Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-09-13

taking up the Republican assertion that
the people purposed by enacting FREQ silver
laws robbing tho creditors with 4 i00-ccnt
dollar. said they never said any
thing about the creditors robbing the
debtors with a 2o0-cent dollar.
After laying down the proposition that
approaching money meant depreciating
property. Mr.. Bell entered into a discus
sion of benefits to be derived from the
cnaction OF frce-silver laws. The money
OF this country. he said. Is new at r.
standstill. and there Is just enough gold
here to supply the arts and manufactures.
The population is increasing at a yearly
ratio OF from to per cent. In conse-
Euence there were more and more people
each year to bid for the dollar. and its
value Is naturally appreciatins. and. con-
versely. property was dcpreciating. Tho
Introduction of silver on a parity with
gold would stop the appreciation OF
money, and hence put n stop to the depre-
citation of property. The coming OF more
money would cause prices TO rise, and
circulation would soon increase. as those
bankers who have their money tied up
In bonds or locked up In safety-deposit
boxes would be quick TO get IL out, and
put II In something that was going up in
value
GOES FOR Mr.. INGALLS,.
'J understand that Mr.. M. r. ingalls,.
president of the Chesapeake and Ohio
railroad, was here a few nights ago. and
tried 10 FIJI you full Of, sound-money no
lions. and that he said his only interest
I'm the case was that he would have to
nav his laborers In 53-cent dollars IL Bryan
was elected. Now. you know that If he
believed that he would be for free silver.
When ingalls, goes around and advises
the railroad-men to vote for sound money
and the single standard OF value. he is
simply advising them to cut their threats.
Why, the very thing he Is decryng would
help his railroad An increased money
would put the prices of produce up. and
naturally the farmers would produce
more. The railroads would have mora to
haul, and ingalls, would be able to hire
more men and pay they well, too. AT
least II he had TO give them 81 53-cent
dollar. he could give them extra work,
and enable them to make plenty OF them.
as his business would justify 1t.
"a man cannot live without blood, and
this country cannot prosper with all It's
money tied up in banks. The circulation
of blood through the system makes life
and the circulation OF money makes bust
ness. sherman, the man who demone-
tized silver, admits that the proposed
free coinage act would benefit the farmer.
Then If that be true I contend that 1t
would benefit the whole 100000 people
II the farmer can get more for his pro-
duce. Mr.. ingalls, will be benefited there
by, because the farmer isn't going TO ship
his wheat unless he can get more than the
cost of producing It, and If Mr.. Ingalls,
is benefited. his zeal in behalf Of the
laboring man will prompt him to see that
the benefits rebound to them. The con-
d!tion of prices in this country Is said to
be caused by overproduction OF staples.
That is not true. Underconsumption is
the trouble. and this underconsumption
is caused by lack OF money. The people
want the staples out they haven't the
money with which to purchase them.
WILL NEVER HAVE INTERNATION-
AL AGREEMENT.
at is claimed that there is too much
silver bullion in existence to put that
metal on a parity with gold. There is
not s25,OO0.0O0 worth of bullion in ex-
istence. The majority of this is in France
and England. France is coming hers at
q ratio of 10 1-2 to /, and she would not
be likely to send any of hers over here 10
be coiIied at a lesser ratio England can
bring her silver over here II she wants to
and we will coin IL for her, but when she
takes IL back to England without an In
ternational agreement and that we will
never have, IL will be nothing but bullion,
and she will have to bring 1t back and
have it all coined over There is only
one way in which she could avail herself
Of the advantage of getting rid of her
silver. and that Is to bring her bullion
over here and have 1t coined and then
spend the dollars in American goods.
ri. f,1 raar
here. We would have to produce more
goods and our workingmen would all
have Jobs and chance TO make money.
81 can't see why they claim that over
production of silver caused II TO decrease
In value when IL is well known that when
The metal was demonetized a silver dol
lar was worth s1.03 in gold. They say
that overproduction is what reduced the
value of the metal. 1 say its reduction
was caused by it's decentralization. as then
the demand for It was materially de-
creased. Gold has no intrinsic value.
There is no such thing as intrinsic value.
The value of everything is regulated by
the demand for 1t. Air is valuable. but
II has no price, because the supply is
unlimited ] dare say that the Wall
street kings would get a corner on 1t II
they could and would soon box all Of
the oxygen and demand high price for
IL. II they had their way we would nave
TO pay for the'wind or smother to DEAN.
"Suppose all the gold should go TO Eu-
rome. as the agitators claim Will be the
case II free-silver laws are enacted, ac-
cording 10 the cumulative theory, that
would increase the, money there one
third and prices over there would go up
accordingly. We would gain by mat,
wouldn't we? That's our market
CALLED UPON GOLD-BUGS.
Mr.. Bell. at this juncture. announced
that he was about through his address,
and called upon any gold-bug in the au-
dience who desired to be enlightened on
any subject to ask any question he might
desire. He waited some time while the
crowd cried aloud for Mr.. Joseph Bryan,
but no Questions being forthcoming, he
said: II don't believe God Almighty ever
made the human intellect that can de-
fend the gold standard against silver
advocate. Is II possible that Richmond,
who boasts of her 200 unterrified boilers,
has not one who is willing to stand up
for the cause he has espoused? where
Is the Richmond Times? Why don't they
come forth.
card was handed to Mr.. Bell at
the moment he uttered these words, and
he read from IL the following interroga-
tory. "why has free coinage since 1873
not affected prices"
Because we have not had free COIN
age" replied the speaker.
He then turned to the newspaper men
and said: l want you to note that i
have thrown down the challenge to any
gold man In the city to face me, and
none dare accept. I can only draw the
conclusion that old Richmond will roll up
In NnVamhof
Bryan and Sewall."
The. sneaker concluded his address In