The Lamar register., 1900-03-07
WOLCOTT'S SPEECH
ON THE NEW FINANCIAL BILL
And the Bimetaiic Amendment-A Full
and Frank Statement of the Real Isl
Metanists-Bryan and His Party Have
Done More Harm to the silver Cause
Than Any Other Agency.
Cconeladed from last weelE.

The Chicago platform offers no
e9Rs 59T SnstHs in TIER tss eoan,ry sTT sof q
both political parties They VIII not
vote for Bryan or Bryanisrn under any any
trast in the financial demands OF the
two parties by excluding all reference 70
serve 10 throw ipto the shadow the ne
Eotiatious and PoPultstic notions ana
racy now In the saddle, which they call
a platform, Our St, Louis dSclara ton l
| Kinley once, and It viii trtunRha.uLtly L
re-elect him. and ! must be pardonrd FOR
urging thst j. i is bad & R9liSiSs ;s 5S Tg n5 ~
battle in the face OF oncc-deteAied en-
When entered the Senate eleven years
ago and afterwards, believed and as
serted my belief that the United states
establish and maintain for the whole
world the parity between gold and silver.
II 1t opened is rnints 10 the free. eeinAEe
and under the conditions then SHistins.
action. ssiIi believe it might then have
been accomplished What was true
few years ago is no iongeE true Ihe ~,
greater than now India had but Just
closed her rnints, we believed teInpoTarss
"a TO l. Japan was SIN upon the silver
standard. and the annual product OF geld
Increase year after year. and the worlds
supply OF the metal money was grossly
diiferSnt condition OF affairs, and for one
should shrink from entering upon the
SS, ahT he Hi9Ss sSs,y fna q Z ,ht S vas Sa R
lty Of the taxpayers Of our own country
but the attitude e the eiyiliLed severn
dia OF a thousand million ounces and
more OF silver. uneoined, sold from Gay
as 10 the future OF the Orient, all these
vsSed and unsettled problems might vel
rs ,,,-,,,..r,,,, 4fsr,,-urFsz ,.t .r.r.
nously increased product Of gold waieh
the last three years have Witnessed fur-
ststsfnsrt .f.si5 mel 50 ef,sn Seritsd as 70 have
become automatic And Mr., President
u 'has hna ssS r,Ss SstPSs a. n r sas ti9 T 10 81
will 90 a long way toward making per
@ansRt tssi SshgTSs ,S Ts sr5 4 ,r TsiSss Sh'e
TFansvsSi, ans when days q Psses shSq Ts.
war. should quadrupye its output. Il the
klondyke snd Cape Nome shall rival ne
production in Cripple Greek Aad through
out our mining regions continues and
SsiisTs Il viii It ) sun tF,,s that every
civilized Eo!d-DstnS country which relies
agSh , - s,T,tI,.s,i, tsS h ,h. ~
Dor employed in It's mills and mhnufae-
tories viii sttll surrer great and de-
Eatie the Two metals again march side
/, Is impossible for Us who 1--we In
alert, educated, and interested - All
globe. closely connected With each other
By railways. and enlightened by thou
fsds s5a ts e psia.fe rIs;apss ts ss s5 &
millions q human BEING ". who pSopss q
enigma 70 Us. ours are far sreaisr znys-
terry to them For more thAn 10 years
England has dominated india aud has
made hardly an impression upon ita hfe
and people
The xre4t e5nBlre q China Is TO the
whole world practically unknown. They
know nothing and care less for cur CIV
itEation- Theirs - TO them srundcr and
with ancient traditions and customs,
from father to son they know no change.
labor to-day has be,n the measure Of
their pay for generations. Our com
have hardly touched tbs. surface Of thsiF
lives. Oar commercial intercourse with
them them lestNss no more more lHprs1s; upon TIE
than do our arsosiss upon tEe trncklsss
seas that wash their shores. and loEE
great masses Of humanity win continue
IN their ancient traditions and nHEsscs,
untouched and unaffected By our modern
Their grain with which this couatry
actively eotnpetess the frIit Of their con
stantly increasing looms and mAuufaC-
tories which are sold side BY side with
ours In ths markets Of Eurepe. IN small
increasing quantities. for EuId and sE-
changed for silver At nearly two dollars
for one, VIII sttH De produced Al cost
measured by silver, not as X Is valued
to-day, but having nearly the same pur-
chasing power IL Rad thirty years ago.
The question assumes even greater TIM
pOTfGuce Stucs our acquisition OF the
Philippines Here are A1pa,fss Of people
knowing only silver, living IN the region
OF silvrr-ustaE countries With whom We
arr 70 deal FOR whom We must furnish
a means Of exchange recognized by the
merchants Of the whole world and
cured as vel by the faith and credit OF
the tuited States. and can never i'm
pose upon them a gold standard and a
gold currency without destroying their
ability to compete with the other CouD-
tries Of the Orient
II used TO be said, when silver was 50
gold, that there was not enough gold IN
the world TO make II certain that silver
would not become the cheaper metal.
as mon0meta!llsts term It, and drive out
of gold added To the worlds supply les
sens this danger. which was apparent
and not real. and the greater the supply
and increase In the gold product OF the
possibility Of Its nuctuauon should be
guarded and regulated by the circulation
! as money Of Its sister metal II = said
that in the Rand alone there are up
wards Of two thousand million dollars Of
gold already in sight Distant As the
essential to establish a parity between
the two metals 50 that gold shall not
fall In value below the ratio
It seems to me idle to say that the
affecting the other commercial nations
| OF the world and inviting their active CO.
operation and approval, As long G
country is without foreign commerce the
D oh. HlFsFE. q FTaaa A.