The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1893-08-12

states tnCv VIII he worth tnht sum evoryWnoN
else ana cannot be bought FOR less. While II
will be urged that such result would enhance
the price Of silver bullion, II is suficient for US
to know that q similar Cneo would be immodi-
atey made in the price OF every kind OF prop
erty except gold and credits In the civilized
world 1t would be a shallow, selfish class that
would deny the mining industries at the cost Of
bankruptcy TO the whole people. Legislation
TO demonetize silver has given an unjust In |
crease to the value Of gold ut the cost Of tho
prosperity Of mankind, wheat and oil other ag- |
ricultural products have ridden side BY side
with silver.
Third-That while the "Shcrman aot' Of July |
II, 1890, was dcvioe Of tho enemy TO prevent |
the restoration Of FREQ coinage, and is greatly |
objec ctionable because II continues the practical
exclusion of silver from the mints and reduces |
IL from q money metal to commercial Gem. |
modify, nevertheless Its repeal, without the
restoration Of free coinage, would stop tho OK
pansion OF our currency required by our growth
in population and business, widen still further.
the distance between the two precious metals,
thus making tho return TO bi-metalism more
difncult greatly increasing the purchasing
power Of gold, still further break down the
price Of the products Of the farmer, laborer,
mechanic and tradcsman, and plunge still farth.
or oil commerce, business and industry into
such depths Of wretchedness as to endanger
peaco the preservation Of free institutions and
the very maintenance Of civilization we, there
fore, in the name Of the republic and Of human.
ity, protest against the repeal Of the said act
Of July IA, 1890 except by an act restoring free
bi.metallio coinage, as existed prior to 1873. We
suggest that the maintenance OF btmetallism
by the United States at the ratio Of 10 TO win
increase our commerce with oil 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 bi.metallism
by the nations Of Europe sooner than any other
means.
Fourth-We assert that unparalleled
calamities which now affict the American poo.
pie are notdue to the so-called Sherman act OF
1890, and in proof thereof we call attention to
the fact that the same evil conditions now pre-.
vail over oil the gold standard world We are
convinced that bad as Is the state Of affairs in
| this country It would have been still worse but
| for the Sherman act; by which the nation has
| obtained to some extent an expanding circula-
tion, to meet the demands Of q continent In pro.
cess of colonization, and the business exigen-
| cies Of the most energetic and Industrious race
| that has ever dwelt In the earth, and We insist
upon the executing Of the laws without evasion
| so long as 1t is upon the statute books and upon
| the purchase OF the full amount Of silver each
month that it provides for, to the end that the
monthly addition to the circulating medium The
| law secures shall be maintained.
| Fifth-That we Swould call the attention of
| the people TO tho fact that in the midst OF oil
the trouble of the time the value of the national
| whether made Of gold silver or paper has not
fallen particle The distrust is not Of the gev-
ernment or its money, but of the banks, which
have as we believe, precipitated the present
panic on the country in an ill-odvised 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 tho con-
In
Of the people 1t must not be forgotten that
while boards Of trade, chambers Of commerce,
bankers or money dealers are worthy and valu-
able men in their places, the republic can moro
safely repose upon the great mass Of its peaco'
full toilers and producers; and that this "busi-
ness mans age" Is rapidly exterminating the
business men Of this country Tho time has
come when the politics of the nation should re-
vert as far Us possible to the simple and pure
condition out Of which the republic arose. We
suggest for the consideration Of our fellow citi
zens that the refusal Of this opponents OF bi.
metallism TO propose any substitute for the
present law or to elaborate any plan for the fu.
ture indicates either an ignorance Of our fnon
cal needs or on unwilingpess to take the pub
lilo into our confidence; and we denounce the
at; empt to Internationally repeal the Sherman
law as an attempt to secure mono-metallism II
fragrant violation of the last national platform
Of all the political parties
The convention listened quietly tc
the reading of the preamble, but when
the resolutions were reached nearly
every one was p,tnctuated with ap
plause. The resolutions went through
with rush, only one negative VOTE
being proclaimed.
While the hands of the clock were
pointing to 8, Chairman Thurman man
aged to bring down his gavel and the
silver convention was over.