Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1895-06-01
MEMPHIS CONVENTION.
Meeting OF Sound Money" Advo.
Gates In the Southern City.
Secretary Carlisle Talks on tho Money
Questionable Resolutions Adopted
congressman Bryan. OF Nebras-
ka, Answers the Secretary.
Financial Gathering.

MEMPHIS, Tenn, May 2a.-Upward
of 1900 people were present ut the
Auditorium ut 2:i5 o'clock when Chair
man W. j. Crawford called the BUSH
ness mems convention to order. Con-
gresham Catchings was made perma-
ncnt chairman of the meeting. Secre-
tnry of the Treasury Carlisle was then
introduced and he made long speech
on the money question. After
u recess the resolutions COM
mittce presented report, which
was adopted. They IRE in brief as
follows: 1--WE favor the maintenance
OF all our money, whether gold, silver
or paper, on n parity, to the end that
each dollar, whatever may be its COM
position. shall have equal purchasing
and debt-paying power with every
other dollar"
1--WE accept the principle that the BIZ
metallic standard cannot be maintained
where the ratio fixed by law for the
free coinage of gold and silver does
not correspond with the market ratio
of the two METALS" and 1--WE are, there
fore, opposed to the free, unlimited
and independent coinage OF silver Mt
the ratio of 10 to /, when the market
or the commercial ratio Is more than
30 to /, and the difference between the
bullion value of n gold and n silver
dollar Is about 30 cents, on the ground
that such action, instead Of restoring
the bimetallic standard. would newt
ably result In silver recommendation.
because change from the gold to
the silver standard would have The
effect to repudiate all public and pri-
vate obligations to the extent OF the
difference between the bullion value
of the gold and silver dollar.
"Because gold standard countries re-
tain silver in their circulation on n
parity with gold, whereas there is no
silver standard country which does or
can utilize gold as money.
because there is not silver coun-
try on the globe where the wages of
laborers are sufficient to sustain the
working classes in comfort and indie.
pendence.
1--WE would rejoice over the adoption
of real bimctallism, but in view of the
continued fluctuations in the price OF
silver in the open market we realize
that it is impossible for the United
States. independently, to adopt a BIZ
metallic standard. and we deem 1t un-
wise and hazardous to the best in
terests of its people for this country to
attempt its adjustment.
I'VE favor the retention as part of
our money the silver now coined and.in
order to give wider field for the use of
silver, we favor the funding of all
money other than silver and silver
certificates below the denomination
of $40 into higher denominations,
so as to make our entire circu-
lation below the denomination of $40
either silver or silver certificates. and
to this end the secretary Of the treas
ury should be authorized by law to
coin from time TO time ms the people
may require them. silver dollars until
the demand of commerce for money
below the denomination OF $40 is at
all times satisfied
"We realize that our national bank
ing system was adopted during time
of war. and that it is not adapted TO
existing conditions. We. therefore,
favor such legislation rs will secure to
the people n system OF banking sur
rounding by such safeguards as will ut
all times furnish them n safe, elastic
and sufficient currency for the trans
action of their business"
Bryan Replies.
MEMPHIS. Tenn. May a6-Memphis
Is the storm-center OF the south just
now in the agitation OF the all-absorb-
ing currency que -tion. Close upon the
heels of Thursdays sound money"
convention at the Au litorium, at which
the economic views of the secretary of
the national treasury were eNpoundci
to large githerin. of men
from all parts of the south who
are opposed TO free coinare OF
silver ut tine ratio of 10 to /,
came n meeting last night OF an
equally numerous class Of citizens,
whose slogan Is ''honest money" and
whose guest of honor was the eloquent
young Nebraskan. William j. bryan.
A considerable part Of his speech was
taken up with comparisons of Secre-
tary Carlisle's last speech. with utter
ances said TO have been made by
him in 1879. lie closed by say
ing that Secretary Carlisle had de-
serted the struggling masses" for
whom he formerly spoke, but that even
without his leadership they would be
able TO cast their ballots for the resto-
ration OF the gold and silver coinage Of
the constitution, and that the present
efforts of Secretary Carlisle, instead OF
retarding the movement, would make
his former speech familiar to the Amer
lean people aud show them the danger
of intrusting our financial policy to
the idle holders OF idle capital" or TO
their representatives.
"
MOTHER AND SON GU LTY.
.Is,ln and I'm rrlef Ornk Derln rcd the Mur-