Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1897-10-27
ALLISON AIDS.
The Iowa Senator Helps in Han
mas Canvass.
Pubfic Issues Ably Discuss~d-Bry-
ans Faiiacics Held III to View
Facts About silver
Laws.

day evening. October &c, at which SEN
ator Allison spoke in strong terms in
behalf OF Senator Hanna for reelection.
and handled in mastery manner the
leading political questions now before
the people. Aften an enthusiastic re-
ception Senator Allison said:
AiIison's Tribute Tn Hanna.
II am glad to speak at the home OF your
junior senator. who bears so distinguished
a part in the great affairs of our country.
We have all seen his great ability. his great
organizing power. over wide field OF en-
deavor. I have seen him during the last
important session of congress and learned
or his ability. his usefulness his sound
Judgment. and his strength In the senate.
and can truthfuliy say that the importance
OF MS return TO the senate cannot be over
! estimated as respects the value OF his con-
unued service to his'state and the nation.
The republican party was not RESPONSE
BILE for the disasters and distress that came
10 the country In 1888. They had predicted
that serious distresses would follow the
sudden and radical change proposed I'm our
tartE policy. but they did not anticipate
That the democratic party could be swerved
from the policy OF sound and stable money,
and that. forgetting all its traditions. rec
ord and pledges would throw the power OF
its organization and influence into the
scheme OF notwithstanding our money sys-
TEN. thus adding TO existing troubles an
Unreasonable factor OF injustice and wrong
to every Industry and every occupation.
From this time forward no Improvement
, was possible until this question was set
tied by the election OF 1896
THE republican party had faith In the
integrity aud intelligence OF the American
people. and that when these questions were
fully debated they would be rightly settled
that the people would see that the plans
proposed at Chicago would only intensity
the distress. and not alleviate or remove
IL. but capital and credit in the meantime
stood silent awaiting the event.
MckInIcy's Nomination.
''rhe republican party. I'm its representa-
tive capacity. met at St. Louis and placed
In nomination Mai. Mckinley, "A true and
tried leader. on a platform feVorinE pro-
lection and sound money. and the mainte-
nance OF the existing standard OF money.
promising with the concurrence OF other
leading commercial nations to use silver -
international money at "a ratio that woulc
enable silver and gold to circulate side by
side in International exchange. and that
suitable effort should be made to secure
such use
''rhen followed four months OF active de-
hate and Mckinley won and Bryan LOST the
battle. The alliance carried most OF the
south and states west OF the Missouri river.
except California. All the great states east
and north OF the Missouri river. and Ken
lucky. West Virginia. Maryland and Della %
ware joined the republican column for he
nrst time at n national election.
Mckinley carried with him-a large ma
jority OF the house and the party was great
~ strengthened n the senate. The cam
paign was bitterly fought, and won under
the splendid leadership OF Mai. Mckinley.
sustained by the strength of his cause and
the good sense of the American people.
Brynn's False Arguments.
The whole campaign on the part OF
Bryan and his followers was fought on
false arguments. prctenses and promises.
They sought TO take advantage Of the dis
tress which they themselves had created by
their conduct following the election OF 1892
and sought to fix the responsibility for the
hard times upon the republican party by
what they sometimes called the b!uudcra1d
sometimes the crime OF 1873, whereby the
silver dollar was dropped from our coinage.
and they said. stealthily. IL not fraudulcntiy.
and the gold dollar made the unit OF value
and gold the money standard. that tho ef-
feet Of this had been to destroy hall the
money or the world. and double the value
of the remaining half. thus producing COM
hnuously falling prices and injuring debit
ors. These charges were made. though the
record plainly shows that the subject Of
dropping the silver dollar I'm connection
with the revision of our mint laws had
been debated for nearly three years be-
fore 1873. thar opinions OF experts had been
invoked upon the subject and various plans
and projects respecting silver suggest ted
all OF which involved the dropping OF The
silver dollar from coinage. because by the
act or 1871 the silver dollar had become an
obsolete coin because II was underValued
and had long ceased to circulate and was
exported as bullion or went into the melt
ing pot OF the artisan. IL was well known
that In 1913 we were wholly on a paper
basis, and so continued until 1879. that ro
silver dollars We're then in circulation. and
therefore our action could have no prac-
iical effect upon the silver in existence.
or currently produced from the mines we
had no silver to sell. and none had been
taken TO the mint for coinage. or pra ctically
none. since 1850. except FOR subsidiary sill
yer coins.
BInud-AIIISon silver Act
"The whole subject was again debated ,n
1878. when the Bland-AIlison law was
passed. including the question OF free and
unlimited coinage OF silver. This del tc
was after SILVER had parted from gold iu
the markets OF the world and was every
where at a discount. Every democrat voted
for the passage Of the law Of 1873. which
provided for limited coinage on government
account the profits OF the coinage to 90
into the treasury. thus reafiirming but for
wholly a different reason. the action Of 1879
by refusing 10 restore free silver coinage
and providing for limited coinage After
this specie resumption, IN 1872 the gold
standard was made imperative.
1T was then as now. a historical fact
that the decline OF silver came abotS
through the action OF Germany. the Latin
union, the Scandinavian states and Hol-
land. and not by che act OF 1873. all OF these
states having closed their minis TO free
silver when we were on a paper basis. and
when we HAD little or no silver circulation
TO AFFECT the price. and before the act Of
1873. When that act was pa ssed silver was
only about nine ptr cent. below par but u
was believed that with that divergence 10
would be impossible TO open our minis to
free coinage OF silver without its result ng
in the silver standard. and that We must
secure the concurrence OF Europe. which
had. by closing It's mints. caused the de-
cline OF silver bullion, I'm order to restore
silver TO its old place Nobody wanted the
silver standard then. but few want 10 now
and nobody then or now openly advocates
~. They urged in 1895 that BY the act OF
1873 One-half OF the money OF the world
was destroyed and the remaining hair
doubled in value by the process thus
cheapening products and thereby injuring
debtors.
The injustice Of this claim was shown
by the fact that there was in 1896 vastly
more silver in the worlds circulation than
there was I'm 1873. No nation In Europe ex-
cept Germany and the Scandinavian states.
parted with any portion OF its silver. ana
~ IL stili in circulation, a 9 before whilst
many OF the states OF Europe have added
to their silver circulation since 1873 d
Germany has at least one-third OF the sill
Yer she had in 1873 still performing the serv-
Ice Of money.
snaII silver CGreaiation
TN the United States we had then prsc-
tically no silver circulation. when now We
have more than one-seventh Of the silver
circulation Of the world. performing every
function of money except that 10 is not used