Show o silver Injurious t his penal in tercels I wont t ask O winy tea who advocates of the gOt standard gdl are engaged in other kinds of business d m > t miure some statement la regard ico tlieJr business They want it understood the laboring labor-ing man is influenced by personal Interests in-terests but these great leaders of the gold standard are simply interested in the public weaL There is a great difference 1u wea ference between those who advocate bi E feo betwen toe vo meftalHsm and those who advocate a gold standard Ask a farmer why he wants bimetallism and he says because be-cause i would be good for him He is not worrying about sotnefcoly else Be ha troubles enough of his own I i the some with a laboring man or a business man or professional man Ask a financier why he favors the gold standard Will he tell you because it i < good for him You never heard y one of them say it Laughter They want something that will help somebody some-body e s I a afraid some of our opponents ADD THE CRIME OF HYPOCRISY to the sin of vice There a principles which underlie the money question principles which you must understand before you a enter into a discussion of the money question and the first great principle 5s that the value of a dollar depends on the number of dollars dol-lars You have to learn tnat scarce money means dear money and that you can change the purchasing rxwer of a doiar whenever you can change the number of dollars Our opponents dispute dis-pute this some of them but no writer on political economy well tell you that volume is immaterial Now my frtwids I assert that when the governm < nt prohibits Hie making of a dollar by a individual then the gov emmt assumes the soemn duty of creating enough dollars for the people to do business with Applause Yet the very people vrfio invoked the law of 1873 to strike down a part of the peoples money now deny the right of the people to invoke the law to replenish replen-ish the currency of the nation Cheers I know that whenever we ers a opinion on the money question ques-tion that we subject ourselves to the contempt of the New York financiers You cannot protest we need more money and then prove your sincerity by joining with those who would transfer trans-fer the power off determining how much mot we need over into the hands of those who profit by the destruction of prices and by the increase in the value of their notes and Not one tei note ad mortgages oe o those who a particularly benefited by a gold standard ha ever given his own benefit a his reason for the love a the system Ones of Thats right THERE IS A CONSPIRACY among the money changers t enslave the producers of wealth I is an international inter-national contpiracy entered into by men who love the dollars and domination domina-tion of foreign nations better than they T love our flag Great applause We do not like to be called anarchists but I would rather b what our opponents cal n anarchist than t confess that 70COOOOO C people a not able to art tend U their own business Some otf them ire now leaving the Democratic party They say for the countrys good L but I believe that they have left the party for tine good Great pa te partys Grat applause ap-plause We cant build n wall to keep 1 anyaody from geititing out of the Democratic Demo-cratic piny because then nobody outside out-side could get in All we ask is that when n man leaves the Democratic pat he shall have a reason that emanates em-anates from the head or the heart and not one tucked away in a pocketbook Great applause A man is willing t in his head heart It give any reason ls hC or heat t is the reason that exists in the took t-ook he Is not willing 1 tell about Cries of Good We expect some t men to leave the Democratic party We coaild have kept them in ha we wanted want-ed to if we had made the platform man nothing Applause I the 4 Democratic platform on the money question had been what our opponents wawted it it would have been just leThE le-THE REPUBLICAN PLAT r because both would have been frauds Great applause I we had adopt a f platform like the Republicans and nominated IY nom-inated candidates who would inMe cadidarC pledge themselves not t do anything without fln t going down t New York and asking ask-ing what ought to be done what would have been the reiult Why these magnates mag-nates would have been able to sl t back and say they are both good men the J country is safe under either Great laughter We could have had tat sort of a campaign if we wanted it but somehow the majority of the people in that convention decided they wanted another kind of a campaign and aneter cvagn ad so they made a platform that breathes the spirit of the Declaration of Independence Inde-pendence Treed us and long continued con-tinued applause They made a piM form that means what it says and says what it mea They say in that platform form they a opposed t the issue of bonds in times of peace to the trafficking ficking with syndicates every once in awhile a-while at a high price Great laughter laugh-ter That plonk was not written just to bring syndicates to us We ha no such kea We thought we would tT the experiment of running the party without the aid of syndicates and withot aid syndIcte ad see how we got along Applause and cries of Good Then 3 plank denounces trusts of course that is a rather harsh plank I was not written r make a man who belonged t a trust feel that Jie owned the party Great laughter We kiew he would not like It When we thought lihougiWb he would n like i we thoughtWJ3 iOghtW WOUiD LIKE IT The very parts o thw platform i wMch have beem most hateful to the men who have used the Democratic perry for private gain and their per prIvte gi teir country for public plunder are the nearest parts to tine masses of the American people Great applause We Grt applaue expected f some o them to go We knew some of f our generals would g but we knew that battles are won by the fighting of private soldier more than by the fightIng fight-ing of generals We were willing t L draw up our army o one side and let t our opponents draw up theirs on the I other and then we were willing to give j them 1 our generals if they gave us all tiaoir soldiers Great applause I We are not losing anybody from our I party except the great bl Democrats Laughter And dont you f now when a great big Democrat breaks into the t Republican party he makes a hole so big that a great many little Republicans Republi-cans can run out Laughter and tremendous mendous applause They say Democrats 1 Demo-crats cant read or write but we a f good at figures and if we get sixteen Republicans in exchange for every one f Democrat we will jn Laughter The only tuNe is In a little while we siiail have all their people and then of t Cur we wont have to lose any more It We cant have their moral support but I we will get along without their immoral incubus also Laughter We wont F have their approval but It wan awfully I hlgapnced approval anyhow to buy t in these hard times under a gold standard stand-ard Great laughter and applause A Vnf Concourse SOUTH BEND Sept 3Th pres t ence in South Bend of lam J I Bryant was made the occasion of a I p Democratic rally tonight in a spacious 1 open square known a the Government i lot Like the open air meetings it 5 = Columbus and Toted this week the W affair was remarkable in the vast concourse t con-course of people that gathered to hear R the Democratic nominee speak With the thousands of excursionists who C came from many points in Indiana and I Michigan to augment the presence of i interested townspeople tihe crowd is believed to have numbered 25000 I 1 11 and r Bryan were escorted t to the scene of the meeting by a number 1 num-ber of local and visiting silver clubs may o which had bands with them I t Senator Blackburn and B J Shiveley I c Democratic candidate for governor were on the standL George Feldman of the Democratic I chairman ctic county Q committee opened the meeting and C L < 1 I was followed by Mr Shiveley who i presente Mr Bryan There was almost al-most a panic just after Mr Bryan began be-gan owing to the attempts of those 1 j I who came lw t get into positions near to hear The i ne enough hea pressure from the outside started the srowd i swaying back and forth and a this spread over the vast mass of humanity the throng became a series of surging waves that caused some excitement I Mr Bryan was obitged to pause and I Mr Shsveley realizing the serious aspect of affairs addressing the port C aadrs began addi0Sing 1 people in cairn clear tones begging i fo order His words brought the audi i enc to its senses and Mr Bryan went j I on Ten the cheering that greeted i him had ceased Mr Bryan spoke as i follows i HOPEFUL OF CONVERSION i Our opponents are in the haFt of declaring the money question to deep t be considered by the masses of the people and our former government is based upon the theory that the American people not only have patriotism patriot-ism but the intelligence necessary to sit in judgment upon any question which can arise Applause When I find a mao who says that the money question is to complicated for you I generally find a man who says that it is just complicated enough for him Laughter I want to argue this question upon the theory that we are able to decide for ourselves how the question affects you At this point the surging in of the crowd began to look serious and Mr after for order sat Bryan down afe appealing oer st Mr Shiveley also begged the audience audi-ence to remain quiet Finally Mr Bryan was enabled to continue and said sdI I want to talk about some questions which are asked that you may better answer them in your conversation with your neighbors I suppose there a several different classes of people here tonight There may be those who believe be-lieve in a gold standard because they are pecuriJarUy benefited by rising dollars dol-lars I there ore such I am not very hopeful of bringing them to bimetallism bimetal-lism I have learned thw a a rule people a inclined to judge others by themselves they take it for granted that the thing is good for others and when a man makes up his mind that a gold standard i good for himself he is generally willing to take it for granted that it is gn GOOD FOR EVERYBODY ELSE I say if there a those who are bene fitted by a gold standard I am not hopeful of converting them I however how-ever there are those who advocated the gold standard under a mistaken idea that it would be a good thing fo them I hope I may be able to lead them to a better understanding of the subject I there are bimetallists here who have been troubled by questions put to them which they could not readily read-ily answer I desire t suggest answers to some of those questions in order t aid you in your work of spreading this gospel I there are those who believe in bimetallism 1 desire to deepen their convictions Now the first question to b considered con-sidered Is what is an honest dollar We hear people talking about honest money What do they mean by honest money Did you ever hear an advocate of the gold standard give the definition of an honest dollar I will ten you the definition which you generally hear It is tills A honest dollar is a dollar which when melted loses none of its I vaue That Is what they tell you i an honest dollar I want to to I a honet doit say t you my friends that the man who gives to i you that definition of a honest dollar I has yet 1 learn the first principles of monetary science Applause AN HONEST DOLLAR I is the dollar which retains the some general yesterday ge purchasing power yeterday today and forever Great applause That would 0 a honest dollar Purchasing I Pur-chasing Dower is the test of honesty Ii A dollar which rises in purchasIng power is just a dishonest as a dollar which falls in purchasing power Applause Ap-plause The only difference is that when the dollar rises it helps one i class of citizens when it falls i helps another class of people and when you find n person who is always afraid that a dotfor will fall in its purchasing I power and never fearful that it pwer ad feaul that may rise in its purchasing power you have I found a man who being interested in I having dollars grow largely is of course in favor ot a gold standard Suppose all the word should join in I a gold standard and make our dollar I the unit under that standard and then suppose the next day all nations should get together and decide there was to much money In the world and decide to gather up ninetynine onehundredths onehundedths of all the dollars in the world and Gink them In the ocean What would be the result You would have n dollar where you now have one hundred dol I lars and according to the definition I of the gold standard men you would I still have honest dollars because I I YOU MELTED ONE I of them it would not lose anything in its value I however you owe a man a thousand dollars and to go out and sell property in order to get a thousand dollars to pay your debts you have to sell about one hundred times a mush property to get the money to pay your debts would they be able to convince you that It was an honest dollar No i m friends And yet that would be ian i-an honest dollar according to the definition nition of the man who thinks that tho metal melted in pot itself i the only i i test of the money Take the other side suppose that after the nations had agreed upon the gold standard that I somebody had found enough gold to I coin into one hundred times a much money a we have today what would i be the result Where we now have a 1 dollar we would then have n hundred 1 dollars What would be the result i i Why it would be honest money according accord-ing to the definition of Democrats of I I the gold standard because if you melted a dollar it would not lose anything any-thing But suppose yoit owe a man I a thousand dollars and pay him a I thousand when there was a hundred times as many dollars the dollars that I you pay t him would not buy as much muc property a it did before Would you j be able to convince him that you had I i paid your debt in honest dollars Oh no He would have a different Idea of honest money than that which he had I given you Why is it that gold loses nothing by melting I is because I inc law says you can TAKE THE GOLD TO THE MINT I and have i stamped without any charge that is the reason for it Suppose Sup-pose the law said that any man who wanted a piece of gold coined should pay five cents for the coining of every dollar what would then be the bullion bul-lion value of gold in a dollar Ninety five cents would be its value and upon no other theory would any gold whatever what-ever be coined because i a man had Ito I-to pay five cents before a single dollar I dol-lar of gold bullion could be converted into a dollar worth 100 cents he would I never have the bullion converted into a dollar for he could sell that bullion I to anybody for more than 95 cents and therefore whenever you fix the charge for mintage you make a difference between II be-tween the bullion value and the coinage coin-age value Whenever you establish free coinage you will pay that difference I differ-ence because under the free and unlimited un-limited coinage you want coin and you want bullion to coin You have bullion coined and if you want bullion you I may melt the coin and when you have a right to melt one into the other at any time and without charge there would be no difference between the two twoS I say the men who talk afoout gold being honest because when gd beng hones becus you melt it it loses nothing forget that characteristic is given by law and yet they do not recognize i I remember there was a discussion out in Nebraska between a advocate of the god standard stan-dard and a advocate o bimetallism and the gold standard man said Gold is the only good money He sold I you put a thousand dollars in gold and w m tJlJ put a thousand dollars in silver and a thousand dollars In paper In the house and the house burns your paper is destroyed I de-stroyed your siLver is melted and ONLY WORTH ONEHALF the gold is melted and it is worth just as much a it was before and there Core gold is worth more His opponent said That would be true under the jl present law but everybody does not put his money in a house and every house does not burn down Supposing you put i in a boat the boat turns over the gold and silver goes to the bottom and is lost the paper floats and therefore paper is the only good money Applause There is just a much I sense in the lat proposition a there was in the first proposition I want t call your attention to this that the very people who tell you that silver is not good money because when you melt i it loses onehalf of Its value ue are the very people who are advocating advo-cating the national bank currency which when it is burned loses everything every-thing thingWhy Why not open your mints if you want t treat all alike and say that if a mans silver melts he shall have it recoined without loss But there are people who actually believe that if you have free coinage of silver there would be great profit hi going around and buying up all of the silver at 50 cen son s-on the dollar and having it coined into a hundred cencs and making the difference I differ-ence enceI have known people to calculate on how much they could make under such system and then I found that these people who were so sure that they could make a big profit in that way were people who never lose an opportunity op-portunity TO MAKE A BIG PROFIT yet when they find out how much profit they make they tell you they ore opposed to free coinage anyhow Applause I put the question to you I if you could take your silver to this min and have It converted into money I alt the rate of 129 per ounce would you sell that silver to somebody else and let him make a profit Cries of I No NoAnd ye1 my friends you will find I many people who are opposed to free coinage who talk about the profit of II purchasing cheap silver and having it coined at great profit Now there are others with whom you come in contact I con-tact and next to th man who Is figuring on the amount of profit there fglng is in coining silver under bimetallism I say next to him comes the man who I is afraid there will be a flood of sil ver There is nothing that excites my sympathy more than to find a man who never had too much money in his life who has not enough to pay his debts who does not know where next I winters coal is1 to come from who stands and trembles in his boots for I fear there will be a flood of money and lIt 1H overwhelm him Applause and laughter And then as soon as you have been frightened by the prospect 1 j of a flood of money you have been told as a matter of fact we are going t have a drouth of money instead o a flood One man was telling how if we had the free coinage of silver all would out of circulation the gold go ouo croulaton and then it would take fifteen years with our mIni running at full capacity t coin enough silver t take I THE PLACE OF GOLD I And then he said a silver dollar would be harder to get than a gold dollar is now I dont know how you can crowd more absurdity In the same t number of words Gold go out of circulation wors cr culation Six hundred millions of io Why my friends we have not six hundred millions of it in circulation I t g out under any kind O conditioa or circumstances and more than that we do not believe that the coinage of silver would drive gold out of circulation circula-tion We believe that the free coinage of silver would drive gold into circulation tionThose that have been hoarding in order to get the raise In value of money and let the rise commence in the value o property and the men who are j locking up their money in their vaults I I will be wanting to spend it before money comes down and get property I I before property comes up Great applause ap-plause I believe that free coinage I will put money into circulation instead I of taking money out of circulation But let me now call your attention to that I other danger about having to wait fifteen years I had this question brought before I me In a southern state In joint debate a year ago My opponent said t me j Dont you know that I we have the free coinage of sliver and it drives the II gold out of circulation that It will take fifteen years to coin enough silver to take the place of god What would I II do1 There I was away from home among strangers Laughter I did not have time to think I had to answer I swer ai once So I just blurted out i < that I would II MAKE MORE MINTS Laughter and applause He had never thought of that Men are calculating upon fifteen I years of suffering Why my friends i i seems to me that the smallest child i would say that rather than suffer for fifteen years we would make more mimes I and coin more money if the peopve n e it Applause But there is an oher part of that propos tlon The man who mode this statement wound mae thL up by saying that during these fifteen I yc4rs money would be so scarce that sUver dollars would be harder to get and a higherpriced dollar measured by property than a gold dollar is now That is the worst of all absurdities Just think of k Why gentlemen you know that if silver would drive gold out It wouid be because silver was cheaper than gold I say if you could imagine such a contingency if you could think for one moment that silver became a dear as the gold then there would be cheap silver which would drive the gold out and yet you would be told seriously that under the 1ee l coinage of silver I you are going to have cheap money that I will be dearer than the money you i I have now Aplause and laughter Just j a you are told that you have a flood I of money and a scarcity Think of the j flood and r drought contending for mastery I speak o this my friends i t show you the confusion of ideas that prevails among those who think that I they ar the only people who can think on the money question but let me speak moment of this flood of a fod money I Did you ever stop t reason out how the free coinage of silver would hurt this country Let us suppose ourselves under a free coinage of sliver how Old we be injured by the foreigner who brings silver in here Suppose he came here to u for FREE COINAGE T HURT US How could he do it Why you say he I cou d bring silver here and have it coined But how could he hurt us In that way Suppose he brought I slve enough to make a thousand sliver I sli-ver dollars He would take i to the mint and we will put the stamp on it I acid mae them 1uB dollars He came with silver bullion and it is converted into silver com and the coin is his We would have lost the cost cL coinage I and he would have lost the freight of silver both ways and we can stand that longer than he can Applause You say he will take it to the government govern-ment and ask the government to give him gold in exchange Under bimetallism lists he does not The government agTHeG t convert silver bullion Into silver dollars and gold bullion Into gold coin But i does not agree t redeem silver in gold or gold in silver Cheers and cries of Good I is under monometallism the government agrees to redeem one money in another Now I this man would have to find somebody who had gold and not only thw he I would have t find somebody with gold who was willing to let the giid go Now you say It would be a voluntary transaction He could not ge a dollar of that gold until the man who had iC was willing to exchange his gold for silver When would the man who holds the gold exchange it for silver Whenever I When-ever he would rather have silver than fi Wi J f I gold Therefore if gold left this country I coun-try under bimetallism in exchange for silver it would be because those who I hold the gold would rather have silver than the gold Great applause No II silver could come t this country until someone in this country WOULD WANT TH SILVER TO COME In other words it is a matter of exchange ex-change and in a matter of exchange both parties feel that they have been I benefited S that If h gold leaves us under bimetallism it is because we have something to take its place At the present time when our gold goes it has nothing to take its place except another issue of bonds Great applause ap-plause I have gone to these pains to show you that this flood of silver is inuisinaOjle rather than real I have taken these illustrations to show you that under the free and unlimited coinage coin-age of silver the danger that they anticipate I ticipate could not come Tell the man who asks that no matter how much money there Is you cannot get any of it until you have something to sell and you understand that every producer of wealth has something to sell That is a thing they all leave out of consideration con-sideration to ask him If a man does h something to sell how can he get anything for It until he finds somebody some-body with the money to buy what he has to cell Applause Mr Bryan continued 0 the money question at further length being ra turqusly applauded throughout I |