The Butler weekly times., 1895-06-20
AyOWAL OF PRINCIPLES.
Resolution Committees Report
Adopted at Memphis.
Provision for the Appointment Of a
Central Committee.

Central Committee.
Memphis, Tenn, June 1S.-At the
afternoon session of the silver con.
vention to-day, the committee on
resolutions reported, and the report
was adopted without debate.
The resolutions deal solely with
the currency question and demand
the restoration of silver to the posi-.
tion that it held prior to 1873.
A supplemental resolution was Of.
fered and adopted. 1t provides for
a committee. to be composed of one
member from each state.
Such committee, when appointed,
is authorized to call national con-
vsntion. If it believes that the
cause of silver can be thereby ad-
vanced.
The session was devoted to
speeches, which were made by Sen
ator Stewart and Congressman Mon
ey and Allen. In the afternoon,
after the adoption of the resolutions,
Senator Jones of Arkansas and Till
man, of South Carolina. ex-Grovernor
Prince of New Mexico and others
spoke.
DECLARATION OF PRINCIPLES.
The repor. made by the commit
tee on resolutions and adopted by
the convention follows:
Silver and gold coin have ia all
ages constituted the money of the
world, were the money of the faith
ers of the republic, the money OF
history and Of the constitution.
The universal experience Of man.
kind has demonstrated that the Joint
use OF both silver and gold coin as
one money constitutes the most
stable standard of values, and that
the full amount Of both metals is
necessary as a medium of exchange.
The demonetization of either
OF these historic money metals
means an depreciation of the value
Of money, fall in the prices of com.
modities, as diminution of the result
of legitimate business, the increase
in the burden of debts, a withdrawal
Of money from the channels of trade
and industry, where il no longer
yields a safe and sure return, and
its idle accumulation in the banks
and in the great money centers OF
the country.
There is no health or soundness
in a financial system under which a
boarded dollar is productive of in
crease to it's possessors, while an
invested dollar yields a constantly
diminishing return, and under which
fortunes are made by accretions OF
idle capital or destroyed by persist
ent fall in the price of commodities
and persistent dwindling in the
margin of profits in almost every
branch Of useful industry.
Such system is premium upon
sloth and penalty upon industry,
and such a system is that which the
criminal Legislation of 1873 has i'm
posed upon this country.
The bimetallists standard of sil.
yer and gold has behind it the
experience of ages, and has been
tested and appoved by the enlight'
ened and deliberate judgment OF
mankind. The gold standard is q
departure from the established pol.
icy of the civilized world, with moth.
ing to commend it but % years OF
depression and disaster to the pee.
pie and extraordinary accumulation
of wealth in the hands of the few.
There are some facts bearing upon
this question, recognized and ad.
mitted by all candid men, whether
advocates of bimetallism or of the
single gold standard. Among these is
the fact that the very year that
marked the change from the bimet
allie to single gold standard is the
very year that marked the change
from o condition Of rising prices
large profits, general contentmen,
and great prosperity to condition
of falling prices, diminishing pro6tl
insecurity of investments, unemploy
l,.>-. ..