The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1894-05-24

4 ALLISON ONaSIE,YER
ia NOTABLE sTATEsMAN,s. ADDRESS
10 THE MICHIGAN 'cI.UB. ! v
l lsat-, y ~ i-4-7r- 'sff 81
VI GEowing Sentiment In Germany and Eng.
land In Favor Of Bimetallism The Sen.
ator Also Hasa Word to Say, About Tsrina
end Markets For Agrioulturai II,
Hon. William B. Allison. Of Iowa Has
long been one Of the foremost qtneh in
the nation. For many years his, voice
has been listened to with equal Fattttehtio n
i in the east and in the great northwest,
While recognizing fully the need Of the
4 whole country, he has never forgotten
the toiling masses of the prairiesIof his
own and neighboring states. Never OK
y treme or intensely radical, he has yaG
firmly held to those things which,
the past, have SO built US up as a natl tito,
SO pushed us forward on our caree3r: IS "
the greatest power Of the world. s" IIIi5s
words always attract, hold and deserve
+ close attention, ls,al.
His speech at Detroit Feb, 20, last was
in his best vein and fraug with. vivid
lessons Of the hour. ;Itiwas time, q
place, to rouse land stimulate and the
extracts which follow show how well
and thoroughly he rosetot the fullhoight
OF the occasion: 7iti 5f''it> WIN t'@@',.& ''.'i
T have given you the past Of silver
in brief. Now what is it. that will fre-
store silver to the money. of the world?
I. The world is. Interested lin, this lrestora-
. tion. There arc men Of the highest in
telligence in every nation in Europe
that favor the restoration Of silver.
There is. not a professor Of political
economy, with very fewexeeptions, in
4 Great Britain who does not believe that
Great Britain should reverse her policy
Of the exclusive gold Standard establish
ed in 1916 and restore silver to its nor
NAL relation in that country, in connec-
tion with other: nations, and there is a
strong political party in that country,
representing the agricultural interests
and representing the commercial inter
ests, which favors tho restoration of sill
yer in Great Britain in connection with
other nations. .-..-
t France and Italy and Belgium end
!, Holland have more, than 4, 200, 0O0,-
900 of silver, which is worth at least
81 per cent less of silver than our sill
yer dollar circulating today in those
governments side by side with their gold
money, gold being the standard there. I
have reason to know that all those coun-
tries are ready at any moment to reha-
bilitate silver when a sufficient number
of other nations will join them to that
end Three weeks ago the German en-
peror appointed a commission to consid-
er the question Of the revision of the
currency, because, although they have
the gold standard alone, and although
they undertook to get rid of their silver
dollars, they have still 100, 900 Of
them circulating side by side through.
out the German empire as full legal
tender in the payment Of debts, occupy
ing and taking the place of gold in
Germany. III
On this royal commission, appointed
few days ago, are seven members,
]; only one Of whom is in favor Of the sin
gle standard Of gold. In Austria, where
they have had the silver standard until
recently, they have undertaken to estab-;
lish the gold standard, and yet Austria
has not been able to place her paper
money upon a par with gold coin. In
dia, dependency Of Great Britain, with
her $50, 1000, 900, of people, has more
than 1000, 900, 900 rupees in circula-i
ton and has wholly a; silver standard
Great Britain has undertaken to estab-,
ish in that country gold standard and
fixed value for the rupee without O
gold circulation, and the people Of India
are in worse condition today than any
other people on the face of" the globe,
worse than we would be when the pol
icy Of the Democratic party is carried
out in this country through, the legisla7
ton upon the tariff. II :! JHlQfSI !
f'The East India trade which now, in
stead Of crossing the pathway Of the
Pacific, passes around the straits and
through the Suez canal, was lately dis
turbed as well as the trade between In;
dia and China and Japan, This little is
land country, lying between us and
China, having the most productive and
industrious people upon the face Of the
globe, as we know who visited the Chi
acago exposition, intelligent enough at
least to manufacture the most beautiful
fabrics that can be made, is taking away
from us and from the, east the manu-
facture Of silk. It has the silver stand !:
ard, and they have, unlike India,sno debt
payable in gold LII Ill !,
''The solution of this question is that
these nations Of Europe that have dis
Outraged silver must unite with us in
its restoration, and that the logic Of
events will bring it is as certain in my
belief as that the sun will rise tomorrow
morning. The political economists of
Germany and Austria favor the restora-
ton of silver because they do not believe
there is gold enough in the world to con-
stitute the standard money for the trans
actions of the world. Although we are
l,,o,,,,;,,c, ont into tho ohonno1c IF com.