The sun., 1896-09-13

rates of transportation has more than kep
pace with lessening cost OF production an,
manufacture, and the human race to-day, witt
q gold standard elevated over tho industria
fold, ia better educated. better fed and clotho'
:" Labor has demanded and received moro ant
higher wages, has become more and more, ell
where under Gods heavens has tho lahore
prospcrcd more and Jared better than In this
land where gold measures all OF earthly values
" But gold has not appreciated. The demant
has been fully met and more than met by tn,
gDns sd the sGs n.6d sPBy f the
gold production in the world In the past. from
1861 to 1850, there was produced 81 202 ,Dsl 900
1904, s0i4. Ta7. 200 was produced. More than
twice us much in the four years as In the ter
years from and including 1851 to 1850. Gold
dcnrcciated then and there is no good reason to
show that 1t has not deprecated of late years.
Besides, the production OF silver since 1873
has been abnormal. In the first sixty years OF
this country the annual production never cx-
annual OUTPUT increased by bounds. reaching In
1874 55.0Oo,000 ounces. Between 1881 and
1889 the production was % a2, ,o03.ol4 ounces. and
an increase OF 400 per cent. oyer the average OF
each Of the four years preceding. In 1889 the
| 1t reached l6U,601 1906 ounces
Can anyone doubt that this enormous in
limited supply. together with iossensd and
,essening demand, drove silver down below tue
the application of the law Of supply ard demand
which Mr.. Bryan ia so fond OF quoting. He
says legislation placed an artificial demand on
gold and DESTROYED the natural demand for
silver He Is mistaken. Commerce has out
grown silver as a measure OF value. Even as
medium o.. exchange 1t has been suprlantod
by many substitutes, by credi, instruments,
affecting prices and transferring values to tho
same extent as any coin disk. -
"The demand. the desire to possess, coupled
with the ability to acquire, has gone from silver
The world needs gold Commerce demands II
variable and iuctuating. And before the laws
OF commerce the eloquent appeals OF the Ne
braskan arc impotent and powerless.
patience and that Of this audience. venture to
all the deepest thinkers and most illustrous
political economists of this and former times.
changes and measure values. must be worth as
much as the commodity IL exchanges for. 1t
must have IA near as 1t may be reached, un-
varying value. and must have universal pur-
chasing power. The value of the money metal is
In the bullion. and not in the mintage. This
value springs from demand and supply, and the
estimate placed upon 1t by the vast throng of
exchanRers and trafickers who swarm in the
found wherever men dwell, and offer what they
have for what their brethren have. When two
meet to n their Spmmodites their re-
timating the qualities OF the thing they desire
TO have and OF the thing they wish to part with.
This Is mental process. 1t is wholly subjective.
independent, and voluntary: 1t is beyond the
king or of Congress. That power cannot destroy
this operation OF the human mind III attempting
n
hance that OF the other. Hence, the assertion
that the act Of 1S73 destroyed the value of silver
is an economic solecism. Commerce. founded
on voltion and estimation. issues its fiat, and
before 1t tho language of statutes falls parayzed
and crushed. No nation has ever been led by
government. in defiance of commerce. to adopt
a measure of values and n medium OF exchange.
Different commodities suit the difference OF
civilization and trade. and while silver may an
tion. 1t would not answer the needs of the most
" A. ia M n n.Ha Tha nplN -
the United States have voluntarily and intell-
gently adopted the gold standard, and they will
not submit to the dictation of the Chicago plat
Which of YOU. by taking, thought. can add
Saviour two thousand years ago. Which OF the
nations oof the earth can. by legislative thought,
add one centlme to the value ut any commodity
more than the brains and the estimates OF man
The awful calamities to befall the citizens
OF this country, when the thirteen billions OF
trust funds and savings are cut in two. when
the nations trade is demoralized and dis
man can predict; That they will be far reach
ing and destructive we know but the extent of |
the s,L disaster ,,, is beyond ends conjecture . 49,
standard OF our party. 1t waved over Jefferson
and Jackson and Cleveland. and it now waves
In war has sGnalized his devotion to his
Democratic party raised aeainst the authors of Of
its existence. the Constitution. Never before |
was lts SniCluNl mana ratSeu against It's X
we are called traitors When wo strike down
the fsono1 hand raised e destroy party
:, S,. our .,ps party sS, xls$ - TeIsaes q tine shs
bret thern, and on the vindication that honest
purpose and sound judgment always secure
cago platform as un.American and undcmo.
cratic, and hoist the flag of true Democracy
that will never be lowered so long as there are
mn frin n IN nd afrin to
TO maintain 1t.
I'VE ali know that your exalted patriotism
saults on the Constitution OF our country by the
Chicago platform will be resisted with the same
field in its defence. we Know that your devo-
ton to your party Is 9nly surpassed @ 5y
yoS nn w @ ,Rs
front of battle wherever its foes assai or its be-
And. sir. your hands will be held up In your
noble fight for the Constitution and Democracy
by the soldiers who wore the gray. Their pa
the blue and gray meet and melt into the colors |
Of PROMISE wherever every tint Is an inspiration
and tho country rejoice that a soldier Of the
Union and soldier of the Confederacy unite in
siend ter ,Ss country Its
has upheld both since the foundation OF the re-
GEN. PALMEn's ACCEPTANCE
q dignity, but with a voice scarcely adequate to
the size OF the hall. Its good taste and graceful
to tho war and to his fellow nominee
were all that Kentucklans and Southerners
could ask.
The verdict of the most critical hearers was
that 1t could not have been in better taste. His
answer to the Popocratic charge that he too
had resisted Federal Interference when Gov |
ernor OF Illinois. WAS regarded as complete and
effective.
Gen. Palmer said:
Mr. CHAIRMAN AND GENTLEMEN: You give
mo official Information that delegates repre-
sentlnR tho National Democracy OF forty-one
states. lately assembled in convention in
the city of Indianapolis, honored mo bv desig-
mating me the National Democratic candI-
late for the Presidency. and that the Conven-
ton assoc lated with me in the formal tenn
porary leadership OF that great historic party OF
tho United States an eminent citizen OF Ken
tucky-a citizen distinguished in arms and as
patriotic Chief Magistrate of his and my own
native commonwealth.
Mr.. Chairman and Gentlemen: Gen. Buck
ner and were once. in a modest sense
represent natives Of opposing opinions upon fun
iamental questions relating to tho powers OF
.he United States and Of tho respective States
lnder tho Constitution. We met on the battle
ield; where great publ c controversies that
I'd init OF no other method of solution are deter
mined. ] know he did his duty, and trust the
'ountry believes that did mine.
The nominations made by the National
Democratic Convention Indiana lIa |