The times. [volume] (Richmond, Va.) 1890-1903, 1896-09-01

enecihcially aid any particular class, yet
those who believe that the restoration OK
siver Is needed by she whole people
should not be deferred because an In
c.dental benefit will come to the mine
owner
This triring incident, which Mr. Bryan
introduces only at the END OF his argu-
ment, was previously declared by Mr.. F.
c. Newlsnds 10 be the main purpose OF tho
silver miners party. Mr.. Newlands' words
are: Our purpose simply Is. by increasing
the coinage and use OF silver ano by CIV
ing 10 equal privileges with sold. 10 raise
it's value. and by diminishing the strain
on gold which gold monometallism mas
caused. TO take away It's unjust apprecia-
ton and thus by pulling. up the value Of
silver and pulling down the value OF gold.
To restore the old ratio, so that sixteen
ounces OF silver Will be worth lin bullion
ms well as IN coin) one ounce Of gold.
Thus the old unit OF value the dollar
based on both metals instead OF one. will
be restored, and We shall have a gold
dollar worth one hundred CENTS in silver
>and silver dollar worth one hundred
cents in gold"
stocks OF silver which would be likely 10
come to the minis OF the United States TO
be coined at an expense OF the tax payers
IN the nrst year, an approximate esti-
mate would put the sum al not less than
Slso.oo.s0 in bullion value: which we are
expected to take I'm and coin at the ex-
pense or the taX-payers. and by force u
law 10 put the dollars upon the public
at s36O.OO00oo. coinage value. The differ
ence OF $50 100000 would be tax upon
the people OF this country for the pront
OF silver miners and bullion dealers. equal
10 the entire cost OF the Government Of
the United States at this time. emitting
inerest and pensions. The cost OF gov
eminent to-day is $50 a head on seventy
two million people-slS0, 100000. That
would be- a trihe compared TO the total
paralysis which would come upon the
community IN the event of the success
Of the silver miners and their
advocates. getting the power TO
carry out their purpose OF securing this
profit. one can hardly believe that
they really hope 10 put silver TO N.29.
Their more probable intention Is TO get
tho Immediate advance on the product OF
one or two years and sell of their min
ing stock at fancy prices. while keeping
their own gains on gold basis as they
do now.
Mr.. Bryan admits the possible failure
Of this Undertaking saving that In That
case the evil may be cured by subsequent
legislation. In the interval he afiirmS that
the debtor class should be endowed with
the power of choosing the KIND or com
with which 10 meet their obligations, but
that no choice should be given 10 tho
creditor. The one class which can be dis
tinctly set apart creditor class IN
this country consists OF laborers. workmen,
factory operatives railway employees and
their associated millions who do the me-
chanical manual. and operative work or
the nation. As the silver miners In the
past so the banker. the merchant, tho
manufactures. the railway manager. the
insurance president can with more or less
difficulty adjust their own affairs upon
gold standard I'm spite OF the efforts made
10 put them upon a silver standard. Their
operations would be restricted and the
danger OF loss covered by extra interest
or profits at the cost OF the community
would be very great. hut as "A class all
owners or managers of capital can in
great measure protect themselves against
the evil Of a dcbased currency. Work
ingmcn. as a rule. cannot wait. and arc
powerless to save themselves from loss.
They are forced 10 grant credit 10 the
communicated is 10 say. their wages are
never paid in advance. They must make
bargains or contracts for each season =
work, thus becoming creditors.
Mr.. Bryan and his confederates intend
to deprive this great class OF creditors Of
any power 10 defend themselves against
the fraud which they propose to commit
under tho forms of law. This fraud
needs only to be exposed - be condemn
ed. II IS not necessary to pass In review
the succession OF blunders nisstatements
and errors which Mr.. Bryan has perhaps
unwittingly incorporated I'm his argument
from the briefs which have been supplied
TO him. One needs only TO disclose the
main purpose. and then the whole series
OF plausible fallacies by which this policy
Is supported. must fall 10 the ground II
will be bad day for the few sincere men
who are apparently leading this bad
true motive and purpose OF the real d.
rectors OF this plan or reputation.
EDWARD ATKINSON.