The times. [volume] (Richmond, Va.) 1890-1903, 1896-08-23


large scale. and I found enormous plants,
and Investigating this the thought occurred
IN mo what principle uncerlics the sub
fect ~ irrigationY II Is that water runs
down hill When you understand that
,vaer runs down hill all YOU have 10 DO
&C. "a dis, a ditch with a slant and YOU can
carry water wherever you want so II is
Win the money question. You have got 70
end out the fundamental principles which
underlie the subject and when you un-
derstand them. you understand the money
question.
SUPPLY AND DEMAND.
.Vvbat IS the principle that underlies 1t
aU7 IL IL the law Of supply and demand
which applles 10 money as 10 everything
oiee. You know that II the worlds crop
,ovt -vear Of a certain article is
LARGE Il will fan In price; II the
crop IS much smaller than ms
year. that It will rise In price. You
know that tho law Of supply ana demand
reaches and controls all sorts OF proprtl.
II reaches and controls money aS wen
"a other forms OF property. Increase the
amount Of money more rapidly than the
demand for money increases AMI yoh
loovo- tho value OF a dollar. Decrease tho
quantity OF money while the demand for
n increases. and you increase tho value
4
~ a dollar Now. when You understand
that thon Won understand ths essence OF
the money question
"uvbon Won understand that, you un-
derstand what its effect IS on yon' nuu
then vou can tell where your interests
lie When on understand that princi-
ple then YOU can under tand why ule
great crusade in favor Of the gold stana.
ara finds IT'S home among the holders OF
fixed investments, who, hy such leglsid-
ton. raise the value OF the properly
which they hold. tAppiauseD FOR tnl'
I can quote you authority which your op-
poucnts dare not question. ! have cali
ed attention. and T shall continue 10
call attention 10 a remark made by Nr.
plaine in Congress upon this subject.
yTe said that the destruction OF silver as
money and the establishing OF gold as
the sole unit OF value, must have a
rulnous effect on all forms Of property eX-
cent those investments which bring
fixed return Of money (applausc); that
these would be enormously enhanced In
value and would gain dlspro9ortonaie
and unfair advantage over every species
Of property. Npplause)
INVESTMENTS.
'Nfy friends. there IS statement that
no man who has respect for hts reputa-
tion would dare dispute. The gold as
a sole unit of value throughout the world
and the destruction ~ silver as a stand
ard ey. means rat you shall de-
stroy the value Of ali property except
money and investments that call for
hyed amount OF .0oucy. lt means that
you will give TO these investments and
20 this form OF pToperty-money-an ad-
vantage over every other form OF prop
erty.
Now, my friends. when you make up
your minds that the gold standard is "A
bad thing, then the only question that
you have 20 consider is how to get
rid Of 10? They can raise objections
TO the plan which we propose but 1 want
TO suggest that you are interested not
so much in knowing the objections %
our plan as in knowing what plans they
have TO relieve the condition. why don't
they propose something? 10 is because
they do not know what ought 20 he done.
II so. they are ponr 0rio 20 lead you
out OF bondage. UaufhterD is DO be-
cause they know and VIII not tell? II so.
they have not the cand0r that ought 10
De possessed by those Who would redeem
the people from their suffering aud dis
tross. (Appiause)
"They say that orr dollar VIII hs a
53-ccnt dollar. Well now. my f.lends.
they refuse 20 apply 90 the silver that
IS produced I'm the world the lew OF
supply and demand. We say increase
ne demand for silver by legislation az d
that new demand. acting with the de.la7d
now in existence will operate upon the
rricc Of silver. We say that the lev
domand Will be sufficient 10 consume all
the silver presented at the mint ana be
ing sufficient will aise the value OF silver
bullion 10 81 % throughout the world. CAp-
pl9usel We have a reason for our be-
lief. They simply say Il won't 10 ana
then sit back and propose ahs''ute'y
nothing.
HOW To GET THE DOLLAR.
"Now. nv friends. I have known some
Of our opponents to- use this sort Of arlu-
irsnt. why they say n the free coin@s@
az silver makes n silver dollar cqum 10
n gold dollar why, then 1t VIII be just
as hard TO get a silver dollar as X -
Z, get a gold dollar. DO You know WHAT
The, overlook They overlook the iaot
that when we bring silver INTO compe eye
tfon with gold we increase the supply
Of standard money. that While the fhFtE
dollar viii De worth as much as lhe tu.n
dollar Il will be easier 10 OBTAIN WIN
the products OF toll silver noiir OF "
gold dollar than 10 IS today 'App'a. a.7el'
"Our COMPLAINT IS that the same nos
the legislation which has destroyed the
demand for silver and driven down
the nrice OF silver when measured ny
cold has also increased the demand ior
gold and driven up the price OF go'd
when measured by other forms OF prop
eurv: and that the opening or our mlh's
IN the free and unlimited coinage or
silver will operate 90 bring more money
into circulation "a voce. THAT'S what we
wanD and lessen the strain that has eN-
isIed for gold. and that by Increasing the
demand for silver We bring silver up
until gold and silver meet al ths ratio
now fixed by law. and a silver dollar and
a gold dollar will be OF the same value
all over the world. Applause
HIS DEMOCRACY QUESTIONED.
"But have spoken beyond the time
expected TO. simply wan, 20 say this:
II there Is any person here who IS afraid
that under the policy proposed by the
Chicago platform we ara going 10 have
n aood of money, and that YOU will he
drowned IN II. we cannot appeal 10 you
for SUPPORT. But II there Is anybody
here whose experience IS such that he is
willing 10 risk tho disastrous c0nseq-
quence of that food upon him. we ask
you TO consider whether we are not en-
titled to your vote "A voice: "Are you
p Democrar?'O 7 think that the prin-
ciples which I advocate are Democratic.
a voice. Are you a Democrat?'O Yes
1 am myself. but you can call ne ~ any
name YOU please. You cannot sever ne
fr~o what halfava 10 Ne good Tor ~ I.