The times. [volume] (Washington [D.C.]) 1897-1901, 1899-03-30
BRYAN AND SILVER NEXT YEAR.
Senator stewart Talks of the PoIiti-
cal Situation.


Senator stewart Talk. of the Poriti-
cal Situation.
Present events and conditions wh.cA will
so to make political issues in the next
campaign were discussed last night by Sen
ator William NJ. Stewart. OF Nevada in al
interview with Times reporter. The Sem
ator believes that all questions IN regard
TO expansion will be out OF the way before
1900 and that the political issue Of that
campaign will be the moaey question. VIII
Mr.. Bryan as the leader OF the silver
forces.
Mr.. Bryan at the present tine has o
competitor" was his reply % a QUESTION as
TO who would be the next Democratic nom
inee for President. MIR. Rryans eontro-
versy with Belmont. Croker q Co. IN re-
gard 10 the JenersoniaE banqu.t has
drawn the line between DeGosracy an Iplu-
! toeraey, and unless something Unforeseen
shall transpiTe TO Cbscure the issus ats
/ noIninaucn is certain.
in regard to the Philippine question and
I others growing out CT sas war, / De I've
that events viii develop the real situs tlol
\ so rapidly that the people OF the intel
States Will be practically unanimous as 20
tae right thing IL co long be-o.e tae next
campaign is on, which vii limit ths c ~
test to the money question un.ess the Re-
1 publican party in the mean time dsNises a
\ system which will do justice to the D Oh,
OF the country by furnishing a volume Ok
money which will ma ntain the stab iity OF
4 general prices
The Senator expressed grave doubts that
the Republican party would succeed In en-
acting any monetary legislation. ahhou "a
/ he thought they would probably try to co
So In this connection he also referred TO
the recent meeting OF the Central COUNSEL
| of the National Sound Money League held
| In New York. on Tuesday and which =
pointed committee headed b. Edward At
| kinson to prepare declaration of princi-
| pies for the League.
To illustrate the extent OF Mr.. Atm
sons knowledge on money" remarked NJ.
| Stewart. "on which he seems to be C ms d.
cred an expert, II is only Necessary to re-
fer TO little exhibition of this 'kno VI
| edge which he displayed in giving testi-
mony before Congressional CoLmi.te OF
which | happened to be member Tais
testimony was given short time after the
holding of the Centennial at Phi Iadelphia
In 1876. Mr. Atkinson visited the eenten-
MAI. and while inspecting the western min
| erai exhibits his attention was at racteI
by pile of silver quartz, and he
very innocently what it was. The demon
strator in charge of the exhibit TO him
enat ~ WAS SllEeF. anu tndt IL was extract
ed from mountain in New Mex.co ssmIl;
by building a fire against the side of he
mountain Mr.. Atkinson thought al Il
very wonderful. and related IL as an . =
perts testimony before our committee
Mr.. Stewart said he had often used. this
amusing "Reminiscences of Mr. Atkinson in
his remarks in the Senate. and that Sen
ator Hoar had always come to the defepc.
of his Boston constituent
| Turning his attention q the nrasapt -o1-
ditions prevailing in the United States.
Mr.. Stewart continued:
There is a great social and political
revolution taking place in this country
and it all results from the want OF nfor-
nation on the subject OF money. All real
money is purely fat-a command OF law
compelling the creditor to receive it in
payment OF debts The material upon which
| 1t is stamped or printed is matter OF no
vital Importance.
"All money in circulation and all prop
| erty for sale are reciprocally the supply
| and demand of each other. consequently
| the volume of money regulates general
| prices Ii the volume OF money diminishes
as compared to the property for sale
prices necessarily fall When prices fall
| 1t is natural TO form combinations TO resist
| the baneful effects. Consequently labor or
CARNATIONS exist TO resist the reduction OF
wages. Industrial organizations called
/ lTuSlS are pSlHR FORMED throughout the
| country TO resist falling prices
80 long contraction to the gold stand
ard reduces the volume OF money COM
! pared TO commodities for sale prices must
| go down, and so long prices go down
| business men will form combinations 10
resist the disastrous effects, for when all
| who are engaged in a single industry are
united they can control the price of the
| commodity which they produce and thus
save themselves from ruin
The unfortunate part of this whole mat
! ter is that only small portion of the
| whole people protect themselves by
! trust combinations. The great masses OF
| the people must remain outside of trust
| combinations / have estimated this mat
ter carefully and find that only ) per cent
OF the people of the United States can find
room inside of-the trusts and prosper. The
remaining 20 per cent of the people must
remain outside OF the trusts and they are
going to have an awful hard time.
Il observe that some Of our leading poll
| ticians and journals are railing against
| trusts and at the same time advocating
the gold standard This is unreasonable.
Quite as unreasonable as it would be for
| the inhabitants of a village to attempt to
| kill all the musquitos with their hands
while they were constructing stagnant
| pools about The town TO breed mosquitoes.
| while prices fall men will combine to
/ to destroy the trusts will succeed while
their progenitor. so to speak, is main
| tanned and protected
"All that is required to insure prosperity
| and progress is an honest medium of ex-
I change. Justice is all that is required, AMI
| whenever a monetary system can be de-
vised that will be Just the trusts will dis
| appear II is idle to contend that per
| cent of 100000 600 people can destroy the
! other % per cent by any combination what
ever. | think that the present rapid for
| nation OF trusts may turn out to be L
| blessing in disguise. IL will end in revolu-
ton either by the ballot or by means too
! terrible to relate or TO contemplate with
equanimity- The people OF the United
States will never be enslaved without a
| struggle the like of which the French rev
| olutiOn will sink into insigniicance
! Il have hopes for 1900 I have hopes
| that justice will be done for the mass OF
the people through the election OF ad-
ministratiye officers representing their in
terests. Mr.. Bryan will be the Democratic
standard bearer and he will be elected