Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1896-10-03
nrMoCRATIC NOMINEE EXPLAINS
FREE COINAGE.
TELLS why Ii Would Not Re Wise to
Change the Ratio to 81 to 1.
or Amy Other Figure.

Manchester, n. a., Sept. BAmid Ap-
clause interrupted by questions by Rock
yell Clough 90 Alton, n. H, a prominet
wire manufacturer. Mr.. Bryan addressed
very large crowc on Merrimac common
here. He said
Fellow Citizens: We are told the free
coinage OF silver Will be detrimental TO
those who have deposits in savings banks.
/ want you people who have money de-
posted in savings banks to remember
this that your deposits are secure only
when these banks can collect the money
which they have loaned. and II you lend
money on western land and then drive
down the value of western land you are
destroying the securities which the banks
hold for what they owe YOU"
Mr.. Bryan then went into a discussion
Of the silver question proper. He severe
ly arraigned trusts and monopolios, and
declared the people were on the side OF
silver and added: Silver is a legal Ten
der except when you contract against it.
We believe It ought to be a legal tender,
and that thereafter no man ought to be
permitted to contract against any kind
Of government money. But IL the admin
iStraton would recognize silver. oven as
II is by law. We Will be relieved Of great
disadvantages. But instead of recognize
ing silver as a standard money equal with
and private, our administration has Id
sued bonds to the amount OK 3262, 000, 900
10 order to buy gold to furnish those W no
make a profit by raiding the treasury,
and then buying the bonds which the
treasury issues to replenish itself"
Wire Maker Interrupts.
AT this point Clough started to pro-
pound interrogations. Said he: rs that
republican administration"
Mr. Bryan: mo. sir; but the republican
Administration will continue the same
thing, and every prominent republican
indorses that system John Sherman
says that Grover Cleveland's financial
policy is all right, ana John Sherman
runs the republican party. Thomas b.
Reed voted for the approval OF the
Rothschild contract when he was in con
Sress l am not surprised that re2uoli-
cans do not like TO bear the odium Of the
present financial policy. They had
chance to repudiate 1t at st. Louis, but
instead Of doing SO, they said 1t must en-
cure forever, unless foreigners helped US
out. They tell IFS that if we use silver as
a standard money for the payment of ali
debts OF the government that gold will go
10 premium In France they have more
SILVER per capita than we have in this
country, and yet the French government
does not allow itself to be buildozed and
inundated by a few hnanc1ers.
here again Mr.. Clough Interrupted Mr..
hfyan, saying IT you want the people
10 have silver, why don't you give It to
1eem at the market value?'
Mr.. BTyan-Don't interrupt, my friends.
am glad to have questions asked. When
man Is defending the truth no question
can embarrass him. The gentleman asks
why we don't want silver coined az he
market ratio. | will answer first this
way: The men who object to free coin
tn nd faI IL oh pa
no, are not honest, because they would
not nave free coinage at any ratio. When
men md fault with 10 to /. they are put
ing up sham Dulwark, and when you
AHock that down they get behind another
one because, my friends. these men are
NOV in earnest. Let me answer it an
t oeher way: We are opposed to changing
inc ratio because they have driven down
.he value of silver bullion by one bad
t1"' and we are not for holding 1t down
oy another bad law
Another Reason.
Let me give you another reason for
40 rot changing the ratio" continued Mr.
bryan. IF the ratio were changed by
International agreement to 80 10 l. Instead
VI 10 to l, what would be the result?
lou would have to coin four billion dol
aLs or silver into dollars twice as large,
"hlch would be two billion dollars, and
mat would mean decrease of one-fourth
Vi the metallic money of the world and
r%lse the value of IA dollar, and those
VINO own dollars would profit by 1t.
everybody who owed a debt would
% injured by 1t, and that is why the ad-
Voca'es by a ratio of 80 to 1 are found
atnlons the money owners and money
e =. Our opponents are so afraid
VI SO-cent dollar that some-the employ
Wis OF labor-some of the manufacturing
len are going to pay their debts with
tSneap dollar. l am not sure but my
,,Ilehd Is one OF them--but whenever a dol
,ai gets cheap he can pay them twice
many dollars II he loves them as we'll
Ter Ter the election as he does now. If
1oIiar is once worth SO cents 1t is because
sne nrlces of commodities are twice as