Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-09-08
SILVER PAYMENT
Representative Capron Says Would
Follow Bryan's Election.
PEOPLE WOULD DISCOUNT HIS ACTS
Violent Reaction. Financial Disas-
ter and Monetary Contraction.
BRY ANS COURSEINEVITABLE
Specisl Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
SALTWATER, r. L., September SIN
an interview with a Star correspondent to-
day Representative a. b. Capron, member
of the committee on banking and currency.
stated that he had not the slightest doubt
that Mr. Bryan, if elected President, would
direct his Secretary of the Treasury to pay
the. coin obligations of the government in
silver
Bryan Already Committed.
Because" said Major Capron, in The
light of every utterance Of Mr.. Bryan. it is
absolutely certain that he would direct :he
payment in silver of every obligation of the
government not specifically provided to be
paid in gold.
What obligations now held by the pec-
pie who believe they will receive gold on
demand therefor or interest theron would
become silver securities i'll the event of Mr.
Bryan'S election?'
well, off hand. the interest on the entire
bond issue of S262. 100000 of the Cleveland
administration is payable in coin. and the
current disbursements of the government,
amounting to more than Sl0,ODW0 per
week. would also be payable in silver at
the option of Mr.. Bryan, If he were then
President"
Would Mr.. Bryan fail to deliver such an
order to his Secretary of the Treasury"
He not only could not decline to DO So
IL
ments in silver would be to stultify every
declaration Of his party, his platform and
his own promise a thousand times reiter-
ated.
Immediate Eject of His Election.
What would be the immediate effect of
Mr.. Bryan's election?'
The immediate effect. financially? There
would be but one effect and it would be
sudden. 40 intense and so overwhelming
that 1t would completely revolutionize the
business and financial interests of this
country.
I'm fact the country would not wait for
his actual Inauguration President. 1t
would discount his pledges regarding sill
the very day after his election. Gold
would at once disappear from circulation.
The treasury reserve of gold would be de-
pleted. Long before the eliminating dis
aster of the Inauguration of Iii to l Pres
ident the country would be grounded upon
a silver monetary basis, and little would be
left for Bryan to do to complete the whole
sale disaster and dishonor, reputation and
ruin which would surely result"
That these consequences would fall to
blight the country immediately after the
election of Mr.. Bryan no one will doubt
who recalls the great. though far less. dis
astrous result to the business interests of
the country of the election of Grover
Cleveland. with the promised free trade
policy of his party in 1892. Business and
commercial stagnation was an accomp-
lished condition long before the day of In
auguration.
The PortentOus Possibilities.
mo financial calamity, fraught with such
portentous possibilities for evil which would
attend the election OF Mr.. Bryan, has ever
menaced the country.
1T Is well that public attention Is again
riveted on this point. as 1t Ia of momen1ous
consequence, and the note Of warning
sounded in Secretary Cages interview In
The Star ought well to be needed. The
prosperity of the people under the benet1-
cent administration of the republican party
should not be permitted to cause them to
lose sight Of the deadly menace which.
while temporarily subdued, Is nevertheless
hands of the democratic nominee for Pres
ident once he were In the position to ex
ercise his autocrat!c power.
Mr., Bryan has already shown by his
conduct and remarks in his campaign that
he Is the democratic party and that his will
10 Its law. Who can question. naturally.
that were he to be vested with the author
ity OF the executive that he would hesitate
a second to carry out his own views teach
idol and has talked 1t from Maine TO Cali
fornia. so why would he not proceed to set
1t up by all the means in his power were
he in the position to do so?
Has he denied that he would not pay
these coin obliga;sEps in silver? Certainly
not. That is undoubtedly his Intention. He
L. man Of resources. Ii he cannot ac-
complish his ends by one means he adopts
another. The people know this. and 1t Is
they would discount his acts from the very
day of his election"