The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-08-03
SlLVERITES PLATFORM
BimetaIiism Demanded on a Ratio
y Of Sixteen to One.
DANGERS OF A SINGLE STANDARD.

Other Nations-Gevernor waite's Rad
foai viewa Evoko Thunders of Applause.
CHICAGO. Aug, awhile waiting for the
report OF tho committee on resolutions at
the silver convention dispatches were read
from seve al labor unions, urging free sill
yer, and addresses were delivered by ex-
Eeuator Hill, Of Colorado, and Senator
Allen, Of Nebraska. Finally the conven-
tion took recess, and on reassembling the
resolutions committee presented its report
The lcngby preamble, after stating that
bimetallisu Is as ancient as human his
tory, speaks OF the efforts Of the mono
metallist8 Sc create single standard as
an attack on the rights of the people which
would have the effect OF reducing the
price of all commodities produced by Ia
bor, arresting enterprise, impovcrishing
the toiler and degrading mankind. The
preamble quotes at length from the utter
nnces Of James G. Blaine, Daniel Web
ster and Secretary Carlisle in favor of bi.
metallic currency and from Senator Sher-
man against the dangers OF monetary con-
traction. The platform declares:
There rnust be no compromise of this
question. All legislation demonetizinssil
yer and restricting the coinage thereof must
be Immediately and completely repealed
by an act restoring the coinage of the coun-
Try to the conditions established by tho
founders Of the nation, and which coU-
tinued for over eighty years, without com
plant from any part of our people.
We protest against the financial policy
Of the United States being made upon the
opinion or policies of any foreign govern
ment, and assert the power Of this nation
DO stand on its own feet and legislate for
Itself on all subjects.
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 10 of
silver to Of gold. Whenever 4lai1 grains
Of standard silver are worth 100 cents in
the United States they will be worth that
sum everywhere else, and cannot b.
bought for less. While it Will be urged
khAt such result would enhance the
price of silver bullion. IL is sufficient for lis
ko know that similar case wonld be i'm
mediately made in the price of every kind
of property except gold and credits in the
sivilized world. The legislation to de
monetize silver has given nm unjust in
grease to tho value of gold at the cost Of
The prosperity of mankind, wheat and all
other agricultural products that have
ridden side by side with silver.
While tho Sherman act of July IA. 1890
was deyios of the enemy to prevent the
restoration of free coinage and is greatly
objectionable because it continues tho
practical exclusion of silver from tho
mints, and reduces 1t from a money metal
20 COMMERCIAL commodity; nevertheless
It's repeal, without the restoration of free
pcinage, would stop the expansion of our
currency required by our growth in popu
aAtion and besides still widen the difference
between the two precious metals, thus
making the return to bimetallism more
difficult; greatly increase the purchasing
power of gold, still further breaking down
khe price of the products of the farmer,
ghborers, mechanics and the tradesman,
and plunge still further all commerce,
Business and industry into such depths of
Eretcheoness as to endanger preservation
- ef free institulons and the very mainten-
nnce OF civliszatiun, we therefore, In the
pAme OF bhc republic and Of humanity,
protest against the repeal Of the snid &C
ef July IA, 1890, except by an act restoring
free bimetallic coinage, as 1t existed priol
% 1873.
We assers that the unparalleled calamI-
sies which now afIlict the American people
nre not due to the 50 called Sherman act
OF 1890; ard in proof thereof we call atten.
3ion TO ths fect that tho same evil condi.
lions are now prevailing over all the gold
standard world. We are now convinced
Ahat, bad as is the state Of affairs in this
country. 1t would have been still worse but
for the Sherman act. We insist upon the
execution Of the laws without evasion SC
long as II is upon the statute books.
We would call the attention of the peo-
pie to tho fact that in the midst of all
troubles Of times the value of rational
bonds and the national legal tender
q ,sTl, bur do Of ,ygll ell -,
paper, has not fallen particle. The dis
trust is not OF the government or its
money, but Of the banks, which have, We
believe, prtcipitated the present panic on
che county in an i'll advised effort to con.
troll the action Of congress on the silver
question and the issue of bonds. We in.
wite the banker 10 attend to their legiti
mate husineas and permit the rest of tht
people to have their full share in the con
troll of the government. We denouncc The
attempt to unconditlonally repeal the
Sherman law as an attempt to secure gold
monometalism in fragrant violation of til,
last national platform of all the politicn
parties.
The first gpGaLer of the afternoon session
was John d. Lennon, OF New York, repre-
senting the executive council Of the Amer
can Federation OF Labor The Federation
people, ho qIid, are silver men because
tLey are union men.
There wSs great applause when Cover
NOR Waite, of Colorado, was introduced ~
the next speaker. A number of enthu
siastic delegates had been bowling fort
days for WaiIe, and when the chief execu
tive OF the Centennial state mounted tn,
platform their cup of joy was overnowing
Cheer after cheer WAS given by delegates
who stood mp aud waived their hat
wildly, and the ovation terminated will
"three cheers fer Governor Waite.n
Governor Waite spoke at great length
He asserted that since 1873 no congress ha
convened but that majority of boti
houses wsro in favor Of restoring the FREE
eoinnge Of silver. Congress never has beer
able to enact such law because the presi
dent, whether Republican or Democrat
has always been dominated by Wall street
and stood ready TO interpose his veto Th
sffeot OF the gold bug conspiracy has beei
TO increase she purchasing power Of money
or 10 put the statement in another form, t.
decrease the value of sli commodities.
. We hear mach about over production
law of supply aud demand, etc. but auonl
the single standard gold men of Egrope
who hnpa the reins In their own hands
Ahere Is not the snrI,e necessity to lie abcu
~, and no such dishonest attempt to dodg
che issue. Waite thsn quoted from tn
epseob by BAlfour, at Manchester, in Hhic
he ID quotsd as saying: THE gold mOnt
Aary standard In fifteen or sixteen year
mas gene up no less than SOTO a5 per cent
AND as to itu further risa In yal;te no man
san set a limit"
In closing the governor said: "If we
have hscone, under the rule OF the two old
parties only province OF Europt.D mon
archics, then We mead another revolution
another appeal TO arms and to the God oi
hosts" This evoked great applause.
who Is Grover Cleveland and WHO /.
Bepiamin Harrison. and who are the!,
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i Highest of all in Lcavcning Po'