The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1896-09-09
HON. J. W. BAILEY.
The Bright Young Statesman
Visits Bryan.


found him worthy Of his great repu Ia
ton. His speech at the courthouse
yesterday afternoon occupied the bet.
ter part Of three hours, yet perfect and
appreciative attention was accorded
TO him throughout the discourse which
was literally interspersed with APP
plause. There were many ladies pres
ent who lent their refining influence to
the occasion aud were among the
most attentive auditors.
Mr.. Bailey was introduced by Judge
Brieiz in few well chosen words and
after few pleasing sentences about
what he had seen aud heard Of Bryan
began his address, OF which the follow.
ing is but br synopsis.
For twenty years and more since the
war the real democrats have been com.
PEELED to yield their rights to the pow =
er OF the east until II has brought rs to
the verge Of agricultural, industrial and
ToliiicAl ruin. This year the real dem
ociats defed tho.e powers, naming
ndidates representing the best inter
eats OF the country aud promuIEaiing
platform we'll nigh perfect-the best
since 1855. We would not impair a
single right that wealth can properly
enjoy, but wealth must and shall no
longer trample upon the rights Of the
people. Our platform Is the embodi.
ment Of democracy and only ignorance
OF democratic principles can abscribe 10
1t demagoguy, communism and an.
archy. Thomas Jefferson was the first
to warn the people against the third
erm,yet an echo Of that principle Ia the
platform Is criticised. II Is said that
we assail the supreme court because
the platform declares our belief that
the court vas wrong on the income tax
decision. lie any branch Of the govern.
ment above the people from whom Il
derives its powers? Assuredly not.
You have a better right 10 criticise
this court than congress or the presi.
dent. since the tenure Of the latter sub
jects them 10 dismissal. During Jeifsr.
sons administration seventeen federal
judges were relieved Of. their ermine.
We are not surprised at the cry which
now goes mp before the coming reior.
nation. The New Englanders taught
their women and children the election
OF Jefferson would entail reversal Of
social order and destroy the churches
and the government. To show the
influence Of class legislation upon hu.
man nature, II the legislature should
pass a law providing that for ten years
the black headed men should give hall
their earnings to the red headed men,
and at the end Of that time the law
should be repealed, the red headed men
would cry out against this simple &C. Of
justice a. an invasion Of their rights,
SThe present financial system is oh.
jeetionable because the supply Of gold
is not sufficient TO meet the demand iol
gold, and as gold goes up all monies &c
up with it. The gold men charge thai
we are trying to make money too cheap
We know they have made il too high
raised the gold dollar to 900 cents
Gold Is worth twice as much az Il wal
twenty years ago and silver only al
mneh. They argue that when the dol
lar passes through the mint into the
hands Of the bullion owner its value Il
enhanced from SO to 100 cents, yet
strange TO say when they come 10 tail
Of paying the laborer with u, Il again
changes TO So cents. They say fee,
coinage will bring too much money.
challenge you to find any country In
any age which had too much metalli,
money. The seven hundred millions
in different kinds Of paper-promisel
Ia pay gold and silyer-nOw used prov,
there lie not enough Of metal money
in the world. Only one billion or 4
per cent Of the gold produced has beer
coined in the past % wears; the remain
der has been used In arts and dentistry
The scarcity Of gold is proven by IN,
bond sales OF cur treasury department
in which TO maintain the policy Of thI
administration Secretary Carlisle wa
forced into a secret conference will
bankers, resulting IN the sale Of bond
which yout.children and your children
children will have to pay. Credit an,
confidence are all right when backe,
with cash, but when cash goes the,
beat II going. They say paper aud OIL
yer Is good enough for every day trar .
actions, but they want gold--one mon
ey for the rich man and another 70
the poor man-but we say II silver 4
good enough for the laborer, the retail
/ ultNAnAnA NHA AtlN ANultIt u u EOO(
enough for the bondholder aud by N,
eternal he will have 10 take IL. Vain,
merely means purchasing power. A
53.cent silver dollar will buy as much
cotton and wheat now 10 In 1878 a
half the price while the gold dollar viii
buy double; and the gold dollar viii
buy twice what Il would In 1878 OF any
article the price Of which is fixed IN the
open market Of the world and condi.
hons ofsupply and pemand remain the
same. 0verproduotion will not explain
decline In prices because Il Il
impossible in all lines for % years,
In all gold countries prices have fallen
for % years and Ia all silver counines
they have been stable Mr.. Bailey
demonstrated that gold has risen like Z
hot air balloon from the plane OF b.
metalism and left contraction and die.
lress In he. Before closing ho touched