The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-08-23

prices fallen. but that II is the great
est blessing In the world to have
prices fall. Our opponents do not dare
to say that the gold standard is q good
thing, because no party In the history
OF this country has ever declared In
favor Of gold standard; and they do
not dare to say that the gold standard
Is a bad thing and then tell seventy
millions Of liberty-loving people that
they have got TO suffer until some for
eign nation brings them relief. (Cries
OF That is right") What Is the prin-
ciple that underlies 1t all? 1t 10 that
the law OF supply and demand applies
to money as to everything else. In-
crease the amount of money more rap
idly than the demand for money In
creases and YOU lower the value Of the
dollar. Decrease the quantity OF money
while the demand for 1t increases and
you increase the value OF the dollar.
When you understand that principle,
then you understand why the great
crusade In favor OF the gold standard
finds its home among the holders OF
liked Investments. who by such legis-
lation raise the value of the property
which they hold. When you UNDER
stand the effect OF the policy, and
stth thaSi tHt utGlTt lOI IL
Is manifested mostly among those who
hold fixed investments and trade In
money. l think you will come to the
conclusion that l have, that the fact
that tine gold standard il a good thing
for them Is the principal reason why
they are in favor OF the gold standard.
(Applause).
Now, my friends. when you make
up your minds that the gold standard
Is a bad thing. then the only question
that you have to consider Is how can
you get rid of Vt. They can raise OBJ
jections to the plan which We propose.
but IL free coinage makes a silver dol
lar equal to a gold dollar why then Il
Will be just as hard TO get a silver
dollar as 1t Is TO get a gold dollar.
DO you know what they overlook?
They overlook the fact that when we
bring silver into competition witch gold
we increase the supply of standard
money; that while the silver dollar will
be worth as much as the gold dollar. II
VIII be easier to obtain. with the pro-
ducts Of toll. q silver dollar or a gold
dollar than II Is to-day. (Applause).
III there Is any person who Is afraid
that under the policy proposed by the
Chicago platform We are going to- have
Hood OF money, and that you will be
drowned In Ii. we cannot appeal to you
for support. But II there is anybody
here whose experience Is such that he
Is willing to risk the disastrous conse-
quences Of that flood upon him, we ask
you to consider whether we are not en-
titled to your vote If bimetallism is
to be restored the United States must
take the lead. (Applause). / assert
that the American people not only
have the right and ability to>legislate
for themselves on every question, no
matter what other nations may think
about It,"
"The man who says that BIZ
metallism Ii desirable and yet
that the United States 10 ,,iurr.
tent to bring these advantages to your
people. has made an admission that
shall not make. We appeal to you to
remember that the United States
is the only nation that stands
ready to protect its own
people from every danger, foreign and
domestic. (Applause). Other nations
may protect their people as they
should, but our nation is the only ma
tion that can protect the American
people. ! want to suggest that you are
interested, not so much In knowing the
objections to our plan as in knowing
what plans the opposition have to re-
lieve the conditions. Why don't they
propose something? 1t Is because they
do not know what ought to be done.
So they are poor people to lead you
out Of bondage. Uaughter). Is It be-
cause they know and will not tell? II
SO, they have not the candor that
ought to be Possessed by those who
would redeem the people from their
suffering and distress. (Applause).
They say our dollar will be a 53-cent
dollar. Well, now. my friends. they
refuse to apply to the silver that Is
produced In the world the law of sup
ply and demand. We say increase the
demand for silver by legislation and
that new demand acting with the de-
mand now in existence win operate up
on the price of silver. We say that the
new demand will be sufficient to con-
sumo all the silver coined al the mint
and. being sufficient, will raise the val
ue of silver bullion to s1.2S throughout
the world. Applause). We have rea-
son for our belief. They simply say II
won't do 1t. and then sit back and pro-
pose absolutely nothing.
"If we need relief from the gold
standard. We must secure II for our
selves, and II we must secure this relief
for ourselves. you can only secure II
through a party which believes IN the
restoration Of the free and unlimited
coinage Of gold and silver at the pres
ent legal ratio Of 16 to without wait
ing for the aid or consent Of any other
nation" (Prolonged applause).