Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-10-09
"B1METALLIsM BY B1AcKMA1L

..BINETALLISM BY BIAACKMAIL."
IExtraets from remarks of Hon. e. o. \
Wolcott sof Colorado. in Daily Com
4 gressional Record Feb. u. 1900.
The black specter Of the crime OF 49,
no longer walks abroad in Colorado and
keepr us awake nights. It has gone over
the rtnge, and we are coming out from
the caves OF gloom into the open sum
shine of hope.
Our commonwealth is the richest in
natural resources in the whole union,
but its chiefest value isin the fact that
1t lies in the heart of this great free re-
public, one of an eternal brotherhood Of
states, linked together In one common
and Immortal destiny.
In these attacks upon bimetallism the
head of the party has especially distin-
guished himself. All thru the last cam
paign in Nebraska again and again he
denounced az foolish and futile all at
Temps to secure international Sbimetal-
ism. And in speech Last summer at
Louisville he disclosed fully and fairly
his policy. And in his organ. the Ma
tional Waterman or the national come
thing the speech is reported. It is short,
and ! must read 1t. In 1t he declares
and outlines the policy Of his followers
in respect to bimetallism. Mr.. Bryan
said:
II believe that independent action will
force international bimetallisrn, and that
1t is the only way that you will ever
bring the nations Of the old world to an
international agreement. When our
commissioner goes over there. It will not
be to petition; It will be to announce the
purpose of the American people. He will
3 Sal1 90 - 1,o
as much right to protect their property
/ from depreciation as handful of flnan-
1 ciers have to leEielate more value into
the notes and bonds and mortgages they
hold. He will tell them that by the free
and unlimited coinage Of gold and silver
at 16 to 1, We can maintain the parity
between gold and silver; but he will say,
II you people doubt IT, just remember
/ that you have good deal of money
loaned in the United States that Is pay
able In coin. and that coin means either
1 gold or silver; and remember that II we
fail to matntain the parity, 1t will be be-
cause you men conspire TO make one of
the metals cheap, and II you conspire to
/ decry the value of silver-if you con-
spire to make gold dearer merely be-
cause you want to increase the value OF
4 your dollar--we will punish you by pay
ing YOU in the metal you make cheap
This IL the gentleman whom great
lparty is to choose az lite standard bear
Ter; a .gentleman who openly announces
i that If he We're president OF the United
States, charged with the protection OF
4 the nations honor. The would announce
to the. governments of Europe that the
/ United States intended opening its
4 minesto silver; that in his opinion the
4 parity would be maintained, but would
4 threaten them IL they did not Join us
4 and the experiment failed, we would
pay our obligations to them in depreci-
4 ated money This is new doctrine. Mr.
Il President-that Of binetallism by black
. mail. It IL not surprising in the light OF
Z this statement that investors insist on q
gold bond, and one can readily under.
stand Why Mr.. Bryan occupies the mos,
3 unique and remarkable position OF an,
man in our whole political history. Il
a is but a few months before the nationa
. democratic convention. and his nomina
} ton IL eagerly des.red by both the grea
political parties The democracy wants
him, the republican party wants the de
mocracy to have him. and he want
himself! (Laughter)
In Central America today, with
population OF 3,4UU.UVU, there - at pres
ent 30 cents per capita Of gold. and Il
! South America there 10 1871 per capita
: In 1897 they coined the enormous gum 1
all South America Of $40. That was tn
i total gold coinage Of South Americ:
. where with population Of $4,000, on
! people, they have got $1159, 600. 900 Z
: uncovered paper money. They have gs
!. thirty dollars and half OF uncovere
: paper money to every human bein
: there, and that includes white peopl
: who are few in number and very int
:. ligent Indians. negroes. zamboe. an
= all the cross breeds. For the white pee
: pie it will average something over So
per capita OF uncovered deprecated pa
!, per money.
: How in the world any man who dc
s.ires to maintain the parity Of the tw
:, metals and the credit and good name
: the United States can believe that tn
Z silver can be helped by going mo 81
:, yer bimetallic agreement with the cour
tries OF Central and South America
= can not see.