The record-union., 1891-11-19
MINING CONGRESS.
The Convention at Denver For
mally Opened.
THIRTY THREE STATES AND TER
RlTORIES REPRESENTED
Stree Parade of Miners and Those In
terested in the Industry = Judge
Searls of California to be Elected
es Permanent Chairman-Senator
Stewart Speaks on the Silver Ques-
Special TO the REcoRD-UN1ov.


DENVER Coli, Nov. 18.-The dedica-
tion of the FL Dorado Mining Stock Ex-
change building and the opening of the
first National Mining Congress was cele-
brated here to-day. This morning there
was street parade, in which miners and
all interested in mining took part. There
were also floats bearing mining machin-
cry in motion, and great many tableaux
indicative of important features of
mining.
AT the dedication, speeches were made
by President Taylor of the Mining Ex-
change, Mayor Rogers of Denver and
others. All the speeches advocated free
and unlimited coinage of silver.
In the afternoon the Mining Congress
was opened at the Peoples Theater, with
Ex-Governor Tabor in the chair. Dele
gates from thirty-three States and Terri
tories reported, and it was understood
that Hon. Niles Searls, formerly Chief
Justice of California, would be elected
permanent Chairman. The recommends
ton has not yet been reported.
The greater part of the session was oc-
cupied by Senator Stewart of Nevada,
who delivered a long address upon the
silver question. He urged the congress
about resolutions that would compel the
National House of Representatives to
pass laws restoring silver to parity with
gold. Resolutions favoring the coinage
of American product only" the Senator
said, would not obtain twenty votes in
the House. 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 circula-
ton was not enought 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 cen
tury? Want of money was the cause
Secretary Sherman after visit to Eng
land and conference with the gold bugs
returned home and surreptitiously inc0r-
porated in the bill a clause rejecting sill
Yer. If this had been done to gold it
would not be worth twenty-five cents on
the dollar. If it should not be used for
money it would have no commercial
value, but silver was universally circu-
lated. 1t could not be destroyed, but it
could be deprecated. There was no sur
plus bullion in the world previous to
1880. The entire product was used for
commercial purposes.
''Great Britain was constantly selling
silver short. The interest payments Of
that nation were $50, 100000 annually. and
were derived from the sale of silver.
When silver went up last year England
sold twice as much as the requirements
of the nation demanded, and they would
do this as long as silver remained COM
modify"
He protested against the long dollar.
The country was being robbed The
middleman was growing rich and the
producer poorer, because they made the
long dollar. Enough dollars could not
be found to pay their debts, hence the
stagnation and hard times.
After other addresses the convention
adjourned until tomorrow.