Rensselaer Republican, Volume 24, Number 50, Rensselaer, Jasper County, 11 August 1892 — M’KINLEY IN IOWA. [ARTICLE]

M’KINLEY IN IOWA.

The Questions of Free Coinage &td Tariff Discussed- - i He Bay* * Short Dollar la Worse Than » Short Crop—Ten Thousand People Hear Him. _ Governor McKinley addressed 10.00 C people at Council Bluffs, lowa, on the 4tb He said: i P “ I shall speak on the subjects of money and taxation. The Democratic platform! of late years have declared in favor of fret silver, but when in the last Congress they had a majority thejtfailad to pass a free coinage bill against, the opposition of a solid Republican minority and deserters from the Democratic ranks. What we want is a dollar worth a hundred cents, here as well as elsewhere. Be it silver, paper or gold,the Republican party insists tmd has always insisted, that it should be', worth a hundred cents. If there be two kinds of money in circulation of different values, every one knows that the cheaper money drives the good money out of circulation. The 100-cent dollar won’t ciate with the 83-cent dollar. "Duringthe par you did riot see any gold in circulation at all. Now there are E>7OO,(XX),CO) in circulation, as the result of the redemption act of 1879. Some will claim that the silver dollar will buy as much as the gold dollar, but it must be remembered that the silver dollar ik now coined only to a limited extents If there were free coinage it would mean that every man having silver bullion, could take it to the government mints and get it coined. Now the government retains the difference between the value of the silver coined in a dollar and the 100 cents’ worth of silver, and thus makes the profit, whereas were there free coinage the silver men would get the ‘rake off.’ We do not want any short dollars in this country. A short dollar is worse than a short crop. A kind Providence may follow a short crop with a good one, but Providence has nothing to do with the lengthening of the short dollar. [Laughter.] "Coming to the subject of taxation, I would say that if wo had the power we would abolish all taxation. We don't like It, bnt. it is necessaryjto.sustain the government. The question is how to raise it. The revenue tariff advocated by the Democrats encourages no American industry. It is levied in cold business blood. It considers only tjie country, notthehomp. The consumer pays it. The Republican protective tariff, on the other hand, taxes the foreigner.” Governor McKinley then went on to show that protection benefited the farmer by giving liim a near-by riiayket. He dteclaredT old farmers who founded the Republic originated protection. He showed the advantage of the high tariff by comparing the conditiona of the country under the high and low tariffs. Referring to Republican defeat in 1890, he said the McKinley law was only four months old then and too young to speak for itself. Now it can and is speaking for itself.