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Evidence Accumulates

Evidence Accumulates image
Parent Issue
Day
19
Month
July
Year
1895
Copyright
Public Domain
OCR Text

Iowa democrats aud Iowa republicana have fixed their status on the roouey qnestion aud they are "agin'' the 16 to craze. Each favors the continued use f both gold aud silver in our circulation. They are therefore of necessity opposed to f ree and independent coinage by this nation alone, siuce that means, as everybody understands who bas any knowledge of financia! principies, a decent to silver monometalism and the consequent retirement of gold from circulation. As both democrats and republicans of Iowa desire chat the country shall not suffer the loss of either gold or silver from the volume of our circulating medium, they wisely de. clare for the coinage of both under sueh legislation as will maintain the parity of both and henee the concurrent circulation of both. To this end they urge the United States to use their influence to secure this in the only way it can be brought abont, viz. ,by international agreement. Th ere is no little satisfaction to the advocates of a sound monetary policy in the position taken by the great state of Iowa. It indicates that the free silver errancy is utterly unable to withstand the oncoming of industrial revival and the campaign of education which is being waged, and that support of it will eoon be confined to the silver produoing section. The free silver heresy conld never have gained the proportions it did, had the people been iu their normal condition of ruind. Bnt they were oppressed by hard tinies the inost grinding the country had esperienced in years, broBght on in part at least, and in so far as governmentaFaction was responsible, by vicions republican tariff legislation and the ■worse Sherinan silver law. The people were in a state of consternation created ly the calamity howlers whose doleful predictions were snfflciently potent to frighten a democratie congress away from the carrying out in full of platform pledges. It is not surprising that under snoh circuinstances the people turned to the first nostrum that seemed to promise relief. As isalwaya the case during such trying tirnes there was not wanting those who poisoned the minds of far better men with the dishonest thought that by an act of congress, making fifty cents worth of silver a dollar, all debtors ould scale down their obligaions and liquídate them with one half the exertion they conld under existing condiÜons. In other words that congress conld and should aid debtors in repudiat. ing one half of their debts. This was eimply a revival in a modified form of the old greenback fetich which in turn ■was bom of the panic of 1873 Better times and sober second thought have discovered to the people the dishonesty and danger of such a course and the Jiallucination is rapidly fading away. The result in Iowa is one more evidence of the fact.

Article

Subjects
Ann Arbor Argus
Old News