The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-08-08
IOWA COLDBUCS.
They Met and wrAngis Over Resolutions
The Chalrman's speech.

They Met and wrAngis Over Resolutions
The Chairman's speech.
Marshalltown. Iowa. Aug. 7.-One Of
the most notable state conventions In
Iowa closed In this city this afternoon.
Since Monday there has been bitter
strife between the two opposing ele-
ments OF the party. one contending for
a ticket nominated on a platform on
a sound money" basis. the other clam
oring for free coinage without waiting
for an international agreement. From
start to finish the white metal contlng-
ent did nearly all the talking. BY an
apparent fortuitous incident. the silver
men had a fine chance TO exploit their
their views In the convention hall dur
ing the afternoon, from the fact that
the resolutions committee got into a
wrangie on the financial plank that
kept them in the committee room till
nearly 4 o'clock.
On the money question Chairman
French dwelt for some time. and said
In part:
"Our national platform calls for the
Joint use OF gold and silver as money,
but the dollar unit OF coinage Of both
metals must be Of equal intrinsic and
exchangeable value, or adjusted
through international agreement or
maintained at a parity by the safe
guards OF legislation. II means bimetal-
lism. IL does net mean gold monomet-
allism or silver monometallism. To
secure the concurrent use Of both met
ais 1t sets forth three methods. capable
OF separate or combined use. Let US
consider the first. At what ratio shall
we coin the metals so that a dollar
OF one will equal a dollar Of the other
In intrinsic and exchangeable value?
When we want to know how much
things are worth we go 10 the mar
kets and find out. We don't hunt up a
congressman 10 ask II he knows the
value OF eggs or spring chickens, or
grain. or anything else. or II congress
has declared what their value shall be.
ITO so coin gold and silver that both
shall circulate together by reason of
parity OF value. we must follow Jeffer-
sons advice and inquire the price OF
gold and silver In the markets OF the
world. IL we find one ounce OF gold
will buy So ounces OF silver. that Is the
ratio 20 adopt. To put In the silver
dollar more than 80 grains Of silver for
each grain OF gold in the gold dollar
would az once drive our silver money
from circulation. and to put in less
would Danish our gold.
THE money question Is not limited
to one nation: IL concerns all. and the
platform OF the democratic party also
embraces an International agreement.
II to-day the leading nations OF the
world would. by common agreement.
open their mints TO the equal coinage
OF both metals. according to the mer-
camille ratio, pledging themselves TO
redeem the coins Of each in the coins
Of the other. the child Is not born who
would live long enough TO see a pre-
mium on either gold or silver.
Let us examine the free coinage of
silver at Is 10 /. and see what 1t means.
and what its results would be. We
have now in circulation about $500. .OC0.-
900 of Is to silver money. which we
are able TO maintain on a parity with
gold by its redemption in gold. Could
we coin the 5000. 100000 or more OF sill
Yer produced in the last 100 years into
ls TO 5o-cent dollars. and redeem