The Canton times. (Canton, Miss.) 1893-1906, 1896-08-21

! among civilized tiationsT IL they are,l1Ln
fact. DESTROYS Of securing Dimetslli s.,,}. M
q gold Standard and defend bimetallism %
a system. n, on the other hand. they are
1enHsnt es nslb at of gold stand
ard under cover Of q declaration In favor q
International bimetallism, I am justinea,
he expected at the hands of those who deal
dishonesty with the American people.
"A. Tcst or Honesty In Money.
The test OF honesty in money, he said,
! rnl,st Be plainly found In the purchasing
power OF the dollar. An absolutely, honest
dollar would notvaryin itsg general purchas-f
Ing power; 1t would be absolutely staple
| when measured by average prices. A dollar
which increases In purchasing power -
lust as dishonest as dollar which de-
se 4 oamgsd
i:Sas an absolutely lust standard ofvalue.
ism the government fixes the weight and
fineness OF the dollar. invests It with legal
tender qualities. and then opens the minis
chasing cH III power S' Of the dollar to be deter
Elinod by the number OF dollars Bimetal-
lism is better than monometallism, not
because 1t gives us perfect dollar-that Is,
dollar absolutely unvarying In Its gen.
eral purchasing power-but because II
makes nearer approach 70 slaDiii W .1
possibly can. Prior to 1873, when there
were enough open minis to permit AL
the gOlu &nQ silver aNdlluDlc LII CCiItuEC
to find entrance into the worlds volume
OF standard money, the United States
might have maintained gold standard
try, but now, when each step toward
universal gold standard enhances the pur-
chasing power of gold. depresses prices
and transfers to the pockets of the creator
class an unearned increment. the influence
Of this great nation must be thrown upon
the side Of gold unless we are prepared 70
accept the natural and legitimate CO. con asa
which lessons the worlds stock Of stand
ard money increases the exchangeable
value OF the dollar; therefore, the crusade
purchas sing power of morey and lower the
money value of all other forms OF prop
erty.
was a mistake to demonetize silver, but
insist that we should submit to present cen
ditions rather than return to the bimetallic
have reached the end OF the evil results
of gold standard; we have not reached
the end. The injury Is continuing one
is to suffer. from the attempt 70 make gold
the only standard money. The same IN
fiuenccs which are now operating 70 des
successful here, be turned against other
silver using countries, and each new con-
vert to the gold standard will add to ire
for gold continues. prices must fall. and
general fall in prices Is but another defnl-
tion of hard times.
Our opponents, while claiming entire dis
interestedness for themselves. have ap-
pcaIed to the selfshness of nearly every
class of society. Recognizing the disposl-
erect T t. of any proposed legislation upon him
financial policy outlined in the Chicago
platform believing that II w n rgshts = ing
why Farmers Oppose Gold Standard.
The farmers are opposed to the. gold
standard because they have felt its effects.
Since they sell at wholesale and buy at re-
gained by falling prices, and, besides this.
they have found that certain hxed charges
have not fallen at all. Taxes have not
been perceptibly decreased; ast now than
formerly to secure the money with which
to pay taxes. Debts have not fallen the
farmer wsS e aSa s Il Is may ss be twice as
difficult as. formerly to obtain the doiiar s
with which to pay the debt. Railroad
wtS fanr not prees and besides
has thus found 1t more and more difficult
to live; Has he not ct just complaint against
Bad for tho Wage-Earner
Tho wage-earners have been injured by
gold standard and have expressed them
selves upon the subject with great en-
Ing . for the immediate restoration of the
free e and Unlimited Coinage Of gold and sill
yer at sixteen to one was signed by the
leading labor organizations and presented
to congress Wage-earners know that
while a gold standard raised the purchas-
more e pG difficuit to obtain possession Of the
dollar; they know that employment Is less
permanent, loss of work more probaoie
and unemployment less certain .
A gold standard encourages the boarding
of money because money is rising; 1t also
discourages enterprise and paralyzes IN
dustry. On the other hand, the restoration
of biinetallism will discourage boarding,
| because, when prices are steady or rising.
money cannot afford to lie idle In the bank
vaults The farmers and wage-earners to-
| gether constitute a considerable majority
| of the people of the country. why snoulo
| their interests be ignored In considering
| financial legislation? monetary system
| which is pecuniarily advantageous TO few
| syndicates has far less to commend 1t than
| system which would give hope and en-
couragement to those who create the ma
| tons wealth.
| Ruinous to Merchants and Manufacturer
Mr. Bryan said 1t was only necessary to
| note the Increasing number or failures In
| order 10 show that q gold standard Is ruin
| GUS to merchants and manu1acturers. s "a
| aries in business occupations. he SAID. de-
| pend upon business conditions ana tne
| gold standard both lessons the amount
and threatens permanency OF such sai-
aries
Dangerous for Others.
Our opponents have made a special Ap-
| peal to those who hold fire and life tnsur-
ance policies, but these policy holders
know that. since the talpremiums receivea
| exceed the otal losses raid arising standard
must be OF more benefit,t to the companies
than to the policy holders.
| Much solicitude has been expressed by
our onnonents for the depositors in savings
| banks They constantly parade before
these depositors the advantages OF goia
| because savings bank depositors know that
under a gold standard there is increasing
danger that they win lose their deposits be,
| cause of the inability of the banks to collect
| fheir assets: and they still further know
that n the gold standard Is to continue In