The Red Cloud chief., 1893-08-04
SILVER CONVENTION.
WHITE METAL ADVOCATES IN SEES
SION AT CHICAGO.
Speeches Made by Thurman, roxderIy,
Donneiiy and Bryan-Eight Hundrcd and
Ten Delegates. Entitled to seats-Con
mittee on Resolutions In Session.

hiteT TeCcSS, IL was ~dIlnOuIlCeu tudt NcH'
trail Music hall had been secured for the
remaining sessions. The floor and first
balcony of this hall have a seating capac.
ity of 1900, and they were crowded.
When General Warner called the con-
vention to order at 2:jO o'clock the com.
mittee on permanent organization re-
ported the permanent organization Of the
convention in this order: Chairman, Al
len w. Thurman Of Ohio; secretary, Jo-
seph Hutchinson Of Colorado; assistant
secretaries, Log Crandall Of Washington
and Amos Simpson Of Illinois; sergeant
alarms, Champion s. Chase Of Ne.
braska.
The Illinois delegation had consider
able trouble in selecting its members Of
the committee on order, and finally A.
j. Streeter of Illinois, the venerable ex.
greenbacker and ex.presidential candi-
d2te, was selected. After this tho roll
was called for members of the com.
mittee on resolutions and these were
chosen by the respective state delega-
tons.
Among the well known men named as
vice presidents were: Captain Jack
Crawford, the frontier scout Of New
Mexico; T. v. Powderly, general master
workman of the knights of Labor;
Martin McGinnis Of Montana, ex.Sena.
tor j. II. Doolittle Of Wisconsin and
Congressman Bryan of Nebraska. From
The committee on credentials anne q re-
port that $40 delegates were entitled to
vote and that they came from AZ states
and territories. By this time the decks
had been cleared for the permanent or
ganization and Allen w. Thurman was
welcomed with cheers when escorted to
The platform.
Chairman Thurmau's Speech.
Chairman Thurman said: The fight
between those who believe that the cir
culating medium Of this country should
be hard money-that is real money, gold
and silver, and paper redeemable in the
same-and those who believe in the use
Of soft money, that is paper, promises to
pay money, redeemable in other promises
to pay, is on. Since the late demand in
the east to have the government issue
bonds and the cry that is now made for
The unconditional repeal of the Sherman
law, charging 1t, regardless Of facts,
with all the ills that flesh is heir to,
ought to make this perfectly apparent to
every thinking man, for should the
Sherman law be repealed without sub
'tituting anything in lieu thereof, it
means the final destruction Of silver
money as a measure Of value.
deny that gold alone affords a suf.
fcient basis upon which the circulating
medium and credits Of this country rest,
and I charge that those who demand that
silver be destroyed will see the effect Of
the paper money. If the people keep
paying the national debt anything like
the rate they have been paying it, our
national banks, as banks of issue, will
have to 90 out of existence. It is true
that of late years, on account of the
high premium upon government bonds,
little, if any, profit has been made upon
their circulation, yet in the long run the
profits upon 1t have been immense; and
II they can succeed In persuading con-
gress to issue more bonds, bearing a low
rate of interest, 80 they can buy them at
par, the profits will again be tremendous.
With these banking corporations, there
fore, the question is fast resolving itself
into a grounding case-no bonds, no
banks.
In conclusion he begged leave to sub
nit the following: First, let our adver-
saries agree to the free coinage Of silver
at either the ratio of 1917 OF is to 1. I
prefer the former. If they do, we will
agree to the unconditional repeal of the
Sherman law. Next, amend the ma
tional banking laws sc as to permit any
national bank to issue its notes up to the
face value of 100 per cent upon the de-
posits Of 90 per cent with tho United
States treasury in either United States
gold or silver rather than subsidy silver.
Powderly and Donnelly Talk.
Loud calls for Powderly brought him
to tho platform. The labor leader said
that $4,000 Knights of Labor were stand.
Ing on the brink Of ruin. Ten thousand
alone were idle and 80, 200 more In the
east would feel bitterly the effect Of the
tIluIt W ucAioLctlAC SAASoL, AOI tuo GA
isting danger was not one confined to
any particular section. The country
shonld DO able to make its own currency
without any dictation from across the
water. If there had been any time in
history when it was necessary to be cool
and deliberate that time was at hand.
Powderly concluded amidst applause,
and then the convention, as n man,
shouted for Ignatius Donnelly, and the
sage of Minnesota was half carried, hall
rushed to the platform. He spoke fol
over an hour, eliciting repeated enthusi'
asm and at times verging dangerously
near an infiammatory line.
Congressman Bryan Of Nebraska was
nextintroduced and spoke at some length
"What did demoetization mean," hi
asked, and several voices replied 'revo
luton. "No, my friends" was the re
Spouse mot that. I believe that every
evil has its remedy at the ballot box
Loud cheers.l
Committee on Resolutions Meet.
The committee on resolutions of thu
bimetallic convention met at the Palmel
yyo,,aa ond orOapizad nv making ex-San