The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-02
WHERE IS THE GOLD?

|
plause)
WHERE IS THE GOLD?
Thus, under bimetallis-n this for
eigner could not exchange his silver
at the mint for gold unless the govern
ment was disposed TO let him do it.
Where would he get tne gold? He
would have to find somebody with the
gold; he could not hurt anybody by
trading silver for gold until he found
somebody who had the gold, and that
would let most of the peopse of the
United States out Of danger.
HE would have to find somebody
with the gold and, more than that, h"
would have TO find somebody with the
gold who was willing to let tie gold go.
| When would the man VINO held the gold
let the gold go? Why, whenever he
thought that silver was better for him
than the gold and not until then
AND ANOTHER WAY.
sWeu, there is another way that he
might do. He might, instead of TAX
ing the silver home, instead of giving 1t
to US. instead of trading it to us for gold.
he might trade ii 10 US for property.
Wherever we have anything to sell, we
| are looking for a man who has some
| thing to trade for what we have TO sell,
and instead of being frightened, if he
will Just let US know when ne is comm
with his silver TO exchange for ouI pro-
ducts, we will meet him at the depot
| with a brass band and escort him
through the town and show him where
he can buy.
Have you ever heard people say that
| it did not make any difference now
much money there was; that you could
not get any of it unless you had some
/ thing to sell. That is vary common
argument Whenever anybody asks
| you how you can get any money, no
matter how much, unless you have
something TO sell, you ask him how you
can get any money at all, no matter
how much you have to sell, until you
find somebody who has money with
which TO buy. OF course, YOU cannot
get any money unless you have some
thing TO sell. If you are syndicate
and have control of thousands of dollars
you may sell credit and get money.
A TWICE-CRACKED JOKE.
"a gentleman asked me last night
how this money could be pat into circu-
lation. That, TO my mind, is one OF
the simplest Of processes. Do you ever
have any trouble in getting your money
into circulation? Now, | know from
your conduct that your trouble has been
just like mine, not as to how 10 get mon
ey into circulation, but how could you
keep it from getting into circulation?
Now, here is the process. We have the
free coinage of gold. If any man pro-
duced gold from the earth fa can take
that gold to the mint and have it con-
verted into gold coin, and then he can
use thai gold to buy anything he wants.
But he does not spend dollar of that
gold coin without putting the money
into circulation. 1t is not worth any
thing 70 him until he puts it intocircu-
lation and the moment he does so, it is
a part of the country's money, to be
used in buying all products of toll.
How about silver? The process ia
just the same as with gold. The man
who owns a silver mine produces The
silver, but instead of going to find some
body who wants to use the silver to
make spoons out of. he takes that sill
Yer to the mint and has it converted
into money. That money is his pay for
the LABOR of producing the silver and
paying all his expenses of mining, and
what there is left over and above that,
is his profit; but he cannot spend a dol
lar of it without putting that into cir
culaticn, where it will be used to pur-
chase the products of your toll and the
toll of all who labor. Now that IS
where the money gets into circulation.
Just a word as to money. Money
is that which the law creates and which
the law makes a use for. How are you
going TO increase the volume of your
money? There is only one way and
that is by legislation.
MONEY MADE SCARCE.
Senator Sherman said in 1890, that
We needed about $40. 000.O 900 to keep pace
with population and industry. If we
needle il then, we need it now, and yet,
my friends, the Republican party is
not offering you means by which you
can bring into existence the money that
the people require TO do business with
You cannot feed an adult upon food
sufficient for child. You cannot feed
a family upon the food sufficient for one
person. Neither can you supply society
with money enough to do business with
unless that money keeps pace with the
population and with industry. Why is
is <hat they have not provided you with
the money? Let me give you my opin-
ion of it j believe that the platform
adopted by the Republican party at ST
Louis, was written by the men who are
interested in making money scarce.
believe that platform is in the interest |
of the capitalist class and the money |
changing class; and if you ask me why |
I think So L will tell you, / not only /
have reasoned ii out but that I can
prove it in another way. You can al I
ways tell a man by the company ne
keeps and when find that all the great
fnanciers and all the brokers and ali
the syndicates and ali the stock ex- (
changes and all the money gra5bers are !
,-t,r tn,n ~ r
think l know why.
A RISING DOLLAR
I'VE are opposed to the gold standard /
because the gold standard means ris- /
ing dollar. A rising dollar means fall /
ing prices; falling prices mean hard 1
times. The party that tries TO make. !
by raising the value Of the dollar, lower /
prices for the general products of hui
man labor. ia the party that legislates !
stagnation upon a people and drives .
men into Bankruptcy by Be il enacted, ;
etc
we believe that the opening Of our /
minis will bring into circulation more 4
standard money. To the gold of the
world. We will add the silver. and when
gold and silver together measure the
price of all the property OF the world.
that price viii be more than il is now,
and, having been restored. il will re-
main more stable than il is now. and r
that is why We are in favor OF bImetal- ,
ism
We want the ratio OF Is 10 for two
reasons. the first place, We believe
that the gap between gold bullion and
SILVER bullion has been caused by hos
tile legislation. and that il can be closed 4
bv friendly legisia ton (Renewesi ap-
plause) We believe that the law can