The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-10-09

more money. I believe that the free
coinage of silver means less money
+ standard money Is the measurement
CT the value of all material things. The
L6ulOn must have common denomina-
tor-a measure. That measure is the
standard dollar. This standard must
ne as unvarying as 1t Is possible for
mortal man to make It. So 1t was that
in using gold and silver to measure
value, trouble arose over the changing
standard. Consequently the great COM
mercial nations have adopted one
metal to measure values with Great
Britain was the first to do this She
adopted the gold standard In 1915
Hence we have an example to study
What has 1t done for Great Britain :?
l submit to you that her success with
II Is an encouragement OF the gold
standard. It made her the financial
center of the world. 1t enabled her to
loan money to her manufacturers at
the low rate Of 2 per cent. Moreover,
Great Britain paid her labor higher
wages than any other country paid
L have no use or respect for the man
who refuses to recognize the truth
OF an argument because he does not
IKE the man who advances it. The
mention of Great Britain may sound
hateful to many Americans, but
would far rather see Uncle Sam pa
rading the street with Queen Victoria
applause.)
Mr.. Rankin discussed standards gem
orally. "The standard yard means ex-
actly thirty-six inches The essential
element of the bushel measure is capae-
fty. 1t must contain four pecks. The
pound weight must have 16 full ounces.
What Is the standard measurement of
the dollar? We answer 100 cents.
You can't make standard dollar out
OF 53 cents worth of silver. applause
But 8 gold dollar Is worth 100 cents
even IT you efface the government
stamp. It is a standard dollar But
If you coin So cents worth of silver into
a dollar you create q new standard.
you defnoralize business and you turn
men out of work. In the case of the
Mexican dollar, everything was adjust
ed to the cheap dollar. But an Amer
lean dollar would buy twice as much
as the Mexican dollar. But the trouble
Is to adjust business to the cheap dol
lar. You've got to tear every thing to
pieces to get there and the people of
this country are not going to do any
thing Of the kind. prolonged ap-
plause.)
In 1887 the government started out to
coin the metals at a ratio Of 16 to l.
But finding the silver above par, they
had to resort to gold, for the silver
stayed away from the mint So the next
change in the coinage law took place
In 1853, when the government readiust-
ed the fractional dollar. The silver
dollars were worth more as silver than
as money. So congress reduced the
weight of the dollar per cent No
fractional silver was coined under free
| coinage after 1853 So after 1853 until
1873, we coined $4,000, 600 silver dollars,
reduced per cent In weight In 1857
the government deinonetized all foreign
called the crime Of 49, What did 1t
consist Of? Simply Of leaving out the
4l2Hs-grain dollar and substituting the
420: grain trade dollar The silverttes
tell us that all the hard times are due
to the crime of '73, and that the com
| mon people were sold to the classes by
the crime Of 49,
shell, manufactured in '73, twenty
years to explode. Q4aughter) That
congress Of '73 must have had pro-
phettc vision. If not how did thew
know how long to cut the fuse. so that
the shell would not explode until the
Democrats got control OF the govern
ment?' tGreat laughter>
when that act was passed in 1873.
the silver dollar was worth 103 cents.
We had then coined only a little over
S,3eO,0OO of those silver dollars in 81
years. Yet the Silverites assert that
the congress OF '73 sold out the govern
ment to the foreign powers, for fear
they would foreclose their securities
ana compel US to yield up those $780,
GOO silver dollars, which had disappear
ed from circulation long before. <Olaugh-
teri. +'sss. ~ 2 -
Who committed this crime of '73'
Who was president? Gen. Grant. Mr..
Bryan talks gliby about the common
people having no show in this land.
He says 1t is a conflict between the
masses and classes. say to YOU that
II ever man belonged to the people.
1t was. Gen. u. S. Grant. I would like
MT. Bryan to name man who has gov
erned this nation, who was born with
q gold spoon in his mouth! (Applausel
When we needed a great general ia
govern our armies, we took a man
working in tannery, and he became
one OF the most brilliant generals in
the land. So with the gallant Phil
sheridan, Abraham Lincoln James A
Garfield, and now we're g,oine. r. talre
another man. from obscurity. unknown
twenty years ago, William McKinlev-
ana were going to make him president
Loud cheering). And yet BRYAN saws
the common people have no show
Bryan Is a man poor in purse and only
tnlrty-slx years Of age, and notwith-
standing this, he Is second in the race
| FOR president Of the United Statesi IAN
plause). Who says the common people
nave no show? Why Bryan's month
won him the nomination against fearful
odds. tCheers for Bryan. The very
position he occupies shows that what
ne says about the common people is
hoT true. DO you believe these men.
In power in 1873, would deliberateIv
| sell out their country? (Cries of no nnI
Wen you'll have to If you vote for
Bryan" Aoi
Al this Juncture another man aroSa
from the midst of the audience ana
said: anu
The law which demoretized silver
was the law which made gold the unit
| Of value"
Then you think the unit of value
is the standard of measurement do
your" inquired Mr.. Rankin.
There was no answer.
Continuing Mr.. Rankin said that All
the talk about decentralization of silver
| was Popocratic wind, and that tha
Popocrats were braying 1t on every
/ street corner.
! Mr.. Rankin demonstrated the falsitv
OF COINS assertion that silver and gold
walked side by side into the mint prior
1 to 1873 There were s795 O91 500 of ssold
as against 1891 ,238 of silver receiTe 5S'
Mr.. Bryan says continued the
| speaker, that we have a dear dollar.
a 200-cent dollar, and that hence the
masses OF the people have been sold
out to the dollar or the man who holds
! 1t. 1 am here to challenge that state
| ment Since 1892 the country has been
/ In control of the Democrats. and they
| are responsible. But from 1860 to 1892
Il am here to defend the government
! during that period. We recognize the
| application Of machinery to production
both in the factory and on the farm.