Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-07-27
T HE SILVER MEN.
Gen. Warner Outlines What the
Convention Will Do.
AN ADDRESS TO The COUNTRY
The President of the Bimetalic
League on the Situation.
OBSERVATION-DISCLOSURES

Gen. A. j. Warner, president Of the Amer
lean Bimetallic League has returned from
Chicago and was at silver headquarters
this afternoon. To a Star reporter, who
asked him what the silver convention would
do and what was expected to be accom-
plished by It, he said: 1.-The convention will
meet at 1880 a. m. Tuesday next In the
Methodist Church, Methodist Church block.
at the corner of Washington and Clarke
streets. Chicago. shall call the convention
to order and make a brief address. The
day sessions will be held in the church.
Tuesday evening a mass meeting will be
held at Central Music Hall. and on We'd
nesday evening a monster open air meet
ing will be held on the lake front. This is
at the request Of labor organisations.
Among the speakers will be Senator's Jones
and Stewart Of Nevada, Senators Teller and
Wolcott of Colorado, Congressman Bryan
Of Nebraska. Pattison Of Colorado. Bland of
Missouri, and Newlands Of Nevada Ex-
actly how many delegates will be present
can not now state. A large number Of dele
gates have been appointed from various
states and by various bimetallic organiza-
tions. One hundred will come from Colo
rado All the silver states will be strongly
represented and the west and the south will
be there in force"
What the Convention VIII Do.
what business will the convention trans
act?' asked the reporter
The time of the convention Will be de-
voted to the discussion Of the situation and
the appointment of a committee to pre-
pare resolutions and an address to Con-
ures to arouse the country to q sense OF
the dangers threatened by the single gold
standard will be discussed. The oetails ot
the work have not been decided on and Will
not be till we get together in Chicago"
How does the land lay?" continued The
Star man.
Warner, "the depression Is world wide: II
is felt almost seriously In London. Ber-
lin and Vienna as in this country, In Aus.
tralia 1t is far worse: l am just In receipt
Of a letter from a distinguished English
man. who writes: 1T really looks as II the
accumulation Of former generations is be
houses are in difficulty because of the seces
sion movement in Brazil. Should this &c
their debts in gold. This crisis is making
legtons Of silver men among US.
The Situation.
"It is an object lesson" continued the
| general. mot only for this country. but fol
the world. 1t is the beginning Of ths
shrinkage in values which must take plac,
In order to come down to a purely golt
| be measured in gold. 1t will measure mucl
| less than most people have any idea. TIL,
shrtnkage in stocks is reportei to have al
ready been one thousand millions and tn
| shrinkage In real estate as much more: ou
this Is but the beginning Of what mus
| take place II we are to 60 p -hs gold stand
| supplemented by six hundred millions o
silver. which is full igai tender and none,
Of final redemption; 1t will he impossible
| to maintain indefinitely a silver currenc,
when the bullion value Of it might be az
| low as IS or 40 cents. The twelve million.
OF legal tender silver In Europe must al
i he Wifhdra w ~ GOLD IN a 10
where to prevail. The first step would b,
to reduce this currency to subsidiary mon
ey. making it redeemable In gold: Their
\ may be in the United States four hundre:
| or four hundred and fifty millions IN gold
10 make all silver and paper money re
to everybody that this Volume q y silver % an,
| paper money and others forms Of credi
| must be largely cut down before converti
snd Sty into ,bs gold d. alone - can Se maintaiaed
money Is reduced prices must come down
with consequences to business appalling (,
contemplate. What would be true OF tn
United States would also be Irus Of thos
| gal tender"
Senator Stewart's Interview.
| What do you think. general. Of the in
terview with Senator Stewart, in which h
Is reported as having said that he believe,
the Sherman law would be repealed?'
Il do not believe" said Gen Warner
that Senator Stewart meant that tn
Sherman law would be repealed without
| substitute. Nobody believes now that tn
present situation 10 due to the Sherman
| law. Nobody believes that the presen
| trouble comes from the addition to tn
| country's exchange medium Of three O
four millions of dollars per month. TIL
| trouble comes not from too much standar
| money but from too little. The only fittin
answer that can be made to a man VIII
believes that the present financial troubl
| comes from the Sherman law is that h
is a fool. Here Gen. Warner clenche
his fist and struck the table as though
| meant business