The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-10-30

that high position. (Applause.) 1t now gives
me great pleasure to present Hon. William
B. Allison, of Iowa.
Mr. Allison was received with loud
applause, and spoke as follows
Mr.. Chairman, Ladies and Gentlemen: /
thank you for the cordiality Of this greeting
1t Is pleasure to me to meet the citizens
OF Minnesota on any occasion, but especially
so to have the pleasure of meeting many
of you on this inclement night, and upon the
occasion of the closing hours of an important
canvass. come to you from neighboring
state. and bring to you cordial greeting and
glad tidings as respects the situation in Iowa.
Applause and cries Of ;Good.') You may
rely upon 1t that the farmers, the laboring
men and the business men of Iowa will on
next Tuesday, give majority to Mckinley
and Hobart of not less than fifty thousand
votes tapplause) and ! hope | may be able
to return these glad tidings to Iowa as re-
spects the great state of Minnesota, our
neighbor (Applause) 1t will not be expect
ed OF me tonight to review at any great
length the issues involved In the campaign
They have been discussed here, as they have
elsewhere, over and over again. 1t has been
said, and truthfully said, that this is cam
paign of education. II it is, surely those who
have attended these public addresses and
public gatherings have had an opportunity
at least of knowing the views Of the differ
ent parties to this contest. In the short time
allotted to me | will briefly review. as we'll
as l can, what I consider to be the pressing
questions Of the hour. Four years ago just
now we were engaged in the
CONFLICT FOR SUPREMACY
in the administration Of affairs in our gov
ernment and for supremacy in the two
houses of congress. The interests then in
volved were supposed to be material inter-
ests. as they are largely so now. At that
time the people Of the United States were en-
joying degree Of prosperity unknown in
our history before. There was in every part
of our country a condition of prosperity so
that she or he who desired to labor had an
opportunity of finding work, and at remuner-
attve wages. The farmer in the field was
able to show remunerative prices for his
crops. The business man and the man Of
affairs found ample opportunity in making
the great exchanges that are incident to a
condition of prosperity. Our great transporta-
tons lines were occupied In transporting the
products of our country from the places of
production to the places of consumption. Our
people, although prosperous, were not con-
tented. They thought 1T wiser and better
that that great political party which had con-
trolled the public policies of our country for
third of a century should be overthrown
in order that new plans and new policies
might be tested. and majority of the
American people were beguiled into the be-
lief that the promises made then would be
kept, or at least their condition would be i'm
proved. They were told that If the Repub-
lican party was overthrown the laborer
would receive larger remuneration for his
toll; the farmer a larger price for his prod
ucts, and instead Of the narrow markets, as
they called them then the markets of the
world would be opened to the agriculturists
of this, great Northwestern region of ours.
They were successful. They united then all
against the Republican party. The result
was divided counsels, divided interests and
divided projects, and the result was finally
that they could agree upon only one thing
and that was what they called reform Of
the tariff, a tariff for revenue only, dis
turbing the interests Of our country from one
end to the other. l heard an old story Of a
monument said to be erected in Italy upon
which inscribed: "I was well; wanted
to be better; took medicine, and here l lie.,'
applause and laughter.) That is our condi-
tion now. and I mean no reflection as re-
spects the medical profession. | do not
know as there is any special moral in this
inscription but if there Is, it should teach
us when we are well not to employ phys1-
clan, and when we are sick, as we seem to
be now that we should not employ boy
doctor, who neither understands the disease,
nor can prescribe suitable remedy. Ap-
plause.)
The remedy prescribed or proposed is the
free and unlimited coinage Of silver at the
ratio of sixteen ounces of silver to one ounce
of. gold The pretense for this remedy is
that we haven't money enough to carry on
our great affairs in this country, and that by
adopting this free coinage We will secure
a larger amount Of money. Another. pretext
is that the constitution of the United States
requires us to coin money, silver and gold,
free and unlimited at the ratio of is to l..
Another pretense Is that long time ago,
hardly within the memory of the younger
voters Of our country, We dropped silver out
of our coinage and committed great crime
which crime must now be redressed and which
has practically only been discovered in 1885,
The gravaman Of this crime and by the. act
of 1893, which was an act to drop the silver
dollar out of our coinage, one-half of the
money OF the world was destroyed and the
other half was appreciated one hundred per
cent thereby diminishing all prices, and ad-
vancing the value of all those who have
money or who have had security and that
this crime of 1878 disturbed the relation be-
tween the debtor and the creditor class, If
such classes there be. and that the only way
TO correct the evils thus created Is to coin
silver without reserve, without cost to the
bullion owners, at the ratio of sixteen ounces
OF silver to one ounce Of gold, although the
thirty y-one ounces Of silver to an ounce of
gold. Now, I need not tell you at the close
OF this campaign that to all this the Repub-
Ecan party and a large part of the Demo
cratic party stands unalterably opposed (Ap-
plause.l We are opposed to it because it will
result In great injustice and wrong to every
class or our people, and 1t will benefit no class
ana no individual. 1t stands upon the slender
foundation Of
FALSEHOOD AND UNTRUTH.
There does not exist a single fact unon
which this whole superstructue Of the free
coinage of silver rests. 1t is said that we
nave diminished one-half Of the money Of the
world. How have we diminished it? What
Is the money Of the world, and why is 1t
that those who oppose us talk about the
money OF the world meaning metallic money
spects money we should have an independent
position and that should deal with this
great question without regard to the in
ox oereses dsu OF the commerce of the world, upon
our own account and in our own way. The
money OF the world consisted in 1873 of gold
and silver in about equal quantities the
gold measuring larger in quantity and in
value than the silver, there being in cir
culation about So, ,000, 600, 900 of gold and 81 :
700 600 Of silver at the highest estimate
made by any Of the friends of silver then or
hat fhn fnII
was So, 700, 000 Tell me how much of that
metallic money has been destroyed? And
| am not going to read much to you on it my
friends. ! want to call your attention tn
one or two things. How much of that metal.
lie money was destroyed either by the act
OF 1873 or by. the act of any other government
on the face OF the earth-the latter quotation
from Mr.. Bryan? How much of 1t was des-
troyed? Germany undertook to change her
coinage laws in 1871; she changed her stand
ard from silver to gold. and then used or
caused to be used. s400, ,000,0 900 of gold and
dispensed with the use of all the amount of
silver. Where did it go to? One hundred
millions of 1t Is still in circulation, full legal
tender. TWO hundred millions of it was
remelted into coin and fractional silver; the
remainder was sold in the markets of the
world or exchanged for gold and went into
coinage Immediately. So | affirm without
fear of successful contradiction that there
was not a single dollar or sou markee or
a five franc piece that was in circulation in
1873 that is not in circulation now. ZAP
plauSe.) Therefore the money of the world
has not been diminished by melting of the
coins. or by the obstruction of the coins of
the world. Not only that. but since 1873
we have taken out from the mines of the
world more gold and more silver than was
ever taken out of the mines of the world
in similar period in any stage of its his
tory; We have taken from the mines of the
world since 1873 nearly three billions of
silver in value at the ratio of is to /. Where
has it gone to? Where is it now?
Is it being stored away awaiting the election
of Mr.. Bryan? It is estimated that there is