The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1896-09-17

value II that quantity l. b ccnta. and you
present nt the mint % cent? worth ~ bullion,
you SGT back. not a gold dollar, but q silver
dollar worth Just ~ cents. You might, instead
o. taking your bullion 90 the mint, sell 10 in
the market for Just the same amount % non
ey Indeed, bullion owners, unless thoy have
some special reason Tor taking thoir bullion 90
the mint. will take Il o. the market and sel
u there, as thcy very extensively do Ia an
countries IN which there d free silver coinage
Why should they mott Because, n ihcy have
hoir bullion coined, thoy got legal tendon dol
Lars for 70. Why, n they sell Il In the market
they get there legal tender dollars likewise
Il will therefore be a mere question Of special
convenience whether they take 10 90 the mint
Or 10 the market. And IA the market. accord.
ing o. all human reason and experience. ~
price will, temporary fluctuations notwith.
standing. remain ON the whole very near %
the hguro Of the cost az which 10 can in large
quantities 10 produced. Mr, Bryan's strange
imagiuings have therefore proved only that
when he speaks Of government purchases ~
silver and fixing prices and creating "a do.
mand greater than the supply, BE- simply does
not know what free coinage b..
Every sensible person, trust, viii now al
init that free silver coinage In the United
States alone viii make himctallism, tho equal
use uf both gold and silver ns money. uttorly
impossible. here ns well ~ abroad. 10 win
confirm Europe IN gold munumutallls aud
condemn us tp silver monumctallism-th the px-
elusive use u silver NJ money and Of paper
based upon silver No doubt this s what the
silver men are really aiming at
How Free silver WIN Work.
Lot Us now consider how it win affect tho
various interests Of the people Tho first
blessing we arc promised 60 flow from free
coinage d a general rise Of prices. This means
that the silver dollar will buy less than tho
gold dollar did. and this for tho reason that
Il Is no longer worth az much as the gold dol
lar. Evidently the promise u himotallism, ot
silver rising 90 H. old price on tho one hand.
and the promiao u higher prices owing Co a
| lees valuable silver dollar ON the other hand
do not 90 together. The one or the other b. u
I fraud. OF course the fraud Il the promise %
blmetallism. The rise ~ prices owing 10 tho
dohasomont Of the dollar will begin nt ouco
a. soon a. gold departs and we Alp on the 80
/ yer basis Bread viii Do doarcr. milk, coiir,
sugar, tea, meat, vegetables, will be doarur,
clothes shoes and hats will be- dearur: rents
| furniture. coal, korosonc-in short. every or
ticle the price Of which can b. raised BY the
seller.
! High prices Aro a two edged sworl-handy %
the seller but unpleasant 30 the buyer They
| press Of course, hardest upon those who AFRO
| compelled % buy most In proportion to their
! p
The poor people What a rich family spe d.
upon the actual nocossarics OF life. the mdis
pcnsahlo food, clothing and shelter, Is ycB
little compared with a. income. Most of iu
! expenditures 60 for things that are not nocss
saries and may bo classod us Injuries the uur
chasing of which may ho suspended or post
ponod vithou, hardship. hut the poor family
the wagu cArnrrs family, IS Obliged o. sp rG
| q very large part u H. income from day GO ~
Oh. aN.HHNH D. | H
| that cannot De- temporarily dispensed with
| without hardship. frum rise iu The prices
| Of the ncCDs-lrrsuf life the poor people thrro
fore suffer by far the most.
where the Wage Farmer WIN Cps---...-If-nr
How stands the oaso q ~ wac, ,,rr,r,
whose product can $500 I'M prI,a proror
Tomato 70 w. -lellsomcut uf the dollarf A,
tho uSIails tn value the manufacturer "a
merchant marks up bis goods. The work
ingman or tho cl,rk, finding himsln bar.
pressed by the rise IN price OF the nocc,sarie
Of life applies Tor a corresponding incrcaa
Of wages The head o. the factory or 90,
mercantile establishment admits that some In
crease IL called for "But, says Dc. "you arr
not the only person Ia trouble The value OF
+. our money l. tuctuating. We hardly know
what 10 h today. We surely duuot know wha
70 viii be- next week. Profits are oXcDssiyoll
, close anyhow. We make % sale or n pUrthla
today aud think 70 Il at profit Tomorrow
We may find that % was 40 a loss W. hardly
I venture 90 make q contract 90 bo filled ~
, future time, because We can make u0 safe cal
culations. We can increase your wages q 10
de, but not much. For that you will have @
wait until things are more settled. Besides
7 this silver free coinage has thrown an bust
\ ness into dreadful confusion, aud there ar
plenty Of people out Of employment win
. would do your work Tor De-. than you g,
z now. And sn the wage Garner bias Co ho ni
4 isfcd with little increase Of ply and wait 20
. more while the advanced prices Of ncccssarie
. prey upon him
u this mere coniccturoi 10 D. thccxporicnc
e Of every country that has been cursed by
= rise Of prices through money u nuctuatin
= value defy any one % show me IN the Who'll
\ history Of the world a single exception. Hav
I. wo not, during our civil war, Witnessed 10 Wit
our own cycsi In lsi2, when our irrcdcomahl
paper currency had bcgun 20 dcprcciate IN
average wages Of labor rose only per cent
= while average prices rose Is. In 1865. who
u wages had risen lOis per cent, average prio,
were ~ per sent higher, IN 1874 wages 10
nssn ~. per cent anil prices hO's in ~
wages had advanced ~ per cent aud prices n
j. above what wages and prices had been boo sol
IN 1891. In other words, the lahoring man
wages had Loot In purchasing power moro tina
n ~ cents In every dollar Every country u
boring under similar conditions tells the sam
story What reason IN tho world Is there
assume that this universal rule will not opci
ate In the case o. FRYE coinagci
And what have the apostles of free silv,
coinage 90 say to thisi Hear Nir Bryan hin
elf IN his famous New York GRAFTON, "Whi
n gold standard raises the purchasing powt
" the dollar 70 also makes 10 more difficult
Y obtain possession " the dollnr--cmpluymoI
K 4 less permanent, loss " work more prohlb
aud unemployment lees certain" l. that al
Yes, all. Does not Mr.. Bryan know that IA
der what was practically the gold s;sgdsT
We had In the hftics one ~ the most acti'
and prosperous periods this country hns uv,
T. sconi nots he not know that more rccontl!
NJ the time of the return 30 spucic payment
" We had under the gold standard years % MI
IL nal prosperity with an hands at work. An
discs be- wish % learn what hos been O
trouble since aud what ~ the trouble uOv
(. Let him ask the employers " labor, and vii
almost one voice they will tell him that u
the existing gold standard, but the grown
g. danger Of its overthrow, that thv growing o.
. gru-siycncss of the free coinage mOy,myn
flling the minds % men with anxious Apr
]. hunsions as % dark future uncertainties, D.
" served 10 paralyto that spirit OF ontcrnri
which sots The lahoring man 90 work lot ID
study the history % thu crisis ~ ISIS. Nnt q
gold standard. but distrut ~ silver dustru
81 She confidence that employs labor. m
g. the truth, and Mr. Bryan win IN vain Try
deny a.
Debtor aud Creditor.
~ Tho frca coinage mon profess especial soli
q tude for thuso whom thuy call "the debt
4 class" Who arr the duhtor classi our sily
- friends speak as ", a. q rule tho rich pvof
~ wcrc creditors aud the poor were debtors.
~ this corfccti In my household am the debt
90 tho cook and the chamhUrmaid and Q
II washerwuman two or throo weeks In Z
81 month. and they arr my creditors n
arc they likely 10 b. debtors 90 anybody %.
nc while | may be-, Tor thoy have little
M any CREDIT while perhaps have some. a
therefore the only debtor in my hous
The relations between the largr employer
labor aud the employees arr substantially q
o. same Ordinarily the employer, the rich ma
h l. apt % b. the only debtor among then
u. The employees are, as q rule. only creditor
:! and a. they lay mp savings they aro apt o. b
/ cume creditors IN a larger sense They dopl
n u thoir money In savings banks or invest q
building associations, In mutual hCnoht FoCi
ties In loan companies or in life insuranl