The morning call., 1893-10-05
SECESSION NOT FAVORED
But the West and South Have
Common Interests.
MONEY CoNGEsTED IN THE EAST.
1t Is the Duty of Congress to Bring
About a Changed Con.
dition.

Il. fs
American Bimetallic League met this
morning, the COMMITTEES on resolutions
not being ready to report, the convention
proceeded to consider general business.
Letters of regret and sympathy from
A. j. Warner of Washington, ID. c.; Con-
gressman B. p. Blank, Governor William
NJ. Fshback Of Arkansas, T. L. Nugent of
Texas and David Obermeyer of Kansas
and others were read. That of Governor
Fishback was an extensive statistical ar
gument for bimetallism and the use of the
water routes to the gulf and thence to Eu-
rope. thus reducing the freight expenses
there by giving the Mississippi Valley the
position it deserves in the commercial
world.
With the finishing Of the reading of the
letters Walter Fl. Allen of Kansas was In
troduced. and he briefly, as a farmer, ad-
dressed the convention, pleading for free
coinage, but more especially denOuncing
what is known as the exception clause"
in the silver act, which provides for the
naming of any other money than silver in
contracts, If so desired. With this as q
text he argued that the silver dollar was
even now demonetized, for it was In the
mo International bimetallism with
Great Britain included is possible" was
the title of paper read for the author by
Captain c. A. Power of Kansas. Its argu-
ment was tn at Great Britain as a creditor
nation controlled the world.
On behalf of the Knights Of Labor dele
gates present, T. A. Osborne of Kansas
presented the convention with an address
indorsing its objects. After reviewing in
general terms the present financial and
labor situation. it urges an increase Of the
medium of exchange. pledges opposition
to the destruction of silver as money,
favors free and unlimited coinage of silver
at the ration of 16 to /, and closes with
solution to 'lay aside all other issues for
the present and ask the South and West to
unite on reconciliation of silver" "As
the East is solid against it," he said, $50
let the West and So1tla.tand together and
pay the East its bond according TO the con-
tract, but no more" Incidentally it urged
the convention to educate and vote instead
Of remaining ignorant and having TO shoot.
The Colorado delegation presented for
consideration of the convention the bull
lion bureau plan. which is to be urged upon
the State Legislature Of Colorado. Under
the plan of the bureau the State creation
should receive bullion for storage on
basis of units, such units to consist of
371h grains pure, silver, and the certifi-
Gates of such receipt Of units to be receiv-
able within the State for taxes and lands,
except school lands. water rentals, inter-
est and all other dues to the State.
AT the afternoon session. while waiting
e..
lions, several speeches on the silver ques-
ton were listened to. Governor Stone of
Missouri said 1t was his con viction that
free coinage was for the best interests of
the people.
He favored the maintenance of the ex-
listing ratio of 16 to l. as any change
meant the payment Of debts in different
amounts from which they were con-
iracted. He expressed the conviction that
the supply of silver, instead of becoming
too great for the demand, would actually
prove too small. The question of section
alism as connected with the convention
was sheer nonsense. He desired neither
political, commercial nor financial inde-
pendence of the East; he was simply tired
of dependence upon it. He had for years
felt the necessity of closer relationship be-
tween the people of the South and West
in the protection of their own interests,
not in hostile sense, but as q measure of
self-protection.
The nine Northeastern States, whether
in national banks. State banks, or loan
and trust companies, possessed together
bankable resources equal TO about 55 per
cent of all In the country. against 45 per
hv hn
Territories. From this came the mute ap-
peal to the convention to protect the peo-
pie from the rapacity Of the East and to
assert their refusal to be dependent
further. 1t was not secession, but the CO.
operation of the West and South In the
advancement Of their own community of
interest.
Tho Committee on Resolutions then
presented q lengthy report. 1t declares
that
WHEREAS. The producing. manufactur-
ing, mercantile financial, transportation
and other business interests of the United
States are paralyzed by the universally
confessed lack of actual money to meet the
requirements of trade. and, whereas, the
convention believes in giving full and
equal legal power to every dollar bearing
the stamp of the Government, it Is essen
tial that Congress take such action relative
to the coinage of the two money metals as
will restore silver to the position 1t held
in 1873.
The present deplorable condition of the
commercial interests of the country Is the
legitimate fruit of the vicious financial
system established by and maintained in
the interests of plutocracy which threat
ems the liberties Of the people. and that
united action is necessary.
The Western and Southern States and
Territories, by all their capabilities and
resources. are happily fitted for mutual
intercourse and dependence. respon ding
alike to the Same beneficent or detrimental
influence and efforts, whether legislative,
financial or commercial.
The resolutions declare that IL Is the
sense OF the convention in view of these
facts and of the continued flagrant disre-
gard of TIE vital interests of the great pro-
ducing States by dominant influences in
national centers. financial and political,
that closer alliance between the inhabi-
lants OF the West and South is impera-