The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-09-12
ALLISON HEARD.
The Iowa Leader Talks to 1<>,u-
sands at Des Moines
Expresses His Satisfaction With shs
Situation from Party stand
point Explains the Necessity
of Honest Money.

OF Honest MONEY
The iowa republican campaign was
opened at Des Moines, Thursday. Sep
TENDER ?. by Senator Allis On, who spoke
principally on the subject OF the cur
rency. The following contains the gist
CT his speech:
1.-THE Importance OF the issues OF the
hour / need not measure; the interest you
take In them is shown on every hand. There
are other questions OF importance, but the
most pressing is the money question. The
republican party believes that upon this
question We have reached crisis In our
national life: that there is not a single man.
woman or child In the vast country but will
be directly affected by the votes cast next
November for Mr.. Bryan or for Nal Nc
Kinley.
Having delegated TO congress the power
20 coin money and regulate its value aid
20 fix the value at which foreign coins may
be received. Il IL the duty OF congress to
give 10 the people good money"
Discusses subject OF Coinage. !
The speaker then took up tie sub
ject of coinage, giving history OF it's
growth AMI the ratio OF equivalence he
tween gold and silver from 1893 to 1879.
showing the changes in the ratio and
the countries which have used gold and
silver since 1903. He referred 10 the coin
nge acts OF the United States and for
eign countries between 1900 and 1872 aud
stated that during most Of that period
most of the countries of Europe were
using both gold and silver and that for
that reason and on account OF limited
production of silver France was able
for many years TO maintain the relative
values OF gold and silver at the ratio OF
fifteen and a half to one.
This It did because OF the assistance OF
nil the other countries OF Europe except
Great Britain. The act OF Germany In
1871. followed quickly by France. the Latin
union states, Holland and the Scandi-
navian states, was responsible for the
beginning OF the diminishing value OF
silver as compared with gold rather than
abe action OF the United States In 1873
Tho production OF the precious metals OF
the world shows that there is not a diminu-
tion OF the metallic money OF the world. but
that from 1873 up 20 the present time there
has been n large increase In it's volume
Hence the fall or prices must be attributed
TO other causes than TO a diminution OF the
metallic money. The fall In silver as COM
pared with gold was not caused by
a diminution in its use, but by the wide
separation as 10 the uses OF silver By the
commercial nations OF the world.
~ Could Not Restore Value.
This divergence began I'm 1873 and con-
States, with foreign commerce only about
onc-seventh OF that OF the total gold-using
countries OF the world. would find II impos-
sble under these circumstances 20 attempt
alone TO restore In any degree the relative
value OF silver
"The popocrats charge that by reason OF
the crime against silver the prices OF
farm products have declined Statistics
compiled by l.. q. Powers. OF Minnesota,
show the price OF the staple farm products
IN ten OF the chief agricultural states. Ohio,
Indiana, Michigan, Illinois, Missouri, Iowa.
Wisconsin, Minnesota and the two pa
kotas. These states raise about seven
thirtcenths OF all the corn In the average
States. Statistics show that the average
prices per bushcl for corn at the place
where grown IN these ten state were;
1874 to lSS0. 1913 cents per bushel.
1881 70 1887. 1852 cents per bushel.
1883 TO 1884, 1923 cents per bushel.
'"rhe 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 1874 TO 1880.
H.7 cents; 1881 TO 1857, 1913 cents; 1883 20 1891
2S.S cents.
'The sam, was true OF other products,
showing that I'm 1892 prices were relatively
"a high as from 1879 to 1850.
"rho statistics gathered by George +.
Roberts, OF Iowa, IN regard 90 the average
local price OF farm products In this state
show practically the same results.
Givss Telling Figures.
THE popocrats compare the price paid
for wheat IA London and ~. Paul prior TO
1873 with that I'm 1892, and charge the fall In
prices TO the silver legislation, when II APP
pears, upon investigation. that there is an
other question that should be considered
the cost OF transportation. In 1873 IL cost
si10 TO transport a bushel Of wheat from
ST Paul TO London. while IN 1922 II cost only
8s cents. The popocrats say that the fam
ine price Is owing TO the domination OF me-
tallic money"
Gives Popocrats the Lie.
''The popocrats say" said Mr. Allison. "a
great crime was committed In 1870 ana
therefore the period from then until Io.a
was 20 years OF restitution, 20 years or
stagnntion. The census shows that the
wealth OF the United States increased from
$50. coo, 0O0, 900 I'm 1870 20 $4,000 100000 I'm
1850 and sS5, 900. 100000 in 1890. The wealth
OF Iswa increased from 1871 600 I'm 1870 TO
A. 72i GOO 900 IN 1850 and S2,2S7, 100000 In lbsO
The per capita wealth OF the United States
and OF the ten middle western states and
OF Iowa was In the year Indicated as fol-