The herald., 1893-10-05
.PAN-AMER|CAN B|METALuSTS,
Proceedings Of the Convention
at st. Louis.
Stirring Addresses and Emphatic
Resolutions.
The West and South to Combine for
Mutual Protection Against the
Rspacity of the Nom
eyed East.

morning, letter OF regret and sympa-
thy from A. J. Warner, Washington, D..
c., Congressman Bland, Governor Fish
back of Arkansas, T. L. Nugent of
Texas, David O'Bermeyer of Kansas
and others were read.
Walter N. Allen of Kansas was intro
duced and briefly, las a farmer" ad-
dressed the convention, pleading for
free coinage, but more especially de-
nouncing what is known as the "exclu-
sion clause in the silver act which
provides for naming any other money
than silver in contracts if 30 desired.
With this as text he argued that the
silver dollar was even now demonetized,
| for it was in the power of individuals to
refuse to accept it.
"No international bi-metallism, with
Great Britain included, is possible" )" was
the title of paper read forthe author by
Captain G. A. Power OF Kansas. Its
argument was that Great Britain, as q
creditor nation, controlled the world.
On behalf of the Knights of Labor
delegates present, I. A, Osborne of Kan
sas presented the convention an address
mdorsing its objects. Incidentally it
urged the convention to educate and
vote, instead of remaining ignorant and
having to shoot.
The Colorado delegation presented for
the consideration of the convention the
bullion bureau plan, which is to be
urged upon the state legislature of Col
orado. Under the bureau plan the state
should receive bullion for storage on the
basis OF units, such units to consist of
371N grains of pure silver, and certifi-
Gates of such receipt OF units to be re-
ceivable within the state for taxes and
lands, except school lands, water rem
tails, interest, and all other dues to the
state. Recess.
At the afternoon session, while wait
ing for the report of the committee on
resolutions, several speeches on the sill
yer question were listened to. Governor
Stone OF Missouri said it was his convic-
tion that free coinage was for the best
interests OF the people. He favored the
maintenance OF the existing ratio, 16 to
l. Any change meant the payment oi
debts in different amounts from which
contracted. He expressed the convic-
tion that the supply Of silver. instead OF
becoming too great for the demand,
would actually prove too small. The
| question OF aectionalism connected with
the convention was sheer nonsense. He
desired neither political, commercial nor
financial independence of the east. He
was simply tired of dependence upon it.
He had for years felt the necessity OF
closer relations between the people oi
the south and the west in the pro-
lection of their own interests
not in hostile sense, but
as measure OF self-prorection.
The nine northeastern states, whether
in national banks, state banks, or loar
and trust companies, possessed together
bankable resources equal to about 55
per cent of all in the country. against
45 per cent possessed by all the other
states and territories. From this came
a mute appeal to the convention to pro.
tect the people from the rapacity of the
east, and to assert their refusal to be
dependent further; not secession, but
CO operation OF the west and south in
advancement OF their own community
of interest.
The ommittee on resolutions then
presented lengthy report. 1t declares
Whereas, the producing manufactur.
ing, mercantile, financial, Transports
tion and other business interests of the
| Onlbcu Obhto6 aI0 paialyLcQ NY ta6 uul
versally confessed lack of actual money
trade, and whereas, the conven.
tion believes in. giving full
and legal power to every dollar bearing
tisl for congress to take such action rel.
alive to the coinage of the two money
metals as will restore silver to the posi-
ton it had in 1878. The present deplor
able condition of the interests of the
country is the fruit of vicious fnancia
system established by and maintained
in the interests of plutocracy, which
threatens the liberties OF the people
and united action is necessary. The
western and southern states and terri
tories by all their capabilities and re-
sources are happily fitted for mutual in.
tercourse and dependence, responding
alike to the same benefcent or detri
mental influence and efforts, whether
legislative, financial or commercial.
The resolutions declare it the sense Of
the convention, in view of these facts
and of continued fragrant disregard O
the vital interests of the great producing
states, by the dominant influences in
the national centers, financial and polit
icsl, that a closer alliance between the
inhabitants of the west and south is i'm
peratively demanded for the purpose o
mutual protection and advancement
along all legitimate lines.
"We assert that while this is true o.
the southern and western states" con.
tinuee the report, lit is also true thai
the manufacturing states of the east
cannot enjoy prosperity while the south
and west are depressed and not provided
with money to purchase the products o.
their factories. Free coinage of eilvel
on the basis demanded below, has beer
repeatedly invited, and is conceded to
be necessary to the upbuilding of true
relations of iucalculable magnitude be
tween the United States and the sister
republics of North and South America. .
The resolutions then demand free and
unlimited coinage of silver at the estab'
lished ration of 16 to /, giving to such
coin equal legal tender powers with
gold unslterably oppose this repeal oi
the Sherman law except by the passage
of law providing for free coinage. The
representatives in congress are instructed
to instruct the president to issue cal
for an early convention of all the ma
tions interested in and favorable to free
coinage of silver at the ratio named, fol
the purpose of establishing closer com.
msrcial and financial relations with
them.
They further declare that the total
amount OF gold now in existence OF
| cgpable of production under the