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About Oregon City enterprise. (Oregon City, Or.) 1891-194? | View Entire Issue (Oct. 9, 1896)
Supplement KNTKKIMMSH. t-'ttllttY , . .o ntiiiK.it it. imhi. CARL SCHURZ The Eminent German American Statesman for Sound Money AND GOOD GOVERNMENT Facts, Arguments, Logic, Wit and Sarcasm in a Masterly Manner. WHY PRICES HAVE DECLINED The Alleged "Crime of Seventy Three" Has Not Made Our Goods Any Cheaper. The Consequence of a Free Stiver Tie try In Notimbtr Would B. Panic, Bankruptcy and I'ulvarsal Distress ad Poverty-!"!- Coinage at six- ta to On. Mean 8Uvr Monometal lism-Wage Will B Cut Don aud Hair of tha 1'euple's Savings Lost flea. Carl Schura, n secretary of th In Wrtor, delivered (a address on September ttt, la Central Mint a hall, Chicago, on the lt anaaof the campaign, under the auspicee of the eVasaiiean Bonnet Money league. Every eel a the hall wa filled, many persona who de tared admission being tamed iwit for lack of fees. Tha addreea In part wis aa follow! : Fsaxow Ctrxk5SI hare com from the as to the weat to apeak to 70a for koaeel taooey. I do not Imagine myself to be kn an aaeejy' country. " Ther la to me ao ens key', eouatry within the boundaries of this re- bakUc Wherever I am among Amaricani I kxa among fellow eitisens and friends bonnd insjsther by common Interest and a ooramon asrtotum. In tin spirit I shall discuss the laaatloa of tha day. I shall not deal in fiaan evel philosophy, bot In hard and dry facta, There are sporadie discontents la the ocan 7. partly genuine, partly prodaced by aril lata! agitation. They may be specified that: oar are farmers who complain of the low Can of agricultural products: laboring men plaining of a lack of remunerative em faayateat; man In all sorts of onrsutte com plaining of a general business stagnation and W a aeardty of money. In some parte of the swaatry, especially the south and west, there Sjre atany people oamplalnlng of a want of aaattal and a too high rata of Interest. The mt tor mora money is the favorite cry. These hre tbe principal and the moat definite com HsJaSj. Beyoad them, however, an tmprea mm has been spread by agitators that an or I conspiracy of moneyed men, malaly bankers, in America and in Europe, I by the m on arc ha and aristooraelea of I aid world, Is eeeklng the general establish M af the gold standard of Talus te nsonopo- lareorpsj ta world money to the gen- I this ha found definite expression la the "tag declaration of she Caioaco Blaefora : we deeiar that th act of laTTS deatetiesttUK Car without th knowledge or approval ef Aooertaaa people kas resulted la th ap krecaelion of gold and a corree ponding fall In ems ariose of eonunodltie produoed by tha !: a heavy increase In the burden ef IsanaMca and of all debts, public and private; an) eairiohment of the money lending alas at koan and abroad, prostration of tnduetry and knpaeailshment of tha people." Mart well tasst all then erll conaequenoea are aacribed tin demonetisation of stiver In th United as alone not to It demonetisation any rear else. This is to justify th present tea aa a suSclent remedy of the free coinage at stiver In tbe United but alone, "without raiting for th aid or consent of any other tat la corn, oata, rye and enltna. In WTT her wea another rlae In wheal, carrying th arte above that of MTU aad up to that of WT1, veara preceding the eel of IsVS. Ivrdantlv so far Mm two cent dollar had not made Its mark at all. Dal I will admit th poawlbl plea that, aa they aay, the act of Wt having been paaeni in eeoret, people did not kaow anything about It, aad prior remained measurably steady. In Ignorance of what dreadful thing had hap pened. If so, then It would appear that. If the knowing onea had only kept still about It, the gold dollar would have modestly remained a 100 oenl dollar and nobody would have bean hurt. Put, aerioualy (peaking, II may a said that when Ihs art of IKTs was paused we war still using exclusively paper money, that nei ther golJ nor silver was In circulation, and that therefore the deniouelisatlon wnald not be felt. Very well. Hut, then, In l.r specie pa-niento were rceumiHl. alctallto money cir culated again. And more than that, tha cry about "the crime of lJ7J r.ound.d In con gress an. I In the country. Thin at last I lie AW oenl gold d.illar had Its opportuuilr. 1'rU-e eoahl no longer plead Ignorance. What hap pened! In 1.0 wheat roee attove tlie price of bTV, likewise corn, colUn and cats. lu 1S1 wheat re agnin ; also corn, oela and cotton. In 1S1 a beat and cotton declined, while corn aad oata roee. The report here given era thoae or the new jurk market. ibeyruay vary somewhat from report of farm prices, but they 11ree. nl the rise and decline of prtcv with aulietantial correctness. If, however, there ba somebody believing that, in spite of these facta, the demonetisation of eilver by the act of 1873 imiat la aoms niyi teiious way have done omelhlng to dtprcai price, I meet him with the afflraiatlon that the allrer dollar was practically demonetised king before 173. To Judge from the speeches of our free coinage orators, the American peo ple must before ls73 have fairly wallowed In ailver dollars. What is the fact! 1 Widen I JeAVraon stopped the coinage of silver dollars In 18U9. From 173 to 18TS, aside from fraction al currency which since ISj,l waa only H ml ted legal tender only about S, AHOOU of silver dot lara were coined. They were so scarce that you would hardly ever see one except in a curiosity shop aa a rare ooln. There was constant trouble with the legal ratio between gold and silver, which could not be fixed ae to keep the two metals to gether In circulation. Once one of them would be driven ont of th country and then the other. Meanwhile over ll.0Ul.atj.W0ot geld ooln was ootned. and since l&o1 gold was sub stantially th only full legal Under money la actual circulation. Aad these were excep ttoaally prosperous time. Then the civil war came aad swept all our metallic money out of sight, l'aper money took Ita pla'te, and in that condition we were in ISO. when tit famous act ot UC1 was passed. What, then, was in reality that law that has since been o fierce ly denounced as "the crlms cf 1731" Why, It waa simply an act revising our coinage laws and providing among other things thai certain silver coins should be struck to be legsl tender In the payment ui debts only to a small amount. The standard silver dollar, that had practical ly been out of use ainea President JefiVr- aon In 1A6 hadtopptd lis coinage, a-asnlmply not mentioned In the enumeration. That is all. Tha act of 1ST) thsrufnre did not create a new elate of tbuir. but simply reccetuseil a state of things wfitch hsd exxted for many and many veers. It did thereby not only not destroy half th money of the couutiy, but not a single dollar of it. Why Trices Uava Declined. j But what Is it, then, that baa caused the da- ! eline uf prlcee! 1 arpeol to your cummon use. Do you think that when ooe man, aid- I ad by niechiaery, does as much productive work as formerly ten or mora did, and when our modern means of transportation carry the product from tbe producer to tbe conaamnr with five times the speed at one-fifth the east, and when in the tranamlHaion of Intelligence time is quits and oust almost annihilates, do you think that then the product uf human labor should not In due proportion bnooin cheaper! If It did not, then modern olviltca tioa would in as of lu most Important and beneficent functions be a fiat fail are. Por what It tli Inventive genius of the age that dvota Itself to practical objects sngaged In what else than In devising an 1 developing means and method by which the things re quired by mankind far the eastenanoe and comfort of Ufa be mad bsttsr and mora easily attainable thai la, cheaper? The farmer in th United States welcomed th agricultural machinery which help him In planting, raialng and harvesting his crop. He welcomed th railroad, tha tuabuat. th low freights, th telegraph, which ahortened did that reoeally In a nioet eonolneive manner. ' I will only add I hat I was a tnsinber uf the teiwite at th tint and know whereof I alYlrni. ; and I emphatically pronounce all the etorlea sheet tli act ot I!r3 Itelng patted surreptitious ly ; about eeuelore and uiemttor Wing some how hypnotised, e that they did not kuuw whet they were doing; abetil some Kngltah allh Mr, Aryan's election, the silver dollar. measured by II ptiri'liaalng power, will I aorlli not a eeul more limn the market villus st the silver coiitnincd In It. If the market re Hie of that qiiiiuiily la 6t cenla, and yoil nreeeut at the mini ,V ieiil' wurili of bullion, foil gel back, not a g,.,l ilollar, but a silver lollar wortli Just I) eeuie. Voti mlglit, Inoieiul an being on the ground with much money , uklh( yur ,,, ,,; , ,u pronio6e the demouetla.iti4ia uf silver, and so on, a wholly and unqualllledly false. 1 wish lobe aernpulcualy tHurtetua to my nr-jtonrnti. Bnl as a eimsolonlums student vt couteutpora nrous bietory 1 sm Umnd to any that lu tits 40 years during which I hav leen an attentive ebeerver of ptihlc auslrt I hare never wit liMNee,t uor h.ar-l of su-h uneiHui-iiloua, al-ame-leu, persistent, aitilaotout, cumillallve, glyan. lie lvlng aa hue l-eeil and If now done a lib re gard to the a.-t of I.h.'j, lu origin, lie tiature and Ita coiierqtieio-ee. What Would Follow ltr)an's Kleetlon, IVm-liler now what the liumiMliato e-no qusni-es would t-e if Mr. Hiynn were elected preaident wiih a ixngiwa to match. Mr. llryan would of coiuo e anlloiia to have bla free rolnsge law enacted, but tluit could not be, v. 11 If he celled an extra ac.oti of congress, until eoiuv tune lu April or May, five or six. months sfii-r the day of election, llut aa avit on the 4th of Noveml-er as the ne It of the elt ctloii was annoluu-.Ht every b-nly would know lh.it the parity t gold and siller ! ould nol l- nuilntalne. th mark, 'I for Juak I ho same ai.ionut of non- V. Itltlee.1, bullion ovu---l, linles-. they Itnve 101110 siK-etnl nioi-ii for iik.ng tin ir hiilliou to Ihe mini, will Inke 11 to the mm t-oi and a.il II tile re, aa they very extetmli ,ly do In all nillltrlra 111 Whl.-ll Iheie la free tiilvereolrtng,-. Why alnnihl Ihey nol! lli'iuiuw, If they hare their 1-tllllon 1-0I10-.I, they gt lentil li ll.ler ilol lara for II. Wlijr, If tlirv Mil It 111 the lux I k. I Ihey gel there lrn.il ten, lor ilolluri llkewlw, It will tin reforo b n runre -iueiitit of e inl Mlveilelli o Whnllli r Ihey I .1.0 It to the mini jr In the mirk. I. Ami in I he matkei, u.vr.l lug to all liiiuian reueon and vy rleme, lit price- will, ti'iii.ir.iry Mil. Hi iiioih uniaitii Ullilllig, reinnlu i n I he whole very ne.ir In Ihe llgnri' of the rixl at v. lilrli It -n In lri;e quantities te prudtti e.l. Jir. Ui van s n .mge l uaguilllgt have t hi refure proved only Hint a hen ho -tieu ii of govcrnm-lit pur. loi.ei of silver and rUing pr.ies mul I'lftitiuj a ile Uiaud grciler II. mi Hie aupiily, lie ailitply ihae uol know what tree eoiiuuu la. Kvery aonaiiile r .n, I Ir.i-t. will now a.l It having been maJ certain by Mr. Hrvan'a B1" 'fee "ill-r clim;.. in the I mini election thai Ihe panly of gold slid silver blatee alone will ninke l lMiel.illi.m. tin. ..jimI would uol be maintained, there rush upon the trouaury for the gold Hv,,up H.....w. ,i.-.i I.- CoiiOvli... .la l.i a'v. r it,..,..... I . ..... - it.. deiaptlnn, and the gold reserve would lie ev cln.ne uao of .lvr h. money an t of pni bausted in a twinkling. iMd will Instantly ' bnael upon silver. N.i,!uil Una la v. 1ml Hie diaepiear from circulation to lie h.-anlod or "iver men are really aiming nl lid stiver w ",;,e oi-nci.iiiiam, in.i,,j.ii ould bo a u" "' 'ui """f as iiion. v, utierly I In II I e lmp"ll'le, here a well aa ahroa,l. w'll i in 11 i. y e.ui(riii Kliropo In gold lliouoinetaillsni an i eiHirtl. Why will it disappear! llecauae ! How Kree Mln-r III Work. every sensible persou when making a p.-iyiiicm Ultis now nai,!.r Imw It will nlT.-el the ... H'viei u.... in .ne o T.ui.uio uo. varlolia IlllrrraU of l ie IU-..I.U 'I I... II,. I bleulug w are pnouiNml to How from n c-onage la a general rimi of prices. Tin means tlial the ailvar dollar will buy leee than tlnl lar aud bold the more valuable gold dollar back for more profitable ue. fold will there fore quickly rlae to pre:nium. and we ahull be on the ailver bails lung before a free coin age law can be enacted. Vi'ual doe It mean lo be on th silver baaia! The word "coin," wher ever II ap'-ecre In the law, will no longer menn -T-iu, we. m, mr unuemuHHi. uill sliver and the. nninil-ki of hh-li alons. The greeubaek or treasury note re- l, veinni.u ii..r .1. n gol.l dollar did, anil this f.T the reason thai It la no longer worth aa inmh aa the gold ih lar. rvl.lenlly Ihe pr..iiile of lilmeulliatn, i f liver rielng to Us oi l pm on Ihe one hand. pricea na nig in a silver d' Her 011 the oilier hmnl ...-.m.... .m w... ..... ...er imiiainei do mil go together. The one nr Ihe .nil. r la a In geld, aa heretofore, bul only In ailver. The fraud, of cuiirae the fraud 1. the pmrni-ie lulled btases bond payable In ooln, no matter bimelalliam. The rue of prices owing to Ihe whether gold was paid fur II or whether It hsd debasement cf Ihe dollar will begin .1 been sold for Ih v.ry purpose of buying gold as aoou aa gold ,lu,ru and we slip ..n Ihe ali tor the ireaaury. will be paid, principal and r baaia. Ufead wi.l U dearer: milk .-..iT.h. and th banking arrangement required for : " " """" ' Inler-iet. In silvsrrepmlialion as fiagranl as the world ever wiin-eil. Our daily trans actions la buying and selling. In paying and receiving wag.-, will no longer be rarrl-xl nn upon the b.ia of tbe gold dollar worth luu cent, but of the ailver dollar worth W cen la or thereabout, for the government will no lunger bold up the silver dollar to the value of the gold dollar. That la what Ihe ailver basis mi-ana. You ran atudy lu Meiiro how 11 worka. The quantity of gold vanlahing from ctivulv Hon will amount to ab-uit liou ouu.OUl, tne dis appearance of which will ruilie a Ireim ndoua bole in Ihe volume of our currency. Nearly one-third cf It will be gone, and what remains will be reduced nearly one-half In pun 1-a-mg powsr. But, says the silver man, there win h free silver coinage to fill the gap promptly with ootned ailrer or silver certificate, nh. mi. my fellow sufferers The disappearance of g"ld will hartvn nromutlr after the el. .tt, of Mr. Uryati, and there will not inmaittly be any free coinage of silver for at leaat an month, and It will r.-quire a grent nian more niuulhe to fill a op of t..i,i,ii.i. Th t ree Coinage I'sule. Wb.nl will hsppeu meanwhile! The St. I.onla Globe UemiK-r.il renorta Mr. Ilryap to have said aims lime ago: "I think It," meaning the victory of the free coinage movement, "will cause s panic. Km the couulry la In a deplor able condi tmn. and It will take extreme meas urea to reetorell loo condition of pnaperty." Whereupon the M. Ixmia pa;ier poiuledly re marks, "Evidently Mr. Uryan has heard uf the doctor who always threw his patient Into fin before administering any curative medicine. " Just so. How, thsa, would Mr. Brvsn's "111" work! sugar, tea. meal, vegetable, will b dearer; clothe, ehor and l;.i:s w ill lie dearer ; rente, furniture, coal, k r-.-.-n. iti short, every ar Hole the price of win. h can Ui raiav.1 by Ihe Seller. High prloeeercn tw.i edge I swonl handy to the si ller, bul un; l. aaut lo the buyer. They proaa, of colirae, Lar I. at u.. Ihoea who ar compelled to buy inot III proportion to lln lr In.-ome or their earning. And who are Ihey! The poor people, V. Ii.il a rich family apen.! upon Ihe aetual m-e. aarl. a of life, tlie iml: pe:iaable fn.Kl. il -tiling and shelter. Is very llltl.i eomp-.nd Willi li imiiie. Moel of 11 eiieiihtur. g 1 for thmga Il1.1l are not 11. i-ra ssrle.a ami n.ny In- .-la-.) il as hum ie, the pur chaaing.f whloh m.iy In. i:a'N n.le.i or t-"l-poue.1 -A tthotil tiar.Uiup. lint the ii-ior family, th.) wage . nrn. r'a family, la obliged to ajien I a Very lar f l'r' "f Its 11 ollle frein il.I 1., ,,y uimii f . h i. . ! -.lili.g. Iinl. r, h, at a:i.( lig.it, th.il i-a:ino l le...-. r.uly iliain.! wlt:( Willi. .it h.irila:ilii. ti.'.iiii rli in the prl.-, a of the nee. si-an, .of l;f.. th,! pour people there fore aufter by far tli lie -t. Where tbe Wage I nriicr Will Cow In. How aiaivls th.. . ,!-.. i f Ihs wage earti.-ra w1k.. pr...liM-t ctt be rm-a-d in prl.-rt pr- j.r tlonaln b) the i!.-..-.aemetil of thedolUr! As the dollar f .Us In vsr.l.. the nialiufai-liirer or the merchnut murk, up lit g'io.1. The wots Ingniau or the it. i. Ilmllug hilliM lf hard prceeed by the rlii lu pr'.re of Ihe uecee.ti lie uf lif.i. appll a for a o..i reajionilliig tm-reaae of wage. 'I lie. head of I ha fa t Ty or the uiercAUllle ee'.al IKiimmt avlmlls thul aa ire In tr.o la called fir. liin," anys h -, "yu'i are not Ihe only tier., n lu trouble. The value of our money la fliirtiiritiug Wn bardl.v know what II la today. Woiireiyilom l know what It will be. neit week. 1'rollls are exceaealvely The suddeu diaappuaram-a of our gold from circnianon wouin produce Uio moat ainngenl close anyhow. We make a sale or a pureliaae contraction of the ourrncy on record. Hum- today and thiuk II Is at a profit. Tomorrow nem raen who owe money and at Ihe same we may find that It waj at a bee. We hardly time have money due them will be forced to venture to make a contra.-l to be filled sl a collect that money by every means sl their future llroo. hceause we can make no safe cat durpoasl. Nobody will be Inclined to Isnd oul oulailona. Ws can im-reoee your wage, a lit any money eioepl upon extraordinary sec u- tie, bul nol mu-h. Kur thsl you will have to rtly. The hanks will naturslly consider II their duty to keep themselves strong, and there fore to call In loans and to restrict their dta Thai platform la amplified by free coinage nratura, who Ml nj that th act of 1KT3, called "Jbaerime of 1873," has surreptitiously "wip al nt" one-half of the people's money name tf. Uver; that in oonaeqoenca the remaining half cat our metalllo meney namely, gold as kean of th whole financial structure, has to to the sams business that formerly was done fcy gold aad silver together; that thereby gold lU risen to about double It former purchas ing power, the gold dollar being virtually a 2U) ant dollar; that th man who produce things tor aal I thus being robbed of half the price, arhlle debts payable on the gold basis have be- onte twice as Heavy, and that tfaia fall of Vrtomand Increase of snrdensissnrlching th aaeaary ehangs.al and oppressing the people. What Are the Facta? Ar these complaint well founded! Look a fact whloh nobody disputes. That there has been a considerable fall In the prion of snany articles slnoe luts la certainly true. But era this fall caused by the so called dcroone Daaatlon of silver through the act of lsTd! Now, ot to apeak of other periods of our history, nob as tha period from lit to 11. everybody Jkaows that tber was a considerable fall of sn-tcea, not only a to agricultural products otton, for Instance, dropped from II a pound In Una to 17 cents In 1871 but In many kinds af industrial products before 1673. What bap named before 1873 cannot hsve been caused by rhat happened in 1M78. This la clear. Th ah linkage after 1873 may, therefore, have been aaoeed by something else. Another thing 1 equally clear. Whenever a hang In tbe price of commodities is caued hy a Changs in supply or demand, or both, then It may affect different article different ly. Thus wheat may rise In price, the supply being proportionately short, while at tbe sams tlni cotton may declln In price, tbe supply being proportionately abundant. But when a ehang of prices take place In consequence of great ohanga In the purchasing power of th money of tbe country, especially when that hang 1 suddon, then the affect roust be qual, or at least approximately so, as to all articles that are bought or sold with that money. If by the so called demonetization of silver In 1673 the gold dollar or the dollar on th gold bast became a 200 oent dollar at all, then it became a 200 oent dollar at once and for everything. It could not possibly be at Ihe ting time a 50 oent dollar for wheat, and UO cent dollar f-jr coal, and a 160 cent dollar for cotton, and a 100 cent dollar for corn or fir shovels. I chsllenge any on to gainsay this. Price and tha Act of 1873. Now for th fact. Th act of 1873 in ques tion became a law on the 12th of February. What was th effect! Wheat, rye, oat and era roe above to prlo of 1872, whll ootton atecllned. In 1874 wheat dropped a little ; corn mads a Jump upward; cotton declined; oat ad rys rose. In 1(171 thsr was a general de- la laVfi than was a rles la wheat and moving and selling his product. Bul as near ly all oar farmsrs had th ami encourage ment, to It followed quit naturally that tbe wheat crop of this ooanlrv Increased from an annuel avenge of 812,000.000 bushels between Hf7t anfi UHO to an anaual average of 4T4.00U, 000 buabala between 1600 sad luTo. Prat also foreign countries had Ihs eaooureglng benefit; new wheatflelds were opened la Kuasla and tha Argentina Republic and elsewhere, aad. according ta Bradatraet'a, a very competent authority, th wheat product of th world grew from 1809 to ISM no lea than st.OOO,000 buahsls, whlla th world consumption Is -tl mated to increase only 12.013,000 lo ll.wJ0.0u3 bubals annually. When th Increase of th world's supply thug gain upon tbe Increase of the world demand, la It a wonder that In tha world's market, which rule the prlo for all exporting countries, that price should hav declined! Is not this an Infinitely mora ra tional siplanatlon of th declln In pnoee than to aacnbe that decline to the so called de monetixstion law of 1873, which practically de monetised nothing, but waa actually followed by an Increase of our currency, nearly trebling lbs volume and making tbe per capita far. far higher than it ever bad been before, and high er than It is in any other country eioepl one! You might aa well ascribe our civil war to lb great oomet of 1811. Our Recant Silver Laws. Cowed by the uproarious outcry which was started by the silver miners snd taken up by the "clxinp money" roon, congress paaaed two laws, one lu 1871, the other In lew, In pursu ance of wbiob over 4,000,000 of sliver dollars were added to our currency, more than 60 times as many dollars as had ever been coined before, benides a large addition to our sub sidiary stiver coins. Our paper money waa largely Increased, so that while in 1873, the year In which the American people were said to have been robbed of half their money while In 1873, I say, we had 1774.000,000 of money In tha United states, we had 1:1,217,000,000 In 105, nearly three times aa much, and whll In 1873 the circulation was 118.04 per capita, It was VSi.Vi per capita in loWO fifty times a many silver dollars and many time mora money of all kinds than this country had aver had in Ita most prosperous days and yet the price of silver In the market kept on falling, and the prion of many oummoditlis, agricul tural staples Included, continued In their de clining tendency. Now analyze this case. Upon what ground do the silver.advocates as sert that the ao called demonetization of silver depressed prices! According to thtlr own reasoning, because there has not been sufficient money to sustain pricea. Bustain what prloes! Those prevailing before 1873, But there la I sow three times as much money as there was In 1873 and a much higher per capita circula tion. Well, what become of their argument! Bom of the silver philosophers have Invented a more mysterious phrase that prices have gone down beoauseby the act of 1873 th "mon ey of ultimate redemption" had been curtail ed, only gold being available for this purpose. But, according to the treasury statistics, ws had In 1873 only 125,000,000 of coin, Including subsidiary silver, In the country, and now we have much over 1000,000,000 of gold alone, or more tban 24 times as much money of "ultimata redemption" a in 178. And yet price ar low. The man whom snch facts do not con vince that the decline of price cannot hav hen caused by any effect produced upon our currency by the act of 1873 must have a skull so thick that a triptiammer would not drlv a sound conclusion through It. Bow the Act Was Paaaed. But I bear myself asked, If this 1 so, why was this act of 1873 paaaed secretly, surrep titiously, stealthily! Por silver orators hav been persistently dinning Into th popular ear for many years, until millions believed It, th story that th silver dollar waa "assassinated" through th law of 1878 by som dark, oorrupt plot. This fable baa been so often and so an thorltaUvaly disproved thai I am unwilling la take It np again la detail. Senator Bhsrman almost caution. Boslnea establishments. manufactories, tnsroanlll kousu. unable to gat ths money for meeting their obligation, will by th hundreds suooumb to their suibar raaatnsnt and tumble dawn Ilk a row of bricks. Other will cautiously restrict their oporatlunt to the narrowest possible limit, and wag earners by th thouaand will loss their employment and be turned Into the street. No elass of society will be spared th de structive onnssqusneaa. Every frightened crediior, pnsusal by hit own creditors and ap- Wall until thing are more settled, liealdea, this silver free culnige has throw n all bul ness Into dreadful runfualun, snd there are plenty of people out .,f employment who would do your work for li-a than you vl now." And so the wage earner hss to be aal tailed with a little Increase nf pay and wait for mcr whll lb advanced prices of necessaries prey upon him. Is this mere conjecture! II Is theetperienea cf every country that baa been euraed by a rlae of pmes through money uf fluctuating value, I defy any one to ahow m In Ihe whole history ot the world a single exception. Ilsvs we not, during our civil wsr. witnessed It with our own eye! In liw, when uur Irredeemable preaaaairsoi a growing I me ny every dsy s paper currency hail begun to deprertut., ths delay, will eagerly aonne upon his debtors, average wages of laoor roee only I per Mill, Th prompt settlement of vry account will whll average prii. a roa 1. In laria, when be peremptorily demanded. Our farmers who wages bad risen 10', per oent, average price hav mortgage on their property and who were 49 per cent higher; In 18H4 wage, had have been told that free ooln. ge will maks risen am, per oenl and pricea POi,; m 110 things exceedingly easy for them will bare wage bail advanced 43 per rent and prices 1 1! aura unexpected xprienoe. Every mortgage above what wage and pricea had been In gold debt that la due will be quickly called In. The In 18fll. In other wor.la, tbe laboring man's mortgsgeor who tries to hav his bond extend- wage had lost lu purchasing powsr more than ed will find an unwilling ear. H who seeks 80 cents In every dollsr. Every country In to borrow money In order to ruplaoe lb old boring under similar conilltlona tell th same mortgagewltb a now one will be told that this story. What reason In the world Is there lo Is no time for loans, except, perhaps, upon ex- aaaum that Ibis universal ruls will not oiwr orbitsnt conditions. The mortgsgeor msy find, ' ale In tho caee of true coinage! too, that bla bond 1 payable In gold coin, and And what have Ihe apostles nf fee ailver b will hav to buy the gold at the premium coinage to any to thla! Hear Mr. llryan him then ruling. Foreclosure will be the order ol self In his famous Now York oration, "Whll tha day The mortgage.,!-whoek. shelter un- a gold atsnda'd raises tho purchasing power ttrSZ hu ry XI ,h.co,tXhro- ? """" " "----- dllflc.t to needing. Everywhere anxiety, embarrass- obU,n P"osion of the dollar-employ mrnl raenl, aaorltine. loa and diatrea. even before ' prnnnnent, has uf work mure probable air. llryan oouM aaoend tbe presidential ohair. nd rii-employmrut lean certain." Is that all! Ilryan's lllinetalllsna. After flv or six months of such a deadly crisis, Mr, Bryan's extra session of con great would begin and give us free coinage. Then, as Mr. Bryan solemnly promised us In bu great New York oration, free coinage will give us bimetallism, bimetallism will give us an abundance of money, and all will be right. Bimetallism! What Is bimetallism! It is a monetary syiitem In which the two metals clr culato together for all the purposes of money on a parity with each other upon a fixed legal ratio, whi. h lu our case la 13 to 1. Evidently to have bimetallism gold must be on hand a well as silver. Yes, all. Doe not Mr. Bryan know that un dor wh.it wui practically tbe gold standard ws bad in tlie tlftlm one nf the most actlva and prosperous periods this country hss ever seen) lMc he nol know that moro recently, at th time of the return to sficcia payment, we hsd under Ihe gdil standard year of sig ns! prosperity with all hands at work! And dues he wish to leurn what hss been tbe trouble since and what Is th trouble now! Let blm a-.lt the employers of Isbor, and with almost one voice they will tell blm thnt nut the existing gold atunilnnl, bul the growing danger of Its overthrow, thnt the growing eg gresrtlvenes of the free oolnago movement, .n . r ... .u. u t.-t a filling the minds uf men with anxious enure th. money power! Evid.ntly h. must offe, , to dark futuro uncertainties, has an inducement! What Inducement, To UBSJlr.M sure, ths mints will be open to gold as well as ,tudy the history f the :,M, Jm. Not th! vii wuu w.i, oner goiu uuuion wj navt ' gum siannara, out aistruat of silver destroy- silver, It coined Into dollars for circulation when h can hav silver dollars with tbe same legul tender power at half the price! Only an Idiol would do thnt. Of course, gold will be offered only when th ailver dollar Is up again to tin g-ild standard. There Is th rub. But hi r. Mr. Bryan steps in with a theory whloh la a curiosity In statesmanship. He said In hit New York speech: "Any purchaser whostanilt ready to take the entire supply of any artn li at a certain price can prevent that article from falling below that price. Ho the government od the confidence that emiilova lalu.r Tl.ie Is the truth, and Mr. Bryan will In vain try to deny It. Debtor and Creditor. Ths free colnugu men profess especial solici tude fur those whom they call "the debtor clsss." Who are the dobUir class! Our silver friends spenk ns If, at a rule, the rich people were oreditors and tha poor were debtors. Is this correct! In my household I am th debtor to the cook and tlie chumbermsld and tha waahsrwnman two or three wanks In the can fix a prlca for gold and silver by creutlng month, and they are my ormlltors. Nor a Qomnnn gn-nu r than th aupply." Anil "r ' "e ucutora to anyoony elae, again, -'When a mint prlca la thus entalHkhcd, It regulates the bullion price, because any per son dralrlng coin muy bava the bullion con verted into coin at that price, and any person desiring bullion oan seour It by melting thai ooln. " Would He Silver Monometallism, Whst! Is this to mean thst under free coin age ths government will purchase silver bul lion and pay a certain fixed price for It! II so, then Mr. Bryan, tha groat free coinage apostle, does not know wbst free oolnsge Is. Let us remind blm. It means that the ownei of silver bullion may take It to th mint and bar It coined and returned to him In oolned piece, ao many dollars for ao much weight ol par silver. It doe nut mean that th govern ment "stands ready to purchase th entirf apply or silver at a oertaia price. " Tha gov whll I may bo, for tbny huva little If I any credit, wbilo I perhaps hnvn soma. I am I therefor the only debtor In my house. Th relations betwsen tho largo employer of labor and th employees are substantially the same. Ordinarily the employer, the rich man, I Is apt to ba the only debtor among them. I Th employees are, as a ruin, only creditors, 1 and aa tbey lay up savings tbny are spt to bo oom creditor In a larger sense. They depo- It their money In savings banks or invest II In building associations, In mutual benefit socie ties, In loan companies or In life Insurance policies and become capitalist In a amall i way. Tba amonnt deposited by people of j small mean In the savings banks of the United Btatea la at present something over 11,800,000,- 000, thst Invested In building association about 1800,000,000, In mutual bene 111 soclette " uno 01 taM, 000,000 and In lit Insursnce many nun It. It msrsly receives th bullion, .tamp II ara minion, mors. 1 . " . " "V1' ,' Drto- " The Busbar of nch creditors belonging ta " ft rnmsnl (top. holding np thi whal oar silver friends often call "tha tolling surer dollar to U goad (tsawUru. a II would la thersfurs rare hug. Together with Ihelr depeuilents II nay, for sushi wa knew, anmunl lo H Von. UIO or IMIV(1J. Who are the debtor uf tlieae creditors! The sav ings banks had, aiwrallhg In the rmrta of lisva, hanied out ahoul nun half nf tho mi.iiiv ltcpjtltel Willi them un reel slnle llmrl gages ami Invaeled Ih oilier half In l ulled Mini. homls, stale, county and mtlnl-linl boit.t ami railroad and other lnonla sinl slm k. The In veatmeul of Ilia life liiaiiian.e companies were nlailil proi,irlloltatey iheaams. The In Veal oli'lit III rent eeliite luol'lt .gea arwalw svs prefeiulily lii Inly- aiiioiiuu, is properly lo I ilti-lng l.i c.illlWi allvely we iltliv pel on or to luiaiiiiaei eorjiolatloli Tlnia liio il. I..-r to tl.ee ere, III.. r Wl nu'lug t' the lolling II, I -ml arc tin. I'lilled rtlalia. aWiloa ami li llllli limit' Ilea, rntlroa l and nlhr eorpol il lelia an. I p, I ' anna very mm h rioln r Ih-ni llm i no'1'i.. Item we tfave, then, toll il.l-l.'l owing lo many inillious of poor ureil.loiii iheti..oi.ia ,,f million of itoll.iri. Till atllcr or.il"l'l pretend llnll IhrV leive the tolling muaae real ly at In m l unl hot f'-'o ih . I ii ic la lo be iiitrialtn'cil inah ly foi in -ir ben, hi. Ilow ilo Ihey tnkil ate of the! Illng l.taas,, In this cwaef III litilifh'g t;a il.-e il !ii'Utho ailver l iil liny aiini'i) cut ,l".i Ihe I l-oiisjiuil of minim a of oileaWsl ,n of poor peoj-le til al oul !, ilia I', I III.' il"l' ,1 An. I r-r who.. ..oil1t la thl i ,l..iii l.-r l.i I, in lit i f I he lo hi oi a of I he.. r p. 'pie, iv lei W .II j:.,lll ahoilt hi eelita ell I, o ,l, !'i,r. A'l I llliu atii ll.njl Aside fi ne the I nil. . I hi t, a ami tie al ttr mill tniitih inalil , tl,.'i. il.-l'Coi are railroeil ami oiinr iiri.o it h u i mi'l More or l roh iiien. m ii"iii our miIv. r tl inula pr.,fea I i a'.'hr Very trail. Il ai I'. 1- iig lllg III ll.e "Inoliry power." I'll I Mill l.,t sliver Kltin.lar.l lile,l the po..r .-y ...llt..r f , r tt,e U'lielllof Hi tl. b il 'l.tot M. n l I.e. I.'ii lllg lloia-aa i, h.-avrn to ,1. it a a r them of llu tlie . .,ilinge frieti.ial Ilow tlie IV. . (.. a Hating Will I .re. And Wllhl hsve tlieae friends tl m.y In llia.r pw ii defense! 1 will .ia.li let Mr. Hi y an s Ar oiU oralnill sH-tok. lit a)s ftrat, wild regard to the liisursnoe i-ompanua, "anna In Intel premiums re. rived ea.-ee, Ihe total losaea ,l.l. a riallig alatliinril lllllal I nf more I.ein Ul In the laitlipanlrs Ihnu to the poll, y II. I.ler " How wine) An I thai Ills ci'ii'pjuiee may not ' have th's beiiilll h pro.,, l-y the allv.r slnmlard to sir.p the i!.i,.s ef lhp'lliy holder of nearly b.f Ihrlr Valllnl Mulilie Uol Mr. Hrjsn know thsl llioal uf theau eo.il piul.-s are mutunl lliaiiran., and that w 11 bcueflle or ItlJIireS tlie eon pantee theruf, to lienefll or I11J11 r.as Ih i;i. r h"ll'rf As lo Ins M viitg iwuik ii..u.iiors he avis, "Umbra g.'ht eUtulerit ll.ele I llirrvaaitig daiii;. r that the aeviuga Innk iep.all"ta w i.l lo.i lit. ir il'-l alls be. atlae of thd Inat'llll y of the buika to .vile I tluir s-wnta. " ' An.) l.i avert Una linngi r Mr. :ryan ai'i li-ee e ! 11 y whl.bwouht, l-y the liilt.atu -li,n of tliealli.r Stamlard. at olieat .tit . wn the vlli of 111. e aa I In ,'0 i ma i.n the ilelUr lleluil i. r an. "If tlie gold alamlir.1 I. to r -i, I It, no ii' llrlloltely, the t, KMIl,tra 111 a"ll llu-a hanlt-i III 'V lai e. l:.-le.l In wlth.ilii'V 1'ieir .1eH..i;a ; olii. r to pay 111 U g rip, ii-.-m " llnl.-,1! I! Ii a reitmrkal le fn, t th ,1 aim e ),'i, the year i f the grunt .-tune, until KQ. iltitnig Ihe iwrl... a he.i a e ia, to u:f .-r all the , an, tin lie "f the gold aUuiiei I, the i..,iie U ae. iuba I auk have, limited . f l-iog wlt.iOraaii for livn-g raienee, uier. iia,-,! i .a.t.v. ly Inrieaw-U -mn.-lt nvi f ll.i.ai.mo.vi.i. An I tl.i-y wu;.l IlllVe Itu-r.SM-il li;l mere had II, .1 S..,ii.feH't or w iiii'lme ii Ihrir .b p. it. n. f,,r livn.g cip.-ll... till to aetnl Ihetn t., r'ni-.p,, f,,r aif, ly, mil . f ll.e way.f Mr Mi) an anl i l'i, r frleli.l i f the to, ling m.ieen. 'Ihey Wllllm liotilit bring that money Ui, 4 mm .Mn aa Mr, Uryan la lalen. le t 11 a go en Almol ev. ry man In live bualueea la .1 tlrhtor nil. I a rre liter al the a.i.ee tin.,- eveiy III. rohu lit, every linmif.i, t ,ir.-r. a creditor In hi 1 nap, mem ami e .1, ol-.f In th'e fr-iril whom he In.y. ,rt J'.-, llryan brlna on hi 1 ai.le. a.ol buii,'r..l 1 if nol II. ot. a.lioa of lloon. altheiieh ever ao aolient tllol. r cnllnary eitei.l.l.lMl.a a. Will bre..k I-. Iiae Ihey annot pay wlial lll. y ,, leiing Ulial'le to lilla'l whet la due litein. "4 Itrap Money" tallai-lea. Hul we are tol l that tha llr) an pai lc cannot last f irever; that finally Ih buatneas of the country w ill aljut llneif Pi the ailver I aala, that lliro iitireat w nl ree, and lli.it eonrlili nee and prueperity will return. Ko, the unr.si will nol enaae, fur with Ihe eelal llalntieul of the silver baaia will route the dtapKinlmeut : of Ihoae who brought 11 on. The ultimate re 11 It la nol al all uncertain. . After a period of Infinite confusion, dlaaaier, : bumlllalion, suffering and misery th Amer ican people will at leal regain sanity of mind ' and arrive again al euni very simple roni-lu- 1 alone: That, If yon call a p k a uuahel, ynu will have more bualiela, bul nol moregriu; ) If you call a foot a yard, you will hav mure yards, but act mure cloth, if ) nut-all a sijiiara rod an acre, you will have more acres, bul ' nol more laud, ami It yuu rail UI cent or I cent or a bit uf paper, a dollar, yon will have more dollar, bul not more wealth In- ; deed, a great deal lea chain for wealth, for j yen will have far Iraa credit, because far lea hnnearly. We shall then have learned again ) thai Ihe w It of man rannnt although Insanity trie very hard Invent an ecoimmio ayatmi under winch everything you have to sell will ' be dear aud everything you have to buy will be cheap. And having got hold of tlieae Vary, very aimple tnttba, Ihe American paMiple will then In aaokclolh and Min e rep. til of thla In aane free coltiuge debaui'lt. 'Ihey will then rnixagnlae bow wiew tbe great eiviliae.1 nation were In adopting the only money in our iU a : raabte uf being tho money of the world s . octnmerco aa tbalr own money. We shall then I be aufilclently cur.nl of prejudice lo charrve : I Iml under that monetary ayaleni Una, u. 1 tioiia have on the whole prospered, notwith- , Biamnng aerinu avua ami ilrawhwka umler which wa do uol Inlair, ami thnt the rate of m lereal Is lowest where the gold standard has eilaUd longest. We shall then understand that It U good thing to have lite nccmaarli'a of llfo In plenty and cheap; lo have wagea rising and payable In money thai doc not deceive; to have oapitnl Inapirrd with nunllileuc In ths vslue of money, sud therefore eager to go oul In Investment or enterprise. We shall thin readily a knowlidgn how foolish we wars I I from the very In-ginning uf our sliver expert- I , ments in throwing awuy uur gold for silver, I by which wo Inat contlilenre, credit and proa- I porlly. I'hnetniieil by advrraity, wn altall then ' no longer imi lompi'-.i to repeat am h iinnaenae, 1 nt private as well as ni I but with laborious und painlul effort we shall could nol psy In lull ; work our wsy back lo thai niuney atandsrd j which will Inaiiro stability and ronflili iiun at 1 home and eunulo us to trudn with the nations ! ol the world un eiiuul tiTiita, It I nol my habit to l.aut of a warm heart for the poor and suffering, Hut my sympathy Is no lues alnoern because 1 do not carry my love ami solicitude for the common people constantly at my tongue's end. If there Ui those who am sntlufl.sl with every thing thst sxlats, I am not one of them. There are few, If any, who abhor that whloh may properly be called plutocracy or detest thn arroganea of wealth morn heartily than I do. I know, also, thai thn Industrial development of our tlm have brought hardship Pi some classes of ieo pln which only the more aitgacltius, unlive and tnergntlu among them have bean able to onunlerbsJniicii profitably with Its lie in fit. There are law and practices which, bad 1 the power, I would promptly change, in thn Inter est of common Justice and equity. But be causo I am so minded I must oppos to thn utmost a policy which, 1 am convinced, will Immeasurably aggravate existing evils, 1 also know full well Unit a lurgn majority of thomi who support free coinage are Imuuet and well meaning oltixena, wtrililng lo do right. But bcoauan 1 know this, any blood stirs with In dignation when I so tbu unacrupuluu efforts made to goad them on to their destruction. I have wituimucd In my long life ten presi dential campaigns, but nuver one In which the appeal to prejudice, pasalun and cupidity were ao reck lea anil thu speculation upon as sumed populsr Ignorance or rascality so uu duolous and wicked. Home of the al! mr ora tors actually speak as if they lielleved the Atnerlcsu people to be born fools or kuaves, or both. Hnctlonal and C'laas I'rejudlce. They seek to excite the people of the weal sgalnat th east because, as Mr. llryan said In the Chicago convention, th east Injurious ly interfere with ths business of the west. Ays, th t ha Interfered with western business, but how! In helping to build west ern railroads, to dig western canals, to set up western telagrapha, to establish western fac toring, lo build up western towns, to mov western orop, to allay wea tern dlatrsss caus al by Irs, flood ar drought. Has thl. served to earloh Ih east! Yes, m) sa It kas aorbnV ed the weal. Their wwaaih and iraaaSniaas have been mutually hulll Bp-by Ih karttiealirii cie iipcratlnn nf lltslr bravfn ssil brain snd money J'il aa ths Mood nf Ih. seal and th weal mingled im Iks summon balllsflelds uf the re public And now mimaat this young man, as If we had pel suffered enough from aaclluva) slrlfe, and talk ot "enemy's country I" They seek In einllu wluil lhy esll "Ihe pour" again! whs! Ihey nail "Ihe rich"-In Ihla laml of great nppm 1 11 nit Ire for all, where, now aa ever, an many of Hi a'r of yeeleiilay are among the rleli of Imlay and s.i Insoy of II1.1 rich of today mar be among Ih poor of Im mol'row , Their calliiiitale for the preel.lem y prt-ai aloit a eh.iraeterlatiiiaieolite. when ami. inn .Ii;. t he Wn kllnlly ali-jwtt over the f. inn I'f Ihe governor of ,New V .it'll . Wll'l la 111 aelf It a c 1 a lipid of Ilia sir country boy rlno'i I f al io aiel hiiiiel 1 ftorl In MlTlurlioe ami ill' I , tl ' li.'ll, nil I W hen lli.il enmlliUte lht llatta i .il' a v In pnl'tl'i ai-.,.ii drew iiivhll..ii o-m piilla'iiia I. le-i eil the eh.talil lioliaea "It Hi tin. t. oil ami Ihe l-inr enl i.ia lii III. a,.k tl' o htitg not llut Irua Allien. li lea,.n f am oeaa H.i'l ly Ik 'Hi al tllilllatri, thrill ami ailler pl !, loll Ih, h'tail Unit thoae V. Im liai ami ieeite.1 Ii .1 1I1.111M h it., ami light to JM.h., h ue sue e.l -i 111, T. - a l. a"ii ulterly till Aoiatlo.m, lliipall lo'.le ami sla-lli illlil I Til") ti ll II fill ic . r moat eril. lle', lon --I n.,1 1 1 1 at ami Will le I'.a'le linleiarii'leiit of In n.,'11 fl,r",..l a lulu yaur alter year (loin ...'. i n 1 1 l un ,iai ,( 1 wo. Ill of our na'ri-nl'or 'I pr. l 1 1 111 n 'I a. !; Ine foreign 11. irk.i 1.1 I inl iii li.ii' i t S'.il Inle nothliig 1 III Ii 11 rl th fiitmrr n "is lti..-t u ttrlona Hit I' iirm.-in ot Ihe i;ii-al home iiiwi l. I l a Lul lieaj 11 lata I slae friends if labor. Thr y pro. lei III t!. cilia 1 V. s Hie apeelal riim- p..l', of the t"ll tig Riu-aoa. whll. Illlr pnlly wjuol rot th lai-'ring ii.an f lialf uf hi sav ing nml grievi.in.ly curtail lit vslus i.f hi wmi,-, An I aake.1, if ihe silver etaudald will t' Utlrsly re Iiiimi waa'". .liy ao Inaur emtl"ieia i'f lal-r are uppoead i. it! Tl rea" ,11 la obvloiia, lapeauae, aalile from all cam aiitoratioii of aentlmenl, Ihs pru.liit siaploy-st-i of lain r know llinl t,oy wotiol ls lastly mora through Iha iliaejalr.iu lllalurbanoe uf l iiantea anre l,i le can-!! t flee oclaag i.i. ry f an they 0.1, . 'hly gam If th i-lwa 'telling "f lnl r An J Would Iml the totllng Insaa.a euflr neel from that illstitrbane uf I'tiBincA! tie la a traitor lii Ihe tailoring ma wli" 1.11 bun llml be can profit by ihs ruia uf In 1 - in l, rr The ni,it il.-r ileitoiin.a Ihe geld standard a. Ihe d-vi.'(t nf 1,1011 trehs en-l al lt'-rele, w lille Hi blatory of tlie worl I l'hee that from time lnimm"rl It waa s fsvnrlle Irli-SJ i f lilt ae-ril pi. b.l-w ,l'a. I to fit -e tltrtr euhjaa-ta I y l l..t.liig t ie it. In of tin realm, ami thai tli'tae who oul of Ih Itu linUry ontfllstuBl rvi :v I Pir I atnii'l.ir-,a of vatit- ami nintlaf th..l ai mil i-."l ih'Ni. have a:a.v b.ii rank ed ati'oeg Hie ni Ml met itortmis benefactors uf liKiCkni'l ami tai-e- tally of ih P'ir sad week. i hey . a to inranie the vanity of the Amer loan 1.. pie by telling tliaoi Itial we ie great atel airong rn.tufh lo inaiutiu anr nntiterf avatrrn we IP.-, atel lo heap np Ihe Value ef 1 ur mn. y wi.h-nl r. gar.1 l. all tl-s world ahr.aa.l - while oi-.r own Malory tvaehee us thai a t-erlttry si Us Amrrlouti .,pl wr tr. II g eli..ok; l.i aliak" 1,(1 III J' k of Ofal lirltaln, tot 10 I at.,ug eriolili to aave their couth, riitel iiio.i.y fr oil iteolliniig III Value to nothing, llml 1-1 re ei 1 tin.,, tho Ainfli-an ti"!i were atr.'lig . notlgii ti lalalu a gigan tic r. la IU 11. I tll le I alrotiy wmiugh I. keep an in I .inle ln if gie-tihaeka al ar, ani 111 Una repiili.'n mar aim I- rnti.iuer Ih w-irhl, ti 11 1 11 will ii..t Im ah. ti make lelus I-., hie or lo U'4k ltae;f ro her by watering II 1 1 1 r r 'iti-y Hi. v i rg of t ,n ailver dollar a Ihe money nf the coitatitutioii, while Ihey itiul know that there la rt"t one ltg; woril in Ihe ihiu sliltilli'ii which, hnneally tltlerprele.1, .-oulal Juatify Bii' h a elalui. I hay iitv.ik for their nan the nam uf Jrff. rs.iti and Jeikfi. while every reaii.rnf hiahiry know Inal jeff.trsnn sn. Jaege.ri w.end have al. aghast al lhlr wild aekana of creeling by law a false value and would have klake.1 oul of their preeanee sa a publi nutvanew any una asrlnualy aalvocatlng It Much thing Hi fr e.lng agiletnr lei) . the Amarleeli Hpe, BSalinillig ihani to Its without Intelllgrnee 1 ar Worse are tlie ep. nals Ihrv miaraai Pi Ihetn, aauinllig Iham U be wlthuiil luural srnae. Iiinaiural flras. They hsva been l.aohlng ths people thai because lbs price, cf wheal and utlier Iklag have fallen alaiul un half alai-s the en called i1ruiotit.tiaj.liou year, IKTS -I have shown why thus prices hsve fallen II la not euuiuhi that debtor should be held to psy more than belt tbe smoutll lit their del ta In gold, thai Ihey should la released In eortwapondaac with Ih decline nf priea-e, and thsl II wonts, therefore be right to reduce by free allvtt oolnsge the value of the debl paying money by one heif. HuhJecl the principle lo a simple leet. When I entrant debt, I owe whsl II is mutually understood that I am to pay. Our whole busl mM life and euelal fabric, all baman Uilev rniira.-, reeu upon the binding fore, of euch iinileraUndings. ( nlsaa II be eipreaaly uader ak1, has Ihe rlebaur th llghiea right 01 reason to demand thai Ihe creditor ahall b eatlsfiwl with a lees atnoiinl in paymenlll wheal or eollon or aomethliig else had mean while il.-rluieil m price! If eo, would not ths creditor also have Ihe right ta demand thsl Ihe debtor ahoult psy more lu pruairtlun II wheat ur ootton nr something vis tueenwhlis had risen In price! If neither i f them had thought of propoamg or of accepting ao adven turous a contract, how can au.-h nlalitisbe Jus lilleil If l.aae.1 upon a mere sntrel mental r ervailun or an arbitrary afterthottghl! Is II not monstrous that such sn amumpiinn should be taken ss a warrant for Ihs reduction al on sweep of all debt by a debsainisut uf th standard nf value! And yel ha aim has watched ths frr ooln ago sgltatlun kunws that Jtial Ihla sppeal U debtors Is one uf Its main allurement. Listen to their speech-, read their literature, and yo meet ever recurrlng-now In aofl auken clr miinlocullun, now In sly aiiggeallnn, now lo the language of brafeli cy tiiclam-the prnmlas that free coinage will rnnble the dshbir In gal rid uf his obligation by psylng only a part ol them. It Is a scheme of wanlnn repudiation nf private as well as public ilabts. nol aa If w could nol i.sy In lull, but because we woulij prefer not to pay In lull th practice resorted lo by the frauilulent li.nikroi.l- ami Una aauo- tiouud by law, aa a part of our naliuual polljy, Tha Coining Verdict, Fellow cltlaena, think tlila out. It Is 1 grava niattsr-a matter of vital Import to the exist ence of this nation, 'ihs fullier who tenches such moral principles lo his rhlhlrsn educate them for fraud, dishonor and thn ienltentlary. Thn public men who tcarh aueh moral princi ples lo th people ediical th people for Ih contempt and abhorrence of mankind. Ths nation that acnapta aucb moral principle can not live. It will rot to death In ths loatheoiiK atew nf Its own corruption. If the nation ac cepting such moral principle bo this republic, It will ileal bluw to the credit nf ilemocrntia Institutions from which Ih ratisn of free gov ernment will not recover for centuries. llut, thank (ioil, ths American people will nevur accept such moral principles. Thl American people will, before dilution day st rives, hsv fully dlBcovsruil whal all thii inuiiiis. They will Indignantly repeal the un lesiknhln Insult off end to llietn by the poll Helena who have dared to ask fnr thn votes of bone.it men upun the offer nf such a ball. They will know how lu reeeut ih iluep ills grnco InfUntud upon ths nation In th eyes ul the whole world by those Americans who ex hlbltod their own belief thai tha Americas people were capable of taking such a bait. Mr. llryan has a tssta fur Hurlptural Illus tration. Ho will remember how Christ wot taken up on a high mountain and promised all tho glories of th world if he would tall down and worship tha devil. 11 11 will also rsraembnt what Christ answersd. Bo th tempter now take the American people up th mountain and says, "I will taks from you half of youl debt If you will worship m." Bul ths brave old Unol ham rises up In all his dig nity, manly pride, aud honest wrath, and peaks In thunder tone: "Oel Ihe behind me, Hstanl for II Is wrllU", thsl thou ahall worship onlr th (jod of truth, honor and rlghteousnssfc, and him aloo shall thua curve," This will b. the vole of th. Aiwerloan pao. pl on the 3d of November, Aai ah startMs tripes will eocMuoe to were nndaallaa. hsnrr ahl and o snored osaoa (ba baaiin!l aiavaV aiad.