The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1893-05-06
rRANs-mrssIssIPPI CONGRESS.

which held It's sessions IN Ogden last
week, put itself on record on the sill
yer question in the following stirring
resolutions
Whereas, The business and civil
cation of nations advance and recede
as the money in circulation among the
people increases and decreases; and
Whereas, The experience of the
world has established that gold and
silver are the only substances that
possess the requisite qualities of money;
and
Whereas, The demonetization of
silver was violation of every contract
then existing and has increased the
burden of the worlds indebtedness
nearly or quite 80 per cent by taking
from the debtor his ability to pay and
practically making debts perpetual,
and
Whereas, The present silver pur-
chase law is wholly inadequate and the
people of the United State require and
demand the full restoration of silver
as money as guaranteed by the Con-
stitution, and
Whereas, The demonstration of
silver depprives the manufacturer, the
wheat and cotton growers and the
producers of ever product in the land
of exactly the difference between the
bullion and coined value of silver,
and
Whereas, The census report shows
the products of our farms, mines and
forests to be $13, 200, 100000, which
would have aggregated, were not sill
yer coinage restricted, about 49,
900, 900, 600, making loss to this
nation of about $4,000, 900, 900, and
Whereas, The loss on the wheat,
cotton and other farm products aggre-
gates more than 1000, 600, 900, and
as those products constitutes mainly
the debt-paying power of the country,
the demonstration of silver has de-
prived this country of its ability to
pay it's debts and has impoverished the
wheat and cotton growers, and
Whereas, The contraction of the
currency by reason of the demoneti-
zation of silver causes an enforced
idleness of more than l 800, 200 men,
causing a loss to the wage-earners of
more than 81, 800, 600, 600 yearly, and
Whereas, The demonstration of
silver was done secretly and surrepti-
tiously and wholly in the interest of
the creditor classes, and
Whereas, It is mistaken policy to
enrich few and impoverish the many
and thereby cripple the wealth, the
progress and greatness of the country,
and
Whereas, Such legislation has at
all times been regarded by the civil
lied nations of the world as crimes,
therefore be it
Resolved, That we demand of the
National Congress the immediate en-
actment of law for the full restora-
ton of silver as money equal with
gold at ratio not exceeding sixteen
to one.
Whereas, There has been purchased
of silver under the present purchase
law about 100000 ounces, and
silver certificates issued therefor, and
Whereas, About $50, 900, 900 of said
certificates have been redeemed in gold
in violation of the spirit of said act,
therefore be it
Resolved, That we demand of the
Secretary of the Treasury the opening
of the United States minis to their
fullest capacity for the coinage of sill
yer as contemplated by said act, and
the redemption of said certificates in
silver; and
Whereas, The demonstration of
silver has prevented this country from
paying its debts by reducing the value
of our products one-half, and while
producing millions of dollars of pro-
ducts for expectation our debt remains
undiminished; and
Whereas, It is now proposed to in
crease the burdens of debt by issuing
more bonds: and
Whereas, The issue of said bonds
could only benefit the creditors; it is
| therefore.
Resolved, That we protest against
the further issuance of Government