Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-02

ADNhAAft AHhAhANf hhaAhhANNh saNH w.
Jay rental. This done the dulrgatoa
II ukpd Ia.
President Thurman called the con-
vention 10 order.
a resolution by J. &. Dlugherly Of
Texas for tho appointment Ufa com.
mittee Of one from each state to devise
% ulan for imprrging upon Congress
and the people ~ tho United States the
impending puril threatening to ruin
this material intefraiH of which We
have only had n foreoast, was referred
to tho committee on resolutions, after
discussion.
TIE SILVER QUESTION.
Then EX-SENATOR Hill Colorado, I'D.
dressed the convention ON the silver
question. The arguments were chiefly
based on statistics, tending 10 show
that the ado ton Of gold standard ~
any country was invariably followed
by dtcades Of poverty and depression.
He said the divergence between the
value Of gold ana oliver was now
gfuatyf than when the Unito States
commission made 90 famous report
eud no boundary can bee frt 90 diveff-
oucr that may be- reached hereafter,
especially II the !Orcmo't silver
rfOducing country In tho world
shall lend ihelf g. the att mIt
being made % establish uulyCrsa
gold standard. The scarcity ~ gold
had nothing 10 DO with The present
Depression. The amount OF money
now locked w and hidden nway BE-
more than double thu amount o. gold
now In the county. Tho supp0siti0n
that by repeating tho sherman act,
thus bringing on great 'all IN tho
price of tho mDtai, We c0uli Drco
Europe into "a bimo,allic treaty n o
dclusion. IL we were driven by tho
conspiracy TO revert 20 q single
standard we should by all means uCr
silver. II wo restore silver 10 IT, Old
place On money metal by unlimited
coinage, aud n under force circum-
stances over which We have 40 control,
our gold should be drained away, we
viii elill maintain the lr1t position
among the nations OF tho world and
compel England, Germany aud France
at once 10 adopt himatelliSm.
In concluding he declared that N
western Europe pefseyefes In measures
which will raise thu value Of gold 20
Il will How from US and We become a
silver country, we VIII hu carried 10
the pitch OF prosperity transconding
all the past, aus western Europe Will
be plunged In an abyss OF ruin.
At the conclusion Of Hil's al &.
druss, Hon. ]. II. DOolittle Of
Wisconsin, presented resolution
declaring II the duty Of Congfese 10
coin both gold anu silver In such n
ratio Of weight that the bullion In tic
silver dollar shall be equal In value 10
tho bullion In the gold dollar Re
ieTrod TO the committee on resolutions.
Congressman II. q. Newlanda OF
Nevada followed In an address re-.
viewing the Congressional legislation
on the silver question. England,
he said, Ia the greatest gold min.
ing power In the world. We
owe her six hundred million
dollars In gold, which she can
call for any day. H. dram OF hun /.
dTed millions recently made worked
such disaster Ia this country, what
would It do, N We should be called on
for the whole lot? England had
the gold of the world Rnd knew
how 10 lcgislate for her interests.
We have the silver OF tho world and
do not know our own Interests, As
the tax on tea led 10 tho political Jude.
pendenCe the present blow nc silver
might lead TO financial independence.
United States Senator Allen pro-
duced much enthusiasm by n brief
but stirring speech In which lac
pledged tho Peoples party TO the
cause Of silver. The Populiets in the
Senate would not be found wanting In
support OF free coinage at the ratio Of
TO 10. He was followed by
Hon. &. s. rhomns, OF Colorado,
In a brief speech. He declared that
gold and silver Is tho money Of history
and civilization. The silver men were
called lunalios aud cTankr, but they
were proposing merely TO return TO the
system hAllowed by the history OF four
thousand years.
Recess was then taken until . o'clock
y. m.
THE PLATFORM.
The committee ON resolutions this
afternoon submitted long report. Tue
pream BILE rocites that blmetallism 10 as
ancient IA human history, for certainly
during mote than three thousand years
gold aud silver have come down
through the ages hand Ia hand,
their relations having varied but
few points In all that time,
and then almost invariably through
legislation that both tho metals
named together were indissOlubly linz
tied In the Constitution OF the United
States as tho money basis OF this cOun-
try; that In 1893, without the previous
demand OF any political party or any
part Of the people, and without pubic
discussion, silver was stricken from the
place II had occupied since the days OF
A brAham anu Pharaoh under circum.
ttances OF such secrecy that A. u.
Thurman, W. NJ. Stewart, ID. V, NoOT'
hees, j. q. Blaine, then speaker OF the
House, j. a. Garfield, anu other mem
boTs Of Congress, voting for the bill,
subsequently publicly declared that
they did not know until long after.
wards that 20 great change had been
made In tho financial SYSTEM that the
debates Ia Congress SHOW that thu
measure was partly asoribed to
ons Ernest seyd, London
banker, who II IL claimed, was sent 10
Washington by the moneyed classes VI
the Old World 10 secure itb passage by
secret anu corrupt mean; that Presi.
dent Grant, who signed tue bill, dc.
Clared u long lime Subsequently that
he did not know II demOnetl2ed
silver; that the object OF this attack ON
silver was TO double the purchasing
pDwer OF gold, thus reducing the price
" all commodities, arresting enterprise,
thu toller and degrad.
ing mankind; that the awful conse-
uuenoes VI this act arc now upon the
whole world. 1--WE Stand IN the
n ldst OF unparalleled distress, IN the
SHADOW Of Impending cllamlties be.