The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1908-02-27
Bryan Thinks People Forget
Because He Himself Would
Have Them Do So.

nave lnem 10 80.
Mr.. Bryan's recollection OF the
money fight in 1895 is incorrect, or else
his understanding of it is wrong.
What he d sscribes as the issue was
not the issue at all.
The question in 1895 was whether a
dollar should continue to be worth 100
cents, or some uncertain and fiuct-
uating amount in the neighborhood Of
80 cents.
The issue was between an honest
dollar and dishonest dollar.
II was between preserving the in
tegrity of our national obligations at
100 cents on the dollar or repudiating
them at 30 cents on the dollar.
MIR. Bryan says that he and his party
advocated more money.
What they really contended for was
less money.
Token paper and token coins are not
money.
Our silver is half money and half
credit
Free coinage OF silver meant the
silver basis.
Under the silver basis, or a paper
basis, gold, which is true money disap-
pears from circulation and inferior
currency takes its place.
Between good money and bad, every
pc rson in trade will prefer the good.
The fact that with two forms and
values of money in circulation side by
side, the cheap money will drive out
the good every time is ~ well ascer-
tanned n scientific fact as that the
square of the hypothenuse equals the
squares of the base and perpendicular.
Mr. Bryan says that the events Of
eleven years have proved the demo-
cratic contention in 1895.
The gold standard won the gold
standard we have.
That was the cross Of gold and the
crown of thorns from which by the
free coinage of silver the body OF labor
was To be sayed.
And now Mr.. Bryan says that the
results reached by the gold standard
show that what he was contehding for
fighting against the gold standard was
true.
The fact is that every ything he pre-
dicted the gold standard would do, it
has not done.
His prophecies have failed. and now
he says they have been indicated.
Jefferson said that the ratio between
the metals is a commercial ratio; but
Mr. Bryan said it is matter of govern
ment Hat.
Every man that knows anything
about money said that free coinage
meant debased currency. and that u
debascd currency means disaster;-
But Mr.. Bryan said that q free
coinage act by the American congress
would instantly raise the price of
silver to $l.2e an ounce, or double its
then value. in all markets OF the world.
The country rejected him and his
theories and the sequel has shown that
it was right in doing so.
To have taken the contrary course
would have been wrong and disastrous.
II is difficult to fathom the mental
process by which Mr.. Bryan figures out
that the gold standard we have and
the silver standard he fought for are
equivalent terms, because each is
equivalent to more money"
Is it possible that he cannot dis
tinguish between gold currency,
maintained at par by facilities for re-
demption and exchangeability with
gold, and debased and huctuating
currency, based on the bullion value
ofts silver coins?
Does he think that ''more money!"
consisting of sound currency at 100
cents on the dollar, 10 the same thing
ms more money" consisting of cheap
and dishonest dollars worth half their
face, and treasury notes of even more
uncertain value, such as discredit the
intelligence and depress the commerce
Of every nation whose silver coinage ia
unlimited?
II so, his reasoning faculties cannot
be trusted.-State Capital.
Six Mile.