The islander. [volume] (Friday Harbor, Wash.) 1891-1899, 1896-10-29

statesmen of the country. They woule
have lis believe what history does not
support-that gold and silver enjoyed
equal privileges in the minis Of the
United States during al our history
down to 1873. They assert that the
stopping of the free coinage of silver i'm
1913 was 1.-THE crime of the century," and
is the cause of the present deplorable
business condition of the country They
/ must know that prior to 1873 we had
less than 100000 of silver dollars in
circulation. We have coined since that
, time nearly JOO.O00.00O of silver dollars.
and they constitute part of the cur
rency of the country. They do not tell
us that when the coinage of both, gold
and silver was free i'll the United States
the per capita circulation in this country
was less than it has been since the So
called crime of 1873" Why, under
the free coinage of both gold and silver
in the days of the fathers we had in
$500 per capita of S4.99: in 1893 it
was $500: in 1852 ii was $14.63: in 1872
before the resumption of specie pay
ments. and when We were doing business
With unlimited paper currency. it was
SlS.I9: IN 1884. twenty -One years after
the suspension of free coinage of silver,
we had a per capita of SD. 49, and every
dollar was as good as gold in every part
of the world. We have greater per
the United Kingdom of Great Britain
and greater per capita than has Ger
many. The per capita eff the whole
world is about So IL. The per capita OF
the gold standard countries is x1S. while
the per capita of the silver standard
countries-of which they want to make
us One-is about 81 30 Even in the
gold standard countries We have morY
silver per capita than they have in the
silver countries of the world. The gold
standard countries, having Il pOpula-
ton of less than onethird of the worlds
population. have nearly two-thirds of the
circulation of the worlds currency. The
United States has about 81 per cent. of
the total population of the principal
countries of the world. yet it has
81 21-100 per cent. of the banking re-
sources and nearly Is per cent. of the
total money supply of the world. Francs
has a higher per capita than the United
States. but the banking deposits in the
United States are S71.16 per inhabitant,
or S43 greater for each inha bitaHt than
the banking deposits of France.
Per Capita Rate Would Decrease.
1T must never be forgotten that the
free coinage of silver at the ratio of Is to
/ would not increase, but would decrease
our per capita circulation. 1t would add
nothing to it, but would rob us of the
good money we now have and put us
where the silver countries of the world
are today-upon Il 4 yer basis alone.
There is nothing in oul present currency
status. therefore. to disturb us, except
to defeat the party which proposes to de-
base it. 1t is the proposition to debase
cur currency standard that has created
CONSERVATION in every business center Of
the country: has made times hard, has
driven money from active industry, and
put it behind barred doors. where it will
be Kept until confidence is restored
The people will not consent to a. de-
crease of their circulating medium, nor q
debasement of that medium of exchange.
If by your votes this menace TO the mon
ey and credit of the country be dispelled.
and by the same votes Won restore the
American protective policy, that will stop
deficiencies in the treasury, and will pro-
tect American industry. and courage
and confidence will come back again.
Open the mills and the mines of our
country by Il judiciOuS protective tariff
and YOU will stop idleness and distress
in the ranks of labor. and you can't stop
it in any other way. What will be the
vember? (Cries of Mckinley. McKin-
ley.D What will be the voice of the
great city of Baltimore (Cries of Me
kinley.o How will that old conservative
city speak for national honor? Cries Of
BY voting for Mckinley and portee-
ion.')
Il thank my old comrades of the war
for their presence here ut my home to-
day thank my fellow citizens of every
vocation for having paid me this visit.
and l beg to- thank them in the name Of
the Republican party for their assur-
anees' of loyal support TO the principles of
public honor. Il protective tariff sound
money. reciprocity, which will bring to
u.s. | trust and firmly believe. good times.
from which We wildly ram away in
1892