Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-08-03

for pure metallic financial troubles - 70
onsn the mints of the nation TO gold ana
silver on equal terms at the old ratio
Of 10 of silver TO l of gold. whenever sI-
yer bullion can be exchanged at the mlnls
of the United States for legal tender SILVER
dollars worth one hundred cents eacn,
that moment 4l21{ grains Of standard silver
will he worth one hundred cents; and as
commerce eoualizes the prices OF all com
modities throughout the world whenever
4lol6 grains OF standard silver are worm
100 cents ia the United States they Will
be worth that sum everywhere else, ana
cannot be bought for less. While IL would
ma urged that such result would enhance
the nrice OF silver bullion, IL is sur
fcient for US 20 know that q similar case
would be Immediately made IN tae
prices OF every kind Of property except
gold and credits in the civilized WorId. ~
would be shallow selhshness that WouId
deny prosperity TO mining industries az
the cost of bankruptcy 10 the whole people,
The legislation 10 demonetiZe silver has
given an unjust increase 70 the Va!ue ol
cold at the cost Of the prosperity OF man,
kind. wheat and all other agricultural
products that have ridden side by side with
silver -,
OF July IA. 1890 was device OF the enemy
to prevent the restoration or Tree coinage,
ans il greatly Objectionable because II con-
tinues the practical exclusion OF silver
from the mints and reduces II from
money metal 10 a commercial commonly,
nevertheless It's repeal, without tue
restoration of free coinage, would stop tue
expansion Of our currency required oy our
growth in population and business, Wlhen
still farther the distance between the TWO
precious metals. thus making the return
10 bimetallism more difficult; greatly IN
creases the purchasing power OF gold, sui
further breaking down the price OF
the products OF the farmer, LABOR
ers. mechanics, and the tradesman, ana
plunge still further all commerce, business
and Industry into such depths Of wretch
eduess as 10 endanger peace, the preserya-
ton Of free institutions, and tue very
maintenance OF civilization, we therefore
in the name Of the Republic aud humanity,
protest against the repeal OF SAID act OF
July Il, 1920, except by an act restoring
free bi-metallic coinage, as existed prior
70 1S73 We suggest that
the maintenance Of Di-metallism
bv the United States at the ratio Of 10 TO
will increase our commerce with all the
SILVER using countries Of the world contain
ing tWo-thirds OF the world without de-
creasing our commerce with this nation,
which buy our raw material, and Will COM
pel the adoption Of bimetallsm by the ma
tions Of Europe quicker than any other
means
Fourth-We assert that the unparalleled
calamities which now atilct the American
people are not due 10 the so-called Sher-
man act Of 1890, and in proof thereof we
call attention 10 the fact that the same eyii
conditions now prevail over all the gold
sd rrnrlA Wa convinced that
bad as is the state Of affairs in this country
is. il would have still been worse but for the
Sherman act, by which the nation has
obtained TO some extent an expanding cir
culation to meet the demands OK a contl-
nent in process of colonization and the busl-
ness exigeucies Of the most energetic and
industrious race that has ever dwelt on the
earth, and we insist upon the existing law
without evasion SO long as IT ls upon the
statute books, and upon the purchase
OF the full amount Of silver each month
that il provides for, to the end thAt the
monthly addition 10 the circulating medium
the law REQUIRES shall oe maintained.
Fifth-That we would call the attention
of the people to the fact that IN the midst
all the troubles of the time, the value OF
the national bond and the national legal
tender money whether made Of gold, silver
or paper has not fallen particle. The
distrust is not Of the government or It's
money. out of the banks which have, as we
believe precipitated the present panic on
the country in an III advised effort
TO control the action Of Congress ana the
silver question and the issue Of bonds. We
invite the bankers to attend to legitimate
business. and permit the rest OF the people
10 have their full share in the control Of the
government In this way they will do much
TO restore that confidence which is 50 nec-
essary to the prosperity OF the peo-
ple. II must not be forgotten
that while boards Of trade
chaub bers of commerce, bankers or money
dealers are worthy and valuable men In
their places, the Republic can more safely
repose upon the great mass OF its peaceful
toilers and producers; aud that this "Ousl-
ness mans agen is rapidly eXterminatlng
the business of this country. The time
has come when the politics Of the nation
should revert, as far as possible, TO the sim
ple and pure condition out OF which
the Republic arose. We suggest for the
consideration of our fellow citizens that re-
fusal of the opponents Of bimetallism TO
propose any substitute for the present law,
or TO elaborate any plan for the future, in
dicates either an ignorance OF our financial
needs or an unwillinGness TO take the pub
lie into their confidence: and we denOuuce
the attempts TO Internationally repeal the
sherman law as au attempt 70 secure mon
ometallism, In fragrant violation Of the last
national platform of all political parties.
For the consideration OF the cOnven-
tion, but not as part OF the platform
the committee reported the following,
which was adopted:
The committee further recommend that
this convention Immediately appoint
committee, composed OF one member from
each State aud Territory, 10 be selected by
the respective delegations, 10 act in con-
junction with the American Ma
tional Bi-Metsllic League jointly,
70 devise plan and 70 provide
ways and means TOR impressing upon Con-
gress and the people the impending perils
from 6nsl decentralization Of silver and
the adoption of single gold Standard
Cyclone Davis, Of Texas, proposed an
amendment 10 the second clause which
was accepted as satisfactory TO all. IL
struck out the word "Oasisn aud inserted
in lieu thereon the word standard OF
valuen
On motion Of Mr.. Reagan the resolu-
tions were now adopted by acclamation.
Among the gentlemen appointed by the
various State delegations as the CON-
mittee on ways and means were:
Minnesota, Ignatius Donnelly; Penn
sylvania, Victor A. Lotier; Ohio. Allen
w. Thurman; Tennessee. K. A. Pierce;
Virginia, l. L. Johnson; West Virginia,
w. c. Raleigh.
On motion Of Congressman Bryan. OF
Nebraska, the address OF Chairman
Warner Of the Bi-metallist League yes
terday delivered was adopted as the
address OF the convention to the Ameri-
can people. Cyclone Davis. of Texas,
now got the floor long enough to
read dispatch in an evening paper
stating that Secretary Carlisle had been
to-day in consultation with New YORK
bankers on Wall street 10 see what they
ansirnd done 70 meet The nrasant crisia