The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-08-24

foreign nation brings them relief
! CCries: 'Right.O
What is the principle that underlies
/ it all 1t is that the law of supply and
demand applies to money as to every
| thing else Increase the amount OF
money more rapidly than the demand
| for money increases and you lower the
| value of a dollar. Decrease the guam
| tity of money while the demand for II
! increases and you increase the Value
| of a dollar. When you understand that
principle then you understand why the
great crusade in favor of the gold
standard finds its home among the
holders of fixed investments, who. by
such legislation raise the value Of the
property which they hold. When you
understand the effect of the policy ana
then understand that the desire for II
is manifested mostly among those VINO
hold the fixed investments and trade
in money, I think you VIII come TO the
conclusion that I have come TO, that
the fact that the gold standard is a good
thing for them is the principal reason
why they are in favor of gold stand
ard.
Now. my friends. when you make up
your minds that the gold standard is
a bad thing, then the only question
that you have to consider is how can
you get rid of 1T. They can raise op-
jections to the plan which We propose
but when free coinage makes a silver
dollar equal to gold dollar, why then,
1t will be just as hard to get silver
dollar as 1t is to get gold dollar. Do
you know what they overlook? They
overlook the fact that when we bring
silver into competition with gold we
increase the supply Of standard money;
that while the silver dollar will be
worth as much as the gold dollar, 1t
Will be easier TO obtain with the prod
ucts of toll, a silver dollar or gold
dollar than it is tOday2
If tire Is any person here who IS
afraid that under the policy proposed
by the Chicago platform we are going
to have a flood of money and that you
viii be drowned in 1t, We can not ap-
peal TO you for support. But If there
is anybody here whose experience IS
such that he is willing to risk the dis
| astrous consequence of that flood upon
him we ask you to consider whether
we are not entitled to your vote a
voice: Are you a Democrat? I think
that the principles which advocate
are Democratic myself, but you can
call me any name you please. You can
! not swerve me from what believe to
be good for the people.
IF bimeCalliSn is to be restored the
United States must take the lead.
assert that the American people not
only have the right, but the ability to
| legisIate for themselves on every QueS-
ton, no matter what other nations may
think about it The man who says
that binetallism is desirable and yet
that the United States is impotent to
bring these advantages to our people,
has made an admission that shall not
| make.
We appeal to you to remember that
the United States is the only nation
that stands ready to protect its own
people from every danger, foreign and
domestic. Other nations may protect
their people as they should, but our
nation is the only nation that can pro-
tect the American people. want to
suggest that you are interested not so
much in knowing the objections to
our plan as to knowing what plans the
opposition have to relieve the condi-
tons.
why don't they propose something?
Is It because they do not know what
ought to be done? Then they are poor
it because they know and viii not tell?
If so, they have not the candOr that
ought to be possessed by those who
would redeem the people from their
suffering and distress
cent dollar. Well, now, my friends,
/ they refuse to apply to the silver that
is produced in the world, the law of
supply and demand We say increase
the demand for silver by legislation
and then the new demand, acting with
the demand now in existence, will
operate upon the price of silver. We
say that that new demand will be SUI
fcient to consume all the silver coined
+ at the mint, and being sufficient viii
raise the value Of silver bullion to S1.29
throughout the world. We have q rea-
son for our belief. They simply say
it won't do it, and then sit back and
propose absolutely nothing.
IF we need relief from the gold
standard we must secure it for our
selves, and If we must secure this re-
lief for ourselves you can only secure
it through party Which believes IN
the restoration of the free and unlin1-
tied coinage of gold and silver at the
present legal ratio Of Is to 1, without
waiting for the aid or consent of any
other nation. prolonged applause-)