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The name "Coin" was suggested by Ole E. Olson, the storekeeper and postmaster, during the William Jennings Bryan Free Silver debate.
James was elected as a Republican to the Forty-eighth and Forty-ninth Congresses (March 4, 1883-March 3, 1887) where he became a staunch supporter of free silver.
In the 1900 novel The Wonderful Wizard of Oz, a primary political interpretation is that it treats free silver, which engenders inflation and hence reduces debts.
One proposal to cure the economic malaise was "Free Silver"; that the government would accept silver bullion and return it to the depositor, struck into silver dollars.
In 1896, Callahan was nominated for Congressional delegate from Oklahoma Territory, and was elected by a plurality of less than fifteen hundred, running on the Free Silver ticket to the 55th United States Congress.
At a time when the Republican party was divided over protective tariffs, Sherman sided with McKinley and the conservative branch, defending the gold standard against the potentially inflationary 'free silver'.
James McLane, 400 Free silver, 1500 Free gold, 800 Free Relay Gold