William Jennings Bryan Quotes
I don't know anything about free silver, [but] the people of Nebraska are for free silver and I am for free silver. I will look up the arguments later.
William Jennings Bryan, 1860-1925, U. S. Secretary of State, U. S. Congressman (Democrat, NB), 3 Time Unsuccessful Democratic Presidential Candidate, Congressional campaign speech, 1892
Sourced by: Eigen's Political and Historical Quotations
Perry was an extremist politician who commonly exaggerated things to the delight of his supporters and the chagrin of his opponents.
The same argument can be made against the modern paper money supply. What Jefferson and most of the founding fathers, with the exception of Alexander Hamilton. did not realize was that the major stability of any kind of money was not only the silver or gold that backed it but the political and legal stability of the nation and the size of its productive economy. Where Jefferson was right however is that all these banknotes at the time were issued by local private banks. The Government had no responsibility for paper money and had no knowledge of how much paper money any bank issues and whether or not they had any silver to back it up. Banks didn’t trust other bank’s notes and would only redeem them at a discount. A $10 note from a South Carolina bank might only be worth $7 in New York and $6 in Boston. The early American monetary system was a mess.
William Jennings Bryan was an American orator and politician from Illinois and Nebraska. Beginning in 1896, he emerged as a dominant force in the Democratic Party, running three times as the party's nominee for President of the United States in the 1896, 1900, and 1908 elections. He also served in the United States House of Representatives and as the United States Secretary of State under Woodrow Wilson. Because of his faith in the wisdom of the common people, he was often called "The Great Commoner".