The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-02-26

friendliness, but with all that generos-
| ity of spirit used by his friends during
| the last campaign when they called
! him lunatic.
| He said that the only definition given
for the last three years by goldbugs for
an honest dollar was a dollar which
loses none of it's value when melted,
This, he said, was childish. If the
melting pot is the only test, then the
Mexican dollar is honest. 1t doesn't
lose anything by melting 1t is worth
the same in coin as it is in bullion.
| That definition leaves out of considera-
tion the only important thing in the
dollar-that is, the purchasing power,
| wherein is found the test of honesty.
This fact is recognized by every politi-
cal economist, that the dollar which
rises in purchasing power is as dishon-
! est as the one which falls in this pow
er One helps and the other hurts the
creditor. We hear only praise for the
one which rises, because we only hear
those talk of it who are benefited by
| the rise
We will never have an honest dollar
until we get a volume of currency
which keeps pace with the demand for
money a volume of currency of which
the purchasing power is the same now
and forever We can secure this hon
est dollar by having a money of which
| there is enough to meet the demand.
Quality is as necessary as quality
with money as well as with food. Gold
is of excellent duality, but it's quantity
is not sufficient. The dollar is crea-
| Of low hat
| is divine, superior to humanity. Peo-
pie say that commerce regulates mon
ey, but who regulates commerce? Com
merce tried to demonetize silver and
failed; the law tried it and succeeded.
There can be no more money than the
law permits.
When a dollar goes up in value prop
I erty goes down, and you can make
property cheap by making money dear.
If we get tired of dollars we can use
confidence in place of money. 1t is
necessary to use both gold and silver
to make the standard money of the
world. If for no other reason we can
not have gold standard, because
enough European nations now have
such a standard to use up all the gold
in the world.
| Mr.. Bryan said that he believed the
battle was to be fought and won, or
| lost, on American soil the battle in
which greed is arrayed against hu-
manity
IF a man has fixed income a dia-
mond standard is the best for him, but
most people have not fixed income.
| Salaries depend on business, and bus
/ dc tl,o Df+
! pie to buy"
! Mr.. Bryan said that he was willing
to admit the temporary advantage of
the gold standard to certain classes,
| but said that he did not believe that
| a permanent advantage would result
| from that standard to any class. There
is something better than wealth to
leave to posterity. 1t is good govern
ment. No farsighted man will form a
| policy good for him now unless he is
sure it will be favorable to his children.
| He spoke of the division of people by
| Carlyle into two classes, the holders of
idle capital and the struggling masses.
! The struggling masses produce wealth.
The holders of idle capital prosper with
| the appreciation of money The strug-
Cling masses suffer. He said that for
| two hundred years under the free coin
age of both gold and silver the ratio
varied from / to IA to l. to Is, and in
| twenty-three years under hostile legis-
| lation it has varied from 1 to 16 to / to
80, and that this latter valuation is not
due to increased production of silver
The worst thing that can come from
the future under bimetallism he char
acterized as better than the best that
can come under monometallism. AS
Mr.. Bryan ceased speaking a mighty
shout of applause shook the building,
and after the meeting had adjourned
the stage was thronged with hundreds
who shook hands with the great silver
| leader.