The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1890-07-03
THURSDAY JULY 3, 1890.
Currency Expansion and Coinage Of
Silver.

Currency Expansion and Coinage Of
Silver.
The only question before the peo-
pie, upon which the Republican State
Convention gave an unequivocal cx-
preston, was OH the question OF cur
rency expansion and the coinage OF
silver. Upon all other questions it
platform is general platitudes which
each person or locality may interpret
to suit its within or caprice.
What the convention favors on the |
currency question is embodied in the
9Th Resolution, as follows:
5. We are in favor Of such an ex-
pansion Of the currency as will meet
the growing demands OF the increase
In population and trade and offset
the contraction resulting from the
continual withdrawal Of the national
bank circulation. That to this end
we favor such legislation rs will util-
lie as money the entire silver product
Of our mines, and we favor such laws
~ will aid in the ultimate unrestrict-
ed use Of both the precious metals.
Were the party honest and sincere
In the expression of that resolution,
It would merit well of the people of
Iowa. Honest convictions in line
with the public avowal Of its plat
form would demand that its Repre-
sentatives in Congress be changed for
others in sympathy and harmony
with the platform Of the recent con-
vention. This is not being done.
The nominations already made and
the delegates chosen to conventions
not yet held, are generally in favor
of the incumbent. or If otherwise ia
voring some one Of like views on this
al absorbing question. As test Of
the sincerity Of the party in the adop-
tion of the resolution quoted, read
the silver bill which recently passed
the Senate, and then examine the
record Of Iowa Congressman touch
Ing its passage:
Sec. /. That from and after the
date Of the passing Of this act, the
unit Of value in the United States
ahall be the dollar and the
same may be coined of
4l2a grains of standard silver. or of
twenty-five and eight-tenths grains
Of standard gold, and the said coins
shall be legal tender for all debts
public and private; that thereafter
any owner Of silver and gold bullion
may deposit the same at any mint
Of the United States to be formed in
to standard dollars or bars for his
benefit and without charge; but it
shall be lawful to refuse any deposit
Of less value than 800 or any bullion
20 base as to be unsuitable for the
operations of the mint.
Sec. 2. That the provisions OF Sec
ton 8 of an act to authorize the coin
age Of the standard silver dollar and
to restore its legal tender character
which become law February %,
1878, is hereby made applicable to the
coinage in this act provided for.
Sec. 3. That the certificates pro-
vided for in the second section of this
act and silver and gold certificates
already issued shall be of denomina
tions OF not less than one one or more
than one hundred dollars; and such
certificates shall be redeemable in
coin OF standard value. A sufficient
sum to carry out the provisions of
this act is hereby appropriated out
Of any money in the treasury not
otherwise appropriated. The proyis-
ion in section of the act Of Febru-
ary % 1873, entitled IAN act to au-
thorize the coinage Of the standard
silver and to restore its legal tender
character" which requires the secre-
tary of the treasury to purchase at
the market price thereof not less
than g., OOO, 900 of silver bullion per
month nor more than "a, ] OO, 900 worth
per month, Of such bullion is hereby
repealed.
Sec. 4. That the certificates pro-
vided for in this act and all silver and
gold certificates already issued shall
be receivable for all taxes and dues
to the United States of every descrip-
ton and shall be legal tender for
the payment Of all debts, public and
private.
Sc. 5. The owners Of bullion de-
posted for coinage shall have the
opportunity to receive coin or its
equivalent in the certificates provid-
cd for in this act and such bullion
shall be subsequently coined.
Sec. 6. Provides for covering into
the treasury the fund held for the
redemption Of national bank circu-
lation.
The title of the bill was amended
20 as to read: IAN act to provide for
the free coinage of gold and silver
bullion and for other purposes"
This bill passed the Senate by a
vote of AZ for the bill aud % against
It. The vote of VIM. b. Allison of
Iowa, being cast in the negative,
while Senator Wilson turns up among
the wounded or missing.
On the 25 of June this measure
came before the House Of Represent
atives, the vote standing Yeas 135,
Nays 152; ten Republican Congress
men from Iowa voting against the
measure, which has the endorsement
Of the Republican State Convention
a. shown in its 5th resolution.
These members are being re-nomi-
mated by the Republicans Of their
districts generally, their papers are
endorsing aud pointing TO the plat