The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1894-11-29

committee on resolutions, Hon. w. j..
BRYAN of Nebraska, presented the ma
jority report Of the committee on 1880
lutions a. follows:
Resolved, First, that in direct oppo.
sition to the plan known rs the Baiti'
more plan, the sense Of this convention
is that all issues of paper money aEould
be by the general government.
Second. that il IL the sense OF this
convention that the pending proposition
for reformation of our paper currency
10 one that in our judgment would
create additional and perhaps insur-
mountable difficulties to the return OF
bimetallism and that We are opposed to
the same.
Resolved, Third, that in any currency
reform acted upon, We demand that q
constituent part thereof shall be the re-
monetization OF silver. or that 1t shall
be of euch q character as to be no inns
pediment to our return to bimetallism
as it existed prior to 1873.
Whereas. An appreciating monetary
standard impairs oil contracts, bank
rupts enterprises. makes money profta-
BILE by increasing its purchasing power
and suspends the productive forces OF
our people; and
Whereas, The epoilation consequent
upon the outlawry OF silver in the inter.
est Of the creditor class, by constantly
increasing the value OF gold, lie UNDER
mining all industrial society.
Therefore, we demand the immediate
restoration OF free and unlimited coin
age OF gold and silver at the present
ratio OF is to I. without waiting for the
aid or consent OF any other nation on
earth.
A MINORITY REPORT.
A minority report signed By E. 0.
Stausrd, Missouri; s. F. Smith and B.
F. Lineham, Iowa; Lewis Hancock and
f. A. Marshall, Texas; A. L. Black and
d. L. Dures. Washington; B. w. Rich
ardson, Nebraska, and Thomas Sharf,
Minnesota, was then presented by Gov
ernor Stanard. who Immediately opened
the debate with q fine 10'minute address
on behalf OF his report. The text OF the
report is:
Resolved, That we favor the use OF
silver in the coinage OF this country to
the fullest extent consistent with the
maintenance OF our present standard.
and that we cordially approve the efforts
of the government OF the United States
ty secure the cooperation of other ma
tions in a more extended use of silver in
international commerce, upon such
ratio of value with gold as may be
found expedient and effective, and Gus.
ceptibls of being definitely main tanned;
but we deprecate the agitation for the
free coinsge of silver by this country as
a menace to the eoundness OF our cur
rency sad injurious to the public welfare.
DEBATE ON THE RESOLUTION.
In bis address opening the debate,
Governor Stanard pleaded for the pro-
ated currency as urged by the majority.
He knew. he said, there was little
chance of changing minds that had come
here already made up, and therefore be
could only put himself and his assooi.
ates on record as believing it was bad
policy to recommend to congress policy
that would bring into use q deprecated
currency.
Delegate w. J. Bryan, OF the msjori-
ty. yielded portion of his time to Del
egates johnson OF Colorado and Good
win OF Utah. the latter the editor of the
Salt Lake Tribune, who briefly declared
what they believed was the unanimous
wishes OF their 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 compari.
son of the circulation OF 1860-65 with
that OF the present time, as indicating
need of a greater per capita circula
ton.
Delegate Black OF Washington de-
clared for free coinage.
Delegate Leighton pronounced the
resolution of the majority but an en-.
dorsemsnt OF silver monometaIlism.
Congressman Bryan then closed the
debate with plea for the independent
action of the west in favor of an honest
money.
FREE COINAGE INDoRsaD.
A vote was then taken on the substi-
tuition of the minority for the majority
report and it was lost-2131a to III.
The question then required on the
adoption of the majority report. A di-
vieion on the question was demanded.
and the currency portion was adopted
by a viva voce vote.
The silver coinage portion was voted
IN by state roll call. and was adopted by
A vote of 2l4la to 671a.
PERMANENT ORGANIZATION.