The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1893-08-11

NATION Of such scheme would ultimately en-
tall moro misery upon the human rage than
all tho wars, pestilences and famines that
ever occurred 10 the history q tbe ySrld.
The absolute and ihstantApe6aS Destruction
" nall the entire movable property Of tho
world, ihelddihg houses, ships, railroads and
III other appliances tor carrying on COM
mercc, while It would be felt more ssnsibly
~ the moment, would not produce anything
like the prolonged dlstsess and dlsorgsnixs-
ton Of society that must inevitably result
from the permanent annihilation Of one half
Of the metallic money Of the world" and
Whereas, Senator John Sherman, Of Ohio,
who, more than any other man 10 responsible
for tho decentralization of silver, clearly un-
dcrstood the evil consequences Of shrlnkage
OF currency below the Legitimate demands OF
the business Of the country, a. evidenced by
what he said in the senate In 1869, to-wit:
1.-THE contraction OF the currency 10 q far
more Distressing operation than senators sup
pose. Our own and other nations have gone
through that operation before. 1t Is not pos
cible to take that voyage without the sorest
distress To every person except q capitalist
out OF debt, or salaricd officer, or Annutant,
IL isa period Of loss, danger, lassitude OF
trade, fall OF wages, suspension Of enterprise,
bankruptcy and disaster. 1t means the ruin
Of all dealers whose debts are twice their
business capital, though one-third less than
| their actual property. II means the fall OF
all agricultural productions without any
| great reduction Of taxcs. What prudent man
would dare to build q house, . railroad, n
factory or barn with this certain fact be-
fore hInin
Therefore, In view OF all these facts, VIC
declare.
|. That there must be NO compromise CT
this question, all legislation demonstrating
silver and restricting tho coinage thereof
must DO Immediately and completely repealed
BY an act restoring the coinage Of the coun-
try to the conditions established by the found
crs OF the nation, and which continued for
over ~ ycars without complaint from any
part Of our people. Every hours delay In
undoing the corrupt work Of Ernest Scyd and
our foreign enemies Is an insult 70 the dignity
OF the American people, crushing burden
TO their property, md an attempt 70 place us
again under the yoke from which George
Washington and his compatrl0ts rescued u.s.
We protest against the financial policy Of the
United States being made dependent upon
the opinions or policies Of any foreign gov
ernmcnt, and assert the power Of this nation
to stand on It's own feet and legslate for IT,
self upon all subjects.
g We assert that the only remedy for our
metallic financial troubles Is u open the
mints Of the nation TO gold and silver on equal
terms, at the old ratio Of 10 ounces OF silver
to one q gold; Whenever silver bullion can
be exchanged At the minis Of the United
States for legal tender silver dollars worth
100 cents each, that moment 4l2l grains Of
standard silver will be worth 100 cents, and
rs commerce equalizes the prices Of all COM
modities throughout the world whenever AZ {
grains Of standard silver are worth 100 cents
In tho 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 bull
lion It Is sufficient for US to know that sim.
liar increase would be Immediately made In
the price Of every form Of property except
gold and credits In the civilized world. 1t
deny that TO the mining Industries at the cost
OF bankruptcy TO the whole people. The
legislation to dem0netlze silver has given an
unjust increase to the value Of gold to the
cost and prosperity Of mankind. Wheat and
all other agricultural products have fallen
side by side with silver.
3. That while the "Shcrman act' OF July
II, 1870, was device Of the enemy to pre-.
vent the restoration OF free coinage, and ID
greatly Objectionable because II continues
the practical exclusion Of silver from the
minis and reduces II from n money metal Ia
q commercial commodity, nevertheless as is
repeal, without the restoration Of free coin.
age would stop the expansion Of our currency
required by growth In population and bust
ness and widen farther the difference between
the two precious metals, thus making the re-
turn to bi-metallism more difficult; greatly
increase the purchasing power Of gold. still
further break down tho price Of the products
Of the farmer and the laborcr, the mechanic
and the tradcsman, aud plunge still
further all commerce, business and industry
Into such depths Of wrctchcdncss M to Gu
danger peace, order, the preservation Of free
Institutions, and the very maintenance OF civil
lization, we, therefore, In the name Of the re-
public and Of humanity, protest against the
repeal OF the said act Of July IA, 1890. except
By an net restoring free b-metAllic coinage,
as II existed prior 10 1873 We suggest that
the maintenance Of bi-mctallism BY the
United states At tho ratio Of 10 70 Will In.
countries Of the world. containing two thirds
OF the world, without decreasing our com.
mcrcc with thoac nations which buy our raw
material. and will compel the adoption Of bi.
mctailism by the nations Of Europe than any
other means.
4. We nsscrt that the unparalleled caiamI-
ties which now sfiiict tho American people
are not due TO the so-called Sherman net Of
1880, and In. proof thereof We call attention
TO the fact that the same evil conditions nov
prevail over all the gold standard world. Va
are convinced that bad as the state Of affairs
Is In this country, II would have hccn rilil
worse but for the Sherman act, by which the
nation has obtained to some extent an expand.
Ing circulation To meet the demands Of con.
tincnt In process Of colonization, and the
business cxigcnccs of the most energetic aud
industrious race that has ever dwclt on The
earth, and We insist upon the execution Of the
Law without evasion 80 long as II IL upon the
statute books, and upon the purchase OF the
full amount Of silver each month that II pro
vldcs for. TO the end that the monthly add.
ilon 10 the circulating medium the law So
cures shall he maintained.
D. That We would call the attention Of tho
people TO the fact that IN the midst Of all tho
troubles OF the time the value Of national
bonds and national legal tender money
whether made OF gold. silver or paper has not
fallen a particle. The distrust !. not In the
government or iss money, but Of the banks,
which We believe prccipi'a,ed the present
panic on the country ia an il.adyiHcd effort
To control the action Of Congress. on the silver
question and TO issue bonds
We invite the bankers To attend to theft
legitimate business and permit the rest Of the
people to hare their full share ia the control
q! the government. In this way they will
much sooner restore that confidence which 1.
so necessary 10 the prosperity 81 The people
II must not be forgotten tina, while ho,ris oi
trade, chambers 81 commerce. banker. and
money dealers arc worthy and valuable men Ia
their places, the republic eau more safely re-
pose upon the great mas, Of II. peaceful toll.
rrs aud producers; aud that this cuisines.
mans age IL rapidly ext~fminating thr bl.i.
meas men Of this country. The time has con,
when the politics OF the nation should revert
M far as possible ~ the simple aud pure con,
dliions out d which the republic arose. W,
suggest for tho consideration Of our fellow,
eitiscns that the rcfasAi OF the opponent. 81
binrtAilisin 10 propose Anr substitute for Tho
present law or 10 elaborate amy plan for the
future indicates either M ignorance Of on
financial needs or nm unwillingnca 10 take
tho public lnto their confidence, aud NC dr..
nounce tho attempt TO Internationally repeal
the Sherman Law ne an attempt To secure gold
inonom~iAilism In fragrant violation 81 The
AT nf nj llo t...tll Lea
parties.
The second ciansc OF tho resolutions which
refer To gold and silver ne the 'bAsis Of MI
money" WAS amended 10 read standard o.
value" and tho resolutions wcrc then niopic.
by reclamation.
For the consideration Of the convention
but not NJ part Of the platform, the CON
mi,i~c alec reported the following. which VA
L. a