Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1889-11-09
THE SILVER CONVENTION.

At st. louis. on the Goth instant
there will be a gathering OF able men
from all parts Of the United States
90 consider the nll.imporiant silver
question. An address has been is
sued 10 the people OF the United States
setting forth facts regarding silver
which is of vital importance to all our
people, particularly 10 those OF the
Great West. The promoters OF this
convention have promulgated reasons
for prompt and immediate action upon
this all-important question that can
not be Iefuted. And the time is near
ut hand when the people will rise up
in their majesty and power and de-
mand that the shackles which have
bound them year after year, notwith-
standing their oft-repeated appeals To
Congress for relief, shall be unlocked.
The people need the rehabilitation Of
silver as one OF the money metals OF
the country rs contemplated by the
constitution under which they I've.
They need also more of the circulating
medium 10 carry on the business oil
the country. The object Of this CON
vention is to impress upon our Ma
tional Legislature that the people o.
the west are in earnest in presenting
their claims for redress Of theil
grievances. the "go.d bugs" ant
sbloated bondholders" OF Wall stree
20 the contrary notwithstanding. Thu
following are few Of tho reason
assigned for calling convention o
the people Of the States and Territorie
10 meet as above mentioned:
Since the decentralization OF silve
by the leading nations OF the oil,
world, followed by the same move
ment on the part OF the United States
we have seen a corr espondingiy stead.
decline in prices Of commodities every
where: depression In trade and bust
ness enterprises almost unparalleled il
history.
We have seen in this country
financial panic Chat OF IS73A), fol
lowing closely upon the suspension o
the coinage OF silver by Germany
France, the Latin Union and th
United States, such ms never before IL
our history crushed the spirit Of on
people.
M. .i....,... :t;.nt;.>,, ~ .:t..o- ~u,-f-o<
by lazy, q practical contiscation OF th'
earnings of labor, the products an,
property OF debtors, and transferred
them without adequate consideration
20 the Golfers Of creditors, and de
pressed the markets for labor and il
products throughout the world.
Although in this country there hai
hesn partial restoration OF silvel
coinage by the Act of February 20
1878, yet that Act, which authorized
and required the Secretary OF tn,
Treasury to purchase and coin no
less than $4,000. 600 nor more thar
$4,000, 600 worth Of silver bullion pc
month, has not been executed in tn
spirit in which 1t was enacted. Tn,
minimum OF only $2,000,000 pc
month has been the constant and nj
most unvarying rule governing th,
treasury officials in the purchase an,
coinage uf silver bullion, by virtue o
this law. The consequence has been
that all commodities. measured II
terms Of money as fixed by an arbi
tary gold standard, have declined from
year to year till the present time.
The panic OF 1873 still fingers will
lis. Now and then short revivals o
business prosperity have taken place
hut they were OF very short d traitor
and were quickly followed by lonl
periods OF lower level in prices.
Thoughtful men and the ablest pc
iitical economists oil this and othe
leading nations, have called attention
10 the fact, that the suspension of TIN
use OF silver as one of the none,
metals, has been the main. II not th,
sole cause, of this trade stagnation.
The question il, what shall b
.donef" We believe that our Senator
and Representatives in Congress
should be urged TO restore silver to il
ancient use as money, by giving 1t fire
coinage. This will place it on al
equality with gold, and we believe at
par with that metal. Until this !
accomplished, IL should DO earnesll
insisted upon that the MAXIMUM
amount of ~ ,000. 900 worth Of bullion
should be coined per month.