The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-10-20

| lattnB medium OF tne country uHth tno
same shall amount to $40 per capita OF our
population
The farmers also, through their Ma
tlonal alliance, have repeatedly de-
mandcd q circulating medium Of $50
per capita, to keep pace with our re-
quirements.
If our soil yields us sufficient for our
needs, and representing that need Is
small volume of money, panic Is the
| result and distress is general.
This is an artificial panic, onI the
gamers under such state of affairs
are the few who become noblemeR or
masters, and the sufferers arc the
many who, through long continuation
| of such system, become slaves.
Now, let me Gull your attention to
some figures.
The volume of gold and silver in the
world is estimated at $1,000, 900, 900,
ubout equally divided between the two
metals.
If, as the gold men fear, America
shall be deluged by u flood Of silver, let
us see what that flood would amount to
in the event of the fulfillment of their
prophecy.
If the entire worlds stock of silver
dollars (3,500,000,0O0) were exchanged
for American labor and products, how
much would we get? Fifty dollars per
capita, or mere trifle more than the
volume of money France employs to-
doy--a country possessing about one
tenth of our area.
just think of It'll To accomplish such
result we must deplete the treasures
of every country upon the face OF the
globel France must yield to us one
half of its specie wealth and contract
its volume of money correspondingly.
Mexico, China and India must surren-
der their all, and thereafter do business
upon some other basis than specie
one.
Yet, this is the dire prediction Of the
gold standard advocates In the event
of the United States adopting BIZ
metallsm.
Do you believe such result would
follow our return to bimetallic poll
cy? And, if you do, would you not be
quick to vote for financial policy that
would practically give to us one-hnlf
the specie wealth of the world?
Let us examine into our stock of
gold. There are no available proofs
that we possess a gold stock Of $780,
100000, or five dollars per capita. But,
for argument sake, will admit Of such
stock on hand
If, as the bankers of the country
demand, we destroy our greenbacks
and treasury notes, and IL, as Secretary
Carlisle says, silver dollars are redeem
able in gold, and to prevent the endless
chain performance, which we are al-
ways subjected TO, we also supplant our
silver dollars with bonds, we find our
selves dependent upon our gold stock of
money or per capita of five dollars,
about the same as now employed by |
those enlightened countries, Spain,
Portugal, Italy and Mexico.
Would you, with your eyes open, vote
for such a policy? And yet this is
what confronts us if the gold standard
prevails.
Ts prevent such degradation our only |
present alternative is bimetallism.
The government statistics give us
s2i per capita, and the great press of the
country refer with great gusto to that
(!) showing, one-half OF
what little France enjoys.
They do not tell us, however, that the |
100000 and odd silver dollars which |
go to make up the per capita were only |
secured to us after fierce resistance |
hn nd
determined fight on the part of the
friends of silver. Had the gold men |
been victorious in that contest, our |
per capita would have been reduced nt |
least seven dollars.
Nor do the united money advocates |
refer, at this time, to the fact that |
il was through their efforts that the
Sherman law, which added S15o,000,000 |
to our volume of money, was repealed. |
Neither do they 0ust before the cleo
tion) demand the retirement OF the |
United States greenbacks, |
which would reduce our volume OF |
money to that extent. Not any OF these |
facts do they tell you at this time be- |
cause they fear that you may get on to
the system they propose establishing |
to enslave you in the event of their be-
ing successful in November.
If this outfit of labor oppressors ever |
made one prediction which came true,
some slight crcdencc might be plnced
in n statement from them nt this crit
ical time.
Let us see. We're they right when,
through their secretary of the treasury, |
John Sherman, they exacted OF Presi-
dent Hayes a veto of the Bland-AllIson
bill? by which bill was added over
$370,O00,000 to our currency and to
which they now point with so much
pride as part of our volume.
Were they right in 1893. when they
exacted of the executive and their con-
gressmen the repeal of the Sherman
law? Do you recall how they enlisted
every banker, broker, manufacturer.
corporation attorney. board of trade
and chamber of commerce in the coun-
try to Join in the demand for the re-
peal, stating that II done prosperity |
would Immediately follow.
They. ns well as every financial stu
dent In the country, knew they were
lying then as they are lying now. and
that Instead OF prosperity their policy
has been and will continue to be mis-
cry and starvation for the masses.
They now have the audacity to again
demand that you follow them, and
again nre calling to their mid all the
bankers, brokers, manufacturers. high
priced ministers, union generals (who