Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-07-26

dSeiil WHOiy PidlituucS, IOl d pms &C
figure did he give to back up his
assertions; not a single reference to the
last. days of Democratic power; not
a single allusion to the free trade Will
son bill and its whitening effect upon
the American people.
He calmly ignored the facts of his
tory, and vociferously advocated re-
turn to the policy embodied in the Will
son law.
So deplorable had become the con-
lition of the country under the opera
ton of that measure, that one OF the
first acts of President Mckinley was
to convene Congress in special ses-
sion for the passage of the Dingley
tariff law-under which our country
has had an industrial growth and pros
admiration of the world.
The excess of our exports over i'm
ports from March 1, 1890, to March
1, 1874 period of 107 years-was
s3S3,02S, 497. The excess of our ex-
ports over our imports from March l.,
1897, to March 1, 1900-the first three
years of President McKinley's admin
istra tion-with the operation of a pro-
tective tariff which protected American
labor and fostered American indus
tries, was $1,4S3,537,049. In other
words, our excess of exports in three
years of Republican rule WERE
NEARLY FOUR TIMES AS LARGE.
AS THEY HAD BEEN IN THE PRE-
vIOUS 107 YEARS OF OUR COUN-
TRY'S HISTORY.
No such astounding growth of for
eign trade was ever before known in
the history of the world; and yet, ig-
noring these official facts, with which
he must be thoroughly familiar, Mr..
Bryan had the unblushing hardihood
to advocate free trade as the only
policy which would secure our products
an entry in foreign markets.
In abiding to the money question
Mr.. Bryan took occasion to reiterate
his adherence to the free and unlimited
coinage Of silver at ratio of Is to 1.
He thought that, failing to secure in
ternational cooperation, our country
should have taken it's place with China,
Persia and Siam, in an attempt to
maintain aIopa and 11paidad tho nc rit =.
of the two metals-for we do not as
sumo that he would admit that such
a course would bring us to a purely
silver basis, as is the case in the
interesting group of countries with
which he would have us ally ourselves
in monetary matters. He kept carefully
out of sight the fact that the free coin
age of the two metals backed by the
gold of the world, and with other ma
tions obliged to maintain the parity OF
| their own silver. would be a vastly diff
ferent proposition from a free coinage
of the two metals backed solely by the
gold of the United States, and with the
other great nations of the world free
| to absorb it through the channels OF
trade. while dumping their old silver
at our minis to be freely coined into
dollars with which to settle their OWL
balances with this country.
1t is well-known economic fact that
an inferior currency always drives gu,
of circulation a superior one. There is
| no gold in circulation in any of the
| countries which have free coinage OF
silver. The currency there is worth
simply the value of the bullion it con-
tains and huctuates with its market
price.
| Under the existing Republican policy
every silver dollar is worth 100 cents
for every man who possesses one can
| take it to the United States treasury
and exchange it for gold dollar This
is the best kind of bi-metallism, and
theNone which prevails in all the great
nations of the world. Under the policy
otN'Nhtcu ny MI. DTydH III Ills lily
Hall speech. yesterday, our gold would
Immediately be driven out of circula-
ton. and a silver dollar would, not be-
ing exchangeable for it, be worth only
the silver bullion it contained-which at
present market quotations would be SO
cents.
| Twice Mr.. Bryan has been before the
American people as the representative
\of the silver interests-and twice they
have repudiated Misunderstanding by
| their votes their firm conviction that
THE BEST MONEY ON GODS
EARTH IS NONE TOO GOOD FOR
THE AMERICAN PEOPLE.
Still at this late day, when the policy
of free coinage of silver at ratio of
is to 1, has been openly and finally re-
undated by large and powerful ele-
ment of his own party, he still clings
to his old idols, and declares before an
Augusta audience his undying devotion
TO the Kansas city platform,
a considerable portion of Mr.. Bryan's
address was devoted to an atfemnt IN