The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-09-02

I ptauSe.) How ABOUT SILVER Inc plO-
cess is just the same as with gold.
Now that is where the money gets into
1 circulation / will be back in little
while, Here the speaker passed to
the other side of the rostrum.)
RIGHT YOU ARE.
Now, my friends, just word as to
money. There are some people VINO
have an idea that gold has some divine
attribute that makes it staple while
other things fluctuate, that makes 1t
good while all other things may be bad.
| want to say that a dollar is a crea-
ton of the law There is no such thing
as a dollar except as the law creates
that dollar. If you owe a debt you
! cannot pay it with a lump of gold I'M
less the man who holds your note is
willing TO accept that gold, while you
can pay your debt with hog or a
steer if the man who holds your note is
willing TO accept them. But money
is that with which you can discharge
your debt, whether the man wants to
accept 1T or not Money is that which
/ the law creates and which the law
makes for US. Now, my friends, how
are you going to increase the volume
4 of your money? There is only one
way and that is by legislation GA
voice right you are.O If you need
more corn you so out and raise corn,
if you need more wheat you go out and
produce wheat If you need more pota-
toes, you go out with your labor and
bring them into existence, but suppose
the people need more money. You have
/ to secure it by legislation. You have
got to make provisions for an increase
in your currency.
SENATOR SHERMAN SAID
in 1890 that we needed about $40, 600, 900
added annually; simply TO keep pace
with population and industry If we
! needed it then we need it now, and
yet, my friends, the Republican party
is not Offering you a means by which
you can bring into existence the money
that people need to do business with.
/ (Applause.) I believe that the plat
form adopted by the Republican party
/ at st. Louis was written by the men
who are interested in making money
/ scarce. (Renewed applause.) / believe
that the platform is in the interest
of the capitalist class and the money
changing class; and if you ask me why
I think so, l tell you l have not only
reasoned it out but that L can prove
it in another way. You can always
tell a man by the company he keeps
and when l find that all the great
f1nanciers, and adj the brokers, and all
/ the SyndicateS and all the stock eX-
changes, and all the money grabbers
are running into the Republican party
l think 1 know why they are running
to them and you know why they are go
4 ing there, too. (Applause.) Now, my
/ friends, Of course we always hate to
! lose anybody, but if we have to lose
anybody do not know of a set of men
on earth l would rather lose than those
Z have lost ((xrpcat ai1orhtan- and an
plause) All the people we have lost
have been called by themselves
BIG PEOPLE,
Nenewegl laughter and applause), but
there is one great advantage about los
ing that kind Of people, because every
time one Of these great, big Democrats
breaks into the Republican party he
makes a. hole SO big that about sixteen
little Republicans are made room for
in the Democratic party" Gong and
continued applause.)
Mr.. Bryan then moved to the east
side OF the platform and spoke as fol-
lows:
Now, my fellow citizens, I want to
tell you very briefly, or rather present
to you in a very few words, the foun-
dation for our faith. We are opposed
to the gold standard because the gold
standard means a rising dollar. A ris-
| ing dollar means falling prices. Fall
ing prices means hard times. CHEERS
That is all that falling prices MEANS
and the party that tr1eS TO make, by
raising the value of a dollar, lower
prices for the general products of HUI
man labor, is the party that legislates
Stagnetibn upon a people and drives
men into bankruptcy by BE it enact
4 ed" etc. CONTINUED applause) We
believe that the opening of our minis
VIII bring into circulation more stan
dard money to- the gold of the world
we will add the silver, and with
GOLD AND SILVER TOGETHER
measure the price of all the property
OF the world. The price Will be higher
than it is now, and having been. re
! stored it will remain more stable than
it is now, and that is why we are in
favor OF bimetallfsm. (Grent applause. }
We apply the law of supply and de-
1 mand to money. We know that if you
make a certain thing scarce, the price
will rise; we know that is true of all
kinds of property. We know that it is
true of money. Now, we apply the law
OF supply and demand nG't only to
money as a whole, but we apply lit to
silver as we'll. We say that the price
of silver bullion as measured by gold
has fallen because Legislation has les
SSe1S0 tll6 uSdiidulQ lOI SahNtU ana HI
creased the demand for gold and drrv-
en- them apart. (Renewed cheers.) We
say that the opening of our mintS to
the free and unlimited coinage of gold
| and silver will create a. demand for sill
yer, and that NEW demand taken wiRGl
the demand which now exists, will be
great enough to utilize every ounce of
silver, not needed IN the arts, and
therefore we can maintain the price ot
/ q
out the world" (CCntinued applause. J
Now, my friends tlafs is'a brief state
ment of our principles. We want the
ratio of 16 TO l for two reasons In tIhe
first place, we believe the gap between
gold bullion and silver bullion has beer
caused by hostile legislation, and thai
it can be closed up by friendly legisla.
ton. (Renewed applause.) We believe
the law can undo what the law has
done, and that ut is not necessary t.
make any change in the ratio. There i.
another reason. Have you ever though
what a change of the ratio meant
Have you ever tried to figure out Whai
would be the effect if we changed the
ratio according to the plans suggeste.
by our opponents? Let me suppose {
case. Suppose all the world agreed t
to q ratio of 90 TO l, and suppose the,
made the change by doubling the skzt
of the silver dollar. Do you know wha-
THAT means? 1t would mean the re
coinage OF 1900, 100000 silver dollars inf,
1000, 0000 900 of silver dollars. 1t would
mean, first, the shTdnkage of one-quar
ter of all the metallic money of tn,
world And what would that
mean? 1t would mean an increase
in the purchasing power of every col
lar. 1t would mean tine decrease il
the value of the property of the world
DOLL q md i7aav -