Silver Tells The Story

When Mr. Bryan was nominated for President in ■ tempest of euthusiasm tbat was i 1 by himself and friends eep the country, and when even -minded men stood appalled at the possibilty of sueh a revolutionary triumpli. tlie silvcr market at once became and süver advauced in price. Sime the free silver tilo struck the rock of truth and soberness when Bryan gave his great speech accepting the nomination for President, it was arrested in its course. Like all tidal waves its highest attainment marked the beginning of its ebb, and that ebb began when Mr. Bryan elosed his speech in Madison Square garden. The reaction against the revolutionary tidal wave started at Chicago and supposed to have been . strengthened at St. Louis has been distinctly visible during the last woek in every section of the country, and the story is told in unerring frankuess on the silver markets of the world. Since Mr. Bryan's speech of acceptanee delivered ie New York silver has declined in the markets of the world until it has touched 06 cents per ounce, making the silver dollar of triis country intrinsicolly worth today only 51 1-ti cents. Thus silver has declined in the market, because of the reaction against the Populist cause, 4 per cent, within a few days. It was the boast of the silver producers of the country and it was repeated by Mr. Bryan in his speeches, that his election and the adoption of free silver coinage would make silvcr worth L1.2;i per ounce, and bring the silvor dollar back to its iutrinsic value equal to gold. He was nominated Iargely in the mterests of the silver producers. :ure the ouly class that feel assured of direct profit by his election. When his electiou seemod possible or probable süver advanced in the market; sinee his election seems not only improbable but impostüiH'. Bilver has taken another decline, wïth lirtle prospect of reacting at any time in the near future. It is the pocket nerve of the country that looks upon political contests dispassionately but with the koenest interest, and the reaction against silver in the market is simply a reflex of the evident aud now accepted reduetion against the tidal wave of enthusiasm that was relied ujon to elect Mr. Bryan to the presidoncy. Silver tells the story of the campaiin, and that story is that Bryan is beatón.-