The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1894-12-01
THE WHOLE WORLD NEEDS 1T
The Congress at St. Louis Not Unit,
However, on the Way to Secure
It-Work of the Second Day.

Tree coinage OIL SllNeIs WHO nave Deen
anxious to secure a definite expression
from the congress in favor of the white
metal. Not alone have the minor feat
ures, such as warm applause when free
coinage was mentioned, been encour-
aging, but the organization of the COM
mittee on resolutions with Congressman
Bryan of Nebraska as chairman and e.
A. Marshall of Texas as secretary,
has been highly delighting Neverthe-
less, there is as yet no certainty that
the matter will go beyond this. In
the convention there is a strong ele-
ment in favor of international free
coinage only and opposed to any ex-
preston whatever upon the subject by
the congress. Whether the bimetal-
lists will be strong enough to win over
both these elements can not be told.
Yet there is certainty that the main
struggle will be on this portion of the
resolutions committee report and the
battle will not be of brief duration.
MORNING SESSION.
The morning session brought out
a discussion on the report of the COM
mittee on rules and order of business.
The committee on resolutions was APP
pointed two from each state. Those
a
d. f. Devine; from Idaho, William
Bulge, e. b. Rich; from Oregon, e. b.
Lodge. A number of resolutions were
submitted.
The committee on permanent organ
ization presented it's report, naming
George @, Cannon of Utah for perman-
ent presiding officer with one vice presi-
dent from each state to be named by
&c AL
M. G. Butterfield of Oregon, was re-
quested to continue through this con-
gress, the executive committee being
instructed to name his successor, when
the next place of meeting shall be
chosen. he to reside therein.
SHAFROTH ON SILVER.
AT the opening of the afternoon SEES
sion, Congressman-elect Shafroth Of
Colorado was invited to address the
delegates on the silver question. Shat
roth opened his remarks with theo-
retical discussion of the effects OF the
complete decentralization of silver and
the consequent compelling of any one
metal, gold for instance, to transact the
business of the country or the world
He touched upon the annual prOduc-
tion of gold and arguing from statis-
cent. of that production goes into the
arts, held that the remaining 25 per
cent. was equal 20 but l per cent of
the aggregate money supply of the
world, while the increase in the de-
mand in trade was six times in excess
of that percentage. There was but one
course to follow to supply the trade
with it's necessary medium of exchange,
viz: Free coinage of silver.
Following this he reviewed the po-
sitions of the various governments of
the world with relation to gold and
the increase in the number of ma
lions relying entirely upon the yellow
metal as a basis of circulation, asking
if it were not reasonable that were it
appreciated in value. silver should be
used to meet the ever growing demand
for exchange. He opposed the limited
use of silver, for anything short of
free coinage under the financial system
now existing meant simply the re-
demption ultimately of that silver with
gold, by again approaching the value
of the latter metal. The facts showed
that the production of silver was an
nually larger than that of gold. Yet
with relative comparisons of the total
was less than 1 per cent. greater per
cent, SS-1OO of per cent to speak ex-
actly. What danger was there in
that?
At the close Of Shafroth's remarks
a new series of resolutions were intro
duced and referred to committee on
resolutions without debate,
RECONCILIATION OF SILVER.
The hour of 4 o'clock having arrived,
the special order took precedence and
discussion of reconciliation Of silver
was opened by Ex-Governor Prince of
New Mexico. Upon the principle that
all structures must first have a foun-
dation, Governor Prince stated that he
would confine himself to statements
of facts, leaving the superstructure of
the argument to those who would fol
low him. He then began a review of
existing conditions. He charged that
the eastern section of the United States
was opposed to bimetallism, not from
principle, but from absolute ignorance
of the subject. Yet he did not mean by
this to charge conscious wickedness
The west, by reason of intimate asso-
citation with the need of a greater sup
ply of money, was better informed
while in the east, only the banking ele-
ment was acquainted with the issue and
they from selfish interests, advocated
gold monometallism. Turning to the
demonetization act of 1878, passed, as
he asserted, by secret fraud and when
no member of congress had ever ack-
nowIedged having voted for it with the
knowledge that it did demonetize sill
yer. he said that all the silver men
asked was the repeal of that law, of