The Black range., 1896-05-22

silver in the 51st congress as well
as the gold-bug speech made by Nc
8inley at Ottumwa, Iowa, in 1891,
extracts from which we give as fol-
lows:
"There are two great questions here, as
there was two great questions in the state of
Ohio. ! have seen your platforms; / have
read them to day. find that the democratic
party Of Iowa declare for the free and
and unlimited coinage of the worlds silver
and also declares in favor of free trade.
find that the republican platform of Iowa,
like the republican platform of Ohio, enters
its protest against anything of the kind. and
is in favor Of an honest dollar worth 100
cents not only to-day, but every day and
every week of the year; not only worth 100
in the United States, but worth 100 cents in
every mart and market place in the world
TO know now whether we want free
aud unlimited coinage of silver. we must
know what free and unlimited coinage
means. We must know something of the
Legislation tor the last twelve years, as well
as to understand the legislation of July,
1890 For twelve years from 1878 to 1890 we
operated under what was known as the Al
lison act, which bears the name of your dis.
tinguished senator. 1t was passed in 1873. It
requires the government of the United
States to purchase and coin not less than g..
100000 nor more than 100000 of silver dol.
lars per month. The government goes into
the market and buys the silver ut its market
value, just as it would buy corn or wheat or
wool, takes it into the mints, and under our
coinage law, there are 4l2h grains, troy
weight, which constitute the silver dollar.
Buying the silver thus in the markets of the
world, no matter at what price, it coins
4RH grains of it into silver dollar, and
makes this silver dollar legal tender in all
the business transactions of the country.
4l2h grains of silver are contained in that
silver dollar which hold in my hand. The
average price of these 4l2h grains to the
government in the last twelve years has been
79cents, coined into dollar, and passed it
among its own people as worth 100 cents.
value of the silver contained in this coin and
the face value of the silver dollar has gone
to the credit OF the treasury and for the
benefit of the people. Now give us
free and unlimited coinage of silver and
every producer and owner of 412h grains OF
silver, which is worth but rs cents o.day,
can take it to the mints of the United States,
have it coined at the expense of the govern
ment and the people, and get dollar
which, by the fiat of the government must
pass among our people for 100 cents. With
free and unlimited coinage of silver the
profits go to the mine owner, the silver
kings of this country and the world, instead
of going to the people of the United States
The silver producer is invited by the govern
ment of the United states, under free and
unlimited coinage, to bring 76 cents Of silver
to the mints of the United States. putt into
the government hopperand the government
grinds it out at its own expense and gives to
him that which passes for dollar. You just
put 76 cents in the slot and get a dollar on
the spot. Free and unlimited coin
age of silver means less money instead of
mora money. You make Il silver dollar that
is worth but rs cents intrinsically, unlimited
in its coinage, and you drive every form of
money that is worth 100 cents out of circula
ton. For tell you that Il 100 cent dollar
won't associate with an 30 cent dollar. '
/. More than that, the 346,OOO,O0O of green
backs which are now in circulation to-day,
will go to the treasury of the United States
for redemption, and if the republican party
is in power these treasury notes will be re-
deemed in the best money in the world, and
then that 346,OOO,OOO will join the other
800, 900 900 and go out of the avenues of trade
and the arteries of business within the Unit
ed States So that instead OF having more
money we will have less money, and will
be doing br mess with that which, under
present condis.ons, is confessedly the poorest
money in the world. ~ AM OPPOSED
10 FRRE AND UNLIMITED COINAGE for an
other reason When the war closed we had
two great debts, one to the money creditors
of the governm MT, commonly known as the
bondholders. ant lie other to the soldiers
of the republic, >"