The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1889-12-04
INDIANA SENTINEL. WEDNESDAY, DECEMBER 1889

mony to-day OF mining operations conducted
| 1900 years ago that exceed anything in modern
| times. Two thousand years has not been able
TO hide the landmarks which she then made in
| the search for gold or to etace the history or
| the cruelty she pcrpetrated by her armies In
| enslaving men in the mines of Spain. But as
she went on accumulating gold, property was
/ going up, the whole empire was employed
| during several centuries, and until the time OF
Augustus, when she was in the zenith, it is esti-
/ mated that she had from 500 to 1000 millions
/ of money, gold and silver in circulation in the
/ Roman empire. She besides this, had vast
amount of plate. Then came internal dissen-
1 tons. Mining ceased, the empire was rent in
| twain, broke in fragments aud invaded. Money
was borrowed and lost and she kept growing
| poorer and poorer until the end of the seventh
century, when she had lost the great majority
! of ii. The civilization of the world went on
for 700 years, poverty and debts growing abil-
/ ity to pay growing less all the time. No man
had any courage in those days. No man could
assert freedom and independence. Why, | tell
you, there is nothing like scarcity of money.
Poverty, inability to pay debts, inability to
support family will make men towards.
[Applause.l
The creation of the great middle classes of
England was brought about by the discovery
of gold in Mexico and South America. Free
silver in Europe was the cause of the people
having some money and becoming independent.
The farmers of our country to-day, in conse-
quence of the Vaccinations OF the money kings
I
dependence of character for which they have
been noted. tApplause.
Their mortgages are making them towards;
there is nothing that makes man coward so
quick as mortgage on his farm and TO have
his creditors pressing him. [Applause.l
/ will not explain to you how this silver
characterization fraud was committed. / was in
the senate when the bill passed. did not
know it. ] had no means ofknowing it. / did
not know that any such scheme contem-
Mated There was no discussion in the senate
not a word-not suggestion in the senate
that the dollar to be omitted. There is
nothing in the record OF the senate to show
how that dollar got out. The conferences of
| the committees don't show, but we find the fact
| to be that silver omitted, and | call upon
| the people to explain how il occurred. Ii NAV
have been mistake. Who made the fraudu-
| lent dollar? The men who clandestinely got
the bill through and who seemed to take
| charge OF the fraud.
A Delegate-"Mr Stewart are the people
| bound by that fraud?"
Mr.. Stewart-'They are bound as long as they
submit and no longer" [Cries OF h. hi, and
| loud cheersl. They are bound to that extent
and no more. This trick in the senate was
played for some motive. Let us trace it back
| to see what that motive was. There was
| 100000 of national debt that know
of. 1t is estimated by statisticans that there
is from three to five times as
| much other debt consisting of county
municipal and private debts of individuals
and corporations, as national debt. Suppose
| this only three times much, that would
make hundred thousand millions of debt in
! all. When that debt was contracted the people
| had the right to rely upon the supply of money
| coming from the West. Two hundred millions
| of gold and silver was being manufactured in
! America. They had a right TO rely on that, and
| to make their calculations on that. Now this
scheme cut OF one-half of the supply. and the
| debtor is bound by that contract When you
| get in debt you sell money short, and you agree
| to deliver something that you have not got at
the time If it is dollar you have contracted
to deliver you are, in the language of the street.
| cinched.
We knew before the report was made what
must be the result of the investigation in
| Europe. We knew the powers that were at
work; we knew very well that the law of sup
| ply and demand would make the price Of
money go up and the price of property go
| down; we knew that--aIl of us knew il. 1t did
rot need any philosopher to tell you how it
would be. The royal commission ascertained
| the fact and made il public. They ascertained
1t and put 1t in learned language, but all the
same it is the fact. The world has suffered
and every age has suffered and ali have
suffered everywhere except the bondholders.
| The whole world is suffering the same as we
are.
Senator Stewart closed by urging that
there be plain demand upon congress to
remonetize silver No dallying, no COM
/ promise, but straight demand.
"Meet the creditor face to face, he said
''for if you must yield to him your property
you might as well do it now as in the
future"
ST. LOUIS, Nov 2S.-The delegates to the
! silver convention filed into the convention hall
slowly this morning il being known that the
committee on resolutions was still engaged in
/ its work of revision. Chairman Warner in
| he m tate hat no
| order of business would be first the report Of
! the committee on resolutions but that any
| other business could be taken up while await
| ing the pleasure of the committee. a resou-
ton was offered by Mr.. Fitch of Nevada, pro-
| viding for the appointment of q national silver
| committee, which should be empowered to call
| another national silver convention and pro-
vide for the election Of delegates thereto; also
that the said national silver committee be en-
! powered to provide for the organization of
state and national silver leagues for the pro-
motion of the Objects of this convention.
| Adopted. The following were appointed as
such committee.
Alabama, AlonzG Erwin Arkansas. John c.
Nc1dden: nistrc Of Cninmh % LANES
Illinois, w. +. Phelps OF ElmWOod, Indiana,
Thomas II. Nelson of 1orre Haute; Kansas viii
souri, Col john DoniPba1; Michigan. The Hon. BEN
jamin Colvn; Montana. Charles +. Mnsngrode;
Nebraska, Allen Root; Nevada, the Hon Thomas
Kilburn OF Columbus; r. nBsylvania, John A. Cirer;
| Texas, Charles Longuenare; Tennessee, Andrew j.
| Keller: Virginia. John l.. Cochran; Utah William
| +. James salt Lake; Wyoming, NJ. n. Grant; Iowa,
| the Hon. L. IL. Weller
Congressman Bland, chairman of the com.
mittee on resolutions, presented the following
report:
The National silver convention, held in ST. Louis,
Nov. IS y and 2s. 1889 adopted this preamble and
| resolution as its deliberate opinions:
That the demOut tizatiOn OF silver has worked a
practical violation of every contract then existing in
| the United States, entaiied uncountcd losses re-
duced prices more than 30 per cent. and its effect Is
practically TO make debts perpetual il takes from
the debtor the ability to pay that H. contrac-
ton in the currency, which reduces the value until
there profit the farmer planter or men of
small capital, who depend upon the sale If products
Tor returns for their labor.
| That we believe the certificate Of government
backed dollar for dollar by gold and silver coin, on
their product in the treasury Of the United States
is safe and sound currency, and has been approved
by the people.
That, considering the contraction caused by the
| surrender OF national bank notes during the past
three years aud the vast that be collected
by the cancellation OF government bonds during the
next three years the necessity OF restoring silver
as manifest as is the justice OF such a policy.
That the gold and silver OF the West pouring 10
steady upon the East for forty years ytazed
held the credit OF the nation through the great
| and made resumption possible, aud that what we
now demand IS rs much more to the Interest of the
East than OF the West the productions OF the East
| exceed in value the productions OF the West
| That we believe In equal rights Of gold and silver
and tree coinage for both, and that nation ever
had or ever will have too much gold and silver coin.
| Now, therefore, be il
quested by this convention 10 provide its first
sion for oppnpg the minis of The Sfatr. 70