The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-08-24
EDUCATION HELPS
SILVER'S CAUSE

= SlLlER'S CAUSE =
= Il believe that the more the =
= (mOney) question is studied. and =
= the better it is understood, the =
stronger viii be the demand for y
= the restoration of the double stan y
= dard in the United States
From Bryan's speech accepting =
= POpulist nomination
= : = =
this speech was prepared and given to
the press l did not know that formal
announcement of the resolutions passed
by the Monetary league would be made
at this time, and desire here TO ex-
press my gratitude to the members Of
that league Tor the support which they
promise and for the cordial cOmmenda-
ton which their resolutions speak. The
Monetary league has for four years
been active in the distribution of lit
erdture connected with the money ques-
ton aimed at the enlightenment Of the
voters, and I have on former OcCa-
SiOns. and do now, express my COM
mendatiOn Of the efforts Of this league
and of similar leagues to spread before
the people Information on the money
question, because / believe that the
more the question is studied and the
better it is understood, the stronger
will be the demand for the restoration
Of the double standards in the United
States. (Applause)
And now to resume.
while I am grateful for the conf
dence which the POpulists have ex-
pressed in me, 1 am not vain enough
to regard as personal their exraOrdi-
nary manifestations of good viii. The
ties which bind together those who be
lIaN- in a al
principles are stronger than ties of af-
fectiOn-strOnger even than the ties Of
| blood: and cooperation between the
reform forces is due TO the fact that
Democrats, PO2ulists and Silver Re
publicanS take the side of the people
in their contest against greed. and
agree in the applica ton of Jefferson
ian PRINCIPLES to the question imme-
diateiy before US.
Still Hope for Silver.
IN 1885 the money question was OF
on that campaign united IN the demand
for the immediate restoration of silver
by the independent action Of this
country at 16 to 1, the ratio which had
existed since 1884. They were defeat
e,l, but that did not end the discussion.
The Democrats were defeated in 1883,
but that did not put an end to tariff
reform. The Republicans were defeat
ed in 1892, but that did not perma-
nently overthrow the protective tariff.
Defeat at the polls does not necessarily
decide a problem. Experience, and eX--
perience alone, settles questions If
an increase in the volume Of the cur
rency since 1896, although unDrOmised
by the Republicans, and unexpected,
has brought improvement in industrial
conditions, this Improvement, instead
of answering the arguments put forth
in favor of bimetallism, only confirms
the contention of those who insisted
that more money would make better
times.
THE Republican party, however,
while claiming credit Tor the increase
in circulation, makes no permanent
provision for an adequate supply OF
standard money. 1t denies the neces-
sity for more real money, while il per
mits national banks to expand the vol
une of paper promises to pay money.
If the PODuhsts felt justified in OD-
posing the Republican party when Il
sought to conceal its gold standard
tendencies under the mask Of interna-
tiOnal bimetaIIism, the opposition
should be more pronounced in proper
ton as the Republican party more
openly espOuses gold monOmetallism-
Hypocrisy is Exposed.
I'm 1886 the reform forces charged
the Republican party with intending
to retire the greenbacks. This charge,
| denied at the time, has been confessed
! by the financial bill which converts
] greenbacks, when once redeemed, into
| gold certificates, and extends new priv
1 ileges to banks of issue. IF a POpulist
/ opposed the Republican party when its
{ hostility to greenbackS was only SuS-
1 pected, that opposition should be
| greater now since no one can longer
/ doubt the purpose of the Republican
/ party to substitute bank notes Tor
/ gTeenbackS-
! 1T is true that the PoDuIists believe
/ in an irredeemabIe greenback. while
! the Democrats believe in d greenback
| redeemable in coin, but the vital ques
/ ton at this time, so far as paper money
/ is concerned, is whether the govern
ment or banks shall issue il. There
/ VIII be time enough to discuss the re
/ deema bility of the gTeenbaCk when the
! greenback itself is saved from the an
Inhalation which now threatens IL. The
/ Republican party is now committed 10
a currency system which neceSSitates
a perpetual debt, while the POpullst
| finds himself in agreement with the
| Democrats who believe in paying on
the national debt as soon as possible
Speaks of Income Tax.
IF belief in an income tax justified q
/ POpulist in acting with the Democratic
party in 1896. what excuse can he find
for aiding the Republican party now,
when even the exigencies Of war have
not been sufficient 10 bring that party
to the support of the income tax Dr1n-
/ ci0leS2
-.Populists believe in arbitration now
as much as they did in 1895, and are
as much opposed to government by
| Injunction and the blacklist as they
were then, and upon these subjects they
have as much reason for co-oDerauon
with the Democratic party today as
they had four years ago.
Democrats and Populists alike FAVOR
its principle of direct legislation If
any differences exist as TO the extent
to which the principle should be aD-
piled, these differences can be reconcil-
ed by experiment. Democrats and
Populists agree that Chinese and other
Oriental labor should be excluded from
the United States.
Democrats and POpullStS desire TO
so enlarge the scope OF. the interstate
commerce act as to enable the commits
sion 10 protect both persons and places
from discrimination and the public at
large from excessive railroad rates.
ssTbe POp1yliStS apDrDVe the demand