The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1893-08-11

cents In the United States, they will be worth
that sum everywhere else; and IL cannot be
bought for less. While IT will be urged that
such result would enhance the price OF silver
bullion, IL is sufficient for US to know that a
similar increase would be at once made In the
price Of every form of property except gold and
credits in the civilized world II would be .
shallow selishness that would deny this to the
mining Industries at the cost Of bankruptcy to
the whole people. The legislation to demone-
tie silver has given an unjust increase to the
value of gold at the cost Of prosperity OF man.
kind: wheat and all other agricultural products
have fallen side by side with silver.
Third-That while the SHERMAN act" OF
July IA, 1872, was device of the enemy to pre-
vent the restoration OF free coinage and is
greatly Objectionable because it continues the
practical exclusion of silver from the mints
and reduces it from money metal to a
commercial commodity, nevertheless its
repeal, without the restoration of free
coinage, will stop the expansion OF our cur
rency required by our growth in population
and business and widen still more the
difference between the two precious metals
thus making the return to bimetallism more
difficult; greatly increase the purchasing power
of gold: still further break down the price of
the products of the farmer and laborer, the me-
chanic and tradesmen, and plunge still further
all commerce, business and industry into such
depths of wretchedness as to endanger peace,
order, the preservation of free institu-
tions and the very maintenance Of civiliza-
Ttion. We therefore, in the name OF the
republic and of humanity, protest against
the repeal of the said act of July IL, lS9J, ex-
cept by an act restoring free bimetalic coinage
as ii existed prior to 1873 We suggest that
the maintenance of bimetallism by the United
States at the ratio oi 10 to will increase our
commerce with all the silver using countries OF
the world, containing two-thirds of the world.
without decreasing our commerce with those
nations which buy our raw material and will
compel the adoption of bimetallism by the ma
tions of Europe quicker than any other means.
Fourth-We assert that the unparalleled ca
lamities which now afiict the American peo-
pie are not due to the so-called Sherman act OF
1892 and in proof thereof we call attention to
the fact that the same evil conditions now
prevail over all the COLDS tandard world. We
are convinced that bad as is the state of affairs
in this country, il would have been still worse
but for the Sherman act, by which the nation
obtained to some extent an expanding circula-
tion To meet the demands Of continent in
process of colonization and the business ext
gencies of the most energetic and Industrious
race that ever dweit on the earth, and we insist
upon the execution CT the Law without evasion
so long as it is upon the statute books and upon
the purchase of the full amount OF silver each
month that il provide for. to the end that the
monthly addition TO the circulating medium the
law secures shall be maintained
Fifth-That we would call the attention OF
the people to the fact that in the midst of the
troubles of the time, the value CT the national
bond and the legal tender money whether
made of gold, silver or paper has not fallen
particle The distrust is not OF the
government or its money, but OF the
banks which have as we believe, precipitated
the present panic on the country in an i'll ad-
vised effort TO control the action of congress on
the silver question and the issue of bonds
We invite the bankers to attend TO their
legitimate business and permit the rest
of the people TO have their full share
in the control of the government In this way
they will much sooner restore that confidence
which is so necessary to the prosperity of the
people. 1t must not be forgotten that while
boards of trade, chambers of commerce, bank
ers and money dealers are worthy and valu
able men in their places the republic can more
safely repose upon the great mass of its
peaceful toilers and producers, AMI that
this business mans age" is rapidly extermi-
mating the business men of this country. The
time has come when the politics of this nation
should be diverted, as far as possible, to the
simple and pure conditions out of which the
republic arose. We suggest for the consider
alton of our fellow citizens that the refusal
OF the opponents of bimetallism to pro-
pose anv substitute for the present law or to
elaborate any plan for the future indicates
either an ignorance of our financial needs or an
unwillingness to take the public into their con.
fidence and We denounce the attempt TO uncon-
ditionallv repeal the Sherman law an at
tempt to secure gold monometallism in fragrant
violation of the last national platforms of all the
political parties.
After the resolutions We're disposed
of. at the instance of Mr.. c. 5. Thomas.
of Colorado. the convention extended
unanimous vote of thanks to Presi-
dent Thurman and other officers of the
assembly.
On motion of Gen. Warner, of Ohio,
the convention then adjourned sine die.