Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1893-12-07
MATTE ON FINANCE
ID ~ Colorado Governors Ideas
~ of State Coinage.
70 OF THOSE REvERTIKe RIGHTS.

~ NQicsai Government uaviag Ceased
- Cola Dads Dollars the states New
ess Rww M,ats Th~wse1ves-A 0rssa
osAsme Suggested for state .Aesies-
3 Oo1fss sossSusss lie Wsuta 1auso casssA
q -esls f'1sms Favored.
esALrpA, Colo. Dec. 7-Only eighteen
delegates representing ten mining camps
were present at the opening Of the minerX'
eUnvention called by Governor Waite to
eousider his proposition for u special scs.
sion 81 the legislature to take some action
% behalf Of silver. Many OF the cou-
pauies mentioned in the governors call
cent no delegates. Tue convention or.
gnnizel with !. NJ. McMichae1. Of Aspen,
chairman. and J. W. Swisher. Of Brcck
inridee. secretary. Judge G. =. Mccoy
in an address Of welcome said that IL the
conditions favored calling an extra session
the governor should recommend the en-.
actment of law authorizing the secre-
tary OF state to purchase silver bullion
and issue therefor silver cersihcatcs and
60 place the bullion purchased upon the
market; also n law for coinage Of Colo
RADIO bullion ia Mexico, This Mexican
coin to be legal tender in this state for all
debts, public and private.
Waite Outline. Isis Ciaim.
Governor Waite delivered an address of
9.o0O words. outlining hi. views rs TO the
silver crisis, and suggesting topics TO bc
considered By the legislatuse. The s;tu,-
ton Ia this state. he said. Ind improved
somewhat since the darkest hours last
summer, but not over 1900 ont Of the H.. q.
coo miners thrown out of employment
had resumed work. "rhe right Of con.
grcss 20 coin money Is conceded and tina;
right is exclusive, 81. long as tho right is
exercised," the governor said. "This
right was given to the general government.
by the states as u trust-this trust calling
for continuous coinage. In default OF the
exercise OF the coinage right the trust re-
verts to the states or To the people. by
the passage 81 the enactmcnts putting an
end to the free coinage of silver the gem
eral government defaulteei in its trust,
The 1:e~sedy BE wsais Apply.
Competent legal authority holds that
the right Of the people to the FIRE coinage
OF silver had never been taken away. The
extra session of the legislature should
take action to compel an adjudication by
the United States supreme court of this
question. The right Of state to n AXE
gold and silver coin u tender ia paymcn,
of all debts collectible within that state
cannot he denied" the governor asserted.
He then affirmed that this right applies to
foreign gold and silver coins "a well rs 20
those of the United States. ~1'he reme,ly.-
he said. sis for each state 20 enact that sil.
yer dollars Of the United States and North
and South America containing not less
than Ssi.5 grains fine silver shall be n
legal tender by tple or at 100 cents each
for all debts, public and private, collecti.
BILE within that state"
Some Additional ceromme nsiatioes.
In addition to his silver coinage scheme
tiovernof Waite said he would make the
following recommendations: That state
and county warrants for the payment Of
which there u no money. in the proper fund
at the time Of issuance he sxchanceable
for state certificates Of small dcnomina.
ticns that would doubtless pass Us eur.
rcncy among business men; tina. interest
and penalties ON Judgments. lands sold
Tor taxes, etc, he reduced: that a state
bankrupt law be enacted: that water
rates Of irrigation companies be regu.
lated.
CUsvswsion Takes Prompt Action.
The governor said ia conclusion that he
would abide by the action OF The convcn-
ton in regard to the special session Of the
legislature. by vote of ~ to the con-
vention decided in favor Of an extra ses-
sion. A proposition to submit the qucs-
ton Of the right Of the state to coin gold
and silver To the supreme court of Color
ado was defeated by 10 votes to 5. The
n OVpruOr nnnouucpd that le tvnuid s.aIt
the Legislature together early in January.