Alma record. (Alma, Mich.) 1878-1928, 1894-06-08

some safe basis for the use Of silver As
standard money. l am utterly opposed
to the coinage of the seigniorage. This
would weaken the parity rock upon
which l stand. This is held by the
government as idemnity for the re-
demption Of the treasury notes issued
to pay for bnllion bought at its COM
mercial value, and the proposition to
coin this and put in circulation is an
outrage upon the government and peo-
pie. | would somehow make silver one
of the metals of ultimate redemption,
as il always has been in the worlds
history until recently"
Above will be found the text of all /
have said in public and private on the
silver question. | delivered au adj
dress before the Union City Farmers
Club the LIST of October, upon gold and
silver. Some of those who heard me
will doubtless remember that outlined
the results that would follow if the bill
passed. told them that wheat instead
of advancing would decline. Mr.
Lodge now says: with the single
gold standard England expects the
value of money will be doubled in less
than twenty years." and l fancy that
some of these advisors of Gov. Rich who
are now drawing salaries from the
public of from $4,000 to $1,000 per
annum, anticipate that in purchasing
power it will be doubled, as England
expects its investment in bonds to do.
In 1892, when / was pleading with all
the zeal and energy at my command
for the election of Gov. Rich and the
entire republican ticket, held up this
financial plank before those who heard
me, and said: 1--WE demand the use of
both gold and silver as standard
money" AT Bad Axe and Ithaca |
made special effort to discuss the
financial plank. AT Bad Axe a special
friend of the governor, from Lapeer,
was present; he honored me with his
compliments, and Gov. Rich once re-
ferred to the speech as reported by his
friend, and he certainly found no fault
with il then. | talked in nine of the
twelve congressional districts. No cam
didate found any fault with my position
on the silver or tariff questions.
My utterances and sentiments did
not change with the election. | have
thought and talked since as | did be-
fore. 1 am private citizen, and my
views are Of no special Importance to
anyone except myself. But as they are
condemned by Gov. Rich, /, in common
with many others, would like to know
where he stands upon this question,
of such vital importance to all the ma
terial interests of the country. Silver
under present conditions occupies the
same attitude that paper money does.
1t and its representatives are to be
somehow taken care of with gold Mr.
Horn says in the New York Tribune,
1--WE are now doing business on the
single standard basis" and he is prac-
tically correct, and l frankly confess
that do not like it, but | fear that it
must be endured while Grover Cleve-
land is president of the United States.
He is man of great intellectual power
and determined purpose. believe he
was honest when he said to congress
last August that silver and gold had
travelled together as long as they could;
silver must be relegated to the rear.
This furnished the basis for my strong
opposition to the repeal of the Sherman
law. While that remained in force the
conservative element in congress had
the power to legislate wisely upon the
currency question. Mr.. Lodge gives
us with telling effect the results that
have followed resort to the single
gold standard, and talks of the future
with all the fervency of one of the
prophets of old. The republican State
convention in Indiana resolved strongly
in favor of the efforts being made by
Mr. Lodge and others, which are briefly
summed up in an effort to make Eng
land see that her interests lie in the di-
rection of bi-metallsm. Failing in
this then try to adopt some wise, safe
measure that shall make silver standard
money without the aid of England
Right here is where / have stood aud
now stand, and if it is treason to coun-
try or party, want all men to make