Show MONEY IN CIRCULATION A Daily Increase of for Eight Year Years During the last eight years of Republican can administration the increase in the volume of our currency has amounted to per day or more than 10 per month the month the total increase being This increase has been chiefly and directly due to the policies policies poli poll cies des of sound money and protection By the act passed Dec Dee 18 18 1899 by a Republican Congress Democrats voting voting vot vot- ing lug against it and only 11 voting for it itIn itin In n the House of ot Representatives and 23 voting for it and 2 against it in the Senate Senate Senate Sen Sen- ate and signed by President McKinley the gold standard was sanctioned by law and according to Alton B. B Parker was then firmly and irrevocably bly establish- establish ed Just Just as free sili silver E would Voul ha have e Driven driven- gold according to the famous Gresham law that bad money drives out good money so this positive committal of or the country to the gold standard resulted in a large gain of gold to our currency The increasingly increasingly increasingly large output of gold from Alaska California Colorado and other Western States remained in the United States instead of being driven out as would have been the case had free silver triumphed triumphed tri tri- in or 1900 1000 Not only this but the United States gold drew to this country much of the gold produced ed in South Africa and other parts of the world The policy of protection also contributed ed to our ability to keep our own gold and get more gold gold from from other nations for tor forIt It made the balance balance- of ot trade favorable since it tended to increase our exports over our imports Instead of sending gold out of the country as in Democratic Democratic Demo Demo- cratic cratie times to pay for goods that AmerIcan American Amer Amen ican labor at home might just as well have produced the Republican policy has been to cause gold to be distributed at home for work done just as well at home Of the present amount of money in circulation about 48 45 per cent is gold gold gold- which mostly represents money saved to the people of the United States by the Republican policies of sound money and protection |