The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-09-12

| the fruits of his toll Great applause.) }
| They refuse to recognize the fact
/ that the moment the mints of the Uni
| ted States are opened to the free coin
! age of silver, that 10000 900 of people
/ can go out and secure silver, take it to
4 the mints and convert it into money to
/ pay taxes and debts and for the pUr-
| chase of property. They refuse to rec
| ognize, I say, that the opening of our
mints increases the demand for silver
and raises the price of silver as meas
| ured by gold. I say they refuse to rec
| ognize that fact. Why should they? It
/ is because they do not comprehend the
! fundamental principles which underlie
/ our belief, or dc they understand these
! principles and refuse TO acknowledge
that they understand them2 CAp-
plause and cries of That's what's the
/ matter with them.O
Now another proposition; we be-
| lieve not only that the free coinage of
| silver will raise the value of silver bull
lion as measured by gold; but we be-
| lieve that the demand created by the
| opening of the United States mints will
be sufficient to take all the surplus sill
Yer, and there being no silver upon the
market which cannot be converted into
money at our mints to use in the de-
velopment of our Industries there will
be no silver in the world which can be
2
in gold. (Great applause.)
But our opponents say suppose we
have more money how are you going
to get it? That to them is an argu-
ment which answers everything Let
me suggest question which you can
| ask them. Suppose you have some
thing to sell, how can you get anv-
thing for it until you find somebody
who has money to buy what you have
to sell (Appluase.) Money is the
creature of law. There can be no money
until the government provides for that
money and if you want more of any of
the products of labor you can go out
and bring them into existence, but if
you want more money you cannot get
out and create more money because
the law prohibits it and fixes a penalty,
punishment in the penitentiary for
any man who tries to create money!
A TALLYHO FOR BRYAN.
A big taIIyhO coach drawn by four
horses was in waiting for the Bryan
party and the members of the reception
committee at the Coates house. Board
ing this the candidate was conveyed to
Eleventh street and Grand Avenue.
Where he was scheduled for q speech.
The streets were crowded in spite of the
early hour and much enthusiasm was
shown Packed in the space formed
by the position of Eleventh street and
Grand Avenue, fully 1900 people were
massed. They not only filled all the
roadway and sidewalks and extended
100 feet down each street, but every
window of every building in the vicin-
tty was crowded to its limit. A temper
airy stand had been erected here, but
the crowd was so dense that it was
deemed best to have Mr.. Bryan ad-
dress them from the coach.
Standing on the middle seat of the
tallyho, his overeoat collar turned up
about his throat, Mr.. Bryan spoke as
follows:
Ladies and GentIemen:-I want to
suggest few propositions for you to
bear in mind in the discussion of the
money question. Our opponents tell US
that we are going in the face of natural
laws. 1 assert that the advocates of
free coinage are the only people in
this campaign who base their argu-
ments upon natural laws. (Applause.)
The law of supply and demand pertains
to the money question and I say that
when you increase the demand for gold
you raise its price just as you raise the
price of anything else by increasing the
demand for it, and that when you raise
the price of gold in a gold standard
country, you lower the price of all the
products of toll which are measured by
money Great applause.) The gold
standard then means falling prices, and
falling prices mean hard times to ev-
erybody except the man who owns
money or trades in money. applause
and cheerS.) Now if the money owner
has right to use the ballot to raise
the value of the money he owns. why
have not all the rest of the people the |
right to use the ballot to keep gold
from destroying the property which
they own. (Great applause.)
Now another application of the law
of supply and demand. Our opponents
talk about a so cent dollar
Therefore, the only way to bring /
money in existence is to take charge of
the government, the only instrument
tality, and by law open the mints to
permit the coinage of new money to |
the people to do business with. Great |
applause) Until there is money you |
cannot get it. But some people say,
how is this money going to get into |
circulation. My friends, that is a ques-
ton that has never bothered me. |
Gaughter.)
CAN CIRCULATE HIS MONEY
The trouble with me is to keep my
money from going into circulation be- !
fore I wanted it to. applause and /
laughter.)
Let me show you how money gets |
into circulation. Suppose that you are /
a laborfng man and at the end of the |
week, or at the end of the month you |
receive a certain amount of money for |
your labor. How does that money get |
into circulation? you use it to buy the |
things you need and the moment you |
use it. it is in circulation and is a meas |
ure of the value of property. Under the !
free coinage of gold any man who pro- |
duces gold can take the gold to the |
mint and have it converted into money |
and then that money is for his use and |
the moment he uses 1t he puts it into /
circulation and must use it, because it |
is of no value to him until he does.
(Applause.) Now if a man produces
silver he must go out and find some
body who wants to make spoons out of
his silver, but under the free coinage of |
silver he can take it to the mint and
have 1t converted into dollars and then
he has the dollars to pay the man who
produced the silver, but he can't put a
dollar Of that silver to use for himself
until he puts it into circulation TO be
used by everybody who has property to
sell. (Applause)
Now, my friends, on this question
there are two classes of people. There
are those who have money to sell, or
money to rent, and there are people
who have nrodncts to sell for. The 11llr- |