The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-10-02

es-Marvelous Growth in AII-Con-
fdence Of People Exhibited in Re-
tention Of Outstanding Greenbacks.
Special Correspondence Of Intclllgencer.
WASHINGTON, D. c., Oct. l.-Dur-
Ing his unparalleled. efforts in 1895 to
reach the white house, Bryan Travelled
over 10000 miles; he visited about 800
towns and he delivered, all told, nearly
900 speeches.
His paramount issue" at that time
was the free coinage of silver ut is to
/. The greater part of h!o speeches
were devoted to this subject. He could
not say enough against the gold STAN
dard, under which system q dollar OF
our money was. (and is still, and II the
Republicans remain in power will con.
tinue to, be- worth 100 cents anywhere
in the civilized world.
In nearly every one OF his speeches
Bryan then predicted dire results II
Mckinley was elected, and the gold
standard continued. To Illustrate, ''in
one OF his addresses he said:
Wages Will Be Decreased.
IF Mckinley and the Republican par
ty are successful and put in power for
the next four years, wages will be de-
creased, hard times will come upon rs,
and over the land the price of wheat
will go down, and the price OF gold will
go up; mortgages on our homes will
be forcclosed by the money lenders;
shops and factories will close. We will
export no goods and we will import
from foreign lands all the goods we use;
thus ruin, want and misery will be with
u.s." 80
Every intelligent man In the country
knows that each and every one of these
wild predictions has proved absolutely
false. Exactly the reverse has taken
place, and neither Bryan nor any of his
followers can tru,htully deny IT.
Again, this great calamity bowler AMI
apostle. of free silver says in his own
book. 1.-THE First Battle" published af-
ter his; defeat in 1886:
Means Dearer Money,
THE gold standard means dearer
money; dearcr money means cheaper
property; cheaper property means hard
er times; harder times means more peo-
pie out OF work; more people out OF
work means more people destitute;
more people destitute means more poo
Pile desperate. and more people despcr-
ate means more crime"
The gold standard IS here yet. how
ever, and with 1t the greatest and most
general prosperity the country has ever
experienced. Let us consider few
signs Of the times:
Nothing shows more plainly whether
or not the country is prosperous than
our exports. our deposits in savings
banks and the bank exchanges at the
various clearing houses. These instf-.
tutlons are about us sensitive 10 the,
condition OF the country as 4 barometer
Is to the atmosphere.
Excess of Exports Over Imports.
:. According to the official records, the
excess of exports over Imports. or the
balance of trade in our favor, during
the three years from March l, 1897. to
March I, 1900. was s1,4S3.049. or nearly
four times as much as the balance of
trade during the nine years from 1920
to March !. 19o0-which was only $685.
o2S,4s7. This marvellous growth OF our
export trade. be it remembered, has de-
veloped under high protective tariff
and the gold standard. Only 4 few
years since. when Grover Cleveland was
running on a free trade platform, 1t was
loudly proclaimed that n large export
trade could not exist under protec-
tive tariff. ~,
i The clearing house returns OF the Uni
ted States for the last fiscal year were
S,9O9, $751; ZIG. while for the last year OF
Cleveland's administration they we're
s5l, 1885,. 65l.733 The returns for 1899. as
above, were practically double those of
the year 1894. the year In which the
Wilson low tariff law went into opera
ton.
Deposits in Savings Banks.
The deposits in the savings banks OF
the country, according to the official re-
ports OF the comptroller Of the currer-
cy, have increased from $780,, 49, 77. In
1896. to s.. go. $685. 54 In 1899. an increase
OF over one hundred millions per year.
Bryan predicted again and again in
1896 that money would grow scarcer un-
der continuance OF the gold standard.
Has 1t though? The amount OF money.
including gold. paper and silver. In CIR
8 culation July l. 1900. was $685., 95.496.
or SIG so per capita, more money par
man than the country has had since
. the Pilgrims landed. In 1896 the amour.
In circulation was only sl.506. 434. 800.
Four years ago the gold money In the
United States was only S5s7,t00.0OO: to-
day 1t is over one thousand millions.
During hard times the gold Is boarded,
as 1t was in 1896; when prosperity and
confidence return. however. those who
have money invest 1t In various enter.
prises.
Confidence Of the People.
From 1887 to 1893 the confidence OF the
people in the stability OF the govern
ment was so great that only si6.vJo,OOa
OF the @346.ooo.0oo OF greenback currency
outstanding was presented at the treas
ury OF the United States for redemption