St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-10-09

ADA, O., Oct. s.-Col. Howe. Republi-
can chairman of the meeting, intro
duced Maj. Mckinley as IAN ideal typi-
cal American, one known not only at
home but abroad" [Applause].
cit gives me pleasure" said Maj. Nc
Kinley, after the ovation which greeted
his appearance had subsidized, "to greet
this great audience, and special pleas
ure to speak from the same platform
and to the same audience with Gov.
Campbell, that we may present the
cause that we respectively represent.
There is one or two of the issues which
propose to present. One of them is
the question of the silver and the other
the question of taxation. One relates
to the standard with which we shall
measure our exchanges with each
other and the rest of the world,
and the other relates to the methods
of taxation by which we shall raise
revenues for public purposes. Upon
this question of silver the Democratic
platform has declared for free and I'M
limited coinage of the silver of the
world as freely as gold is now coined
and upon the ratios now fixed. The Re-
publican party stands opposed to that,
insisting that it cannot be safely done
until the great commercial nations shall
have fixed the ratio between gold and
silver. The Republican party stands
therefore for dollar worth 100 cents
whether it be gold or silver or paper,
and approves of the legislation of the
last congress, which requires the gov
eminent to buy 100000 ounces of silver
every month at its market value. That
is little more than the
Entire Silver Product
OF the United States, and for every dol
lars worth of silver thus purchased the
government Issues its treasury note,
which shall be legal tender for all
debts, public and private, and redeem
able in coin at the will of the holder.
The treasury note thus issued has be-
hind 1t dollars worth of silver pur-
chased at its market value. The differ
ence between the commercial value of
the silver in the dollar and the coin
value of the silver dollar went, under
the silver legislation. of 1878, to the
treasury. The cost of the silver in the
silver dollar averaged to the govern
ment 50 10 III cents, the government
it legal tender for 100 cents,
and the difference between what
the government paid for the sill
yer and the face value of the
silver dollar amount in twelve years TO
SCI, 900, which went to the benefit of
the 63,000,000 of people. Free and I'M
limited coinage would give that profit to
the silver producers of the world. You
can buy to-day the Btu grains of pure
silver which constitute the silver dollar
for 76 cents. Free and unlimited coin
age would invite the silver producers of
the world to bring their 76 cents worth
Of silver to the minis of the United
States to be coined into silver dollar,
this people to take it for 100 cents. The
Republican party says that ii there is to
be any profit in this matter of money
making it should go the government.
When we sell our labor or our crops we
want to get for them the money that is as
good as the things we gave for that
money and we want the thing we get
to be unvarying in value and not only
good to-day, but good every day of
every week of every year and good
wherever trade goes.
We Want No Short Dollars.
There is general notion that if we
had free and unlimited coinage we
would have more money. Instead of
having more, we would have less. for
every dollar worth 100 cents would go
out of circulation at the appearance of
silver dollar worth but 76 cents. A
hundred-cent dollar will not keep COM
pany with 76-cent dollar. Gov.
Campbell said in one of his speeches
that l had voted for free and I'M
limited coinage of silver. So l
did in 1877. l voted to reinstate the
ancient silver dollar to its coinage.
Silver had been stricken from our coin
age in 1878 by both political parties. In
1878, being in favor of both gold and sill
yer as money to be kept at parity one
with the other, voted for the restora-
tion0f the silver dollar. [Applause.l
When | did 1t we had 100000 silvel
dollars III circulation, and silver was
more popular than it is to-day. We
have 405, 10000 silver dollars to-day,
aud that is as much as we can maintain
at parity with gold with the price
OF silver that prevails throughout
the world. Gov. Campbell and
voted together once. [Cheers and
laughter. we have voted together
more tilan once. [Renewed cheers]. In
1885 be voted against free and unlimited
coinage of silver. He isSfor it now.
lGreat cheeringl. He was right then,