The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-09-18

and at 10 o'clock left Charlotte for
Durham.
At Charlotte. Mr. Bryan spoke as
follows:
Ladies and Gentlemen: The republican
party has been legislating to make a dollar
dearer, and then they deny that legislation
has anything to do with the dollar 1 want
tions in the volume of our money. Now
want to assert it first as proposition, that
cannot be disposed of, that the money of the
country must keep pace with the population
of the country and with the industries of the
country. (Cheers.) And that unless the
money does, we shall find that a dollar rises
In value all the time Now when dollar
rises In value, it simply means that prices
will fall and falling prices are an injury to
the men who produce the wealth Of this coun-
try. Failing prices are good for the man who
has and wishes to use that money to buy the
things falling in price. Senator Sherman
who stands at the head and front as the rec
ognlzed leader of the republican party, and
all that portion of the democratic party which
is trying to elect republican for president.
used these words in speech which he made
in behalf Of the Sherman bill on the 5th day
of June 1890:
If our present currency" said Senator
Sherman, is estimated at one billion, four
hundred million dollars, and our population
is increasing at the rate of three per cent
per annum, it would require $42, 600 900 in
creased circulation each year to keep pace
with the increase of population, and as the
increase of population Is continuing at a still
greater rate than the increase Of wealth In
business, 1t was thought that an immediate
increase Of circulation might be obtained by
a larger purchase of silver bullion to an
amount sufficient to make good and retire
all bank bills and keep pace with the growth
OF population Assuming the hfty-four mil
lions dollars a year additional circulation is
needed upon this basis that amount ig pro-
vided for in the bill by the issue Of treas
ury notes in exchange for bullion at the mar
ket price,
must increase with population, and even
more than that. says that wealth and busi-
ness would increase more rapidly than popu-
lation and therefore he defends the Sherman
bill on the grounds that it gives to the people
about S., 100000 each year In new money.
Remember that the very man who gave that
did so as a reason for the enactment Of the
Sherman law, and then turned around and
joined with the opponents of free 'conage
in repeating the Sherman law and leaving
nothing to take its place. Instead of having
$4,000, 600 Of new money each year, we have
been decreasing in our circulation for the
last two years. / have here a government
publication, issued on the 1st of July, 1896,
which gives table showing the decrease of
the money in circulation among the people.
According to that we had in circulation In
this country the 30th day of June 1894
81 66o, OoO, 600; on the 3oth day Of June year
afterwards. in 1896. it had fallen to 81, ,601-
100000, fall of $59, 600 600 in the circulation
in one year, whereas Senator Sherman said
it ought to increase $54. 900. 900 in that time,
that the amount ought to have had you
will hnd deficit of over $100 900 in cir
culation In one year.
At Concord Mr.. Bryan spoke for
three minutes from small platform
near the depot He Immediately drift
ed into a free silver argument When
the train reached Salisbury at Ills,
the larger portion Of the population ap-
peared to be at the depot Mr. Bryan
was introduced by T. F. Klutz. one of
those who seconded his nomination at
Chicago. At Lexington Mr.. Bryan
spoke for three minutes to large
crowd but advanced no new idea At
Greensboro five bands, a hundred
horsemen and great crowd greeted
Mr.. Bryan. The party dined there
and as soon as the meal was over Mr..
Bryan spoke from an elaborately
decorated stand. After leaving Green's
boro there were short stops at Bur-
lington and Hillsboro, where Mr.
Bryan spoke very briefly to the people
gathered about the depots. At Dur
ham, the next stop, Mr.. Bryan spoke
from a platform at the depot.