St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
SILVER MEETING.
Resolutions Adopted by the BIZ
metallic Delegates to the Chi
CaOO COnyentiOn

Resolutions adopted by the BIZ
metallic Delegates to the Chi
cago Convention.
New YORK. July 27.-A meeting of
the delegates from this city TO the BIZ
metallic convention to be held in Chi
cago next week was held this afternoon
for the purpose of effecting an organiza-
tion.
A preamble and resolutions were
adopted by the delegates as follows:
Whereas, Official statistics prove that
the market price of silver bullion has
controlled prices for most products of
American labor, and especially of wheat
and cotton. ever since silver was de-
monetized in 1878; and
Whereas, Decline III the price of sill
yer bullion and contr action in the
volume of our legal tender paper money
has caused such a fall in the market
price of American pr Oducts as would
require more poun ds of cotton and
nearly as many bushels of wheat to pay
the remainder OF our national debt now
outstand ing as would have been re-
quired at prevailing prices in 1865 to
have paid its entire amount at that
time; and
Whereas, Depreciation in the price of
silver bullion since 1878 has caused
decline of over 200 per cent in the pric G
of our cotton and over 200 per cent in
the price of our wheat and about 100
per cent in the price of our silver since
that year, and
Whereas. England control over the
To-, -
-bleS England to put the price of Amer
ican wheat and cotton in the same level
with the gold cost of India wheat and
cotton when laid down in English mar
ketS, and
Whereas, England requires cheap
wheat to feed her people and cheap cot
ton to keep them employed in her cot
ton factories, therefore English ntiu-
ence is behind nearly all efforts to put
down the price of silver bullion in order
that she can obtain the products of Ia
Dor in all countries at the starvation
prices paid for labor in that country
and itssdependences,
Therefore, Resolved, That it is the
firSt Guty of congress to carefully study
The effect which the price of silver bull
ion has over other products of labor in
this country before determining on any
fixed policy changing its present ratio
Wltn gOld, or before running all Amer
ican producers by Withdrawing the
Slight support silver now has under our
laws; and be it further
Resolved, That it is the judgment of
the delegates from the state OF New York
to the Chicago conference that congress
should at once thoroughly investigate
the operation of the treasury depart
men,, and especially the action of the di-
rector of the mint in selecting the mar
ket price of silver in a foreign
country TO govern his action in pur-
chasing silver bullion under the act of
July IA. 1890, and that if any officer or
officers shall have violated that law,
either i'll that regard or in relation to
purchases required under it, proceed
ings of impeachment should be imme-
diately commenced against the person
or persons SO OFFENDING.
Resolutions were also passed deplor-
ing the riotous proceedings precipitated
by an organized body of men who in
vaded the meeting recently held in the
Fifth Avenue hotel for the purpose of
creating disturbance and bringing the
movement into disrepute.
The delegates adjourned to meet at
the Palmer house, Chicago, at p. m..
Monday, July 81.