Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1894-12-01
SILVER THE THEME
Remonetization Discussed BY
Able Men.
THE WHOLE WORLD NEEDS IT
The censrss. At ST. Louis Not unis,
However, ON the Way 20 Secure
It-Work OF the secopd Day.

ST. Louis. Nov. Acknowledgements of |
the second days session of the trans |
Mississippi congress- have not been |
without interest for the advocates Of |
free coinage OF silver. who have been |
anxious 10 secure q 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 organisation Of the COM
mittee on resolutions with Congressman
Bryan OF Nebraska m chairman and u.
A Marshall OF Texas as secretary.
has been highly delighting. Neverthe-
ieFs, there is as yet no certainty that
the matter win go beyond this. In
ment In favor of international free
coinage only and opposed to any ex-
precision whatever upon the subjert by
tho congress. Whether the bimetal-
lists win be strong enough 20 win over
10th these elements can not be told
Yet there IL a 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 CON-
mittee on rules and order of business.
The committee on resolutions was ap-
pointed. two from each state. Those
from Washington are A. l.. Black and
ID. r. Devine: from Idaho. William
Bulge. f. b. Rich from Oregon. r. b.
Lodge. number of resolutions were
submitted.
The committee on permanent organ
ization presented it's report. naming
George q, Cannon OF Utah for perman-
ent presiding officer with one vice presi-
dent from each state to be named by
Its delegation. The present secretary,
NJ @. Butterfield of Oregon. was re-
quested TO continue through this con-
gress, the executive committee being
ins structed 10 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 ses-
sion. Congressman-elect Shafroth Of
| Colorado was invited 10 address tho
delegates on the silver question. Shat
| roth opened his remarks with theo-
| retical discussion OF the effects or the
| complete demonstration OF silver and
| the consequent compelling of any one
4 metal, gold for instance, 10 transact the
/ business of the country or the world.
| He touched upon the annual produc-
ton of gold and arguing from statis-
tical assertions that more than 7b per
| cent. OF that production goes into the
| arts. held that the remaining rs pei
| cent was equal to but / 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 20 supply the trade
with its necessary medium Of exchange
viz: Free coinage OF silver.
Following this he reviewed the po-
sitlons OF the various governments OF
the world with relation to gold and
the increase In the number or ma
tions relying entirely upon the yellow
metal as a basis of circulation. asking
II 1t were not reasonable that were II
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 oi
free coinage under the financial system
now existing meant simply the re
demption ultimately OF that silver with
gold. by again appreciating the value
OF the latter metal. The facts showed
that the production of silver was an
nualiy larger than that OF gold. Ye
with relative comparisons OF the tota
In the world, at the end OF the year !
was less than / per cent. greater pc
cent, ss-ie0 of per cent to speak ex
aetly. What danger was there II
that2
AT the close OF Shsfroth's remark
new series OF resolutions were intro
duced and referred to COMMITTEES OF
resolutions without debate.
REMoNETIzATIoN OF SILVER.
The hour of,4 O'Clock having arrived
! the special order took precedence an
discussion of RECOMMENDATION OF silye
/, was opened by Ex-Governor Prince
, | New Mexico Upon the principle tina
/ ali structures must first have n foun
: dation, Governor Prince stated that h
would eonfine himself TO statement
Of facts. leaving the superEtructure G
the argument to those who would 70
low him. He then began review 9
existing conditions. He charged tha
the eastern section OF the United State
was opposed to bimetalIism. not froI
Z principle, but from absolute ignorane
of the subject Yet he did not mean b
: this 10 charge conscious wickednes
] The west. by reason OF intimate asst
citation with the need OF a greater SUI
ply OF money. was better informe'
while In the east. only tbs banking ei
: menf was acquainted with the issue an
Z they from selfish interests. advocats
2 gold menometaillsm. Turning 20 u
demonstration act OF 1874 passed, /
J. -. ...a-~ta.t ssss ss.s,r.4 fraud and Vshf