The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1893-08-08

tnen speaker OF the house, jaime
A. Garfield, William ID. Kelly and o,hel
were present and voting for the bill as ser
ators or representatives. subsequently, r,
Peatedly and publicly declared that the
did not know, until long afterwards, tha
so grave and great change had bee
made in the financial system founded D
the fathers OF the republic and,
Whereas, The debates in congress sho
that the parentage Of the measure was j
part ascribed by the friends Of the bill, I
one Ernest Seyd, London banker, who
is claimed was sent over to Washington b
the mOnied class of the Old World, 4
secure its passage by secret corruptio
means, and,
| Whereas, President Grant, who sicne
the bill declared long subsequently, tina
he did not know that it demonetize,
silver, and.
Whereas, The purpose of this attacI
upon one Of the two ancient preciou
metals OF the world was, by striking dow
one-half the money supply, to-wit silver
to double the purchasing power of the re
mainder, gold, by making it equivalent Of
more OF everything possessed or produced
by the labor OF man, thus reducing the
price Of all commodities, arresting enter.
prise, impoverishing the toiIer and degrad.
ing mankind. That these results are not
only inevitable but ioreseen ap-
pears by the following language urged at
that time, by the then president of the Bank
of France, who said 'If by a stroke of
the pen they suppress one OF these metals.
In the monetary service, they double the
demand for other metal, to the ruin of all
debtors" and,
Whereas, The awful consequences thus
proPbesled are now upon the people OF the
whole world, we stand in the midst of I'M
paralleled distress and in the shadow of
impending caiamities which are beyond
estimate.
After tracing the history of the two
metals and their effect upon the con-
ditions Of the people, the platform con-
tinues
We declare: First. that there must
be- no compromise of this question at all.
All legislation demonetizing silver and re-
stricting the coinage thereof. be immediate
ly and completely repealed bv an act re-
storing the coinage of the country to the
conditions established by the founders of
the nation, and which continued for over
eighty years, without complaint from any
part OF our People. Every hours delay in
untiOing the corrupt work of Ernest Sevd,
and our foreign enemies is IN insult to the
dignity OF the American people, crush
ing burden on their property and an at
tempt To place us again under the yoke
from which George Washington and his
patriots rescued us. We protest 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.
Second. We assert that the only remedy
for our metallic financial troubles, is to
open the minis of the nation to gold and
silver on the equal terms at the old ratio
Df sixteen Of silver TO one OF gold. When
ever the silver bullion can be exchanged
At the minis of the United States for
legal tender silver dollars worth one
hundred cents each, that moment
il2l grains OF standard silver will
DC worth 100 cents and as commerce equal
yes the prices OF all commodities through
,ut the world. Whenever it contains 4l2l
grains of standard silver bullion il is suf-
icient for us to know that a similar in
.rease would be Immediately made in the
price OF every form of property except gold
md credits in the civilized world.
Il would he shallow Selfshness
hat would deny to the mining
industry at the cost OF bankruptcy to the
Whole people. The legislation to demone-
ize silver has given an unjust increase to
he value OF gold to the cost and prosperity
4 mankind. Wheat and all other agricul- |
ural products have fallen side by side |
With silver
Third, That while the sherman act" of |
July IA, go, was a device of the enemy 10
prevent restoration OF free coinage. and l. |
.reatly Objectionable because it continues |
he practical exclusion of silver from the |
hints, and reduces il from money metal to |
commercial commodity, nevertheless |
Is its repeal without restoration of free |
'oinage would stop the expansion
Il our currency required by our growth in
population and business, widen still farth-
n the difference between the two precious
metals, thus making n return 10 bi-metal-
SIN more difiicult, and greatly increase
he purchasing power cf gold and still
urther break down the price Of products
II the farmer and laborer. mechanic and
radesman. and plunge still farther, all
business and industry into such
lepths ri wretchedness, as toendauger the
leace, order and preservation OF free insti-
ntions and the very maintenance al civil
zation.
Ne therefore. in the name or the repnb-
&c and Of humanity protest against the
epeal nj said act of July IL, 1890, except |
" an act Lestoring free bi-metallic coinage
Is it existed, prior 10 1873
We suggest the maintainces of bi-metal-
ism by the United States at the ratio of
ixteen To one. II will increase our com
nerce with all silver using countries OF
he world, containing tNo-thirds OF the
world. without decreasing our commerce
With those nations which buy our raw
and will COMPEL the adoption OF
by nations of Europe than
my ntbar means