Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1896-09-03

manufactured product, but tariff Ia W
which will, at the same time, raise suf-
ficient revenue to defray the ordinary
expenses Of the government. We shall
oppose a policy which caused the re-
peal of the reciprocity law which, dur
ing very brief operation which was
terminated by our opponents, opened
up to us foreign trade Of about S22,-
OOO,O We shall seek to op-
pose u policy which would enact for
this country monetary system which
would drive from our circulation all OF
our gold money and reduce us to Il SIN
gle silver standard and contract the
money Of this country one-third of its
volume. Our opponents declaim to us
against contraction Of the money of the
country. They hold up to us its evils,
and yet, they do not refer to the fact
that from 1873 down until the end Of
per capita of money in this country in
creased each year. We have nothing
to defend and make the charge that it
is our opponents who will contract The
money of this country.
"rhe quote from the speech of one Of
our greatest leaders, the speech of Jas.
&. Blame. (Applause) They quote Il
paragraph from that speech made IN
1878, where he holds up and explains
to the people of the country the evils
Of u serious contraction in the money
of the country. They do not refer to
the balance of that speech. We may
admit those evils and we refer to the
record of the republican party to show
that they were never guilty of such u
system; but what kind of contraction
was 1t which our leader was declaim.
ing against when he described its evils.
He said In that speech that 1t was the
con traction which would result from
the adoption by this country alone of
the free, gratuitous and unlimited
coinage of silver at ratio differing
from its market value and said then
and there that our gold would flow
from us with the certainty and the
force of the tides, and that it would re-
suit in an enormous contraction of our
currency, against which he declaimed
This Is the contraction against which
we declainl to-day. We say that our
opponents, if they enact the law which
they desire, will bring upon this coun-
try the very contraction they declaim
against and which the republican par
ty never has allowed to result. Cap
plause.)
''rhey tell us, however, that they
admit that contraction Of the money
would be a serious thing. They admit
and claim that they Will not bring it
about, yet we are taught in every page
of monetary history that wherever
there has been free, gratuitous and
unlimited coinage of silver ut IA ratio
differing from the market value, that
it has driven gold money from circula-
ton. We ATE not only taught that by
the history of the nations and of this
nation, but We know that today there
il not in the wOlld an unlimited free
coinage OF silver country where they
have gold in circulation, aud we know
that in every country where there is
on the contrary, limited coinage OF
silver money, such as we have IN this
country, that there Is bi-metta'lis'n
gold and silver in concurrent circula
: ton. That IL what ~e want. We de-
claim against driving out the gold
which we claim vii! result from theil
policy. We ask that We may continue
the system of bimetallism. But they
claim that this unlimited free coinage
of silver will raise our silver dollar I,
a parity with the gold dollar, opposed
as it Is to al! history, as we have seen
! do not think that there are ;
great many even of our opponents wh'
belieye that.
; "If you will read the speeches in con
gress of those who advocated that sys
tenn, 1t will be found that there were
many of them who admitted that they
could not tell but that we would lost
our god money. Congressman Town'
admitted that, and he is one of thei
leaders who bolted the republican par
/, ty to go with them. Even their leader
: William J. Bryan, speaking upon thi
: question before he was considered
: presidential possibility, used this Ian
b guage: He said in speaking to tn
] question whether the unlimited fire.
I coinage OF silver by this country alon
would raise our silver dollar to a part
: with the gold one, No man can tel
u how much it would increase the valu
u OF the silver dollar. 1t would be an ex
'. pertinent That is his language. Al
they willing to engage in an expert
u ment which the teachings of all hist,