, 1896-09-23
BRYAN ~ANTIDOTES.
SPECIFIC FOR THOSE APE LICTED
WITH SILVER LUNACY.
II Silver Was Stricken from Our Coin
.Ge In 1873. Why Il fhere More Sill
yer Dollars Now Than There We're In
Circulation Then?

l. That omission of the silver dol
lar from free and unlimited coinage
in 1873 destroyed half our money"
The per capita circulation in 1873
was $500. In 1873 we had neither
gold nor silver in circulation. The
total of our money, including treas
ury coin, was S751 .SS1 500. July /,
1896, our money in circulation consist
ed of gold coin. I5G.12S,4 S3; standard
silver dollars. $52.175.99S. with S37S,-
tl4,043 in the treasury; subsidiary sill.
yer, $50, 999. S04: gold certificates. $42,-
320.759; silver certificates, S331.259,-
500: "Shermans." $95,217,361 green
Backs s225,45 .35S; currencv ccrtifi-
Gates, s31 $40. 600: national b. lotes,
$215,331,927. This makes a 'apita
in circulation of s21.10. (See official
treasury report.)
=. That the act of 1873 destroyed
silver as money"
Under II limited coinage of silver
we coined from 1878 to 1896. eighteen
years, a total of si71 1927. 729. During
the entire eighty-five years previous
ly. with free coinage up to 1878. the
total silver offered and coined was
5000, $3.50, 921. Mint reports.)
3. That the act of 1873 was a gold
conspiracy against silver"
1t was earnestly supported and
voted for by the senators and repre-
scltat.ves of the silver states. The
hill I-n rnfnrIpl IN tIn finance rnrD-
mittce of the senate April 2S, 1870:
submitted to the house June 25, 1870:
passed through various stages, all
public and of record, until Feb. u.
1873, when it became a law. (See
Laughlin's "Bimctallism." p. SO. or
Congressional Record for the years
indicated.)
A.. That legislation can keep up the
price of silver.
During the operation of the Bland
Allison act ISIS. when the govern
ment was buying $1,000, geo monthly.
and during the operation of the Shcr-
man act QS90, when the government:
was buying $1,000, 900 ounces annually.
silver declined per ounce from S1.l6 to
10 cents. (Alint reports.)
5. That because silver cannot be
kept at par with gold. in a poor"
country like Mexico. it must not be
presumed the United States cannot
keep the metals at par.
This is suppression of the fact that
all the countries now on the gold
standard tried TO keep the metals at
par and failed. one group consisting
of the combination Of France. Italy,
Belgium and Switzerland. Can the
United States hope to succeed alone
where all the greatest countries in the
world, sinGly or in combination.
failed?
6. That gold and silver with free
coinage at 16 to l is the money Of the
constitution"
Read the constitution.
7. That free coinage of silver at l6 to
l of gold is the money of jefferson.
Hamilton and Jackson.
Read their writings. Each knew
that unless the coinage ratio approxi-
mated closely to the market ratio the
undervalued metal would not '.ircu-
late and advised accordingly.
s. Bryan garbles Blaine and quotes
Carlisle before the great era Of silver
production set in.
Read both ~ungarblcd.
9. That dropping the silver dollar
from the coinage of 1873 cut down
prices and wages.
So long as wages do not fall, decline
in prices is an Indication of prosper
ity. from 1879 to 1895 the savings
bank deposits increased from $500.
490.G9S to $1.G41 ,S61 500. This stands
for surplus after wages have support
wealth. That seeks other banks. \.