The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-10-23
ALLISON AIDS.
The Iowa Senator Helps In Han
mas Canvass.
Public Issues Ably Discussed-liry-
ans FaIIncics Held Up 60 View
Facts About silver
Laws.

Facts About silver
Laws.
The first large meeting of the Ohio
republicans was held al Cleveland Satur-
day evening, October l6, 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:
AtIISon's Tribute to Hanna.
ct am glad 10 speak at the home OF your
Junior senator. who bears so distinguished
a part I'm the great affairs OF our country.
We have all seen his great ability, his great
organizing power. over a wide field OF en-
dcavor. I have seen him during the last
| important session Of congress and learned
OF his ability, hts usefulness. his sound
/ Judgment, and his strength IN the senate
and can truthfully say that the Importance
/ OF his return 10 the senate cannot be over
4 estimated as respects the value OF his con-
tinued service 20 his state and the nation.
"The republican party was not response
I Bile for the disasters and distress that came
\ 20 the country I'm 1893, They had predicted
/ that serious distresses would follow the
i sudden and radical change proposed In our
\ tariff 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 ~
! its organization and influence into the
\ scheme Of rpvolutioni2inE our money sys-
1 tenn, thus adding 20 existing troubles an
4 !mmeasurablc factor Of injustice and wrong
4 70 every industry and every occupation.
i From this time forward no Improvement
was possible until this question was set
4 tied by the election o. 1896,
"rhc republican party had faith IN the
i integrity and intelligence az the American
| people. and that when these questions were
/ fully debated they would be rightly settleu,
\ that the people would see that the plans
/ prop0sed al Chicago would only intensity
\ The distress and not alleviate or remove
IL, but capital and credit in the meantime
/ stood silent awaiting the event
McI<inIey's Nomination.
"Thc republican party. in !ts representa-
tive capacity, met az 81 Louis ana placea
. IA nomination Mai. Mckinley, true ana
tried leader on n platform fovorng pro-
lection and sound money, and the mainte-
/ nance Of tho existing standard or money
| promising with the concurrence az other
/ leading commercial nations 90 use SILVER s
/ International money az a ratio that wouii
enable silver and gold 90 circulate side py
/ side I'm International exchange, and that
suitable effort should be made 10 secure
/ such use.
"Thon followed four months Of active de-
bate and Mckinley won ana bryan loat lle
battle The alliance carried most on the
/ south and states west Of the Missouri river
( except California. All the great states east
and north OF the Missouri river, ana Ken
| lucky West Virginia. Maryland and Deia-
ware Joined the republican column Tor the
first time at a national election.
Mckinley carried with him large ma
iority OF the house. and the party was great
~ strengthened I'm the senate. The cam
paipn was bitterly fought. and won under
the splendid leadership OF Mai Mckinley,
sustained by the strength OF ms cause hhu
the good sense Of the American people
DryRn'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 or lSsZ
and sought 70 fix the responsibility Tor the
hard times upon the republican party by
what they sometimes called the blundcr and
sometimes the crime OF 1878, whereby the
silver dollar was dropped from our coinage
and they said, stealthlly, II not fraudulehtly
and the gold dollar made the unit or Valu'
and gold the money standard; that the Ell
feet OF this had been TO destroy half the
money Of the world, and double the value
OF the remaining half, thus producing con
tinuously falling prices and lnluring aebt
ors These charges were made, though th'
record plninly shows that the subject OF
dropping the silver dollar IN connection
with the revision OF our mint laws had
been debated for nearly three years be
fore 1873, that opinions OF experts had beer
invoked upon the subject and various plans
and projects respecting sllVer sussest,u
| ali OF which involved the dropping on tht
silver dollar from coinage, because by th'
act OF 1924 the silver dollar had become az
obsolete coin because " was undervalued
and had long ceased 20 circulate ana wa
exported as bullion or went Into the melt
ing pot OF the artisan. IL was wen knowl
that IN 1873 we were wholly ON paper
basis, and so continued until 1879. that ht
Z silver dollars were then I'm circulation. ane
therefore our action could have no prac
tical effect upon the silver in existence
or currently produced from the mines; W.
had no silver TO sell. and none had beer
taken 10 the mint for coinage, or practically
none, since 1850. except for subsidiary sll
yer coins.
nInnd-AIIIson silver Act.
'eThc whole subject was again debated "
1878, when the Band-Allison law wa
passed. including the question q free an'
unlimited coinage OF silver. This debat
was after silver had parted from gold u
the markets OF the world and was every
where az a discount Every democrat Note'
FOR the passage 81 tho law OF 1878. whlci
| nrnyided for limited coinage on government
into the treasury, thus reaiiirming but 70
wholly different reason the action Of l6a
by refusing 10 restore free silver coinag
and providing FOR limited coinage. Aftc
this specie resumption. In 1873, the goh
standard was made imperative
"It was then. as now, historical rae
that the decline Of silver came abou
through the action Of Germany, the Latii
union the Scandinavian states ana llol
land. and not by the act OF 1873, all Of thcs
states having closed their minis 10 ire
silver when we were on n paper basis, ant
when we had little or no silver circulation
20 AFFECT the price. and before tho act o
1878 when that act was passed silver wa
only about nine per cent. below par, but
was believed that with that divergence
would be impossible 60 open our mints q
free coiuare Of silver without It's resultinl
I'm the silver standard, and that We mus
secure the concurrence OF Europe, whicl
had by closing IS mints. caused the dc
cline Of silver bullion. IN order 20 reatOr