The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-08-03
READY FOR FIGHT.
All Demands of Silver
Formulated.
JUSTICE IS ASKED FIRST.
There Must Be Equality Between
the rletals.
THE LESSON OF THE CENTURIES.
If Europe Governs This Country Then
1t Is Time for New Rev0-
luton.
THE LESSON OF THE CENTURIES.
Special TO THE MORNING CALL

CHICAGO, Aug 2.-The silver conven-
tion resumed its session this morning.
Owing to the inadequacy of the rooms
used Yesterday, it was decided to meet in
Central Music Hall. but the agent stood at
the door this morning and refused to open
it until ex-senator Hill, ex-Congressman
Symes and c. S. Thomas of Colorado
guaranteed $500 per day rental. tHhis
done, the delegates flocked in and Presi-
dent Thurman called the convention to
order.
A resolution by j. S. Daugherty of Texas
for the appointment of committee Of one
from each State to devise plan for i'm
pressing upon Congress and the people
of the United States the impending peril
threatening the ruin of the material inter-
ests, of which we have only had fore
TASTE" was referred to the committee on
resolutions. after discussion.
Then ex-senator Hill of Colorado ad-
dressed the convention on the silver Qnes-
ton. His arguments were chiefly based
Oh statistics tending TO show that the
adoption of the gold standard in any
country is invariably followed by decades
Of poverty and depression. He said the
divergence between the value of gold and
silver is now greater than when the
United States Commission made its famous
report, and no boundary can be set to the
divergence that may be reached hereafter,
especially If the forem ost slver-producing
country in the world shall lend herself to
the attempt being made 10 establish uni
versal gold standard.
The scarcity of gold had nothing to do
with the present depression. The amount
of money now locked up and hidden away
is more than double the amount of gold
now In this country. The supposition that
by repeating the Sherman act. thus bring
ing on a great fall in the price of the
metal, we could force Europe into a
bmetaliic treaty, is delusion.
Ii we are driven by conspiracy TO re-
vert TO the single standard we should by
all means use silver. Ii we restore silver
10 its old place as a money metal by un-
limited coinage. and if. under the force Of
circumstances over which we have no con-
troll, our gold should be drained away, we
will still maintain the first position among
the nations of the world and compel Eng
land. Germany and France to at once
adopt bimetaIlism.
In concluding he declared IF West
ern Europe perseveres in measures which
raise the value of gold, so that it shall
flow from US and we become silver coun-
try, we will be carried TO pitch of pros
perity transcending all the past, and
Western Europe will be plunged In the
abyss Of ruin"
At the conclusion of Hill's address Hon.
J. R. Doolittie of Wisconsin presented a
resolution declaring 1t the duty of Con-
gress TO coin both gold and silver in such
a ratio Of weight that the bullion in sill
yer dollar shall equal il value the bullion
in a gold dollar. Referred to the CON-
mittee on resolutions.
Congressman F. G. Newlands of Nevada
followed in an address reviewing Con-
gTessional legislation on the liver ques-
tion. England" he said, sis the greatest
gold-Owning power iD the world. We owe
her 5000, 200, 900 in gold, which she can call
for any day. If the draft of 500, 900 900
recently made worked such disaster in
this country what would it do if she called
for the whole lot?
England has the gold of the world and
knows how TO legislate for her interest
we have the silver of the world and Go not
know our own interests. AS the tax on
tea led TO political Independence, the pres
ent blow at silver might lead to financial
independence"
United States Senator Allen of Nebraska
produced much enthusiasm by brief but
stirring speech In which he pledged the
Peoples party to the cause Of silver. The
Populists in the Senate would not be found
wanting in support of free coinage at the
ratio Of to 16.
He was followed by Hon. c. S. Thomas
of Colorado in a brief speech. He de-
clared that gold and silver was the money
OF history and civilization. The avarice
Of man had declared an artificial and in
famous divorce between the metals.
Inc silver men were called lunatics and
cranks, but they were proposing merely to
return TO system hallowed by the history
of 1000 years.