The record-union., 1896-10-22


ory on q false premise, do you believe
him or listen to him with patience?
have never heard q speech in favor
Of the free coinage of silver at q ratio
Of 10 to l that was not based on q Sc
ries OF assumptions as baseless as the
famric Of a dream"
THE CRIME OF '73''
Taking up the Democratlc-Popullst
cry of the crime of '73. Mr.. Boutelle
said: I'VE had fellow running for
Governor. or who thought he was run
ming for Governor, up in our State. He
said that he was in favor OF the free
coinage of silver at q ratio OF III to 1.
One Of his stock arguments was the
crime Of '73. He was fond OF declaring
that by one stroke of the pen silver had
been demOnetized and One-half OF the
redemptive money Of the United States
wiped out. I have been trying to hgufe
that out, but can't. The only explana-
ton can give for his bell Il that one
half the redemptive money was oe-
stroyed is that he argued thus: dolo
Is one, silver IL one, one and one are
two: silver Is demonetized; one from
two leaves one; one-haf our money is
gone. And that, too, in the race OF
the fact that there was not single
dollar of redemptive silver In the
United States at the time OF the ACT
Of 1873.
THE fact is that in ali the eighty
years Of American history up to 1915
there had been less than 100000 sill
yer dollars coined, whereas there hao
been hundreds of millions of gold
if a
fact that silver had been demonetized
in 1873, it would not have destroyed
one half of the redemption money. for
100000 is not the one-half Of hum
dreds Of millions.
NOT DEMONETIZATION.
But the truth is that silver was not
demonetized in 1873. Every dollar OF
silver coined up to that time remained
in circulation and was just as legally
part of our money as it ever was. That
law provided for the continuance OF the
| coinage Of subsidiary silver and for the
coinage Of the trade dollar, of which
during five years over 3S,OOO,OOO were
coined, nearly five times as many as in
| the eighty years Of our previous exist
ence
I'm 1878 there was passed the Bland
| Allison Act, under which over $780,
| COO,O0O were coined, and still silver
went down and down and down, until
the demand was made that we should
purchase more. Then came the Sher-
| man Act for the purchase Of 4,oOO,OO
ounces every month and the issuance
Of silver certificates upon 1T as fast as
the ingots could be piled UP, and we
coined S1O0O00.000 more. and yet the
price Of silver bullion went down until
it reached 80 cents on the dollar.
A COUPLE OF TIPS.
| Does Bryan think the American peo-
pie fools that he tries to convince them
that the Government was less favorable
| to silver during. twenty years when 1t
coined 100000 than during the
eighty years when it coined less than
Sc, ,OOO, 600? The reason silver went
down is the same reason that potatoes
go down-because Of overproduction.
Til tell you how to raise the price of
silver. Take two thirds Of the silver
| bullion in the Treasury out into the
| ocean and drop 1t into the depths,
where 1t can never be recovered, and
I'll give you a tip ON the market-buy.
| But give Rothschilds an incentive to
come over and buy up the Colorado
mines and the inventive Yankee a rea-
son to apply his faculties and increase
the product and I'll give you tip on
| the market-sell."
BLAINE MISREPRESENTED
Referring to the attempt to make
the friends of Blaine believe that their
IDOL was free silver coinage advocate,
Mr.. Boutelle said:
/ 10 dot
Of James G. Blaine, pretending to show
that Blaine was in favor Of the free
coinage of silver. when he knows that
the very speech from which he quotes
was in direct opposition to that policy.
Blaine said in that speech that it would
be ruinous for this country to attempt
to carry alone the burden of free silver
BRYAN BUNCOMBE.
Bryan says: We propose that any
man who owes a debt shall be able to
go into the market and buy silver bull
lion and take it to the Mint, and for
| every Alp grains get a coined dollar
with which to pay his debt When he
says that to what trait Of the human
character is he pandering? 1 think 1T
is fair and inevitable conclusion that
he Is appealing to men to vote TOR him
i'll order to be able to pay their debts
with one-half of what they owe Some
have expressed the fear that California
will become particeps crirninis in this
gigantic fraud.
Il don't believe it. I have no mess
age for those who believe in such a
doctrine. And If I had, it would be of
10 influence with them unless I could
point out to them some other fellow
whom they might rob instead Of their
creditors. But
| ADVERTISED VILLAINY
Never succeeds If the boldest, most
| daring and adroit bank robbers and
| skillful burglars in the world were to
go about and post bills on banks say
ing that ON and after March 4th this
bank will be robbed Of one-half Of it's
deposits they'd never rob a bank
And SO If the papers on November
4th should state that the United States
| lad elected a socialistic and anarchis-
tic President 1t would be posting no
| tice Of the intention to rob and the
villiainy would be defeated. 1t seems
to me that Mr.. Bryan has overlooked
this fact in his conspiracy-and I make
no apology for the use of the word
and that between the Sd of November
and the 4th of March there will come
upon this country flood of compul-
sorry liquidation that will produce the
most awful financial disaster ever
| known.
| People will be tumbling over one an
other to collect their debts. Let the
fat once go forth that Bryan Is elected
and that the creditor will get but so
/ Ut