The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-19
MINING CONGRESS,
Thirty three States and Terri
tories Represented.
First Session Preceded by the DediCa-
tiOn Of an Exchange Building.
Address by Senator Stewart Of Nevada on
the Silver Question Unlimited COin-
age Advocated.


DENVER (Col0), Nov 1S.-The dedication
Of the Ell Dorado Mining Stock Exchange
Building and the opening of the First Ma
tional Mining Congress was celebrated here
to-day. This morning there was street
parade, in which the miners and all inter-
ested in mining took part. There were also
floats bearing mining machinery in motion.
and great many tabeaux indicative Of
important features of mining.
At the dedication speeches were made by
President Taylor of the Mining Exchange,
Mayor Rogers of Denver, and Others. All
the speakers advocated free and unlimi ted
coinage of silver.
In the afternoon the Mining Congress
opened at the Peoples Theater with ex-
Governor Tabor In the chair. Delegates
from thirty-three States and Territories re-
ported, and it was understood that Hon.
Niles Searls. formerly Chief Justice of
California, would be elected permanent
Chairman. The recommendation has not
yet been reported.
The greater part of the session was &C.
cupied by Senator Stewart of Nevada, who
delivered long address upon the silver
question. He urged the congress to adopt
resolutions that would compel the National
House of Representatives to pass laws re-
storing silver to parity with gold. Resolu-
tions favoring the coinage of the Ameri-
can product only. the Senator said, would
not obtain twenty votes in the Assembly.
The gold ring has repudiated silver, and
they have reduced the issue of commercial
paper TO the narrow limits of gold. AS a
consequence, the farmers are growing
poorer, and the history of bank failures
showed that their circulation was not
enough TO keep the banks in reserve funds.
Why should there be hard times with
twenty years OF peace? Why should times
be worse than at any other time In the GEN.
tury? The want of money was the cause.
Secretary Sherman, said the Senator,
after visit to England and a conference
with tha goldbugs, returned home and sur
reptitiously Incorporated in the bill a clause
rejecting silver II this had been done to
gold 1t would not be worth % cents on
the dollar If ii should be used for
money, it would have no commercial value.
But silver was universally circulated. 1t
could MOI be destroyed. but 1t could be de-
preciated. There was no surplus bullion
in the world previous to 1890. The entire
product was used for commercial purposes
Great Britain was constantly selling silver
short. The interest payments of that
nation were $50. 900, 600 annually, aud were
derived from the sale Of silver. When sill
Yer went up last year England sold twice as
much as the requirements Of the nation
demanded and they would do this
rs long as silver was commod-
ity. He protested against the
long dollar. The country was being rob-
bed the middrman was growing rich and
the producer growing poorer, because the y
made the long dollar. Enough dollars could
not be found to pay debts; hence, stagna-
tion and hard times. After other addresses
the convention adjourned until tomorrow.