The Providence news. (Providence [R.I.]) 1891-1906, 1893-08-02
THE JINGLE OF SILVER.
BI-METALLICM MEN IN CONVENTION
At CHICAGO.
Speeches by Leading Advocates Of Silver
Money-Aggressive Action to BE Taken
Against the Gold Bonds.

CHICAGO. Aug. 2-The national conven-
ton of the American Bi-metallic League
met here yesterday. Gen. Warner called
the convention to order, and Secretary
Darlington read the call for the gathering.
After this Gen. Warner delivered an ad-
dress in which he said that decided action
was needed, and that 1t was time for
plain talk All over the country alarm
was manifested over the possibility of the
establishment OF single gold standard
The silver men were not by any means on
the defensive. On the contrary, they pro-
posed to take aggressive action against
those who are attempting to take advantage
of the conditions which they have created
to force upon the country a single gold
standard.
The present financial condition Is large
ly artificial, amounting almost to public
crime, and for IL the gold men should be re-
sponsible.
At the conclusion Of Mr.. Warmers ad-
dress Mayor Harrison was introduced, and
delivered an address of welcome which was
responded to by Hon. T. M, Patterson, chair
men Of the Colorado delegation.
Hon. Allen w Thurman was chosen
permanent chairman, an made lengthy
address, in which he said:
Il deny that gold alone affords q sutf-
cient basis upon which the circulating
medium and credits of this country should
rest, and charge those who now demand
that silver shall be destroyed are not true
hard money men but paper money men.
They know full well that the people OF
this country will have in some form or
another a sufficient circulating medium
and they propose to furnish it in the shape
of q promise to pay, issued by them
selves, which they will try to maze the
people believe will be paid upon demand in
gold. That the present state OF affairs is
directly pointing TO this direction i most
firmly believe but il the people keep pay
ing the National debt at anything like the
rate they have been paying it our National
banks as banks of issue will have TO go
out of existence. Now, do they want this
to come abouti Not by amy means, and
while 1t Is true Of late years on account of
the high premium on government bonds,
little IL any profit has been made upon
their circulation, yet in the long run the
profits upon IL have been immense; and IL
they can succeed in persuading Congress to
issue more bonds bearing lower rate OF
interest so they can buy them at par, the
profits will again be tremendous"
Speech making occupied nearly all the
time Of both afternoon and evening sessions
The committee on Resolutions OF the
silver convention met at the Palmer house
last night and organized by making ex-
Senator Reagan, of Texas, chairman, and
Robert Schilling, of Wisconsin, secretary
A sub committee consisting OF Senator
Reagan, Congressman Bryan, of Nebraska,
Thomos NJ. Patterson, Of Colorado, ex-
Congressman Bartine, of Nevada, Ignatins
Donnelly, OF Minnesota. George Wash burn,
of Massachusetts, and Mr. Manning, of
Alabama, were selected to draft the reso-
lutions and report to the general commit
tee at o'clock this morning.