The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-09-25
HUGH OoAERTY 4
IS CONVERTED.
His knowledge Came In Broken
Doses" But Now He Is Con-
vinced.
THE MONEY POWER OtFIEo'

uHon. Hugh Doherty. the Blunion
hanker who is wellknown throughout
Indiana. il another Western banker
Who has become convinced the election
~ BRYAN and the restoration OF silver
essential to the mainte'
nance Of good government and the re-
turn Of prosperity. ..
c,rs;on and the reasons for the faith thas
is now within him are stated frankly IN
the following extract from . PersonA
and business letter TO a friend IN MUM
Gle: =.
Mr.. Dohertys Ressons.
There is no doubt in my mind ~ 10
nv duty In this campaign, and, that -
m support Bryan and Sewall with AL
INV power and energy. Ny business =
one that Is as sensitive as any uniess ~. -
might be large manufacturing conceTns,s
Il Rut have no fear of Bryan and sew,
ali's election interfering with my busf.
ness. but ON the contrary I feel thas
after the first three months business
viii improve and prices will advance AL
along the hne.. l probably take. dif-
{ ferent view than some people ON tnis
money question. The production OF
e silverin this country being abont DIV
of all the production IN the world se.'les
q the question in my mind as TO our ausy
! in protecting silver, and to stay py ~ q:
!, the basic money. All this talk about
= sound money. and illustrating 1t By say.
inc that a gold dollar melted down Is
l. worth a dollar, but silver dollar
melted down is only worth 80 eensse
lonly shows that what we want toNdu y
Tn Give ,ilyer free coinage 10 thafitswau
4 nav off the debts Of the farmers % Ipo
= cents on the dollar, double the value Of
. averv product. that he raises, and when
the silver dollar is melted down VIII DC
y worth 100 cents at any bank wherever
: Won present il. because 1t can Do sein
20 back and recoined into a dollar. The
ne paper currency that you mention was
oe oniv worth about 40 cents on the
NJ dollar durinQ the time that the
~ greatest portion of our bonds "er
IN ;ssued and the bondholders WIT
y, lbourht our bonds at that time
-. brought their gold from Liverpool ant
.s' Tnndon and exchanged in our bonds .
'o about 40 cents. There has never been
emls m time that those bonds were payable II
~ cold. bat were always payable in coin
~ There has never.b .been-a time when IN
e'r, greenback was payable In gold, It IA
I. elways been payable In coin. That
We NOT oniv true a. TO the on the stat
M utel which is sufficient notice TO gil th
ns; in nvsstors both in S.rope and In AmeI
a ;ca but in addition to that Stanie
w Matthews Of Ohio In 1878 offered q re.
oIut;on in the United States senas
: - which passed both houses. declarin
s .ds that it was the option Of this country
-. nav our government bonds and greer
!. a. hacks In silver dollars Of 4l2h graii
who weight. which answers all the arg
"a ment about .repudiation." But: u
"a policv OF the country by Secretary Fc
|. - ter under Harrison and by Secresel
a. Carlisle under Cleveland. which WAL
WI continucd aJs.s'
AZ. II mckinley IL Eiscted. q
rate Has been to defy the statutes and to owe
,cse ride the policy as declared b. congress
and nav these bonds and the greenback Gu
blsr rencv in gold which has .hsd'the
pa suit Of appreciating until It is now wor
200 cents in silver. wheat corn, hoss
ns- and everything that is produced py
ring farmers Of this country. THESE
tion things that well knew all along tne
ancc wears. But the knowledge came TO J
\ Of in broken doses, and never thought
tho apply it to the troubles that we W.
y In undergoing andi the distress that =
ism, farmers are now In until 1T came to
L. OF through the discussion In nthiscampaie
oney III have never seen q time in all my
3 Of that feel so earnest and ambitious
e. am now to do something to promote
interest OF free coinage and Bryan .
sewall's election. am fully aware
the trouble we will have in carry
BRYAN through because OF the gr'
money leaders Of this country furm
make ing money to the Republican party
han carry through this campaign. And
haa the other side, j fully appreciate
poverty Of the Democratic orRsnizati
Still I think the next two months '
educate the people in the states
utal- Ohio. Indiana, Michigan, Illinois
when west ,unti1 Bryan may have safe
,nee. iority even in defiance OF the mon
ly?" power. .n--Indianapoli Sentinel
M.. N, I,