Crawford avalanche. (Grayling, Mich.) 1879-19??, 1897-11-25


to how he would meet the changed con-
ditions for the better which he found In
| the State since the advent OF Mckln-
leyism. This also brought to mind
some of his sayings Of last year, which
have not all stood the test OF the
| change.
Somebody has taken occasion, in
view Of his Renaissance of Organism,
| to look up some OF those 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 to meet
| is a conspiracy which has for its ultimate
object the striking down of silver as one
| of the standard moneys of the world
| Syracuse speech, 1896.
Mr.. Bryan assumes that this "con-
| spiracy" has been in active operation
since 1873. Yet, according to the Di-
rector of the United States Mint, there
is more than double the amount Of sil-
yer money In use In the world to-day
than there was in 1873, and practical
| ly all of it is full legal tender. Di-
| rector Preston estimates the amount
of silver money in the world In 1873
ut 81 ,S17 100000, while to-day 1t Is S4,-
| 200,00O00O, If this Is the result OF a
conspiracy" of twentyfOur years,
would it not be well to let the "conspir-
acy' go on?
We complain of the gold standard be-
cause an increased demand for gold has
raised the price of gold and lowered the
price of all those things which exchange
for money.-Buffalo speech, 1896.
| How can there be an increased de-
mand for gold when gold, silver and
paper money, as well as bank eX-
| changes, have increased much more
rapidly than the population in the past
| few years? The increased ease of pro-
| ducing both gold and silver has enor-
mously increased the quantity of them
| offered to the public. According to
| Mulhall and Preston there is nearly six
| times as much gold and twice as much
| silver in the world to-day as there was
| fifty years ago. Does this look as
| though there was IAN increased de-
| mand 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 to take its place.
Madison Square Garden speech, 1896.
In the fiscal year 1897 the imports
of gold were $44 ,653, 200 in excess of
the exports Of that metal and the flow
Of gold from Europe to the United
| States recently became so great as to
alarm the fnanciers of that part of the
world.
| We believe that the free coinage of sill
yer will bring gold to 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 it not do so in
the countries which now have free
coinage? The South American States
have had free coinage of silver for
many years, yet gold does not appear to
be drifting to them. Instead Of gold
going to them, or their being able to
keep the gold which they have mined,
as Mr.. Bryan says will happen under
the free coinage Of silver, they have
lost their gold until they have to-day
but Sill for each individual
Bmetallism is endorsed by human his
tory. The gold standard has nothing to
endorse il except the misery which fol-
lows wherever it has been tried.-Cleve-
land speech, 1896.
The sort of bimetallism which Mr..
Bryan proposes is that sort which pre-
walls in Mexico, South America, Cen
trail America and China. The people
Of Mexico have a per capita of money
in circulation amounting to $S.41; those
Of Central America, $3.66; those of
South America, LOG exclusive of their
irredeemable paper money, and those
Of China, sos. The gold standard
countries have per capita circulation
of from $40 to $50 each, and include all
the most enlightened and prosperous
nations of the globe.
The advocates of the gold standard
have never dared to submit that standard
to the arbitrament OF the ballot.-Colum-
bus speech, 1896.
There have been thirteen national
elections for Congress since the act
which dropped the silver coins of the
United States was offered In Congress.
In every one of these the people have
had full opportunity to exercise the
arbitrament of the ballot" upon this
question, and they have never elected
majority Of a Congress in favor of
reversing the proposition of that act.
Why does Mr.. Bryan say that it has
not been submitted to the "arbitrament
of the ballotg" The silver mine-own-
ers have for quarter of century
been urging the people to submit the
gold standard to the "arbitrament of
the ballot" upon 1t, and they have ex-
pressed themselves every election of
members Of Congress by refusing to
send to the House of Representatives
majority favOring the free coinage of
silver, and last year refused to elect a
President favoring that proposition.
The Republican party has been legislat-
ing to make the dollar dearer.
Senator Sherman said Jan. %, 1890: "If
our present CURRENCY Is estimated at ST.
00,OO0,O0O and our population increasing
at the rate Of three per cent per annum,
il would take $42, 100000 increased circu-
htion each year TO keep pace with the
Increased population" What
provision has the Republican party made
for the supply Of the money that we need
None Observation-Disclosures N. c.,
speech, 1896.
ma n a