Omaha daily bee., 1896-05-17
THE DOWNWARD TREND OF PRICES.
MIR. ROscwntcr Quotes History ia
Prove His Position.

MIR. ROscv ntcr Quotes History to
Prove His Position.
Mr.. Bryan wants to know how we are going
to restore prosperity to Nebraska and how
we are going to help the people whose prop
erty has been lost by reason of their being
% excessively indebted?
will simply answer him in this way:
Just as soon as he and those others who
agitate the free and unlimited coinage of sill
yer will stop their agitation; Just as soon as
the people who have money boarded up and
are holding 1t for fear that it will not be
honestly returned to them are satisfied that
they are going to get their money back, just
such money as they have loaned, that so sGJn
prosperity will begin to come and will con-
tinue, and will be greater and greater as the
years go by.
He talks about the RothschilGs ami their
efforts to make money dearer. What does
he know about making money dear?
The Rothschilds are loaners of money, AID
dear money with them means making a
larger interest on their investments. Now,
then, by establishing the gold STANDARD among
leading commercial nations. did they help
themselves and make money dearer? Money
today is paying but ! per cent in the city OF
London, and in the city Of Paris 1t has got
to one half Of / per cent.
Why is 1t that money Is getting so low,
so cheap? Have the Rothschilds conspired to
make 1t so, or have they been foiled in all
their conspiracies? Why is 1t that money Is
cheaper in the United States today than It
ever has been, and yet commodities and all
classes Of property are also cheap? uLaugh-
teri. Why ie 1t that property and all COM
modities are cheap? Uaughter). ! VIII ask
that question because you do not seem to I'M
d|erstand what / am driving at. Property
and commodities are cheaper because conf
| dence has been destroyed. because there Is
no credit any longer, and men who can give
the proper security are scarce ana rev, put
the money at the same time and loanable
funds in the United States are cheaper thah
they have ever been.
INTEREST RATES IN 1873.
In 1873 | borrowed s. 5000 in this city at
~ per cent interest, and l paid $40, 900 in
terest in elk years on! the $4,000 OF money.
| want to ask you whether money was
cheaper then? That was the time, the good
old time, when wheat was high and when
all commodities were at least from 20 to 30
per cent higher than today, but yet money
was dear. wasn't II? How did 1t come that
money was dear in those days? Because
there was a general demand back OF IT. also
because there was ability to pay.
Now, then, the people of the United States
have cheaper money today than they have
ever had before. The only thing that has
impeded the steady decline Of the interest
rate has been agitation OF limitless free
coinage Of silver. II 1t had not been for
this the government OF the United States
could nave borrowed at 2h per cent all the
money that 1t wanted and II could have
borrowed It, of course, either in our own
country or abroad. The idea that money
is very scarce here is preposterous. Six
hundred millions Of dollars in gold were
offered to the treasury Of the United States
a few months ago, when they were wanting
to borrow 500. 900, 900. That this 5000, 900,
600, or the bulk OF 1t, is in the United
States just as much as it ever has been
cannot be doubted. Now let us look back
in the 70s. Steadily from 1870 onward there
has been a continual increase in the volume
Of circulating medium, In 1873 there was
not any gold or silver in circulation. and
there was probably not more Than $500,
900, 600 OF gold and silver In the United
States treasury TO meet the wants and de-