The silver state. [volume] (Unionville, Nev.) 1870-1903, 1885-02-03

Resolutions Adopted at Carson Sat
urday.

cial circles against the continued COIN
age of silver in the United States has
assumed so serious an aspect as to men,
ace 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; therefore,
we, the people of Nevada, in conven-
ton assembled, at Carson City, January
81, 1885, do hereby declare as our de-
liberately- formed conviction, that the
said agitation is based upon glittering
fallacies, false premises, perverted Zig
ures and distorted facts, as evidence of
the justice of our position, and we SUBJ
NIT the following self-evident PROPOSE.
tions, Of the truth, Of which we chal.
lepge successful contradiction:
First-That while the United States
of America includes only four per cent.
of the population of the globe, it annu.
ally produces one third of the gold and
one-half of 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 it's total gold
product, that being the proportion Of
the worlds gold crop harvested from
American silver.
Third-That owing to hostile legisla-
ton, both in Europe and the United
States, against silver as a monetary
metal, its natural function as medium
of exchange has been greatly though
not irretrievably impaired, and its
twin metal, gold. correspondingly in.
fiated, thus diminishing the volume Of
the entire specie for the business of the
world.
Fourth-That Great Britain, while
sustaining the single gold-standard at
home, is one of the principal silver.
using nations Of the world, and is inter-
ested in depreciating the bullion value
thereof in order to facilitate her vast
commerce with her Indian possessions.
With cheap silver in the London mar
ket she is enabled to buy wheat in Cal
cutta at lower rate than she can i'm.
port breadstuffs from the United States.
With the American government CO.
operating in the pernicious work of
depreciating silver, our surplus bullion
seeks the London market and becomes,
in the hands of foreign capitalists, a
weapon to annihilate American agricul-
ture. Thus are our own products
turned upon US to 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 of population, wealth and ex-
change.
Sixth-The ratio of the production of
silver to the production Of gold contin-
ues practically unchanged; therefore,
be it
Resolced, That this Convention
heartily indorses the resolutions of the
late Silver Convention held at Denver,
COL, and
Resolved, That the suggestions of
the Secretary of the Treasury in his
late annual report to the President,
that the accumulation of standard dol.
lars in the vaults of the Treasury of the
United States has resulted in great in
convenience to that Department, and
that because of such coinage the fur
Their coinage of silver should cease, are
not worthy to be considered in connec-
ton with the prosperity of the people
engaged in the production of silver, nor
in connection with the proper solution
of the question of the currency of the
Republic; but to meet such alleged in
convenience and to promote and main.
tain the prosperity of the thousands
who have embarked their all in the
production of the precious metals in our
country, upon the faith of past legisla-
ton, this Convention declares that it is
in favor of the enactment of such laws
rs will authorize and require the issu.
ance Of silver certificates for all domes-
tic silver bullion of the required fine-
ness, 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 Gov.
eminent upon such bullion, such value
to be expressed in standard dollars of
the weight of 2l2A grains, as now re.
quired by law, and such bullion value
to be estimated and determined at the
ratio of 1929 SO 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
trade, commerce and the 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 Treas.
ury at date as early as practicable.
Resoleed, That we believe that the
recoinage of the subsidiary silver coin.