The herald., 1895-06-14
Assooiated Press speeial VIC.

Associated Press Special Wire.
MEMPHIS. Tenn. ,9June 13.-The pos.
sible disruption of the old parties, OF the
Dmocratic party in the south and the
Republican party in the west must have
been uppermost in the mind OF any
thoughtful observer of the past two days
proceedings in the great silver conveAtion
which has been in session at the Audi
torium. Both sides OF this proposition
were discussed today in impassioned
speeches and strong argumentative APP
peals tc the fifteen hundred delegates
and visitors who attended the big mass
meeting. The first warning OF the app
preaching encounter was heard last night
in the bold utterances of Congressman
Joseph G. Sibley OF Pennsylvania, in
favor of a silver party, an aggressive cam
paignsfor the remonetization of the white
metal without regard to previous parties
Today all disguise was thrown off. The
men who favor silver party, with one
purpose and one idea under the leader
ship OF Senator Tillman OF South Carolina,
Butler of n orth Carolina, Stewart of Ne
vada and Adam OF Colorado, told of
their plans without reserve and asked
their hearers to decide between the party
and the nation. On the other hand those
favoring the settlement of the silver ques-
tion within party lines, urged oonserva-
tive action, vigorous agitation for
free silver, but bearing in mind
that there were other questions of
impo1tane to the political future
of the country which should cause
the voter to think well before casting
off the party affiliations of years and Civ
ing his undivided suffrage to the one
cause of silver. The money question,
they claimed. should and would be set
tied within party lines. The conservative
element prevailed in the com m ittee on
resolutions and the declarations of that
body. which were made by the convention
did not go beyond a strong presen tation
OF the views of the free silverites gathered
here. But the convention adjourned with
schism in it. One faction advocates
The Sibley Idea" and the capture of the
Democratic convention, and. failing in
that, independent political action, while
others were fighting the issue strictly
within party lines.
. AT 10: 10 clock this morning Rev. DR..
Brooks OF Memhpis opened the conven-
tion with prayer, after which the arrival
of the delegates from Arizona and Ar
kan sas was announced. Chairman Tur-
pie then announced the committee on
resolutions was not ready to report, and
introduced Senator Stewart OF Nevada,
who addressed the convention.
A Senator From Nevada
1.-THE object lessons of the past three
years show that the American people are
face to face with concentrated capital, the
enemy which destroyed all previous civ
ihzations. A shrinking volume of money,
compared with population and busi-
ness. produces falling prices paralyizes
n 6Itg fry nd pf
wealth to pawn their property to continue
the struggle against pending fate.
1.-The modern colossus, the Rothschld Ids
com biua tion, is the greatest brokerage
tabllsbment the world has ever seen. 1t
deals with corporations and nations, which
force from the people their earnings.
either by monopolizing the necessaries of
life or by the overpowering power of tax
alton. 1t furnishes money for It's Gus
toners by selling their bonds to the pub
lie fol vastly more than the cost to the
combination. The vast bonded debts of
the United STATES and Europe have passed
through their hands for century, and
the increment retained by the Roths-
childs alone, Independent OF their num-
erous associates, is estimated at ~, 000,-
000,000. This combination robbed the
United States of gold TO convert the sill
yer debt OF Austria into gold obligations,
and made $500. 00O 900 in the transaction.
In 1898 the vaults of the United States
treasury were opened and more than
S100, 600 900 OF gold was shipped to Austria
with the aid OF the administration which
refused to exercise the option provided
by congress to pay in either gold or sill
yer. By this means the great combina-
tion wrecked the finances OF this country
and created the panic of 1898. Gladston
and Cleveland We're willing agents Of the
gold trust. They suspended coinage in
India and repealed the purchasing clause
OF the Sherman act to make it easier for
the combination to control the standard
money of the western world. France and
Germany made no objection to the
wicked work of the syndicate while its
raid was sweeping away the fortunes of
the American people, but they protected
them selves by refusing to furnish gold
Tor the Austrian speculation. Each
when gold was demanded for export. paid
its obligations in silver, as the congress
of the United States authorized the secre-
tary of the treasury to do. Tae success of
the gold combination in repeating the
purchasing clause of the sherman act,
and thereby ratifying and confirming
the infamous act of 1873, demonetizlng
silver, placed the fortunes of 70, 600 900
OF people at the mercy of the gold kings.
The temporary lull in the financial storm
which the country now enjoys was
bought. president Cleveland contracted
with the Ruthschidls com bination to cease
their raids on the L nited States for eight
mOEbus. ne price lie palu IOr peace ana
protection shows the prostrate condition
of the people of this country before the
power of the gold monopoly. He gave
them $l2, 600, 600 in the difference between
the market price and9 what he received
for S62. 900, 600 of United States bonds
and further agreed in consideration OF
such protection to allow the comblna-
tion to purchase whatever bonds might
be issued before the meeting of another
congress. What further proof required
than this contract to demonstrate that
the gold of the world is cornered?
banking corporation contracts 10 change
the currents of international commerce
and agrees that no gold shall be shipped
from the United States for a period of
eight months. How could the Roths-
cbilds combination perform such a con-
tract and stop the shipm ent OF gold from
America to Europe unless they had con-
troll OF the gold? The goldites proclaim
that the people Of this country are en-
titled to the best money with the great-
est purchasing power of any money il
the world. What right have the people
to the gold which %ne combination owns
and controls? The British now know
where the gold is which they are told is
the only money they can have
AS long as the standard money of the
western world is in the hands of this
colossal pool. just so long will the pur-
-iaS mower OF gold increase and the