Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-08-02

OF States called for the appointment Of
the committee on resolutions.
The roll WAS called and the commit
tee on resolutions appointed, among
whom we're tue following:
Colorado, Thomas Nj. Patterson; Dis
trict Of Columbia, Lee CraBdal; Nevada,
n. f. Bartine; Maryland, II. c. Saffet;
New York, 81. Alden Spencer; Nebraska,
W. J. Bryan; Pennsylvania, John f.
Davis; Ohio, George A. Gruf; Virginia,
/. l.. Johnson.
A list OF vice presidents was an
nouuced, Que member from each State
aud the question Of preparing an address
to the people and memorial 10 Con-
gresS was after some discussion referred
10 the Committee on Resolutions.
Al this point Chairman Reagan and
special committee escorted the new
president, Allen w. Thurman, TO the
stage. After the applause had sub
sided Mr.. Thurman spoke in part as
follows:
Mr. CHAIRMAN AND GENTLEMEN OF THE
CONVENTION The fight between those
who believe that the circulating medium Of
this country should be hard 1aoney-tnat
is real money, gold and silver, and paper
redeemaDle in the same and those who be-
lieve in the use Of soft money, that is paper
promises % pay money, redeemaole IN 9TH
er promises 10 PAYS on.
Since the late demand in the East TO
have the government issue bonds, and the
cry that is now made for the uncondl-
tiOnal repeal Of the Sherman law, charging
il regardless OF facts, with all the ills that
flesh is heir 70, ought 10 make this per-
fectly apparent 20 every thinking
man, for should the Sherman law
be repealed without substituting any
thing in lieu thereof, it means
the tnal destruction Of silver money IS a
measure Of value, and no man can tell
when il will ever De again restored to its
former place. No matter what may be
said 10 the contrary, this means for years
acd years 20 come its reduction 10 token
money, after which the issue resolves IL
self down simply 10 the question whether
the paper money OF the country is TO be
issued by banking corporations upon the
debts Of the people or upon other
kinds Of corporate securities or whether II
is TO rest upon the broad and safe basis OF
gold aud silver. This is so, because gold
alone certainly cannot afford q sufficient
basis upon which the amount of clrculat-
ing medium required by the people OF this
country can safely rest. If this is not so,
why Is il that we see this tremendous
scramble for the yellow metali IL there is
not only sufficient amounS
Of gold with which 10 carry
on all the worlds commerce, but also
sufficient amount upon which the credits
of tue world can safely rest whv is IL that
Whenever any Of il TO any amount, oegtns
70 fow from one country 70 another, that
simply OOeys the natural laws OF trade, we
H. al 81 q vat
everyone knows that we do, and 10 regain
IL, exOrbitant premiums are paid for 1t.
II things are as they should be, where is
there any danger, because a certain amount
of metallic money leaves the COuntryl We
do not give IL away, do wei On the con-
trary, don't those who take it give value
received for i'll and is il not this what
money is used fori II this be trne, and
defv any one 70 prove to the contrary, why
then is IL dangerous 20 use II, and more,
why is it particularly dangerous to
use il out OF the United States, II
by doing so we can obtain more in ex-
change for il, than we could II we only eX-
changed IL between ourselvesi Money in
this sense is simply changeable commo-
dity, lust like any other commodity aud If
IL Is advantageous at some time 10 eX-
change other commodities with people
other than ourselves, why is il not so with
this onsl When things are in a normal
condition no harm can follow, but when
they are not normal, when the
basis upon which things rest is
not an ample one, then it will
prove dangerous TO have any Of this basis
taken away, but this proves nothing other
than under such conditions 1t is dangerous
10 use money in the way Ia which IL was
intended 70 De used, and when you cannot
use things IN this way something IS wrong.
That is the condition existing to-day,
most firmly believe, and therefore II our
circulating medium is to rest upon gold
alone, practically the whole Of IL will be
based simply upon faith, and upon faith
means fiat money.