The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-28

as the Mexican dollar is now. They tell
you that IL We have the free coinage OF
silver: silver Will not rise in value. Let
me give you a suggestion by which you
can test them. Whenever a man offers you
a Mexican dollar for 20 cents you take IL,
ard then take II to your savings bank or 10
take that on deposit now for % cents and
give you n written agreement to give you
a Mexican dollar the next day after the
inauguration Of the next President. Great
applause and cheers)
They say that silver will not rise. If
not, then they can furnish you these silver
dollars for 80 cents in American money
We tell you that we believe that the free
coinage Of silver will create a demand for
silver which Will make that Mexican dollar
worth more than 100 cents at the minis of
the United States and throughout the
world. You ask how il can be done? Ii
law that you apply to wheat and corn
and oats. III any person In your commani-
" would stand ready to take all thc wheat
brought to his office at a dollar a bushel.
nobody In this community would sell his
wheat for less than 81 a bushcl-
A POPOCRATIC FALLACY.
Our opponents say tina If we maintain
the parity and by free and unlimited COIN
age make a silver dollar worth as much as
a gold dollar. that then it will be as hard
to get a silver dollar as 1t is now TO get
a gold dollar. My friends. again they ig-
more the law Of supply and demand. If we
restore silver to it's place by the side of
soid. so that any person who needs money
with which to pay taxes or TO pay a debt,
or buy anything that he likes. can use sill
yer instead of gold. we take the strain
day, because of the demand created for
Told by legislation, can charge more
i eas it t eom,et ihey &c, could The If Market srlysr
IL is not strange that a person who
ignores the law of supply and demand Is
not able to understand the details Of the
money question. A man who would watch
q boy throw n stone into the air and won
der why that stone falls to the ground is
you could hardly respect the intelligence
of the man who did not understand the
law of gravitation. But. my friends, what
not seem to Understandable least they will
not admit to the public hat they under
stand-that the increase of the volume of
the worlds metallic money will affect the
purchasing power of each dollar of that
money? We complain of the gold stand
has raised the price of gold and lowered
the price of al those things which ex-
changes for money, and II that be true.
then a restoration of silver to its place by
the side of gold will lessen the demand for
gold and thus lessen the purchasing price
Of the dollar, either gold or silver. Gap
IF you say that 1t is not fair to take
away a part of the purchasing power of
an ounce or gOfd, L tell you tndt IL was
not fair to have put into that gold that
part which the law has placed In ii. The
remonetization of silver will not take out
of gold any more than the decentralization
put into gold (applause) and those who
produce the wealth of the world. those who
are the foundation of the Nations great
only defense in time of war have as much
right to restore the parity between money
and property as the money changers had
to raise the dollar for their W benefit.
{ADDlause)
They tell us tina our legislation is in
tended for the benefit Of the mine owner.
the strength of bimetallism has always
been found among the agriculturists and
among the laborers who for thirty years
In our coinage. (Applause.) Remember
that when they tell you that this leigisla-
ton is for the benefit of the mine owner,
remember that free coinage cannot give
back to the mine owner a single cent more
than demonstration took away from the
mine owner. (~Applause.) And that for
every dollar of benefit that decentralization
has taken from the mine owner it has
taken many dollars OF benefit from the
farmers and the laborers of the United
that generalization gives 10 the mine own
ers that same law will give many dollars
back to the great struggling masses of the
United States. (~Applause.)
But let us suppose that the argument of
our opponents is true: let US suppose that
the only people interested in the free COIN
- " olfti NtIt Tie tlllut ONl L Il dSh
you who are the people who are interested
in the gold standard? Those who make a
profit out of the governments eXtremities
by drawing gold out of the treasury and
then selling IL back to the government in
echange for bonds which they themselves
have compelled. Applause.) These dealers
IN money and those who hold fixed invest
ments that grow more valuable as money
rises in its purchase power. these are the
chief among them all are the money chang
ers. and chiefest among those who are
pushing forward this crusade for gold are
those people who make a profit, not in pro-
that other people need in exchanging
this wealth (applause). and if I
tween fi egisiation that dn ' heiped the the
mine owner and legislation which helped
the money changer. | would not long hest
mountains and there you will find those
men who go down into the ground and
toll or climb up on the cliffs and every
ounce OF silver which they produce at the
risk of their own lives If poured into the
channel of trade would increase the vol
ume of money and help all Of us, and IL
l had to choose between helping them
and helping those who. instead of produc-
ing money. corner ii while the world is in
distress. | would lend my influence to those
who produce silver rather than to those
who corner money. (Applause.)
AS TO MEXICO.
They tell us that because Mexico has
failed to maintain the parity between gold
and silver therefore we must fail. There
is just one kind of a man who can think.
and that is the man who knows so little of
geography or hiTtory as to think that Mex
leo is as large as the United States. When
you argue that the failure of Mexico proves
that we must fail you simply argue that
the United States cannot do anything that
Mexico has not succeeded In doing. Gap
plause.) Not only that, but you argue that
the United States and Mexico together cam
not do a thing that Mexico has not done
alone. (Applause.)
Now, just a word on one or two other
declarations liz that platform. We say in
the platform that the United States should
exercise the option vested in the treasury
by law and redeem the obligations of tn
government in either gold or silver, which,
ever the United States may desire to use.
l believe, my friends. that a silver dollar
that the government makes n legal tender
between the employer and the employees.
A. fhAsn- -lA-lA