The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-10-18

want to embalm, cremnte and bury
Bryan. (Cheers.) Mr.. Bryan Isn't ad-
vocating and teaching Democracy when
he opposes the gold standard. In 1893,
when Congress first established coin
| age law, they coined one ounce OF gold
with fifteen ounces OF silver. They
found that one ouncc'o of gold was worth
fifteen and o9e-half ounces of silver
and the consequences were that when
gold went out of the, country an ounce
OF gold would bring fifteen and one
half ounces Of silver. This went on un-
til 1891. when Democratic committee
OF Congress reported that 1t was In
convenient to have double standard
and that twas In some cases absolute
ly necessarYto have single standard.
Congress didn't do anything 1t went
until 1925 when gold went up to q pre-
MUM Of 6 per cent. Andrew jackson
was elected and his secretary reported
that It was difficult to maintain stand
ards Of different material and advocat-
Ing single standard. He said the met
oils were constantly fluctuating and
TINT we could safely maintain one
standard In fact. was self-evldent.
Would Debase Our Currency.
1.-THE Democratic party would de-
base our coin by making flfty-three
cent dollar worth an honest one hun
bred cent gold dollar" The speaker
gave q history OF our monetary system
from Its Inception until the present day
and told how the Democratic party had
changed Its ideas on the subject. He
read many reports of congressional
committee reports on the subject from
time to time, all Of them telling Of the
necessity Of making q single standard.
and all others subserVant TO It.
"Mr. Bryan don't know the history Of
the Democratic party. He cfidently
thinks he is Jefferson and Jackson and
now he tells us he Is Lincoln. Uaugh-
teri We care not what the charac-
ter of our money is. we've got to trade
by the gold standard. We don't object
to copper, silver or nickel. but oil we
say is that II this government makes
coin and stamps 1t dollar, 1t must be
q dollar. (Applause.) You can't trans
port these metals side by side without
one coin doing all the business.
There cannot be any tluctuatlon II
your standard Is gold, because that Is
the worlds standard and one piece of
gold Will have the same relative value
the gold standard, Notwithstanding
they have had nothing but the free
coinage Of silver for $50 years. It Is the
greatest silver producing country in
the world
I'VE have twice over what Mexico has
In silver circulation. They have only
81 per capita and we have 50 per capita
silver In circulation. The moment you
force silver out Of circulation 1t would
sink down to Its bullion value. 1t Is
commodity. 1t becomes IN article OF
commerce and you cannot tell how
much you are going, to have. We care
not how much we coin.
Results of Free Coinage.
DO we think we could by our own
force, open our mints to the free COIN
age of silver? Suppose silver would
go up? We could go down to Mexico,
and with one dollar and get
two dollars. You could bring
them back and have them coined into
good American coin. Don't you think
the MeXlcans would soon get onto that
scheme. You know full well that q
product must pay all Its expenses. We
were on gold standard during the
civil war. We did business with paper
money. Our paper money was down as
low Us flfty-three cents on n dollar.
The Republican party wants that when
ever the workingman steps up to by a
loaf bread he wants 1t always the
same size. Hc don't want it to fluctu-
ate with silver. (Applause.)
1T Is estimated that to-day, 81 per-
forms the functions Of $1,000 forty or
fifty years ago.
II was taught in my younger days"
continued Mr.. Bynum, ito hate the no
tional banks. want to say right here
and they say an open confession Is
good for the soul. that the national
bank system Is the best In the world.
We cannot get along without the bank"
Mr.. Bynum was heartily cheercd
when he closed.