Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-10-31

q year and al that rate viii double the
present vast sum OF gold money in ne
world within twenty years, thus making
it, control so much the more difficult
The Republican party has been lsgis-
liting 70 make the dollar dearer.
Senator sherman said January -.
1923. II our present currency is esti-
mated at 81 49, 100000. and our population
.s Increasing at the rate OF 3 per cent per
annuIn. II would take si2eW.o0 Increased
circulation each year 10 Keep pace with
the increased population. What
-, vision has the Republican party made
for The supply of the money that we
need! None whatever. Greensboro, y.
g.. Speech.
There was added to the metallic cur
reicy OF The country last year Sc, 1875. 7Sl,
or 80 per cent more than sufficient 10
keep pace with the increase of The pop
-llation- In the preceding year isJi. the
amount added to ii was $50 Isi,sFSS or more
than twice the amount needed for this
purpose. There has not been a year since
The repeal Of the Bland law In which the
increase from the coinage of gold alone
WAS not much more than enough to keep
pace with the growth CT population. The
reduction of the money of the country
anu OF that In circulation is due to the
fact that the tariff law which Mr.. Bryan
helped enact brought enormous quantities
IF foreign goods into the country ana
took money OUT of Ii to pay for them in
%,cad Of keeping It at home and circulat-
inE it among the working men ut the
mills and factories, rs did the Mckinley
If YOU think You have hard times.
what would IL be If these same Influences
succeeded in driving India 10 gold stan
card. II they should succeed In suspend
ine the free coinage OF silver in India?'-
WCiedo Speech.
Free coinage Of silver iii India was sus-
fi~ ldrd in 1875 and Is still suspended This
ac ion WAS taken on the recommendation
of It commission on the currency APP
pointed on the recommendation of the
council of the government OF India The
Iniats Of India We're CLOSED TO silver on
JCnr - lNe' with the aVowed purpose Of
Cy 'ntually establishing Il single gold
standard. They still remain closed to sill
var. no SILVER coins except small frac-
ti9nA currency having been coined a the,
n5ints of india during the year lS4l-95
most Of this being recoinage OF uncurrent
con and foreign coin
Wage earners know that while a gold
standard raises the purchasing power OF
he dollar il also makes it more difficult
10 obtain possession of The dollar -
N Olson square Garden Speech.
The report Of the committee OF the Uni
ted States Senate. OF which his silver as
SO late Senator Jones Of Nevada was
N mhcr ana whose report Is accepted ny
earnings of labor have steadily increased
si'sf'e 1918 the date Il & which he claims the
United States went to a gold standard.
'rh- report Of this Aidrch committee
lows the average wages Of labor in 1891
~cFc materially higher than they were II
reduced to p gold basis. while the dollars
now earned will buy on an aveca2r .
per cent n ore than they did then. If
;h-Tf h been decrease in the wages
of labor since The date of the Aldr,ch re-
port, il is IEat Of the past two years. due
ihe tariff levy which air Bryan helped
frame and pass