The times. [volume] (Richmond, Va.) 1890-1903, 1896-09-03

though some men succeed, ana many
tail. this Is the lot Of life. ana no can
did.te for the presidency has ever dared
before 10 use this fact TO arouse man
against man and 10 kindle the fres of So
cial discomfort and disorder. Proud az
we have been Of Americas material pros
poritv. we have been prouder stili OF
the self-relant. independent, and sensible
spirit Of her people. When foreign crit
les have told rs that Democracy here
would some day prove a failure, that uni
versal suffrage would lead 10 anarchy,
that class-fceling would be e~ngendefed
which would result In not or inc coiiis'a,
ton OF property. We have laughed. and
have pointed TO the sturdy Amcricanism
on our farms, 10 the Influences Of our
public schools. 10 the respect TOT law
and order in Om cities TO ire examples
Of sclf-made men IN every family, 10 the
educating Influences OF our press. to the
FITNESS and %brosdness OF our CHARITIES.
and more than all TO the sold PATRIOTISM
Of our people. ! believe that we can
still depend on these. Bad as the lines
are. s~tagnant az industry IS. distressed
as many homes are for lack OF en-
ploymcnt. the common sense Of the Amer
lean people will not De deceived hy np-
pcals TO passion. hut viii perceive clearly
what is the truth. namely. that present
| conditions are largely caused. 10Y by
the influences against which Mr.. Bryan
IN lurid words declaims. hut by rear
Of the very rcmcdics which he. suggests.
When this great shadow which he and his
associates have created passes of the
] surface Of the financial and Industrial
| world. then confidence will be restored.
money will seek investment. factories
will be r%eOpcned, ana employment VIII
be secure. There can he no prosperity
without confidence. and Mr.. hryans pan
| skaters confidence. and portends business
failures and panic. These mean more
mon out Of employment. more homes with
out food and clothing. more misery ana
distress.
CALLS TT BIMETALLIsM.
All OF Mr.. Bryan's spcciOus pleas and
arguments for silver aye based ON the as
sumption that the free coinage of liver
los the United State alone would establish
and maintain bimetallism-the parity Of
gold and silver at the cNchangeable ratio
Of l6 TO /. If that assumption Is moor
rect or ill-fOunded. each Of his arguments
falls TO the ground ana every one OF his
predictions loses its force. Not one word
has he uttered IN advocacy OF
% silver standard. Not one
word does he dare utter in behalf Of a
silver standard. lie VIII dcclaim by the
nour against the evils or Eold monomtt-
allism. and nearly everything ne
says on that subject is equally applicable
10 silver monometallism also. Bimetal-
ism is a. genuine Democratic doctrine. but
bimctallism can never be attained by
the men who dominated the Chicago Con
vention or bv the method implied IN the
Chicago platform. There Is reason TO
doubt whether the forces which con-
trOlled that convention even desired to
accomplish hiwetallism. The word bi-
metallisln does not appear in the platform.
The convention hv am overwhelming vote
| rejected a proposition pledging the Gov
| eminent to maintain tho parity OF the W
! metals. The disposition or the conVcn-
tion. as indicated by its expressions and
its actions. was towards silver monomct-
~ ~ Anf 49, O.
well might the Ark OF the Covenant have
been entrusted 10 the Ph'istines as 10
entrust the cause of bimetallism TO the
revolutionary horde behind Bryan.
II is not a difficult task to show that
under present conditions free coinage OF
silver by the United States alone would
result in silver mOnometallism. Foolish
experiments in that direction nave al
ready caused the loss Of a great part Of
our gold from circulation. Part or II
has gone abroad. withdrawn from invest
ment I'm our industries. and part has been
! boarded for the day when II should bring
n high premium. our Government can
get none except by increasing the national
debt and the burden of taxation. About
SlO0.pC0000 in gold Is in the United states
Treasury to support the parity. not alone
Of the 1916. 600. 900 of greenbacks. which was
its original function, but the six num-
bred and twenty-five millions OF silver
currency. which has been issued since.
That fran foundation has been trembling
since 1890. with the additional weight PIT
upon 70. Only 10y heroic means has the
Government been able to prop up the I'm
mengc supcrstructure. But even the pros
poet Of unlimited silver coinage, under
present conditions. would make that foun-
aatiOn disappear as If In a quicksand.
and YOU and ! and every man who has
property or wages would INA their value
changed from a gold to a silver measure.
THE EFFECT or FREE SILVER.
NH. v.,trI L.. fI. .avF4ff. result sT inn
posing sucn an additional burden upon
me Government. out when with that IN
view, we consider the disposition Of for
elgn governments 10 strengthen tnelr gold
rtserNe s, and the suspension OF Tree SILVER
coinage in india, which mas heretofore
bten me WOrlu $ sink FOR all ITS surplus
silver. but II so no longer. the conclusion
is inevitable that We would be reduced
10 Il silver lasis and to IL very cheap
silver basis At that.
such "a change oil standards. such a re-
adjustment OF values, not only in the
Tear wnlcn they would excite, but IN the
actual injury and injustice they would
produce. would DE the greatest CONNER
cal and industrial EVIL imaginable. II
would mean in the nrst place
the withdrawal Of hundreds OF mil
Hons Of foreign capital invested ih our
Industries. Sheer as Mr.. Bryan may at
our depcdence upon ioreigt, gold the
bare TACT remains that without II the
NAAAAAAA- Vi DNA HA|Na AAANAN"Af NAN l|"'
ing of our great farm areas. the develop
ment OF our mines, the building up or
our industries, with all the stimulus 10
prosperity which these rave becn-would
nave been delayed many years. Foreign
gOlG-tO Mr.. Bryan's distorted vision and
demagOgic mind,a species OF yellOw-fever-
what is it but capital that gives work
and wages TO our citizens, ADDS 10 the
product OF our factories, makes neccsSl-
ties ont of the former Injuries OF iile,
Increases the comforts ond con-
venienccs of living. adds 10 our
| countrys' wealth and prosperity.
until finally We will be rich enough and
PROSPEROUS enough 10 send part of our
CAPITAL TO other less fortunate or adj
vanceG nations ana perform the same
good mission, selfish though IL be, Tor
other people. Who would reject II be-
cause II comes. Is some OF II probably
does. from the dr0nes Of Europe what
better use can the accumulated wealth
Of Fngland's ar,stocracy be put than to
build up American industries?
The withdrawal Of European capital
would still further depress values and
encourage panic. So large a proportion
o. our business IS done on credit, and
credit is such a slender support. that
when credit is attacked. II matters not
how much money there may be i'm tho
country. II will avail nothing TO prevent
the contraction Of loans and the refusal
of accommodation. These mean business
failures-lOsses. sacrifices % prices, dimin-
ished demand for commodities. closing
! mills. lack OF employment, poverty. and
| distress. Against the progress of this
certain carfee of events no man nor mems