The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-05
HAS THE TRUE RING.

Governor Mckinley Gives Iowans Some Cold
Facts on FREQ Coinage.
Special to the Indianapolis Journal.
COUNCIL BLUFFS. Ia.. Aug. 4-Governor
Mckinley arrived here at noon to-day. He
was met at the depot by the reception CON-
mittee, was driven to the Grand Hotel,
escorted by procession of carriages and a
band. After lunch q reception was hold in
tho Republican League rooms in the hotel.
and at O'Clock the Governor was driven
to the fair grounds where he delivered q
tariff speech under the auspices of the Twin
City ChautauQua Association. He spoke
from q temporary platform erected on the
race-track, facing the grand-stand, which
was filled by an assemblage of ten thousand
persons. As the carriage dove up the Gov
ernor's party was greeted by prolonged
cheering, which was repeated when Mo-
Klnley appeared on the platform. He was
introduced by Judge Reed and spoke for
almost an hour: He said:
81 shall speak on tho subjects of money
and taxation. The Democratic platforms
of late years have declared IN favor of free
silver. but whom In the last Congress they
had q majority they failed to pass free
coinage bill against the opposition of q
solid Republican minority and deserters
lTOm tuo DcmOCE3LiC T8ukb. w u8b VIC w 8ub
Is q dollar worth . hundred cents, here IS
we'll as elsewhere BE 1t silver, paper or
gold, the Republican party insists, and has
always insisted, that 1t should be worth q
hundred cents. If there be two kinds of
money in circulation of different values.
everyone knows that the cheaper money
drives the good money out OF circulation
The 100-cent dollar won't associate with
the s3-cont dollar. [Lsughter.l
During the " ar you did not see any gold
A11
00O, 900 in circulation, a. the result of the re-
dcmption act of 1879. Some will claim that
the silver dollar Will buy as much as the
gold dollar. but 10 must be remem bered
that the silver dollar is now coined only to
limited extent. If there were free COIN
age it would mean that every man having
silver bullion could take 1t to the govern
mont mints ana got 1t coined. Now the
government retains the difference between
the value of the silver coined in a dollar
makes the profit. whereas were there free
coinage the silver men would get the rake
off, We do not want any short dollars in
this country. A short dollar is worse than
q short crop. A kind Providence may fol-
low short crop with a good one, but
Providence has nothing to do with the
lengthcning of the short dollar. Laugh.
ter.
would say that If We had the power We
would abolish oil taxation. We don't like
1t, but 1t is necessary to sustain the gov.
eTnment. The question is how to raise it,
The revenue tariff advocAted by the Dem
ocrats encourages no American industry.
It 10 levied in cold business blood. 1t con.
sidcrs only the country, not the home. The
consumer pays IL. The Republican pro.
tective tariff. on the other hand, taxes the
foreigner"
Governor Mckinley then went on to show
that protection benefited the farmer by
giving him o nearby market. He declared
that the old farmers who founded the Re-
public originated protection. He showed
the advantage of the high tariff by com.
pairing the conditions of the country under
the high and low tariffs. Referring to Re-
publican defeat in 1850, he said the McKin
ley law was only four months old then and
TOO young to speak for itself. Now il cal
and Is speaking for itself.
At the conclusion of his address. Mr.. Nc.
Kinley went to Omaha, where he speak.
tomorrow.