The Indianapolis journal., 1896-10-21


from his and was led to a stand pitched
in the center of the field. Here from eight
thousand to ten thousand people crowded
as close to him as they could get and still
not half OF them could hear the speech.
He was introduced by Col. A. NJ Hardy.
very briefly. and spoke with the greatest
earnestness for half an hour. In the course
of his address he said:
Ny Friends-I see am surrounded here
to-day, and / do not how it viii be
possiple Tor me TO make any considerable
number or you hear me. Our Democratic
friends f have fight against gold and they
ten US they are never going to let up on
II. Ihey evidently intend to drive it out
Of circulation. The. grudge against gold is
this: They say il has been going up and
up all the time, and that that
everything in the country: that really
wheat is not lower, corn lower oats
lower but gold Is higher. We used to talk
aifterently about that, we would say wheat
and his friends have taught us new way
of looking at 1t. They say wheat is not
any lower than it was, but that gold has
gone up 1t happens that just now the
markets of the country are doing for our
Democratic friends just what they have
done for them a good many times before.
When we used to argue the tariff ques-
ton with the Democrats we quoted the
markets them. They said the protective
tariff raised the prices of everything and
we showed by the markets that the tariff
had greatly cheapened things In this coun-
talking for cheapness. They wanted a
cheap coat, and how pleadingly and ten
deriy they used to talk to the farmersuIik
derry they did use to talk to the farmers
and Workingmen about the cheap coats he
ought to have and about the high prices
he was paying for his living by reason of
the Republican tariff. But the markets
We're against them then; we showed them
that as the mills were developed all things
were brought down. The markets are play
ing just that trick with them again to-day.
While Mr.. Bryan is passing about the
gone up and that is what makes wheat so
low. we have this extraordinary condition
of things: Since Mr.. Bryan was nominated
Tor the presidency wheat has gone up about
II cents per bushel is still going up, and
there is a very strong probability that it
will go much higher, while silver has been
going down from about SO or 50 cents until
the silver dollar is worth a little less than
so cents to-day. Could there be any more
complete refutation of what he says than
what the markets show.
Wheat is going up because there is de-
m ilfanu Ii hor Mneaa Ihose great wheat neids
the United States for the markets of Eu-
rope are. now suffering by reason of
drought there has been q total failure of
Indias wheat crop, so that it seems to be
probable that, instead of India sending
wheat to England to be sold. she will have
to keep her people from starving.
PRODUCTION AND DEMAND.
''That is what we have been saying to
you all the time-that it was a question of
production and of demand, and that there
was absolutely nothing in the story that
the low price of wheat was to be accounted
for on the theory that gold had gone up.
The production of gold has been enormous
Iy increased every year. 1t has nearly
doubled what it was a few years ago. 1t
promises to go on yet further. Gold is not
getting scarcer, but is getting plentier. We
have no war to make against silver. The
Republican programme provided for a large
use of silver We have now over $40O, 900, 900
of silver in use in the currency of the
United States. Up to the time when they
say the crime of 49, was committed we
had coined but 5000 900 silver dollars. Since
then we have added to the coinage until we
have over $400, 900 of silver money. we
have gold, too. We are Keeping them ooIn
in use, but we keep them in use ana we
keep them at a parity because the govern
ment of the United States, instead OF open
ing its mints to every silver mine owner
SO that he could bring it there and have 1T
coined freely and every 80 cents when
handed back stamped at dollar, the gov gov
account at the market Vaiue ana Is coming
a limited number of silver dollars and put
ise of this great Nation of ours that We
will maintain that silver dollar and every
paper dollar that sbnd is Gu1 Wi'h III we yee aWe put
the pledge Of our integrity ,a and great f re. :,
sources behind the silver dollar to make 1t
and keep 1t as good as gold
What is Mr.. Bryan's programmed? He
says: Didn't we whip the British at York
town? Didn't We adopt the Declaration or
Independence? Didn't we achieve our po-
litical independence, and are we now unable
TO establish a financial policy of own?
We have had our own financial policy. We
can put this government on a silver basis
and drive every gold dollar in it out of
circulation if only pass a free coinage
law. He says: We can have bimetalllsm
with free coinage / say We cannot. This
Inent but it cannot fix the value of any
thing. If you want to know what thing
is worth you must go to the market to md
may declare that a bushel of oats is of the
same value as a bushel Of wheat, but that
does not make it so. No more can the |
government fix the price Of silver in the
ratio of sixteen ounces of silver 10 one ounce |
of gold and make it sound. If it is so, you |
do not need a statute declaratory of the |
fact If it is not SO, it is absolutely i'm
possible to make it so by legislation. For |
MIR. Bryan to allude great achieve |
ments in war and liken them to a propo- |
sition that this government shall declare |
of gold, when they are not, is sheer nom |
sense.
APPEAL TO COMMON SENSE.
'If these two things are of equal value, |
they will circulate as such. If they are |
not, they will not. and the one that is more !
will go out of use altogether. We |
do not need to go back to the Gresham |
law to prove this. L just appeal to your
common sense when l say that gold will |
go out of use as money if one sold dolla. |
is worth two silver dollars. Is there any |
man here foolish as to spend a gold |
dollar If he could get two silver dollars for |
it? He will buy what he wants with one |
and keep the other, SO the dearer money |
goes out I wonder that anybody should |
dispute that in view of the fact that al |
most every one who hears me RENE mbers |
that it during the war when green |
backs deprecated because we could not |
redeem them in gold. The gold dollar Went |
into the vault or out of the country.
The Republican party stands for the use |
of both metals in such measure. with such |
upon silver that they will both |
circulate together, with the power of the |
behind them. Mr.. Bryan and |
his followers stand for free coinage that |
drives gold out of circulation and brings |
in silver monometallism. That is the whole
story.
''Who will be benefited by a cheap dol
lar? | see how the mine owners are to be |
day to day 10 be helped? The merchant |
will mark UP his goods, but the laboring |
man cannot mark UP his wages. He must |
talk with the boss and have an argument |
a bout it, and it is slow work to get any
raise at ali. j tell you who has |
studied the question that the history of |
all those attempts to use cheap money is
that the price of everything the working |
men buy goes up quickly, while his wages |
move up slowly behind. 1t is n false cry
that the poor man wants poor dollar. |
0f ali men he wants a good one-one as |
good at the end of the year as now one |
that he can put away and keep
MY friends. / have talked to you for |
thirty years in Indiana, and l appeal TO |