The herald., 1893-08-02

appointed from each state, the selection
to Be made By essch state delegation. !.
When It was suggested that the roll
be called for the appointment OF com
mittee on resolut. 'ons, G. S. Thomas O.
Colorado urged THAT each state name
three members of this committee, one
from each of the three parties.
Paul Vandervoort of Nebraska object
cd. He hoped, he aid, that party dif-
ierences would not be recognized IN this
convention.
Fletcher of Colorado said that when
the convention adjourned 1t would be
charged it was under the domination of
one of the three great parties. 1t was
for this reason that the Colorado dele
cation thought it wise to b ave one conf
mitteeman from each party.
Vandervoort still objected and was
sustained by many others. I'VE are
not here" said he, referring to Populist
delegates, ito form a new party or to
form party on . single silver issue. Ii
that is the object or purpose OF this con-
Yention, there will be good many va
cant seats"
EX-SENATOR REAGAN TALKS.
Ex-senator Reagan OF Texas was
called to the stage and said, in part
1--WE are here for the purpose OF trying
to relieve the country from its present
embarrassment and place it on a foot
ing of prosperity. We are here as bi-
metallists, without reference to any dia-
tinction of political parties. The mo-
mont we introduce partisan question
into this convention, we throw before 1T
q matter which causes strife and i'm
pairs its work. I appeal to the conyen-
tion to 60 on with its duties and declare
it's purpose of restoring to this country
gold and silver coinage as it existed be-
fore 1873, and restore prosperity to the
country and afterwards take care OF
party affiliations"
The sense of the convention was 80
overwhelmingly with Reagan that
Thomas withdrew his motion. The
committee was then appointed, includ-
ing the following members: Arizona,
J. M. Murphy; California, Daniel M.
Burns; Colorado, Thomas M. Patterson;
Idaho. G. V. Bryant; Nevada, II. F.
Bartine; Montana, E. B. Matto; New
Mexico, Hiram Hadley; Utah, 9. Good
man; Washington, Patrick Clarke Wy
oming, Col. J. Hurt.
The question of preparing an address
to the people and memorial to con-
gress was referred to the committee on
resolutions.
Then Permanent Chairman Thurman
was escorted to his seat amid great ap-
plause and delivered an address.
CHAIRMAN THURMAN's SPEECH.
Mr.. Thurman said: "Should the Sher-
man law be repealed without any substi-
tute in lieu thereof, it means the final
destruction of silver money as the
measure of value. The issue resolves
itselt down to the question whether the
paper money Of the country is to be is
sued by banking corporations upon the
debts of the people or other kinds of cor
porate securities, or whether it il to rest
upon the broad and safe basis of gold
and silver. Gold alone certainly cannot
afford sufficient basis upon which the
medium required by the
people of this country can safely rect.
If this is not 80, why is it that whenever
any considerable amount of gold begins
to flow from one country to another
In obedience to the natural laws
of trade, that we Immediately hear cries
Of distress? If things are as they should
be, why is there any danger because a
certain amount of metallic money
leaves the country? The condition of
things existing today shows that if our
medium is to rest upon gold
alone, practically the whole of it will be
based simply on faith, and faith means
fat money. l am against irredeemable
currency in every way, butif it is to be
decreed that we must have fat money,
then am in favor of it's being issued by
the government and not by individuals
or any particular class of people. But
there is no need of fat money, for while
it is true there is not sufficient
amount of gold, yet there is enough
real money. gold and silver, upon
which our currency can safely
rest, and if the people of
this country are only true
to the principles of hard money taught
them by their fathers, those who seek
now to issue fat money will be doomed
to disappointment, for when the people
of this country come to realize fully the
import of this demand to destroy silver,
they will in no uncertain sounds let
these people know that they are for
hard money against paper money still.
When the people of this country awake
the fact that there ia being system
attic attempt to force them to pay the
obligations of this government in gold
alone, when they have always had the
right to pay them in gold and silver;
that the contracts they made with their
creditors are to be violated, | for one
have not the slightest doubt where they
will stand"
A GROUND HOG CASE.
Thurman continuing, said the ques-
tion with banking corporations is rap
idly resolving itself to ground hog case
mo bonds, no banks. The banks,
knowing the people would insist upon
an ample circulating medium, would de-
mand, in case the Sherman act is re-
pealed, that the government issue bonds
upon which the banks may issue notes
to supply the deficiency brought about
by the government ceasing to issue coin
certificates under the Sherman act. The
banks would thus be enabled to perpet-
uate system which had been enor-
mously profitable to them in the past.
SOUND AND STABLE CURRENCY.
Thurman referred to the catch-penny
phrase continually used in high places
Of "a sound stable currency" and said
be had no doubt this phrase will be used
In Cleveland's message to congress. He
wanted the president of the United
States to tell the people of the country
and members OF congress what he means
by ''sound and stable" currency. He
wants the president to tell the people
H. ho ,v.l-. IL l.