The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-08-02

distress: never before such loss of conf
dence aud destruction of credit. Indus
tries are everywhere breaking down. ana
laborers by tens of thousands arc thrown
workless on the stseet. with want staring
them IN the face. Scores of banks. most or
them prudently managed and showing as
sets which. under ordinary circumstances,
would place them above suspicion. are
driven to suspension. There has been a
shrinkage of hundreds of millions In the
value of stocks and other property ana
agricultural products To attribute all this
condition TO the present silver-purcnasing
law of the United States Is absurd. Under
this law. since 1880. Sl50.OO0.00O have been
added to our currency. Does any body be-
lieye that the presence of this $3.50. 600
makes money scarce aud dearf Would we
be batter OFT if we were out of 1T
THE real object lesson of the situation IS
very different from which the gold conspir-
ators intended. Ii enables us TO see the be-
ginning of the shrinkage in prices that must
take place In order to go to . purely gold
basis. The trouble isin the change in the
money standard. The value of money
may be doubled either by doubling the
weight of standard coins OF by destroying
halt of the metal out of which coins are
made. One is as effective as the other.
The establishment of g single gold stand
ard ls equivalent TO putting the value of
two dollars into one. 1t Is doubling the
unit and putting property down one half:
This is what is going on. To do this and
still require the came number of dollars in
payment of debts aud taxes 10 to sanction
the spoilation OF ono class by the other.
And the talk of such q standard as honest
money. or such policy as sonnd finances
Is the rankest by pocrisy" Applause.
Referring TO the act of 1873. Chairman
Warner said "The mem bers of Congress. the
Speaker of the House who signed that bili
the President who approved 1t. never knew
that it demonetized silver. There was
but one man in the United States Senats
who knew that the act OF 1873 demonetIze
silver and yet he has never been hung or
shot for treason. Great applause at this ell
lusion to John Sherman. That act will be
known in history as the crime of 1878. Let
the memories of those W no stand connected
with it rot in oblivion" Great applause.
Continuing he said he was willing TO
have the act of 1890 repealed If the other
Sherman law. the act of 1873. can be re-
pealed by the Same bill. Let both sherman
laws 60 together and place the country back
upon the Constitution and the law as 1t
stood before 1873 in conclusion, the speak
er denounced the metropolitan newspapers
of the country as being controlled by the
money power. aud characterized their ed
itorials as being but the inspiration and
the bidding of of the gold bngs." instead
OF the conscientious eXDressiO Ons OF the
writer's. The people, to win, muet win
against all this aggregation and influence
of capItailstic power.
APPOINTMENT OF COMMITTEES.
A committee on credentials was ap-
pointed. consisting of one member from
each State. On motion OF ex. Co ngressman
Symes. of Colorado. the chairman was
authorized to appoint committee OF i've
on permanent organization. As this COM
mittee the chairman named Symes. of
Colorado: Reagan, of Texas: Stark. of Ohio;
Washburn. of Massachusetts,. and Fu lien
wider. OF Illinois. A committee consis tin z
of one delegate from each State was author
lied TO select a larger hall in which to hold
the sessions of the convention. The con.
yention then dj0nrned until 2:30.
The afternoon session of the convention
was held in Central Music Hall. building
capable of seating over three Thousand
with comfort. Allen w. Thurman. of Ohio.
was made permanent president. amid great
applause. While the notification commit
tee was out, and the committee on cre-
dentiels WAS awaited. Robert Schilling. OF
Milwaukee,. wanted TO shear . speech from
chaiman declared. the motio1 out OF order
pending permanent organization.
committee on rules and order of busi-
ness was then chosen and the roll of the
committee on resolutions. Mr.C. 5. Thomas
of Colorado. urged that each State name
three members Of this committee. one mem.
ber from each of the three parties. bnt PanI
Vandervoort. of Nebrasks.. objected. II
hope" said he. that party differences will
not be recognized In this convention" APP
plause. Mr.. Fletcher, of Colorado, said
that when this convention adj0urns it will
be charged that it Is under the dominatio
of one of the three great parties. In order
had thought it wise that one member be
selected from each of the three great polir-
ical parties in the several States.
Ex-United states Senator Reagan. of
Texas. arose. and In response to loud de-
mands. mounted the stage. I'VE arc here"
said he. "for the purpose of trying to re-
lieve the country from Its present embar-
rassments and place 1t on q footing of pros.
perity. / understand We are here as bi-
metallists. without reference to any dis
tinction of political parties. but as citizens
of the great Republic to unite our voices
regardless of party affiliations for the pur-
pose of arresting tho rule of the gold men
and bondholders. and for the purpose
of restoring to the country a oon-
ditiOn OF prosperity from which we have
been driven by improper legislation.
The moment introduce q partisan
question In this convention we throw
strife and confusion and impair the work
of the convention. Applause. i appeal
to this con vension to go on with It's uties
and declare it's purpose to restore to this
country gold and silver coinage as IL exist.
ed before 1873. and restore the prosperity
of the country, and after " ards take care
of our, party affiliations" lGreat ap-
plause.
xuo ocubo Va VIC COuFoutiOu 0bb 30 OSoE-
whelmingly with Mr.. Reagan that Mr..
Thomas withdrew his motion. The roll of
States was called and the following COM
mittee on resolutions appointed: Alabama.
j. G. Manning; Arizona, NJ. g. Murphy; Cal
ifornia. Daniel n. Bnrns: Colorado. Thomas
Nj. Patterson: Connectlout, T.. B. Whit
comb; District of Columbia. Lee Crandsll;
Georgia Henry Jones; Florida. .. McAllis-
ter: Indiana. NJ. &. Rankin; Idaho. u. V.
Bryant: Illinois. BENJAMIN Goodhue; Iowa.
T.. G. Cole; Kansas. Harrison Kelly: Ne
brssks. II. K. Bartine: Massach usetts,
Geo. +. Washhurn; Maryland II. &. Sstfett:
Montana, L. b. Mats: MICHIGAN, BENJAMIN
Colvin; Minnesota, lgnatius Donnelly;
Missouri. L. +. Mines; New Mexico. Hiram
Hadlev: New York. IL. Alden Spencer;
Nebraska. w. j. Bryan: North Carolina.
j. H. Staunton: North Dakota, w. III.
Standish; South Dakota; c. A. Trip;
Penney lvania. John +. Davis; Ohio. Geo.
A. Gruff: Utah. c. c. Good win: Texas.
John H. Reagan; Tennessee. j. G. Roberts:
rick Clark: Wisconsin. Robert Schilling;
Wyoming. j. j. Hurl. A list of vice presi-
dents was announced, one being selected
from each State. and the question of prepar-
ing an address to the people and memorial
to Congress was. after some discussion, re.
ferred to the committee on resolutions.
PRESIDENT THURMAN's ADDRESS.
At this point Chairman Reagan and the
special committee escorted the new presi-
dent. Allen w. Thurman. son of the ''old
Roman" to the stage After the applause
had subsidized Mr.. Thurman spoke at great
length. He opened with the following an.