New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-16
WHAT BRYAN THOUGHT ONCE.

said? Not all the chief employers Of labor and
managers OF our Industries, whether engaged I'm
manufacturing farming, producing or transport
Ing commodities. own all the money they require
They must incur debts at home or abroad. The
Inventions and arrangements of the last haf-cen-
fury for dsposing collecting and storing by loan
the savings OF all the people are among the won
dcrS OF the times in which we live Such reservoirs
OF savings. savings banks and National banks, are
used instead. but those institutions must make the
money earn something. or no interest can be paid
to each dcpostor Those reservoirs constitute an
important part OF the now condemned money
power They hold and invest the savings Of the
and fees. many Of whom have not the knowledge,
time or opportunity tC wisely and safely invest for
Themselves. 1t IS they who would most suffer by
The Mckncy platform shirks the critical and
existence Of 5f00c0.On OF greenbacks and sher-
man notes. IL regard TO which that platform pro-
inens he upheld and 800 0o0 90 of grecnbacks pre-
served? ARE they TO be kept uncanceed and i'm
minated in the House in June last? That is th:,
craftsmanship that We are promised 1t proposes,
many grecnback dollars produce. Its plan is to
sGng1 h MGns bsmdeTa and HaSn n
should not and cannot, approve that platform OF
Clevelands every official act, hut they do stand
and VIII continue 10 stand. by his resistance 10
National reputation and d!shonor
THE GOLD BOND CONTRACT.
And now my friends and fellow Democrats. per-
nit me to take this occasion TO make a personal
statement called forth by constant reiteraton OF
references to the gold contract syndicate | am
entitled 20 speak Of this matter with degree Of
impartiHlify which Ill fair minded men will apDro-
ciate. | not and uc.cr have been a partner i'm
the house OF August belmont IL 20. had no part I'm
the Initiation, negotiation. execution or conclusion
Of the contract Of February. 1925. | had no share
IN its benefits, excepting as each of my couE-
trymrn has had Il share nor did | share In it's
burden. periis and responsibilities
That contract was hcrcely condemned by the
Chicago Convention. 10y the National Silver party
and By the People party Tn" Chicago tonVcn-
tion specifically declared it, opposition to the pol
Icy Of the Treasury under each administration
since 1870, the policy which has given to Govern
ment creditors the option TO require "eithcr silver
coin or gold coin In payment" That Convention
insisted, contrary 10 the truth. that the United
States, when authorizing the Issue OF bonds OF 1870
had distinctly reserved IAN option to pay princi-
pal and interest In whichever coin then known
and used.
The cor tract has been denounced for other rca-
sons. such as that the specie resumption law at-
fhori2ng the sale of bonds enacted not TO
maintain specie payments. but only provide coin
with which 10 merely begin them I'm 1879: that the
specie yIncnt law repealed MS by
Greenbhck reissue law. that II II any other W.
was enforced In 1895. empowering the Treasury 10
use revenue or re bonds ia order 10 get coin with
which 10 make specie payments. II not necrs-
TO sell bends ia 1885, because the stock OF coin
then in The Treasury ample for the purpose
The very persons who insist that at that date
there was an abundance OF coin In the Treasury 10