The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-07

ind strong here yesterday, A very large
md enthusiastic crowd OF sound mo.
ncy advocates OF all parties gathered.
The principal speech was made by
Hon. T. IL. Anderson, OF Ohio. cx-
United States minister to Bolivia. Ito
discussed eloquently and c%onvlncIngly
the money question and his points were
frequently applauded. Ills exposition
OF the fnllaCy OF Candidate Bryan's
statements regarding the effects OF free
silver was complete and powerful.
Ono OF the most striking features OF
Mr., Anderson's speech was his descrlp-
ton OF the conditions In the free silver
countries OF South America. ~licGavehIs
personal observation OF how free sill
yer works there and painted a graph
lc picture OF the condition OF the peo-
pie. on this point Mr.. Anderson
spoke, In part, as follows:
My fellow citizens, to me free coin
age Ia not a theory, but a stern and
serious fact. ! have had the opportunity
OF studying the question and noting lta
evils In the course OF my " personal
experience. From 1889 to 1898 | had the
honor Of representing this country as
minister to Bolivia, n OF the silver
standard countries OF South America,
During one year OF that time, with the
consent OF Mr.. Blaine, then secretary
OF state, | had my official residence In
Arequlpa. the southern metropolis OF
Peru, also n silver standard country.
My Official duties brought me In close
n-Nr ..,IKl. a.. -NI,IN..,a IT.
tatives and the existing conditions OF
practically all OF the South American
republics on both COASTS. And | want to
say 10 you that by common consent, the
n OvGr-ShadOwinS curse that rests
upon the people OF South America Is n
lebnsed currency. II has destroyed
their credit abroad and created and
perpctuateS universal diStruSt at home.
The condition Of the working classes.
OF the farmers, and OF the common peo-
pie Is 81 far removed from the stand
ard OF living common to the people Of
our own country that there h no conf
| parlS9n. Instead Of seeing n country
dotted with bright and happy homes
and the farmers afield pursuing their
avocatlonS In the prospect and hope
OF adequate reward for their toll, their
condition Is but little better than 1t was
three hundred and fifty years ago un-
der the dominion of the Inca empire.
AT best they secure, what would be TO
you. an intolCrablc existence.
The farmers wend their weary way
| from morn till eve with unshod feet.
they eat their scaqty meals under the
thatClad roofs Of their humble md
rudely constructed homes. and rest ut
night in iloorlcss rooms and upon PAL
lets of straw. When the laborins
classes come to market that which they
produce. whether from field or fac
tory or shop, they are confronted with
all the evils OF n deprecated currency.
That which IS worth a dollar to-day,
VIII. in the course Of the fluctuations
In silver, be worth possibly twenty per
rent less to- morrow. Bolivian money
| il~uctuates from ten to twenty per cent
within n single month. 4 man who has
$4,000 worth Uf goods upon his shelf
to-day may waken up tomorrow
morning to find that in the fluctuations
Of silver ten TO twenty per cent OF their
value has been swept away.
The result is that the wholesale mer-
chant. the importer, protects himself
| against these ilu~ctuatInc values by SELL
ing 10 the country merchant at such
price as will save him from loss and
give him n margin Of profit. The mid
dleman. or country merchant, In turn
| protects himself In the same way by
selling his goods to the last purchaser
at what Is 10 him u ruinOus cost; and
In turn he buys from him what he has
TO sell at the lowest possible figure. in
order that he may have such profit as
viii justify him TO continue In business
under this iluCtuatlng standard OF val
ues. And thus the common people are
whip-snwed. cut both ways. as they
buy and sell. Therefore II Is TINT the
condition OF the people is as ! have de-
scribed.
Why. my friends. you read lief iuctun-
lions OF silver In the very bread you eat.
While you always pay dos centavos, or
ten cents for q loaf OF bread, the size
Of II Is measured by the price OF silver
bullion In London. II silver goes up In
the London market, the size OF the loaf
goes up, and II silver goes down 81 docs
the size Of the loaf: and thus, strange as
It may seem, the size OF Il Bolivian loaf
OF bread, furnished you evcryy morning
by the panndero or baker, Is an accurate
financial barometer, advising you OF the
ruling price OF silver upon the LOndOn
market from day to day.
Moreover, the maintenance OF our gold
reserve Is an easy problem as compared
l NlAll NtlttI VI hNNlttih tA'FAA " tANAa
Is their only metallic currency. In cir
culutIon. And why? Because their pa
per money. which IL redecInnblc In Sill
yer, and which, like nll other paper
money. Is without intrinsic value, be-
Ing the cheaper money, drives the silver
nut OF circulation: Just as We claim thnt
silver will drive gold out OF circulation
II we come to n basis OF silver mono
mctalllsm. Consequently, silver Is
boarded to such an extent that II Is i'm
possible for them 10 keep In circulation
sufficient silver to carry on the ordinary
business of the country. Therefore It Is
that when they want TO make n change
as for Instance. II \ wants TO pay Il 81,
| or 81, or $40. they effect the transaction
by tearing the bill In two. each taking
bali. SO that you are not very long In
| the country until you find yourself re-
CcivinE and paying out these pieces Of
paper money In your daily transactions.
You have plenty OF money, that Is true,
and that Is what Mr.. Bryan and his
| friends tells ls we want here; but the
important question Is. whnt Is it Worth
when you get ~
II takes from 40 to 200 dollars of their
| money. depending upon the price of ell
yer, TO buy a hundred dollar draft N
| London or New York. And not only 10,
| but the value OF the dollar In your pock-
ct rises and falls from the same cause
and with the same regularity az the loaf
Of bread TO which I referred. II this Is
what Is meant by n silver STANDARD. II
| this IL what Is meant by unlimited coin
ago OF silver dollars for that Is what
they have down t%hcrc-arc you ready TO
vot" FOR II. nrc you ready to Join Mr..
Bryan In fastening this dcplOrnble sys-
ten Of finance upon this republic?
| (Crice Of NO" and nprnause.)
/ have here the money Of nearly every
republic OF South America, and not IL
dollar Of 1t. whether paper or silver, Will
circulate at purity with gold, either ut