The morning times. [volume] (Washington, D.C.) 1895-1897, 1896-08-20
Statesman or Phrasemaker9

which pay creditors, reply balancing of
system which will maintain restore prices foreign
have insist financial system that will reduce
But interests society far superior OF either
creditors and the interests society demand financial
system which will add volume of the standard OF
7ork speech
The more Mr.. organs New York speech is studied
the less able it appears either argument states
manlike utterance 1t is easy for gifted with
la lively imagination and ready flow of language TO
phrase plausible declarations and make what to be
truthful assertions. But it requires greater fund OF
knowledge and deeper and active research after
facts than Mr. Bryan has yet displayed to entitle him to
the honor of being qualified public leader This critr
csm written without fear of successful contradictions
To establish its falsty would necesstate careful in
qury the various propositions and assumptions found
Mr. organs defense of free silver and the and
deeper the investigation the clearer and palmer the fall
lacy of the entire argument will appear. Place Mr..
Bryans speech by the side of plain facts and then
swer if the author and alleged orator is statesman
In recent report of the Bureau of Statistics will
be found table showing the of imports and the
of exports of merchandise and gold and silver for
different periods between 1870 and 1894 From 1870 to
1873 when had deprecated currency the of
gold exports S24. 49, COS. From 1890 1894, dur
ing period when the Sherman silver purchase
playing havoc with public confidence the of gold
exports S32 99S, 503 In 1895, when woul lack of
created fear that the government could not
its gold the of gold exports
$780, 065 721 This also largely increased by
the exports of European gold temporarily borrowed by
gold spectators for the purchase of United States bonds
endless chain system of greenback redemption per-
hitting such dishonest method of doing business.
Now for the other side of the question During the
ten-year period Of 1880 $780, when there
tary disturbance. the of imports of gold
$40 936 1872 What better evidence is needed to show
that there could be disastrous flow of gold from the
country if free from financial agitation? If the
actual existence of deprecated loss of pub
confidence through fear of debased standard is su
cien drive gold away from what would be The
if Congress should open minis free silver?
The publication of the information that had con-
traced to provide for the worlds silver surplus would
send gold to high premium that it would require
Jacobs ladder to read the figures.
Unless bimeta1lism be substantially established
throughout the commercial world it stop falling
prices improved and cheapened methods of
poration make prices world wide. The prices of pred
ucts could be held up this country independent of
other nations except by closing ports against
tton that restricts production and con-
sumption, it is neither wise justifabe. During the
25year period of 1870 1896 total exports of
merchandise silver $50 O9O 38 The excess of
gold exports for the period only So 24S
Inasmuch the of exports of merchandise and
silver must paid for in gold it will be that the
balance foreign trade for the Is years mentioned was
in our favor the amount of S76 382 10O Had there
been no financial disorders to brighten gold away so that
we could have retained the export gold lost in
the monetary dsbursng periods of 18701S7s 1890
1894 would have had clear balance of foreign trade
in our for the last twenty years of $780,
not including the Of export gold by the sales
of 1885, Surely there could be convincing argu
in favor OF sound money. complete refu
tation of Mr.. Bryan's illogical misrepresentation.
1t has been frequently demonstrated that free silver
is dangerous, disastrous and disappointing. The claim
that gold has deprecated has also been satisfactorily
contradicted Bimetasm without the cooperation of
the great commercial nations absolute mpossbility
and if there any truth in figures reliability facts
only way to prosperity is through sound
money system England's great wealth created by
an energetic foreign policy that stimulated industry and
caused become the leading manufacturing nation
The United States has hundredfold greater opportu
nifty in the development of abundant the
of attractive and field