The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1893-08-09

pension Of enterprise, bankruptcy and dishster.
1t means the ruin OF all dealers whose debts are
twice their business capital, though one-third
less than their actual property. II means the
fall Of all agricultural production without any
great deduction OF taxes. Would man dare "a
build house, railroad, q factory or barn
with this certain fact before himf''
Therefore, In view OF all these facts, we de.
clare: N
Flrst-That there must be no compromise OF
this question All legislation In demonetizing
silver and restricting the coinage thereof must
be Immediately and completely repealed by an
act restoring 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 undoing the cor
rupt work OF Ernest Seyd and our foreign enc.
mics Is an insult to the dignity Of the American
people, crushing burden on their prosperity
and an attempt to place us again under the yoke
from which George Washington rescued US Il
We protest against the financial policy OF the
United States being made dependent upon the
opinion or policies OF any foreign government;
and assert the power OF this nation TO stand on
Its own feet and legslate for itself upon all sub
jects .,s5. ,....',.. \ s
Second-We assert that the only remedy for
our metallic financial troubles is to open the
mints Of the nation TO gold and silver on the
equal terms at the old ratio OF sixteen Of silver
TO one OF gold. Whenever silver bullion can be
exchanged OF the mints for legal tender silver
dollars worth one hundred cents, that moment
4i2h grains Of standard silver will be worth one
hundred cents; and as commerce eoualixed
the price OF all commodities throughout the
world, whenever Ii2x grains Of standard silver
are worth one hundred cents in the United
States they will be worth that sum everywhere
else and cannot be bought for less. While 1t
will be urged that such a result would enhance
the price OF silver bullion, II is sufcient for US
10 knoy that o similar case would be immedi.
atey made in the price OF every kind OF prop
erty except gold and credits In the civilized
world 1t would be q shallow selfish class that
would deny the mining industries AT the cost Of
bankruptcy 10 the whole people. Legislation
to demonetize silver has given an unjust In
crease to the value OF gold at the cost OF the
prosperity OF mankind wheat and all other az.
ricutural products have ridden side by side
with silver.
Third-That while the Sherman act" Of July
II, 1890, was device OF the enemy TO prevent
the restoration Of free coinage, and Is greatly
objectionable because It continues the practical
exclusion OF silver from the mints and reduces
1t from money metal to commercial com
modify, nevertheless its repeal, withou, the
restoration Of free coinage, would stop the OK.
pansion OF our currency required by our growth
in population and business, widen still further,
the distance between the two precious metals,
thus making tho return TO bimetalism more
dificult greatly increasing the purchasing
power OF gold, still further break down the
price OF the products OF the farmer laborer,
mechanic and tradcsman, and plunge still farth-
or Gil commerce, business and industry into
such depths Of wretchedness as 10 endanRer
peace, the preservation OF free institutions and
the very maintenance Of civilization we there
fore, In the name OF the republic and OF human.
ity, protest against the repeal OF the said act
OF July Il, 1890 except by an act restoring free
bi'metallio coinage, rs existed prior to 1873 We
suggest that the maintenance OF bi-metallism
by the United States at tho ratio OF 10 TO will
Increase our commerce with all the silver using
countries:of the world, containing two thirds Of
the world, without decreasing our commerce
with those nations which buy our raw material,
sud will compel the adoption OF bimetallism
by the nations OF Europe sooner than any other
means.
Fourth-We assert that the unparalleled
calamities which now afiict the American peo-
plo are not,due to the so.called Sherman act OF
1890, and In proof thereof we call attention 10
the fact that the Same evil conditions now pre-.
vail over all the gold standard world We sre
convinced that bad as is the state OF Affairs in
this country II would have been still worse but
for the Sherman act by which the nation has
obtained to some extent an expanding circuia-
uon, 10 meet the demands OF q continent in pro.
cess OF colonization. and the business exigen.
oies OF the most energetic and industrious race
that has ever dwelt in the earth, and we insist
upon the executing Of the laws without evasion
80 long as IL Is upon the statute books and upon
the purchase OF the full amount OF silver each
month that II provides for, 10 the end that the
monthly addition 10 the circulating medium the
law secures shall be maintained
Fffth-That we would call the attention OF
the people to the fact that In the midst OF all
the trouble OF the time, the value OF the national
bonds and the national legal tender money
whether made OF gold. silver or paper has not
fallen particle The distrust is not OF the gov.
ernment or its money, but OF the banks, which
have as VIC believe, precipitated the present
panic on the country in an ill-advised effort TO
control the action OF congress on the silver
question and the issue Of bonds. We invite the
bankers TO attend TO their legitimate business
and permit the rest OF the people 10 have their
full share in the control OF the government In
this way they will much sooner restore the con.
hdence which Is so necessary TO the prosperity
OF the people. II must not be forgotten that
while boards OF trade, chambers OF commerce.
bankers or money dealers are worthy and yalu
able men in their places, the republic can more
safely repose upon the great mass OF Its peace /
ful toilers and producers; and that this ''busl
ness mans age" IS rapidly extermlnating the
business men Of this country. The time has
come when the politics OF the nation should ro- d
vert as far as possible TO the simple and pure
condition out OF which the republic arose. We
suggest for the consideration OF our fellow citl.
zens that the refusal OF the opponents OF bi.
metalism TO propose any substitute for tho
present law or to elaborate any plan for the fu-
ture indicates either an ignorance OF our inan.
cial needs or an unwillingness TO take tho pub
lie into our confidence; and we denounce the
at empt TO Internationally repeal the Sherman
law rs IN attempt 10 secure mono-metallsm In I
fagrant violation OF the last national platform
OF all the political parties
The convention listened quietly to
the reading of the preamble, but when
the resolutions were reached nearly
every one was punctuated with ap-
plause. The resolutions went through
with rush, only one negative vote
being proclaimed.
While the hands of the clock were
pointing TO 9, Chairman Thurman man
aged TO bring down his gavel and the
silver convention was over.