Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-02
ALL FOR SILVER.
FurlheT Proceedings at tho CclYsl.
ton In Chicago.
ADDRESSES AND RESOLUTIONS.
Meetings in the Central Hall To-
day.-Ex.Sonaior ,llilPa
Speech.

Central Music Hall auditorium, which
3, car able Of seating over 5000 people
vth comfort The committee on per-
uluent organization reported for per.
q,,neot chairman. Allen W. Thurman
ohio; ior secretary, Joacph Hutch
,Y.on OF Colorado, with two assistanto.
Also that vico.pfcsldcut be appointed
i'y each state, the selection 10 DO made
ty each state delegation.
A committee on resolutions was ap-
pointcd, including the following mem.
rsri AHzona, j. NJ. Murphy; Call.
6Tpia, Daniel NJ. Burus; Colorado,
Thoma. NJ. Patterson; iuaho, q. v.
Bryan; Nevada, II. Z. BartinV; Mon
iaTa, h. y. Mats; New MeNic3,
Hiram Hadiry; Utah, Q. q. Goodwin;
washington, Patrick Clarke; wyo.
ming, J. j. Hart.
the question OF preparing an address
10 the people hnd a memorial 10 Con.
crts was referred to the committee
oa tofolutious.
rnURAtAS's ADDREss.
Then Permanent Chairman Thur
mau WAS escorted 10 his seat amid
.fu,h. He said In part;
"5bOuld the Sherman law be re-
psalrd without any substitute in lieu
thereof, Il means the final destruction
Of oliver money M n measure OF value.
The Issue resolves itself down to the
question whether the paper money Of
me country ~ 10 DO Issued by banking
cofpofations, upon the debts Of the
.....s.t. ..a .fItar nNuNu 81 suFpuNnt. aaett.
lilies, VI whether II IN TO rect upon the
brosd aud saie basis Of gold aud silver
"G0ld alone certainly cannot afford
sufficient basis upon which the amount
VI circulating medium required by the
people Of this country can safely rest.
IL this IL not 70, why ~ II that when
ever Ruy considerable amount OF gold
begins TO How from One country to
another, in obedience 10 the natural
laws Of trade, that we Immediately
hear cries Of distrest2 IL things arc as
they should be, why Is there any dan.
rerbtcause a certain amoHnt OF metal.
Ito money leaves the country
"rho condition Of things existing
today shows that n our circulation
medium IN 10 rest upon gold alone,
practically the whole OF II will be based
simply GA faith, and faith means fiat
money.
"But there Ia no need OF fiat money,
for, while II IL truo there II not suiil-
Gent amount Of gold, yet theirs 10
enough real money, gold and silver,
upon which our currency eau safely
rest, and II the people Of this country
are only true 10 their principles Of
hard money, taught them by their
fathers, those who seek now TO issue
Hat money will be doomed to dlsap.
pOintmont.
"Whon the people Of this country
awake 10 the fact that there n being
made . Systematic attempt 10 force them
TO pay the obligations OF this govern
ment In gold alone, when they have
always had the right to pay them In
gold or silver; that the contracts they
made with their creditors are 10 be-
violated, l for one, have not the
slightest doubt whore they will stand. !"
Thurman referred to the cRtchpenny
phrase, continually used in high places,
Of "a sound and stable currency" and
said no had no doubt that this phrase
will be used In Cleyeland's message 10
Congress. He wanted the President OF
the United States 10 tell the people OF
The country and the members Of Con-
gTein what lao means by "A sound and
stable currency" and 60 tell the people
why ho thinks gold alone will make
that.
Thurman asked 10 present resolu.
ton that might be considered with the
others that might come before the con-
vention. IL 10, "First, let our adver-
saflts ngree TO the free coinage OF silver
- IA az a 10 4 4
iofmer III they do, we will agree 10
lntluneonditional repeal OF the Sherman
law. Next, amend the national bank.
ing laws 70 rs to permit any national
Oanh 10 issue notes up 10 the face value
OF 100 per cent upon n deposit OF 8O per
ceui with the United States treasury
either In United States gold or silver
coin other than Subsidiary silver, and
lullher almond by repeating the tax on
national bank circulation. IL n bank
should fail there would be for the 70.
uemption OF It's notes the 90 per cent OF
gold or silver coin. For the other 10
per cent the bills receivable OF the
TANK would DO available and under
Tue present System II would be an utter
iuipossibility for bank TO fail, and
we whole Of Its bills receivable DO
Worthless"
STATES REPREsENTED.
Ths committee on credentials
showed iofty.two states and territories
,vpresenIed ana $40 delegates entitled
10 seats.
I, V. Powderly, general master
workman Of the knights Of Labor
Sa1Hltesed tho convention briefly.
twenty-five thousand Knights Of
Lauot" said he, ''stRnd today ON the
verge VI ruin. In our western states
lO'VOO arc already idle, and 10000 have
slNiheu inc TO como here anu Hay that
Me west ia In danger from those who
would demOuetize silver and drive ~
",m the country"
Ignalius Donnolly was then called
sPuh anu spoke for hall an hour. He
p1ke "of the great European CON
piracy against silver, aided by co.
s4lul0ra In American
ihe committee ON resolutions, last
W,hlng, made ex-senator Reagan
ggalrmgn anu Robert Schilling, Of
Wseonsln, secretary. A subcommittee
whslsting OF Mcssrs. Reagan, Bryan
Ne0rasku, Patterson ot Colorado,
nNllhu OF Nevada, Donnelly of Min
sa'auta, George NHehturn Of Massa-
u'elts, anu Manning OF Alabama,
WE selected 10 drAfi resolutions.
aoDAY's PRoOEEDINas.
lhe silver convention resumed its
''on this morning. Owing 10 tho