Arizona weekly citizen., 1893-07-15
tee on resolutions reported the follow
M u-h hinh rrb,r, r1or,fod.

ing which where adopted:
| Whereas. Through the attempt
demonetlzs silver in India for tt
purpose of fastening the day when a
the nations cf the earth would be force
TO adopt the single gold standard {
value, rivating the chains of industri
! slavery upon millions of toiling produ
| ers and wage earners, the silver mInel
s upon whom has been imposed tt
{ heaviest burden of taxation ever devise
by civilized government and the farmel
the p ice of whose wheat and Othe
products have kept pace with th
decreased and decreasing prices OF silve
bullion, are no longer bearing tn
burdens incident to a concentrated an
over valued currency. The banker
| whose debtor cannot meet his oblig;
tions, is forced into liquidation an
| bankruptcy. The holder of railroa
| stocks and bonds finds their value
| rapidly and steadily decreasing; none
| cannot be had for development of th
esources of the country, and even legi
| innate speculation feels the hesvy han
of contraction and depression, thu
bringing to home the moneyed classes G
she east the evils of the financial polio
| which they have advocated, an
| encouraging the advocates of bi-meta
ism TO renewed exertions in behalf o
silver; and whereas, the history of th
world shows that the wrongs enduret
by any people were never righted b.
compromise. and the full remonetiZatiol
OF silver has been delay ed and the peO
pie of the United States have beel
robbed and impoverished through the
silver bullion purchase laws of 1S7'
and 1890 accepted by the friends o
silver as a com promise; therefore be i
Resolved, That we, the people repre-
senting the industrial and commerce.
interests o. the southwest, in conventiOi
sssemb' ed. demand the repeal of act o.
congress of 1880, krown as the Sherman
law, ard the enactment in its stead OF {
law providing for the free and Unlimited
coinage of gold and silver upon equa
terms, at the mints, at the ratio of 1853
of silver to one OF gold, as the mos
effective and only relief from thu pre-
sent deplorable financial condition
restoring silver to its constituiio a
place as a morey metal, without com
promise upon the ratio or the legel ten
der quality of the money of either metal
OTHER RESOLUTIONS.
The following resolutions were intro
duced by o. f. Heckelmann, of FL PasO,
and, on motion of IL. Ii. Belts, made a
part of the records of the convent;Oc:
WHEREAS, The people of the United
States. through their representative, in
congress, will shortly be called upon to
decide the gravest and most important
financial question that was ever pre-
sented in the history of our country:
therefore. we, the miners, mining engi-
neers, mill mel, smelter men, assay yers
and metallurgiets of the southwest, in
assembled, in Silver City,
n. NJ July 4th, 1898, desire to present
fo- their information and consideration
the following plain facts and irrefutable
srGumAnts in behalf of the cause of
silver:
First-The recent failure of banks
and other commercial enterprises
the country, the enormous
expectation of gold TO Europe, the
stringency 10 the money
market, have been directly attributed
to tGe evil effects of the Sherman bill,
which provides for the purchase by the
government Of 100000 ounces of sill
YER bullion per month, and the free
silver advocates are being held respOn-
slbe for the passage of the Sherman
act. Both of these suppostlons are
erroneous. During the past five months
the United States government pu
chased 500, ,00C,000 worth of products in
foreign markets more than they sold,
every dollar of which mad to be paid for
in gold. In other words, the balsnca of
trade during the last five months wss
against the United States ID the extent
Of nipety-six millions of dollars, while
during the fiscal yeae Immediately
the balance of trade was in
favor of the United States to the extent
Of S202,000.000. These figures are Official,
and were recently compiled and given
out by the authorities of the treasury
Hence the present
in the money market and
the unprecedented expectations of gold,
and the Sherman law had absolutely
to do wi h it.
Second-The free silver men neither
originated nor advocated the Sherman
aw, but were forced to accept it by the
advocated the circulation and coinage
Of silver dollars at ratio of 16 to l, and
not the storage OF bullion in the vaults
TkiId-If the Sherman act is repeal
I'D at the extra session of congress in
August and the free coinage of silver is
not substituted in its place you will
witness and experience the most colOs-
;al disaster in the wav of failures aud
of operations in the indus
,ries of the world that has ever befa!len
)ur people. Destroy the use of silver
is a money metal and a million men
llrectly employed in mining, milling
,ud smelling IF silver ores, and another
million engaged in the employ of rail-
'oade and other commercial industries
depending on silver mining, will be
brown out of employment to SOW the
;eed of anarchy and revolution.
Fourth-There is not sufficient gold
Produced In the world to carry out the
heory of the single gold standard or
Slxty-seven per cent.
If the gold produced yearly in the
world comes from these silver mines;
hut them down and you wipe out $40
100000 of gold per annum IN the United
nan and metallurgist or sssayer in the
country who has ever handled or Ge-
ermiued the value of ores produced IN
he United States and Mexico or else
where will confirm the fact that the
)ulk of these ores carry gold in paying
quantities, when operated in coniunc-
ion with silvgr, but they do not carry
,old in character or sufficient quantities
o justify the working of these sane
mines for the gold contents alone.
Fifth-The two metals, gold and sill
Yer, have been used from time i'm
for money purposes. For
.ighty-ons uninterrupted years the
rec coinage of silver existed in the
y Jnlted States. Nature has designed
both metals for the uses TO which they
nave been put, and no other metal can
Ds substituted il thu place of silver.
The gold men are advc eating the free
-. - oil ha ell