The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-06-27

Says the Republican Party Has Declared
No New Money Plank.

lation TO the making OF the platform at
ST. Louis and his relations with Senator
Teller four years ago in a similar ca
pacity, his utterance on the subject OF
gold and silver in his ratification speech
Mt Cincinnati on June 81 becomes OF
peculiar interest. He said:
II want 10 take advantage OF this OPP
portunIty TO say a word about the effort
now being made 10 make IL appear that the
republican party declared IN It's money
plank for something new at ~. Louis.
That Ii not true. The declaration or the
republican party. as embodied In It's money
plank at St Louis defines exactly what
has been the position OF the republican
party through all these years with respect
20 the silver question. Silver was demon-
etized In 1871. and ever since then we nave
been on a single gold standard basis. About
the same time several OF the leading ma
tions OF Europe demonetized silver ana
ever since that time an effort has been
made TO get back TO the standard. We
have taken part In three International
money conferences. the object OF them
being 10 agree with other nations upon an
international ratio. according 10 which we
could have the free coinage OF silver. But
all these efforts have failed.
1T has been constantly and repeatedly
declared by both parties that bimetallism
was desirable I'm preference 10 gold and
silver monometallIsm. Both parties have
agreed that we could maintain the parity
OF the two metals and bring about blmet-
allism again by an international agree
ment Some have Insisted. In the mean
while. that II we could not do II that way
we could do II alone. without regard TO
what other nations might see MT 10 do.
The republican party has constantly con-
sistently and persistently stood up against
that idea"
-Four years ago, when we held the con-
Ton eat aN.ftllo "A ms
to be the chairman OF the committee on
resolutions. as was at the ST. Louis con-
vention, and II was my fortune 10 be asso-
ciated In that committee with Senator
Teller He and his associates from the
silver states came to that convention and
came before that committee asking us TO
insert a plank pledging the republican
party TO the free coinage OF silver. We re-
fuses 10 do II. We declared that we were
I'm favor OF International bimetallism. but
that until that was brought about IL would
be cur policy 10 maintain silver at parity
with gold by issuing no more OF II than
could be maintained at parity with gold.
They accepted the result and remained
In the republican party. That declara-
ticn was simply the one adopted the other
day. that we would stand precisely where
we were until we could do better We were
agreed that we could safely undertake 10
have bimetallism by International agree
ment; we were unwilling and refused to
attempt II by free and Independent coin
age.
1.-THE silver men did not feel called upon
10 go out OF the party then their con-
science did not seem 10 trouble them so
much then as now. They remained in the
party four years longer. When the last
session or congress commenced. with re-
suit Of this democratic free trade expert
ment. the government was found &c have
deficient revenues, not enough reyer ues TO
meet it's current expenses. bill was pre-
pared I'm the house and passed that body
without partisan division almost providing
for an Increase OF revenue. The bill was
known as the Dingley bill IL went 10 the
senate. The national credit, the national
honor. the. national life was at stake.
These gentlemen said the bill was unob-
Jectlonable but they refused 10 vote for IL
chat IL. six OF these gentlemen from silver
states did unless the great majority. who
did not agree with them. would sacrifice
their convictions and vote for the free. I'M
limited and unrestricted coinage Of sill
yer. The great majority in the senate
would not he coerced by that minority
THAT action upon the part OF these
people directed the attention OF the coun-
try TO that subject as IL had not been d.
rected before. and, therefore, when we
met at St Louis we we're not for different
stand TO be taken by the republican party.
but for more explicit declaration OF our
principles than we had heretofore made,
and lnasmuch as they had thrown down
the gauge OF battle by demanding free sill
YER and seeking to coerce US to accept.
we concluded that was good time 10 meet
them half way. join issue and let the battle
come on. They appeared before the COM
mttee, Just as they were four years ago.
They made the same demand. we made
the same answer but when we came to
write the platform we said we would make
a so plain all would understand. and so We
declared that we were unalterably OPP
posed TO the free and unlimited coinage OF
silver until we can have an International
agreement, and In the meantime we Will
preserve the existing gold standard.
ITO conclude with n word, when Senator
Teller and his associates bolted the party
at the st. Louis convention they had no
cause for II whatever that did not exist
four years before at the Minneapolis con-
vention. and when the republican party
made the declaration IL did make at 81.
Louis II did not change It's position one
particle. but simply made II absolutely GER
tain, In order that there could be a settle
ment OF that question, that the PROPOSE
tion for free. Independent and unlimited
coinage OF silver Ii a proposition that we
Will not entertain. We viii not entertain
II because, In our judgme IL does not as
Senator Teller and his associates claim,
mean bimetallism, but simply silver mono-
metallism.
I'VE go into this fight. therefore. with
our gallant standard bearer, representing
10 the people OF America protection TO
American industries and American labor
and an absolutely sound dollar with which
to do ouT business; an absolutely sound
dollar. net simply for the banker and the
merchant, but for the wage-earner as well
When a man does a full days work ne IL
entitled 10 have full 100 cents on the dol
lar with which he Is paid, and we propose
that he shall have II. We.ppopose that the
dollar that we put into circulation. the
metallic dollar, shall be- worth 100 cents
In COLO all over the world. no matter wheth-
er II carries the eagle and superscrlptions
or NOT. Take a silver dollar and pound
II into bullion and II II worth 81 cents: take
a god dollar and pound II into bullion ard
II IL worth 100 cents all over the world
Nob'.dy Is cheated by that kind OF a dol.
lar. nobody is misled by Il; no distrust IL
excited. everybody has confidence In IL:
and when Gov Mckinley shall have been
elected prosperity Will at once come again.
bcca use that win insure a sound tarlfr rec
ipr"city and sound currency"