Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-10-31
gaily Esuaebst 5uarnal
BRYAN ANSWERED.
A Few Of the Popocratic Presidential
Candidates Reckless Assertions
Rtfuted.
Gold and Its So.CaIied Demand IL abor The
Real vaiue--How He coniradicts Himself
Absurdity Of Their vasaries.

Absurdity Of Their vagaries.
This conspiracy which we have to meet
is a conspiracy which has for Its ulti-
mate object the striking down of silver
as one of the standard moneys of the
world. Syracuse Speech.
MIR. Bryan assumes that the sconspir-
acy has been in active operation since
1915. Yet. according to the director OF the
United States mint. there is much more
than double the amount of silver money
in use in the world today than there was
in 1873, and practically all of 1t is a fun
legal TENDER Director Preston estimates
the amount of silver money in the world
ST. 01o. 900. Here it IS in tabular form:
Silver money in the world in 1873 S1,Sl7.-
600. 900. Silver money in the world in 1895,
1910. 500 900.
If this is a result OF a conspiracy OF
% years. wouldn't it be well enough to
let the conspiracy go on?
1--WE complain of the gold standard be-
cause an increased demand for gold has
raised the price of gold and lowered the
price of all those things which exchange
for money. buffalo Speech.
How can there be an increased de-
mand for gold when gold. silver and pa
per money, as well as bank exchanges.
have increased much more rapidly than
the population in the past few years? The
Increased ease of producing both gold and
silver has enormously increased the
quantity of them offered to the public
Mulhall Preston and other authorities
show that the gold of the world. coined
and uncoined has increased from less
than 81 800 900. 900 to over $1,000 900 600 in the
past half century. and that the silver
money of the world. which Mulhall es-
Inmates at $l.900.00 600 fifty years ago. IS
now over $1,000. 100000 The proportion of
gold in the world which is made into coin
has doubled in the last fifty years, being
now over two-thirds of the total stoci.
instead of one-third as it was half a CEN
fury ago. So there is apparently six
lines as much gold money and twice as
much silver money in the world today as
there was fifty years ago. Does this look
us though there was IAN increased de-
mand for gold, which has raised the
price of gold?''
our opponents cannot ignore the fact
that gold is now going abroad in spite OF
all legislation intended to prevent it, and
no silver is coined to take its place. -
Madison Square Garden Speech.
Yes. the gold which went abroad in the
fiscal year 1896 amounted to $S05IS.649 in
excess Of the importations of gold; but T.
Mr.. Bryan will examine the imports OF
merchandise for the same year, he will
find that they We're 1924, 7lo, 402 in excess
Of those in the last year of the Mckinley
law. Imports of merchandise have to be
paid for in gold or its equivalent. Had
they been no more in 1896 than they We're
in the last year of the Mckinley law, We
could not only have kept at home all Of
the $50, SIS 649 which went abroad, but all
of the difference between that and the
$l2s ,715.402 of excessive importations due
to the Wilson-Gorman act which Mi
Bryan helped to frame and pass. and
which not only stimulated the importa-
ton of goods demanding gold for pay
;nent. but closed the factories of this
country at the same time
1--WE believe that the free coinage o.
silver will bring gold to this country. and
hat. too, without the aid of syndieates
Speech at Syracuse, n: r
If that is the effect of the free coinage
of silver. why does it not do so in the
countries which now have free coinage?
The South American. states have had
free coinage of silver for many years. yet
the gold does not appear to be drifting to
them They have actually mined go
100000 in gold since the beginning of 1892
stead of the gold going to them under the
free coinage of silver. as Mr.. Bryan says
VIII happen. they have lost their gold UNI
I'll they have today but Sill for each In
diyidual Mexico has had free coinage
Of silver for many years; but instead OF
attracting gold according to the Bryan
theory her gold has rapidly left her. 50
ttlat, although she mines between $1,000 :
gro and $1,000 600 of gold year. her gold
,naDev amounts to just Il cents to each
ifdiyidi'al in her population or one-tWen-
10th of what the United States has per
CAPITA. DOES This. look as though the
free coinage Of silver would bring gold
to this country, and that without the aid
of syndicates? f o+h
or commodities in that they are limited IN
quantity. Corn, wheat. manuiactureu
products. etc, can be produced amos
without limit provided they caa , pr 1u'l
ton, but gold and silver are caiIta
precious metals because they are .ounu.
not produced. = Madison Square Garden
Spe ech.
Does not Mr.. Bryan know that the mn
ing of gold and silver has increased WIN !
enormous rapdity in the past % years !.
mines of the world since 1850 equals az
that produced in the world in over .3o
Years prior to that time. In a single
GEAR now the world produces more gold
han was produced in a quarter OF a CEN
tury prior to the gold discoveries in Cal
ifoinia. The suspension of the pufchase@
If silver bullion in 1893 so stimulated l IN,
miners of Colorado to search for gold
hat they more than doubled the produc-
ION of that metal in single year liie
silver mines OF the world since 1850 nave
produced more than half as much silver
as they mined in the preceding 3o0 years.
The increased demand for gold has
raised the price of gold and lowered
prices Of al those 1n sggse M'ch eNea"s
The one thing which primarily eX-
Ranges for money and measures 1t is Ia
Dor. The report of Mr.. Bryan co-iapon Dc
Nevada, as "A member of the Aldrich com
rnittee of the United States Senate oG SHOWS
that one hour of labor would in 1881 buy
other period of the previous history OF
he country There had never been a
wear in the history of the country, ac-
ccrding to the report of the Aldrich com
1nittee which is accepted by all parties
1s accurate and reliable, in which an hour
of labor would buy as much gold as IN
7S91. the date at which this committee re-
# there has been any loss in the earn
ing power of labor since that day, it I'll. IS
due to the filling up of the country WIN IN
foreign made goods. and throwing out OF
millions of laborers. and NOT
BECAUSE of a gold standard which has
been in operation. according to Mr.. Bry-
ans admission, for % years. 49,
.orce, the enemies of free silver proceed
ed to repeal the Bland act. and left noth.
,ug in its place. But the silver sentimen a
,,aats If free coinage, being afraid OF a
free d e. coinage bill. secure another som com
nromise. which was known as the Sner-
man law columbus Speech
. =. ...a,.t into force the enemies of free