The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-09-02

that II we SLOO0 DY LEee silver we WOula
drive Europe to bimetallism. But those
who made this argument have proven
tIlaI Lhey We're not sincere their purpose
was to deceive the American people.
| (Applause.)
In this campaign every party in its
pIauorn SO far has declared that the
principle of bimetallism is better than
q soid standard; and yet in spite OF
tnsse declarations you all know that
LueTe IS a body of people in the United
states VINO, under cover OF friendliness
10 DlnetaIlism, are seeking TO fasten a
goa standard upon the American peo-
Now. If you will be quiet awhile I
VIII talk to the other side and come
back TO you later
GU have been very patient. don't
know whether can keep track Of my
speeches or not. have been trying to
tell those other people something which
l would have told you had they not
been here. Now YOU will find neoDle
VINO are afraid of a flood ofsflver. There
IS nothing to excite my sympathy more
Inan to ind a man who has never had
enough money in his life, who never
had enough to pay his debts and who
does not know where the money is to
come from to buy food for the next
week There are some people who have
an idea that the free and unlimited
coinage Of silver would in some way
they know not how, bring ruin to this
| country.
Did you ever try to figure out Just
4AVW a MAN Was gong 10 bring silver in
hereE II not, you examine the situation
and see If you can find any way in
which you will be injured. Let us sup
pose that you had free and unlimited
coinage of gold and silver at the pres
ent ratio Of 16 to /; then any person in
the world owning silver bullion could
bring that bullion to our minis and
have 1t converted into legal tender sill
yer dollars just like the one in use to-
day. Now, how could you be injured?
suppose some man made Up his mind
to inJure the American people under
free coinage: how would he do it? Whv
he would take his silver to our mint
Suppose he had q thousand dollars of
it and had 1t coined into dollars, then
he would take these out to hurt the
American people.
You say he would trade that silver
for gold and take the gold away and
leave the silver Where would he get
the gold? Would he get it at the treas
ury of the United States2 Not under
bimetallism, because under binetallism
the government does not agree to swap
gold into silver money. but to make
them legal tender for all debts, public
and private. But it does not agree to
redeem a gold dollar in silver or a sill
yer dollar in gold. Great applause.)
Then under bimetallism this foreigner
could not exchange his silver at the
mint for gold unless the government
was disposed to let him do it. Where
would he get the gold He would have
to find somebody with the gold; he
cOu1Q not nurT anybody by trading sill
yer for gold unless he found somebody
who had the gold, and that would let
most of the people of the United States
out of danger
He would have to find somebody
with the gold, and more than that he
would have to find somebody with the
gold who was willing to let him have
the gold When would the man who
had the gold let the gold go? Why,
whenever he thought the silver was
better for him, and not until then.
Whenever we have anything to sell we
are looking for a man who has some
thing to trade for it. We have to sell.
and instead of being frightened if he
will just let us know when he is com
ing with silver to exchange for our pro-
duets we Will meet him at the depot
with brass bands and show him where
he can buy
Have you ever heard people say that
II did not make any difference how
much money there was, that you could
not get any of it unless you had some
thing to SELF This is a very common
argument Whenever anybody asks how
you can get any money, no matter how
much, unless you have something to
sell, you ask him how you can get any
money at all, no matter how much you
have to sell, until you find somebody
who has money with which to buy. OF
course you cannot get any money IN
less you have something to sell. If
you are a syndicate and have control
of thousands of dollars, you may sell
credit and get money.
"A gentleman asked me last night
how this money could be put into circu-
latiOn. That. to my mind is one of the
simplest of processes. Do you ever
have any trouble in getting your money
into circulation? Now 1 know from
your conduct that your trouble has
been just like mine, not as to how to
get money in circulation, but how could
you keep il from getting into circula-
ton.
ssNJo,v bora 10 +T7a rroceSs We hove
the free coinage Of gold. If any man
produces gold from the earth he can
take that gold to the mint and have 1t
converted into gold coin and then he
can use that gold coin 10 buy anything
he wants. But he does not spend a
dollar of that gold coin unless he is put
ting it into circulation. 1t is not worth
anything to him until he puts it into
circulation, and the moment he does so
it is a part of the cOuntry's money, to
be used in buying all products, How
about silver? The process is just the
same as with gold. The man who owns
a silver mine produces the silver, but
instead Of going to find somebody who
wants to use the silver to make spoons
out of it, he takes that silver to the
mint and has it converted into money;
that money is his to pay for the labor of
producing the silver and paying all his
expenses of mining, and what there is
left over and above that is his profit;
but he cannot spend a dollar of it with
out putting that into circulation.
Just a word as to money. Money is
that which abe law creates and which
the law makes a use for. How are you
going to increase the volume Of your
money! There is only one way and
that is by legislation.
Senator Sherman said in 1890 that
we needed about 10000 900 to keep pace
with population and industry. If we
needed it then we need it now, and yet,
my friends, the Republican party is not
offering you a means by which you
can bring into existence the money that
the people require to do business with
You cannot feed a family upon the food
sufficient for one person. Neither can