The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1896-09-17


lpi, loaned cut about onc-half u the money
deposited with Thorn on real estate mortgages
and invested the other half In United states
bonds, state county and municipal bonds and
railroad and other bonds and stocks. The In
ycstmcnts Of the Me insurance companioi
were about proportionatoly the same. The I'M
vcstmcnts IN real estate mortgages arr always
preferably IN large amounts, ON property b.
longing Co comparatively wealthy persons u
o. business corporations. Thus the debtors 20
hcso creditors belonging 60 the toiling masses
ar tho United States states and municipalt
tics. railroad and other corporations and Per
sons very much richer than tho creditors
Here We have, then, rich debtors owing %
many millions Of poor creditors thousands q
millions Of collars.
The silver orators pretend that they have ne
t0lling masses greatly at heart and that free
coinage b. Co DO introduced mainly for thcif
benefit How do thcy tako care q the toilini
masses In this easel by bringing us dowu
upon the silver basis thcy simply cut down
The thousands u millions ~ invested savingi
Of poor people 20 about DcCnts on the dollar.
And Tor whose bonoht IL this donoi For the
benefit % the debtors Of these poor people, wht
viii gain about 81 cents ON the dollar. And
who are theyi Aside from the United States
and the states and municipalities, those
debtors are railroad and other corporation
and more or less rich men, whom our silvei
friends profess 90 ahhor very much NJ belong
iug o. the money power Thus will the
silver standard bleed the poor creditor Tor the
benefit 10 tho rich debtor. May not the toll
ing masses pray heaven 90 deliver them Of The
free coinage irieudsi
How the Peoples saving. WIN Fare.
And what have these friends 10 say In THEFT
own dcfcnsci will again let Mr. nryan's Ncv
York Grafton spoak. He says first, with regard
O. the insurance companies, "sinco the total
premiums received exceed the total losses paid,
q rising standard must be- Of more boncht q
the companies than 10 the policy holdcrs
How wisel And that the COMPANIES may mol
have this btuolt be proposes by the silvci
standard 90 strip the policies Of the policy
holders ~ nearly half their value But doe;
not Mr. Bryan know that most Of these com
pauiUs are mutual insurance., and that what
benefits or Injuries the companies Therefore
benefits or Injuries the policy holdcrsi
As 90 the saving bank dcpositors be says
Under gold standard there Is incrcasini
danger that 'hc savings hank depositors viii
lose their deposits because uf the inability Of
the banks 90 collect their assets. Aud e
avert this danger Mr. bryan advises poleJ
which w0-ld, hy the Introduction 81 the silyei
standard no ones cut down the value % thost
assets tl W cents CA the dollar. He furthoi
says. "li the gold standard j. 90 continue IN
definitely, The dopositors IN savings banks may
lo compelled 90 withdraw their deposits Ia
order 90 pay living expenses. Indeed 10 h
70 remarkable fact that since issa the year of
the great crime, until lsi during the period
when we had 90 suffer Oh the cslamitie- uf ne
gold standard, the deposits in savings hanks
have, instead q hCiug Withdrawn for living
expense incrcased- positively increased
la al NrHa
hayr Increased still moro hal 10, .ois. ,iof.osit
or Withdrawn their a,pcsits not for Twin,
expense, but 70 send them 10 Europe for safe
90, gut-5s tho way q Mr. Bryan and othci
=, sends of the toiling masses. They viii M
doubt bring that money back ~ soon a. Mr.
Bryan Is beaten.
Let us 50 on. Almost every man In acilv,
] business lsn debtor and creditor at the SAINT
] umt-cycry merchant every manufacturer
/ e creditor 60 his customers and a debtor q
thu.p from whom be- buys 1T Mr.. Bryal
/ bring 0n Dis panic, and hundreds u not thou
sands 81 thym, although ever - sulvuns undo
] ordinary circumstances, will hruak hoCAus
/ they cannot Jay hat they owe, icing unahl
] o. collect what o. due them.
"Cheap Money" Taiiaclcs.
/ Bat We are told that the Bryan panic oanno
] last forever. that finally tho business u ID
/ cauatry will adjust itself 81 the silver hasis
/ that then unrest win cease, and that cunildOno
and prosperity win return. No. The unrcs
| will noe c,ur, Tor with the establishment q
D thp silver basis viii somu the disappointment
. % tho-c who brought % on.
Tho ultimate result d not az all uncertain
\ Aft.ra period ~ infinite confusion, disaster
| humiliation, suffering and misery the Amer
I team people t.iN 90 lasi regain sanity o. min
and arrive ae1iu no SOME very simple conclt
si0us That, % you call a peck hushOl, 80
viii have moro bushels, but not more grain
% SOU call foot yard, you will have moi
yards. but %, tmoro cloth; " you call squaT
ROD an acry you will have more acres, bu
not moro land. and II you call ~ cents OF
cent or "a ~ paper. a dollar, you wi
have moro dollars, but not moru woalth-ii
decd, "a great deal less chance for wealth, q
YOU will have Tar les credit, because far lol
honesty. Wr shall then have learned agai
that the wit uf man cannot-althuugh iusanit
tries very harl-inycnt AN economic systcl
under which everything you have 90 sell wi
De- dear and everything you have a. buy vi
be- cheap Aud having got bold ~ these YER
very simple truths, the American people vi
thpn in sackcloth and ashes repent of this u
sane free coinage dehauch. They viii th,
recognize how wise the great civilized uatiuI
wtr, boz adopting the only money iu our dal
commerce ns their own money. We shnll this
De- sufficiently cured Of prejudice 10 obscr'
that under that monetary system those nj
tions have ON the whole pruspcrcd, notwit
standing serious evils and drawbacks undl
/ which We do not labor, and that the rate u d
forest Is lowest where the gold standard h
existed longest We shall then understand IN
tisa good thing 20 have the neccssarius
7 life boz plenty and cheap; o. have wages risii
aud payable in money that docs not docoiy
, Co have capital inspired with confidence In u
value of money, and therefore eager 30 80 o
in investment OF enterprise. We shall th'
readily acknowledge how foolish We We
from the very beginning u our silver oxpoi
mouts in throwing away our gold Tor silve
I hy which We lost confidence, credit and pro
porlty. Chastoncd by adversely, We shall th'
q DO longer be- tempted 90 repeat such nonscns
+ but with lahoriuus and painful cffort We shI
T, work our way hack 20 that money standa
which will insure stability and confidence
. home and enable ~ 60 trade with The nAtiu
Z of thu world un equal terms.
10 l. not my hahit 60 llunst OF a warm hoa
Tor the poor and suffering But my sympatl
: b. 90 less sincuro because do not carry n
love and sulicitudo for the common pcur
: constantly At my tongue. end. II there
those who aro satisfied with everything th
] exists am not me OF thrin, ANttt arr lew
I any. who ahhur THAT which may properly
I" called plutocracy or dctost the arrogance
(. wealth more heartily than do. know, ais
IS that the industrial developments Of our tt
10 have brought hardship o. sumo classes VI ~
pic which only The more sagaciuus, active III
energetic among thom have bcen able
1 cuuntorhalancc probably with its honch
~ Thrro are laws and practices which, had I
r power. l would promptly change, In the ints
u ct OF common Justice and equity, But
j. cNuso am so minded ! must Oppose 10 q
" utmost policy w-ich / am convinced, "
!" immcasurahly aggrayatv existing evils. ! nj
10 know full well that a large majority 81 tho
" who support FREE coinage arc honest and ".
I. meaning citizens, wiAing % do right ~
u hcCausr know this, my blood stirs with
~ diruation when sce tho inscriptions efior
made % ruad them IN a. their dcsiructin
y have witnessed In my long life ten pres
O. dental campaigns, but never one IN which q
D appeals o. prejudice passion and cupid.i
. were so rockies. and the speculation upon n
, sumud popular ignorance or rarcality NJ NJ
daciuus and wicked. some Of the silver or,
. tors actually speak a. u they believed a
, American people 20 b. born fools or knAvU
or both
q sectional and Glass Prejudice.