The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1899-09-16
FACTS ABOUT GOLD.
Interpretations by the Democrats
which stnger Intelligent
People.

The resolutions of the Nebraska DEM
ocratic convention, prepared by Mr..
Bryan, contain the following remark
able assertions:
1.-THE gold standard Is less defensible now
than 1t was in 1896, since the president has
confessed its failure by sending a commit
tee to Europe to secure international BIZ
metallism, while the inability of the COM
rnittee to secure foreign aid is added proof
that the people of the United States must
act alone II they expect relief"
Fair-minded people who credit Mr..
Bryan with intelligence and try to be-
Leye him to be candid are staggered
by such statements-namely, that the
president has confessed the failure of
the gold standard by sending a COM
mission to Europe to try to negotiate
international bimetallism. The state
ment involves not only n faisehood, but
one that will mislead no person who
keeps record of political action and
declarations. The republican party
very generally held to international BIZ
metallism in 1880, when Gen. Garfield
was president. At that time the an
nual output of the worlds gold mines
was not over one-third of what it will
be this year, and the output Of silver
mines did not appear to be limitless.
They favored international bimetal-
ism because of the general belief that
there was not sufficient gold to supply
the worldwide money of commerce.
Conference after conference failed.
That selected by Gen. Harrison when
president made il very clear that no
leading nation in Europe was really in
favor of bme tallism. When the re-
publican national convention met which
nominated Maj. Mckinley, consider
able element asked that the platform
pledge the party's candidate to send
another commission to see what could
be done for international bimetallism.
1t was done, and in accordance with
that pledge, the president named a
commission. Meantime the output of
the gold mines was at the rate of nearly
$75,0O0,0 year. This year it will be
greater than the output of both metals
IS years ago. Because of this fact re-
publicans saw that there was gold
enough TO supply the world with n
money basis. Consequently, they took
little interest in the Wolcott commits
sion. In other words, the wonderful
increase in the volume Of gold has made
most republicans and many democrats
believe in a single standard = gold.
They see no need for silver. even if il
could be so coined as TO pass on an
equality with gold. In other words,
such men have made progress, marched
on beyond the belief that silver is USE
full as money except as it is tied to god.
On the other hand, the Bryanites have
been marking time, blindfolded. They
see no change since 1896. Republicans
do. The fact that more than three
times as much gold will be mined this
year as in 1856, and nearly twice as
much as in 1896. convinces most intelli-
gent men that there is enough gold
for the standard money of the world
at the present time. and that three or
four years hence there may be too
much. The republicans have kept prog
ress with the years; the Bryantes
have marked time with their faces to-
ward the past.-lndianapolis journal.