Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1892-12-13

by onti-6liNer men.
Fifth-That the free coinage Of silver
never has and novor will drivopold from
the country; that gold bullion is not
worth ITS money value anywhere in the
land except at the very doors Of the
mints; that the value OF the metal in the
open market contained in any com should
never be fully equal TO It's value as
money for tho reason that when the bul
lion in a dollar becomns worth more as
bullion than as money il will go out Of
circulation and not before; that the free
coinage Of silver would not drive out gold
from this or any other country is con
clusively shown from the fact that
France since her war with Germany bias
gained and is still keeping in circulation
s7OO,OOO,OOO OF silver coin and in the
meantime has gained more gold than all
Europe combined, while we have gained
more gold since the passage Of the silver
act Of 1873 than any other nation in the
world except France.
Sixth-That the international none
tary conference now in session in Europe
to which delegates have been appointed
from this country can, in our opinion,
result only in the accomplishment Of
that which the mono-metalists desire to
bring about, towit: The purchase Of a
limited amount Of silver to be coined
into "cart wheel" dollars, and to defeat,
if possible a flee coinage Of silver at the
present ratio. That the United States
government is competent and able TO
provide for the coinage OF its own money
the authority for which is amply set
forth in the constitution Of the United
States.
Seventh-That the wealth producers
of the nation are being robbed Of a large
proportion Of the wealth they create, by
a contraction Of the circulating medium,
and that the increase Of population with
out a corresponding increase OF circu-
Iating medium is contraction which
always benefits the rich TO the detriment
OF the great wealth producing classes.
=, That we therefore call upon our repre-
sentatives in congress to establish a
per capita circulation OF not less than
! $40 to DO maintained as nearly as posi-
BILE and to accomplish this We demand
. the free and unlimited coinage Of silver
as well as gold and if this 10 not sufficient
to maintain the above per capita c%ircula.
ton, then we demand the Issue of q
! paper currency sufficient in
2 volume. based upon the two metals tC
accomplish the above per capita circula.
ton. r
There was considerable discussion
over the resolutions and sections ,, 3
4 and 5 we're stricken out and that por
= ton Of section seven which refers to the
! issue of paper currency was also strick
en- out. Pending the discussion of othe
resolutions the following report was sub
mitted:
To the chairman and members of thu
Southwest silver convention:
Gentlemen: We, your committee OF
!. fixing the time and place for holding
the next session Of the Southwest silyeI
convention" beg leave to submit thi
our report. That after due and careful
, consideration we recommend to thi
convention that hereafter the sessions o
; the Southwest silver convention be hel,
, semi-annually. The first session for thI
!, year 1898 on the 4th and 9th days o
July, at the city Of Silver, in the Count.
i" Of Grant, Territory Of New Mexico.
al [Signedl JOIN w. FLEmING
WIN. BURNS, Chairman
!. Secretary.
The convention then adjourned Il
Thursday morning at $50.
. The first business before the CONVEX
ton Thursday morning was the adoption
Of a resolution in reference to the organ
~ization of a Pan American BlmetallI
Association. The headquarters Of tn
association are at Denver until the con
vention Of the association DO held mex
October. The officers Of the association
', are A. G. Fisk, of Denver, president
n II. G. Phelps, of Denver, secretary
- Dennis Sheedy, of Denver, Treasures
- There was named one vice president an
three members of the executive commit
tee from each state and territory repre-
:, sented. After the adoption Of NOR
resolutions the convention adjourned {
meet in this city on July 4th.
-