The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1895-10-04

y III
Leaders of the silver party have Is
sued an address to the people OF the
United States.
The Memphis convention authorized
the preparation of an address covering
the principles on which the silver cause
, is based, its purpose and plans or work.
The preparation of this paper was in
trusted to Judge Henry G.. Miller oil
Chicago, and last week Judge Miller
submitted the results OF his labors TO
| zen. Warner, Congressman Ackler or
Tennessee, Secretary Edward b. Light
of the National Bimetallic league and
the other free silver leaders.
The Gist of tho Address.
The principal part OF the address
reads as follows:
ITO the People of the United States.
The great ejectment case OF gold VS..
silver is now upon trial on it's merits
for the first time before the people oil
the United States, and their verdict VIII
be rendered in the autumn or 1896.
Feb. II. 1873, a distinguished United
States senator, as attorney for the plain
tiff, without notifying the parties inter-
ested, or even the persons called upon
TO decide IL, that such. a case was pend
ing, quietly and without exciting OBJ
servation caused a judgment by default
TO be entered in favor OF the plaintln,
and the congressman who voted for that
measure and the president who signed
1t were surprised to find years after
ward that il had had the effect OF chang
ing the standard money of the country
from bimetallism to gold monometal-
| lism, and of banishing from their coun-
try the silver dollar. which had been
given to the people of this country with
almost the first breath of their national
life.
when the people learned what had
been done they overwhelmed congress
with petitions to vacate the Judgment
which had been so surreptitiously en-
tered and to restore silver to the place
II occupied in our currency prior to the
passage of that act. In obedience 10
this demand the house OF representa-
tives Nov 5, 1877, by vote of l64 yeas
to only "a nays. passed an act restor-
ing silver to the privileges Of the mint
upon an equality with gold on our
present ratio of 16 to l. This was known
as the Bland bill.
The finance committee OF the senate,
of which Mr.. Allison was chairman,
modified the bill by striking out the free
coinage feature, and In the place of 1t
directing the secretary of the treasury
to purchase not less than s2,000,000 nor
more than $4,000 900 worth of silver a
month. to be coined into dollars Of 412la
grains each of standard silver, and they
were endowed with the full legal-tender
function. With this and other amend
ments the bill passed the senate Feb. 10,
1878. The senate amendments were
concurred In by the house Feb. 81, 1873,
and the bill. as amended. was passed
by both houses over the presidents
veto Feb. 2s, 1878. This act was known
as the Bland-Allison act.
I'm acceding to the senate amend
ments the silver men in the house were
largely influenced BY section 2, con-
tanned in the senate amendments, pro-
viding that Immediately after the pas
sage of this act the president shall in
vite the governments of the countries
composing the Latin union, so called,
and Of such other European nations as
be may deem advisable, to join the
United States in conference to adopt
common ratio between gold and sill
ha nf a.fa ligt,i ,,er In,
, ternationally bimetallic money
Upon the invitation Of our president
an International monetary conference
convened in Paris in August, 1878, and
and at its seventh and last session the
European delegates, with great unanim-
ity declared that 1t is necessary to
maintain in the world the monetary
functions Of silver as we'll as those of
gold; that the selection for use of one
or the other of the two metals, gold or
silver. or of both simultaneously,
should be governed by the special posi-
ton of each state or group OF states
Money - Creation OF Law.
This formula treats money as a crea-
ton of law, the way 1t has always been
treated by all civilized nations, and af-
firms in the most emphatic manner the
right of each nation to select the mater
ial or substance of which money is
made, or in which 1t is embodied, and
that its action in this matter should be
governed by its own special position or
interest, without regard to that of other
nations, saying. however. that for the
good of all 1t Is necessary to maintain
the monetary functions Of silver as well
as those of gold
"Mr. Goschen, afterward chancellor
of England. said in this conference: 1
believe that IL would be great mis-
fortune IL propaganda against silver
should succeed. and I protest against
the theory according to which this
metal must be excluded from the none