struck down at blow. Now
let bring this statement to the crucial,
and statistics say upon this subject, and
not trust to the vague defamation of
any person The value (and will give
you my authority for this statement in a
moment), the value of all silver coin in
the world in 1873 was $1,S77, OOO, 900.
In 1895 it was S4,1OO, 10000 The
y
1873 was $3,O45,OOO,OOO; the value of all
the gold coin in the world in 1895 was
s., 200, 100000. OF this quaGndtity Of s sill
5000 was full legal tender. Now at
tend to me for moment while the math-
ematical deduction is made. By this
statement it appears that the quantity
of gold in the world increased. between
1878 and 1895, only. $1,000, DOC, 900,
while the increase Of silver iEe r coin M for the
coined in the twenty-three years since
1873 than remained up to that time of
all the q fhe we9d neasR
double more silver has been coined than
gold since 1873 What becomes, then, of
production of silver and gold from year
to year since time began, and of the de-
monetization of silver since 1873, in the
face of this showing that, between 1873
and 1895 the coinage of silver was near
ly twice greater than that of gold? They
talk of the decentralization of silver since
throughout the world since that year of
over $1,000, 100000, of which $685.
stafes ated A by e dfe ro Hn tied
United States minted during the same
period 1887, AGO, 633. And here, also, is
answered a, statement confidently made
and plausibly maintained, and yet erron-
eous in fact, that there has in all this
time been an enormous contraction of
the currency fInsy all oyer the world, yet
that that statement is not true. Now,
my friends, l have not taken this from
the statistics of any other speaker or
from any other book. l know where the
statistics are gathered with the care
which commands the respect and conf
dence of the civilized world, and the
Doth of July (only a few days ago)
telegra phed to the director of the mint
regarding information upon these sub
jects, and he answered me:
Hon. G. K. Davis, ST. Paul, Mimi:
The total value of all silver coined in the
world in 1878 / estimate to have been
81, SIT 100000 and 1895 81. 100, 900 900.
The worlds stock of gold in 1873 is es-
timated to have been So, 045, OOO. 900 and
1895 about $4,000. 100000. r. E. Pres
ton. director of the mint" And these
figures / have just given you are the fig
ures which 1 have just read in the tele-
gram of the director. The greatest bust
ness transactions in the way of finance
on the face of the earth are made upon
statements like that, and when what /
have said is discussed the only answer
that will be made to it is probably that
Mr.. Preston and the United States gov
eminent is one general universal gold
bug. Uaughter)
Now let me give you another state
ment. The COMA ge of the nations of the
world in 1892. 1893 and 1894 was as
S155, 517 34I: 1898. gold. 500. 400. ST.;
silver S13T. 952, $50; in 1894, gold, S227-
921. O32; silver, S113, 095.IS3. A total in
three years of 81 OBS, 3S9, 49S. With all
deductions for recoinage this output of
coined money is of immense volume.
Now 1 have thrown out these sugges-
tons and will pass from that branch of
the discussion and call your attention to
another assertion of the free coiners: 1
alluded to it cursorily a few moments
ago, but / propose to now treat it in
the same manner in which I have treat
Cd ha aSf Vhe