The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1893-08-11

same proportion tho value Of wheat, corn
pork. beef, cotton and the wages Of labor
We hear much about ovcrproduotion, law 81
supply and demand, .otc., but With thS sihel.
standard gold men OF EUROPE, who have the
relns ID their owh hand, thcrc d not the sapit
eat ATTEMPT u dodge the Issue.
Governor Waite denied that In the broad
scnse silver 10 local question and said hi
could prove from Official statistics that tn,
loss to the agricultural states from the search
ty Of money occasloncd by the refusal Of fret
coinage, in each state In the great Mississipp
valley, Is from ten to twenty times the los
sustained by Colorado lie denounced the
proposal to change the ratio of coinage.
In closing, Governor Waite said:
Who Ia Grover Cleveland, and who 10 Ben
jamln Harrison, and who nre their supporter
In Wall street and Chicago that they dars as
sums TO drive into poverty and exile half I
million Of American frecmeni There's nj
use crying peace, when there Is no peace
Most dangerous tyranny 10 that enforced un
der the forms Of law. Our weapons arc ar
gumcnts and ballot-frec ballot and fall
count. II the money power shall attempt Il
sustain It's usurpation Of our rights ty strong
hands, as In other lands, we will meet thai
issue II It 10 forced upon us; tor II Is better
Infinitely better, rather than that our liber
ties should DO destroyed by tyranny thatis OPP
pressing humanity all over the world, thai
we should wade through seas Of blood-yeal
blood to the horses bridles."
Ex-Congressman Pierce OF Tennessee, the
lieutenant Of Chairman Bland Ia the lasl
Congress, was received with great enthusiasm
and proceeded TO make aspcech which was the
sensation Of the day In the arraignment Of Pres
licut Cleveland. In the course Of his remarks
he said:
say to-day MS Democrat, that Grovel
Cleveland, the man from the East who claimi
to-day to represent the Democratic party doe
not represent 1t, but misrcpresents It's posi-
tion on this question.
Several kilograms were read pledgIng DIFF
fcrent Knights Of Labor organizations in tn,
East to the free coinage Of silver.
Judge G. C. Goodwin Of Salt Lake City fol
lowed in half-hour speech, which was loudl,
applauded. Judge Goodwin was called GU
Of the crowd and his speech was such mix
turc Of humor and seriousness that 1t wns
decided relief to the convention.
The report Of the committee on resolution
was now read to the convention by Hon
Ignatius Donnelly, interrupted by frequcn
applause.
Whereas, Bl-metallism Is rs ancient rs hu
man history; for certainly more than 500
ages hand In hand; their relations to eacl
other having varied but few points In nj
that vast period Of time, aud then almost In
variably through legislation: and,
Whereas, The two metals are named to
gether, indissolubly united, In the constitu
ton Of the United States ns the money basil
OF this country; placed there by George
Washington, Thomas jefferson, John Adams
Alexander Hamilton aud their associates, and
subsequently endorsed and defended by An
drew jackson and Abraham Lincoln; and,
Whereas, Silver, one OF these ancient
metals, was, IN the year 1919, without pre-
vious demand by any political party, and by
any part Of the people. or even by any news.
paper, and without public discussion what
ever, stricken down from the place II had oc
cupied since the days Of Abraham and tn,
secrecy that Allan q. Thurman, James Beck,
William Ewart, Daniel voorhees,. James q.
Blaine, then speaker Of the House; James A
Garfield, William ID. Kelly, and Others pre-
cnt and voting for the bill, us senators or rep
rcscntatiycs, subsequently and publicly de
clared that they did not know, until Ions
afterwards, that so grave and great chang,
had been made In tho financial ystcm foundc,
by the fathers II the Republic; and,
Whereas, The debates In Congress- show
that the parcniagc 81 the measure was In par
ascribcd, by the friends Of the bill, to ont
Ernest Seyd, London banker, who, l. 4
claimed, was sent over TO Washington by tn,
moneycd classes Of the old world to secur,
It's passage by secret and corrupt means
and,
Whereas, President Grant, who signed III,
Am a H.
Mfsss,n fhs pSipSss x aA-..
one Of the Two ancient precious metals OF tho
world, was by striking down onc-haif Of tb,
money supply, tG-wit: Silver. 10 double th,
purchasing power Of the remainder, gold, b,
making Il the equivalent Of more Of every
thing possessed or produced by the labor .
man; thus reducing the price Of all commodl
ties, Arresting enterprise, impovcrlshing tn
ioIlcr and drgcnerAiing mankind. Thn
thcsc results were not only Inevitable, bu
foresecn, appears by the following language
used at that time, by the then president o
the Bank OF France, who said: III by strok
Of the pen they suppress one Of thcs. metals
In the monetary service, they double the dc
mand for the old metal, to the ruin Of oil
debtors;" aud.
Whereas, The awful consequences thu
prophcscd are now upon tho people Of ih,
whole world. We stand In tho midst Of un
parnllcled distress and IN the shadow Of I'm
pending caiamitics which arc beyond estimatr
The ruling industry Of the people who inhabl
one-third Of the area Of this republic, In
been stricken down, the property values de
siroyed and the workingmcn compelled to d,
as II from pcsi.lencc. Everywhere over thi
broad land, the honest toilers, numberin;
hundreds Of Thousands, have been thrown GU
Of employment and will have 10 eat tho bItte
bread OF charity or s'nrvc. the products Of In
dustry, Of the farm aud Of the workshop hav
deprecated In price ns shown by official AMI
public statistics, uniil production ceases II
I've profitable; the money Of the country mad
equats for the business Of the land. hns gray
iiatcd 10 the banks, while the people. distrus,
Ing the banks, have demanded their deposit
to hoard or hide them. Mercantile house
arc going 10 the wall by Thousands bccaus
the masses have not even tho means TO bul
the necessities Of life. To supply the lack o
currency the banks Of the great cities hay,
issued a substitute for money, unknown Il
the lava, called clearing house certificates
The movement OF the great crops nov bein.
gathered. demands vast amount Of currcnc!
which the banks arc unable TO furnish, AM
In tho midst Of these conditions tho dali
press are clnmorlng for the repeal Of the nc
81 July II. 1870. called tho sherman act, oil
though the repeal Of that net means the stop
page Of the Issue u more than t3,O0O,00O o
uiuUry rNtfl uuntn. tnu. tHuttlng uu tni
supply Of fund. for tho business Of the com
try In the midst OF the terrible condition
which surround ua, and Ignoring the fact TIM
to hold the balance level between the drbio
aud creditor classes the supply Of currcnc,
must increase side by side with the .incrcn,l
of population aud business, and In this ma
iIon, tho growth u population Ia at the rat
Of about ~ per cent. every ten years, Will
the Increase Of business IL much greater
aud,
Whereas, The great cspoundrr Of tho con
stiluiion, Daniel Webster, said gold an
silver, at rates iigsd by the congr~ss, consii
tntc the legal standard 81 value In this coun
try. aud neither Congress nor any sta,r ha
authority To establish any other standard, u
10 dsplarc that Standard" and,
Whereas, The Hon. James u. blaine. quo,
Ing this utirrancr. ndisi "On the much yrsr,
aud long mootrd question 81 a bi.tnrtAllic o
mono.metailic standard my own Views ~,
sufficiently Indicated In the rrmnfks hav
made. believe tho struggle nov going OF
IN this country nni In other countries Tor
single gold standard would. II successful
produce widespread disaster IN aud through
cut the commercial world. The destruction
u silver rs money and establishing of roi =
tho solr unit % value must have ftibuu