Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1885-02-03
CommEN b ACTION.
A Syn opsis OF The GoOd Work bone
by the Friends vi silver at Their
Convention Held ON Saturday Last
ln Carson.

N SyNOpsks Oh Inc GOOu MOrk zone
by the Friends of silver at Their
Convention Held ON Saturday Last
in Carson.
The following resolutions we're adopted
by the Silver Convention held in Carson
last Saturday evening:
whereas, The agitation in financial cir.
Giles against the continued coinage Of silver
In the United States has assumed 80 seri
GUS 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 increase the burdens
OF the debtor Class, and to greatly lower
the wages of every class Of labor; there
fore. we, the people OF Nevada, in conven'
tion assembled, at Carson, Jan. 81, 1885,
do hereby declare as our deliberately
formed conviction that the said agitation
10 based upon glittering fallacies, false
promises, perverted figures and distorted
facts. As evidence OF the justice Of ouI
position, we submit the following senti
ments propositions of truth, of which We
challenge successful contra fiction:
First-That the United States Of
America includes only four per cent of the
population of the globe and one-half Of the
silver product of the civilized world.
Second-That to paralyze the silver in
dustry in the United States is to rob the
world Of ne-ninth Of its total gold pro.
duct, that being the proposition of the
worlds gold crop harvest from American
silver.
Tbird-Thst, owing 10 hostile legislation
both ia Europe and the United States
QUaipat aiIvar an q naanataru natal see
natural function as o medium of exchange
has been greatly, though not irretrievably,
impaired, and its twin metal, gold, cor
re~spondingly inflated, thus diminishing
the volume Of the entire specie for the
business Of the world.
Fourth That Great Britain, while sus-
tanning a single gold standard at home, IL
one Of the principal s~ilver-usiDg nations OF
the world, and is interested in depreciating
the bullion value thereof, in order to
facilitate her vast commerce with Indian
possessions. With cheap silver in the Lon
don market, she is enabled TO buy wheat in
Calcutta at q lower rate than she can i'm
port breadstuffs from the United States.
With the American Government co-operat-
ing in the pernicious work Of depreciating
silver, our surplus of bullion seeks the
London market, and becomes, in the hands
Of foreign capitalists. q weapon to annihi-
late American agriculture. Thus are our
own products turned upon us to degrade
aud cheaper American labor.
Fifth-The annual addition to the stock
Of silver and gold in existence is proper
tionately smaller than the annual increase
In the population, wealth and exchange.
Sixth-The ratio Of the production oil
silver to the production Of gold continues
practically unchanged; therefore. be il
Resolved, That the suggestions OF the
Secretary OF the Treasury, in his late an
nnal report to the President, that the &C
emulation OF standard dollars in the
vaults OF the Treasury Of the United States
has resulted in great Inconvenience to thai
Department, and that because of such fact,
the further coinage Of silver should cease,
| are not worthy to be considered in connec-
ton with the prosperity OF the people en-
gagged in the production OF silver, nor 10
connection with q proper solution OF the
| question OF currency OF the Rupublic, but
to meet such alleged Inconvenience and to
promote and maintain prosperity OF thou
sands who have embarked their all in the
| production Of precious metals in our
country upon the faith OF past legislation
| this Convention declares that IL is in favor
OF the enactment Of such laws as viii
authorize and require the issuance OF sill
yer certificates for all domestic silver bull
lou Of the required f%ineness. 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 412k grains, as
now required by law, and such bullion
value to be estimated aud determined al
the ratio OF / %. 20 per ounce OF fine sill
yer, such bullion to be kept by the Gov.
| eminent on deposit for the redemption Of
such silver certificates, which shall be o
legal tender for all debts, public and pri'
vate; that II is TO the interest OF the trade
| Of and permanent credit Of the
| United States that the paper currency Of
this nation should be represented by its
| equivalent in gold and silver in the
| United States Treasury at a date as early
as practicable.
Resolved, That we believe that the re-
| coinage Of subsidiary silver coin will carry
the same proportion of silver as is con.
| tanned in the standard dollar, aud would
| result in the publication Of our silver
| coinage and in an advantageous use o.
nuch Of our unemployed silver.