The Denison review. [volume] (Denison, Iowa) 1867-current, 1898-10-18

II this can be done to the minutest frac-
ton then a ratio of equivalence is es-
tablished and given number of ounces
of the cheaper metal IS equal to one
ounce of the dearer. If this cannot be
established then the standard in any
country must be of one metal only and
must be of gold or silver as the case
may be, and can not be of both; and if
in any country both metals are by law
authorized to be coined for private par
ties without limit at any given ratio,
then the standard will be that metal,
which is the cheapest in the worlds
market at such ratio, that is, if the IA
ito was fixed at so to L. gold would be
the cheapest; if at 16 to silver would
be the cheapest, taking the present bull
lion value of the two metals. Mexico
is an illustration of this. Both metals
can be freely carried to- the mints at
the ratio of sixteen ounces of the one to
one ounce Of the other and coined on
the same terms, yet no gold is taken to
the mint and coined, because it is more
valuable in the market at that ratio
than it is at the mint, and silver being
the cheaper metal is coined under the
\ coinage laws of the country, and the
coins are of no greater value than the
cullion from which they are coined
He cited the fact that Alexander
Hamilton and Thomas Jefferson spent
many months in ascertaining to a frac-
tion of a thousandth part the ratio of
the market value of the two metals as
bullion when they recommended to
congress the adoption of the two met
ais as coin.
In continuing, the Senator said:
1.-The ratio of equivalence between
our present standard of gold and silver
is thirty three ounces of silver to one
of gold, but silver fuctuates so widely
and so rapidly in the markets that it is
impossible to establish any ratio that
will not huctuate from day to day,
whilst the essential element of money
standard is that it shall be substantial
ly permanent Honesty requires that
if we are to use silver and gold togeth-
er as our standard that we should rate
them as thirty three ounces of silver to
one of gold in our coinage, if coinage is
to be Free This now seems impossible
with the constant and wide variations
in the market value of silver"
4 Next the speaker reviewed the history
of the production of the precious metal
from the year 149s up to the present
time as follows:
1893 and 1900 NO7 years. $ 100000
1900 and 1900 600 years.. 2l,00O,C00
100 and 1900 200 years. ............. 35,0OO,000
1900 aud 1870 80 years. ...... ..... 40,0OO,0O0
1850 and 1870 20 years. ............. 1s5,0O00O0
1870 and 1875 5years) ............. 196,COO, 600
1876 and 1880 years. .............. 100000 600
1880 to 1885 5years) =. ........... 217,OO0OsO
For the year 1885,. 226,OOOOOo
For the year 1897 :. OBSERVATION-DISCLOSURES. 229,OO0 QUO
For the year 1883 .................... 25O'O0oOOO
For the year 1889 ................... 2's,VOOVOu
For the,year 1890 ............... $4,000 900
| For the year 1891 Observation-Disclosures 10000 900
For the YEAR 1892 ............... 344u00, 600
For the year 1888 MISUNDERSTANDING. 363,OuOOoU
For the wear 1894 .... 1906 900. .0OO
For the year 1895 ......-...... 4l7NOO,OUo
The senator said that last year the
3 gold production was $237, 600, 600, and
, this year it will reach 26O,060O00.
In concluding Mr. Allison spoke Of
Q the war with Spain calling attention te
the grand administration of president
/, MoK;,1o,, Tho oool hoododpocs dis
. played, saying that he did everything
r in his power to bring relief to th'
J. soldier boys, and it did not seem posi-
It BILE that the American people woult
n refuse to endorse this administration
d If you vote the republican ticket it is
h vote to sustain what has been accom-
IS plished, if you vote the democratic 0
10 fusion ticket it is to tear down all tina
,e has been accomplished.
r. Here the senator took occasion t
e. speak of our representative in congress
e. Hon. j. p. Dolliver, saying he was on
n of the brainest and most brilliant me
er of today.
ID At the conclusion of Mr.. Allison
III speech storm of applause broke fort
d. which caused the hall to tremble aftt
~ | which three cheers were given til
ny senator
he If the weather had been at all favo
of able the hall would not have held on
th half the people. AS it was all are grea
to ly pleased at the reception given O,
of own Senator Allison.
la seuana, Mo-, oct. l7.-snow begs
:. ~ falling during the in,rning, and
'n' noon regular blizzard was ragin
an 1t rained all night long. but turn
sss colder during the morning. Many tt
ed egraph and telephone wires are dow
W A Fast Boat.
NJ Portland, Ore, Oct. 17.-In its pl