Omaha daily bee., 1896-12-02
EFFECT OF CONFIDENCE.
Truth of sound Money Arguments
Demonstrated by Results.
FTY.I,

| The ablest of the republican thinkers and
| speakers during the recent campaign laid
| down the principle as automatic that there
| must be a return of confidence before there
| could be any considerable revival of pros
| pcrIty among the people. Bryan sneered at
| this asse rtiOn i'm his shallow demaEOgic
| way and derided all this talk Of confidence
| as merely a part OF confidence game. He
| took no stock in such professions He
| warned the people against placing any ere
! dence in them lie told them to come to
| him when they wanted the real pauacel
| for all the ills that the business world was
| heir to. The only confidence he could rec
| 0mmend was confidence in Bryan and Bry
| ans assertions They must accept his state
| mant that two halves were worth more than
| whole; that prosperity could be secured
! only by q policy that would cause a panic:
! would COnfscate half the credit of the ccun-
| try ard would violate all existing contracts.
| BY these arguments he was able to persuade
some people to vote for him, certain mum
bers of others, disbclieyng him, but bound
by party ties and a fanCied sense of partisan
duty, voted Tor him, and thus in the aggre-
gate he was able to command a total OF
about 100000 supporters. But the vast ma
iorIty of the voters could not be deluded
by his false reasoning, and they elected
Mckinley.
The announcement of the result had n
magical effect on the nations business in
terests. Fear wa di5pelled that the coun-
Try hllRnt ulOp 10 the mOnOnCtaIllC silver
standard and suffer a deDasement of the
currency with a consequent rupture of all
contract relations between men. Confidence
returned at bound. The initial evidences
have been patent to every observer. Idle
capital has come out to seek investment
Men have begun TO purchase goods with a
feeling Of confidence that they will be able
to sell Observation-Disclosures have resumed
operations with the assurance that the goods
they sell VIII be paid for III money as good
as that used at= the time or the sale. All
this Is confidence \ the confidence fought for
and won by theadvocates OF sound money.
the confidence sneered at and rdiculed by
Mr. Bryan -
Naturally the workngman is obtaining
me most direct and immediate benefits from
the changed Tpndtlons benefits that will !
soon be disseminRted throughout the entire
population. a giancc at a recent compila- |
ton OF the rnpUrts from big manufacturers !
gives some idea of the extent of the adyan- |
tage the conGdRnre OF capital has given to |
labor Since November T. when the CON |
tinuation Of policy of honest money was
assured, the iron and steel manufacturers |
nave set to work an army OF 10 1870 more |
men. Among the glass makers 15.2l5 men /
who were out of employment up to election |
day are now at work. The implement max !
ors have II. .G65 more men on the pay rolls.
the clay workers, 96l2; car makers SG25: |
coal miners and helpers, 1850; lumbermen.
200; shipbulldCrs furniture and paper max
tIs, ',oVJ, making "a grand total IN these |
iew divisions of labor OF A5.157. How many
times this number OF men have been given
work In the various business houses through
out the country by the election OF Mckinley
cannot be estimated even approximately
This Is n real prosperity the kind that
follows inevitably In the wake OF restored
confidence And II It could have been known
In advance without any doubts that such
widespread and Immediate benefits would
follow the Endorsement ~ a sound currency
NJ INT. f,ptfa h.f,rg
Frn'ter undoubtedly by million or more
votes.