The Sauk Centre herald., 1896-10-01


Hard Times Caused by Continued
Agitation for Cheap MOney-Bry-
an Admits That the Democratic
Party Declared for Silver Mono
mstallism.
First-That tho free coinage of silver
win make p.oney plenty. ~t
It will not. It will drive more than
$500, ,OOO, 600 of gold out Of the country,
and 1t viii require years Of work by
the mints to replace this amount in sill
yer. - -
SeconG-That silver was delaone-
tixed in 1873 HY A
1t, wassn0t. Tb ''dsinonetize' means
to abandon the use of money: Up to
1873 we had coined only 5000, ,0OO Of
silver dollars. Sinee.that time we have
coined $4,000 geo full leg II tender sil-
vcr dollars, and they are all in use and
all full legal tender.
4 Third That the present hard times
result from the gold standard. -0
tinued agitation for cheap money. I'm
der the old standard we had unexam-
pied prosperity until the agitation for
more silver and low tariff unsettled
business.
Fourth-That the old standard has
ruined the country.
The wealth of the country more than
doubled from 1870 to 1890.
or n a rd
cut wages in half.
From 1870 to 1890 waes increased %
per cent, and their purchasing power
81 per cent.
Sixth-That Silver is not legal ten
der.
Silver dollars are leal tender to any
amout for debt. public or private, and
subsidiary coins are legal tender to
the amount of $40.
Seventh-That frec-cOinage Will make
81 IA grains of pure silver sell for
ST..
Three-fonrths Of the earth's popuia-
ton have free coinage of silver, but
371 IA grains of silver sell for 53
CENTS I a#e,- sr ;s 4.
Eighth-That the. dollar OF our dad
\ dies must be restored.
It was restored in 1873, and over
423. "0n.00O Of them have since been
coined
Ninth-,rhat silver has fallen in val.
ne becnusc II is denied free coinage.
Silver began to fall 173 years before
we, stopped free coinage. ,et>
Tenth-That this country. is big
enough to adopt free coinage and re
stores silver's value independently OF
the rest Of the world.
If three-fourths of the people in the
world have failed, how can 10000. .0OC
people succeed? -3e
Eieventh-That the money power
has cornered gold and made money
There is 50, ,7se, ,4s7 600 Of gold in the
world, and no combination could posi-.
bly, corner 1t.
Twelfth-That we are being driven
into bankruptcy by scarce money and
high interest. .ses. i. ~
1894 we had 1854 per capita. Since
1873 rates of interest have fallen &c
per cent.
Thirteenth-That the larger the vol
ume of currency the higher the prices
France has $35.77 per capita; Switz
erland has $9.97. Prices are the same
in both countries.
Fourteenth That primary money
only is q measure Of values.
Gold is the primary money Of botf
France and Greece. France has So. Is
gold per capita; Greece has only q
cents Prices are the same in bott
Fiffeenth-That free silver Will max.
the farmers wheat sell for 81.
But that silver dollar will only pur
chase what so cents will buy at pres
ent
Sixteenth-That the silver men de
mand bimetafiism
In his Centralia speech, w. ]. Bryar
said: 1.-The Democratic party has de
clared for single standard of silver
That means silver monometallism.
Seventeenth-That free silver will
raise wages.
From 1860 to 1865 a 40 1-2-cent pa
per dollar raised prices 116 per cent
and only raised wages 43 per cent
compared with gold wages Of 1860.
Eighteenth-That free silver will
raise the price of silver to $1.29 pei
ounce.
With an annual purchase for coinage
of $3.50 tons per annum, the price fel
from SLIT to 7S cents between 1891
and 1898, and the production increased
SO per cent.
Nineteenth-1'hat nature has fixed {
ration of 16 to 1 by yielding annually
at the mines in weight about sixtee1
times as much gold as silver.
This is not true. The ratio in which
the two metals have been produced
has varied continually and very great
ly. According to the most trustworth.
statistics we have, the ratio of gold tt
silver produced was about to from
1893 to 1920; about 1 to AZ from 15S-
to 1910, and less than IL from 1S5.
to 1860. Between these extremes th'
ratio has varied very widely.
/. Quantity, Not Quality.
4