Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1896-08-23
aiming that gold las risen in pricl

UDUUutILb
the gold standard is a good thing, be-
cause no party in the history OF this
country has ever declared in favor Of
gold standard, and they do not dare 70
say that the gold standard is bad thing
and then tell seventy million of liberty
loving people that they have got to suffer
until some foreign nation brings them
relief. (Cries of chats right.'D What
is the principle that underlies 1t all? 1t
is that the law Of supply and demand
applies to money as TO everything else.
Increase the amount of money more rap
idly than the demand for money in
creases and you lower the value of
dollar. Decrease the quantity of money
while the demand for it increases and
you increase the value of dollar When
YOU understand tlat 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 (Ap-
plause)
Il am not giving you my authority
for it, ny friends. | have called atten-
ton and | shall continue to call at
ientiOn TO a remark made by Mr.. 8 dirc
in Congress or this subject. He said
that the destruction OF silver as money
and the establishing of gold as the sc,e
unit Of value, must have 4 ru.nOus ef-
feet upon all forms of property except
those investments which bring a fixed
return Of money. (Applause).
When you understand the effect Of
the policy and then understand that the
desire for /; is manifested mostly among
those who
HOLD The FIXED INVESTMENTS
and trade IN money, l think you will
come to the conclusion that have come
10, that the fact that the gold standard
is a good thing for then is the prin-
cipal reason why hey are in favor of
gold standard. (Applause). 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
cOnsier IS how you can get rid Of it.
They can raise objections to the plan
which we propose, but if coinage makes
a silver dollar equal to gold dollar,
why then it will be just as hard to get
asilver dollar as it is TO get a gold dol
lar. Do you know what they over
look? 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, it will be easier to obtain
with the products of toll, a silver dol
lar or a gold dollar, than it is to-day.
(Applause).
"If there is any person who is afraid
tha tunder the policy proposed by the
Chicago platform we are going to have
{ food of money and that you will be
drowned in it, we cannot appeal to You
for support. BV-Tif here is anybody
here whose experience S such that he
is willing TO risk the disasterous conse-
qIences of that food upon him we ask
you to consider whether we are not en-
titled TO your vote.
"a voice: Are you Democrat?')
think that the principles which l
advocate are Democratic.
a voice: Are you Democrat?O
am myself but you can call me any
name you please. You cannot swerve
me from what I believe to be good for
the people. Tremendous applause).
If bimetallism is to be restored the
United States must take the lead. (Ap-
plause). | assert that the American
people have the right and the ability 10
legislate for themselves on every ques-
tion no matter what other nations may
think about it. Nong applause). The
man who SAYS that bimetallism is de-
sirable and yet that the United States S
impotent TO bring these advantages o
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 pro-
tect its own people from every danger,
foreign and domestic. (Applause).
ther nations may protect their people
as they should, but our nation Is the
only nation that can protect the Amer
lean people.
Il want 10 suggest that you are inter-
conditionested not sa much in knowing
ths objections to our plan as in know
ING what plansh the opposition have 10
relieve the condition Why don't they
propose tsomething?. 1t is because they
do not know what ought to be done
So they are poor peopls to lead you out
of bondage. laughter. II is because
tbev know and will not tell? If so
they have not the candor that ought to
be possessed by those who would re-
lieve the people from their suffering
and distress. (Applause) They say
sbot our dollar will be a 50 cent dollar
Well now my griends, they refuse to
applv to the silver that is produced IN
the world the law of supply and de-
mand. -
Eve saw increase the demand for Sill
yer bv legislation and that new demand
act;ng with the demand now in exist
enca will operate upon the price Of sill
YER. We say that that new demand will
he sufficient 10 consume all the silver
coined at the mint and being sufficient
will raise the value Of silver bullion to
81 % throughout the world. (Applause)
We have a reason for our belief. They
simply say it won't do it, and then sit
hack and propose absolutely nothing.
IF we need relief from the gold stand
ard we must secure it for ourselves, and
If we must secure this relief for our
selves. you can only secure it through
2 party which believes in the restoration
OF the free and unlimited coinage Of
gold and silver at the present legal ratio
of 16 to 1, without waiting for the aid or
consent of any other nation. PRO
longed applause)