The herald., 1893-08-03
THE VOICE OF THE PEOPLE
Raised for the Money of the
Constitution.
The Chicago Silver Convention
Concludes Its Work.
A Platform Adopted That Is Eloquent
With Financial Logic.
Sensational Speeches by!Governor Waitss
Congressman Pierce and others
Carl Brown Distinguishes
Himself. -
BY the Associated Press.

CHICAGO, Aug. 2.-The silver conven.
tion resumed its session this morning.
Owing to the inadequscy of the rooms
used yesterday. it was decided to meet
in Central Music hall, but the agent
stood at the door this morning and re-
fused to open it until ex-senator Hill,
ex-Congressmsn Symes and O. s.
Thomas of Colorado guaranteed 5000 per
day rental. phis done, the delegates
flocked in.
President Thurman called the conven-
tion to order. A resolution by j. s.
Daugherty Of Texas, for the appoint
ment of a committee OF one from each
state to devise a plan for ''impressing
upon the congress and people of the
United d States the impending peril
threatening the the ruin of the matefiel
interests of which we have only hsd s
foretaste," was referred to the commit
tee on resolutions after discussion.
EX-SENATOR HILL SPEAKS.
Then ex-senator Hill Of Colorado ad-
dressed the convention on the silver
question. His arguments were chiefly
based on statistics tending to show that
the adoption of a gold standard in any
country was invariably followed by dec
ades 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 rapport, and no boundary can
be set to the divergence that may be
reached hereafter, especially If the FORE
most HilvBr-producing country in the
world shall lend itself to the attempt
being made to establish universal gold
standard. The scarcity OF gold had
nothing to do with the present depres-
sion. The amount of money now locked
up, hidden away, was more than double
the amount of gold now in the country.
Continuing, he said: "The SUPPOSE
tion that by repeating the Sherman act.
thus bringing on great fall in the
! price OF the metal, We could force Eu-
rope into bi-metallic treaty, is delu-
sion. II we are driven by q conspiracy
to revert to single standard. we should
by all means use silver. II we restore
silverto its old place as money metal
by unlimited coinage, and If under the
force OF circumstances over which we
have no control, our gold should be
drained away, We will still maintain
the first position among the nations Of
the world and compel England, Ger
many and France to at once adopt BIZ
metsrsm."
In conclusion, he declared if Western
Europe perseveres In measures which
raiee the value of gold so it shall flow
from the United States. and we become
al silver country, we will be carried to a
pitch Of prosperity transcending all the
and Wooknrx hn x,1,x
in an abyss of rpin.
At the conclusion of Hills address,
Hon-J. r. Doolittle OF Wisconsin pre-
sented resolution declaring it the duty
of congress to coin both gold and silver
in such ratio weight that the bullion
in silver dollar shall equal in value the
bullion in gold dollar. Referred to
the committee on resolutions.
FRANK NEwLANDs TALKS.
Congressman F. G. Newlands of Ne
vada followed in an address reviewing
congressional legislation on the subject.
England" he said, sis th Q greatest
gold owning power in the world. We
owe her 5000, 100000 gold, which she
can call for any day. II the draft of
$100.O00,0O recently m ade worked such
disaster in this country. what would it
do If sheacalled for the whole lot"
England has the gold of the world
and knows how to legislate for her in
terests. Wehave the silver OF the world
and do not know our interests. As Q
tax on tea led to political independence,
the present blow at silver might lead to
financial independence"
PoPULIsTs PLEDGED TO SILVER.
United States Senator Allen, of Neb.
raska, produced much enthusiasm by a
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 the sup
port Of free coinage at the ratio of to
16.
He was followed by Hon. @. S. Thomas
of Colorado in brief speech. He de-
clared gold and silver the money of hia-
tory and civilization. The avarice of
man declared an artificial and infamous
divorce between the METALS The silver
men were called lunatics and cranks,
but they were proposing merely to re-
turn to the system hallowed by the his
tory OF 1000 years.
A recess until 2 p. m. was then taken.