Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-09

Republican party stands, therefore. for a
dollar worth 100 cents whether it shall be
gold, silver, or paper money, and approves
of the legislation of the last Congress whlen
requires the Government to buy 4, ,5OOOu
ounces of silver every month at,its market
value, and that is a little more than the en-
tire silver product of the United States, and
for every dollars worth of silver thus pur-
chased the Government issues Treasury
note which shall be legal tender for all debts,
public and private and redeemable in coin
at the will OF the holder np9n p9 s presen'a'ion
The Treasury note thus issued has behind
it dollars worth of silver purchased IN
the markets OF the world at the market
value thereof Under the silver legislation
Of 1873 Congress required the Government to
buy and coin not less than 100000 silver
dollars every month, which silver dollars
are legal tender and the silver bought by
the Government was boughtin the markets
of the world according to its market value
The difference between the commercial
NHlue of the silver which is in n silver dollar
and the coin value of the silver dollar went
to the credit of the treasury of the the
United states.
What the silver Producers Want.
The silver in the silver dollar averaged to
the Government from so 80 81 cents on every
dollar and the Government puts its stamp
upon 81 cents worth of silver and made 1t
legal tender for 100 cents, and the difference
betweeen what the Government paid for
dollar went to the credit of the United
States and the benefit of the American peo-
pie and in the u years we coined under that
law, SCI 600 600 of profit or seignorage, or gain
went to the credit of the Government, ana
for the benefit OF the IS, ,00OcOO OF people:
Free and unlimited coinage OF silver would
give the profits to the silver producers OF
the world instead of to the Government OF
the United States. .
You can buy to-day STllL grains of pure sill
ver-which constitutes the silver DOLLAR
you can buy 1t in the markets of the world
today for IS cents Free ana unllnlteu
coinage invites the silver producers of the
world to bring their &c cents worth of silver
TO the mints OF the United States, the Gov
ernment agreeing TO coin the silver into
silver dollar, and by its fiat compel its peo-
ple TO take If for 100 cents, and the differ
Cnce between 76 cents, which is the price OF
silver TO-DAY ana IgD cenLsi nIo %cn nrId ID '1e ge
into the pockets of the silver kings OF TINS
country and Of the silver kings of the world,
and if we had free and unlimited coinage IN
the last Il years the S67, 900, which was the
seignorage or gain. to the Government,
would have been divided among the siver
producers of this country and the silver
producers of the world.
Position of the Republican Party.
The Republican position is that if there is
TO be any profit in this matter OF money
making that profit should go to the Govern
ment Of the United States, and not to any
class of our citizens or any silver producers
anywhere in the world [Applause.l When
we sell our labor, or our crops, we want to
get for it money that is as good as the
thing we give for that money, and we want
the thing get TO be unvarying in value
not only good to-day, but good any day of
the every week of every year. Not only
good in the United States, but good wherever
trade goes. [Cries of good" and applause
In a word, we want no short dollar, we want
no short weight and we want no short
measure. When the farmer sells his
bushel Of wheat he is required to give
q full bushel in measure. When he gets his
pay he is entitled to have full dollar in
value. TCries OF That is it," and applause
A short dollar always falls most heavily
upon the poor. The rich can take care of
themselves. They hoard the best money
and pay out the poorest which will pass cur
rent under the law. Why there is a general
notion that if we had free and unlimited
coinage of silver that we would have more
money in the United States. Instead of hav-
ing more money we would have less money.
for every dollar that is worth 100 cents
would go out of circulation at the very ap-
pearance of a silver dollar that was worth
but IS cents, for will tell you lO0-cent dol
lar won't keep company with an s0-cent dol
lar.
heLessons Of Experience.
II never has and it never will. Applause
And if there is anything we have a right to
demand OF our Government it is that the
dollar that the Government issues shall be
fixed and unvarying in value, and represent
a full dollar in every mart and market in the
world. Governor Campbell said in one of his
speeches the other day that had voted for
free and unlimited coinage of silver So
did. In 1871 voted to reinstate the ancient
silver dollar TO its place as part of the coin
age of the United States. Silver had been
stricken from our coinage in lS73 stricken by
both political parties. the one just as re-
sponshlc for it as the other, and in ISIS, be-
ing in favor Of both gold and silver as money
IL l-arN4 oil aNt-ifl hn 9th +
voted for the restoration of the silver
dollar. When did it we had but 100000
OF silver dollars in circulation When L
did it silver was more valuable than it is to-
day. We have 405,01OG00 of silver dollars to-
day, and that isaS much as we can maintain Mt
par with gold with the price OF silver that
prevails throughout the world. Governor
Campbell anG l voted together more than
once in the Congress of the United States.
In 1856 the Governoc voted against free
and unlimited coinage Of silver. He is for
free and unlimited coinage of silver now.
Laughter and applause.l He voted in 1886
that unless the nations of the world by the
lSt OF January, lSS9 would, by concurrent
action, fix the ratio between gold and silver
that then the whole silver coinage of the
country should be suspended.
They Voted Together Once.
He and voted together then [laughterl.
He was not willing then to change it lap
plausel. He is willing now [cheersl. have
twice voted, and don't know but oftener
Thirteen years ago when silver had been
stricken from coinage of this country took
every occasion TO reinstate silver to its an
cent place in our monetary system, because |
/ wan ted both metals. / am opposed TO free |
and unlimited coinage now because itmeans |
that we win be put upon silver basis and |
do business with silver alone instead of with |
gold, silver and paper money, with which |
we do the business of this country to-day, |
every one OF them is good as gold [applausel. !
/ want to tell the workingmen here, and |
the farmers, that it takes just as many blows |
of the hammer, 1t takes Just many strikes |
Of the pick, it takes Just as much digging, |
Just much sowing and reaping to get a |
short dollar it does to get full dollar. |
TApplause.1 Now there is one issue between |
Governor Campbell and myself. was going |
to say it is one issue at least between Gov |
ernor Campbell's platform in Ohio and the |
Republican platform on which l stand to- |
day. [Laughterl
Taking Up the Tariff Issue.
Now the other issue is the one relating to !
the tariff. The Governor does not like pro- |
lection now. Laughter and cheers l re- |
member when in 4 former Congress Mr.. |
Morrison brought in his bill, which was only |
a 20 per cent reduction of the tariff, and |
asked leave for the poor privilege of hav- !
ing it considered and made a motion to that |
effect. / demanded the ayes and noes and |
Governor Campbell voted with tnen.
[ApDlause.1
Governor, you were tight then, and Gov |
ernor, you did not want to vote for the Mills |
bill. either did you? [Applause.1 have |
an interview with the Governor which l |
shall not use until have passed it to him to |
inquire whether it is correct. Now, my feI- |
low citizens, it is not a question of what |
Governor Campbell believes now, or what |
he did in the past, or what have done in |
ing issues. [Cheers.l Governor Campbell |
has n right to change his mind, and il is |