Mistakes Of Bryan

One of tha queerest notions presented by Mr. Bryan in his Madíson Square tarden speech was as follows: Any purchaser wlio stands roatly to take the entlre supply of any giveu arücle at a oertaiii price eau prevent that arücle frorn ralllng below that price. So the goveruaieiit cao fix a price ior gold and silver by creating a clemand greater than th supply. It is a mazing that a man of Mr. Bryan's intelligence shoukl serlously urge a propositiou so dangerous and unsound. lo créate an artificial valué in ailver he would compel the government to buy tha whole world's supply of that metal and store it away in tlie treasury. Production would be enorinously increased not only in this country but in foreign landg as well, and the output of the mines would be dumped into the vaults of the government to be paid for at a íixed price in ñutos, for which the holders would have the right to demand gold if they wanted it. To talk about maintaining a parity between gold, and silver on such a basis is preposterous. Gold would go to a premium iu thirty days, and our supply of it would be taken from us in six months by foreign countries in exchangs for the vast accumulations i-f idle silver which they would be glad to unload upon us. The plan proposed by Mr. Bryan would mean the death of bimetallism in the United States. It would give gold the status of a speculative commodity and place our currency on a silver basis. The government, obliged to buy all the silver product of the world, would enter upon a period of unlimited inflation leading inevitably to National bankruptcy and repudialion, and the business interests of the country would die of the slow poison of cheap money and unaound credit. Mr. Bryan'i idea that the government should fix a price on silver and then prevent bullion from falling below that price by purchasing the entire product of the mines ii rank communism. If the principie can be applied in the case of silver, it can be applied with equal justice and advantage in the case of iron, copper, corn and cotton. There is no more reason for the creation of a government monopoly in silver than there is for one in wheat. The farmer has as much right to use the treasury vaults as storage for his surplus grain as the mine owner has to use them as a strong box for his surplus silver. And the government, in buying silver for its coinage, has the same , right to deal in the open market, where prices are regulated by supply and demand, that it has in purchasing flour and nieat for its army. It is said that Mr. Bryan may speak in New York again during the campaign. We hope he will. And if he does we beg him to explain by what authority of the constitution, and by what principie of business sense he insists that the government shall establish an arbitrary monopoly to control the product of