The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1896-08-06
NONE ARE BETTER
Wisconsin Republicans Sound
on Money, the Tariff and
Mckinley,
According to the Statements of
Mr.. Lamoreaux, Temporary
Chairman.
An Interesting Fight in Mich
igan Over the GubelnatOrial
Nomination.

MILWAUKEE, Aug. 6.-What promises
to be the most exciting and interesting
political convention ever held in the
Exposition building by Chairman E. D.
Coe of the Republican state central
committee. The weather is insufferably
hot, but when the gavel fell the big
auditorium was packed to the doors.
Chairman Coe Immediately introduced
@. A. Lamoreaux of Ashland, who had
been chosen temporary chairman of the
convention. Mr.. Lamoreaux was greet
ed with cheers and addressed the com
ventiOn.
Sound ON Everything.
Mr.. Lamoreaux claimed for the Re-
publicaps of the Badger state the credit
Of having first advocated the nomina-
ton of Mckinley. He said no better or
truer Republicans are to be found than
those who make up the party in Wis
consin, for they are sound on the money
question, sound on the tariff, and sound
for William Mckinley.
He charges the Democratic party with
having brought about the present period
Of industrial distress by its mistaken
policy Of free trade. The free silverites
have seized the opportunity to shout for
free silver and to lay the blame for all
this stagnation to lack Of free coinage
of silver and scarcity Of money. The
moment that any uncertainty arises as
to possible change in the monetary
system Of country the volume of bust
ness diminished; credit Is only extend
ed upon the best of security confidence
is destroyed; money is boarded and
general depression follows. It is this
contraction Of confidence, Of credit,
which causes the tight money markets
and panics, not the lack Of money.
Ninety-two per cent Of the trade Of
this country is transacted upon credit.
instruments of one kind and another
actual money is used in only per cent.
This constant agitation of the free gil.
yer question has undoubtedly
| Added to the General Alarm
Of the people, and it has resulted in the
contraction of credit. But this con.
dition Of affairs has only been made
possible by reason of the tearing down
of the protective tariff and reciprocity
system established by the Republican
party. The present demand for the
free coinage of silver is but anothe,
cheap money scheme Of which the
world has seen many, all of which have
ended as would this, in disaster an6
ruin. The experience Of ages ha.
demonstrated beyond doubt that golt
is the best of all metals for money
standard. It is less liable to fuctuat,
in value. 1t is found in quantities
sufficient to satisfy the demand. /
will last forever. Nothing is lost il
the process Of reducing and dividing
and in short it is the one metal which
seems to exactly meet all requirements
Nearly every metal has at some time il
the worlds history been used as none,
standard, but nearly all have beer
found lacking in some importan
requisite and have given way to gold.
Ready to Meet the Crisis.
Coming as I do from an iron-pro
ducing section Of the country" contin
ued Mr.. Lamoreaux, II have no doub
that our people would favor the fire.
and unlimited coinage of iron at som
arbitrary ratio, and there would b
about as much reason in such a deman,
as there is in the demand Of the fre
silverite for the free coinage Of silver a
q 16 to ratio. The Republican part,
is ready to meet this crisis with th
fortitude and patriotism which has eve
characterized its action in the past. =
The forecast OF the nomination 10
governor il plainly between the leader
Of the race. Major scho6eld and Robsz