St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-02-10
Those voting nay were:
THE sANBoRN RESOLUTION.
The Views of the Majority OF the
Senate on Silver.

The Views of the Majority OF the
Senate on Silver.
- Whereas. The limited coinage Of sill
yer by the United States government
into legal tender money on basis hay
ing no reference to its Intrinsic and
market value in the marts Of the world,
whereby the same has become token
money to the extent of about 25 per cent
of its face value, has disturbed the
equilibrium Of trade, created a>dlStrust
in commercial circles and produced the
most unjust and oppressive results 10
the laboring and producing classes. eX-
cept the class engaged IN silver mining,
in all lands, while it has and does con-
fer the most unreasonable advantages
and unwarranted profits to the capital
of the commercial nations or
Europe engaged in purchasing and
transporting the products OF the
Eastern nations and selling the same TO
the Western nations, enabling them to
buy and pay for such products in the
Eastern nations with this deprecated
silver money and to transport and sell
the same to the Western nations Tor
gold, making thereby not only the or
binary profits made in buying, selling
and transporting the goods. but also the
difference between the value of silver
and gold at the same time; and,
A Matter of seIf-Enterest.
Whereas, 1t cannot be expected that
nations reaping these advantages from
the depreciation of silver will favor or
consent to any policy or scheme that
will result or tend to the destruction of
these advantages, whereby the whole
burden of adopting and enforcing such
a policy is thrown upon the people and
government of the United States; and.
Whereas, Any policy to effect this re-
suit must involve questions pertaining
to the trade and commerce with the
Eastern nations, to secure and control
which better prices must be offered and
paid than have heretofore been paid by
the European nations, and to accom-
plish which 1T is necessary that the
money coined from silver and used to
purchase the products of said nations
should be made of equal intrinsic value
with gold, estimated at the lowest mar
ket price for which silver has been sold
in the marts of the world at any time
during the last century, less proper
seignorage thereon; therefore be 1T
Free Coinage the Only Remedy.
Resolved by the senate and house of
representatives of the state OF Mlnne-
sofa, That the only remedy for all the
existing conditions growing out OF the
limited coinage of silver is the free and
unlimited colnagethereo by the United
States into legal tender money of a
weight and fineneSS that shall make the
nominal value of the coin not more than
10 per cent greater than the market
value thereof in the marts OF the civil
lied world, based upon the loWestpr
OF silver in such martS at any time DUR
ing this century.
Resolved, That in connection with
such free coinage of silver. all proper
aid and inducements should be Afforded
by the United States TO all transporta-
ton companies and lines between the
western parts of this country and the
ports of the Eastern nations, and the
most favorable treaties of
A.nity and Commerce
possible be negotiated at the earliest
time practicable between the United
States, Japan. China and other Eastern
nations, that the products of those coun-
tries used and consumed in the western
nations may be purchased with Amerl-
can silver and be transported directly to
this country in American bottoms, ana
all other silver coin in those nations be
driven from the market.
Resolved, That our senators and rep
resentatives in congress be instructed
to exert all their influence, and to use
all honorable means to induce the con-
gress of the United States to carry into
effect the principle OF these resolutions
at the earliest time practicable.
Resolved, That cOpyof these reSolu-
lions, duly authenticated under the
great seal of the state, be transmitted to
each of our senators and members in
congress by the governor of this state,
at the earliest time practicable.