The Alliance-independent. (Lincoln, Nebraska) 1892-1894, November 10, 1892, Page 9, Image 9

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    9 o
Displayed by Nebraska's Two Leading
Corporation Orators on the Eve
of Election.
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
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
i mi ji-oij l .jj u Li-j. tnwwaww
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
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
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
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
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
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
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
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