The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1893-08-03

livered by ex-senator Hill of Colorado, and
Senator Allen, of Nebraska. Finally the
convention took recess, and on reassembling
the resolutions committee presented its report
The Lengthy preamble, after stating that
bimetallism is as ancient as human his
tory, speaks Of the efforts of the mono
metallists to 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 la
Dor, arresting enterprise, impoverishing
the toiler and degrading mankind. The
preamble quotes at length from the utter
ances of James G. Blaine, Daniel Web
ster and Secretary Carlisle in favor of BIZ
metallic currency and from Senator Sher-
man against the dangers of monetary con-
traction. The platform declares:
There must be no compromise Of this
question, All legislation demonetizing sill
verand 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be Immediately and completely repealed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 the
founders Of the nation, and which con-
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
TO 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
tho equal terms, at the old ratio of 16 of
silver to of gold. Whenever 4121S grains
of standard silver are worth 100 cents in
the United States they will be worth that
sum everywhere else, and cannot be
bought for less While it will be urged
that such a result would enhance the
price of silver bullion, it is sufficient for us
to know that similar case would be inn
mediately made in the price of every kind
of property except gold and credits in the
civilized world. The legislation to de-
monetize silver has given an unjust in
crease to the 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 the Sherman act of July IA. 1890,
was device of the enemy to prevent the
restoration of free coinage and is greatly
Objectionable because it continues the
practical exclusion of silver from the
II
to a commercial commodity; nevertheless
it's repeal, without the restoration of free
coinage, would stop the expansion of our
currency required by our growth in popu
lation 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
the price of the products of the farmer,
laborers, mechanics and the tradesman,
and plunge still further all commerce,
business and industry into such depths of
wretchedness as to endanger preservation
of free institutions and the very mainten-
ance of civilization, we therefore, In the
name of the republic and of humanity,
protest against the repeal Of the said act
of July a. 1890, except by an act restoring
free bimetallic coinage, as it existed prior
to 1873
We assert that the unparalleled calami-
ties which now affiiot the American people
are not due to the so called Sherman act
of 1890; and in proof thereof we call atten-
tion to the fact that the same evil condi-
tions are now prevailing over all the gold
standard world We are now convinced
that, bad as is the state of affairs in this
country, it would have been still worse but
for the Sherman act. We insist upon the
execution of the laws without evasion so
long as it is upon the statute books.
We would call the attention of the peo-
pie TO the fact that in the midst of all
troubles Of times the value of national
bonds and the national legal tender
money, whether made of gold, silver or
paper, has not fallen particle The dis
trust is not of the government or its
money, but of the banks, which have, we
believe, precipitated the present panic on
the country in an i'll advised effort to con-
troll the action of congress on the silver
question and the issue of bonds. We in
vite the bankers to attend to their legiti-
mate business and permit the rest of the
people to have their full share in the con
troll of the government. We denounce the
attempt to Internationally repeal the
Sherman law as an attempt to secure gold
monometalism, In fragrant violation of the
last national platform of all the political
parties.
The first speaker of the afternoon session
was John b. Lennon, of New York, repre-
senting the executive council of the Amer
can Federation of Labor. The Federation
people, he said, are silver men because
they are union men.
There was great applause when Cover
nor Waite, of Colorado, was introduced as
the next speaker. A number of enthu-
siastic delegates had been bowling for two
days for Waite, and when the chief execu-
tive ot the Centennial state mounted the
platform their cup of Joy was overnowing.
Cheer after cheer was given by delegates,
(ooNtiRssd on fourth pagsl