Morris tribune., 1893-08-09
THE RESOLUTIONS.
They Demand Coinage at 10 to and
Oppose Unconditional Repeal.

4ACy 4AC1kkdHu (OAIkd&c ut 10 10 ahu
Oppose Unconditional Repeal.
CHICAGO, Aug. 2.-The second day of
the silver convention was devoted to
speechmaking and resolutions. The
committee was not ready to report at
the opening of the convention and the
delegates listened to Frank G, New
land of Nevada, Senator Allen of
Nebraska and others.
At the afternoon session the resolu-
tions committee reported. The resolu-
tons very long. After citing the
consequences of demonetization of,
silver they conclude as follows:
Therefore, in view Of all these facts,
we declare that there must be no
compromise of this question. All leg
islation demonetizing silver and re-
stricting the coinage thereof must be
Immediately and completely repealed
by an act restoring the coinage of the
country to the conditions established by
the founders of the nation, and which
continued for over 80 years without
complaint from any part of our people.
Every hours delay in undoing the cor
rupt work of Ernest Seyd and our
foreign enemies is an insult to the dig
nifty of-the American people, crushing
burden on their prosperity and an at
tempt to pface.us again under the yoke
from which George Washington and
his compatriots rescued us. We pro-
test against the financial policy of the
United States being made dependent
upon the opinions or policies of any
foreign government, and assert the
power of this nation to stand on its
own feet and legislate for itself upon
all SUBJECTS.
Free Coinage the Remedy.
We assert that the only remedy for
our metallic financial troubles is to
open the mints of the nation to gold
and silver on equal terms at the old
ratio of is Of silver to of gold. When
ever silver bullion can be exchanged at
the nrints of the United States for legal
tender silver dollars worth 100 cents
each, that moment 412 1-2 grains of
standard silver will be worth 100 cents,
and, as commerce equalizes the prices
of all commodities of the world, when
ever 412 IL grains of standard silver
are worth 100 cents in the United
States, they will be worth that sum
everywhere else, and cannot be bought
for less. When it will be urged that
such a result would enhance the price
of silver bullion it is sufficient for us to
know that similar increase would i'm
mediately be made in the price of every
form of property except gold and cred
its in the civilized world. 1t would be |
a shallow se1ishness that would deny |
prosperity to the the mining industries |
at the cost of bankruptcy to the whole |
people. The legislation to demonetize |
silver has given an unjust increase to |
the value Of gold at the cost of the pros
perity of mankind; wheat and all other |
agricultural products have fallen side |
by side with silver.
Prosperity Will Follow.
We suggest that the maintenance Of |
bimetallism by the United States at a |
ratio of 16 to will increase our COM
merce with all the silver using coun |
tries of the world containing two-thirds |
of the world, without decreasing our
commerce with these nations which |
guy our raw mdCSTldI, dlu VIII CO4upCA
the adoption of bimetallism by the ma
tions of Europe sooner than by any |
other means.
We assert that the unparalleled ca
lamities which now affiict the Ameri-
can people are not due to the so-called
Sherman act of 1890, and in proof |
thereof we call attention to the fact |
that the same evil conditions now pre-
vail over all the gold standard world.
We are convinced that bad as is
the state of affairs in this country, it |
would have been still worse, but for the
Sherman act; by which the nation has /
obtained to some extent an expanding |
circulation, to meet the demands of a
continent in progress of colonization,
and run the business exigencies of the
most energetic and industrious race
that ever dwelt on the earth, and we
insist upon the execution of the laws
without evasion so long as it is upon
the statute books upon the purchase of
the full amount of silver each month
that it provides for, to the end that the
addition to the circulating
medium the laws secures shall be
maintained.
After the adoption of the resolutions
a committee on ways and means. one
from each state, was appointed and the
adjourned.