The San Francisco call., 1896-08-30


metallic money VIII Be increased But our
answer IS: The free coinage of silver VIII not,
under present conditions. result In an increase
OF our metaI money, and viii not afford 2
remedy for hard times, because we cannot in
crease the amount OF our coinage money By
coming more silver, for when we coin more
silver We will coin less gold II was officially
stated hT the Treasury Department, in ADri OF
this year, that last yesr We coined S43. s33, ,475
IN gold and %, ,069, $50 in silver, aid that If
our mints were devoted exclusively 20 the free
eoInsge OF silver We would coin sl5 100000
less money every year than row, because II
takes nearly as much time 70 coin silver
dollar as il Goes 20 coin twenty dollsr gold
piece; and therefore, We would coin less
metallic money.
Forty million dollars year Is the extent of
our possible silver coinage. and now coin
in gold and silver more than S53, ,O00. 600 8
year and so free coinege OF silver VIII bring
rs less instead OF more money, and worse in
stead OF better times.
believe in the largest possible use of both
gold and silver, and in the free and unlimited
coinage Of both metals, but l an una. .tersbly
opposed 20 either gold or silver u uonometsllisua-
/ believe II the free coinage o. b0h these
metals, for the reason that the more good
money we hsye, everything else being equal.
the better we are Of; aud yet our banks may
be full OF money and our pockets empty Good
money and good times must go together But
all dollars must be alike in Val1e, and when
ever the free coinage OF silver esuses silver
uolonetaliIsl, This viii Jure our country.
We cannot have one dollar Tor the debtor, and
y
rich and another for the poor ii We do. the
rica VIII BE- sure 70 get the best dallsr- There
cannot be too much good money, but there
can be tco much cheap money 1t viii be no
remedy to exchange gold monometsIllsm for
silver monometzlLsm- There can be no pres
perity in lowering the standard OF our money.
Money Is not thing one can eat or drink or
wear or use for any purpose except SIS ex-
change for things, and as s representative OF
value, and Ene1 money does not represent
value, then ii IS useless: The benefits derived
rom noney, Ike the dement's derived from
the use OF anything else that mankind re-
quires, depend on the opportunity for its use,
and ne value OF the thing used
40 nan can get uoney no more than he can
tsg il fov Instance, sou can take oDe hundred
pounds of wheat 30 q man rho has money and
wants wheat aud be gives you dollar for the
wheat But suppose he needs the wheat, but
the dollar as che other man worked 10 prod uce
the wheat; but In order TO work for the dollar
he must have an opportunity 70 work, and he
cannot have an opportunity 70 earn q dollar
unless there IS something 70 dc, and there
viii not be some thing 20 do unless some man
can make something by hiring this man who
wants 70 earn dollar. 1len il is the pYoduc-
ton OF things that makes money and causes q
country 10 De prosperous-the more things the
people produce the more wealth they sceumu-
late. The making Of money follows the pro-
duction OF things; for people 10 prosper they
must produce grest deal, and the laws that
most encourage such productions are the laws
that most benefit the people ana create the
most wes tn
We must have protection first, and more
money Will come sftsrward, aud thus protec-
tiou Is the safest 6ad surest means OF securing
prosperity to the eriesn'peopie. A protec-
i've tariff is National necessity
We cannot afford 70 trade Of protection even
for bimetailsm.
II goes without saying that the real strength
OF the Bryan Democracy is in the Solid South
The reason why the Solid South IS for free
trade and free silver is evident The cottou-
producing portions OF the Solth are for free
Silver and free trade and wildly for Bryan. be-
cause they supply the world with cotton and
their chief market IS England Tney are
paid in gold.
They want cheap silver money AZ houe so
they can pay their Ia Dor with q 5O-cent dollar
and thus make profit Of the labor that pro-
duees the crop; and they want free trade be-
cause as Ehey buy the most OF the articles they
consume they wish TO buy from cneap-Iabor
countries aud thus punish the mEuufacf arers
Of the North in their country.
In word, they win sell what they produce
for gold, pay their labor in silver rutn the
American mechanic by building up foreign in
dustries and destroying our own and by pat
ronizing foreign cheap labor and Introduce
into American politics the results Of peonaze
worse than the old-time slavery. The South
ern Democracy never was friendly 10 Ameri-
csa labor.
No man can truthfully deny shat We had
good times under protection without free sil-
yer and We will have good times again If we
fruits and our rsls1ns and all the products OF
our farms well protected against foreign com
petition and then CaHfoTnia viii be q pros
porous state Take prunes; IL costs the Cali
fornia producer cent pound to tran sport
them 70 New York market, while il costs the
French producer but quarter of q cent
pound TO transport his prunes 70 the same
market The French Ia ab0rer gets from so n
35 cents day fer his labor; the American
lsborer gets 81 day By reason OF American
competition The price OF pranes in the New
YORK market mas been lowered 100 per cent
in ten years Without protection We cannot
compete with France II was g mistake TO cut
dow the tariff on pruneS or on zuy other
product OF the farm. Protection IS the founda-
tion upon which all American prosperity
rests, because American labor mus. be favored
By American Jaw or it VIII be Of the same
value IS foreign labor and our people cannon
live on foreign prices for American labor
In this connection IL IS q most instructiva
fact that there is 10 silver monemeia allie coun-
Try where labor Is well paid. Look a. Mexico,
Colon ois and other silver states on this con-
tineHt. and then look at China, japan, India
and Russia, which are silver countries The
price OF labor in every one of these countries
is from 100 To 500 per cent below that in the
United States There is no enterprise, no re-
wards for Labor Theg never see gold They
have no conception of bimetallisus. But Mr.
Bryan tells Us that American ingenuity is q
protection against the mpetifior of cheap
Is bor. We tried this with the Chinese, but our
ingenuity was no match for their cheap
Drawn aud muscle, and We prohibited their
DTO11Otr
foreign cheap money from coming here. The
United States IS in no sense 8 ches country
This is new snd an expensive civilization
so long SIS England dietates our tariff avs
she will easily control oEr financial policy and
d icsate the prices charged for what we buy
abroad and what We sell abroad. She con-
trolls the money of the world but she
cannot control the resources the world. and
so there is an irrepressiole conflict between the
two great English-speekfng pe0pIeS-Ef gland
and america Both countries are seeking in
dustrisI supremacy. England imports nearly
an her breads tufts, all her cotton, most of ner
fruit and meats sad wcoi. and all OF Eer sugar
wines brandIes, teas and coffee And England
must paw for them in either money or taIngs
II we have protective tariff .ess OF her shirsgs
and more of her money will come here She
tries % control the prices OF these articles
she does this in two ways:
First-By debating the revenue laws of the
country she bug OF, and
second-By controlling the monetary sys-
tens OF the world.
Being creditor nation she adopts the fanil-
lar practice of causing hard times among the
borrowers OF money and the sellers Of products.