Complete Life of William McKinley and Story of His Assassination: An Authentic and Official Memorial Edition, Containing Every Incident in the Career of the Immortal Statesman, Soldier, Orator and PatriotEverett, Marshall
History
Complete Life of William McKinley and Story of His Assassination: An Authentic and Official Memorial Edition, Containing Every Incident in the Career of the Immortal Statesman, Soldier, Orator and Patriot
Neither the Republican nor the Democratic party committed itself to the
money question without a serious fight within its own ranks. When the
Republicans declared against silver, an influential section of the
delegates, led by United States Senator Henry M. Teller, of Colorado,
bolted the Convention, and were, perforce, compelled to support Mr.
Bryan as a Presidential candidate. A faction of the Democratic party,
led by Senator Hill, of New York, refused absolutely to subscribe to the
silver doctrine enumerated by their party, and as a result the Gold
Democrats nominated a ticket for President, headed by United States
Senator Palmer, of Illinois, and S. B. Buckner, of Kentucky. Mr. Bryan
was also the candidate of the Populistic party.
Following the nomination of Mr. Bryan began a campaign the like of which
has perhaps never been seen in any country. It was full of spectacular
features, and there was more eloquence to the square inch than had ever
been known before. Everybody turned speech-maker, and few places were
regarded as too sacred, and few moments as improper, in which to discuss
the momentous questions. On the streets, in railway cars, on steamboats,
in hotels, stores, factories, and at the family board the great question
was threshed out. The excitement was intense. On both sides the people
believed a crisis had arrived. The Republicans declared the election of
Mr. Bryan meant repudiation of obligations, ruin and national dishonor.
The Democrats retorted that there could be no repudiation in sticking to
the money of the Constitution and the argument was so apparently
conclusive that the Republicans became alarmed. It was found that the
silver belief was fully grounded—the people of the great West seemed
impressed with the idea that more money would make times better, and
more money could easily be coined. The Government had practically ceased
under the Cleveland Administration to purchase silver bullion. The mines
of Colorado, Utah, Arizona, New Mexico, Montana, and other sections,
could produce the metal in abundance, and for the Government to coin it
into money would produce the supply of money necessary to relieve the
stringency.
Such arguments appealed to those who felt the pinch of poverty, and the
Republicans found it necessary to send their best and most eloquent
speakers into the field, in order to counteract the influence of the
silver advocates. Printing presses throughout the land were set to work
to print pamphlets and tracts exploded the Democratic doctrine, and
great discs of base metal were cast to show how much silver at the
prevailing price would have to go into a dollar, to make it the
equivalent of a gold dollar. The bullion value of the silver in a dollar
was at that time about 50 cents, and the object lesson had its effect
upon certain minds.
As indicative of the arguments used by the leading orators during the
campaign, the following examples are given:
Public-domain text, read in full here on John Shaqi.
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