The record-union., 1894-11-29

htoi udtiOudl court 10 near ana deter
mine, under rules of law, all questions
arising between the Governments of the
Cnited States, Great Britain, Mexico and
canada, both OF which to be established
Dy JOINT action of the Governments; IA
Voflng the appropriation of sufficient
money to increase the depth of water in
the harbor of Duluth to twenty feet, and
recommending the use of American coal
ana other products i'll the L nited States
navy.
Al this juncture, the Chairman of the
committee on Resolutions, Hon. w. j.
Bryan OF Nebraska, presented the ma
Jorlty report OF the Committee on Resolu-
tons as follows:
RcsotUed, First, that in direct opposi-
ton TO the plan known as the Baltimore
plan, the sense of this convention is that
all issues of paper money should be by
the General Government. That it is the
sense OF this convention that the pending
proposition Tor "A reformation OF our paper
currency is one that in our Judgment
would create additional and perhaps in
surinoUntabIe difficulties to the return to
bImelaiiism, and that we are opposed
to the same. Third, that in any cur
rency reform acted upon we demand that
constituent part thereof shall be the
| remonetIZatlOn OF silver, or that it shall
be OF such character as to be no imped-
lment To our return TO bimetallism, as it
existed prior TO 1873.
WHEREAS, An appreciating monetary
standard inpairs all contracts, bank
ruptS enterprises which makes money
| profitable by increasing its purchasing
power, and susponds productive forces of
our people; and whereas, the spoliation
consequent upon the outlawry of silver
IN the interest OF the credit class by con-
stantly increasing the value of gold is
| undermining all industrial society;
therefore we demand the immediate re-
StOratlOn of free aud unlimited coinage
OF gold and silver at the present ratio of
sixteen TO one, without Waigiug for the
aid or consent of any other nation on
earth.
a minority report signed by E. O.
Stanard OF Missouri, 5. K. Smith and E.
Il. Linehan Of Iowa, Lewis Hancock and
l.. n. Marshall OF Texas, A. l.. Black
and ID. E. Duryea of Washington, b. w.
Richardson OF Nebraska and Thomas
Shart OF Minnesota was then presented
| by Governor Stanard, who Immediately
opened the debate with a fine ten-min-
ute address on behalf of his report.
The text of the report is as follows:
HeSOlUcd, That we favor the use of sill
yer In the coinage of this country to the
fullest extent consistent with the main
tenance of our present standard, and that
we cordially approve the efforts of the
Government of the United States to Sc
cure the corporation of other nations in
more extended use Of silver in internal
commerce, upon such ratio of value with
gold as may be found expedient and
effective, and susceptible of being deii-
nltely maintained; but we deprecate the
agitation of the free coinage OF silver by
this country as a menace to the sound
ness OF our currency and injurious to
public welfare.
In his address opening the debate, Gov
ernor Stanard pleaded for the protection
or the country from a deprecated cur
rency, as urged by the majority. He
knew, he said, there was little chance of
changing minds that bad come here a.
ready made up, and therefore he could
only put himself and associates on rec
ORD as believing 1t was bad policy to
recommend TO Congress policy that
would bring into use deprecated cur
rency.
Delegate w. j. Bryan of the majority
yielded portion OF his time to Delegate
Johnson Of Colorado and Goodwin of
tab. the latter editor Of the Salt Lake
ITfOU1te, who briefly declared what they
believed was the unanimous wish oftheir
constituents.
Delegate Hancock of Texas spoke for
the minority report, being followed by
General Weaver of Iowa, whose remarks
were devoted TO a review and comparison
OF the circulation OF lS60-65 and the pres
ent tlne as indicating q need OF greater
per capita circulation.
Delegate Black OF Washington declared
1or Tree coinage.
Delegate Leighton pronounced the res
oIutlon OF the majority but an indorse-
ment OF silver monometallism.
Congressman Bryan then closed the de-
pate with plea for the independent ac-
tion OF the West in favor of an honest
money.
vote was then taken on the substitu-
ton OF the minority for The majority re-
port, and 1t was loSt-2I31 10 77B.
The question then recurred on the
adoption OF the majority report. A di-
vision on the question was demanded,
ana the currency portion was adopted by
viva yoce vote. The silver coinage por-
ton was voted on by State roil-calI and
was adopted by vote of2l4! to 671.
Ihe Chairman OF the Executive Com
mittee then reported plan for perma-
nent organization, providing Tor a full
set OF ofncers, as at present, including
lce-PreSIdent and two members OF the
Executive Committee from each State.
2nd annual meetings at IA place TO be Sc
lected by the preceding congress. In adj
clifton, Treasurer is provided for and an
nual dues of $40 for the first delegate from
each business organization and 50 for each
additional delegate to which it may be
entitled; also annual payment of 10 by
each delegate appointed bv Governor,
Mayor or county executive.
The basis OF representation is fixed at
| ten delegates for each State. one Tor each
city, with one additional for each 5000 of
population, the total not 10 exceed ten:
one for each business organization, with
one additional for each fifty mem bers not
to exceed a total OF ten, and one delegate
for each county, each delegate present to
have one vote. With an additional pro-
viso that no State shall have greater
voting power than thirty, the report was
! Immediately adopted.
The funds raised by the dues are to be
used Tor the expenses of the congress and
for presenting the recommendations of
the congress TO the Federal Congress-
With the adoption of a resolution call
ing the attention OF the Interstate Com
merce Commission, the Stale Legislatures
ana the railroad companies To the alleged
eXtortionate charges in The way OF freighis
upon cotton, relatively in excess of the
charges on other products, and ling for
a proper reduction thereof, the conVen-
ton took its evening recess.
EVENING SESSION.
The evening session was, As usual, de-
voted 10 formal papers upon set subjects.
Adjournnent WAS tE9u taken until
Friday, the understanding being that to-
morrow would be devoted entirely TO
entertainments
AMUSgLHNT9