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Bryan: The Progressives: Part I
exhibit one in a gallery of men who fought the good fight in vain
December 1961 | Volume 13, Issue 1
And they to his, one must add. Discontented farmers in his district were on the lookout for men who understood them and their problems. In 1888 the Republicans had carried the seat by 3,000 votes; now, in 1890, Bryan swept in with a lead of 6,713.
Bryan made an excellent record in his first Congress. He was a hardworking member, studying the technicalities of the tariff question for months before making his first important speech. But he saw that the tariff was rapidly being replaced by the money question as the crucial issue of the day. When he yielded the floor after completing his tariff speech, he collared a young Texas congressman named Joseph W. Bailey, who posed as a financial expert. Sitting on a sofa in the rear of the House chamber, he quizzed Bailey about the problem of falling prices. Bailey told him the tariff had little or no effect on the plight of the farmer; the whole difficulty arose from “an appreciation in value of gold.” Interested, Bryan demanded a list of books on the subject and was soon deep in a study of the money question.
To a man like Bryan, studying the money question meant searching for some means of checking the deflationary trend that was so injurious to his farmer constituents. He quickly discovered that most farmbelt financial authorities felt this could best be done by providing for the free coinage of silver. In 1873 the United States had gone on the gold standard, which meant that only gold was accepted for coinage at the mint. By going back to bimetallism, the amount of bullion being coined would be increased, and if the favorable ratio of sixteen to one between silver and gold were established, the production of silver for coinage would be greatly stimulated.
To press for the free coinage of silver at a ratio of sixteen to one with gold seemed less radical or dangerous than to demand direct inflation of the currency through the printing of greenbacks. Silver, after all, was a precious metal; coining it could not possibly lead to the sort of “runaway” inflation that had helped ruin the South during the Civil War. Debtors and other friends of inflation could also count on the powerful support of silver-mine interests. The free-coinage issue thus had a powerful political appeal. Despite the opposition of most conservative businessmen, the silverites were able, in 1878 and again in 1890, to obtain legislation providing for the coinage of some silver, although not enough to check the downward trend of prices.
Within a month after his tariff speech Bryan was calling for free coinage, and he stressed the issue in his successful campaign for re-election in 1892. But the new President, Democrat Grover Cleveland, was an ardent gold-standard man, and when a severe depression struck the country early in 1893, he demanded that the Silver Purchase Act of 1890, which had raised the specter of inflation in the minds of many businessmen, be repealed by Congress at once. In this way he committed his party to the resumption of the single gold standard.
Bryan refused to go along with this policy. Threatening to “serve my country and my God under some other name” than “Democrat” unless the Administration changed its mind, he resisted the repeal of the silver act in a brilliant extemporaneous speech. Cleveland carried the day for repeal, but Bryan emerged as a potential leader of the silver wing of the Democrats.
In 1894 he sought a wider influence by running for the United States Senate. In those days senators were still chosen by the state legislatures; to be elected Bryan would need the support of Nebraska’s Populists as well as of his own party. He worked hard for fusion, but Populist support was not forthcoming. Though the Democrats backed Populist candidate Silas A. Holcomb for the governorship, the Populists refused to reciprocate and ran their own man for the Senate seat. The Republican candidate therefore won easily.
At this stage the Populists were trying hard to become a truly national party. Their program, besides demanding the free coinage of silver and various land reforms desired by farmers, called for government ownership of railroads, a graduated income tax, the direct election of U.S. senators, the eight-hour day, and a number of additional reforms designed to appeal to eastern workingmen and other dissatisfied groups. As early as 1892 their presidential candidate, James B. Weaver, had polled over a million votes; in 1894 the party won six seats in the Senate and seven in the House of Representatives. At least in Nebraska, the Populists were not yet ready to merge with the “conservative” Democratic organization.
Defeat for the Senate did not harm Bryan politically. He was still in his early thirties; to one so young, merely having run for the Senate brought considerable prestige. Also, he had conducted an intelligent and forceful campaign. Even so it was a defeat, certainly not calculated to lead him to the remarkable decision that he made after the Nebraska legislature had turned him down. This decision was to seek nomination for the Presidency of the United States itself!