The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1885-02-08
-n CARSON
rAs Friends OF silver TaksA nm Sand
and Adopt Some Very Righteous ROSo-

Whereas. the agitation in financial cir
eles against the continued coinage Of
silver in the United States has assumed
so serions an aspect as to menace not
only the silver mining industry Of the
country. but to depreciate the prices of
all agricultural products, to greatly IN
crease the burdens of the debtor class,
and to greatly lower the wages of every
class of labor; ther, fore, We, the people
Of Nevada, in convention assembled, ut
Carson. Jan. 3lst, 1885. do hereby de-
clare as our deliberately formed convic-
ton that the said agitation is based
upon glit,ering falncies. false promises.
perverted figures and distorted facts. As
evidence Of the justice Of our position,
We submit the following sentiments
propositions of truth. Of which We chal-
leDge successful contradiction:
First--That the United States OF
America only includes four per cent Of
the population OF the globe And one-
half Of the silver product Of the civil
lied world.
Second-That TO paralyze the silver
industry in the United States is to rob
the world Of one-ninth Of its total gold
product, that being the proportion of the
worlds gold crop harvest from American
silver.
Third-That, owing to hostile legisla-
ton both in Europe and the United
States against silver rs a monetary
metal, its natural function as a medium
of exchange has been greatly, though
net irretrievably impaired. and its twin
metal, gold, correspondingly inflated,
thus diminishing the volume of the en-
tire specie for the business of the
world.
Fourth-That Great Britain, while
sustaining u single gold standard at
home, is one of the principal silver using
nations of the world, and is Interested i'll
depreciating the bullion value thereof la
order to facilitate her vast
with Indian possessions. With cheap
silver in the London market, she is en-
abled to buy wheat in Calcutta at Il far
lower rate than she can import bread
stuffs from the United States. With the
American government cooperating i'll
the pernicious work of d~epreciatiug sill
yer, Our surplus Of bullion seeks the
London market and becomes. in the
hands of foreign capitalists, II weapon
to annihilnte American agriculture. This
way are IL W. products turned upon
US to degrade and cheaper American
labor.
Fifth-The annual addition to the
stock OF silver and gold in existence is
proporuonately smaller han the annual
increase in the population, wealth and
exchange.
Sixth-The ratio OF the production Of
silver to the production of gold continues
practically unchanged; therefore, be it
Resolved, That the suggestions of the
Secretary Of the Treasury, in his late au-
nuai report to the President, that the ac-
emulation OF standard dollars il the
vaults Of the Treasury of the United
States has resulted III great inconvenience
TO that Department, aud that because Of
such fact, the further coinage of silver
should cease, are not worthy to be con
sidered in connection with the prosperity
Of the people engaged III the production
Of silver, nor in connection with IA proper
solution of the question Of currency Of
the Republic, but to meet such alleged
Inconvenience and to promote and main.
tain prosperity Of thousands who have
embarked their all in the production Of
precious metals in our country upon the
faith o! past legislation, this Convention
declares that il is in favor Of the enact
ment of such laws ns will authorize and
require the issuance Of silver certificates
for all domestic silver bullion of the re-
CURED fncncss, which may be deposited
at The United States MINIS. After the
same shall have been parted and refined,
and the value thereof stamped by the
Government upon such bullion, such
value to be expressed in standard dollars
OF the weight Of 4l2X grains. as now
required by law, and such bullion Yuiue
to be estimated and determined at the
ratio Of 1929 per ounce of fine silver,
such bullion to be kept by the Govern
ment on deposit for the redemption Of
such silver certificates, which shall. be a
legal tender for all debts, public and
private; that it is to the interest of the
trade Of III and permanent credit
Of the United States that the paper cur
rency OF this nation should be repre-.
scented by it's equivalent in gold and sill
yer in the United States Treasury at q
date ns early as practicable.
Resolved, That We believe that the re-
coinage Of subsidiary silver coin will
carry the same proportion Of silver as is
contained in the standard dollar, and
would result in the publication Of our
silver coinage and in an advantageous
Use Of much Of Our unemployed silver.
THE SILVER CONVENTION.