The Argus. (Rock Island, Ill.) 1885-1886, 1886-02-25

Cub WChtnCi, tuClC '" do dtAtN
present at the court house last evening to
hear the silver question discussed. The
meeting was called TO order by Robert
Benz EFT, ESQ.,, and Mr.. J. II. Iore was
elected chairman, but that gentleman de-
clined to serve, owing to the fact that he
would be compelled to leave before the
adjournment of the meeting Mr.. A. j.
Schaffer was then called to the chair, and
NJ. T. Stafford was made secretary. On
motion OF J. B. Danforth, commits
tee on
RESOLUTIONS
was appointed, composed of }. b.
Danforth, John Volk and Robert Bennett.
The committee retired and returned with
the following report:
Resolred, That we are opposed to any
reduction in the present rate of coinage
of silver
Resoioed, That we call upon Congress
| to re-establish the free coinage OF silver
under the same rules az the free coinage
of gold, as was the custom from the be
ginning of our coinage in 1892 down to
the time when silver was surreptitiously
demonetized in 1878.
Resolped, That there should be an an
nual increase in the circulating medium to
keep pace with the wants Of our increas-
ing population.
| ResoLeud, That we call upon con-
gress to order the immediate payment OF
all bonds now payable, using therefor
the surplus money now in the treasury
not required to carry into execution acts
of congress already in force.
ResotUed, That congress is hereby re-
auested to order the secretary OF the
treasury to reissue all the one and two
dollar treasury notes he has boarded and
to furnish such additional ones and twos
AS are demanded for business purposes
when called for in exchange for otheI
money.
Res0lesd That we agree with the
present u. S. treasurer, who Says IN his
report that gold and silver certificates
serve But one purpose-that of imposing
upon the treasury the custody OF the coli
deposited with its attendant dangers anC
expense, and compelling the government
to pay the heavy rates charged for thu
Transportation of the coin and certificates
to and from the different sub treasures
and We call upon congress to abolish tn
whole system of coin certificates and lie
every citizen store his own IN oney rs wei
as his other property.
Resolred, That all the newspapers il
this county are requested to publish thes
resolutions and synopsis OF the pro
, ceedings of this meeting and send marke,
copies to the senators and representa-
tives in congress from this state.
Then came the speeches, j. 4
Daniorth, being the first on the list
W. II. GEsT,
on being called upon said that he wa
present as listener, rather than speake
He had given the silver subject little con
sideration, and whatever information h
had, he had obtained from the newspa
pers, and his ideas had been formed froT
) reflection upon this information, BIZ
E from what he had learned of America
finance of late, con traction of ii
currency had figured largely in produC
ing hard times. 1t always caused har
times 1t is the universal opinion of q
who seek to look after the welfare of I'll
people that the contraction Of the silvt
should not be endorsed. The great mas
of the people are poor and
them tie common people-thel
!, is no question today OF great
er importance. The question now i
'shall the coinage of silver be suspend
ed,' The general answer will be "no
But why notH When money is plent.
everybody is busy. That is the absoul
fact about it, no matter what the theor
NAV be- There cannot be too muC
money, or too much silver col
ahoat in this country. No matter no
much money | make, spend it, fin
use for it, and somebody else gets ii
benefit Of it as well as |. There is
want for every dollar of it, no matte
now much make. If | had more none
n to spend, more people would find en-
ployment. Plenty of money makes goo
times. Give us more silver then give
more money, let Us have millions of it
J of course there should be reasonab
limit-but let that limit be beyond a
u abundance of money for us all Scarcl
of money means poverty and distres
Let the compulsory feature of the r
Y monetiZation act be repealed, and Il
v suspension of the manufacture of at lea
ir 81. 900, 900 month will be the resu
re Store this money away. in vaults for t
=, time being, it is 80 much more added
1t the nations stock and sooner or later,
in will find its way into circulation. T
nc great HlhSS vi SllVtT CerLluCtteS lS5utu
re day are in large amounts-five hundr
N dollar notes, etc-what do we want W
"a such as these? What we want is o
IS dollar and five dollar greenbacks. Siv
Of coinage should be continued because t
mt country will go to ruin, if it is suspende
at Silver is of itself thing of valu
EFF don't see why we cant have an unliu
s. ted coinage of silver. Let's have more
er 1t. Give us more silver.
ht L. W. HURST.
Mr.. Hurst spoke in favor of the reso
tions. He said that in their discussion
should confine himself to that portion
the resolutions which declared against
. suspension of coinage of silver and
=. mauded the immediate payment of
bonds now due with the surplus in
. vaults of the treasury. The governm
has the right tn nav the honda in al q