The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1896-10-10
THINGS TO BE REMEMBERED.

lulNUS III DE hEMEX DEkED.
Bimetallism would mean more
money, a stable measure of values aud
prosperity. That is the Democratic
claim. In 1866 according to Secretary
Mccullough there was $4,000, 000,009
in circulation in the United States.
There was o little more than this nc.
cording to the figures in Maurice
Muhleman's book "N1onetary Systems
of the World" But take the Secretary
of the Treasury's figures. The popu-
lation was IS, 0Oo,0 The per CAPT
tai circulation according to that was
about So
In 1890 the money in the country
was about sS03, 100000, although Sec.
rotary Fosters report made for poll.
tical effect, stated that it amounted to
$l,5SS, 100000. Using Secretary Eos.
ter's figures the per capita was only
$24, but an accurate estimate of the
money Is as follows: Loss of paper
money during twenty-eight years,
S50,000, 900; boarded, low estimate,
$25, 900, 900; National Bank reserves,
$3.50, 100000; private bank reserves.
estimated, $3.50, 10000 total, $685..
100000. Deduct that from the figures
given by Secretary Foster and the
balance in actual circulation will be
seen to have been but $803, 100000.
The population in 1890 was 64;O00,.
600, and the per capita $3.50.
The word "dollar" is used to DIES.
ignate the unit of value in this coun-
! try's currency. The single gold stan.
dard has enabled the money lenders of
the world to so control the metal that,
like any other scarce and preferred
article, its value has increased over
fifty per cent. since 1878. The price
of silver measured in gold has depre-
ciated, but measured in the product,
that are used by scientists and fnan-
ciers to measure its values it has main.
tainel its position. Gold has appre.
ciated and will continue to do SO un-
less the corner is broken by the Dem.
ocratjc party on November 8. The
continuation of the gold standard
would work IN irreparable injury to
tAe debtor classes IN this country, the
small merchants, workingme1, labor
ers, and the farmers. Bimetallism
would assure a stable measure of
values, and would give equal justice
to all classes of citizens.
Against the people in this campaign
are arrayed the consolidated forces Of
wealth and corporate power. The
classes which have grown fat by reason
of Federal legislation and the single
gold standard have combined to fasteu
their fetters still more firmly upon the
people anil are organizing every pre-.
cinct of every county of every State
in the Union with this purpose IN
view.-Chairman Jones of the M.
tional Democratic Committee.
The demonetizatio of silver in 1873
produced one Of the worst panics in
the history Of the United States
The operation of the Mckinley law
and the repeal of the Sherman Silver
Purchase act in 1898 caused q panic
whose influence is still 1elt.
The maintenance of the gold standard
means the issue of bonds and the &C.
emulation of an enormous debt. 1t
means pc verify for the producing
classes and those directly dependent
upon them, the vast majority OF peo.
pie in the United States.
The continuation of the gold standard
means the increase in value of every
debt, over fifty per cent. Since 1893
the increase has been over twenty per
cent. The great debtor class demands
justice. not repudist!on
Wreck at Lake CormOranJ.