The herald., 1895-07-11
The State Convention in Session
at DeS MOineS
PROTECTION IS THE ISSUE
Lane Advises q Vigorous Fight to q
Finish
He Speaks Against the Free and Unlimited
Coinage of Silver, Which Means Ulti.
mate Reputation

Associated Press Special Wire.
| 9sDES MONIES, July 10.-The Republi-
| can state convention today was one of
| the largest and most memorable in the
| history of the party in Iowa. There were
nine candidates for governor and six bal
| lots were necessary to decide the contest,
| resulting in the nomination of Gen. c.
M. Drake of Centerville for governor.
Hon. Matt Parrot of Waterloo was NOM
mated for.kieutenant governor on the Sec
| ond ballot, and Supreme Court Judge
| Given, State Superintendent Sabin and
Railroad Commissioner Perkins were
renominated. Senator Allison was pres
ent, and was received with wild and en-
| thusiastic demonstrations when his name
| was mentioned in connection with the
| presidential nomination. The resolu-
| tions were conservative mainly reite rat
ing the Republican national platform on
! currency and tariff questions.
DIES MONIES, Ia, July 10.-The Iowa
state Republican convention attracted
more than usual attention on account of
| the possibilities affecting the presidential
| boom Of Iowa's favorite son, William b.
| Allison. The utterances of the tempor-
aIy chairman of the convention. Joseph
r. Lane of Davenport were listened to
| with marked interest as the outline of
| Alison's ideas as to the present political
situation. II favored international BIZ
metallism, but opposed independent free
| coinage by this country alone. Lafe
Young will be permanent chairman.
| Mr.. Lane congratulated the convention
| upon the magnificent harmony existing
tha Do
party throughout the state.
"The Republican in the past, he said.
"has been in favor of protective tari if ;
| in favor of American industries and AM
| erican products; in favor OF America first
and England last.
There we stand today. Under the fa-
yoring influences on the protective tarplff
and reciprocity, enacted by the Republic
| can party, we had prosperity, good times
| ennobled. Through it was made possible
| the American home, unknown to any
| other country or any sother people. The
American home, the foundation and sta
| bility of this government. Legislate away
the ability to build and maintain in AM
| country with a class of rowing. reckless,
| impoverished people that must result in
| anarchy.
'In 1892, through the deception and
| false promises of the Democratic party,
Benjamin Harrison was defeated and
the people thought they wanted change.
They got it. 1t is matter OF history
| in what doses it came and how soon they
learned they did not want it. Hardly had
Mr.. Cleveland been inaugurated before
| their Democratic free trade proms seS and
| threats eliminated in panic as severe in
| its disastrous results as it was sudden in
! its coming. 1t swept down upon us, an
avalanche of distrust and fear of Demo-
cratic legislation. They promised to re-
peal the Mckinley tariff law and to en-
act law to collect duties for the pur-
| pose of revenue only"
The Gorman-Wilson bill. enacted be-
! cause the sugar trust and other combina-
tions satisfied the people that the Demo-
cratic party was truly in favor a tariff
for revenue. This legislative outrage was
SO patent that President Cleveland was
forced to publicly declare that they had
"mar ked the place where the deadly
| Blight OF treason had blasted the coun-
ellis of the brave in their hour of might"
| 1t was so false to the pledges and prom
ises of the Democratic party that the
president publicly denounced it as a
''party perfidy and dishonor." This
bill was SO opposed to the interests OF our
people, our institutions and our princi-
pies, so un-American, that it was left by
the president at the door Of congress, un-
signed, unnamed, without a fathsr-a
| public foundling forever. 1t was this
class of legislation that made it possible
to give Iowa solid Republican delega-
| tion in congress and to sweep the coun-
| try with Republican victories.
Cognizant OF its gigantic blunder-
smarting under the stinging rebuke OF
| 1s94-who wonders that the Democratic
| leaders at once attempted to conceal
| their free trade sacri Ices by turning their
| tom toms upon the currency question.
Now that prospective Republican legis-
| lation has restored business confidence:
now that the fires in our furnaces are
| being reklndled; now that the wages of
laborers are being advanced to the Amer
| ican standard, let us see to 1t that the
| Democrat does not name both the bat
| tie groundIand the weapons.
| Let us demand that the tariff question
| be one of the issues.
Let us force the fight, and to finish.
| You have net to nominate the next gov
erno; of the state. You have an other
and, to my mind ia very important duty
| to declare and announce the pri nci pies
and policy OF the Republican party IN the
| state of Iowa.
This is not only important as affecting
the coming state election but in shaping
| the influence and position of Iowa in the
national convention of 1896.
If wisdom prevails here today, we have
good prospect that the next president
| OF the u Hlleu states Will De from iowa.
The Republican party has been and is
now in favor of sound national cur
rency. A currency always redeemable in
! coin. Whatever the form of our money,
whether gold, silver or paper, it must
! have equal purchasing power. Gold and
| silverfhave always been and will continue
| to be the money of thde world. They are
not the creature OF legislation. These
metals are tho natural money of the
world, because of their divisibility and
their non -destructl bility. The value or
| price of these metals, gold and silver, is
and must of necessity be determined
and measured by the same rule applied
to all other comm odities. That is by the
| quantity produced and demand for its
| use. By this rule gold is more precious
| and silver less valuable. We recognize this
difference in value in the coinage OF silver
and gold into money at fair ratio. That
ratio thus fixed may become changed and
seriously disturbed by an abnormal in
crease i'll the production OF one or the
| other.
| The enormous production of silver in
the past few years in this and other
| countries has increased the quantity
| without relatively increasing the demand
and has lowered the value.
Silver being necessary in the money OF
the world, we must either maintain its
coinage at par, by legislative limitation
Of the amount or change the coinage ratio
to the basis of its market value.
| Under the policy OF legislative limita-
tion of the amount aided by redemption
| when in excess o. the demand we have
| boap abIa inta silver