New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-25


The situation now this The 81 900 remains
The hands Of people part Of the 100000 600 has
peen drawn from the banks. and probably half OF the
credit currency vanished IL the entire had
oee drawn from the banks every dollar Of the credit
fency must be extinguishcd.
believe the banking system OF this country 10 be
much more secure than Of any other country but
there Il yerltalc currency famine They that II
we repeal the Sherman law viii put end all this;
mat you repeal law IL Is the end Of bime,llism
the word aud II il the end Of the automatic principle
OF the regulation Of money Now. you make gold the
only obligation for every credit that they who own
the gold the world applause The conditions which
make IL necessary gold Will send that gold a.
fat as 1t Is liberated aud as In Gap.
pause.) You might easily expect that II would be
otherwise a, 10 expect by pumping water from the
harbor OF Liverpool the hofoOr Of New.York you
could raise the level here higher than there ZAP
paue) Do you think we VIII submit TO have the money
unit doubled I'm a c.andc tine mannerl do wonder
that a creditor nation like England should be Of
the single gold standard. Gladstone admitted
investments England In other countries amounted to
$40 600 900 900, but think $4,000, ,0C0 would be
nearer the figure What do you say OF debtor nation
Joining hands with liz creditors TO increase value Of
money which its debt, must be paid DerIslve cheer
ingJ
THE RESOLUTIONS READ.
The resolutions which had been prepared some
time before the meeting was opened, were read at
the close of General Warmers speech They
follows:
Resolved That attempt reduce the worlds specie
supply gold alone has ncttousy increased the compare
tive value OF gold for the sole benefit OF the athy credit
ors while IL is mpovcrIshng all debtors and other per-
who are dependent upon their own exefons for
living.
Resolved That the pretence that the SHERMAN aft'
Is the CAUSE Of our financial troubles simply
part OF gold men to Inisiead the people by
directing their attention nom consideration Of their at
tempt to reduce the market price OF labor and OF property
a gold basis.
Resolved That the Issue monthly OF 100000 In
for the purchase OF silver bullion cannot
have been cause Of present currency ilne thus
making H necessary for employers 10 premium for
heap dollars to eroblo them to pay their woikmen Tor
their honest labor and to carry on their exchanges
Resolved. That the hypoeftcal cry against the eheap
dollar' evidently designed by the gold men TO cieote
an aversion to silver and appreciate gold that is
mainly owned by who desire to demonetAc SILVER
and establish gold alone our metallic money
Resolved That the presumptuous and ridiculous attempt
Of the gold men to people to believe that the
workings Of the SHERMAN law caused the extraordinary
export Of gold practically rcfued by the equally
extraordinary importation OF gold Into the United States
from Europe while that remains In full force ana
operation.
Resolved That the American people are In every
respect as capablp OF dcylsng and maintaining their
own financial system under which TO carry on ther D"s
ness France, Eng and, or any other country "po' '
earth and that failure 50 to 10 VIII SHOW want oi
sef-respect and confidence unlecohln3 Tree anu q"
ghtecd people claim to be the descendants OF those
who under much greater gcs regards wealth
and population boldly declared their independence and
established and maintained fern OF government "hlch
was detestc1 and opposed Uy all OF inc 'Ae" eNs'"s
governments OF the Old World.
Resolved That the real and only cause OF the present
financial distress witch compelling the closing OF banks,
factories workshops and stores, ond the failure OF thou
sands OF business everywhere Iot oly IN America
but I'm other Countries and through them cepvine the
tutnla M
lea OF their Of support arises from the efeedJ IN
sprod ATTEMPT o fost upon the commercial world the
single gold standard whereby the AVAILABLE supply OF me-
fallic money will le reduced to one-hal the present
amount resulting corresponding reduction In the mar
ct prizes Of all kinds Of property and OF the products Of
labor.
Kc.ovcd That it is scored duty OF the people OF
this country to resist this wicked attempt TO Increase the
value Of cold and the burden OF all debt' anu taxes
and derrccate everything else including the wages OF
labor thus undermining whole industrial ana social
system upon which modern civilization rets.
The resolutions, of course. were adopted Just as
they were read, and they were cheered with fair
degree of enthusiasm.
VIEWS OF OTHER SPEAKERS.
Congressman II. +. Bartine of Nevada, was the
next speaker. He said, in part
IL +, not my fortune or single share
% stock in any silver the world nor have
relative In position. For more than 1000 Yeas
gold and silver had been the two great money metals OF
the SIme have USED gOu, some sHNcF anu s""'c
NJ then both together linked at certain fixed ratio
When England adopted the gold STANDARD she used gold Tor
local business and silver abroad in payment OF foreign
debts Insfead Of dcmonctizng one OF the metals the
poper course uou< nave been to change the ratio ana
trnp ours into harmony with that OF Europe III Is nara
To understand people be relieved by stopping hc
supply Suppose there il food famine and man mas
wheat -four sells Are you going TO believe mat man
when he ecrcs other food and tells you 10 bny MS
particular commodity exorbitant price Npplausc)
Congressman W. j. Bryan, OF Nebraska, who
was warmly applauded. said
James g. Blaine applause. speaking in 1873 SOLD; "
believe the struggle going OH for single GOA sahdd
would II successful produce widespread disaster IN ana
,hroucbout the commercial world applause man
I'm NV State loans hog weighs 100 pounds to man.
and when he wants to DO paid back he goes ana
.oIzes log tina, weighs 200 pounds. The other
man objects bu. he ia met with the answer. "
hog is a hog and this is an honest hog u"ughtcr
and appause 1t the same principle to-day that you
he,r the cry "Give honest dollar (DerlsW
laughter and APPLAUSE
Thomas NJ Patterson. of Colorado. and Francis
G. Newlands OF Nevada. also spoke