The Globe-republican., 1893-10-13
BIMETALLlSM.
The Friends of Silver Meet In st. Louis
Resolutions Adopted.

ST. LOUIS, Oct. 4-The bimetalli,
convention met in this city to-day, anC
was welcomed to the state by Gov
Stone. Gov. Tillman, of South Caro-
lima, was chosen temporary chairman
and the committee on credentials re
ported 166 delegates entitled to seat!
The following permanent organization
was effected:
President, Gov. L. D. Lewelling, o.
Kansas; vice president, NJ. E. Benton
of Missouri; secretary, Olney Newell
of Colorado; assistant secretaries, Sam
uel B. Cook, of Missouri, and w. II.
Oulp, of Arkansas.
Many addresses were delivered by
delegates and the convention adjourned
until morning.
SECOND DAY.
ST. LOUIS, Oct. Sat the bimetallic
convention to-day letters of regret
! were read from A. j. Warner, of Wash
ngton; Congressman Bland, of Mis-
souri,; Gov. Fishback, of Arkansas;
Hon. David Overmeyer, of Kansas, and
others. The committee on resolutions
reported as follows:
| Whereas, The producing, manufacturing,
mercantile, financial, transportation and other
business interests Of the. United States are
paralyze by patent and universally confessed
| lack of sufficient actual money to meet the re-
| quirements of legitimate trade: and.
Whereas, We belle We in giving full and equal
! legal tender power to every dollar bearing the
stamp Of the government which alone gives a
money value: and,
! Whereas, The gold and silver produced in the
/ mines of he limited States are neceSsa for
! the requirements of the country for coin. it Is
essential that congress take such action REL
dive to the coinage of the two money metals, as
will restore silver to the position ii held in 1873:
and,
Whereas, The present deplorable condition
of the producing and all other industrial and
commercial interests is the legitimate fruit OF
vicious financial system, established by and
maintained in the interests Of puto:racy
which threatens our liberties: and,
Whereas United action is necessary between
the parties to any common interests to secure
important and lasting results; and,
Whereas, By geographical position, divcTsf
ty of God given agricultural. industrial and
other natural capabilities and resources, the
western and southern states and territories OF
the United States are happily fitted for mu-
tUal intercourse and dependence, responding
alike to the same beneficent or detrimental in
fiuences and effects whether legislative finan-
vention that in view of these facts and of
the continued fragrant disregard of the vi
tai interests Of the great producing states
by the dominant influences in national centers
financial and political, that a closer alliance
between the inhabitants of the west and south
is imperatively demanded for the purpose of
mutual protection and advancement along all
legitimate lines. We assert that while this is
true of the southern and western states, it is
also true that the manufact uring states Of the
east cannot enjoy prosperity while the south
and west are depressed and are not provided
with the money with which to purchase the
product of their factories: and We declare that
in all material matters which affect the general
prosperity Of our country, the several states
are and must of necessity be inter-depeudent:
and,
Whereas, The coinage of silver upon the ba
sis herein demanded has repeatedly been in
vited and is conceded to be necessary to the
upbuilding of trade relation of incalculable
magnitude between the United States and our
sister republics of North and South America.
1t is therefore,
Resolved, That we demand the free and I'M
limited coinage of silver at the established
ratio Of Is to I, giving to such coin equal legal
tender powers with gold
Second-That we are unalterably opposed to
the repeal Of the so-called Sherman law, ex-
cept by the passage OF law providing for the
tabished ratio Of l6 to
Third-That our representatives in congress
instruct the chief executive to issue call for
an early convention Of all nations interested in
and favorable to the free coinage Of silver "A
the ratio of IS to for the purpose of establf&
ing closer commercial and financial relatiopS
with them. -
Fourth-That the total amount OF gold now
in existence or capable of production under the
stimulus Of its increased value is totally made
Quate to supply the demands of the world for
money, and the adoption Of the single gold
standard will result in universal bankruptcy
and ruin and we declare that such on the part
of our government would be a fragrant viola
ton of the constitution of the United States
in that it would impair all existing contracts
and double the obligations of all doctors. and
we declare it to be the duty of all patriotic
citizens to resist in the courts and at the ballot
box, its adoption and enforcement, if adopted.
Fifth-That we are opposed to the further
issue OF government bonds, and declare that
the real purpose OF the proposed issue of bonds
is the perpetuation of the national banking
system to which we are unalterably opposed,
for the reason that it enables few selfish in
dividuals at their pleasure to contract or ex-
pand the volume of the currency to the great
injury Of the masses; and we demand a finan-
cial system which will prevent the congestion
of money in the financial center of the east
Sixth That We urge the speedy improvement
by the national government OF all the great
waterways, and particularly those which drain
the vast agricultural region of the south and
west and We invite the active cooperation of
the great mercantile interests in securing the
cation Of more direct routes to the ocean in
order that our products may reach the markets
Of the world at minimum cost
Seventh-That We send greetings to the rep
resentatives and senators in congress who have
stood by their pledges made before election and
are conteIding for the rights and interests OF
the people who elected them We thank them
in the name of American liberty, and we hold
in undying contempt those who seek to betray
us and make this country a financial depend.
ency of Great Britain
THIRD DAY.
ST. LOUIS, Oct. Elm the bimetallic
convention, to-day, the report of
the committee on resolutions was de-
bated at great length. Mr.. Waterbury,
of Kansas, moved an amendment to the |
report by the addition of a proposition
presented by III. NJ. Taylor. of Mexico.
favoring the increase of the volume of
currency by the issue of legal tender
notes secured by land values
Delegate Cochrane, of Missouri, op-
posed the motion. and to any and all
efforts to say or do anything in this