The Camden chronicle. (Camden, Tenn.) 1890-current, 1896-10-02
BRYAN TO vIRINIANs.

Mr. Bryan said for his hearers to un-
derstand the money question he desired
TO submit @ few arguments in behalf of
the restoration of free coinage OF silver.
ct want to submit foryour consideration
he continued, 1.-TWO or three propositions,
and believe that they are so clear and
so plain every one OF you here can recog-
nize the force of them.
''ln the first place the Republican par
ty in its platform and through its public
men is making an effort to supply the
people of the United States with a sufi-
Cient amount of money to do business.
If / were to tell you that grown per-
son could wear the clothes Of a child you
would think me foolish. Ii l told yon
that a grown person could live on food
necessary to sustain life in a child, YOU
would call me foolish, and yet they call
these men tinanCiers who assume that a
people growing in population can suryiye
on a money decreasing in its minis. /
want you to remember now the figures
which l am going to read to you. These
figures are taken from a Government pub
LEGATION issued on July /, 1896.
"NoW give me your attention my friends.
In this Government publication issued by
the Treasury Department on July 1, 1896.
find a statement Of the amount OF mon
ey of all kinds in circulation among the
people for the various years. Let me call
your attention to the amount here for the
years 1894, 1895 and 1896.
Gin 1894 the amount Of money in circu-
lation according to this report was 81 $500
100000. In 1895 the amount of money in
circulation had fallen to 81 SOL 1000, 900, a
decrease in one year Of $59,000,000. On
June 8, 1885, the amount of circulation
had fallen to 81 500, 900, 900, and it means
that in two years time, according to the
Treasury reports, the amount Of money in
circulation among the people has fallen
about $155, 900, 600 in amount.
"In other words, in this time there was
decrease Of nearly 10 per cent. in the
amount of money in circulation among
the people. This according to the Treas.
ury report, and this report shows that
while tile percapita circulation in 1894 was
$24.2S, in 1896 it had fallen to SOL 10, a
fall of more than SO per capita.
''Now, / have called your attention tC
this decrease shown by the Treasury re.
port, let me show you, my friends, thai
luElbdu ~ DGiuS u QGCI CdnS bllCIG bLOulU
have been an increase each year.
"SenatOr Sherman made q speech on
the 1st of July, 1890, and in the courseo
that speech he used these words:
>" If our present circulation is estimated
at 81 400, 0000 and our population is in
creasng at the rate of 8 per cent. per an
mum, itWould require S62 600 600 increas
ed circulation each year to keep pace witt
the increase Of population, but as the in
crease OF population is accompanied by
an increase Of wealth and business it il
thought that an immediate increase o
circulation might be obtained by large,
purchase Of silver bullion to an amour
sufficient to make q new issue of banl
notes to keep pace with the increase 0
population. Assuming that S54,000,00t
year additional circulation is needed
upon this basis, that amount is provided
for in the BILL
'There is Senator Sherman saying tina
we need an increase in the currency o
something like $54 100000 every year
and yet instead Of having an increase 0
$54,000,000 per annum for the last TIVE
years we have n decrease OF $3.50 600
making deficit of about 1855 100000 il
the currency OF the country.
''Now, if Senator Sherman was right il
1890 in saying that the people needed ney
money every year, then want to ask yot
why it is that the Republican party have
IN the face Of the decrease in the circula
ton ofmoney, made no provisions to sup
ply theueeds fan increase in population
When we speak about these matters on
opponents tell us that we Go not under
,stand mathematics.
"a man does not have to understan,
much about arithmetic to know that tn
country requires an increase, or to knoy
that it demands an increase of purchas
Of silver bullion. Not only does the Re
publican party make no provision for tn
increase OF currency to meet the necessi
TICS an Lhn nennle lint the Rnnnhlica-