The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1896-09-25


Elk -sECRETA ]
SCHIJRZ.
SHOWS CLEARLY THAT FREE SILVER
WOULD MEAN RUIN TO INDUSTRY.
Threat 70 Put the United states ON the
silver Basis Would Cause business stag
/ nation-ain Dryan's schenae' % Throw
the Country Into Fits So That He Can
Try His sixteen 70 One Quaeis Medicine
Evil Enects of the Free Cottage Agita-
tion Already Manifest.
Hon. Carl Schurz, ex.secretary Of the
interior, addressed an immense audience
in Central Music hall, Chicago. on.
Sept 8. Speaking Of q possible free sill.
yer victory he said:
Consider what the immediate conse.
quences would be II Mr.. Bryan were
elected president, with acongress to
match. Mr.. Bryan would q course be
anxious to have his free coinage law
enacted, but that could not be, even If
he called ON extra session OF congress,
until some time in April or May, FIVE or
six months after the day Of election.
But as soon as on the 9TH Of November
the result Of the election was announced
everybody would know that the parity
Of gold and silver would not be main
tanned
It having been made cartain by Mr..
Bryan's election that the parity, Of gold
and silver would not be maintained,
there would be q rush upon the treas.
nry for the gold in it by persons hold
ing greenbacks entitled to redemption,
and the gold reserve would be exhaust
ed in o twinkling. Gold.will Instantly
disappear from circulation. TO be hoard
ed or exported. Why will disappear?
Because every sensible person when
making a payment will prefer to make
1t in the less valuable dollar and hold
the more valuable gold dollar back for
more profitable use. Goodwill there.
fore quickly rise to premium, and we
shall be ON the silver basis long before
free coinage law can be enacted. Our
daily transactions in buying and SELL
ing, in paying and receiving wages,
will no longer be carried on upon the
basis Of the gold dollar worth 100 cents,
but Of the silver dollar worth SO cents
or thereabout, for the government will
no longer hold up the silver dollar to
the value Of the gold dollar. "
The quantity Of gold vanishing from
circulation will amount to about 5000. :
600. 600. the Disappearance Of which
will make q tremendous hole in the
volume of our currency. But, says the
silver man, there will be free silver
coinage to fill the gap promptly with
coined silver or silver certificates. oh.
no, my fellow sufferers. The disappears
ance of gold will happen promptly after
the election Of Mr.. Bryan. and there
will not possibly be any free coinage Of
silver for at least six months, and &c
Will 1S4ulfb " &f6aI luuuy more tuOpGEH
to fill gap Of $500, 600, 900. &
What will happen meanwhilea The
st Louis Globe Democrat reuoi9ss M:
Bryan to have said some time e q
think it-meaning the victory 81 the
free coinage movement-will cause q
panic But the country is in a lisplor.
able condition, and it will take en- trei,,e
measures to restore 1t to q condition. of
prosperity" Whereupon the ST. Louis
paper pointedly remarks, ''Evidently
Mr.. Bryan has heard Of the doctor Who
always threw his patient into Ats before
administerin, any curative mad;cira %
Just so
How, then. would Mfr. Bryan,s .etit,,
work? The sudden disannearance az onr
gold from Circulation would produce
the most stringent contraction Of the
currency on record. Business mem who
owe money and at the same time have
money due them viii DO forced to col.
lect that money by every means ~ their
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