Daily independent. [volume] (Elko, Nev.) 188?-1915, 1896-08-14
BRYAN AT NEW YORK.

mslly notified Of his nomination for
President at Madison Square Gar
den Wednesday night. Over thirteen
thousand people were crowded into
the vast building. The reception ac-
corded Democracy's leader in the
heart OF the enemy's country was the
greatest political demonstration that
ever occurred in this country. Gov
ernor Stone Of Missouri made an elo-
quent notification speech and at it's
conclusion bedlam broke loose and it
was fully ten minutes before quiet
was restored sufficiently for Bryan to
speak. His address was masterful
presentation of the issues presented
by the Chicago platform. He cap
tured the people in the citadel of the
gold-bugs by his forceful logic and
his mastery eloqusnce. Below will
be found a short extract from his
speech in which he answers some OF
the objections TO free coinage:
flour mints are opened to free and
unlimited coinage at the present ra-
ito, merchandise silver cannot come
here because the labor applied to il
has made it worth more in the form
OF merchandise than it will be worth
at our mlnts. We cannot even ex-
pect all the annual product of silver.
. because India, China, Japan and
Mexico and all the other silver using
countries must satisfy their annual
needs; from the annual products the
arts will require large amount and
the gold standard countries will need
a considerable quantity for subsidi-
airy coinage. We will be required to
coin only that which is not needed
elsewhere; but if we stand ready to
take and utilize all of it, other nations
will be compelled to pay at the price
which We fix. Many fear that the
opening of our nlints will be followed
by al enormous increase in the annu-
al production of silver. This is con-
lecture. Silver has been used foI
thousands OF years, and during all that
time the world has never suffered
from an over production If for any
reason the supply of gold or silver in
the future aver exceeds the require
ments Of tie arts and the needs of
commerce, we confidently hope that
the intelligence Of the people will be
sufficient to devise aud enact any
Legislation necessary for the protection
of the public.
1t is folly to refuse to the people
money which they now need for fear
they may hereafter have more than
they need. lam hmly convinced that
by opening our mints to free and un-
limited coinage at the present ratio
we can create II demand for silver
which will keep the price of silver
bullion at S1.29 per ounce, measured
by gold.
Some OF our opponents attributed
the fall in the value of silver when
measured by gold, to the fact that
during the last quarter Of century,
the worlds supply of silver has in
creased more rapidly than the world
supply Of gold. This argument is
entirely answered by the fact that
during the last five years the annual
production of gold has increased more
rapidly than the annual production
OF silver. Since the gold price Of sill
YER has fallen more during the last
five years than it ever fell in any
previous live years in the history of
the world, it was evident that the fall
is not due to increased production.
Prices can be lowered as etfectually
by decreasing the demand for an
article rs by increasing the supply OF