Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1889-12-07
THE SILVER coNvENr,oN.

st. Louis on the 26th ult. TO take
action on the all-important silver
question. In the published pro
we note the names Of
Major Cayanah, Ed. Coffin and
Major Hyndman on several i'm
psrtant committees. After thorough
organization the convention adopted
the following:
The National Silver Convention
held in st. Louis, Missouri, Novem-
Der 26th, 9th and 2Sth, 1889,
adopted this preamble and resolu-
ton:
WHEREAS. II is their deliberate
opinion that the demonstration Of
silver has worked a practical viola
ton Of every contract then existing
in the United States, entailed I'M
wonted losses, reduced prices more
than 80 per cent and its effect is
practically to make debts perpetual,
and ii takes from the debtor the
ability to pay; that it caused a con-
traction of currency which reduces
values until there is no profit left to
the farmer, planter or men of small
capital, who depend upon the sale
of their products for returns of their
labor; that we believe the certif-
cate Of the Government, backed,
dollar for dollar, by gold and silver
coin on deposit III the Treasury Of
the United States, is a safe and
sound currency and has been APP
proved by the people; that, consid-
ering the contraction caused by the
surrender OF National bank notes
during the last three years and the
vast sums that must be collected
by tho cancellation of Government
bonds during the next three years,
the necessity Of restoring silver is
as manifest as is the justice of such
a policy; that the gold and silver Of
the west, pouring in a steady stream
upon the east for forty years, vital
lied every form Of business there
and steadied and upheld the credit
of the Nation through the great war
and made resumption possible, and
that which we now demand is as
much more to the interest Of the
east than of the west, as the pro-
dnctions of the east exceed in value
the production of the west; that we
believe in the equal rights of gold
and silver and free coinage for both,
and that no nation never had or
will have too much gold and silver
coin; now, therefore, be it
i Resolved, That the Fifty-first
Congress be requested by this con.
vention TO provide, at its first SEES
sion, for the opening of the mints
for free and unlimited coinage OF
standard silver dollars of the present
weight and fineness, to be legal
tender for all debts, public and
private, equal with gold, and that
until such provision is made, the
Secretary of the Treasury be re
quired to coin the maximum
"a, 100000 worth of silver pei
month, as now authorized by law
Hon. Tom Fitch of Nevada de
livered "the speech" of the conven
ton. In an exhaustive review o
the labor difficulties he laid all o
the blame for the prverty-stricker
condition of the working classes a
the door of the capitalists who de
monetized silver.
"For twenty years." said he, wv
have had abundant prosperity, blu
: at the end Of it we find the wealth
J centered in few hands. VIVA
has the laborer to show for hi
twenty years Of toll? He can beas
that the aggregate wealth Of tn
Nation has largely increased, Q
: factories established, cities erected
rivers bridged, transcontinenta
highways, reaching from ocean =
! ocean. He can call the roll of mil
, lionaires and thousands will re
spond, where before the war Their
( were less than 800. He can wip
, the sweat from his weary face an,
reflect that among the 5000 mil
lionairs may be enumerated tn
| names of twenty Americans VIII
have gathered 81. 500, 100000 from
a the toll and tears of 60,000,000 @
people. He can walk, weary ant
sheiterless, in the shadow Of tn
palace he has built, but may nc
enter.
: seek not to assail the rights {
capitalists, or arouse against Their
the prejudices Of poverty or ur
! thrift, but for twenty years capita
! has tempered with the people
7 money and gathered TO itself illici
: gains by increasing the burdens {
n industry.
The fight for the restoration {
! silver, is a fight for the debtor
against the creditors, labor againi
capital, poor against rich. II
v idle for the non-metalists TO tell U
v prices have been reduced becaus
/ of the increased production in Indi'
. This may be the approximat