Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-11-29
Te|egraphic Tidings 6
SILVER IN THE LEAD.
Congress will Have to Wrestle with "a
Lively Memorial from the
Convention.


reassembled at 2 80 yesterday, and list
ened to papers from Judge Morris, OF
Richmond, and Congressman Symes, OF
Colorado. Symes referred to an article
from John Jay Knox, in which Mr.. Knox
took position adverse to the sentiments OF
the convention, and said
And this is the man who advised con-
gress to demonetize silver from 1870 to
| 1873 because, as he argued, an American
silver dollar exceeds by per cent the
standard OF gold, and will not circulate,
but will be exported for recoinage.
Congressman Symes was followed by
Senator Stewart, OF Nevada, whose re-
marks evoked frequent outbursts OF ap.
plause. The senator's address was an
of-hand talk and seemed to suit the dele
gates better than the printed papers to
which they had previously listened. In
the course of his remarks Mr.. Stewart
said:
Nations have used lead, iron and cop
per, but finally all civilized and semi-cvil-
lied nations have decided on silver. The
use of silver is prehistoric. The first we
hear of the use of silver was as money,
while gold was used as an ornament and
later as money. For 300 years or more
these have been the metals out of which
money could be manufactured Now |
say as long as dollar can be manufac-
tured out of a given quantity OF silver or
gold, it makes no difference to the owner
what bullion he has. With either he can
get dollar, and with that dollar buy the
same amount of labor or property.
There is nothing like scarcity of
money. Poverty, the inability TO pay
debts, the inability to support family,
will make men towards. 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 people having
some money and becoming independent.
The farmers of our country to-day, in con-
sequence of the Vaccinations OF money
kings and monometalists, are losing the
independence of character for which they
have been noted. Their mortgages are
making them towards.
l will not stop to explain how this silver
demonetization fraud was committed.
There was no discussion in the senate,
not word, not suggestion in the senate
that the dollar was to be omitted. There
is nothing on the record of the senate to
show how that dollar got out. The con-
f fences of the committee don't show it, |
but we find the fact to be that silver was
omitted, and l call upon the people to ex-
plain how it occurred. There was ~ ,5O0,- |
900 900 of national debt We know OF, and
it was estimated that there is at least three
times as much other debt, county, NUM-
oin or
100000 in all. Two hundred millions in
gold and silver was being manufactured
month. The people had right to rely on
that. Now, this scheme cut off one-half OF
that supply and the debtor is bound by !
that contract.
Senator Stewart closed by urging that
there be plain demand made upon con-
gress to remonetize silver. No dallying,
no compromise, but straight demand
"Meet the CREDITOR" he said, "face to
face, for if you must yield TO him your
you might as we'll do it now as
in the future"
The report of the committee on resolu-
tions was read, recommending a memorial |
to congress demanding the passage of laws
fixing the coinage value of gold at 20 $40 |
grains. and of silver at 4l2la / grains, stand !
ard fineness; the purchase of at least
"a 100000 in silver bullion each month,
and the free and unlimited coinage Of sill
yer and gold, on full and equal privilege
under the coinage laws. After some dis
cussion these resolutions were recon-
mitted for correction.
Calamity" Weller, of Iowa, dissented
from the views of the other members of
the committee and presented minority
report in which he asked an Endorsement
of the act of congress, of 1884 by which 6
per cent of the material was taken out OF
the gold dollar coin; also an Endorsement
of legislation which made the silver dol
lar of $780, grains, nine-tenths fine, equiv
alent to the 4111a grains, nine-tenths
fine, dollar before the law and in all courts
OF record in limited payments. This, he
stated, would demonstrate faith in the
correctness Of the conclusion of the su-
preme court that the material of which
money is composed has nothing to do
with the properties impaired by congress,
and will become demonstration of a pur-
pose to finally reach financial system
which shall be as purely national as the
constitution, and as also a wise and
patriotic element in the final solution OF
the vexed tariff question.
After reading telegram from the pres-
dent of the Industrial league at Washing
ton urging unlimited coinage, the silver
adjourned until Tomorrow