New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-28
SILVER MEN IN POLITICS.
THE spEAKERSHIP CONTEST BEFORE THE
ST. LOUIS CONVENTION.
A STRONG RESOLUTION INTRODUCED CALLING
FOR MAN FRIENDLY TO THE METAL
PAPERS AND SPEECHES HEARD
YESTERDAY.

YESTERDAY.
ST. Iou,s Nov. o7-In the National Silver Con-
venton this morning, Delegate Morse OF Colorado IN
troduced the following resolution
Resolved That the senators and Representatives IN
the Congress OF the United states be ana arr heIrDy
requested 10 establish unit for the comasc pd sivo
with the South American states una sI id ~ oil No
coin pass current on a pan with goa ia al the
Americas Of the western Hemisphere, ana that they
also be requested TO open negotiations Win me on
gress of ali The Americas now in session in Washing
ton for the building OF a railroad IVn va.
States TO and through the states OF Sou'h A"'0l."'
After lively discussion the fcsoiu"on "' i0ie'ioU
TO the Committee Resolutions.
paper from John Thompson. vice presdeht OF Tie
Chase National Bank Of Ncw-Nork, was then resh
Mr.. Thompso thought that the movement ior more
liberal use of silver in the currency supply should DC
gradual For instance first secure the coinage OF the
maximum "a 600 900 per month and see the result
produced under that augmented coinage III MS ue-
liberate judgment this augmented coinage would pave
the way for the adoption of free coinage by acclama
ton. The paper continued;
With the dcmonetizaton Of silver began an era OF
contraction, not perhaps shown by tne aesiog S
proportion between the increase OF the currency ana
phe business Of the country when mas lhccaeu OUT OF
all proportion 10 the gTOwtn OF our aggregate clrcu
latIng medium. OF the mass Of gold In the country
obtained since resumption, some S2OOOOO0O0 Kept
In the Treasury and is virtually no par Oh ue %orh
ing currency 1t Is only drawn ont when used for
foreign shipment. Our working currency consists OF
legal tender notes. National bank notes. silver coin ana
silver certificates. The latter do not now increase a.
fast as National bank notes are retired Therefore, IL
can rtthly be said that the stock OF currency tha
does the work Of the country is slowly but surely d
minishing while the business demands upon IL are
constantly increasing. Thus, there have been two IN
huences at work tending 10 Increase the meas ui1ng
power of money in the United states
/ and consequent depreciation of property-one, the
general effect Of decentralization Of silver and the
other the contraction of the particular kind of currency
used While our dollars of silver and the silver
certificates based upon them, so lar notn mos
dollars and their representatives have been restricted
in and kept on gold basis by policy that mas
/
The characterization of silver has been ana Is
classes OF our entire population, and IL is this prefer
cnce that is driving our midde-classc, mo PVNoi1S
ard enabling nlllonaiTes 10 multiply their millions.
Nothing in my opinion, Will save our people IfOm
a social revolution SO surely a full re1nOnetHduOh
OF silver. The gold standard IS stepping s'oht
chamber of horrors-bankruptcy, pancs' suicide re-
/ pudiation. agraranism and universal poverty aHOhH
all real wealth producers.
The following resolution, offered by Mr. Jacks Oh
California was received with cheers and referred unaer
| the rules
Resolved. That the western and Southern Represon,
tave in Congress be requested 10 support some irlend
of liver for tle Speakcrshp of the present hOuso ~
Representatives, and that their failure TO 40 50 VIII
be betrayal of the people, warranting th7r poicd'
death.
The Convention then addressed by congress
man r. p Bland, Of Missouri. paper on the silver
question was read by Thomas Jordan, Editor Of The
Nrw-York Mining Record"
The convention after a recess listened 10 papers
from Judge Morris, Of Richmond Ind, and congress
man Symmes of Colorado Congressman symmes was
followed by Senator stewart, Of Nevada