The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1893-08-04
THE RESOLUTIONS
Demands OF the Silver Men LIN Confer.
ence at Chicago set Forth at
Length.
They Do Not Want an Unconditional
Repeal Of the Sherman
Law,
But They Would BE Satisfied With
Free Coinage at a Ratio OF
16 to 1,

CHICAGO, Aug. 4.-Ine commlItee On
resolutions reported at the afternoon |
session of the silver convention. The |
resolutions were very long, and after
citing the consequences of demonetiza-
tion 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Immediately and completely repealed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 90 years without
complaint from any part OF our people.
Every hours delay in nndoing the cor
rupt work OF Ernest Seyd and our
foreign enemies is an insult to the dig
nifty Of the American people, a crushing
burden ON their prosperity and an at
tempt to place MS again under the yoke
from which George Washington and
his compatriots rescued as. We pro-
test against the financial policy of the
United State3 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 In to
open the mints of the nation to gold
and silver on equal terms, at the old
ratio of TO OF silver to OF gold. When
ever silver bullion can be exchanged at
the mints of the United States for legal
tender silver dollars worth 100 cents
each, that moment 412 Ia grains of
standard silver viii bs worth 100 cents,
and, az commerce equalizes the prices
Of all commodities OF the world. when
ever 4l2 IL grains OF standard silver
are worth 100 cents In the United
States, they will be worth that sum
everywhere else, and cannot bs bought
for less When it viii be urged that
such resul. would enhance the price
OF silver bullion 1t 10 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
it's in the civilized world. 1t would be
a shallow sclfshness that would deny
prosperity to the the mining industries
! ct the cost Of bankruptcy to the whole
people. The legislation to demonetiSe
silver has given an unjust increase to
the value Of gold at ths cost of the pros
perity of mankind; wheat and all other
agricultural products have fallen side
by side with silver.
Prosperity VIII Fellow.
We suggest that the maintenance OF
bimetallism by the United States at a
ratio Of 10 to / will increase our COM
merce with all the silver using coun.
tries of the world con tanning two-thirds
of the world, without decreasing oul
commerce with these nations which
buy our raw material, and will compe
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 afiict the Ameri
can people are not due to the so-callet
Sherman act Of 1880, and in proc
thereof we call attention to the fac
that the same evil conditions now pre-
vail over all the gold standard world
We are convinced that bad a.
the state Of affairs In this country,
would have bsen still worse, but for tn
Sherman act; by which the nation ha
obtained to some extent an expanding
circulation, to meet the demands of
continent in progress Of colonization
and run the business exigencies of tn
most energetic and industrious rae
that ever dwelt on the earth, and "
insist upon the execution Of the law
: without evasion 80 long as it Is upo
the statnte books upon the purchase 9
the fall amount of silver each mont
that it provides for, to the end that tn
monthly addition to the circulatin
medium the laws secures shall /
maintained.
After the adoption of the resolution
o committee on ways and means, on
from each state, was appointed and tf
convention adjourned.