The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1885-02-07
THE SILVER CONVENTION.

| In full the proceedings Of the Silver
Convention which met in Carson last
Saturday. It's proceedings were in
every respect worthy OF the men who
com posed it Following are the reso-
lutlons adopted !:
Whereas, The agitation in financial
circles against the continued coinage
| of silver in the United States has AS
sumed so serious an aspect as to men,
ace not only the silver mining indus
try of the country, bur to depreciate
the prices of all agricultural products,
10 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 con-
yention assembled, at Carson, Jan.
81, 1885, do hereby declare rs our de-
liberately formed conviction that the
said agitation is based upon glittering
fallacies, false promises, perverted
figures and distorted facts. AZ evil
dence of the justice of our position,
we submit the following sentiments
propositions of truth, OF which we
challenge successful contradiction
First-That the United States Of
America includes only four per cent.
of the population of the globe and
one half Ct the silver product of the
civilized 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 proposition OF
the worlds gold crop harvest from
American silver.
Third That, owing 10 hostile legis-
lation both in Europe and the United
States against silver as monetary
metal, its natural function as y me.
dunn of exchange has been greatly,
though not irretrievably, impaired,
and its twin metal. gold, correspond
ingly inflated, thus diminishing the
volume OF the entire specie for the
business OF the world.
Fourlh--That Great Britain, while
sustaining single gold standard at
home, is one OF the principal silver
using nat ions Off world, and is in
terested in deprecistlng the bullion
value thereof, III order To facilitate her
vast commerce with Indian posses
sions. With cheap sill, er in the Lon
don market, she is enabled TO buy
wheat in Calcutta at lower rate than
she can import breadstufis from the
United States. With the American
Government cooperating In the per-
nicious work o. uepreciating silver,
our surplus OF bullion seeks the Lon
don market, and becomes, In the
hands of foreign capitalists, u weapon
10 snnihilate American agriculture.
Thus are our own products turned
upon US 10 degrade and cheaper
American labor.
Fifth-The annual addition to the
stock OF silver and gold in existence
is proportionately smaller than the
annual increase in the population,
wealth and exchange.
Sixth-The ratio OF the production
OF silver to the production Of gold con-
tinues practically unchanged; there
fore, be it
Resolved, That the suggestions OF
the Secretary Of The Treasury, in his
late annual report 10 the President,
that The accumulation Of standard dol
lars in the vaults of the Treasury OF
the United States has resulted In great
Inconvenience to that Department,
and that because of such fact, the fur
Their coinage Of silver should cease,
are not worthy to be considered in
connection with the prosperity of the
people engaged in the production of
silver, nor in connection with prop
or solution OF the question OF currency
OF the Republic, but to meet such al
legged Inconvenience and to promote
aud maintain prosperity OF thousands
who have embarked their all in the
production of precious metals in our
country upon the faith of past legisIa-
ton, this Convention declares. that it
is in favor OF the enactment OF such
laws as will authorize and require the
issuance Of silver certificates for all
domestic silver bullion of the REQ uired
hneness, which may be deposited at
ytbe United States MINIS. After The
same shall have been parted and re-
fined, and the value thereof stamped
by the Government upon such bull
lion, such value to be expressed In
standard dollars OF the weight Of 4l2X
grains, as now required by law, and
such bullion value TO be- estimated and
determined at tho ratio Of 1923 Der
ounce of fine silver, such bullion TO be
kept by the Government on deposit
for the redemption of such silver Ger.
titicates, which shall be legal tender
for all debts, public and private; that
IL IL 10 the interest Of the trade OF CON-
merce and permanent credit of the
Unilad States that the na Nor nnrrannu