The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-11-20
STRIKING STATEMENTS.
organs Arguments of Last Year
Are Proved TO Be Unsound
Theories which Have Not stood the
Test OF Time-Present Condi-
lions Controvert Free sill
yer Claims.
Especial Washington Correspondence

ment during his brief tour in Ohio has
revived interest in his theories and as
sertions of last years campaign. There
Is especial interest In seeing how they /
have stood the wear of year.
Somebody has taken occasion, in view
OF his renaissance of Organism TO look |
M some of his assertions OF last year
and comment on them in the light OF
present conditions. Here are few OF
the extracts from his speeches Of 1896
and the comments upon them:
This conspiracy which we have 10 NEST
Is n conspiracy which has Tor It's uitlmtLe
object the striking down OF silver as one
OF the standard moneys OF the world. =
Syracuse Speech, 1886
Mr.. Bryan assumes that this con
spiracy" has been In active operation
Lince 1873. Yet, according 10 the direc-
tor OF the United States mint, there -
more than double the amount Of silver
money in use in the world to-day than
there was in 1873, and practically all OF
/ IL is full legal tender. Director Pres
| ton estimates the amount Of silver
money in the world in 1873 at Sl,Sl70OO,-
600. while to-day il Is $4,000 100000. IL
] this is the result of conspiracy" OF
"a years. would il not be well to let the
Conspiracy" go on?
I'VE complain OF the gold standard he
cause an increased demand for gold has
raised the price Of gold and lowered the
Il price OF all those things which exchange
FOR money "-Bunalo Speech. 1896.
How can there be an increased de-
mand for gold when gold, silver and
paper money as well as bank exchanges
| IA
the population in the past few years.
The increased ease OF producing both
gold and silver has enormously in
creased the quantity Of them offered 10
the public. According to Mulhall and
Preston there are nearly six times as
much gold and twice as much silver in
the world to-day as there was so years
ago Does this look as though there
was can increased demand for gold
which has raised the price Of gold"
"Our opponents cannot ignore the fact
that gold Is now going abroad In spite OF
all legislation intended TO prevent IT, and
that no silver Is coined 20 take its place -
Madison Square Garden Speech, 1886
In the fiscal year 1897 the imports Of
gold were S44, 653, 200 in excess of the eN-
ports Of that metal and the flow Of gold
from Europe TO the United States re-
Gently became 50 great as TO alarm
The financiers Of that part OF the world.
I'VE believe that the free coinage OF sil-
yer VIII bring gold 10 this country. and
that, too. without the aid Of syndicates. -
, Speech at Syracuse. n. Y, 1896.
If that is the effect Of the free coin
] age of silver. why does II not do so in
tie countries which now have free coin
nv. 400 Hpy s
, had free coinage of silver for many
, years, yet gold does not appear to be
drifting TO them.
"Bimetalllsm Is Endorsed by human his
! tory Tho gold standard has nothing "a
Indorse 81 except the misery which follow
wherever II has been tried "-Cleveland
, / Speech, 1896.
! The sort Of bimetallism which Mr.
, Bryan proposes is that sort which pre-
walls i'm Mexico. South America Contra
America and China. The people of Mex
= leo have per capita OF money in circu
I lation amounting 20 Ss.41 those oi
r Central America, $500; those Of Soutf
y America. LOG exclusive of their ire
Y deemable paper money!, and those oI
o China. s2.Os. The gold standard coun
3 tries have a per capita circulation o.
: from $40 TO S34 each, and include al
the most enlightened and prosperous
nations Of the globe.
''The advocates Of the gold standard hav
never dared 10 submit that standard 10 IN
arbitration OF the ballot. '-Columbu
Speech. 1896
There have been 3 national election
FOR congress since the act whicl
dropped the silver coin OF the Unite'
States was offered i'm congress. ii
every one Of these the people have ha'
full opportunity TO exercise the ar
bitrnment Of the ballot upon this ques
ton. and they have never elected
ma iority of a congress in favor OF ne
ycrsing the proposition OF that act
Why does Mr.. Bryan say that II hasn'
been submitted 10 the "arbitramen
Of the ballot?" The silver mine-owncr
have for quarter OF n century bee
urging the people TO submit the gol
standard 60 the "arbitrament Of th
ballot upon IL. and they have eN
pressed themselves every election q
members Of congress by refusing (
send 10 the house Of representatives
majority favoring the free coinage OF ST
yer. and last year favored IL 10y refu'
IA ING To elect n president fayoring thu
= proposition.
in "rhc republican party has been leglsla
le inr 10 make tho dollar denr SCI
~, ntor sherman said January 20 1890: ~ o.
- | present currency Is estimated az N4R
"a 000.0O0 and our population Increasing
az the rate Of three per cent. per annum,
"a would take so 900 Increased circulate,
=. each year 10 keep pace with the incrcas'
- population What provision h'
So tho republican party made Tor the supp
az on the money we necd2 None whatever
~ Greensboro ~. % speech. 1896
-, There was added TO the metallic ca
:, rcncy OF the country last fiscal ye'
~ 500 .o50.00i. or li2 per cent. more tina
- sufficient 60 keep poce with the j
- crease OF the population"
-, On the whole. II would seem TIT
= most of Mr. Bryan's statements are a
/. sNernble.-C. d. King.