The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1886-10-14
Cd. J. Il. Ksatley, Next Congressman
from tie Ninth. Begins His
Canvass.
PREsENTcoNcERns PREFERRED
The Silver Qusstion-Lessons from
Financial HistorY-Ths Speakers
Own Record.
The Burdens Of High TariF-Protec.
ton Apostles and Contract Cheap
Laborers.
STATE CONCERNS.

keatlcy spoke ~ Gscon's opera house today
70 Z crowded and enth uIisstio audience. The
natter ana manner Of tho address was sur
prise 10 Gi listeners. showing the speaker TO
he man OF earnest thonght, Wide informa-
ton and Logical IN his reasoning. Tho allus-
Ion 10 the se1xtor-editor or the Telegraph
brought down tho house. People agree that
1t was toe neAtes, job Of political taxidcrmy
they ever Witnessed. Col. kcatiey. after q
brief prelude, took up the oliver question.
In 1873. the speaker said. cougress. over
the presidents veto, re-establishcd the silver
dollar as . monetary unit. Silver WIS then
more valuable than gold. II provided that
s.. eee, e9o In slvefSheuld DO coined monthly.
but OF the large amount thus coined The bulk
remains in tho treasury, though silver GER
tificates have gone OFT to represent part or
IT. But when silver had fallen In value cred
TORS OF the government began cry that
the government sas about TO pay them IN q
cheaper money tnau the gold they had ex-
pestcd. ana John sherman. then secretary or
state, and w5tn the Implied sanction OF the
republican government, proceeded To ssinu-
late the UonlEoiiers' cry by doing seemingly
all ts his power 10 d-creai. the new dollar
stiii further. and this fear or alarm, whether
real or assumed, has resulted in the noisy de-
nlaau for suspension VI silver coinage.
There Is d class OF aiarpiists In this and
every country. who the moment they see an
outflow OF void 10 any extent, at once pro
diet the utter commercial ruin OF the coun-
try, by It's thorough dcr.ctlon Of that metal.
spain, at one time, when she was absolute
mistress of the immense treasures OF Spanish
America, forbade the expectation or the
precious metals. and by reason Of her beg
carly and nsrrow-iulnaed policy in that re-
sprct. eRns far below aii the other European
nations, In Industrial and commercial aport-
ance.
We have four kinds OF money now "a use
in our business, gold, silver, national cur
rency and national bank notes and gold and
silver certificates. We arc bound to take no
ticc Of the relation Of each OF these kinds OF
currency toward each other. Theories of
from our experience 10 another. 1t il Ms clear
40 the MONDAY sun, that In all
ths ordinary Uses to which any
OF these kinds of money are put,
they have the Same purchasing power,
whether the silver ia dollar Ia only worth
seventy-o cenis In gold or 10 worth one hun
dred cents In the latter metal. The greater
bulk or the silver now In circulation Il tax en-
up In the vast retail tratfic Of the country. II
Is fact known 10 everyone that In such
TRANSACTIONS these ave silver dollars will
purchase rs much human subsistence ~ I've
dollar gold piece. and that q nvc dollar note
OF either government issue or Of = nAtionAi
ave silver dollars. Thcse are facts OF constant
And daily occurrence. When the iaburer Or
iha mechanic or tho factory and mill opors-
tor cornes IA receive his or her weekly wages
on Saturday hight, we hear no cAmor from
the pay master for ..ear kind or money. an
honest kind OF f,ioues that purpose. Sill
yer dollars are hoF enough for his purpose
aud the man whe laid us twenty dollars
per week in -four q dollar gold pieces gets
40 more purchasing power In his mouey when
be comes 10 exchange II for food and ciothiag
than his neisnoor VITO gets his wages In
twenty eiiver doisrs. ThiA 10 not theory
not speculation. We sec II every day Of our
lvcs, all around Us.
1t has been objected to me- that favor the
suspension VI our present system o. silver
coinage. This Is not true. In the democrat
10 state convention OF 1879. | submitted a
yer dollar OF <l.L grains. What | am op-
posed 10 IL this. | deem It unwlse and unjus,
that the government shall TAX the people
about .wcnty-iuGi million dollars q year q
buy silycr button To tarn into coin. and Their
stack the cotn up useiessty in the treasury
That simply furnishes the bullion owner, with q
sure market NJ the expense or the people, and
with no corresponding benefit to tuem. ! am
In favor OF The free coinage Of silver, - vel
ne OF gold. aud then letting the bullion
owner take his own chances OF {
market, after IL 10 cCiaed, just
or any other owner of money. whether paper
or specie, 10 compelled to do SO. There car
be no question a. to the attitude Of the demo-
cratic party In congress. ana in the countr,
on this question. NlGcty.eight democratic.
representatives. On the LIST OF February. 1855
III letter addressed to President Cleveland
protesting against the suspension OF Eilvei
coinage. gave q sound expression OF the views
OF the party on that subject. IL ID indisputa-
bic that the majority OF the representatives
OF the republican, party OF the country are
adverse To the continuance OF such coinage
and tut for the solid trout presented by the
democrats in congress. against repeal. the
wishes OF tho great masses OF the laborinc
Class who have confidence IN the integrity Rne
soundness OF silver coinage, would have beer
disappointed. The leaders OF the republican
party are ciaIoriag for an honest dollar FOL
Ali ciasses. II IL al eternal truth. that w
have gn honest dollar now, for all such, be
cause the man or woman who receives ell
yer dollar or a silver certificate In payment o.
interest, can now buy as much with that cor
as the common Rborcr can who happens X
get gold or other paper money for his wages
Col keafiey called attention TO the fact tt a
the national bank system must necessarily
lapse through the calling In or the panli,
debt, aud asked: 'Can any Boid reason bt
Tiven why the government should devils,
some new and nntried security, in order Il
delegate TO q chain of corporations the func
t!ou Of regulating the volume and character
OF the paper currency or the country. wheI
the government itself can directly ana witt
penary power discharge that duty to the
citizenst" Ana money panics can be, as theJ
have been. smeorated by putting sddltiona
greenbachs into temporary circulation undcl
due legal precautions.
After "A mastery prelude to the epigrAn
that protection does Hot protect. Col. Keatlcy
said OF the protection Lowlers down east:
l confidently affirm. tnat they arc thu
A.,l1~
sac hands OF agents, to procure In Europe
those awarms or poorly paid HungNrians
Poles, aud Italian labosefs, under contract
the history or whose methods OF living il q dis
grace and dishonor 10 ianor Itself. Not con
tent with combining to break the power anC
influence OF a class OF worhingme who Ms
pire 10 Independence, comfort, and an educn
ton for their children, they also seek TO do
stroy competition In the sale OF the results o
such labor rs have described. am simply
repeating what eli Of you know, that Ill u
these great and powerful manufacturing in
situations. not content with high duties II
their especial interest are formed In giAn
pools aud associations to regulate the price,
~ which their products shAll 10 sohi. There
IL no free market, and every establishment
which refuses to enter this rant ring Il
crushed out. Souner or lAier. Look ~ tn,
great iron and steel association Of America
and OF Its purposes. II you has,
any doubt or the force aud effect Of suol
combinations. The great whisky pool, with
It's many idle dstilleries all over toe country
vel In receipt of ample revenues for SO 70
mnintng Idle. Whenever and wherever u
at'empt is maue to restiaiu the importation
or thie detrimental labor under special ant
odioas contract. from what souroe u1u.cs tn,
opiosittun 10 sucn restrictive legislation
Does II como from that olAls OF American
labor which 10 seeking = higher piano for II
sci! aud comfortable Ana respectable hoIne
for wives and ehiidreup Tho ausW 10 easl
An1 truthful. Opposition 10 the measure u
Teslfain tho further importation Ut Chimes,
coolies cane from the sciy class with whom
Mayor Lyman associates Ia voting for prohi
oilioa and against any modification Ia III,
interests VI the people OF the west. His vut,
- so recorded. Opposition 10 the abolish
nasnt OF deg rauieK contract lAbor comes frou