St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-05

and equal legal tender power to every
dollar bearing the stamp OF the govern
ment. which alone gives money value:
and.
Whereas. The gold and silver pro-
duced in the mines of the United States
States are necessary for the require
ments of the country for coin, it is eS-
sential that congress take such action
relating TO the coinage of the Two money
metals as will restore silver to the posi-
ton it held in 1878; and,
Whereas, the present deplorable con-
ditlon of the proaucing and all other
industrial and commercial industries Is
the
LEGITIMATE FRUIT
OF vicious financial SySteu.. established
by and maintained iii the interests of
plutocracy which threatens our liber-
ties; and
Whereas, United action is necessary
between the parties To any common in
terests to secure important and lasting
results; and,
Whereas, By geographical position,
diversity of God-given agricultural, in
dusirlai and other natural capabilities
and resources. the Western and South
ern states and territories of the United
States are happily fitted for mutual liz
tercourSe and dependence, I. spending
alike TO the same beneticent or detri-
mental influences and efforts, whether
legislative, financial or commercial;
1t is the sense of this convention that,
i'll view of these facts and of the con-
tlnued fragrant disregard of the vital
Interests OF the great producing
states by the dominant influences i'll
national eenterS. financial and political,
that closer alliance between the in
n .al re, # Ia
peratiyely demanded for the purpose of
mutua! protection and advancement
along all Legitimate lines. We assert
that, while this is true of the Southern
and Western states, it is also true that
the manufacturing states OF the East
cannot
ENJOY PROSPERITY
while the South and West are de-
pressed anu are not provided with the
money with which to purchase the
product of their factories.
And we declare that i'll all material
matters which affect the general pros
perity Of our country the several states
are, and must of necessity be, inter-
DEPENDENT: and
Whereas, The coinage of silver upon
the basis herein demanded has repeat
eddy been invited, ana is conceded to
be necessary TO the upbuilding of trade
relations Of incalcnlablesm be-
tween the United States and our sister
republics of North and South America,
it is, therefore,
Resolved, That we demand the free
and unlimited coinage of silver at the
established ratio of 10 to l. giving to
such coin equal legal tender powers
with gold:
Resolved. That we are unalterably
opposed to the repeal of the so-called
Sherman law, except by the passage of
law providing for the free and unlim-
tied coinage of silver at the established
ratio OF Ii to l;
Resolved, That our representatives in
congress instruct the chief executive to
Issue call for an early convention of
all nations interested in and favorable
to the free coinage OF silver at the ratio
OF l6 to l, for the purpose of establish
ing closer commercial and financial re-
latiOnS with them;
Resolved, That the total amount Of
gold now in existence or capable of pro-
ductlon
UNDER TUE STIMULUS
Of its increased value is totally made
quate to supply the demands of the
world for money, and the adoption of
the single gold standard will result iii
universal bankruptcy and ruin. and we
declare that such act OH the part Of our
government would be a fragrant viola
lion OF the constitution of the United
States, in that it would impair all ex-
listing contracts and double the obliga-
tion of all debtors, and we declare 1t to
be the duty of all patriotic citizens to
resist in the courts and at the ballot
box, its adoption and enforcement, if
adopted.
Resolved, That we are opposed to the
further issue OF government bonds, and
declare that the real purpose of the pro-
posed issue of bonds is the perpetuation
of the national banking system, to
which we are unalterably opposed, for
the reason that it enables few selfish
individuals, at their pleasure, to con-
tract or eXpend the volume OF the cur
rency 10 the great injury of the masses;
and we demand a financial system
which will prevent the congestion of
money in the financial center of the
East.
Resolved, That we urge the speedy
Improvement by the national govern
ment of all the great water ways, and
particularly those which drain the vast
agricultural region of the South and
West, and we invite the
ACTIVE COOPERATION
of the great mercantile interest in
securing the creation of more direct
routes to the ocean in order that our
products may reach the markets of the
world at minimum cost.
Resolved, That we send greetings to
the representatives and senators in
congress who have stood by theI
pledges made before election, and are
eontending for the rights and interests
of the people who elected them. We
thank them in the name of American
liberty and we hold in undying con-
tempt those WHO seek to betray us and
make this country a financial depend =
ency of Great Britain.
The report was unanimous and the APP
plauSe with which it was received iudi-
Gated that it would be adopted.
Gov. ID. Ii. Waite, of Colorado, indi-
Gated a purpose TO introduce supple
mental resolution declaring The right of
the states to establish currency within
their borders of the same standard as
the national. II. NJ. Taylor, of Mexico,
indicated purpose also TO introduce a
resolution for the increase Of the volume
of currency and Improvement of trade
| with Mexico. The hail was so dark
neither could be read and SO they were
not presented. The convention then
adjourned until Il. III. tomorrow.
$1,000 to Chicago and Return.
On Oct 9th, 7th and Sth 1.-The Bur-
IiDUton'; will sail tipkRtS from ST Paul