Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1896-08-16

oOEGcu : lender III tbs
heart o! the eaemy's country ia tn, |
greatest political demonstration tina:
ever occurred in this country. Gov
=rnor Stone Of Missouri made an elo
quent notification speech ard at il.
conclusion bedlam broke Ioosr and il
was fully ten minutes before quie, |
WAS restored sufficiently for Bryan to
speak. His address AIS u masterfu.
presentation Of the issues presented
~ lie Chicago platform He cap
iured the people in the citadel OF ia.
golj-bugs by his forceful logic an,
his ma 5terly e!Oqusnce. Bel ,w will
De to1rd 4 short extract from hi,
speech IN which he some of
TIE objections to free coinage:
III Your mints are opened To ire. and
Unlimited coinage at the preseu, m.
10, merchandise silver cannot com,
4ere a the labor applied to i,
a made it worth NOR, io the firm.
OF merchandise than it will be worth
al our mlnts. We cannot even ex-
pect all the annua! product OF silver
because India, China. Japan and
Mexico and all the other silver using
countries must satisfy their annual
needs: from the annual products tho
arts will require a large amount and
tile gold standard countries will pead
Il considerable quantity for sub.;di.
AIRY coinage. Ne will be reou;rad ,o
com only that which is not uoad..d
elsewhere; but il we stand ready ia
trke II utilize all Of il. other p]uiions
VIII be compelled to pay ut the pric.
winch We fix. Many fear that the
opening Of our minis will be followed
ny an enormous increase in the onpu.
nj production Of silver. This il con-
lecture. Silver has been used for
thousands OF years, and during all tina,
tlinc the world has never sucFeroJ
from an over production IL for nnv
reason the supply OF gold or silver in
ZIG lniurc ever exceeds the r~eou;r.-
iheh's OF The arts and the needs of
commerce, we confidently hope that
Tue lntell'genc" OF the people will be
sufficient to devise and cn,c, ,r,
legislation necessary for the ~pro,ec.fon
OF the public.
itis FOLLY to refuse 10 tho p.ouI.
money which they now nccd r., ,'a.
'hey may hereafter have NOR, than
they necd am limly Convinced finn,
-! opening our minis To- free nnd mn.
limited coinage at tho present rotio
We can create Il demand for silver
which will keep the price Of silver
bullion at al - per ounce. mc,aur.,I
by gold.
some OF our opponents attributed
tho ihIl IN the value of silver who,
measured 10y gold. 10 the fact ,b,,
during the last quarter Of a century,
the worlds supply Of SILVER Inns in
creased more rapidly than the worlrs
supply Of goli. This argument il
entirety answered by the fact that
during tho last live years the animal
production Of gold has increased moro !
rapidly than the annual production |
"i SILVER. Since the gol | price Of sill
'er n fallen more during the last
h'e years than it ever fell in any
previous five years in the history Of
the woflI, il was evident that the f,II |
IL otYpun to Increased pro lu..inn
frlccs can be lowered as clTcrrunIJy
ny decreasing the demand for an
article M by increasing the supply OF |
H. ana 1t sccms certain that the fall i'm |
the goli price Of silver is due Ia the
hostile Legislation and not To natural
W Our o%ppOncntg cannot IGNORE
the TACT that our gOll is now roipy
"brond in spite Of all legislation 70
prevent IL. and no silver ia bcmy
coined to take its plnce. Not only is
gold going ! broad now but il mus,
continue togo abroad nv long M the
present financial policy is adhered 10
unless We continue Ia borrow from
across the ocean, and even then wc
SIMPLY postpone the evil. berausc
The amount borrowed. together with
the interest upon ii must be rcpnid.
mo American people now owe n
large sum to European creditors md
FALLING prices have left Il larger and
lhrger margin between our national
'hc"me and orr national intcrc.,
charge. There IL only one way Ia
stop the increasing flow Of gold from
orr shores AMI that il to stop fiIliup
prices. Tho restoration of blmcinlI.
SIN VIII not only stop falling priccs,
ont VIII To some extent restore
prices, by reducing tho worlds de-
lnand Tor gold. II il isargued that II
riHo III prices lcss,ns tho value Of tho
dollars which we pay to our credi-
Tors reply that in the balancing Of
equities. the American people have ds
much right to favor an iinnciai
system which will maintain or restore
prices IA foreign creditors have to
insist upon II financial system that
VIII reduce prices. But The interests
0f society nro far superior 10 the in
forests Of either debtors or creditors.
aud tlic interests OF eocjoiy demand u
ilnanoiai system which viii add to tho
volume 81 the STANDARD money Of the
world aud thus restore 5tubili,y i'll
prices.
Perhaps the most persistent mis-.
repre- scntation that We have Ia answer
10 The charge that wo are advocating
the payment Of debts in j0.ccnt dol
lars. At the present time aud under
the present laws u silver dollar. when