The Alliance-independent. (Lincoln, Nebraska) 1892-1894, November 10, 1892, Page 9, Image 9
9 o 7 THE ALLIANCE -INDEPENDENT. 9 A8LE80D IE D GIMCE Displayed by Nebraska's Two Leading Corporation Orators on the Eve of Election. IGNOEANOE OR LYING-WHIOH? Thurston Talks About Silver, and Mar quette Replies to Weaver Their -Ignorance Shown Up. Campaign Speeches Reviewed. . John M. Thurston, the silver tongued republican orator who draws an democrats had a majority in annual salary of $12,000 from the U. P. railway company, spoke in Lincoln the night before the Weaver rally. In his alleged discussion of the silver question he used the following language as re ported in the next morning's Journal: I think there is more able-bodied ignorance on the silver question , than any other. I am not sure but I might say able-bodied lying. Laughter.! L8t me epitomize the silver legisla- fought and condemned by most of tho tion. From 1792 to 1873 we had free leaders of the republican party. Every each month was $4,500,000." nereis more "able-bodied ignorance." The amount or silver required to be bought under the Sherman act of 1890 was 4, 500.000 ounces, not dollars. Then Mr. Thurston caps the climax of ignorance or demagoguery, which ever it may be, by claiming credit for the republican party for the coinage of silver during the past thirteen years. If Thurston made this claim in earnest his able-bodied ignorance ought to make him the laughing stock of Ne braska school-boys to say nothing of intelligent voters. Let us see what tho facts are: The silver bill passed in 1873 was known as the "Bland law." Bland is known to every school-boy in the land as the free coinage democratic leader. The bill was passed at a time when the both the house and senate. It was passed by a union of the democrats, , greenbackers, and a few free coinage republicans. It was sent to Hayes a republican presi dent who vetoed it. It came back to congress, passed both houses Over his veto. It was condemned in the most severe terms by General Grant called it a "repudiation measure," and even advised the capitalists of tho country to annul its effect by making contracts payable in gold only. It was for paper money lost and destroyed, I ral Weaver and tho people's party pro- coin shipped out of the country, and currency held as reserves in banks. Now we havo 65,000,000 people. In other words since the close of the war. tho population using tho money has In creased thirty-nino million, while tho amount of money has DECREASED four 1 .1 Ml I aunureu minion. pose to restore silver to tree and un limited coinage, and re-issue the Unit ed States notes. These speeches of Thurston and Mar quette are not in themselves worthy of the serious discussion wo havo given them. Our object in writing them ud at this length is not so much to refute Now to come back to Mr. Marquette, them, as to show tho intelligent people In his Plattsmouth speech he replies to jur. weaver as follows: "General Weaver stated thatimmedl ately after tho war we had some $80 per capita, and now ho claims that there is only about $25 per capita. He of tho state how absolutely untrust worthy they are as teachers. The in telligent people of tho state ought to feel humiliated to have such speeches spread before the country as tho utter ances oi Nebraska' leading orators. claimed that there . were good times And tho day is not far distant when it and unlimited silver coinage, but there was only coined a little over 8,000,000 of silver dollars. We had produced little silver then. In 1873 the silyer in the bullion was worth a little more than in the dollar by weight. Then was passed the bill authorizing the trade dollar of 412 grains, and there was no more free coinage of silver up to 1878. Thena iuw was paaseu auiuurizing congress to buy $24,000,000 in 6iJver each year and coin it into dollars. In 1890 the law was again changed and the amount bought each month was made $4,500,000. In thirteen years the republican party has given the people, either in coin or in silver certificates, $500,000,000, as against the $8,000,000 in eighty-one years previous. On Wednesday night Hon. W. L. Greene spoke in Bohanan's hall. He took up Mr. Thurston's remarks. He agreed that there was a great deal of "able-bodied ignorance" on the silver republican administration since then has recommended the repeal of the Bland law. Every republican secretary oi tne treasury has discriminated against silver by coining the smallest amount required by law. and bv refus ing to pay government bonds in silver com. Such in brief is the record of the republican party on silver up to 1890. 'lhen came on the great un-risinsr of tne people in lavor or lull remonetiza- tion of silver. A free coinage bill pass- wnen we nad mat amount or money per capita: everything so high three times as high as it is now, and that one thing brought us prosperity. If that is so, that prosperity then was brought about by republican legislation and tne principal part of the legisla tion was the establishment of banks and tho issuing of money therefrom. That was tho principal source that made money plenty then. That was what blessed the people with plenty of i - - wno: money. Gold and sliver were very scarce, especially silver, lhcy did not count in tnat good time. The princl gal agency was tho United States anks. Now, if that bo true wo admit that the circulation of tho United States banks has been curtailed for the reason that the way mat ters are now the bonds that they havo to secure with are so low that as does not pay to issue money by the United States banks. For instance, the First National bank of will be almost incredible that tho poli tical thought ' and action of tho west were moulded and controlled by such men. Mrs. Grant and Mrs. Davis " Mrs. Ulvsses S. Grant, her son Jessa antfhis wife and only child, a bright little boy, are registered at Cran&tan's Hotel, West Toint. The other day Mrs. Jefferson Davis and her daughter rrrived at West Point and are also stopping at Cranston's. Thus the widow of the first and only President of tho Confederacy, and that of the Union General who broke tho power of the South and compelled Davis to dis continue his dreams of a southern con federacy aro under the same roof. Mrs. Grant is now a stout, medium-sized, gray-haired lady, past the prime of life, with a pleasant word and smile for her friends. Almost everv dav she and her Lincoln lloats only a little over $40,000. daughter-in-law and the little boy xaxf It might float $300,000, but the way tho be seen seated in a carriage that is be ing rapidly driven toward the West law is It cannot afford to float the money. If, then, we had good times when the government made such arrangements with the national banks Point Academy. ed the senate. It came very near pass- that they floated plenty of money, why x a. i "w-r 1 1 a i i . . - not note the cause and amend the law so that they can again afford to float the same amount of money? Like causes produce like effects, and if plenty of money is what makes prosperity, it does not matter where it comes from, the same prosperity will flow from the same cause. But while weaver sug gests that this amount of money fur nished largely by-the banks, made pros perity shortly after the war, he Is now hghtlng the very ing the house. Wall street became alarmed. Something must be done to check this agitation, So their ablest and most trusted servant, John Sher man, introduced a bill which for a tfm lauded to the skies by republicans as a great step toward remonetization of sil ver. As a matter of fact it was just the reverse. Under it silver is treated purely as a commodity. The coinage of silver has been suspended, and the treasury notes issued contain an excep tion clause which denies to them the Remember "Jenning's- Hotel" is headquarters of People's party while in Omaha. Located corner Ninth and Harney streets. 13tf Subscribe for Tiie Alliance-Inde pendent. i mi ji-oij l .jj u Li-j. tnwwaww ALLIICE-INDEPE11DIT inmg mat gave us that nrosneritv the bank. He is flht question, and said Thurston was one of Jegal-tender quality in payment of con- ing against any more issue of money, t.fc w uvi avamn,aa nf u iT- mm trP ade Payable in gold. he is going to do away with the causes the best living examples of it. He said Thurston's statement regarding the coinage of standard dollars before 1873 was not very far wrong, although it was incorrect. Greene then cited the volume and page in Blame s "Twenty years in con 1 1. f . . . gress' wnere a xaoie is iound giving tne coinage oi "silver irom the lounda tion of the government. This table shows that up to the end of 1871, about szyj, uuu.uuu oi silver nad been coined, or thirty-six times as much as Thurs ton had stated This amount was com posed mainly or half dollars, quarters and dimes. Thurston had tried to make his audience believe the eight muuon standard dollars wa3 all the silver that had been coined. Mr. Greene might have found several other evidences of "able-bodied tenor ance" or vigorous misrepresentation in Ihurston s remarks. For instance see how he slips over the fact that the standard dollar wag dropped from the coinage says the trade dollar was "authorized in that bill, but he knows or ought to know that it was not intended to take the place of the standard dollar. It was intended for trade with China. He says the trade dollar contained Only four months ago Sherman, the author of this law introduced a bill for its repeal. Only a month ago he stated f- -1 A A 1 . A I t 1 t A in a leuer mat "tne act oi iyu was adopted to prevent much worse legisla tion by the democratic party aided bv a lew republicans," that is, iree c linage. iet in lace or all these facts John M. inursion nas ino, dense ignorance, or sublime gall to "point with pride" to what the republican party has done for silver: ANOTHER CASE. T" a mi js .out inursion s ignorance is not a whit more "able-bodied" than that of T. M. Marquette, of Lincoln, leading: attorney ior tne a. & m. Mr. Alar- uette spoke at Plattsmouth on last aturday evening. He went over the same ground as Mr. Thurston and made pretty much all the same blunders, and a good many others which we have not spac3 to expose. finally he undertook to answer Gem- that gave U3 prosperity at one time, and he Is fighting for an imaginary currency, and for unlimited silver, which can be used in very limited quantities, and is bound to kill the source which made us once as' ho says a prosperous people." How is that for "ab:e-b3died ignor ance, or I might say able-bodied lying?" It is the most robust specimen we have heard of. Is it possible that T. M. Marquette is an ignoramus? If not we are compell ed to believe that he thinks tho voters of Nebraska aro ignoramuses who can be imposed upon with such stuff. He makes no effort to dispute Gene ral Weaver's statement that there were two billion dollars of monev in circulation in 1805, but sets up the claim that the principal source from which this money cime was the national banks Yet Mr. Weaver quoted from the comp troller of the currency's report that clandestinelv ral Weaver's argument on the financial the amount of national bank notes in in 1873 He qstion. In his speech at Lincoln, circulation m 18fo was only 140 million, Whonviv' General Weaver made a showing of the ess than one-sixth of the whole amount amount or money in circulation at the close of the war. He quoted from Comptroller of the currency, John J. Knox, and Secretary McCullousrh show ing the amount of money in circulation ! 1 Ol 'l-V 11 in jooo to Da as ionows: 412 grains of silver. This i3 false. It contained 420 grains of standard silver. United States notes,over He says ."there was no more free coinage of silver up to 1878." What sense is there in such a remark? There has been no "free coinage" since 1873. Thurston makes another blunder when he says the Jaw of 1878 "author ized congress to buy $24,000,000 in silver each year." The law authorized .$1,700,000,000 State bank notes 58,000,000 Gold and silver. . . . . , 100,000,000 national bank notes. ..... 146.000.000 Total. ..$2,004,000,000 This total amount of currencv at the close of the war was in use among the people of the north, about 25,000,000 in in circulation. Tho greatest amount of national bank notes we ever had in cir culation was 354, million in 1875. The amount in circulation June 30. lorn 1 a t no f 1 1 mi ' ioi was auout iuo million. inus we i had last year 22 million dollars more of national bank notes in circulation than we had in lobo. On the other hand the 1700 millions of United States notes in circulation in lebo were withdrawn and destroved till in 1878 we had had only 346 million wnicn nave remained in circulation ever since. Here was a contraction of l more than $1,354,000,000. And this eminent corporation The leading reform paper of the west. It advocates th o principles of the Peo ple's Party. It exposes fraud and corruption. It voices the rights of the toiling masses. v FOR THE COMING YEAR The Alliance-Indepen-- dent will le better than over. Many improve ments will be made. It will contain more general news; more choice miscel laneous matter, stories, etc. But its greatest fea ture for the coming winter will be its LEGISLATIVE REPORTS. The coming session of the Legislature is sure to be marked with exc iting scenes and incidents, and matters of great pith and moment will transpire. The Alliance-Independent will give full and fair reports of all these things. pMJE S'XrffiSSJ S .52535 Sabscriptiomprice $1.00 per year. teoamorar 5Ki .?kk- Fin yearly Sufs Itw order $4. AiiTorOnoa Wwoon torn rr,ni?.. V- 'TI -aT . , 7 , r' vi vUO uo w IUC urtJBUnt the worth of hnllinn and onmiirf, ,lHrt "i'cF :"T.TT' UT U1 amend Tir ni. ' , " " wu l" duuyy bunt law aa iaj remuve mo cause and put a make two million dollars. WQ now have onlv about $1,600,000,000 inr n,,r,t. nf d " i Again he sap: - In 1890 the law was of money in circulation, according to tioH. He evidently refers to the amend" f again changed and the amount bought . Secretary Foster, making nn niinwn nun 'mart nf fka nuftAnnt 11. - i a ..v.uvv tuvui vi vu.v uHv.vuai uaua. Jtct, uvDw - Address THE ALLIANCE PUB. CO. LINCOLN, NEBRASKA. .