The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-09-10

Dun's agency gives the total American
failures in 1896 as 10, 088, with liabilities
OF 1926, Ops, S54. Last year there We're but
! ., 337 failures with liabilities of 800 $40, .
8S9. Failures have not increased, but dim
inished. Mr.. Bryan is Ignorant OF the
effect OF a money standard on failures
Bradstreet's gives the annual volume of
bank clearings in the country as $50, 932,
600, 900 in 1896 and $685. SOB, 90 in 1899
business has not diminished, but in
creased. Mr.. Bryan is Ignorant of the
effect of financial legislation on the vol
ume Of business.
Win you vote for him and the destruc-
tion of a financial system under which
the indebtedness of failed firms has in
three years decreased sixty per cent, when
the volume OF business increased nearly
100 per cent?
In his speech at Newton, Iowa, (page
3Ol) MIR. Bryan stated that If we nad a
gold standard prices are as certain to fall
as the stone which is thrown into the
air.
No. red Winter wheat was quoted at
64l4 to CO.. cents a bushel IN the first
week of July, 1896. Tt was rs 1-S to 793l
cents at the same time this year, and be
tween the two dates it has risen to above
a dollar bushel In value. 1t is a matter
Of common knowledge that most other
staple products of labor are on higher
level than four years ago. A conspicuous
exception is silver, which in four years
declined from .6S778 cents to .60.3l cents
fine ounce.
Wheat has risen and silver has fallen.
Mr.. Bryan is, therefore, Ignorant of the
effect of financial Legislation on prices.
| viii you vote for him and return to the
disastrous commercial conditions OF
1902
One entire speech at Milwaukee (page
1861, was devoted to an attempt to prove
I rrrffh etn Don we mo,
necessarily hopelessly dependent upon
foreign money lenders, and In a speech
at Baltimore (page 664) Mr.. Bryan add
ed; 1.-The Republican party cannot re-
store prosperity Ia this country so long al
that prosperity is doled out to us by
foreigners who profit by our distress"
Under thu threat OF free silver we die
borrow money of England. With Will
liam Mckinley as President today, and
with every prospect that he will continue
to Ds President for four years more over
gold standard, England borrOWs money
of us. The bonds of the United States
! though not taxable, yield the money
lender barely 1-2 per cent. The wal
loan of England is placed at yield o.
nearly per cent. We have been able to
refund part of our debt at per cent
the lowest rate of INTEREST on any bonds
of any nation, the lowest rate OF inter
est paid on public debt from the be.
/
lessly in debt. We have money to loan.
Mr.. Bryan is therefore Ignorant of th'
effect Of currency on national credit.
Will you vote for him and destroy the
currency that makes our credit not
merely the best in the world today, bu
the best in the history of the world.
III cannot believe that with the proofs
before their eyes of the absolute fallacy
of his claims, that the American peOpl,
viii turn to follow the blind leader of th,
/ blind out OF the sunlight, down from
the heights, back through the dark valley
to the bOttOmless pit of financial chaos
and national dishOnOr, at whose brinI
four years ago business tOttersd, credit
fell and sfainting industry sickened anC
died. No dazzling mirage OF airy en-
perors and cloudy streets can turn aside
the clear gaze of the American citizen
from the real enemy, the prophet
shrOuded in a silver vail who leads the
dragged warriors of chaos and disorder
to the mad destruction of their OWL
country.
To 1.-The First Battle" shall succeed
the last-where the honest pay
ment Of honest debts, the last where tn,
protection of the savings of the poor, the
last where the preservation of the honor
of the nation shall even need to be de-
Tended against the assaults of a man Of
party that calls itself American.