The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-11-02
IF BRYAN IS ELECTED

Not am Encouraging Prospect.

Not an Encouraging Prospect.
To the Editor of the Journal and Cour-
Ter:
If Mr. Bryan is elected, have you
weighed what the results will be?
Perhaps, some one replies, that under
the gold law he can't seriously hurt
business.
Is this so?
True, it is claimed the senate, even if
Bryan is elected, will still contain q
majority of sound money men, and
free silver coinage bill could not be
passed Immediately When Mckinley
was inaugurated there was a free silver
majority in the senate, and he, too was
unable to pass the gold bill immediate
"; but when the terms of those free sill
yer senator's expired in 1892 the repub-
lican legislature Geturned to power
with Mckinley in 1880 replaced enough
outgoing democratic senator's With
sound money republicans to make
majority and pass the bill in 1900.
In like manner, if Bryan is elected
and the democratic party returned to
power in a majority Of the states, why
will not democratic legislatures send
democratic senators to the United
States senate to replace outgoing repub-
leans when their terms expire in 1903,
and thus give the democrats majori-
ty there?-just as the republican legis-
latures did? And then what is to pre-
vent them from repeating the gold act
and passing a free silver coinage bill?
Just as Mckinley and the republicans
passed the gold bill?
And don't they stand pledged to do
this?
Their Kansas City platform demands
''The free and unlimited coinage of sill
Yer land gold at the present legal ratio
of Is to 1, without waiting for the aid or
consent of any other nation"
William j. Bryan on September last,
at GAINESVILLE, Ohio, announced:
1.-THE party stands where it did in 1896
on the money question"
And at Paterson, N. j., on September
2S, 1896: 81 say to you now my election
means that this nation shall open it's
minis to the free coinage of both met
ais at the earliest possible moment"
And at Knoxville, Tenn, on Septem-
Der 6, 1896: eff there is any one who
believes the gold standard is a good
thing, or that it must be maintained, l
warn him not to cast his vote for me,
because 1 promise him it will not be
maintained in this country longer than
/ am able to get rid of it."
rs it not perfectly clear that if they
are returned to power, they will repeal
the gold law and pass a free silver
coinage bill sat the earliest possible
moment?"
And is it not equally clear that if we
elect them to power on the 9Th of next
November one great result will be that
we must face the passage of free sill
yer coinage bill about three years
hence, in 1904?
RESULTS OF FACING A FREE SILL
YER COINAGE BILL.
What will the effects be of such a
law? And what will the immediate eff
fects be of having to face it's passage
three years from now?
The present value of silver bullion is
about sixty-ive cents per ounce.
There are, in the silver dollar, 412 1-2
grains of silver 9-10ths fine, or 371A
grains of pure silver AS an ounce of
silver contains 4S0 grains, 371K grains
is worth about 50Kcents, so that silver
uOlldTS lU-udy dIG worth l0lFl1SlCdlly
less than fifty-one cents, and when eve
ry owner of silver bullion can take it to
the mint and have it coined free into
silver dollars, each such dollar will be
worth just what the silver costs that it
takes to make it, for if they were worth
any more, instead of using the coined
silver dollars, one would instead buy
the cheaper silver bullion, have it
coined and use that. Hence it is evil
dent that under free silver coinage the
value of the silver dollar must fall it tbs
bullion value.
Mr. Bryan admits this, but asserts a
belief that our demand for silver would
raise the price of all the silver bullion
in the world from sxty-dve cents an
ounce to $1.29-that Is to nearly double
its present value-(and thus raise the
fifty-one cents of silver in silver dol
lar to per--one hundred cents) but he
also admits he can't prove this-Brook-
Ign speech September "a, 1895, you
cannot prove by mathematics that we
maintain parity, neither can you
prove that we cannot" and he conse-
quently argues that as neither can be
proved, his belief is just as good as that
of the ablest ffnanciers in the world
and on this showing he asks that the
American people elect him, and see if
his belief won't come true.
Opposed to Mr.. Bryan's belief how