People's Pilot, Volume 5, Number 18, Rensselaer, Jasper County, 24 October 1895 — ALLISON ON THE BOND ISSUE. [ARTICLE]

ALLISON ON THE BOND ISSUE.

Old party men will never believe anything until one of their own gang says it—Then it is put down as gospel truth. Populists have long been scoring Cleveland for issuing bonds for any purpose. Here comes Wm. B. Allison, a prominent candidate for the republican nomination for president, who, at a speech at Marshalltown, lowa, recently, cooked his presidential goosein the following uncomplimentary remarks about bonds:

“This issue of bonds for current expenditures is one of the greatest blunders of the last two years. Within that time $152,500,000 of long-time bonds have been sold, boaring a high rate of interest with §178,000,000 realized from such sales of which amount $130,000,000 in round numbers has been used for current expenses although sold for the ostensible purpose of maintaining the reserve. The last sale was far below the market value, causing great loss to the treasury and coupled with conditions unusual and extraordinary so far as they have been revealed.” He tried Vokedge by shying his castor at free silver, as follows:

“The opening of our mints to the free coinage of silver at the ratio of 16 to 1 without the concurrent action of other leading commercial nations would lead at once to the silver standard, which would be a greatly depreciated standard, and would produce great distress and injustice. ” But it’s no go> Mr. Allison. You have placed yourself on record as saying that the bond issue was a blunder, and that the bonds sold “far below the market value.” The bond syndicate advised and engineered the bond sale and made millions out of it You have spoken disapprovingly of the measure, and by so doing have affronted the money power which controls the republican party. The majority of your party will believe what you say, but

they will not have a chance to vote for you.-Industrial Farmer.