The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1894-11-28
PRINCES PITHY PLEA
Tho Ex-Governor. Iikss q Splendid
Speech In Behalf Of Slllal.
AT THE ST. LOUIS MEETING
Last Night the White Metal Frlends
In the Big Congress We're Jubi.
liant Believing That They
We're Gaining Ground.

OF. LOUIS Now Sfs-4n0 uovSsoptuoub
Of the second days session Of the Trans.
mississippi congress have not been with.
out interest for the advocates Of the free
coinage Of silver who have been anxious
to secure definite expression from the
congress In favor OF the white metal. Not
alone have the minor features, such -
warm applause, when free coinage WAS
msntioned, been encouraging, but the or.
ganlsation Of the committee on resolu.
tions with Congressman Bryan Of Ne.
bsaska % chairman and E. A. Marshall of
Texas % secretary has been highly do
lighting. Nevertheless there u 10 yet no
certainty the matter will 10 beyond this.
In the convention there 10 . strong ele-
mont In favor Of International free coin.
age only, and opposed to any expression
whatever ON the subject by this congress.
Whether the bimetallists will bo strong
enough to overcome both these elements
cannot he told. Yet there 10 certainty
that the main struggle wall bs on this por.
tion OF the resolutions committees report
and the battle will not be Of brief dura.
ton.
At tho opening Of tho evening session.
ConGressman-elect Shafroth Of Colorado
silver question. Shafroth opened his 70.
was invited to address the delegates on the
marks with theoretical discussion Of the
effects Of tho complete demonstration Of
silver and the consequent compelling Of
any ono metal, gold for instance, to trans.
act the business Of the country or Of the
world. He touched upon the annual pro.
duction Of gold and, arguing from stats.
tical assertions that moro than 15 per
cent. Of that production goes into arts, be
held that tho remaining 25 per cent. was
equal TO but one per cent. OF the aaGre.
gate money supply Of the world. whilo the
increased demand In trade was six times
in excess of that percentage. There was
but one course to follow to supply trade
with its necessary medium Of exchange,
namely, the FREQ coinage of silver.
Following this, he reviswed the POSI-.
tions Of the various governments OF the
world In relation to gold and the increase
In tho number Of nations relying entirely
upon the yellow metal - . basis OF cireu.
lation, asking II 1t were not reasonable
that, with = necessarily appreciated
value, silver should be used to meet the
ever growing demand for exchange.
He opposed the limited use of silver, for
anything short OF FREQ coinage under the
| financial system now existing meant sim.
ply redemption ultimately Of that silver
with gold, thereby again sppreciating tho
value Of the latter petal. The facts
showed that the production Of silver.
though annually larger than that Of gold,
yct with relative comparisons. were made
Of totals In the world at the end Of tho
year that werc less than poi cent.
greater increase. 3s-100 Of per cent. to
speak exactly. What danger was there in
that?
Az the close Of Shafroth's remarks .
now series Of resolutions were introduced
and referred to the committee on resolu.
tions without debate. Among them wore
these: Opposing, by the Seattle chamber
Of commerce, the adoption by the con.
srsss Of any resolution demanding the free
coinage Of silver; favorinR tho early con-
structiou of the Nicaragua canal; oppos.
ing the so-called Onley plan with regard
TO Pacific railroad debts and favoring the
foreclosure Of the government mortgage
with restoring to the people Of tho
granted lands; favoring the taking. away
from congress Of Ito coinage power and
its return to the people under the system
Of the initiative and referendum favoring
the withdrawal Of all existing circulating
mediums and the substitution thereof of
the issue Of full legal tender treasury
notes to the amount Of $50 per capita !;
| favorine the creation OF . cabinet officer
to bs known % the department Of trade
and commerce, and numerous others Of .
minor character.
/ - A -.
tho special order took precedence and
the discussion Of the demonstration OF
silver Was opened BY Ex-Governor Prince
Of New Mexico. Upon the principle that
all structures must first have o founda.
tion, the governor first stated he would
conflne himself to o statement Of facts,
| leaving the superstructure Of argument to
those who follow him. He then began q
review of existing conditions. He charged
that the eastern section Of the United
States was opposed to bimetallism. not
from principle, but from absolute ienor.
ance Of the subject. The west, by rea.
son Of its intimate association with the
need Of greater supply of money, was
better informed, while In the oast only the
banking element was acquainted with tho
issue and they, from selfish interests, I'D.
vocated gold monometallism.
| Turning to the demonstration act of
1873, passed, - he asserted, by secret
| fraud and when no member OF congress
| had ever acknowledged having voted for
tise silvcr, he said, oil tho silver men
asked was q repeal of that law which no
man acknowledged the paternity for and