Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1896-10-08

Il
" and emphatioslIy pronounce All tho 49, t,'
- about the act Of 1878 being passed surrant;t;o
= "; about senator's and members bein. az,
:. now hypnotized. so tnAt they did not In
= wnst they were doing; about some EpaIi
: man being on the ground with much money
Z promote the decentralization Of silver. and
y y On. a. wholly and unquali6edly false. WI
= 70 ne scrupulously courteous TO my opponen
but III conscientious student Of c0ntemno,
= ! neous history am bound to say that in Ia
years during which have been an sttant 1,
observer OF public affairs I have MAYER y
nesSeo nor heard Of such inscriptions sban,
!ess, persistent, audacious cumulative. gjca
/ VIC iying ~ has been and Is now done WITH ,
, sald 70 ths act OF 1873, Its origin, its natu
ana Its consequences.
what Would Follow Bryans Election.
consider now what the Immediate coma
quences would be II Mr.. Bryan were electe
president with congress to match. MI
bryan would Of course be anxious In hav
MS Tree coinage law enacted, but that conf
not be, even II he called an extra session
SonsreSs, until some time in April or MAY
I'VE or six months after the day Of election
but as soon on the 4th Of November as the re
sun OF the election was announced everybod,
wouid Know that the parity Of gold and silye
would not be maintained.
IL having been made certain BY Mr. BRYAN ,
election that the parity Of gold and alive,
would not be maintained, there would he
rush upon the treasury for the gold in IL nv
persons holding greenbacks entitled to re-.
oemption, and the gold reserve would be az.
nausted In twinkling Gold will instantly
disappear from circulation to be boarded nv
exported Why will II disappeari Because
every sensible person when making payment
Will prefer TO make II in the less valuable dol
iar and hold the more valuable gold dollar
Dack Tor more profitable use. Gold will there.
,ore quickly rise to premium, and we shall
Do on the silver basis long before free coin.
age law can DO enacted What does 1t mean IN
10 on the silver basisf The word coin, " wher.
ever " appears in the law, will no longer mean
soiu' al u was so far understood, but silver
a'ohe Inc greenback or treasury note re-.
aeemble In "coin" will no longer be redeemed
IN gold, a. heretofore, but only In silver. The
ohl.ed states bond payable in coin, no matter
whether gold was paid for 1t or whether it had
oeen sold Tor the very purpose Of buying pold
LOT inc treasury will be paid principal and
interest," In silver-repudiation as fragrant IA
lhe world ever witnessed. Our daily trans.
ac'iohs In buying and selling, in paying and
receiving wages, will no longer be- carrjed nm
Upon The basis Of the gold dollar worth l00
'ehls out or the silver dollar worth 30 cents
" thereabout, for the government will no
onger hold up the silver dollar to the value ~
no gold dollar. That is what the silver basis
MEANS You can study In Mexico how IL
works. NV" ~
Inc quantity Of gold vanishing from circula.
ION VIII amount to about s8OO, OOO, OOO, the dis
ppearance OF which will make tremendous
o'e IN tne volume Of our currency, Nearly
le'thlrd OF 1t will be gone, and what remains
III pe reduced nearly one-half in purchasing
over. But, says the silver man, there will no
&c, silver coinage to fill the gap promptly
i'n coined silver or silver certificates. or
I my Ieiiow sufferers. The disappearance NJ
~ VIII happen promptly after The eiection
WI; Bryan, and there will not possibly he ,
y Tree coinage Of silver for at least s is 7
on.ns' and II Will require great many more
ohens 10 Nil gap OF 5000. 900 00.
The Free Coinage Panic,
snat VIII happen meanwhleY The ST. Loujs
Democrat reports Mr. BRYAN IN have i,
d some time ago: ~ think II. " meaning tha !.
''ory OF the free coinage movement, twill ii
use panic But the country is in depor. i,
. condition. and 1t will take extreme meas. n
~ 10 restore IT to condition Of prosperity n,
ereupon the 81. Louis paper pointedlv re. y,
rKs' evidently Mr. Bryan has heard Of tbe n,
TOR who always threw his patient into flts -,
ore administering any curative medicine, y n,
It So 's'"'' III
ow' Then, would Mr.. Bryan's eft" work. W W
sudden disappearance of our gold from a
'uiation would produce the most stringent n,
traction Of the currency on record Rus;' y. w.
ineh VINO owe money and at the same W,
. naso money Que them will be forced to 70
ec1 .has money by every means at their N
'osai. Nobody will be- inclined to lend ont ON
money except upon extraordinary seen. fla
: inc banks will naturally consider il their wa
10 Keep themselves strong, and there. mi
70 call in loans and to restrict their d;s. na,
''s and advances to business men with tho MIA
ost caution Business establishments ~, ~,
uiao'ories mercantile houses, unable IL No,
me money for meeting their obligations "a
ny the hundreds succumb to their embar. mn
nens and tumble down like a row n, nro
IS. Others will cautiously restrict tho;r ~, T.
A''ohs 10 the narrowest possible limit, and NJ
Farmers by the thousands will lose their rist
oyment and be turned into the street, val,
CLASS OF society will DO spared the do. bist
1--WE consequences. Every frightened wa
tor, pressed by his own creditors and nm. orr
'hsive or growing loss by every davis nan
' VIII eagerly pounce upon his debtors ava,
prompt settlement Of every account will ,yh;
renptorily demanded. Our farmers who wan
mortgages on their property and who yver
peeh Told that free coinage will maho r,oo
exceedingly easy for them will have ,ys o
unexpected experiences. Every mortgo,,a ahp,
lhat IS due will be quickly called in. T6o in Is
' I, VINO tries to have his bond extend. wag
u una an unwilling ear He who seeks 20 CO
TOW money In order to replace tho old howl,
age Win now one will be told that tha etor,
'''ne LOT loans, except, perhaps, upon ex assn,
III. eohaitions. The mortgageor may find ate i
iae MS bond Is payable in gold coin and An
u nave to buy the gold at the premium coina
uling. Foreclosures will be the order N self
" me mortgageor who seeks shelter nm. N gol
Jaws delay will al any rate further :" ~ ~ 81,
Ills property with the cost of legaI nro. OF I'M
gs' everywhere anxiety embarras.. obtai
saorlnce, loss and Distress even befure Is les
, al oou'u ascend the presidential chair and r
Bryan's BimetaIlism. Yes,
+ five or six months ~ s,., der "
Mr.. Bryan's extra session 90 ae"uiy we ha
begin and give us free coipaco Tne es' and p
Bryan solemnly promised us in his seem
'ew York grafton, free coinage will g;va AT the
'etallism, bimetallism will give Ms nm we ma
nee OF money, and all will be right MAJ pr
ilismf What Is bimetallismY II il n uoes
ny system in which the two metals cir. .rouoi
'ogether for all the purposes OF money Leu nj
rlty with each other upon a fixed legal aimos'
'hlch in our case is 10 to |. Eyidentlv the ex
bmetallism gold must be on hand uange
as silver. '''"' grossly
viii Mr. Bryan get the gold back from ming
ney powerS Evidently he must offer nehsio
What inducementY To ba s served
mints will be open to gold as well as st n,In
but who will offer gold bullion to bave pold 81
into dollars for circulation when he ed the
silver dollars with the same legal is the {
'ower at half the prices Only an idiot. deny 1t
'hat' or course, gold will be offered
On the silver dollar is up again to tho The
ndard. There is the rub, But bero tude Il
nm steps in with theory which is class "
III craftsmanship. He said In bis friends