Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-09-13

|
your attention TO the amount for the
| years 1884, 1895. and 1896 In 1894 the
amount OF money in circulation. accord
| ing TO this report, was 81 .0G1,OoOOp. IN
1895 the amount OF money In circulation
! had fallen 10 81 col 900. n decrease In
one year OF s59.Oooooo. on Juno 80 1896,
the amount I'm circulation had fallen
| TO N,06.ocD.0o0 II means that Ia
| two years time, according TO the Urea
sury reports, the amount OF money In
| circulation among the people had fallen
about s155,no.0oO in amount In other
words. In this time there has been a de-
crease OF nearly 10 per cent. In the
amount OF money I'm circulation among
the people. This. my friends. Is accord
| ms to the Treasury report and this re-
! port shows that. while the per capita cir
culation in 1894 was s2i2S In 1895 IL had
fallen TO t21l0-a fall OF more than 80
per capita. (Cheers)
| SHERMAN on THE CURRENCY.
| Now that ] have called your attention
| to this decrease shown by the Treasury
| report let me show you, my friends,
| that, instead OF being a decrease. there
should have been an increase each year.
Senator John Sherman made a speech
on the lst day OF July. $780, and in tho
| course Of that speech he used these
|
| estimated at 81, 400 10000, and our popula-
! ton IS increasing at the rate OF per
| cent per annum. II would require S62,-
| 10000 increased circulation each year 10
| keep pace with the increase OF
| population; but as the increase OF popu-
| lation is accompanied by an increase OF
wealth and business, It was thought that
an immediate increase Of circulation
might be obtained by larger purchase Of
| silver bullion TO an amount sufficient to
make a new issue Of bank notes TO keep
pace with the increase OF population. As
Stunning that $1,000 900 n year additional
circulation is needed upon this basis
| that amount Is provided for in the bill
| by the Sub-Treasury.
"There Is Senator Sherman saying that
we need an increase in the currency OF
something like $JOOOO,OO0 every year. and
yet instead Of having an increase Of
| Sj0O00.c00 per annum for the last two
| years we have had a decrease OF Sl55,000.-
| 600. making a deficit of about $3.50 900, 90
| in the currency of the country.
NOW. II Senator Sherman was right in
| 1890 in saying that the people needed more
money every year, then l want to ask
| you why It is that the Republican party
| in the face OF a decrease in the circula-
| ton Of money has made no provision
population. When we speak about these
matters our opponents tell us that we
! do not understand mathematics. A man
| does not have to understand much about
mathematics TO know that a nation that
requires an increased circulation must
| know that it demands an increase of the
purchase Of silver bullion.
Not only does the Republican party
make no provision for the increase Of
| the currency to meet the necessities OF
| The people, but the Republican party has
| been silent with regard 10 the manner
| in which this circulation had been con-
fractod. If the Republican party sue
coeds, we have every reason to believe
| that the Republican administration will
follow the example set by the previous
administration. and 30 on contracting the
circulation instead Of Increasing it," (Ap-
Dlause.)
Mr.. Bryan reached the Auditorium at
| 915 p. NJ, and, following an interesting
address by x-L.eutenant-G Governor John
son. said In part:
THE GOLD STANDARD.
'Tf the Republican party had declared
in favor of a gold standard, its orators
| might have gone before the people and
advocated the gold standard as a good
to close their ears 10 the cry Of distress
which comes up everywhere. But had
they declared for gold standard they
would at least have had something TO
advocate.
but they did not see It. The advocates
Of a gold standard did not declare for a
gold standard. Why? Because those who
favored a gold standard never fought an
open fight In their lives Gold Is
coward. il will not meet its enemies in
an open fight, and those who advocate
gold standard have never been willing
10 face their enemies before the Ameri-
can people.
Let me give you an evidence OF the
fact that our opponents are not willing
TO take the American people into their
confidence and declare before the Ameri-
can people the policy which they desire.
This night recalls my last visit TO this
hall-a little less than three months ago.
/ attended a national convention held in
this hail. 1 saw here adopted the first
platform ever adopted by national con-
vention I'm all the history OF the United
States which declared that the United
States must depend upon foreign nations
for permission 10 DO what our people de-
sire to do.
Il saw adopted in this hail a platform
which pledged the Republican party TO
get rid of a gold standard and substitute
bimetallism as soon as the leading nations
of Europe would help US TO do So Be-
fore an audience that did not equal this.
l saw this platform made, and I am
delighted that an audience greater In size
gathered, not from all the Union, but
from ~ single city, has met in this same
hall 10 pronounce condemnation upon that
platform"
The large audience was wildly en-
thusiastic throughout.