Omaha daily bee., 1896-05-17
GOLD IN I'll HANKS AND VAULTS.
MIR. RoseNntcr Presents nm Array or
INfrura

The honorable gentleman has taken upon
himself to contradict the statement Of tho
secretary Of the treasury OF the United States
as to the amount of gold In the bank vaults
and the subtrcasuries and in circulation in
the United States. and he has called upon me
to give him the definite figures. Wen, | do
not think that l am called upon TO do any
thing of the kind. Even If | were to do II,
| am no better authority than the secretary
Of the treasury. Any man might come here
today and contradict the secretary of treas
ury concerning the amount of bonds, con-
corning the amount of money in the treas
ury, concerning the amount Of money in the
various national banks. He would have Just
as much right to contradict him as Mr.. Bryan
has in regard to the volume of gold In the
country. But suffice it to say, that $780,
900, 600 in gold was offered to the government
of the United States. | believe. from various
sections of the country, and | remember
some from the city of Omaha, where there is
supposed to be so very little money.
Now, then, If there was $500, 900, 600, or
even $500. 600, 1000 in gold in the hands OF
private citizens and in our banks. ready for
loans to the government of the United States,
| take it that the statemen of the score
tary OF the treasury is unimpeachable. But
what Of that? The fact remains and cannot
be disputed, that we have today a per capita
of at least S22, and that is larger than any
we have had since 1873, and yet prices have
been going down. But what does it matter,
any way, this per capita?
APOSTLE OF HARVEY.
This humbug that has deluded so many
people. Surprising that ten men in this city
had $40, 900, 900, and 100 men 81, 900 each,
that would make $40. 900, 900 and sl00,O 600 in
the city of Omaha. What would the per
capita be? That would allow only a very
small per capita for the balance of the
people in Omaha. 1t is all rot about the
per capita talk. The effect that the per
capita volume of currency has on prosperity
and better prices is a Pigment of the imagi-
nation. 1t cuts no figure.
We have been told here, of course, that
Mr.. Sovereign, who imagines himself the
sovereign of all America, that Mr.. Sover-
eign, says free and unlimited coinage OF sill
yer is the true remedy for national calamity.
| have also heard that Mr.. Powderly has
something to say on this subject. But what
do these men know. How much time have
they given to the study of national finances
beyond surface thoughts and parrot repeti-
ton of what other people say when we trace
them down.? All these men, greenback-
ers. every one of them, and they are blind
apostles of Harvey. Like most every other
leading agitator for the free and unlimited
coinage of silver, they do not believe in
silver at all. They believe in nothing but
paper money, and it is only the wedge by
which they wish to drive the fatism to the
front. They believe that a stamp upon a
piece of leather or paper is as good as a
stamp upon a piece of gold, and they do not
believe in the primary money theory at all.
So this talk about the Sovereigns and Pow
derleys will not deceive the intelligent work.
ingmen when they come to vote this fall.
They will show the Sovereigns and Pow
derleys that they are more intelligent and
conservative than they are supposed to be.
That is what will happen at the next COM
ing election.