The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-09-13

price. Here is another picnic for the
ROthschilds, the syndicates and the
crowned heads of Europe They VIII cor
ner silver as easily as gold. since their
Vaccinations are rendered easy In the
United States by thus demonetizng gold
for them to begin with. But the British
and European powers and conspirators
| may have a few battered remnants Of con
science left. They may object They may
| put in motion the legislative fat Of their
| countries which more than equals in pO-
| tency the legislative fat Of the United
| States. In order TO protect themselves
| from a two hundred cent silver dollar
! they might illuminate thus: I'VE ordain
and establish that hereafter gold dollar
| shall be legal tender at one hundred cents
| ana silver dollar,q Ut fifty cents" Then
! let opposing jhffsdfe ton clash. Then
| would values rise and fall with the APP
pearance or disappearance of the British
! lion and the American eagle If the old
| Titanic battles OF the gods upon Olympus
| were fierce enough to shake the earth,
! how fearfully would the war Of giant fiat
against giant fiat convulse and rend b?'
| OF course. Mr.. Bryan knows that gold
| VIII take flight TO countries where legisla-
! ton adds to its value and our devoted
| country will be turned over to the silver
| standard, which will be as oppressive, as
| crushing, as grinding as the gold stan
| dard ever was alleged to be. Silver mono-
| metallism will reign supreme. The mine
owner will rejoice but the poor people will
| md their dreams rudely broken and their
idolatry of the silver goddess suddenly
| disturbed.
The Mexican peon, the Chinese cooIie
| the ranchero of Argentina will rejoice in
the possession of a silver dollar of double
| its present purchasing power, everywhere
| throughout the globe will be the apotheo-
| sis of Bryan, the Alchemlst, who, disre-
| garding the claim of his own people for
| his benefactions, scatters MS gifts to the
| silver universe.
Further on, Mr. Bryan says "a dollar
which increases in purchasing power is as
dishonest as a dollar which decreases in
purchasing power" He means to say by
this high-sounding expression that both
an approaching and depreciating dollar
are dishonest But he has pushed his sill
yer dollar to the high appreciation of gold.
The different stages of wickedness have
been passed; the eliminating point has
been reached when silver Is raised to the
bad eminence" OF a gold dollar. At one
bound he has leaped over all minor evils
and reached the throne where silver ex-
allied sits' supreme in its baneful excel
lence and power. And as gold is always
appreciating, according to the new dis
pensation, so Is silver to be always ap-
preciating, and Mr. Bryan stands forth
the upholder Of the standard of the Roth
schilds and money kings, who grind the
faces of the poor"
win not notice the impassioned appeals
made by Mr.. Bryan to infiame the poor
against the rich. Whenever a presiden-
tial candidate can stoop to the arts Of the
demagogue, the cause which he advocates
must be poor indeed. He gives no reason
and produces no proof for the bold position
he takes but makes up in assertion what
he lacks in reason or in proof.
II is assumed that prices nave depreciat-
ed and that the cause Of the depreciation
I at n i'm ~ rrot1 TD,-ga
not deprecated abnormally. The decline
in the prices of all commodities from 1873
TO 1881 as found by the authentic report of
the Senate finance committee was only
| seven and eight-tenths per cent from the
basic line of 100 taken from the prices of
| 1860, the prices during the inflated period
| being carefully reduced to a gold basis
| According TO that report food products
and lumber advanced and the prices of
clothing, fuel metals, drugs and chemicals
and household goods declined. The rise
and fall was not regular, but see-sawing
| as the markets were affected by supply
| and demand
There have been some 5000 patents OBJ
| tained since 1873, introducing improved
| methods of production and manufacture
| in all branches Of industry. Any one can
see at glance that new and improved
methods have brought about lower prices
by reason of diminished cost of produc-
| lower prices, especially for the prime ne
| cessities of life. The decline in the rates
| of transportation has more than kept
pace with lessening cost OF production
| and manufacture and the human race
| to-day, with gold standard elevated over
the Industrial field, is better educated,
| better Fed and clothed and housed than
| in all Its history
| Labor has demanded and received more
and higher wages, has become more and
more efficient in every department Of in
| dugtry. And nowhere under Gods heay-
ems has the laborer prospered more and
| Jared better than In this land where gold
| measures all of earthly values.
| But gold has not appreciated. The de-
mand has been fully met and more than
met by the supply. In 1894 the gold sup
ply of the world was $17S,OO0,0OO. In the
| period of the greatest gold production in
the world in the past, from 1851 to 1860,
there were produced 81, 292, 1881, 900. In the
four years from and including 1891 TO
| 1894, SOFA, IN, 700 were produced Gold
deprecated then and there is no good
reason to show that 1t has not deprecated
of late years.
Besides the production of silver
since 1873 has been abnormal
In the first sixty years of
this country the annual production new
err exceeded 100000 ounces. After this
period the annual output increased by
bounds, reaching In 1874 $4,000, 900 ounces
Between 1881 and 1885 the production was
92,OOS94 ounces, and in 1886 reached 81, 297, =
2S0 ounces, which was an increase OF 4O(
per cent over the average of each OF the
four years preceding. In 1889 the produc-
ton rose TO los, S27,606 ounces. In 1894 II
reached 1666Ol, 995 ounces. Can any ons
doubt that this enormous increase Of pro.
duction, with possibilities of unlimited
supply together with a lessened and les
SEEMING demand, :dINve silver down below
the level of all other commodities? Here
is scope for the Rpplication of the law OF
supply and demand which Mr.. Bryan is sc
fond of quoting. He says legislation plac.
ed an artificial demand on gold and de.
stroyed the natural demand for silver. He
is mistaken. Commerce has outgrown sill.
yer as a measure OF value. Even as q
medium of exchange II has been supplant
ed by many substitutes by credit instru.
ments, affecting prices and TRANSFERRING
values to the same extent as any coir
disc. The demand, the desire TO possess
coupled with the ability to acquire has
gone from silver. The world needs gold
Commerce demands IL as possessing mos
value in less bulk, and as less variable