The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1900-10-24

ADVERTISING RATES.
IF BRYAN WINS, WHAT THEM

The Country Will De on silver
basis at Once, With Ruinous Com
sequences.
On that fatal morning when 1t shall
appear that Bryan has been elected
or there shall be reasonable ground for
belief even that he may be elected,
and il shall be announced that the for
eigners are getting out from under. by
sale of their American held securities
ON the New York Stock Exchange. ne
cessitating the export of gold to pay
for them, OF there shall be sharp up
ward start of II run by the preSenta-
tion of notes for redemption TO the
treasury by our own people, long lines
of clerks of the banks, financial lnsti-
tutions aud linanciers, lengthening out
through the night, will besiege the
doors of the Suhtreasury ON Wall
street, and before noon demands Will
be made on our government TO mere
than empty from the public treasury
cur governments entire stock of gold
upN IL III It's laSl tiOllHls thA NlilS blhNt-
meut from the few eastern seahoard
cities alone New York, Boston. Phila-
delphia and Baltimore before the
shadows Of nightfnll every dollar of
our governments gold Will be de
handed
What VIII the banks do with the
gold that they thus ucqure2 VIII they
pay it out in the redemption of their
own notes? No indeed! They Will
hold on 10 II, not ms money, but rs
property rs n convertible asset
which they can always realize upon at
any moment for all that 1t is worth.
Every individual holder of gold
throughout the country In any amount
down 10 ii single dollar Will do the
same thing. holding on To 1t 10 the day
of his sorest extremity, when he will
convert il at II value vastly In excess
Of any needed commodity for which
be muy be compelled by his wants to
exchange 1t, aud II will pass into stron-
ger hands better able To hold ON 10 II.
Thus, Ia n single day, all of our boast
ed stock OF 5000, 900 of gold viii be
completely retired from circulation rs
money.
TnLen Completely on Oar Feet.
What viii become of our remaining
twelve hundred millions of circulating
medium of various kinds? The notes
of our national banks are required by
law to he redeemed In government
legal tender notes But of what value
to the holder will be the exchange of n
national bank note for n government
note when the treasury Is entirely
emptled Of It's gold and the govern
ment no longer has the power To mike
its own notes good to the holder of
them? The government viii be taken
completely off its feet 1t Will not be
able to sell its bonds, ut present In
terest rates, mt co cents To the dollar.
Nor would II bc Of any avail II II could,
for the gold would be taken out of the
treasury faster than II could be put in
by renewed presentation of govern
ment notes for redemption, of which a
considerable amount would still he out
standing vi the notes. both national
bank and government. VIII imme-
dlately cease To have negotiable val
ue, except very tritling aud also va
rlable one speculativcly, and the per
Torrance of their functions ms money
will ut once and entirely cease.
We shall have still left our six hun
drcd millions of outstanding silver Ger.
tificGtes, silver dollars and fractional
coin cur government, being no longer
able to redeem In gold will offer to re
deem It's silver certificates In silver
and, to keep good this offer, will he
compelled 10 hold on 10 Its stock of
coined dollars and silver bullion now
In the treasury. Al II cents to the dol
lar the present market value of the
amount of silver contained In silver
dollar, our six hundred millions OF
money, then available for currency pur.
compared with our present currency,
of less than S3O0,OOO.000. We shall he
on silver basis at once, without
awaiting the installation of Bryan In
the presidential chair and the move
ment Of Bryan legislation to this eff
feet Our country, from having tween.
ty-One hundred millions OF currency to
do business with one day, Will have
but three hundred millions the next
day
CHIaaitous Consequences.
What tkfIll Fallaxx.f Nh