Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1891-10-22

of the state, but by congressional districts,
and flat Democratic party may gerry
mander in Iowa the counties and so arrange
them INTO congressional districts that the
Democratic party would have a majority;
and having majority for congressional
purposes under the Michigan law, it would
have majority for the purpose of electing
the president Of the United States. 1t is
in relation to the National character of this
contest that l am here to speak to the
people of Iowa to-day. There are too great
questions here, as there was two
great questions in the state of Ohio.
have seen your platforms; l have
read them to-day. | find that the Demo-
cratic party of Iowa declare for the free
and unlimited coinage for the worlds sill
yer and also declares in favor of free trade.
l find that the Republican platform of
Iowa, like the Republican platform of Ohio,
enters its protest against anything of the
kind, and is in favor of an honest dollar
worth 100 cents not only to-day, but every
day and every week of every year; not
only worth 100 cents in the United States,
but worth 100 cents in every mart or mar
ket place in the world. The Republican
platform of Iowa also approves of the silver
know now whether we want free and I'M
limited coinage of silver, we must know
what free and unlimited coinage means
We must know something of the legislation
for the last twelve years, as we'll as to
understand the legislation of July. 1890
For twelve years from 1873 to 1890 we
operat under what was known as the
Allison act, which bears the name of your
distinguished senator. 1t was passed in
1873. 1t requires the government of the
United States to purchase aud coin not
less than 2, 900, 900, nor more than 4, 600,
900 of silver dollars per month. The gov
eminent goes into the market and buys the
silver at its market value, just as it would
buy corn or wheat or wool, takes it into its
minis and under our coinage law, there
are four hundred, twelve and half grains,
troy weight, which constitute the silver
dollar. Buying the silver thus in the mar
kets of the world, no matter at what price,
it coins 4I2H grains of it into a silver dol
lar, and makes this silver dollar legal
tender in all the business transactions of
the country. 4I2H grains of silver are con-
tanned in that silver dollar which l hold in
my hand The average price of those
4I2H grains to the government in the last
twelve years has been seventy-nine cents,
coined it into a dollar and passed it among
its own people as worth 100 cents. And
the difference between the commercial
value of the silver contained in this coin
and the face value of the silver dollar has
gone to the credit of the treasury and for
the benefit of all the people. In those
twelve years we have made profit of S76,-
900, 900 to the government of the United
States, representing the difference between
the market value of the silver dollar and
the face value of the silver dollar Now
give US free and unlimited coinage of silver
and every producer or owner of 4I2R
grains of silver, which is worth but seventy
six cents to-day, can take it to the minis of
the United States, have it coined at the ex-
pense of the government and the people,
and get dollar which, by the fiat of the
government must among pass our people for
100 cents With free and unlimited coinage
of silver the profit goes to the mine owner,
the silver kings of this country and the
world, instead of going to the people of
the United States The silver producer is
invited by the government of the United
States, under free and unlimited coinage,
to bring 70 cents of silver to the minis of
TIC OhllCd OldlCSI put IL llllO tic RONClH-
ment hopper and the government grinds it
out at its own expense and gives to him
that which passes for a dollar You just
put 70 cents in the slot and get dollar on
the spot. Laughter
Now the Republican party insists that if
there is to be any profit in monev-making.
it shall go to the government. If you had
had free and unlimited coinage in the past
twelve years, this $67 900, 900 which is to
your credit in the treasury as part of the
revenues of the government, would have
been divided among the silver producers
of the world Under the new law of the
last year the government is required to buy
a, 500 600 ounces of silver. That is a little
more than the entire silver product of the
United States How does the government
buy it? 1t buys it at the market value, and
for every dollars worth of silver bought,
not for every 4I2H grains of silver, but
for every dollars worth of silver bought
the government issues a treasury note,
which is legal tender for debts, public and
private, and which is redeemable in coin
at the will of the holder. So that every
treasury note that is issued has behind it
and beneath it to support it, silver bull
lion, which will sell for 100 cents for every
dollars worth of treasury notes that is is
sued by the government of the United
States. If should ask any gentleman in
this audience, if per chance there be one,
laughter lIwhy he is in favor of the free and
Rnlimited coinage of silver, he would an
swet me, because lie wants more money,
saying that the more money we have the
better times there will be. Free and I'M
limited coinage of silver means less money
instead of more money You make silver
dollar that is worth but Is cents intrinsic
ally, unlimited in it's coinage, and you
drive every form of money that is worth a
hundred cents out of circulation For /
tell you that a hundred cent dollar won't
associate with an SO cent dollar. Laugh
ter. 1t won't keep company with it, 1t
never did. 1t would not do it during the
war, when we did our business with depre-
ciated currency. Coin and silver went out
of circulation, went into their hiding
places, went away from the United States
and never returned until by congressional
enactment and the preparation for resump-
ton, every form of money issued by the gov
eminent was made redeemable in coin at
the will of the holder You make an 80
cent dollar legal tender and your So, $780,
900, 900 of gold will go out of circulation at
once. More than that, the S346, 900, 600
Of greenbacks which are now in circulation
today, will go to the treasury of the United
States for redemption, and if the Republi-
ian party is in power those treasury notes
will be redeemed in the best money in the
world and then that $3.50, 600, 900 will join
the other $500, 900, 900 and go out of the
avenues of trade and the arteries of business
within the United States. So that instead
If having more money we will have less
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