Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1885-02-07
THE SILVER CONVENTION.


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 fig.
uares and distorted facts, as evidence OF
the justice Of our position, and we sub.
nit the following self.evident PROPOSE.
lions, Of the truth, of which we chal-
lenge 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
OillCu DldtCo 10 " IOD
the world one ninth of its total gold
product, that being the proportion Of
the worlds gold crop harvested from
American silver.
Third-That owing to hostile legisla.
ton, both iR Europe and the United
States, against silver as monetary met
al, its natural function as a medium Of
exchange has been greatly though not
irretrieyably impaired, and its twin met
al, gold, cor!espondingly inflated, 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 US
ing nations Of the world, and is interest
ed in depreciating the bullion vulue
thereof in order to facilitate Ter 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 breadslutis from the United States.
With the American government cooper
ating in the perniclous woik Of depreci-
ating silver, our surplus bullion seeks
the London market and becomes, in the
hands of foreign capitalists, a weapon
TO annlhilate American agriculture.
Thus arc our own products turned upon
u, to degrade ana cheaper American
labor.
Fifth The annual addition to the
stock OF silver and god in existence is
proporlionalely smaller ,han The annual
increase oi population, we1lsh AID eX-
Change
S,Ath-lhe ratio Of ;hc prod uction OF
silver 10 the production Of gold conIin.
uss practically unchanged; therefore,
be il
Ke5ofaei, That this Convention
heartily lndorses III: resolutions ot the
late silver Convention held al Denyer,
Col, AID
Resoigel, That the suggestions Of
the Secretary OF The Treasury IN his
late annual report to Inc President, thai
the accumulation OF standard dollars in
the vaults OF the Treasury OF the United
S.ates has resulted great inconvenience
to that Department, and that because oil
such coinage the further coinage OF sill.
yer should cease, are not worthy to be
considered in connection with the pros.
periIy 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 Inconvenience and to
promote and maintain the prosperity OF
the thousands who have embarked their
all in the production of the precious
j metals in our country, upon the faith OF
past legislation, 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 required
hneness, which may b: deposited at the
United States MINIS after the same shall
hpve been parted and refined and the
value thereof stamped by the Govern
ment upon such bullion, such value to
be expressed in standard dollars of the
weight of any grains, as now requlr-
ed by law, and such bullion value to be
estimated and determined at the ratio Of
$I2o 90 per ounce of fine silver. Such
bullion TO be kept by the Government
on deposit Tor the redemption of such
silver certificates, Which shall be a lie.
gal 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 pa
per currency of this Nation should be
represented by its equivalent in gold
and silver in the Uuited States Treasury
at date as early as practicable.
Re5oi0eI, That we believe that the
recoinagc of the subsidiary silver coin,
will carry the same proportion of silver
as is contained in the standard dollar,
and would result; in the publication OF
our silver coinage and in the advanta.
| oaous uSe of tnuch of our unemDlovel