Savannah morning news. [volume] (Savannah) 1868-1887, 1885-12-17
SILVER as MONEY.
Hon. Edward Pierrepout and Hon. A. =.
WaNer Deliver Addresses


NEW YORK. Dee l0.--The main parlor
OF the Metropolitan hotel was occupied
with gentlemen tonight who had assem-
bled 10 hear the silver question discuss u.
Probably 90 or % were present The
meeting was under the auspices OF the
Anti Monopoly League. Hon. Edward
Pierrepont. eX.Niuister O. England pre-
sided. He gave an extensive reNle" O..
tie silver question Ia TINS country anu
Europe. he said. among other Things;
silver does n0t fuetue,9 any more man
gold nuctUa.c+-I mean 10 the course OF JUS
natural operations.
no CHANGE IN FORTY YEARS.
IN the period extending from 1888 TO 1873
there was dut little fuetuatou .u tae lcnoon
prices ofsilvcr In 1888 The price wa. - ood
Pence per ounce. snd f rty years after the
rr.ee was exactly the same. There j.
uonation now coming silver but all the pa
tons sre coming gold. IL you were % et0p
me Co.c coinage. the result would be iall Ia
ire valued OF & Ia aula fuctUatiOn IN prices.
The English system, which IS 70 frequently
mentioned. ls 3 system by which certain
class is favored. They have prlmogeniture,
hertdit6rv. nobility, arlStocracy, and none
kings These never think OF the general
people when they legislate on the currency.
NOT SUITABLE TO THIS COUNTRY.
Their financial system Is no more suited 70
our currency than their system OF govern
ment Is suited TO our wants.
Among those elected vice presidents
were Roswell P. Flower and Charles A.
Dana. neither Of whom were present.
Gen. Thomas Ewing, Of Ohio, had been
expected, but sent word that ne could not
come.
Hon. A. j. Warner next spoke. He
said:
Not only the facts are on orr SHE, bat the
science Of the question as wei. 4 movement
has been organized % throw out Of commerce
one Of The metals If rrency. The condition
of the wor bad not improved. Prices were
no more stable. business no more prosperous,
production not increased. nor was wealth in
creased, and the nations were no better Of.
THE RESOLUTIONS,
A long series OF resolutions were then
adopted, from which the following are ex-
tracts:
Resolrsd, That we do hereby petition Con-
vress 10 resume free coinage Of the standard
silver dollar OF 4l2 grains. and to provide for
the issue by al sub-treasuries and national
deposit tories of treasury bills Of the denomua-
tion Of g. 81 and IS on deposit Of any and all
denominations Of silver coin.
Resolged. Thatas matter Of constitutional
Jaw, irrespective Of economic policy. the
United states cannot become mono metallic
country on The single standard Of gold or Ill
yer, because the constitution prohibits every
State from making anything else but gold and
silver legal tender In pas meut OF debts, and
thereby u6FpiNee on tOuEFtrs perpetual OUll-
cation TO provide the states with both gold
and silver coin. in which all debts can be paid.
Rss0leed. That no increase in the quantity
Of silver bullion in the coined dollar is eXpe-
dient for the reason that all debtors who have
incurred debts, public or private. in Ameri-
can currency have The ght to pay each dol
lar q Them with 35l15 grams Of pure silver,
or with q grams Of gold, at their election.
and Congress would be guilty Of
spoil alton and robbery IL il should
attempt to increase the quantity Of silver
such debtors owe. To Increase by one-ifth
the quantity Of silver in the dollar would be to
swell by s3l O.0l0 the volume of the govern
ment debt. To add one-dfth 20 the volume Of
the legal debt at the call Of the b0ndhoders Is
az deep dishOnOr TO the government as to
scale the debt at the call OF the taxpayers,