Ij
-j-H14 Papkb is 44 Yeaes Old
CHARLOTTE, N. C,
, 'AUGUST 20, 1896.
VOLUME i XUVVrjNUMpER,225?.
TlimiSDAY
MELLON; &SHELT0N
mm 1 1 1
ED. MELLON. V TOM. BHILTON.
BOY8, BOYS, BOYS' . .
STRAW HATS
SUITS, UP TO DATE.
UMBRELLAS,
Socks. Collars and Cuffs.
BEAUTIFUL SUITS.
The Btfst Goods and Low Prices.
t'O ME TO SEE US.
XKXT DOOR TO II. BARUCH
nftS McCOMBS & GIBBON.
DESIRE TO INFORM THE PUBLIC.
Tbt they liaVd this day entered into a copnrt
nership for l lie (
PRACTICE OF MEDICINE,
AND
SURGEBYv
Marci, 1, 1895
March 15. 1895
JOHN FARPIOR,
4 SOUT I TBYON 8TBBBT, CHARLOTTE, K.
WATCHMAKER AND JEWELER.
DEALER IN
Uuiaonds. Watches, Clocks, Jewelry, Sil
ver and Silver Plated Ware. .
ItT Special attention given to Fine Vfatcb
Repairing.
Jan 25, 1895. ;
DR.'E.. P. KEG RAN S,
DENTIST,
CHARLOTTE, N. C.
Omci-7 West Trade Street
Nov. 2, 1894
DR. GEORGE W. GRAHAM-
OFFICE, 7 WEST TRADE 8T.
Practice limited to Eye, Ear, N-ose,
and Throat.
April 3, 1896
HUGH W. HARRIS,
Attorney and Counsellor at Law,
Office. Noh 14 ai.d 16 Law Buildirg.
CHARLOTTE, N.C
K. 1 OSUt.UNK, W C MAXWELL, J W. UEKBANB
OSBORNE, MAXWtLL & KEERANS,
Attorneys at Law.
C AHLOTTK, N. C.
Cr Offlcus 1 aed 3 Law Building.
Will practice lo tU Btate and federal L-ouriB
Oct 20, 1895. .
PR. W. II. WAKEFIELD,
VTtil be o his office at 609 North Tryon -
tttrret. eicept on- Wednesday and Thursday of
each wtek. Hs p tce lira't d to
KYE, ER, NOE AND THRQ4-T.
DH8. M. A. & C. A. BLAND,
Dentists.
CHARLOTTE. N. C.' . .
ZQ-
Un: 3. 1896.
4KR10T CliABKSOH.
CLARKSON
CBJtl. H. DDLS
DULS.
&
Attorneys at Law,
CflABkOTTB, N. C
Prompt attpptjon Riven to U basineaa
trusted. Will practice In all Courts of
islate.
HTOffice No. 13 Law Building.
Oet. 7. 1808
ra
the E. NYE HUTCHISON.
FIBB INSURANCE.
OfflcealtJ East TrJe Street;
Street, up stairs.
4 North Tyoo
orfi
(s a vigorous feeder and
6porif4s well rP Hberal fertile
on. On corn lands the yield
Increases and the soil improves
if properly treated with fer
tilizers containing not under
7 actual
Potash.
A trial of 4 this plan costs but
little and is sure to lead to
profitable culture.
'Our pamphlets are (
tax special fertilizers. Imi:
'liviTtoine circulars Doom-
o latest researches on -ill
,.r .:.!, : I works, conuun
.1 fertiliration. and
are really helpful t'o f.krn.rf -.5
cy are cnt free it
you
7'
it 30
want a
come to
good
the
(Next t Gilreath & Co Shoe Store)
uy uiiDg eise you neea la luc
Jewerely Hdp, call and see t.
r-GARIBALDl & B RUNS',
Made and Merit Maintains the confidence
of the people in Hood's Sarsaparilla. If a
medicine cares you when sick; if it makes
wonderful cures everywhere, then beyond
all question that medicine possesses merit.
mm
Lktu ad
That Is Just the truth about Hood's Par-,
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because it cures, not once or twice or a
hundred times, but in thousands and
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absolutely, permanently, when all others
fail to do any good whatever. We repeat
X(d
Sarsaparilla
Is the best-' to faat the One True Blood Purifier.
u niit m nausea, indigestion,
HOOd S FillS biliousness. cents.
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THE CHICAGO CHRONICLE,
164-160 Washington St.,
CrilojaBeJJi,
Executor's Notice
Having qualified as Extcutorsof the -wi 1 -of
ihe late A brtvard Davidson we htrebyi oty, all
Deison8 having claims affainst-h's estate to., .re
sent tp same before th 20tU day of July , 1897
or this nolice will be pleaded in bnr of any re-
covcry luerton. ah pcrsuo itinu,cu i ro
tate will be r quirt id to make prompt teUltme n
July 10 1896,
E- L, BAXl'Elt UAVlU-i.UiN. ;
JNOEOATE.f Executors.
JuDel6l896 6. '
A (Jniinistrator's, Notice.
riitvlng qu ilified- as vAdimt js-fat r I),,ck
SlcK nny, dtciastd, lamo.f;Meckl. pbmg coun
ty, North Carolina, tlii l to. notify all ptr ont
. bavinjr claims agiii at the efctate'of s lid deceased
to exhibit' them to the undesigned on r befire
the 8rtl day.i July, A. 1.. 187. or .ttus-.-uptice
will p!ed in bar of thtir leopyerr.
; All per-on8 indebted to nail (Stale will plta-e
make tmpjeuiHte pavpaenr.
' GEOHyE J. ETHER1DGE,
Administrator.
.July 3rd 1896.
Admistrator's Notice-
All persons having claim? against the estate
nf Mra Jane Black deceased, are hen by notified
to present tbem to me. properly attested, on ' or
hpfop.- the 13th dav of July 197. - All persons
indebted to said e&tate are notified 'o make pay-
mMt tn imp. without delV.
II. N FllAItft, Adm r oi airs jaue uutu
dec ascd- ' '
This 7th day of July 1886. 6v
If you want to look
nice, send your
I4NEN to
g
WE have the
tost lauidrv in NORTH
CAROLINA, and sruarantrei
yea Strictly firt c as W01K.
CHARLOTTE STEAM LA-NDRY
H. N. PHARR,
ATTOKNEY AT IyAW'. 1
Oflco No. 14. Law Building,
Prompt attention to all business intrusted
a i il att eniion given to claims. Practices in
State and Federal Courts.
f. 'Jan. 6. 1893. i -. - ,
GO TO ALEXANDERS
DRUQ STOB E.
NO. 21C, NORTH TRYON STREET.
iCtftrt wtl assorted stock of all artic'-epuBnaiv
ktri-t in a Drug House
J. B- 4LEXAgDE..
"The" Poor pretcribe for free. "
PON'T
watch
000 'StWW
r
BOYS AND
DEPARTMENT.
0
BRYAN ACCEPTS THE NOMINATION.
He Spoke at Madison Square Garden.
A Vast Throng of Eager Admirers
Present.
A Masterly Deiense of the Chicago Plau
formHe Defies the Hostility of Those
Whi Find a Pecuniary Advantage in
Advocating the Djctrine of N' n-Iuter-ferenoe
Whan Great 'Asgrega' ions of
WeaHh are Tie -passing Upon the
Rights -of Individdals To -'ArjvocaU
Inter-National Bimetallism Is to Con
demn Gold Monometallism
"Mr." Chairman. Gen lemen of the Com-
mitteo and Fallow Citiaene;"
"I fehall, at a future tlay, and in a
mal letter, accept the nomination which
I now tendered by the notification com
miliee. and shall at that time touch ud
on the issues presented by the platform:
It is fitting, however, that at this time,
in the presence of those htre assembled,
that I speak at a'orae leng- b in regard to the
' Lf..t. fl. r ... l-
campaign uyon which we are now enter-
li-g. we ao not unaereeLiuift'e mo torces
arrayed against m, nor are we qnmindW
- . . i . . . i p
ful of the 'importance of the struggle in
which wo arP engaged but, relying for
success upon tpe rigQLeuj.iueBB mi our
cause, we shall defepd with all possible
vigor the position taxou cy oqr pany
We are not surprised that some of our
opponents, in the absence ci better argu-
merit, raCrb IP aDUSive epuneie, out mey i
may rest assured that po lapguage, how-
ever violent, no inyectivts, howver bit-
ter, will lend us to depart a tangle hairs,
breadth from the course marked out by
the national conveptjpp, Tb? citizen,
character and questions the patriotism of
the delegates assembled in the Guicago
conventron, assails the phargpter aud
questions Ibfi patnousip oi ine minions
woo have array ea ifiemseives unaif ine
banner thtre raieed. '
"It has been charged by men standing
Jiigh ip business and political circles that
our platlorm is a menftco to private eegu- I
uty and public safety; anq t nas-oeeo "fhe fJhipago platform has been pon
asserted that those whore f haye the bon demned by some because it dissents frbm
or, lor the time beipg, tp Represent, p.ot ftn opinion rendered by the Supr. me Court
only meditate an attacjf upon the rights declaring the income tax Igw pp?bRBtittt-
of property, but are the Joes both Pf-SP1'
cial arder and national honor. - . Those
who stand upon the Chicago pl&tfotmare
prepared to PiaUe known i and tade;end
every- trio ive which inflasnoes them:
everv curoose which an iuia tea them, ana
every hope which inspires tbem.. Tbey
understand, tqo gepius of our institutions;
they are staunch euppocfe'rs cf the form
of government under which we live, and
they build their faith upon foundations
laid by their fathers. Andrew Jack on
has stated with admirable clearness and
with an emphosia wh''U paling h j sur
passed, both the duty and sphere of gov
.erticpei t. lie said: 'Distinctions in socii
oty. vviU I ways exist uiidor every just
i'o crcrncut. Equality cf talenrs, of ed-
jicutiuii or ul vveaiiu cannot oe prouuuou
.by. humap iiifititutioiis. tho mil eu-
j ymciit of the gifist i beayon,. and the
'iruits ol Buptijor lndusliy, eccuoiny and
virtue are roan's opporturi ;et and enti
tled to pn.teciion by law." VV e yield to
none in our devoliou to tho d c r-ioe just
etiUi.ciated Our campaign has net fir
its obiect the recor.s ruction of:society.
We cannot insure-to. the vicious the lruita
of a virtutu-i life. We wuld not invade
the home ol the. provident t .4n order to
bupply the wanti of the spendthrift; we
we do pot propose to transfer .-iue ; re
wards ef -industry to the lap of indoleucq.
Property is ana-wut Fejnain tuo nujuui.ua
to enueavor &iu. iu -uqiupnu'ttuumt
. i . t ,
toil. WJ believe, aa itisserttu in iheU.c
laration of iiidependoncc, i hat all jnen.
are created rquaituit that. does pot m.ean
tbat-all (Pep iro.-Oi oati oo tqual in pos
sessions,, in ability -r meri ; l.ejmply
means tht all shall lund iqualbetoro
. lhe-l-aw,--and tratr- govern merit vtncials
shall not, in making,- constiu eg or en:
fpreing the -law, discrimfnate between
cftfzepg.; . .- : , :.
k i aiaort tbat property righti, as well
as tho rigb-3 of persons, are safe in the
hands of common people. Abraham
Lincoln, in his message tent to congress
in December, l6l, said: No men living
are more worthy to .be trusted than those
who toil up from 'poverty, nor.e less in-
clined to tftke or touch aught which tney
have not earnestly earned. 4. repeat nis
lanenage with ut.quahfied approval and
j in Wlin Dim in 110 waruing wuiu uo
. . iTi .7- . : I.
added, nameij: 'ljet tuom oeware 01
s'lrreiidering a political power which
t y already posetss, and wbicb power,
it' Kurrtndered, will surely oe ueea to
el. te tho doors ol advaucemept against
Knh R8 thev. and to fix new disabilities
and burdens upon them, till M of liberty
shall be lost Toose who daily -follow it. Three parties the ljjrajcra.ic, rop
the injunction, 'in the sweat bl iKyface !ulist and Sjlver parlies have jjot only
sbalt thou eat bread,' are now, as they declared for bimetalism, bujt haVeuthn.
havo ever been, the bulwark of law and ed rthe.sp.otjj legilajtion. necessary to re
ordcr the source of our nation's! great- etore ViWer.t't it' triaient piiti-n by the
cess in time of reaco, and itssirejt 'de (gide of g li. . T flp i i icA p!atiorm
fenders in the lme o war. .
"gut 'pbave only read a part.ctfJek-.
son's utterances let me give .ijou his
concluskp: 'Bui when the laws qnder-
tnb tn add to these natural and wist ad
vantages artifcciol distinctions-to grant
iii as crrfttm ties and exclutirvd privuefiresi vention ODDOsea mireeooi oage . oy w
to make the iioh richer anoVnhe potent
more powerful the humble members of
society, the farmers, mechanics attd the
day laborors who have neither the time
nor the means of securing like favors ir
themselves, have a right to eomplaio of
tbe ii justice ot their govern ment.- Those
who support the Chicago platform eni
dorse all the quotation irom Jackson
the latter part as well as the former part
"Wp arc rol enrprt?cd to g.l lirravcd
wgariPt u- those l-o, an- t(i lei.ficiJ
lUi of govrnioor.t tavr:t i-ui they
have lead our platfoim. Nor ure we aer-
r- ' ' -
GIRLS' 1
prised to learn tbat we rau& in thisfcam
paign, face the hostility ofiboe who find
a pecuniary advantage inadyoraUng the
doctrine of' noh-interterofJcewrieB eriatl
- t.u -?.3-.l y - -
upon the rig bta of indiTlaiialrV!'. WejweU;
come puch oprsitiontath-B jhfneit
bndorsement which eoQli be ;"bestdwed
upon U9- We are comen fdr' lafd -the'
co operation of those who lieeire tbliaTa'
the government' admrnisiercd --wfthput'
fear or faifpriliaai. It is notr the wish'xf
the general: public that trusts. ttbuld
spring into -xistence and it'f iTride Ihe'
weaker members oCeBoiet) j-jp?) not'th
wish of ibegiheral ubii4sihfae
trust vboaltl dentroj. competition and
then oollect such tax as they will from
those who are at their mere-: uor ia i
the fault of the general public tbbt the in
i rumoutalilies of government have been
EO often progtitq ed lo purposes of pri-
for-lvate giu- Those who stand upon the
Chicago platform believe that the gov
ernment sboqld not only avoid wrong
doing, but that it should also , prove
wrong doing and. they believe that the
law should be enforced alike against all
enemies of the public wtal. They do RQt
excuse petit larceny, hut thev declare
hbat grand Urceny equally a crime;
. . - - .
iucv vu uui uciwuu iua oucupaiion oi me
highwayman who rubs th. unoffended
traveller, but they includi among (ha
tranegresser- tbQije wlja, thFOygh the
more polite and less hazardous means of
legislation, 'appropoiate to tbrir own use
the proceeds of the toil of others. Toe
eouiraanamoci, -xncii suait not iteai,'
muuuereu irum omai, auu reiieraieu in
isojibuk-
er of persons. It mmt be applied to the
Srel w as me smanj to tne strong
as well as'te weak; to the corporate!
person created by law as well as to the I
person of flesh and blood created by the I
.fl'ipjgoty. ino goyernrnent is worthy of I
he name which 9 Pot t,le tQ protect
irem every arm uplifted tor bi injury
the humblest citizjn who lives beneath
hs- i muwas hhouobbui) wu-
iv4 isibiuuu h
remedied by the people who suffer from
the effect oluch legislation and not by
those who enjoy Us benefits.
xn& iwv-JiJi iaa
tional. Qur critics even go so fa.r as to
apply the name aharchist to those who
stand upon that plank of the platform. It
muit ba remembered that we expressly
recognise the bjndiog f jroe of lh4t 4ecta.-;
ron so lonaj as it stands a a part of the
law of the land. There is in the platform
no suggestion of an attempt to dispute
the authority of the gay re mo Court, The
party Is simply pledged to (use all the
constitutional power which remains after
that decision, or which may come from
its rev. rsal by the court as it may hereaf
ter bp copstiiptec I there apy disloyalty
in that pledgt ? For a hundred years the
Supreme Court of the United States has
sustained the principle which under. ijs
the income tax. Some twenty years t go
this name court MutaineJ, without a, qis
sen tin 3 vQic-j an inoopje ta ia almost
identical wiib the one recently over
thrown: has n , a luture court as muc'i
right to retur i t- the judicial precedents
of a century as the present cou,rt ha4 to
depart from thom? whep courts allow re
bearings they admit that error is possible.
The late dec'rion against the Q -orae tax
wa rendered by a majority of one after
a re-hearing.
'Whiia tho money question oversbad
I qws all other questions in irapor'anee. I
i devre it distinctly understood tbat I sbftll
Jpffr;.napology lor the in ftme w plank
i 0j the AJ .tcag pluttorm
V.Tbe 4.iCome tax is nol tew, nor Is it
base! upon h s.i!iiy to tho rich. The
syste.ii is employed in several f the most
important n.ni in in Eirojie, ami -every
Income Ihx law up-n $pe utaipt- U)oki4 in
Any laiid, no fur an I Lave been aVr to
aMJertain, contains an excruti n ilause.
While tho collection of an income tax in
Other countries does not make mcessary
for this nation to. adopt the syaterp,, yet it
ou
gbt to moderate the language of those
denounce the income tax as an 69,1
who
eault upon tbe well-to-do.
''Not on'y shall I refuse to apologize for
the advocacy of the income tax law by
the national convection, but J shall also
refuse to apologise for the exercise by it
of the right to dissent from a decision of
the Supreme Court.
THE P.ABAMOTJNT H3UK flNA'NOB.
"Now let me ask you, to, consider the
paramount question 01 tms carppaign
tbe money question
It is scarcely neces
sary to defeo I tbe principled of birnalal
1:6m No national party during the entire
I history of the United ajites bas ever de
I clared against ii, and no marly in this
Icanqpitgn bas bad the temority to oppose
epresly deslare.n tht hunetilli-m is dc
birahlo when it pledges the. Republican
party to aid in setqiing it as sooq as the
assistinci of several foreign nations can
be obtained. Those who represented the
minority sentiment in the Chicago con
United States in dependent action on
the ground, in their jaigement, that it
"would retard or entrely prevent the es-
tr.blishmento4. international bimetallism
to whith the efforts cf tbe government
abonid be steadily directed."
- - "When they asserted that effort should
be Steadily directed toward tbe establish
I mantel international biraeta.iism, tney
cVndsrmned iqdno-rmetallisrn Tbe gold
Kirk-a wrifhcifl tn Ho haWne and
f id wolnuf - T k- lrnn u ihf wwer
T. T 1
ful aupport of tbe m- ttv.y -owing and tV
'money cbangiag class and it c .in not stand
CHURCH AND WOMANS
D B P i R
for one day Tn any nation in the world.
it. was fastened upon tho United Sutes
witto it discussion befo're the people, and
its irierds have have jet been willing to
risK a veraict Detore the voters upon the
is8ue. : ,-
here can be no sympathy or no co
operation between the advocates of a
universal, gold standard and the advocates
ol bimetallism. Between bimetallism
whether independent . or internalTonaW
and the gold standard there, is an fmpass
able gull. -Is this quadrennial a?itaLion
for bimetallism coirucied in eood faiitbi or
do on opponents 'really deaire to map tain
wv ep aiaaaertriier m in ti v 7 ;. ayb thev
willing to confess the Puoerioritv of a
double atandard'when joined in by the
leading nations of the world, or do they
still insist tbat gold is the only metal suit
able for standard money among civilized
riationb? If they are in fact desirous of
aeouring bimetlism we may expeot them
to point oat the evil of a gold standard
and d fend bimetalism as a evstera. If
on the other hand, they are bending their
energies toward the permanent establish
ment of a gold standard under cover of
a declaration in favor of international bi
metallism. I am justified in suggesting
that honest money cannot bo expected
at the hands of those who deal dishons
osily with the American people. What
ia tha teat of honesty in monev? it
must plainly be found in the purchasing
power of the dollar. An absolutely hon
est dollar would not vary in its general
purchasing power, it would be absolute
ly stable when measured by average pri
ces. A dollar which increases in pur
chasing power is just as dishonest ag a
doll &r which decreases iq narchasi n cr
power
('t eanpot be succetsiully claimed that
mone-metallism or bi-metallism, or any
other system gives an absolutely just stan-.
uara oj vaiqe. unae r pom mono metau
Ism and h(n.etaUisr4 the government fix
es the weight and fineness of the dollar,
invests it with legal tender qualities, and
then opens tbe to its unrestricted coinage
leaying the purchasing power of a doU
lar to oe determined by tbe tumber of
dollars. Bi-metallism is better than
mone matallism. not because it gives us
a perfect Jo!lar-thnt ia, a dollar absolu
tely p,nvarvlpg in its general purchasing
power but because it male- a nearer
approach to stability, to honesty, to jui.
ticethftp a gold stuq&rd possibly can
prior to 1873, when there were enough
p pen mints to permit all tbe gold andsilver
available for coinage to find entrance q
to the worlu's volume of standard' money
the Jni ted States might have maintained
ag6fd standard with less injury to the
people of this country, but now, when
each step toward universal gold standard
enhances the purchasing power of gold,
depresses prices and- transfers to the
pocke s of tbe creditor ela,ss an unearned
inert-esmett the influence oft his great na
tiop mst not h3 thrqwn upon the side of
gold UQ.eas we are prepared to accept the
uatural and legitmate consequences of
such an act. Any legislation which le
sens tho world's stock of standard money
increases the rxchangab 13 value of the
do!ar: therefore tbe crusade against sil
ver mq-t inevitably raise the purchasing
power of mum y and lower tbe money
value of all other form of property.
'-Our oppopQtiu iiom.otiraes a.imit that
t was a. mistake to di monetize silver,
but in.ist tbt wo should submit to pres
ent conditions rather than return to the
bi metal -s system. Tbey eir in suppos
ing tbat we have reathid the end of the
evil results cf tbe gold standard; we have
not reached the end. ihe injury is a eon-
linuctM one and no one can say how long
tbe world is to sqffer from the attempt to
makegp,d the only standard . mot e. The
Same it quences which are now operating
to destroy silver tn tha United S.ates
vtil, if successful h. re, be turned against
s.lvir u-ing fcuutr:, and each ntw eon
ven to the g ld wtl add t the general
dt?ties. si lonv as too scramble- tor
crold continue, pries nimt fall, ai d a gen
eralfailof prices is Itr. another dent ition
ol bard limes.
"Uur opponents wpUv claiming entire
ds-'ntereetedpesa for themselves, have
ffw c,ag8 o ociety. Reorganiing the
1 disposition of tbe individual voters to
consider the effect of any proposed' legis
lation upon himself. We . resent the Ame
rican people the financial pilocy outlined
in the Chicago platform, beleievincr that
it will result in the greatest good to the
greatest number.
THE REASON Of THE FARMERS.
The farmers are opposed to the grid
Btaudard because they have felt its effecrs
Since they sell at wholesale and buy at
retail, tbey hY lost more than they
have gainrd p falling prices, and be-.
ides this, they have found that oertain
I fixed charges have not la len at all. lax
I es have not been peicjptibly decreased.
although it reonirrs more farm products
noW than formerly to secure tbe money
with which to pay taxes. Debts have
not fallen. The Jariner who owed 81,000
tS still compelled tu pay 11,000, al.b, ugb it
may be twice a diqicult as formerly to
obtain the dollars with which 'q pay the
debt liailroad rates havo not been re
duce! to keep pace with falling-price,
and besides these items there are., many
more The farmer has tbu) 'found it
more and more difficult to live. lias he
- 1 not a just complaiot agaioat tbe gold stan-
arut
"The wage earners have been injured
by the gold standard, and have expressed
themselves upon the subject with great
emphasis. ' In February. 1895, 4 petition
asking for the immediate reaioration of
the free enq qqltnited coinage of gold
and silver at . the, ratio of 16 to I was
signed by the representatives of all, or
nearly all, ot tbe leading labor organtza
tiona and presented to Congress. Wage
eanora know that while tbe gold stan
dard rNi 1 ur-basing power of the
dollar itaieo malces it m re difficult tn ob
tain pofcMiion of the dollar; thej
kw
T J! B-N.T .' ' .
that employment is less permanent; loss
of work" more 'probable, and reemploys
moot lens cerUin. A gold atahdard en
courages the boarding of money, because
money is rising; and it also discourages
enterprise and paralieos industry. On
th' other hand the restoration of bi-metallism
will discourage hoarding, because
when prices are steady or rising money
cannot afford to bo idle in bank yaulta.
I he tarmera an J wage earners
wage earners together
constitute a considerable majority of the
p;op!e of tbe country. Why should their
interests be ignored in considering finan
cial legislation?, A. monetary system
whrchr Is "pecuniarily advantageous to a
few syndicates baa far less ao commend it
than a system which would give hope
and enoouragement to those -who create
the Aation'a wealth.
"Our opponents have made a speoial
appeal to those who hold fire and life in
surance policies, but these policy holders
know tbat, since the total premiums res
ceived exceed the total loiuaa n;,i .
rising standard most be of more benefit tn
the companies than to the polioy holders.
"Much solicitude has been expressed by
our opponents for the depositors in sav
ings banks. They constantly parade bs
fore these depositors the advantages of a
gold standard, but these appeals will be
in vain, because savings bank depositors
know that under a gold standard there is
increasing danger, that tbey will lose
their deposits because of the inability of
tbe backs to collect their assets; and tbey
further know that if tbe gold standard is
to continue indefinitely, tbey mav be com
pelled to withdraw their deposits in order
to pay living expenses.
"it is only necessary to note tbe in
creasing number of failures in order to
know tbat the gold standard is ruinous to
merchants and manufacturers. These
business men do not make their profit
from the people from whom they berrow
money, but from the people to whom
they Sell their goods. If the people can
not buy, retailers cannot sell, and if re
tailers cannot sell wholesale merchants
and manufacturers must go into bank
ruptoy.
"Those who hold as a permanent in
vestment the stock of railroads and other
enterprises X do not include those who
speculate in stocks or those who use
slock holdings as a means of obtaining an
insiae advantage in construction contracts
are injured by a gold standard. The
Rising dollar destroyt the earning power
of these enterprises without reduoing
their liabilities, and. as dividends cannot
bo paid until salaries and fixed charges
have been satisfied,-the stockholders must
bear tbe burden of hard times.
"Salaries in business occupations de
pend upon busipeaa conditions, and the
gold standard both lessens the amount
and threatens the permanency of such
salaries.
"Official salaries, exept the salaries of
those who hold office for life, must in the
long run, be adjusted to the conditions of
those who pay" the taxes, and if the
present financial policy continues we
must expect the contest between tbe tax
payer and the tax-eater to increase in
bitterness. '
The professorial classes in the main
derive their support from the producing
classes, and can only ecj)y prospvniy
when there, is prosperity among those
who produce wealth.
"I have not attempted to describe tbe
effect of the gold standard upon all class
es tin tact 1 have only bad time t men
tion a few but each person will be able
to apply tha principles stated to his own
occupation.
"it must aiso oe remembered that it
is the desire 01 people generally t'j o n-
vtrt their earning into roal or Dersonal
property. Tbi biingdiu, in couoidering
ny temporary advantage which roay
c rp3 trom a ytBm under which the dot
lar rises in purchasing power, it must not
be forgotten that the dollar cannot buy
more than foriRti)y umIus property selli
for less tban f rtnerly. Ilonce is will h
seen that a laro portion .of those who
may fiud some pecuniary advautage in a
gold standard, will .Uiaoover that their
losses exc -ed their gains.
"It is sometimes asserted by our oppo
nents tbat a Dank belongs to tbe debtor
class, but thiaia not true of any solvent
bank, .bvery statement published bv a
poiveutoanK snos tnat tne assets exceed
1 l 4 . .
the liabilities. That is to say. that while
tne nana: loans a large amount ot money
to its depositors, it not only has enough
on baud in monev and notes to dsv its
depositors, but in addition thereto, has
enough to pay- its oapital and surplus.
When tbe dollar is rising in value slowly,
a bank may, by making-short time loans
and taking good security, avoid lots; bu
when prices are fallintr rapidly tbe bank
is apt to lose more because of bad debts
than it can gain by tbe increase in the
purchase power of its oapital and surplus.
uau avi a tuiuvitic luo UUIIUDM Ul a UUIJU
broker with the ordiuary banking busi
ness and these may make enough in the
negotiation of loans to offset tbe loader
ari&iPH in legitimate banking business. Aa
long as human nature remains as it is,
tit re w II always be danger that, unlets
restrained by public opinion orlegal en
actment, those who see a pecuniary profit
for themselves in a cortain condition may
yield to bring about that condition. Jef
ferson has stated tbat one oS tbo main
duties of tbe government is to prevent
men from injuring one another, sod never
was that doty more important than it is
to-day. It is not strange tbat those who
have made a profit by furnishing gold to
the government in the boar of its extrem
ity, favor a financial policy which will
keep tbe government dependent upon
them. I believe, however, that I .speak
tbe sentiment of the vast majority of the
peotle of tbe Ugited States when I say
that a wise 3n,aseial policy, administered
in behVi &i tbe people, wu!J trako
iur j40ver.1n.tini independent t any coai
( Lin at ion of financiers, foreign, or doraeitic.
...
Mr. Bryan qioted Senator Sherman,
who warned against the danger of a cop.
traded currency-fn, 1869. and also
from Mr. Bland, who, in 187S eaid: "1
believe the 6lrngglo now going on in this
country and other countries for a single
gold standard would, if successful, pro
duce widespread disaster in and through
out the commercial would." .'.11 ? t rl ;a
Mr. Bi-yan continued: "If it is assert
ed, as it is constantly asserted, that tho
gold standard will enable, us. .to borrow
money from abroad, I rejily that the re
storation of bi met alii-in will restore the
parityr betweon money and property, and
thns permit an era of propr. ly waich
will enable the American people to be
come loaners ol money instead cf perpet
ual borrowers tvtn it we desire. t , tcr-.
row, how long can wo contain up borrow
ing under a system, which, by lowciirg
the value -of" "property, 'weakens the
foundation upon whtch.ciedit resU?"
Mr. Bjyan said his party was not ask
ing for anything new, but merely ic sis
ting on areturn to xh$ poli6y of t ho gov -
eminent from the first President down to
1873. - : - v .... v.ttl : . ..
"If there tre two kfnds'of money the.
option must either rest with tho dtb'.or
or with tbe creditor. If the. creditor has
the right to choosa the metal iu which
payment shall bo mado,"it is reasonable
to suppose tbat be will require tbo debt
or to pay in tho dearest metal, if thcro is
any perceptible dinerenco between the
bullion va.ues of the metaU. This now
demand created for the dearer metal will
make tbat metal dearer, still whilo tho
decreased demand for tho cheaper metal
will make that metal cheaper stilt : If,
00 the other band., tbe debtor' excrci cs
the option, it is reasonable to suppose
that be will pay in tho cheaper metal it
one may be percentibv cheaper than . the
other, but demand thus created for
the
cheaper metal will raise its price.'
The
option ought, therefore, to lie wilh
the
the
the debtor.
Then followed tbe argument that
government Bhould pay its obligations
cot in coin oi tbe creditor's choosing, but
its owp. .
' We contend that free and unlimited
coinage by tbe United States alone will
raise tho bullion value ot silver to us
coinage value, and thus make silver bull
ion worth 81.29 ounce in gold throughout
the world. We also apply tho law
of supply and demand to silver when we .
say tbat a new demand for silver, cro.it
ed by law, will raise the pricj of tilver
bullion." ;
! He bad no fears of all the- world's. siU.
ver being dumped into tbe United Sttea ,
mints. We cannot even expect any of
the annual product of silver, because In '
dia, China, Japan, Mexico and all other i
silver-using countries muBt satisty .their
aunual. neediirQm their product, lno arts..
will require a. great deal. . There is but
one way. to stop , tbp. increasing now 01
gold from cut snores, ana tnai is to stop
failiog prices. The restoration of bi
metallism will not only stop falling prices
bat will to some extent restore prices
by reducing the world's demand for gold.
After answering every conceivable ar
gument against free silver, Mr. Bryan
appealed to New Yorkers to come under
his standard, and closed with a porora
tion in which, he refering to tbe hctcio
statue in the harbor nearby, begged that
Liberty might ever bo allowed to enlight
en the world.
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