New Ulm review., 1896-09-02


the world begging that we shall receive
less merchandise for our gold. Can any
thing more ridiculous be suggested?
(Hear, hear. We, who have Int hun
dreds, nay, thousands Of millions to for
Ieign nations, shall ask them that for this
money they shall give US less in return
than5we now receive! Hear.
With this speech Shylock Harcourt
has laid bare the kernel Of the whole
matter. Shall producers pay double val
ue in goods ornot? The English credi-
tor grows rich, while. his American VIC
tim goes to ruin.
When once it becomes fully under
stood in London that Bryan is hound to
enact free silver coinage, without the
permission Of the stock exchange, will
mot the fear OF the decrease of American
values bring about that city's CONVEX
sion? Then Balfour will follow his bi-
metallic convictions, and in that case all
Europe is conquered.
It is self-evident that the American
people desire to be as independent of
the manipulators of the bourses of New
York and Chicago as they must be abso-
lutely free Of the conditions that govern
speculation in Berlin and London. So
called silver fanaticism, of which we hear
so much, is really but protest against
shady bourse manipulations that threat
en- the small man year in and year out
The American silver party, If it means
to do its full duty, must not be content
to break the gold monopoly, but must
also put an end to the fluctuations of the
value of silver. THIS should he accom-
plished as follows: Immediately after
Bryan assumes his office the governm snt
of the United States should ask the pow
ers of Europe whether they desire mu-
tual understanding with reference 10 free
coinage. The powers will not be long
in formulating requests and submitting
propositions, by whose adoption all con-
tracing parties will gain. Thus it may
come about that international bimetal-
lism and the best possible solution of
the financial and economical problems
of the day will be the ultimate results
of Bryan's and the peoples victory.
But how will it be should Mckinley be
elected? Nothing could act more disas-,
trously on the American standard. Only
Bryan can save the American standard
by an international understanding.
The honest money party overlooks the
fact that the present American standard
is endangered more by causes emanating
from itself than by Bryan. It is true
that the banks are just now heaping up
tie coin of the treasury, and contrary to
their usual ways, without compensation.
This may proceed for some time, but
should Mckinley be we'll installed, they
will remember the nice little profits of
the Cleveland bond issue and "get even."
Does anyone believe that Wall Street
gives up its gold so unsel6shly? The
aim is TOO keep up the single standard,
for,should November pronounce it's doom
silver would, as money, he decidedly
'stronger"th paper with gold prem
ium.
How will Mckinley seek to combat the
chronic standard crisis? With pro-
tective tariff?
In case protective tariff shall he en-
forced, the income Of the government
will be lessened, since the imports will
he reduced. Look then, also, as under
Cleveland, for another syndicate winch
will be asked to play the guardian angel
role over the standard, and the Ameri~
can people will contribute more millions
for the redemption of currency, thus
playing Int" the hands of the money
lenders and lowering the prices of all
products.
BrJan has a money program, but how
is McKinley's? With the simple prom
Use to maintain the gold value of the
standard nothing can be effected. By
what means can this bL done? Mckinley
and his party must confess that the only
means acceptable 10 the American peo-
pie would be international bimetallism.
+ The sound money party therefore, can
not save the gold standard. If McKin-
ley be victorious, it is doomed. Unless
his prohibitive tariff bugaboo will bring
Europe to terms, with US the alternative
is Mckinley tariff or Bryan free silver,
in America it is Mckinley coercion or
Bryan silver. "Incldlt in Lcyllam qui
vult evitare Charybdin." %
This is silver's revenge! &.
It is really edifying too see how our