The silver state. [volume] (Unionville, Nev.) 1870-1903, 1893-08-03
THE SILVER CONVENTION.
The Largest Assembly in the History OF
Financial Agitation.


American bimetallicl eague met at 10
O'Clock Tuesday morning in the first
Methodist church auditorium at Chi
cago. 1t was the largest assembly Of
a like character in the history OF
financial agitation. The features Of
many SCARED veterans of financial
agitation were visible in the hetero-
geneous assembly. General A. J.
Warner Of Ohio, president Of the BIZ
metallic league; Congressman Bar
tine Of Nevada, Congressman w. J.
Sryan of Nebraska, Governor Waite
Of Colorado, Senator Stewart of Ne
yada, Senators Mantel OF Montana,
shoup Of Idaho and T. M. Patterson
Of Colorado, Governor Kolb, Populist
leader of Alabama; Editor Goodwin
of Salt Lake. Herman J. Taubeneck
Of the executive committe of the
Peoples party and Senator Dubois OF
Idaho were conspicuous among these
When Chairman Warner of the
Bimetallic league called the conven-
ton to order many of the delegates
we're obliged to stand in the aisle on
account OF the smallness of the hall.
Chairman Warner opened the pro-
ceedings by introducing Mayor Car
ter II. Harrison of Chicago, who well
coined the delegates to the city.
Il welcome you warmly" said
Mayor Harrison, because / believe
you have the good of the country at
heart. Some of you may be rather
wild; it is said that you are silver
lunatics look down upon you and
am rather glad to welcome such luna
tics. 1t is the crazy men that march
the world forward and make progress
possibility. They say that though
YOU believe in bimetallism YOU are
crazy. Ii the action of 1873 should
be blotted from the annals of Ameri-
can political action l believe that
silver would be worth 129 cents an
ounce. Be wise in you deliberations
but be fearless. Congress is about TO
meet. Give' the benefit of your de
iberations to congress, and tell Gro
yer Cleveland what the people of the
United States want"
Hon. T. Nj. Patterson, chairman OF
the Colorado delegation, responded
TO the mayor, and Chairman Warner
Of the Bimetallic league then deliv-
cred his opening address. "The
most extraordinary condition of af-
fairs" said he, "meets the assem-
bling OF tins convention. The earth
is yielding her fruits in un-
usual abundance and rich har-
vests are being gathered under favor
ing skies; yet never before in the
history of the country has there been
such widespread fear and distress,
Never before such loss of confidence
and destruction to credit. The in
dustries are everywhere breaking
down and laborers by tens OF thou
sands are thrown idle in the streets
with want staring them in the face.
scores of banks are driven to sus-
pension. There has been a shrink
age of hundreds of millions in the
value of stocks and other prop
erty. To attribute this condition to
the silver purchasing law is absurd.
Under this law since 1890 $3.50, 000,-
900 has been added to our currency.
Does anybody believe that the
presence of this $150,00o,000 makes
money scarce and dear? The real
object lesson OF the situation is very
different from thai which the gold
ronspirators intend 1t enables us to
see the beginning Of sAa slr.nkage in
prices that must take pface in order
TO go to purely gold basis. The
trouble is in the change of the money
standard. The value of money may
be doubled either by doubling the
weights OF standard coins or by des-
troying half of the metal out of which
the coins ara mazda Tho astablish-