The Argus. (Rock Island, Ill.) 1885-1886, 1885-12-18
DEMAND FREE COINAGE.
kNTI-MONOPOlY HEN HOLD A Sill.
YER CONVENTION.
RESOLUTIONS Calling for a Bi-NetaIlic Pol.
icy for the United States--Ex- senator
Tabor Tells What He Knows
of the Subject.

NEW YORK, Dec. lS-1he main parlor o
the metropolitan hotel was occupied by gen
tlenen Wednesday night who had assemble
TO hear the silver question discussed Abou
seventy persons were present. The meeting
was under the auspices of the Anti Mouop
oily league. The Hon. Edwards Pierrepon
presided. He gave an extensive review ol
the silver question in this country and Eu
rope. Ae said: ''s,ilver- does not huctuatt
any more than gold in the course Of its nat
urai operations. From 1888 to 1913 there
was but little fiuctuation in the London
| prices of silver. In 1888 the price was 81
odd pence per ounre, and forty years after
the price was exactly the same There is no
| nation now coming silver, but all nations
| are coming gold If you We're to stop gold
coinage the result would be fail in the
| value of gold and a huctuation in the
| priCein
Nj A. j. Warner Offered resolution,
| which were adopted, and which declare:
| That We hereby petition congress to re-
ssline the free coinage Of ;he silver dollars OF
| ll"l. grains and TO provide for the issue by
| all sub treasures and national depositorias
| of treasury bills OF the denominations of !
81 and - on deposit of any and all denoln
nation on silver coins. That as a matter
oi constitutional law, irrespective of econ
| omic policy, the United States cannot he
come a monomet@llic country on the
single standard OF gold or silver,
becai+e the constitution prohibits every
state from making any thing else bat gold
and silver legal tender in pay ment of debts
and thereby dovOlNes on congress the per
petal obligation to provide the states with
both gold and silver coin, on which all debts
can he paid. That it is due the dignity of
the United States TO prove to the world that
il has tn sily ia, ,,titI
gold by simply giving it free coinage al its
mints; that there are no natural causes why
silver should now be deprecated relatively
to gold; that in the event of free coinage
being enacted the United STAGES need not
fear either an export Of her gold or o very
large increase of her silver, for, if oti,..
nations send their silver to our mints to be
coined in larger quantities than now, they
must do so to either distribute it here
for payment i'll merchandise, which
they have not hitherto been having.
i'll which case they would increase
our exports and quicken and stimulate our
production, or they must do 90 in order to
exchange it in this country, when coined
for gold; but i'll such case. if gold is at a |
premium, its holders hero viii get the |
premium and the country will lose nothing. |
and II gold Is not at Il premium here in sill |
yer then the induCement to send the silver |
here will have disappeared. and it will not |
come; that the amount of silver in tLt. ,
standard dollar should not be increased. rs a I
matter of Justice to the debtor who has
contracted obligations under rhc present
standard: that to increase bv one firth t,le
quantity of silver i'll the dollar would he to
swell by $500. .OOO. .OOD the volume of the GOV
ernment debt, To add one-fifth to the vol
ume of the legal debt at the call of the bond
holders is as deep dishonor to the govern
ment as to scale the debt at the call of the
tax payers"
The resolutions conclude by asserting the
equal stability of silver with gold in value.
and protesting against measuring silver hv
gold