The morning times., 1896-08-12
It Would Deluge the Country with Misery.

It Would Deluge the Country with Misery.
In his speech at Upper Sandusky, Ohio, Mr.. Bryan
made of the following language:
''H any of you are afraid of flood of money,
want you to vote the other ticket
This utterance was evidently intended convey the
impression that free silver would bring flood OF
money that would flow into every citizens pocket and
delight the hearts of the impoverished with the sweet
tinkling sound of its tidal dollars But Mr. Bryan
did not stop to explain from what this flood OF
silver For the sake of the argument let
concede his election and Inauguration President.
Alter having given audience to army of
such disgraced the beginning of the present admins
tration he would doubtless find time to procama
convenng Congress special session about the first
of June free coinage law Possibly the bill
might be forced through the House before the December
session, but when it reached the Senate the contest
would be of endurance, and the bill could not be
passed without long delay With the homer of
try at stake and the positive knowledge of the repudia
ton of half debt public and private should the sill
policy prevail sound money Senators would neither
allow cloture rule to be adopted permit free coin
age bill to become law How, then, could have
flood of silver with such effective sound money oppos
tion?
But suppose law eventually engrossed on our
statutes. By that time the entire country would have
been devastated by panic More than half wage
earners would be out of employment and business gen.
orally would be standstill. Our currency would
have been contracted than $780, 0000 900 by the
withdrawal of gold and money famine would be Great
ing thousands of disastrous failures. Prompt heroic
and reliable would be necessary prevent
revolution and preserve the Union from dissolution
that free silver could be depended upon give
relief Let why; The worlds entire surplus sill
product for 1894 $76 Cos 49, which would prob
ably be increased to 500, O0O 0O0 Of this
could only $40 000 000 provided it could all be
secured Consequently to the strngency would
either have issue greenbacks esab sh purchasing
depos and buy up the entire surplus with silver cert
Gates If the latter policy adopted it would take
FIVE years supply the deficit made by the gold
shrnkage and place much money in circulation we
have under gold standard. Surely the outlook is
not encouraging for Mr.. Bryan flood of silver
But such utterances demonstrate the necessity of
weighing the statements of every person in the balance
Of reason before accepting them absolute facts. Faith
in the nfallbty of all things wonderful consolation
but it has yet worked out financial problem or
established sound economic principle While it may be
said govern spiritual welfare to great extent
few people entirely willing to give up worldly pros
pery for future golden and in every line of life
that provides for necessities compelled face
reason and reality become tramps and mendicants
This method of using should be ap-
piled to the financial arguments of Mr. Bryan and his fol-
lowers There be food of money except through
unlimited greenback issue, and there would be about
as much likelihood Of Congress assisting Bryan admin
istraon of panic dilemma in that way as there is
of designating the Washington Monument as a ma
tiona1 boil picker.
Silver money be used in connection with gold
either in practical international bimetalism in the
way keep in circulation But there is danger
in the contemplation of adopting independent BIZ
metalism proposed by the Chicago platform We I
probably could and would control the worlds surplus
the unlimited purchase of silver for brief PERIOD
how long could endure the strain of such financial
policy and who would restrict the greed of silver pro-
ducers and their loading the country up with
increased and everiucreasng annual output? Don't let
partisan enthusiasm blind prejudice against capital
stc interests allow your to be unseaied
extent to make you cheap money follower. Instead
of flood of money stimulate trade and give better
TO ndic atedb bu Ne