The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-11

the convention, Joseph r. Lane, of
Davenporl, Ia, were listened to with
marked interest as an outline of the
Allison idea as to the present political
situation.
Magnificent Harmony.
Gentlemen of the convention:
1 congratulate you upon the magnifi-
cent harmony existing al the present
time in the Republican party throughout
The state.
Tho Republican party in the past has
been in favor of a protective tariff; in
favor OF American wages for American
labor, in favor OF American industries
and American products; in favor of
America first and England last.
There we stand today. Under the IA
vcring influences OF . protective tariff
and reciprocity, enacted by the Republic
times and plenty OF money.
Under it labor has ennobled.
Through ii was made possible the
American home, unknown to any otheC
country or any other people. The Amer
lean home, The foundation, the stability
of this government.
Legislate away the ability to build and
mainta in America the homes, and you
viii fill this country with a class of row.
ing, reckless, Impoverished people that
must result IN anarchy.
In 1892, through the deception and false
promises of the Democratic party, Ben
jamin Harrison was defeated and Grover
Cleveland elected.
A majority Of the people thought they
wanted change. They got 1t.
A Matter of History.
1t is a matter of history in what doses
1t came and how soon they learned they
did not want it.
Hardly had Mr. Cleveland been inau-
gurated before their Democratic free
trade promises and threats eliminated
in Il panic, as severe in its disastrous re-
suits as it was sudden in its coming.
Il swept down upon Us. an avalanche Of
diStrUSt and fear of Democratic legiSla-
ton. They promised TO repeal the Nc
Kinley tariff law and TO enact a law to
collect duties for the purpose Of revenue
only"
The German Wilson bill, enacted by the
sugar trust and other combinations, sat
3Sfied the people that the Democratic
party was truly in favor of a tariff for
revenue only. But they demand TO know
who only got the revenue. This legiSla-
tive outrage was 50 patent that PreSi-
dent Cleveland was forced to publicly de-
clare that they had marked the places
where the deadly blight of treason had
blasted the councils OF the brave in their
hour of night
II was SO false to the pledges and
promises of the Democratic party that
the president publicly denounced 1t as
party perfdy and diShonor
This bill was 50 opposed TO the inter-
ests Of our people, our institutions and
our principles; so un-American that 1t
was left by the president at the door
of congress, unsigned, unnamed, without
a father d p 'bic founding forever. 1t
it possible to give Iowa a, solid Republic
can delegation in Congress and to sweep
the country with Republican victories
CoSniZaut of its gigantic blurder:
smarting under the singing rebuke OF
1894, who wonders that the Democratic
leaders at once attempted TO conceal
their free trade sacrifice by turning their
tom toms upon the currency question.
Now that prospective Republican leg
islation has restored business confidence;
that now the fires in our furnaces are
being rekindled; now that the wages of
labor are again being advanced TO the
American standard, let US see to it that
the Democratic party does not name
both the battle ground and the weapons.
Tariff an Issue.
Let US demand that the tariff question
be one of the issues.
Let us force the fight I'D to a finish.
You have met tonight to nominate the
next governor of the state You have
another and 10 my mind, a very i'm
portant duty, 10 declare and announce
the principles and policy OF the Repub
lean party in the state of Iowa
This is not only important as affecting
the coming state election, but in shap-
ing the influence and position of Iowa
in the national convention of 1896.
If wisdom prevails here today, we have
a good prospect that the next president
of the United States will be from Iowa.
The Republican party has been and is
I.oW in favor of a sound national cur
1ency-a currency always redeemable in
coin. Whatever the form of our money,
have equal purchasing power Gold and
silver have always been and viii continue
10 be the money Of the world. they are
rot the creature of legislation These
metals are the natural money Of the
world because OF their divisibility and
their non-destruCtahlity. The value or
price of the metals, gold and silver, is
and must of necessity be determined and
measured by the same rule applied to all
other commodities. That IS by The guam
THY produced and the demand for its use.
BY this rule gold IS the more precious
and silver the less valuable. We recOg-
nize this difference in value in the coin
age of silver and gold into money at a
fair ratio. That ratio thus fixed may be-
come charged and seriously disturbed by
an abnormal increase in 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.
4 DOdger.
Silver being necessary in the money
OF the world, we must either retain its
coinage at par by legislative limitation of
the amount or change the coinage ratio
10 the basis OF its market value.
Under she policy of legislative iimita-
ton of the amount, aided by redemption, |
when in excess of the demand we have |
been able TO maintain at par our silver
coin, although its intrinsic value IS much !
less.
the price OF silver continued high. but I
when It became reduced on account of !
over-production ana other causes there |
sprung up a demand by the producers of /
silver for special silver legislation.
This claim is now cryStallized into a |
demand for the free and unlimited coin |
age of silver and sold at the ratio of Is
This means to give TO every man, TO
every nation, the right TO deposit at the I
minfs Of the United States silver in I'M
limited quantity and to demand and re- !
ceive in return, free of charge or cost, |
that silver coined into money at the ratio I
of rs to ! bearing the stamp OF our gov
eminent.
Cries Aloud for Europe.
In my Judgment such a policy will es-
tablish America TO be the dumping /
erolind of silver of the world. That |
means we would be brought at once to a I
silver basis. It means the degradation 1
Of our dollars TO SO cents. 1t means re-
Dudiation. 1t will bring an avalanche C< |
silver. but a rest for labor. The Repub- |
licans of Iowa oppose this. In the state /
Of Iowa, If we owe debt, we expect to |
nav IL il money worth par, worth 100 |
cents on the dollar; in money of equal /
of the world. If anyone owes us we de- /
Inand and expect payment in money IF |
equal value This is a vital question to /
All classes. The farmer the laborer, mer- |
chant, manufacturer, all classes, have an
interest in the maintenance of gold cur
The dollar they receive for their pro-
ducts and labor should nave the highest /
power and be as good as the /
best dolls- IN the world. Upon a. sou-.d /
currency depends to a large extent the (
development, the prosperity the success |
and the maintenance Of our people.
The Apparent Craze.