The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-08-21

SAN FRANCISCO. Aug 2O.-At the
Forenoon session of the non-partisan
silver convention called by the Ameri-
can B;metallic league, SAL delegates
were seated by the committee on Gre
dentials. The temporary officers,
George W. Baker and George P.
Keeney, were made permanent chair
man and secretary respectively. In
view Of their services to bimetallism
George ~. Baker, Republican,; T. J.
-Clu1lIe, Democrat, and Alexander Ma
Jors, Populist, were recommended for
appointment as national committeeman
OF the American Rimetallic league for
the state Of California. and were in
structed TO proceed without delay to
organize bimetallic leagues throughout
the state. The balance of the session
was devoted to addresses on the silver
question by speakers selected by the
programme committee.
Assemblyman Timothy Guy Phelps,
eX-collector of the port, said the con-
Tention had met to right great
wrong, THE crime of rs He said by
reconciliation our paralyzed indus
tries would be revived and American
2aborers raised TO higher plane. He
said that decentralization benefited the
creditor and hurt the debtor class. 1t
disturbed the rights of contracts.
Robert NJ. Beatty, of Nevada,
thought that silver would never be re-
stored as long as its friends depended
upon either Of the old parties. He be-
l1eVed that the Peoples party was
alone sincere towards silver.
al. a. Hurley ofiCalaveras, held that
- United States should immediately
proceed to remonetize silver irrespec-
tive Of the action of European coun-
tries, which he thought would soon fol-
low sucn an example set by this coun-
try. He maintained that the only way
to secure the reconciliation of silver
ZkSs by the election to Congress of men
%Fdged TO silver. regardless of party.
Aasilver education was necessary all
over the country.
At the afternoon session Delegate
Thompson Ccolored). of Sacramento.
believed that party affiliations should
be thrown aside and men should look
TO their own interests He had left the
Republican party although he said it
had freed his race. He considered the
negroes had paid their debt to the Re
publican party by twenty years of
faithful alliance and llenceforth he
would vote for the man pledged to free
silver
At the evening session Miss Phoebe
Cousins and Hon. NJ. NJ. Estee deliver
ed addresses.
BIT. Estee said:
Tie rock on which this government
stands is credit. and credit stands on
confidence. The fundamental PROPOSE
ton is that the laborer may receive
fair pay for his work and that he shall
have continuous employment 1t is
useless to say that thirty or forty years
ago some one robbed the government.
The question now is, what is the rem
edy? III the last three years there has
been a loss in values more than the
war Of the rebellion cost. The value
of labor has deprecated % per cent.
They answer that this cannot be be-
cause silver was demonetized twenty
Two years ago. Why are we beginning
TO feel the effects now of that demone-
tization? Three years ago our imports
began to exceed our exports. and to
pay this excess we had TO pay in that
kind of money that England wanted.
Our government concluded to borrow
money to borrow 800, 600 from Bel
72ozit and the Rothchilds. They al
Bwed the bankers to make little pro-
tit Of so. 900 on the transaction as
- ey promised to protect this country.
setnagine three firms of bankers pro-
tecting q, nation of 600 of people
and Just think of the sort of protection
they would give US. No wonder all
these bankers are gold monometallists.
In 1873, when silver was demone-
tized. wheat was selling in Chicago at
81 bushel. In 1894 wheat was selling
IN Chicago at 60 cents 8 bushel Silver
and wheat went together. and when
silver was worth a good price the price
of wheat was good likewise.
This is a great contest between the
debtor and the creditor classes and the
way the creditor gets advantage is by.
declaring that silver is not money, for
he knows that it is the current meas
IRE Of value of the every day product
CT the farm and the shop.
After Mr.. Estee's address the con-
vention adjourned until tomorrow
morning.