The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1896-10-12

driven out of CIRCULATION. I am there
fore for continuing the policy that viii
preserve our present system. Cheap
money always expels gold from clrcula-
lation. Under the purchase act silver
would not circulate, but directly found
it's way back through the custom, house
to the U. S. Treasury vaults. It was
then found necessary to issue silver GER
tificates, each dollar bearing promise
redeemable in silver, and that silver
dollar is in the treasury to redeem it
with. II we depart from the gold stand
ard the banks will not receive these GER
tificates. remember in the early days
when came t. San Francisco. I had
to pay premium for gold when trying
to convert my salary into cash.
Mr.. Williams exposed to view Mexi-
can and an American silver dollar, re-
stating with great force, the familiar ar
gument as to their relative worth. He
concluded it by asking tie question:
What makes the difference in value? 1t
is the function they possess of exchange
ability. Everyone knows that silver
dollar is as good as a gold dollar.
The United States is, wealthy nation.
The per capita of circulation is $24, which
is greater than any other country with
the possible exception of France. One
reason for the boarding at present is the
apprehensiveness that the country will
go on to silver basis. Then we have
hardly recovered from the speculative
spirit of three or four years prior to the
panic. 0verproduction and other causes
have contributed to the present hard
times. But there is a light in the East,
and there will be good times again from
the Sd of November next. Since the
Vermont and Maine elections the result
is already showing in the revival of busi-
ness. What we want is not more money,
but more confidence. Confidence is the
life blood of business. Under the re-
sumption of specie payments $3.50, ,O00,-
600 of paper money came up to their full
face value, when before it was worth
but 40 cents on the dollar. Bryan pro-
poses to revolutionize our present finau-
cial system, which we have been 100
years in establishing, when the present
financial system is the best ever upon
earth.
The Republicans want a steady, con-
servative, practical administration.
They do not want the city administra-
tion now carried on in Portland carried
into the general government. daughter
and applause). Let US do nothing that
will reflect dishonor upon our govern
ment. Thousands of Democrats turned
their backs upon their party in 1861,
and fought for the Union through four
long years of bloody strife. They are
again coming to elect their old champion
and comrade-iu-arms, Major McKin-
ley, who presented his breast to the
leaden hail, when this young blather-
skite was In his swaddling clothes.
1 am now past "A years of age. 1 re-
solved ten years ago to go out of
politics, but when this question came
up 1 resolved to do what 1 could in my
humble way to put down this crazy,
wild, and visionary scheme.
1 am no alarmist, but have fears,
and they are stronger than my hopes.
If Bryan is elected the cry will be raised
that the nation has departed from an
honest policy, and tumult, riot and
bloodshed will follow. Those who have
sown the wind will reap the whirlwind.
Those people who are trying to arouse
the poor against the rich, appealing to
dishonest instincts, will bring about
general disorder. Elect Mckinley and
you can pay your creditor his due, in
stead of giving him 90 cents and cheat.
ing hun out of the balance. If you want
a restoration of confidence and revival
of business you can have it by eIecting a
man of dignity, of ability, of expert
ence-G a0hole man, and not boy. If
you want good money vote for that
great statesman and patriot, Major
William Mckinley.
The concluding sentence was ended
amid deafening cheers. The address
throughout was punctuated with ap-
plause, which we have not sufficiently
indicated. The effect of the speech was
tremendous. One individual was no.
ticed wearing Bryan button who re-
moved it from his coat lapel, and was
so Influenced by the storm of eloquence
that he placed it under his heel. All
day Sunday and today the speech has
been discussed upon the streets, and the
most obstinate Bryan advocate readily