Western liberal. (Lordsburg, N.M.) 1887-1919, 1891-12-25
SILVER CONVENTION RESOLUTIONS.

adopted at the El Paso Silver Coryen-
tiou.
PREAMBLE miners Of the
southwest in mass convention as
sembled at 81 Pauo declare them
selves unanimously for the free and
unlimited coinage OF silver and its
complete restoration as legal tender
money. Also that We ask Of congress
the exemption OF mining property
from the provisions Of the alien act
and to further. these propositions We
recommend the following detailed
resolutions:
RESOLVED, That the convention
adopt and approve the following pro-
position and recommend it to the
favorable consideration Of congrss:
The friends Of silver coinage should
have a definite policy In view and
should work as a unit to secure its
adoption. They shonld seek FIRST the
repeal OF the requirement to purchase
silver bullion and issue treasury notes
thereon. Second, the reopening Of the
mints Of the United to equally unre-
strictnd coinage OF gold and silver
into dollars OF the present standard;
these gold and silver dollars to be ex-
actly equivalent to legal tender, units
Of account in the Unsted States.
Third, Provide that the deposltor
OF gold or silver at any mint at his
option, instead Of coin, but at the
coin valne, receive United Seates
legal tender notes.
Fourth. Require that the depoSl-
tors preference for notes instead Of
coin shall be allowed on condition
that the treasury shall, at It's option,
redeem the notes in either kind Of
coin.
Fifth. Authorize the secretary to
prescribs, from time to time, the
terms and regulations under which he
will redeem in bullion at the coin value
thereof, upon request of the note
holders.
Sixth. Require a. sufficient annual
coinage Of the deposited gold and sill
yer, and lcaye.to the discretion Of the
secretary Of treasury the coinage Of
the remainder.
Seysnth. Provide to reserve in the
treasury OF the deposited gold and sill
yer, coined and uncoined, an amount
equal!to the AMOUNT Of the notes out
standing; that is to say, that the total
sum OF the notes outstanding at any
time shall not be more nor less than
the total sum of the gold and silver
coin and bullion at coin value reserved
for their.redemption.
Eighth. Forbid all further issuing
gold certificates, silver certificates, and
treasury notes. under the act Of July
II, 1890, and require that all OF these
which come into the treasury shall be
cancelled and destroyed.
Ninth. For such of these as shall
be received for customs and other
public dues and Cancelled, substitute
in the treasury like sums OF the pro-
posed new notes, secured as provided
and redeemable as prescribed.
Tenth. Allow nothing in the act to
be construed as altering any require
ment OF law pretGining to the rights
and security OF holders OF any Of the
treasury notesa nd certificates at any
time outstanding.
Eleventh. Provide that II, and
whenever, the United States is au-
thorltively advised that the mints OF
continental Europe are again open to
equal and unrestricted coinage for
their standard gold and silver money
the president OF the United States
shall thereupon, but not before, pro-
claim our adoption forthwith OF
Europsis coinage ratio; that will be to
REQUIRE thereafter 400 grains OF stand
ard silver, 800 grains pure, for our new
standard silver dollar coins.
Twelfth. Include the requirement
that our mints shall thereafter pur-
chase any outstanding silver dollars OF
the present standard of 4l2i grains,
37lt pure, at a premium Of three cents
each.
Thirteenth. These latter provisions
to be carried into effect by our own
Legislation without the ENHANCEMENT
of treaty stipulationS.