The Delta independent., 1889-12-03

grains, and OF silver at 4l2J grams, stano.
ard fineness; the purchase of at least q,
600, 900 in silver bullion each month, and
| the free and unlimited coinage Of silver
and gold, on full and equal privilege under
the coinage laws. After some discussion
these resolutions were recommitted fol
| correction.
After reading a telegram from the presi'
dent of the Industrial League at Washing.
tor urging unlimited coinage. the Silver
Convention adjourned until today.
THIRD DAY.
In the Silver Convention this morning
| a resolution was offered by Mr.. Fitch oi
Nevada, providing for the appointment oi
National Silver Committee, which should
| be empowered to call another National
Silver Convention and provide for the
election of delegates thereto; also that said
| National Silver Committee be empowered
| 10 provide for the organization of Ma
tional Silver League for the promotion ol
the objects of this convention. Adopted
Mr.. Bland, chairman of the Committee
on Resolution, presented the following re
port
REPORT OF THE COMMITTEE on REVOLUTIONS
The National Silver Convention held In
| St Louis, Missouri, on November 70, u
and IS, lsS9, adopt this preamble and reso-
| luton as their deliberate opinion:
| That the decentralization OF silver hae
worked practical violation of every con
tract then existing in the United States
| entailed unwonted losses, reduced prices
more than 30 per cent, and its effect i
1I.r.r dab a.
takes from the debtor the ability TO pay.
That it causes a contraction OF currency
which reduces values until there is nc
profit left TO the farmer, planter or mer
| of small capital who depend upon the sale
of their products for the returns for then
| labor.
That we believe a certificate Of the Gov,
| ernment, backed dollar for dollar by golG
and silver coin or their deposit in the treas
! ury of the United States, Is a safe auc
sound currency and has been approved by
4 the people.
That considering the contraction caused
| by the surrender of National bank note.
4 during the last three years and the vas'
| sums that must be collected by the can
| collation. of Government bonds during the
next three years. the necessity CT restor
| ing silver is as manifest as is the justice
| OF such a policy.
That the gold and silver of the West
pouring in steady stream upon the Eas'
for forty years, has vitalized every Torn
of business there and steadied and upheld
| the credit Of the Nation through great
war and made resumption possible, ano
that what we now demand is as much more
| to the interest of the East than of the
| West as the productions of the East ex-
ceeds in value the productions Of the West
That we believe in the equal rights OF
gold and silver and free coinage of both
and that no nation ever had or ever will
have too much gold and silver coin
Notu, Therefore Be II Resolped, That
the Fifty first Congress be requested by
this convention TO provide at its first scs.
sion for the opening of the mints Of the
United States to the free and unlimited
coinage of standard silver dollars OF the
present weight and fineness, to be lega
tender for all debts public and private, equa
with gold. and that until such provision
is made that ths Secretary of the Treas
ury be required to coin the maximum o.
q, 600 ,oOu per month rs now authorized BY
law.
The chairman appointed the following
committee to prepare q memorial address.
to Congress: J. A. Grier, Pennsylvania
+. J. Field, Missouri; c. c. Goodwin, Utah
J. NJ. Peter, Virginia, and J. F. Scott
Ohio.
The delegates were given a banquet by
the Merchants Exchange this evening.