The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1893-08-04
SILVER ADVOCATES.
Tho Great Silver, Convention
Meets at Chicago. - t.i1

| Tho Great Silver, Convention
Meets at Chicago - 1si1
ten. Warmers Opening Address-Allen ".
Thurman Presides-He.Is Against y
the Unncondition Repeal of
the sherman Law. -gl
! CHICAGO, Aug. 2-The national con-
| vention of the American Bimetallic
league met yesterday and the attend
ance was larger than that of any
previous assembly of1ike character in
the history of financial agitation. The
First Methodist church auditorium wac
| overcrowded an hour before the meet
| ing was called to order and il wae
early apparent that a larger hall
I would have to be sought for future sesr
sions
I When Gen. A. ]. Warner called the
convention to order, scores of delegates
were obliged to stand in the aisles, but
all took the Inconvenience good ma
turedly. In a few words Chairman
| Warner introduced Mayor Harrison,
who welcomed the delegates to the city.
Chairman A. j. Warner of the Bi-
metallic league then delivered his open
ing address 1.-The most extraordinary
condition of affairs" said ,he,'' meets
the assembling of this convention AL
most perfect peace prevails over the
world; the earth is yielding her fruits
in unusual abundance, and rich har-
l hnsv L. lo-s
favoring skies There is enough and
to spare, and yet never before in
the history of the country has there
been such widespread fear and distress;
never before such loss, of confidence
and destruction of credit. Industries
are everywhere breaking down and la.
borers by thousands are thrown work.
less on the streets with want staring
them in the face. Z Scores Of banks,
most of them we'll managed and show.
ing assets which under under ordinary
circumstances would place them
above suspicion, are driven to sus-
pend. There has been a. shrinking
! of hundreds of millions in the value
of stocks and other property and in
agricultural products. TO attribute
all this condition to the present silver
purchasing law of the United States is
absurd. Under this law since 1890,
$3.50, 600, 600 have been added to our cur
rency. Does anybody believe that the
presence of this $50, 600, 600 makes
money scarce and dear? Would we be
better off if we were out of it? The
real object lesson of the situation is
very different from that which the gold
! conspirators intended.
/ 'It enables us to see the beginning
' of the shrinkage in prices that must
take place in order to go to purely
gold basis. The trouble is in the
change in the money standard. The
| value of money may be doubled either
by doubling the weight of standard
coins or by destroying half of the metal
out of which coins are made. One is az
effective as the other. The establish
ment of single gold standard is
! equivalent to putting the value of two
dollars into one. 1t is doubling the
| unit and putting property down one
half. This is what is going on. To do
this and still require the same number
of dollars in payment of debts and
taxes is to sanction the spoliation of
one class by the other and the talk of
such standard as honest or such a
policy as sound finance is the rankest
Hypocrisy" -,-s.{s.g l.i,
Referring to the act of 1878, Gen.
Warner said: ''The members of con-
gress, the speaker of the house who
signed that bill, the president who ap-
/ proved it, never knew that it demone-
tized silver. There was but one man
H. u
demonetized silver; and yet he has
never been hung orshot, for treason.
[Great applause at this allusion to John
Sherman. - E t-re-' -
''That act will be known in history as
the demonetization of 1873. Let the
memories of those who stand connected
with it rot in oblivion" [Great ap.
plause. AZ sra.
Gen. Warner said that he was willing
to have the act of 1890 repealed If the
other Sherman law, the act of 1878,
could be repealed by the same bill
Both Sherman laws should go together
and the country be placed back upon
the constitution and the law as il
stood before 1873. 'v =
In his conclusion the speaker de-
nounced the metropolitan newspapers
of the country as being controlled by
the money power and characterized
their editorials as being but the in
spiration and the bidding of the gold
bugs instead of the conscientious ex-
pressions of the writer's. The people
to win, must win against all these ag-
tgregations and influences of capitalistic
powef. ~
On reassembling in the afternoon the
committee on permanent organization
reported, d,recommending ALLEN w. Thur
man, Of, Ohio, as permanent chairman
of the convention. The report wasrati.
fed by unanimous vote and Mr. Thur
man, being introduced by the reading
chairman, was received with great ap
4 plauseA =
He spoke with emphasis against the
unconditional repeal of the Sherman
law. -
In response to general demands T. ".
Powderly, of the Knights of Labor, I'D.
dressed the convention briefly.
Central Music hall was crowded to
the doors last night by friends of silver
assembled to listen to speeches by Sen.
ator Stewart, of Nevada, and Congress
nan Bryan, of Nebraska
,Auotments Nearly Made.
ARKANsAs CITY. Kan, Aug. al. w.
Duncan, who was appointed to allot
the lands in the Cherokee strip to the
indiana who are entitled to quarter
section, was in the city yesterday. He
says that he expects to finish his work
in aweek or ten days. Fifty-nine have
/ n atrpadv faEou their clasuns ond he
thinlnL that three or four more will es-
tablish their right to do so. Yesterday
morning the Bushyhead stone quarry,
miles south of this city, was surveyed
and allotted to J, C. Bushyhead, SON OF