The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1896-10-17
The GOLD 4
MEASURE OF DEFERRED
HOPE.


HOPE.
Mr.. Bryan addressed q meeting o
1000 women in Minneapolis last Taes-
day. The meeting was composed ex.
cln.isely Of women and was ~officereG
~ ."m.n-0nif- y novel proceeding
10 American politics.
lie gave ril-m i business talk. anl
Illustrated the financial qnrstinn in q
p'al" ard simnle way. AZ will b4 seen
oy the following extract, which ever
ti'e men may read Nth advantage:
1.-The reason why the mnfhers are
taking such an interest III thi. cam.
palgh. the reason why the wives are
feeling y deeper Interest than they
usually feel, il because they are be-
cor ing acquainted wirh the gn'a stan
dard. They know that instead n
; being q just measure Of deferred pay
ments the gold standard has, become a
measure Of deferred hope, and hope
deferred maketh the heart sick.
This money question ia not too
deep TO he understood by an American
c1'lzen; every great political question
il frat
GREAT ECONOMIC QUESTION,
and every great economic question is
&C least \ great moral question.
Questions are not settled until the
tight and wrong Of the question are
d-t-rmined. Questions are not aet-
tied until people grasp tile fundamen-
"a principles. and when those ptinci-
pies are finally comprehended then
The people settle the question, aud
they settle it for . generation. The
people hfe studying this question,
stndying it IA they have not studied
It before; aye, studying it as they
have not stndied any question before
~ your life time or mine. and study
leads to understanding. Bnt to study
ynn must commence t the bottom, and
study up. Now, what Ia the first great
princiPlef It is the value of q dollar
depends upon the number of dollars.
9 can make dollars dearer or cheap
er by changing the quantity. Now
TINS ls q simple proposition. It is a
fundamental question, and when You
have studied it and when you have ua-
derssood it you understand the money
question. Suppose that We were
walled in. and had enough wheat in
the %lncloanro to last US a year, and
taking supply and demand into con-
slderatlon, wheat was worth 4 dollar
2 bushel !; and suppose that the wheat !
was gathered INTO two great piles, and
Que woman owned one pile and anoth-
Wnma another pile, and suppOse
the owner Of this pile of wheat
read in tho papers that the
other pile Of wheat had been destroyed
~ f1re and that the people instead Of
both piles for their years sup
ply must all be fed from this nile.
what would be the result
Every bnshel Of wheat ia this nile
would rise in value. Whyf Because
he demand for wheat remained the
'ame and the supply Of wheat ia cut in
'wo. Now, what 10 tho second thing
learnt That the lady who owns
his pile Of wheat will profit BY the
lse IN wheat; and what is the thirdi
'he will be glad that It vas the other
'ile Of wheat that burned instead ar
lerS.
Nov that is q simple question. Let
apply it to silver. We have about
our billions Of silver money and about
billions Of gold money 10 the
voIld. Suppose we destroy one pile
nd make the other pile do the service
I both. What 10 the resultf The de.
hand for money remains the
sme and the supply Of money ia cut
. two. The result must be that the
alue Of each dollar will rise. When
heat rises in value q bnshel of wheat |
moro money ; when money rises ,
, value . dollar il money buys more {
heat. What 10 the second result I
he people who own the money or
no own contracts, payable Ia dollars,
rotit BY the rise, and they are very I
lad of the rise.
Tho gold standard means dearer q
and dearer money means I
property, and cheaper prop /
rty mean hard times; hard times :
'eans moro people ont Of work ; more !
eople ont Of work means more people {
more people destitute {
cans more people desperate. q
All Free. :