U . S . political party that sought to represent the interests of farmers and laborers in the 1890s, advocating increased currency issue, free coinage of gold and silver, public ownership of railroads, and a graduated federal income tax.
32.
Populist James B . Weaver, calling for free coinage of silver and an inflationary monetary policy, received such strong support in the West that he become the only third-party nominee between 1860 and 1912 to carry a single state.
33.
Seated Liberty dollar production was halted by the Coinage Act of 1873, which authorized the free coinage of silver into legal tender, and after the passage of the Bland Allison Act in 1878, production resumed with the Morgan dollar.
34.
Another issue on which no agreement was reached was that of bimetallism : McKinley had promised silver-leaning Republicans to seek an international agreement varying the price ratio between silver and gold to allow for free coinage of silver, and Hay was instructed to seek British participation.
35.
Opposed to the free coinage of silver as likely to cause a glut in the domestic market and depreciate its value, in 1891 Valentine's contributions to the press on the subject were notable for close reasoning, careful research, and a formidable array of statistics in support of his conclusions.
36.
In his Lesson for Coin , lawyer and American Bar Association founder Everett Wheeler cited that even under free coinage of silver, rates of silver fluctuated from nation to nation according to their demands and supply, and that even before 1873, there was not an unlimited demand for silver, as silver was too bulky to use.
37.
The House passed a bill in June 1890 requiring the government to purchase 4.5 million ounces of silver each month ( in addition to the $ 2 $ 4 million required to be coined under Bland Allison . ) The Senate passed a bill by Republican Preston B . Plumb of Kansas for free coinage of silver at the legal ( 16 : 1 ) ratio.
