The farmers' union. (Memphis, Mo.) 1891-1895, 1893-08-10
GOLD BUGS MUST GO.
RINGING DECLARATION BY TIE
SILVER CONVENTION.
L Committee Ecsolut ions rronClSHtCs an
Address to the People a! the United
states in Which the Position Of the White
Metal Men Is Fully set Forth.


Reasons for Our Faith.
The resolutions ~" address 10 the
country. as finally adopted Ivy the sill
Yer convention IN Chicago. are as fo,-
lows:
WHEREAS. Ei:uetall,-,n is ancient HUI
Ma1 hlS:C:y. &C., lalnlv for lno:e than i.t,' !
years gold and atlvcr came GoNp thrunG1 :te
ages hand IN tand their Cela,iors having va
ried but few points in all that vast s"'rlod OF
time, and the'. mostly invariably through leg
WHEREAS The two ais az named to-
gethsr ludl-solully uni ed III M constitution
OF The United STAT as as the :,nre ~ basis Of t.is
country. place Il there by Gtor,:c Washington.
Thomas Jefferson, John Adams. Alexander
Hamilton. and their ass 'riate>. AMI suisse
qIenily Endorsed aud defended by Andrew
Jackson and Abraham Lincoln; and
WHEREAS. silver, one O. ,-,se ancient
metals III the year l>-.', without any
previous demand by any political party or by
any part OF the people OF even by any news
papers. and without puhlic discussion. stricken
down from the place Il had occupied since ,he
days of Abraham and the PharanhS. under cir
cumstaNccS of such secrecy that Allen q.
Thurman. james I Beck. william VI. Stewart.
Daniel ". Voorhees,. James ii. Blaine rher
Speaker of the House. Ja.ne~ \. Garfield
William ID. Kelley and others present and vo.-
Ing for the bill as senate or i.cIreSentatlNes
care,i that they did no, know unit! lon. after
ward TINT 80 great and grave a change had
been made in the financial lem founded by
WHEREAS The debates in Congress show
that the rarentase of the measure was in part
ascribed by friends of the bin - one Ernest
seyd. a London banker. who. il is claimed was
Sent over 70 Washington hv III" moaeyei
classes of the OLE; world to secure its passage
10y secret ana corrupt means: and
WHEREAS. President Grant. w.,o @cn"d the
bill, declared lon. subsequently that he d.
not know that il ,ieInoneti&ed silver: and
WHEREAS, The purpose Of this attack upon
one of the two ancient precious metals of he
world was, hy striking down ouc-half of The
money supply, to wit, silver I" double the
purchasing power OF The remainder. gold. by
making il the equivalent of cvcrvt hing pos
sessed or lroduced by the labor Of man. thus
reducing the price Of all commodities. arrest.
ing enterprise imroverisEing the :olcr. and
DEGRADING mankind: that these results were
not only inevitable, hut torcSeen. pears Ivy
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 dcmalid FOR The other metal. TO
the ruin of all debtors: and
WHEREAS, The awful consequences thus
propllesicd are now upon the people of :he
whole world. we stand in the midst OF unpar
alleled distress. and In the shadow of unpar-
alleled caiami,ies, which are beyond estimate.
The ruling industry of the people who inhablt
onc-third of the area of this republic has
been stricken down property values de
s'royed, ana the work men Compelled 70 fly l.
from pe~tilencr. Everywhere over this broad
land the honest tolitrS. numbering hundreds
OF thousands. have been thrown out of en-
rloyn.nt. and will have I" eat tn" bitter bread
of charity starve: tire products of indus
try. OF the farm, and the workshop have
dcprecia. ed in price, As shown hS official and
pu'..c SATISFIES until product on ceases to tie
p:ntshie. the money of the country lnade-
4,latr for the business of the land. has cravi-
i,ted to the banks, while the PEOPLE. distruSt-
in. the banks have demanded thci: ,lrtosi,S
to hoard or hide them; 'uercantilc houses are
goln.. TO tie wall by thousands because the
masses have not tie means TO buy even the ne
Cassities of lie: - supply u" lack of curren-
| cy the banks of the great cities have issued IA
| ubsiitute for money unknown 10 he laws.
, Called clearing house certificates.
Vast Amount cF Currency Demanded.
| The movement of the great crops now being
! gathered demands vast amount OF currency.
which the banks are unable to furnish. and il,
! the midst OF these conditions the daily press
| j. 81 .tuurug for the repeal III the ct of July
| IA. >.Ai. called the herman act. although TIL.
| repeal of that at means the stoppaEe of the
| issue of more than = ,"".n"' ever month, mus
shutting OF the supply If finds tor the bust
| hes of the country in III" midst OF the terri
| be conditions which surround us and ignoring
the fast that to hold tn" balance level bet wecN
! the debtor and creditor classes the supl IL OF
| currency must increase side by side with tho
| incr, ase of population and business. and that
| in this nation the growth of population is at
| the rate Of about 81 per cent. every ten wears
while the increase of husiu' So is much greater
and
| sti.ntion. Daniel Webster. said: Gold ane
| silver at rates fiXct. by CONGRESS, constitut,
the legal standard of value IN ills country
| and neither Congress nor any state has aEtho
ity 20 establish any Other standard or to dis
| place hat Standard. ana
| WHEREAS. The Hon. James g. Elainc. quot
| ing this utterancc. adds: ON the much veXet
and long ,nooted question a. to the hi!netalli'
or monometailic standard my own views ar'
made, | believe the struggle now goinl
i'll this country and in other countric
for single gold standard would. if sue
cessful. produce widespread dlsast r in and
throughout the commercial world. The dc
struction OF silver rs money and establishing
gold ia the sole amt of value must have
rain ffpt n a n
those investments which yield fixed return
in money. These would be enormously Ell
HANGED in value and would e.in a disprOrOr
tionate and unfair advantage over every o,he
specie: of pIon"rty: IL, as the mos reiiabi
e St atn Emit IN are ne1 MoSd
equally divided between gold and silver.
| is impossible TO strike silver out of rxistenc
as money without results which will prov
d,stre-si to millions and utterly dlsas trou
, to tens OF thousands.
Money of the Constitution.
Again he said: Il believe gold and silvc
coin to be the money o. the Constitution, il
| deed he money of the American people, a.!
terror TO the Constitution which the great OF
panic law recognized as quite independent c
rs OWL eN~}t,afs Hor""at VA S"niHrret re-,
money. Congress has therefore, il my jud4
lnent no power 70 delnonetize both:
favor OF rernoncti2.ng il. If is coinage la
been prohibited an il favor OF oricyln. it I
be resumed. am in favor of having i. q,
WHEREAS. The present Secretary Of Il
| Treasury, the lion. John q. Carlisle. on I'll
floor %. .hc House o REPRESENTATIVES +. b. :.
Is. said. Il know That tie worlds stock
precious metals is none 30 large, and see Il
reason 20 apprehend that it will ever bcct II
ST.. Mankind vi hn or.una-c indeed. i! Z!
annual production Of Il and silver coin -ffa
Isc;, pace with tie annual increase of .,ofprl.
! ton commerce. ard industry Ace rtiins !
nv views q. he ~U'}i"ct thu COnSI lra.E while
! -, 20 hav" been formed here an IL LurH !
I destroy. by leg. att II AID otherwise, frol
| rh-en-~eyertGS - NGt-ilhlt of II: met al
money ~ the Il i the most i .a'.lc erin
OF tins any u her agt The C. !, -ln'iiat ia
h @ct.tlE would rltilnatciI cil-aii .iipl
misery Upon he human ia =" nan all he war
Ie~cilencc>. ard .a-r 4 = that ever &C cured
: Il history % tho wur Il.
=. Te absolute and i.lst t;lleol2s .te truc. 10
OF halt the entir" 'EoTabi" property OF IL
world inc.udlnc houses. ships, railroads a.!
. all other Appliances for ccrrvin., n com me r.
| while = WDu Il to tel- mere -efislbly at =
. ! moment. would not produce anything Ike Il
y pro o.Eei Il stress and Gi-0rla9}katiCn OF -
: cie.y that must inevitably result from y
per-naIlr,lt II ilal ii Of .e 1Ii-t allie meme