The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-24

ARE becausc or III. many Who want EN-
nioyinfnt. and muSttnke Itat any price
70 save themselves and their families
from starving. n \ 4
With 10 wn ges, the unemployed labor
ers could buy neither food nor clothing
ahd me ~ mlnished demand would cause
the prizes OF grim, cotton and all farm
produsts 10 fall, az is already the case
even " small pahics; md such want.
huterin and misery would be entailcd
upon the llaboring classes, as We never
have Known before. KS
81 course all mortgages past due or. In
de1auItyFuuld be Immediately called In,
and Y not paid. foreclosed, and tho mort.
i,agers largely wiped OUT. d I;
II a. needless 10 say that ithere would
pc absolutely no money wii,iteyer 20
loan. FOR WHO WoULDLELiiND "a
HUNDRED CENTS. OR E,NrIN%g5 OR
%. IN OR DE LATER ON; TO 7. q Ell
!lsACfSI BUT, 53?Ss q, III
q Mr.. Bryan says he does not believe tho
silver dollar would 3depreciate 10 10
ccnts. Or atynll, but would continue to
be 100 cents In gold as now. "a is5
ar tho liver dollar under freefroinage
m TO- rniinlii worth 100 cents In gold D Il
~ alp afent that silver bullionimu boz
come worth 81 20 per OUNCE, foriitWorth
leRsi t,illlon holders would coin 1t FOR
The profit, and this process would con-.
stiiiiie unit no profit remained; that is
until the iv,iluesof the silver dollar was
Just the 80 me as the value o the bullion
IN IL fion The other hand. The, pfIcs Of
ailyer bullion slnot raised to 81 20 an
ounses Unjust iheritnbly drawithe value
% the silver dollar down 10 the vallic OF
the sbul Hon in itr-as bullion would be,
.s..t.
" To raise thc.yalle OF silver hullionit Ii
necessary tbraise the value Of the whole
world Isl stock of silver, which exceeds
four thousand millions OF dollars, from
{ eSb cents Us present price to 81 20 an
K Alra Bryan admits this. In his speech
afncceptaiicciIe said: We contend that
nee ahdlunlimtied coinage by the Unit
cd states alone viii raise the bullion
value OF silver Its coinage value, ana
thus make silver bullion worth 81 20 per
ounce IN gold, throughout the World."l
The qu estion, therefore. resolves itself
Into this--.Would the demand In the
United States forsilverdo over and
above, the present stock OF $i37, 000, 900 OF
them Treasury, statement OF October y
which we already have on hand, be suiil-
Client 10 double the value of the worlds
stock of silver? YtS
MI Bryan says 1t will, but admits he
can't Prove II, adding neither can you
prove that It won't. q, !
That Us his argument. He gives YOU
his claim and belief. and says that Is
Just ms good as what all 1tinanciers claim
and believe as neither can be proved:
and " is on this showing, AND ON
THIS SHOWING ALONE, that he asks
the American people to clect him. ana to
see u his belief won't come true
In Brooklyn, on September q, he said !:
You cannot prove by mathematics that
We can maintain n parity; neither can
YOU prove that we cannot.n I.
stortunatelyEwe are not RENTED to
ME- Bryan's! belief alone for our guild
unce. The United States has had some
experience inNtrylng TO raise the price OF
the world stock OF coin above Its mar
ket value. .l5. IA 4. aI5'is.lsi
In 1860. athe bullion In q silver dollar
was worth 81 03 in gold; and the gold
dollar. measured by silver, was dcprecI-
ated 3 per cent. Our minis were open to
the freeS coinage OF gold as well as of
silver.AED DID that raise the price OF gold
70 { parFwith silver? Not at all Az
though thesworld's stock of gold Ia much
smaller than 1t stock OF silver and al
though twas only necessary to raise its
price 3speri cent, VIC could mot accom-
. This lasted from 1884, to 1860 and down
70 1873 The price Of gold bullion wa
NOT raised the 3 per cent. and being The
cheaper currency. 1t drove the silver out
or circulation. And as no silver had
been In circulation for. over IS years, in
1873, after full debate. this coin was
omitted from our coinage list.
IN ll92. under. the ratio of Is to 1 I'm
force 1.-THE time). the bullion In n gold
dnllar WAS worth three cents more than
the silver dollar; and the silver dollar
measured by gold, was deprecated 4
per cent Silver being the cheaper,
drove gold entirely out OF circulation for
more than 40 years, I. c., until 1884, when
the government changed the ratio from
ID TO i, tos16 10 ], with the effect seen
above. = "A n, 6 = -
In 1850 we were a nation of over 2o.-
ooO. 900 of peopie, and had no silver on
hand. " Now VIC are nation of about
y. Oo0, 900 of people, but have 437, 900, 900
of silver dollars on hand I1# !.
with all our power in 1860. we were
unable toraise the bullion value or gold
put - percent how can we expect to
raise the bullion value Of a still larger
quantity OF silver not merely 3 per cent.
but more than fifteen times three. & e.
AZ per cent? 90, n! e g So 81 s.
1f.3with over 80, 0oO, 900 Of people In
1860 we had ~ been able TO raise the
bullion value 5of gold just 3 per cent
10 par hen being two and onc-third
tinles as great a people now as we were
then, we might expect to raise the bull
ion prices of silver two and one-third
times as high. that Is Z per cent. BIJT
HOWE COULD'VE EXPECT EI1yEN
THEN TO RAISE IT'S PRICE NOT
SEVEN CENTS ALONE, BUT MORE
TiAN$SFEiT1AIES SEVEN, THAT is
FOFTY-SEVENSC CENTS? ESPECIAL
LIZ WHEN THE ONLY POWER WE
HAFEfT RAISE, IT WITH is OUR
DEMAND FOR SILVER DOLLARS,
AND THAT ALREADY
SUPPLIED TO THE EXTENT OF
S;31, 900, 0JO2 - l.. 4,
YetIunless the price OF the worlds
Stock sof slyerSifs nearly doubled, the
price 2ttbulll3nS must. as we have seen
lNENITABLYESPULL THE VALUE
OF 5'ft3E%S1LVER DOLLAR DOWN,
as hu!lions,Would be coined as long as
there was a profit, l. G., till the, values
met. KY III q
History AgnlnstiII,n,.
Air. Bryan has presented his beliefs
on this subject. 5g 81
Opposed 10 them stand facts and
history. And not merely history, Of this
country alone, but OF all countries.
Wnen8t THE mint was first opened the
increased demand would Undoubtedly
raise the price of silver bullion some
what, but when this demand was sup
piled (thelSva!ueG or the silver dollar
having been brought down to It's bull
Ion valus) It's evident that with the
continued supply and diminished de-
maHd, the price must fall off again: S=