The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-09-18


YOU increased the price. Legislation
has decreased the demand. India sus-
pended the free coinage of silver. The
United States stopped the purchase Of
fifty four million ounces of silver a
wear and our administration has been
hostile to silver and has thrown dis
credit upon it as a standard money.
"All these influences have combined to
destroy the demands for silver, and if
hostile legislation and not natural
laws, we must complain. We could not
cure natural laws. We can cure vicious
legislation and we believe that the
opening Of our minis to the free coin
age of silver will restore a demand
sufficient to take all the silver that
comes and thus raise the value of sill
yer bullion to one twenty-nine an
ounce. That is one point to which [
wish to call your attention. You are
told that the decrease in the cost of
production has affected the price Of
silver. ! call your attention to the
fact that there has been decrease in
the cost of producing gold and yet
gold has rizen in value. They tell me
that improved machinery has come
in to lessen the value of silver. I'm
proved machinery has been applied to
the production of gold and it has not
affected the purchasing power of an
ounce of gold. The price Of gold and
silver does not depend upon the cost
of production. The price depends on
supply and demand and no matter
how much the production falls, if the
supply does not increase as rapidly
as the demand for it the price of it
Will rise.
another point: They tell you
that you cannot legislate two
metals together, because Of their vary
ing productions, but they forget that
when the government stands ready to
take all the gold for a certain price and
all the silver at a certain price and
convert those metals into money at
that price and ratio, it becomes inn
material whether you produce one
ounce of one or ten of the other or
reverse the productions. There can
not be a change affected in the ratio
until the government fails in its ability
to consume or rather to take and util-
ize all of both presented"
Quite a number Of Raleignites had
come down to escort Mr.. Bryan into the
capital city. among them Mayor Russ,
Judge Walter Clark Ben. r. Lacy.
!. n. Holding, n. b. Broughton. Fl. +.
Smith. Jos. e. POgue, Mai. S. + Telfair,
the two latter having taken the train
before reaching Durham. Then Judge
Gus Graham got on at Durham, and
the train was off for Raleigh. The
legends on the train had been changed
on leaving the Tennessee line. conspic-
uous now among them being the fol-
lowing: so to ] is good enough for
North Carolina" and again. "The star
of the West has arisen. Hail to Lib
erty." Everybody was in jolly humor
between Durham and Raleigh for
North Carolinians felt that their State
had done the right thing i'm its own
hospitable, patriotic way for its honor
led guest.
THE TRAIN AND ITS OCCUPANTS.
Never has a train passed through
North Carolina from its mountains
to the capital that has attracted such
attention. Never have so many people
desired to cast eyes upon a train and
its occupants, never have towns and
counties turned loose their inhabi-
tants en- masse to greet and bid adieu
to passing man or company of men.
Never before within the same length
of time have so many thousands of the
manhood and womanhood of the State
listened to a single speaker, and never
again perhaps with they listen with
such earnestness to the uterances of
any man.
The Bryan train has had a triumphal
march. It's occupants comprising the
committees of escort from the differ
ent towns made the trip a jovial and
glorious one.
Among those comprising the escort
committees were: From Raleigh:
Clement Manly chairman Democrat
ic Executive Committee; Hal w. Aver,
Chairman Peoples party committee;
Jno. W. Thompson, Secretary Demo-
cratic Executive committee; f. M.
Simmons, member Democratic Execu-
tive committee; Gov. Elias Carr, Coll
Julian S. Carr, Col. B. Cameron,
Josephus Daniels, member National
committee; M. w. Page, r. H. Battle,
o. j. Carroll, W. NJ. Russ, J. e. Pogue,
II. f. Smith, J. n. Holding, N. B.
Broughton, d. X. Wright, +. M. Sim
mons, w. B. Snow, S. Ohio Wilson,
Capt. C. M. Cooke.
From Durham: G. c. Farthing, E. J.
Parrish, r. B. Boone, c. d. Turner, F.
A. Green, j. S. Manning, j. r. Pinnix,
F. d. Markham, T. L. Peay, r. w. Win
ston, w. B. McGary, N. A. Ramsey, o.
T. Smith.
From Winston: G. w. Hinshaw, f.
B. Jones, Jno. w. Hanes, Eugene AL
bea, G. IT. Cox, Frank p Milburn, J.
C. Buxton, w T. Brown, J. f. Thomp-
son.
From Greensboro: David Schenck,
Jr, J. M. Reece, j. M. Woody, j. L.
King, j. D. Glenn, r. f. Dalton, J. j.
Nelson, John Schenck, G. III. Ireland,
J. G. Bynum, G. s. Sargent, y. V. Tay-
lor, J. NJ. Hayes, w. H. Reagan.
From Fayetteville: J. B. Smith, A. A.