Evening journal., 1896-09-22
v. ]. BRYAN HERD
Continued from First Page.

not believe our people can travel as
cheaply anyhow as our opponents can
during this campaign. [Great cheers. ]
Il want to talk to you a while to-
night about the financial policy OF the
government. ] have an old-fashioned
idea that the people have a right to
select their public servants, and that
those public servants should conduct
the government as the people want
that government conducted.
II you want to employ a man TO do
= certain kind OF work you want TO
know that the man is able to do the
work that you want done, and that he
is willing to do the work that you
want done, and then you employ him.
And so II is with a public Office. You
want to find out first what you want
done, and then you want TO find out
who is the best person TO do the work
In manner in which you want Il done.
[Cries Of Bryant Bryanll
THE TREASURY DEPARTMENT.
Il want TO tell you how we believe
the work ought TO be done. and then
you can decide whether our way is
your way. The Treasury Department
Is an important part OF our govern
ment. II has TO do with our financial
system, and / ask your attention to two
features OF the financial question:
First, what use shall we make OF the
silver dollars already in existence2 ?
Second, shall we have any more silver
dollars put into existence? In the first
place, our silver dollar is not redeem
able in gold by law Our silver dollar
Is a legal tender for all debts, public
and private, unless the contract ex-
nrauuIW QxaIttdar no s.4I. AL
government has a right to pay every
coin obligation in either gold or silver.
whichever the government desires.
IApplanse.l
WHAT SHALL WE DO WITH Sill
YER.
Furthermore, this government has
no gold obligation except gold notes.
and for every note there is gold dol
lar 10 the Treasury ready to pay il.
This government has no gold bonds.
This government has no paper out
standing, excepting the gold notes,
upon which gold can legally be de-
manded. What use shall we make of
the silver dollar2 The Chicago plat
form declares that the silver dollar
shall be used just as the gold dollar is
and that the government shall not dis
oriminate in favor OF one or against
the other in the treatment OF the coin
IGreat applause.l
Il speak OF this because all the con-
ditions Of which we complain are
brought about by the failure OF the
government to exercise its right to re-
deem its coin obligations in either gold
or silver. fteet
DECLARATIONS IN THE PAST.
IF you will turn to the language OF
John Sherman, in 1878, when he was
Secretary OF the Treasury, you will find
that he admits that the greenbacks are
legally redeemable in silver If you
VIII turn TO the Matthews resolution
passed through both houses in 1878
you will find that that resolution de-
clares that the United States has the
right to pay all coin obligation IN
either gold or silver.
IT you will turn TO Mr. Carlisle's
testimony before the Committee on AID.
propriations OF the House OF Represen.
tatives, on the 21st day of January
1895, you will find that Mr.. Carlisle ad
mitted that by law the government
could redeem greenhacks and Treasury
notes in silver, but Mr.. Carlisle said, il
his judgment, II would be unsafe foi
the government to exercise that right
because other Secretaries of the Treas
ury had established a precedent, ans
that precedent was that the note holder
would be permitted to designate thu
kind OF payment instead Of the gov
ernmont
BOND ISSUES UNNECESSARY.
Il law this down as a ground work
because, my friends, the issue of 1862,
100000 OF bonds was unnecessary
Those bonds were issued simply be
cause the Secretary refused to exercis
the right given by law and preferre
20 saddle a bonded debt upon thi
country instead OF departing from Gus
toms. lCheers.l
More than that, my friends. not onl
has the Secretary OF the Treasury is
sued bonds to the extent OF 1862 .0O0, 90
TO buy gold when the necessity for buy
ing gold could have been avoided b
the use OF silver. not only have thos
bonds been issued, but there is no en-
20 the issues OF bonds IL this financif
system continues, and the Republica
party propose to continue the sam
financial system that has cursed thi
country for the last twenty-three year.
IGreat applause.l
Let me show you what is possibl
under this system, because / have S
much confidence in the ability and ps
triotism Of the people that believe
clear understanding OF the manipuls
tion OF the Treasury for private gal
by the great syndicate formed for III
purpose would open the eyes Of th
people and arouse a unanimous protel
against it.
THE FIRST ISSUE OF o,o00, 900.
THE FIRST s5o,ooo,oo0 Of bonds wei
advertised for and the advertisement
stated that only gold would be receive
for the bonds. Suppose the man ha
gone to the Secretary OF the Treasur
with $1,000 in greenbacks and Treasur
notes and said to the Secretary:
want to buy $1,000 of bonds The Sc
retary would have said: we can't sc
you these bonds for greenbacks an
Treasury notes. These bonds are il
sued to get gold AMI therefore We ca
only sell them f.ir gold The ma
would say: Well, II you wont Sc
them for greerDacks and Treasur