The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-06-06

together, and let it be understood tie
men who are not with you are against
you.''
The governor was greeted with loud
cheers at the conclusion of his speech.
Platform of '92.
Governor Altgeld was followed by
Mr.. Michaelis, of Chicago, and John
A. McClernand of Springfield. In the
address of Richard Michaelis, editor
of the Chicago Fret Presse, among
other things he said:
The Democratic national platform Of
1892, demands bimetallism III unequivocal
terms; but President Cleveland, Senator
Palmer and other prominent Democrats
have repudiated the platform. on which
they were elected, and have abused their
influence to restrict the coinage of silver
Their efforts had the purpose as well
as the effect to enhance the value or
gold, to make the primary money Scarcer
and dearer, and We have therefore, the
right TO call the organization advocating
such a financial policy the dishonest
cessful attempt to denonetize silver and
thus to decrease the amount of standard
money appears as a dishonest effort to
force debtors to repay loans in an artlii-
clally enhanced money and TO coerce the
producing classes to pay to money lend
erS higher rate of interest. The dlSaS-
urouS consequences OF this policy, carried
OH by the financial powers since 1873, are
perceivable in the shrinkage of values
of nearly all commodities and in the stag
nation of business.
A Most Important Task.
Il am On old bimetallist. 1 consider the
restitution of silver to its old rights as the
most important task. / believe that the
Democratic party alone can and will
remonetiZe silver and, therefore, l am
member of this convention.
This splendid gathering Is proof that
the voters of Illinois and the people at
urge cannot be deceived by the false
arguments of tie dishonest money
league. We all know that gold and silver
have been standard money as long as
humanity has history until in and since
1873 the free coinage of silver has been
prohibited in about a dozen of nations.
We all know that only two So-called argu-
ments have been offered in defense of the
demone tlZation of silver, viz: FirSt-That
an over production has caused a silver
flood, and second, that it had become i'm
possible to maintain ratio between gold
and silver.
But the report of the director of the
mint of the United States of April 20, 1895,
shows that during the last 100 years the
production of gold has exceeded the pro-
duction of silver about $50O,O00,00O We
had, therefore, not an over-production of
silver, but rather an Over-production of
gold. And other official documents of the
United States destroys the other false ar
gument of the dishonest money league.
Page so, of the United States StatiS-
teal abstract of 1892, shows that from 1867
until 1875, the ratio of value of unlimited
gold to unlimited silver differed never
more than II per cent, fuctuation that
the money pieces coined in both metals
at the rate of to TO-
BimetaIIism in Germany.
Now, let me tell you my experience
with bimetallism among the Germans.
Some years ago [ visited Germany. Ev-
cry newspaper that came into my hands
the gold standard When
searched for bimetallists 1 found a small
band of men carrying on campaign of
weekly paper.
THE campaign was successful. Some
weeks ago the Reichstag passed a reSolu-
ton requesting the imperial government
to call mint conference and the chan !
cellor, Prince Hohenlohe, declared he |
would do so. During the last fortnight
the House of Lords as well the lower |
resolutions asking that the mint confer
ence should be called for the stated pur-
pose of re-enacting bimetallism. That is
the result " campaign Of education |
The reason for this almost miraculous |
appearing result is the fact that bimet- |
allism demands only what has been law |
on earth for thousands of years, and |
what is honest financial policy; and pre- |
1ict here today that victory will perch on |
Dur banners in this great country if we |
Will all do our duty
The Resolutions.
The committee on resolutions then
to Chairman Fithian, sub
hitting the following resolutions:
Whereas, Silver and gold have
been the principal money metals of |
he world for thousands of years, and
silver money is recognized and used
Is honest money between individuals
md between nations, Notwithstanding
he various ratios between silver and
sold, and
Whereas, The demonstrations of
ilver has deprived the people of the
rec use and benefit of an invaluable
md original money metal, and has
debts and added to the bur-
lens of the people by lowering the
-alue of labor and labor products;
nd,
whereas, The constitution of the
United States prohibits any state
rom using anything but gold and sill
-er coin as a legal tender for the pay
nent of debts, thereby recognizing
hat coin composed of silver or of
,old is honest money and to be used
s a legal tender, therefore, be it
Resolved, By the Democrats of
Illinois in convention assembled, that
Fe are in favor of the use of both
old and silver, as the standard money
f the United States, and demand the
rec and unlimited coinage of both
Metals at the ratio of Is to 1, without
7aiting for the action of any other
alton, and such coins shall be legal
ander for all debts both public and
rivate, and that all contracts here .
fter executed for the payment of
honey, whether in gold, silver or coin,
lay be discharged by any money,
hich is by law legal tender.
Resolved, That we hereby endorse !
lie action of the Democratic state
entra1 committee in calling this con-
antiOn and we instruct the committee
carry out the win of this convention
; expressed in its platform by in |
lgurating and carrying on a cam
aign of education in this state, and
thoroughly organize the Democracy
the state on the lines as laid down
the platform of this convention.
Resolved, That the Democratic
e Senate from this state be, and
icy are hereby instructed to use all :
'norable means to carry out the
'incipleS above amunciated." I
There was lengthy debate in re-
Lrd to the resolution favoring an in !
tation to the national Democratic
to cali national conven-
IN. This resolution was finally >
lopted:
Resolved, That we request the Il
national committee to call
national convention to consider the '
oney question not later than August.
80. If the committee refuses to call /
CHI convention, then we invite the Z
state committee of other
ates to take concurrent action with c
e Democratic state committee of
is state in calling such convention"
When this resolution was read it was
eeted with loud applause, as was .
so the 16 to para graph of the main
solutions. O