The Cross of Gold speech was delivered by William Jennings Bryan, a former United States Representative from Nebraska, at the Democratic National Convention in Chicago on July 9, 1896.
[1] Bryan's address helped catapult him to the Democratic Party's presidential nomination and is considered one of the greatest political speeches in American history.
His speech, delivered at the close of the debate on the party platform, electrified the convention and is generally credited with earning him the nomination for president.
Despite vocal opposition led by Tennessee Representative (and future president) Andrew Johnson, the precious metal content of smaller silver coins was reduced in 1853.
Critics contended that the inflation which would follow the introduction of such a policy would harm workers, whose wages would not rise as fast as prices would, and the operation of Gresham's law would drive gold from circulation, effectively placing the United States on a silver standard.
Pro-silver forces, with congressional leaders such as Missouri Representative Richard P. Bland, sought the passage of bills to allow depositors of silver bullion to receive it back in the form of coin.
Railway employees had refused to handle Pullman cars in sympathy with the strikers; this action threatened to paralyze the nation's rail lines.
Jones points out that though Bryan's speaking engagements were not deemed political by the standards of 1896, by modern measurements he was far more active in campaigning for the nomination than most of the better-known candidates.
Circulars were being distributed in Illinois, and admirers in Nebraska, North Carolina, Mississippi, Louisiana, Texas, Arkansas, and other states were urging his selection among their friends.
According to Barnes: The people of the South and the West had for years been convinced of the enormity of the "crime of 1873", and they had long since come to regard silver as the sword that would cut the Gordian knot of privilege.
This takeover was considered far more important than was the choice of presidential candidate, and the committee decided to take no position on who should win the race for the nomination, reasoning that the victor, no matter who he was, would be a silver man.
[40] The only gold man who put together any sort of campaign for the Democratic nomination was Treasury Secretary John G. Carlisle, but he withdrew in April, stating that he was more concerned about the platform of the party than who would lead it.
However, as late as June, the gold forces, which still controlled the Democratic National Committee (DNC), continued to believe that the nominee could be pro-gold.
Cleveland friend and former Postmaster General Donald M. Dickinson wrote to the President in June 1896 hoping that the delegates would recognize "common sense" and be frightened at the thought of nominating a radical.
For one thing, he began the 1896 convention without any official status—the Democratic National Committee, which made the initial determination of which delegations would be seated, had chosen the pro-gold Nebraskans to represent their state.
[46] However, Barnes deemed the actions by the committee immaterial to the outcome due to the silver strength in the convention: Anyone who doubts the power the silverites were ready to unleash in a disciplined and irresistible attack needs only to read the results of the election of temporary chairman.
Nevertheless, Senator John W. Daniel of Virginia was by an overwhelming vote elected temporary chairman, and a Committee on Credentials was appointed that seated Bryan and his contesting Nebraska delegation.
Delegates called for better-known speakers, such as Altgeld or Bryan, but were granted neither then; the Illinois governor declined, and the Nebraskan, once seated, spent much of his time away from the convention floor at the platform committee meeting at the Palmer House.
[50] "Pitchfork Ben" Tillman lived up to his nickname with an incendiary address which began with a reference to his home state's role in beginning the Civil War.
[63] Bryan began softly, I would be presumptuous, indeed, to present myself against the distinguished gentlemen to whom you have listened if this were a mere measuring of abilities; but this is not a contest between persons.
[59] As he concluded his historical recitation, he reminded the silver delegates that they had come to crown their victory, "not to discuss, not to debate, but to enter up the judgment already rendered by the plain people of this country".
[71] The police in the convention hall, not sharing the enthusiasm for silver, were described by the press (some of whose members were caught up in the frenzy) as standing as if they thought the audience was about to turn on them.
[74]With this call to action, Bryan abandoned any hint at compromise, and adopted the techniques of the radical, polarizing orator, finding no common ground between silver and gold forces.
[76]This statement attracted great cheering, and Bryan turned to rhetorically demolish the compromise position on bimetallism—that it should only be accomplished through international agreement: It is the issue of 1776 over again.
"[80] It took about 25 minutes to restore order, and according to Bensel, "somewhere in the mass demonstration that was convulsing the convention hall, the transfer of sentiment from silver as a policy to Bryan as a presidential candidate took place".
[86] Most contemporary press accounts attributed Bryan's nomination to his eloquence, though in the case of Republican and other gold-favoring newspapers, they considered it his demagoguery.
Author James Ledbetter notes various circumstances that suggest this quote may be fiction or parody, and points out the level of anti-Semitic sentiment in the Populist movement is disputed by historians.
When McKinley and his advisers, such as industrialist and future senator Mark Hanna, realized that the views were more than transitory, they began intensive fundraising from corporations and the wealthy.
"[67] Harpine suggested that, "by appealing in such an uncompromising way to the agrarian elements and to the West, Bryan neglected the national audience who would vote in the November election".
[108] Historian R. Hal Williams suggested that the opposite philosophy, of legislation for the masses leading to prosperity for all, advocated by Bryan in his speech, informed the domestic policies of later Democratic presidents, including Franklin Roosevelt with his New Deal.