BRYAN HELD TO SILVER & GOLD STANDARDS TO THE END
New York City (JFK+50) William Jennings Bryan "held to the basic soundness of his famous theory that there should be two standards of money--silver and gold" right up until the day he died. This according to a front-page story published by The Washington Times and written by James L. Kilgallen* of the International News Service.
Kilgallen adds that by 1925, however, Bryan thought his countrymen were "thinking of other questions,"...that "money was no longer an issue."
During Bryan's presidential campaign of 1896, money was a hot topic. It was when the "Great Commoner" gave his famous "Cross of Gold" speech. Bryan called for bimetallism** with silver to be valued at 1/16 of an equal amount of gold.
JFK+50 NOTE
Kilgallen's article came as a result of the release of a letter Bryan had sent to Merryle Stanley Rukeyser*** dated June 17. 1925.
*James Lawrence Kilgallen (1888-1982) was born in Pittstin, PA & worked with INS/UPI from 1920-1966. His daughter, Dorothy Kilgallen was a reporter with the NY Journal American & a television personality on 'What's My Line.' She died mysteriously in 1965 after being granted an exclusive interview with Jack Ruby, killer of Lee Harvey Oswald.
**bimetallism is a system permitting unrestricted currency of two metals as legal tender at a fixed ratio to each other.
***MSR (1897-1988) was born in Chicago & earned his BA & MA from Columbia University. MSR worked for NY Tribune & NY Evening Journal. His financial column, 'Everybody's Money' appeared in 110 daily newspapers during the 1970s & 1980s.
SOURCE
"Bryan Held Quantitative Money Theory To End," by James L. Kilgallen, The Washington Times, August 3, 1925, Chronicling America, Library of Congress, www.loc.gov/
