The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1896-09-12
ALLISON HEARD.
The Iowa Leader Talks 70 mn
sands at Des MoinesL 0O'
Expresses His Satisfaction -,
situation from Party s,. the
point Explains tho Necsss,s-
OF Honest Money.

The iowa republican comro,
opened at Des Moines, rhursJas was
TENDER :, by Senate llison, who sn Up
principally on the abjec; of the p "'
rency. The following contains :. sar'
CT his speech: vac gst
THE Importance OF the ,s.,
nyur l neeu not measure: the interos, .ne
take IN them Is shown on every ham, 81 81, You
are o.ner questions of Importance, I'M, " ere
most pressing Is the money ouestt,. ou' me
republican party believes thar ,,.,n Inc
questlon we have reached a crisis T., ,ns
national lie; that there Is not a sin,,,a - our
woman or child in the vast co,lntr,, h,i man,
De directly affected by the yotes sa Ss' VIII
Kinley. 0' Ha) Ne
Having delegated TO congress the po~..
TO coin money and regulate lis yaSipr o"t
TO nix the value at which foreipu 60 go cd
De received, II is the duty of congras"y
give 10 the people good money"
Discusses subject of Coln.ge
The speaker then took up Gle sinh
ject of coinage. giving history o. =.
growth ami the ratio of equivalence h.
tween gold and silver from l7o3 ~ ,o-,
showing the changes in the ro.;o onS
the countries which have used . Nd ans
silver since 1903. He referred to The coin
age acts of the United States and 70.
eign countries between lsOOa $50 a.,
stated that during most of thai ,orios
most of the countries of Eurona Wa,
using both gold and silver and tbo, q.
that reason and on account of limited
production of silver France was All.
Tor many years to maintain the ,a,,tivo
values of gold and silver AZ the ratioo :,
fifteen and half to one.
This II did because OF the oss,s,oro.,
all the other countries OF EuroDe excav.
Great Britain. The act OF Gernanr =
lS7l, followed quickly by France. the Is,i,
union states. Holland and the ScanG'
naVian states. was responsible for Inc
beginning Of the diminishing value !,
silver as compared with gold rather ,Ass
the action OF the United States in lS7S
The production of the precious rneta,so,
the world shows that there il not a dirninp.
tion OF the metallic money OF the world IN,
that from 1873 up 10 the present time tbsrs
mas been large increase in its volume
Hence the fall of prices must be attrihn,s5
70 other causes than to diminution oftb.
metallic money The fall in silver as com.
pared with gold was not caused nv
diminution in Ats use. but by the wide
separation as TO the uses of silver hyt Ss
COrnrneFCla4 nations of the world
Could Not Restore Value
This divergence began in 1873 and CON
tinues TO the present time The United
states. with foreign commerce only about
one-seventh OF that Of the total rold.gsrg
countries OF the world. would find Il limos.
sible under these circumstances - at,cru
alone TO restore in any degree the relative
value of silver.
The popocrats charge thar hy rSaso1s
the 'prirnp gunirGY =ilp . a.. ..g,.
farm products have declined statis,s
compiled by J.. g, Powers, OF Ainaeslu
show the price OF the staple farm trod1ls
I'm ten OF the chief agricultural states, OA@
Indiana, Michigan. Illinois, Missouri IJvL
Wisconsin, Minnesota and the TWO u.
kotas. These states raise about seys.
thirtcenths Of all the corn in tho ayeag
States. Statistics show that the ayggs
prices per bushcl for corn at the TGa
where grown IN these ten state were
1874 to lSSl, 3v.S cents per DIshel
1881 to 1897. 3j,2 cents per bushel
1855 10 1894. az cents per bushoL
THE statistician also took two central
states OF the group, Iowa and Illinois,
showing that the average price Of corn per
bushel in these states was IN lsH 10 ~,
81 cents: 1881 TO 1887. 3l5 cents. ISIS 70 1871.
2S.S cents.
The same was true Of other products.
showing that in 1892 prices were relatively
as high as from 1879 TO 1870,
THE statistics gathered by George F.
Roberts. Of Iowa, In regard TO The average
local price OF farm products In THIS state
show practically the same results
Gives Telling Figures
THE popocrats compare the price paid
for wheat in London and st. PAU prior 70
1873 with that in 1899. and charge the ialIm
prices TO the silver legislation. when II sg'
pears, upon investigation, that there Is an
other question that should be consluefel-
the cost of transportation. In ~ II cos
81 10 TO transport a bushel of wheat lFVm
St Paul TO London. while in 1872 II COST ohE
IS cents The pooocrats say that Inc TAM
Inc price is owing TO the domination oil NE
tallic money.
Gives Popocr.ts the Lie
1.-THE popocrats say" said Mr.. Ains Misc
great crime was committed IN H'o c ssa
therefore the period from then uhtl ~;
was 20 years OF restitution ~ years =.
stagnation. The census shows INA, Wv
wealth of the United States Increases ~, i'V ~
$50. Oc0, 100000 in 1870 TO $500 WV" ~, y.
1850 and s65. 600. 00O.0 in 1850 inc ~.s"n
of Iowa increased from SSl, yvovO N ', ,Ss
s. 72l O0o, 900 in 1880 and S2,2>iCV1V" u ~
The per capita wealth OF the United saw
and OF the ten middle western states 81.
OF Iowa was in the year indicated as 'O'