Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-09-08
Bryan and Bayless Free Silver Club.

communities and nations in the ex-
change and transfer of the various
fabrics and commodities they pro-
duce. Although the speech occupied
in its delivery nearly two hours it
was listened to attentively through
out. AT its conclusion the meeting
was adjourned to o'clock for the
purpose of organizing the Bryan and
Bayless Free Silver Coinage Club,
and to listen to addresses from P. F.
McHugh and M. H. Daley. At
o'clock the people after having been
regaled by the best airs of the Cresco
Cornet Band, filed into the Court
House hall, filling it to overfowing
with anxious people from town and
country. AT about qusrter past 8
the editor of the PLAIN DEALER as
Chairman, called the meeting
to order and introduced P.
F. McHugh, who in an address, clear.
logical and argumentaive through
out, held the undivided attention of
the vast audience for nearly one full
hour. At its conclusion the chair
announced the election of permanent
officers of the club the routine busi-
ness as in order: Whereupon W. H.
Hughes was elected secretary to COM
plete the temporary organization,
after which the permanent organic
alton was perfected by the election of
the following officers by acclamation.
President, Hon. +. ]. Lowry.
Woo prs JHon. j. H. Brown.
Hon. s. A. Converse.
Treasurer, DR.. j. A. Barrett.
Secretary, F. D. Mead.
On motion the President of the
Club was authorized to appoint and
in the future announce committees
of three each, viz:
Executive Committee.
Committee on Finance.
Committee on Membership.
Whereupon the chair appointed CON-
mitteemen as follows:
Financed. A. Lyons, A. G. Camp
bell, John E, Peck.
Memberships. D. Mead, Eugene
Mullen, WIN. Fl. Hughes.
| Executive, james j. Sobolik, o. G.
Wanless, John McCook.
Mr.. Lowry on assuming the chair
introduced NJ. H. Daley, who after
giving q synopsis of the points of his
afternoon address for the benefit of
the many who were not present at
that, proceeded to give history of
the financial legislation of the coun-
try from 1862, when the emisaries of
wall street besiesed congress aud OBJ
tained the exception clause, limiting
the legal tender quality of the treas
ury note or greenback, and thus pro-
wiling one kind of money (gold) for
the money lenders, the usurers, and
another, the greenback or treasury
note for the soldier and the common
herd. He showed that this stroke of
legislation enabled Wall street to de-
pfeclate the greenbacks as measured
in the money that would pay import
duties SO that golG commanded a
premium of $3.50 to $1.S5, giving Wall
street So SO of the soldiers and the
peoples money for LOO of the money
provided for Wall street. Then in
1870 Wall street procured the refund
ing act, after having in 1869 procured
the public credit strengtheng act,
pledging the government to the re-
deInption of the greenbacks in coin
of the standard Of the refunding act,
which enabled Wall street to ex-
change its greenbacks at par for
bonds payable in coin-gold or silver
at the option of the government.
Then, to be rid of taking silver for
Its bonds it obtained the law of 1878,
euspending the coinage of the legal
tender silver dollars, fraudulently
substituting the trade dollar, and limit
ing its legal tender to $500. Thus he
traced the Bland-Allison act, the act
of 1890, known as the Sherman act,
and the act of 1898 repeating it, noting
Tue PROMISES ulaae lof eacu VI IHe
last two for the better times and pros
perity to follow, with greater depres-
sion, us the result of the promises in
stead.
The club organized with mem
bership Of more than two hundred
several others enrolling their names
after the close of meeting The en-.
rollment and the splendid meetings
promise auspicious results. Both o.
the vice presidents have been life
long republicans. Mr.. Brown has
been in the legislature of the state
!, representing Winneshiek county il
! the house and afterward this county
Mr.. Converse has twice renreSenfe(