The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1896-09-15


the law makes a use for
How are you going to increase the vol
ume of your money! There Is only one
way, and that is by legislating for IL. If
you need more corn, you go out and raise
corn. If you need moro wheat, you go out
and produce wheat. IL you need more po-
tatoes, you go out and with your labor
bring them into existence. But suppose
the people need more money, can they go
out and create money! Some people have
tried it, but they always put the man in
the penitentiary If they find him out.
You can take piece of gold OF the same
weight and of the same fneness as fine
dollar goldpiece and you can SO stamp It
that you can't tell the difference between
IL and q government coin, but that Is not
money. You cannot use 1t as money. 1t
is not legal tender, and IL the government
finds out that you do It It can punish you
How are you going to get money IL you
want more money! You have got to secure
it by legislation, You have got to make
provision for an Increase in your currency
Senator Sherman said in 1890 that we
needed about $40, 0e0, 600 simply to keep
pace with population and industry. II we
needed 1t then, we need 1t now, and yet,
my friends, the Republican party Is not
bring into existence the money that the
people need to do business with.
vt Money Must Increase.
You cannot feed an adult upon food suf-
fciott for {; child child OF, cannot ffes. 4, fam
| lily upon the food sufficient for one person.
Neither can you supply society with money
enough to do business with unless that
money keeps pace with population and
| ri ind cfy hu &c hot va
! not provided you with the money! Let me
/ !, i've you my opinion of it. i believe that
the l,latform adopted by the Republican
party at st. Louis was written by the men
who are interested in making money scarce.
/ believe that that platform is in the inter-
est of the capitalistic class, and in the
money changing class, and If you ask me
why think so l will tell you have not
only reasoned 1t out, but that / can prove
1t in another way. You can always tell q
man by the company that he keeps, and
when ] find that all the great financiers,
and all the brokers, and all the syndicates,
and all the stock exchanges, and all the
money jobbers are running into the Re-
publican party, think / know why they
are running to them, and they know and
you know why they are going there too.
Now, my friends, of course we always
hate to lose anybody, but if we have to lose
anybody / do not know of set OF men on
earth / would rather lose than these we
have lost. All the people we baye lost have
been people who called themselves big
: people"
| But there is one great advantage about
losing that kind of people, because every
time one of these "great big" Democrats
breaks into the Republican party he makes
hole so big that about 16 little Republic
ans are made room for in the Democratic
party.
| Mr.. Bryan then moved to the front of
the platform and spoke as followsl:
| Now, my fellow citizens, j want to tell
| you very briefly, or rather present to you
in very few words, the foundation for
| facts. We are opposed TO the gold stand
ard because the gold standard means ris-
| ing dollar. A rising dollar means falling
| prices; falling prices, hard times. That
| is all that falling prices mean, and the par
| ty that tries TO make, by raising the value
of the dollar, lower prices for the general
! products of human labor is the party that
| legislates stagnation upon a people ana
drives men into bankruptcy by "be it en-
acted, - etc
Benefits of Bimetallism.
| We believe that the opening of our minis
| will bring into circulation more standard
money; to the gold of the world we will
add the silver, and when gold and silver
together measure the price of all the prop
erty of the world that price will be higher
| than it is now, and having been restored
it will remain more stable than it is now,
and that is why we are in favor of BIZ
| metallism.
We apply the law Of supply and demand
to money. We know that if you make q
certain thing scarce, the price will rise.
We know that is true of all kinds of prop
erty. We know that it is true of money.
Now we apply the law of supply and de-
mand not only to money as a whole, but
we apply it to silver as we'll We say that
the price of silver bullion as measured by
gold has fallen because legislation has less
ened the demand for silver and increased
the demand for gold and driven them
apart. We say that the opening of our
minis to the free and unlimited coinage of
gold and silver will create demand for
silver, and that the demand, taken with
the demand which now exists, will be
great enough to utilize every ounce of sill
yer not needed in the arts, and therefore
we can maintain the price of silver bullion
at 81. 30 an ounce throughout the world
The 10 to ] Ratio.
This Is brief statement of our prinoi-
Piles. We want the ratio of 10 to for two
reasons. In the first place, we believe that
the gap between gold bullion and silver
bullion has been caused by hostile legish.-
ton and that it can be closed by friendly
! legislation. We believe that the law can
undo what the law has done and that it
is not necessary to make any change in the
ratio. There is another reason, Have you
ever thought what change of ths ratio
meant Have you eyer tried to figure out
, what would be the effect If we changed the
ratio according to the plans suggested by
our opponents? "a
Let me suppose a case. Suppose all the
| world agreed to ratio of 32 to /, and sup
pose they made the change by doubling
F, the size Of the silver dollar. Do you know
what that would meanP ~
1t would mean the recoinage of 4,000,-
! 000.0 900 silver dollars into 2, 000, 600 600 of
silver dollars. 1t would mean, first the
shrinkage of one-half of all the silver of
3 h.N Ia Ill.