Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1893-07-11

W. ~ AANoleyf /
Hadloy, VIM. Burns, II. L. Pickett,
Gov. Thornton, M. w. Browne, Judge
FAN, Judge McFie, w. II. II. Llewellyn,
B. Y. McKeyes, New Mexico; l. zeck-
Q. NJ. shannon, d. +. Kellner,
Gov. Hughes, Prof. Blandy, G. w. Clan
cy, J. +. Dunbar, Arizona; Prof. Tongue.
mare, O. f. Heckleman, w. +. Payne, r.
@. Lightbody, r. w. Edleston, Henry
Texas. Executive committee. II.
B. FERGUSON, G. l. Brooks, J. f. Saint,
Albuquerque +. A. M-anzanares, East
Vegas; ID. w. Reckart, FL Paso.
The report OF the committee was
adopted and a committee was appointed
to conduct Gov. Slower TO the chair.
He was introduced by Judge Fall as a
man better qualified to preside over the
convention than he had been as tempo
rsry chairman. Gov. Slower said:
"Mr. Chairman, Ladies and Gentlemen,
and Delegates to the Convention: 1
think it is a little unkind in Judge Fall
TO say that 1 am better qualified TO pre-
side over this convention than he is.
I only hope that I shall be able to pre-
side as ably as he has in this convention.
1 thank you from the bottom Of my
heart for the honor which you have con-
ferred upon me and l only regret that
you had not chosen a man from the
state Of Texas, for the people Of that
state have representatives in congress
who have a voice in the affairs Of the
government. They are in every respect
citizens Of the United States, while we
occupy a position like that occupied by
our forefathers lit years ago. AS, in
your wisdom you have selected me, /
will remain in your service until the
close Of this convention. I shall not
speak as a mining man, but as a business
man, because l claim that seven eighths
il not all the people Of the United States
are interested IN the free coinage Of both
gold and silver. For many months pre-
vioust 10 the closing Of the mints in India,
silver had remained at about SO cents an
ounce and other products in proportion
but when this action was taken the
price of silver fell to 81 cents an ounce
and everything followed silver in its de-
cline, showing that 1t was more the APP
probation in gold than the decline in
silver that affected the prices. A dollar
in silver will buy just as much today as
it would 10 or ID years ago, but gold has
been steadily approaching in value.
When the Chinese desire to buy gold 1t
takes 90 per cent. more Of silver or of
the staple products Of China to buy gold
than 1t did then. Since the recent de-
cline in silver the price rose to % and
wheat advanced two and a half cents a
bushel and everything else in proper
ton. One Of the greatest hinderances
to the solution of the question is that
our friends in the east think that the
only ones affected are the miners and
mining camps and those directly allied
thereto. A gentleman largely interested
in mining suggested to me a few days
ago that Fraser and Chalmers, manufac-
turers of mining machinery, had some
thing over 5000 men employed in their
shops. Close down the mines and what
will be the effect on Fraser and Chal.
mers, and not only on them but on the
80 or 40 other firms in the east engaged
in the manufacture Of mining machin.
eryP One Of the strongest pleas that
has eve been made to the laboring man
against the free and unlimited coinage
Of silver Is that the price of labor will be
paid in a deprecated currency. The
monometallists have never ever suggest
ed that il you shut down this great min.
ing industry they would never be paid
at all. The manufacturing institutions
all over the country are being closed and
1 should like have the men who have
been telling them about a 60 cent dollar
explain to the men who have been
thrown out of employment by the clos.
ing Of the mines what kind Of a dollar
they will take TO their grocers a month
hence. In England men are parad-
ing the streets asking for bread;
God grant that we shall never see the
same in this country, but il there is not
a halt / fear we shall see it before the
SHOWS Of next November Only last
Saturday l was talking with a banker
at Albuquerque, the manager Of a saw.
ings institution there, and he took the
pains to explain TO me that he was IN
favor Of gold. Since 1 came here 1 have
received notice that the bank was closed
Now the little ones who have savings
there would be glad to get their depos
it's in silver dollars. We may not be sur
prised if England, the great commercial
hog OF the universe, takes the same po
sition. Now let us declare that we will
be commercially independent of England
as III years ago we declared our polit
ical independence. After touching OF
the prosperity Of France as compared
with that Of England, the speaker turn
his attention to the question OF stat,
banks and state bank circulation. H,
argued that the repeal Of the law tax
ing the circulation of state banks which
has been proposed would be the extrem
est folly. He spoke of the i-nconvenienc,
OF a currency which could have but
local circulation and said Of the notei
which were in circulation under the ole
state banking laws that not one bill il
ten could lift its greasy face and say a
know that my redeemer iveth." II,
SAID that the New York Herald estimat