The herald., 1895-08-07

at the national mints and opposed to
farming out to the banking corporations
the government sovereign power of
issuing and controlling the money of the
people. The act of 1873 demonetizing sill
yer was surreptitiously passed, without
tho approval or knowledge Of the Amer,-
can people, and from the time when the
effect of this act in fastening upon the
country the single gold standard was
understood. the Democratic party has
the grievous wrong be righted.
Failing to accomplish this object has
resulted in the steady appreciation of
gold ana a corresponding fall in the price
of the commodities produced by the peo-
pie. a heavy increase in the burden Of all
debts, public and private. the enriching
of the money-lending class. paralysis of
industry and poverishment of the peo-
pie ana unexampled distress in all gold
standard countries. Experience has
shown that while, under the single gold
standard. thero may be an occasional re-
vival of business activity. accompanied
by enhanced prices of limited number
of commodities. such revival is due to
artificial and temporary causes and can
not permanently alleviate the sufferings
due to falling OF prices brought about by
the appreciation of gold and an made
money.
Duty to the. people requires that the
party of the people continue the battle
for bimetallism until efforts are crowned
with success; therefore be it
Resolved, That we, the Democratic
party OF Missouri, in convention assem-
bled. demand the free and unlimi ted
coinage OF silver and gold into primary or
redemption money, at the ratio OF Is to ],
without waiting for the action or APP
proval of any other nation; and second.
Resolved, That we are irrevocably op-
<o ha ,t>s<;t e.
money OF panic breeding corporation
credit currency based Oh a single metal.
the supply of which is SO limited that 1t
can be eornered at any time by few
banking institutions in Europe and
America; third.
policy and practice of surIendering to the
holders of the obligations of the United
States the option reserved uy the law to
the government of redeeming its obli-
cations in either silver coin or gold coin;
fourth.
Resolved. That We are opposed to the
issuing of interest bearing bonds of the
United States in time of peace, and esps-
cially are We opposed to placing the treas
ury OF the government under the control
OF any syndicate of bankers and the issu-
ance of bonds to be sold by them at an
enormous profit for the purpose of supply
Ing the federal treasury with gold 10
MAINTAIN the policy of gold monometal-
llsm.
The resolutions were adopted with
whoop.
Additional resolutions were presented
and adopted, authorizing the chairman of
the convention to appoint delegates from
each congressional district to attend
conference in. Washington, August Ia, as
recommended by Senators Turpie. Harris
and Jones; that the state central COM
mittee be requested to call a state conven-
tion to be held not later than April Is,
1896. in st. Louis, to select delegates to
the national Dem ocratic convention in
1896. Greetings were sent to Senator
Blackburn OF Kentucky in his fight for
silver; also to the Democratic state con-
ventions at Fort Worth, Tex, and Mis-
state central committee. nineteen IN all,
the convent.o on adjourned sine die.