The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-10-17

| That Is the money / want In the United
| States.
II want 20 teach the people OF the world
| that a democracy ~ honest. [Applause.l
want TO teach the people OF the world that
| America Is not only capable OF self-govern-
ment. but that II has the self-denial. the
courage. the honor. TO pay its debts TO the
| last farthing. fApplause.l That is what
| i want to do. And yet we have a man run
ming for the presidency who appeals to all
people In debt. and says: Vote for me.
vote for me. and you can pay yolr debt In
| 60-cent dollars That Is what he says 10
them. Not very honest proposition, but
that Is what he says: Vote for me and you
can pay of your debt with half the money
! II requires now
And thereupon the creditor says 20 Mr..
Bryan: You are not going 10 cheat me, are
| you? And Mr.. Bryan says: No, free
| coinage will make silver worth Sl.29 an
| ounce I'm gold: free silver viii make the
| silver dollars equal to the gold dollars and
thereupon the debtor holds his coattails
| and says: In Gods name. how Is that go
ing 10 help me2 [I.aughter.l In all his
| speeches no has been guilty OF this con-
| tradiction-cheap silver for debtors. and
silver as good as gold for creditors lap
| plausel. and you know that man has not
seen the Inconsistency OF these two state
ments yet. lLaughter.l lie VIII make the
same statement probably tomorrow.
when he appeals TO the farmers he
takes the ground that they are all rascals.
and what he has said about the farmers is
an insult TO the farmers. ana the farmers
OF Vermont and Maine have replied lap
plausel and If the farmers OF these states
with their soil can be honest llaughterl. /
think a farmer in Illinois has no excuse for
being a rascal. lApplause.l / regard the
farmers as honest men. and when the sun
shines and the rains fall and the frosts
wait. they win pay their debts.
Talks OF the Popuiists.
81 want TO tell you tonight that all the
stories that have been told about farmers
being populists are not true. Applause. ]
You win find the populists in the towns. IN
the great cities, In the villages All the fail
urcs, no matter for what reason-thcy are
on the populist side. They want TO get
rich by law. lLaughter.l They are tired
OF work.
"Then there is another thing I want TO
ask these gentlemen. because ] am OF an
inquisitive turn OF mind. tLaughter.l II
you can make silver lG 10 by law when In
fact Il Is 81 10 i--that Is, II takes sixteen
ounces according 10 them, OF silver TO be
worth one ounce OF gold. Now, it takes
81 ounces 10 be worth an ounce OF gold
But they propose by law 10 make l6 ounces
OF silver the value OF an ounce OF gold
"1f they do that by law what Is the
use or wasting all that silver? lLaughter.l
If they can by law make IL l6 TO !. why not
put another clause on and make IL TO ] 2
Laughter and applausel And II they by
fiat can add As cents worth OF law 20 81
cents worth OF silver and make dollar,
why not make all fiat [applausel and use
the silver for forks and spoons? I A voice
IN the audience: How much is In the dol
lar now?"1 In a silver dollar2 lThe voice;
"Yes."l -Four hundred and twelve grains
standard. [The voice: THAT Is 10 TO IL
That 10 l6 10 ].
Now, let me tell you-one OF our dol
lars to-day sixteen TO one Is made equal
al 4 equal
gold2 Because the government OF the
United States has promised TO redeem II IN
gold IApplause.l II there was only one
grain OF silver I'm a silver dollar, and our
government promised 70 keep II on an
equality with gold, IL would be just as
good as n there were 4l2. lApplause.l The
silver OF the United States to-day. as coin,
IS worth between 81 end 81 cents on the dol
lar, and the moment the promise OF the
government IS Withdrawn all the dollars OF
the United States coined OF silver VIII only
be worth 81 cents each. The rest Is
promise not fiat, but promise, and az long
as we believe the government ~ able, as
long as we believe the government has the
honesty 90 redeem It's promise. that silver
VIII be good. IApplausel
Promises to Pay Money.
Now there Is another trouble A promise
20 pay money is not money. A promise 70
pay money IS like a nomination for an
Once, ana the ihillilIntit OF AnNl pfolilet ~
like tho election 60 that Office, and on the
9Th day OF November oven Bryan VIII
know the difference between promise and
fulnllment.
LET me tell you little something about
the history OF our money. which people
don't know or else hey forget. In 1892 we
made In this country a double standard
gold and silver. And the ratio was fixed
by Thomas Jefferson and Alexander Ham.
!lten. ana thcy both said that they axea
that ratio on the commercial price OF The
metals. That ratio was fifteen 10 one
And we started with double standard
gold and silver
But the double standard has always
been hard TO maintain. France has
changed the ratio more than 100 times, and.
as Dogberry says, where two men ridoa
horse, one man rides behind fLaughter
and applausc.l So IN 1906 they found there
was too much silver in the silver dollar and
Jefferson stopped the coinage. and no more
was coined until 1887. and then Il was that
our people In congress declared that they
adopted tho gold standard
They lessened IN 1853 the silver I'm The
silver coins, and again they declared that
their object was TO create a gold standard
and In all OF the time from 1852 10 1873 thafe
were coined In the United States only S.00o-
600 silver dollars, and they had all zone ont
OF circulation. There was too much silver
and people got them and melted them o.
islEnt ulllou-thht IS WnNt the friends, The
fathers did for silver They found thatlf
they put too much silver IN q dollar Il
would be exported or would go 20 the melt
ing pot. and so they put IN little less ST.
yer. so that Il would not be taken for other
purposes That IL all.
Now, then, according 20 Mr. Bryan, orr
fathers were the friends OF silver And Yet
our dear old fathers in All their lives only
mintcd 100000 OF these sacred dollars
daughter
Alleged Enemies OF silver.
Now see what tho enemies or silver
have done. Since 1873 the enemies OF siner
have coined 4S0,0O0,O00 or these dollars lap-
plausel. and yet silver has kept going
down. We are coming now over 10000 a
month, and silver keeps going down. That
IS the difference, and we are now floating
these 4S0,o0ooO0 Of dollars on tho promise
OF the government TO keep them on a ptri-
~ with gold. tAppiausc.1
II wish everyone hero would read the
aDccch OF Senator Sherman delivered at
Columbus a little while ago. IN which ne
gives the history OF American coinage. md