Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-06-28
Speech by Stewart.

Speech by Stewart.
The Memphis silver convention COM
pleted its labors Thursday night by the
adoption OF Il series of free-cOinage res
Olutions ami providing for national
campaign of education" The first
speaker of the day was Senator Will
lam Stewart of Nevada. lie said:
The object lessons of the last three years
show that the American people are face To
face with concentrated capital, the enemy
which destroyed all previous civilizations.
A shrinking volume OF money as compared
with population and business produces fall
Ing prices, paralyzes industry and compels
the producers of wealth to pawn their prop
erty to continue the struggle against i'm
pending fate. The modern Colossus the
Rothschilds combination, is the greatest
brokerage establishment the world has ever
seen. 1t deals with corporations and ma
tons which force from the people their earn
ingS either by monopolizing the necessaries
OF life or through the sovereign power of
taxation. 1t furnishes money for Its Gus
toners by selling their bonds TO the public
Tor vastly more than the cost TO the COM
Dination The vast bonded debts of the
United States and Europe have passed
through their hands for nearly century.
and the Increment retained by the Roth
schilds alone, Independent of their numer-
ous associates, is estimated at $1,000, 100000.
This combination robbed the United States
OF gold 10 convert the silver debt of Austria
into gold obligations and made $4O0,OO0OoO
IN the transaction.
In 1893 the vaults of the United States
Treasury were opened and more than $780,
OOo,0O0 of gold was shipped TO Austria with
the anu OF the administration, which re-
fused 10 exercise the option provided by
Congress 10 pay in either gold or silver. BY
THIS means the great combination wrecked
the finances of this country and created the
panic Of 1898. France and Germany made no
objection TO the wicked work of the syndicate
while It's raid was sweeping away the for
tunes of the American people. but they pro-
tected themselves by refusing TO furnish gold
Tor the Austrian speculation, and when gold
was demanded for export they paid their OBJ
legations In silver, the Congress of the
United States had authorized the Secretary
of the Treasury 10 do. The success Of the
gold combination In repeating the purchas-
ing clause OF the Sherman act and thereby
ratlfylns and confirming the infamous act
and thereby ratifying and confirming the in
famous act Of 1878, demonetizIng silver.
placed the fortunes of 10,00O000 people at
the mercy OF the gold kings.
The temporary lull in the financial storm
which the country now enjoys was bought.
The price paid for peace and protection
shows the PROSTATE condition of the people
of this country before the power of gold
monopoly, Cleveland gaUe cot the Roth
difference between the market price and
what he received for S62, 600 600 United
States bonds, and further agreed in con-
sideration Of such protection to allow the
combination to purchase whatever bonds
might be Issued before the meeting Of an
other Congress. What further proof is re-
CURED than this contract to demonstrate
that the gold Of the world is cOrnered? A
banking corporation contracts to change the
currents OfinternatiOnal commerce and agrees
that no gold shall be shipped from the
United States for period OF eight months
How could the Rothschilds combination per-
form such contract and step the shipment
of geld from America to Europe unless they
had control of the gold? The oddities pro-
claim that the people of this country are
entitled to the best money with the greatest
purchasing power of any money in the world
What right have the people to the gold which
the combination owns and controls? The
people now know where the gold is which
they are told is the only money they can
have.
The people have at last taken this matter
into their own hands. Twenty years of be-
trayal have taught them that equivoca plat
forms and good-Lord -good-devl politicians
those who say they are friendly to silver,
but want something accomplished without
doing 1t themselves. are enemies and cannot
be trusted No man Is a bmetallist who does
not advocate bimetallism as Ii existed for
thousands of years before Sherman visited
England In 1867 and before he carried out
the purposes of an English syndicate to
strike down silver in 1873. Conventions and
the party lash have thwarted the will of the
people for twenty years. The American peO-
pie have been betrayed with a kiss for the
last time We now know that every one who
qualities his determination to fight for the
free and unlimited coinage Of silver at the
IN enemy Of the cause. All we demand is
the Is TO statutes of 1884 and 1881. There
are no ''ifs and sands" about those statutes.
There are none in the creed of a true bimetal-
list. The advocates OF free coinage at 16 TO
by the United States alone comprise three
fourths of the voters of the United States.
vide and conquer They have played that
game for the last time. The hearts of the
people are In common cause, produced by q
common calamity.
Text of the Resolutions.
The resolutions adopted advocate the
free and unlimited coinage of gold and
silver at the ratio of 1G to 1, declare
that international cooperation is not
necessary, and attribute the recent
hard times entirely to the demonetiza-
ton of silver. The resolutions follow
Silver and gold coins have in all ages con-
sttuted the money Of the world, were the
money of the fathers of the republic, the
The universal experience of mankind has
demonstrated that the joint use OF both
silver and gold coin as money constitutes the
most stable standard of value and that the
full amount of both metals is necessary as
medium Of exchange.
The decentralization of either of these his
toric metals means an appreciation from the
value of money, q fell in the price of com
modities, diminution of the profits of legiti
mate business, continuing Increase In tho
the channels of trade and industry, where
it no longer yields safe and sure return
and Its idle accumulation in the banks and
the great money centers of the country.
There Is no health or sOundncss In finan
cial system under which boarded dollar 1.
productive of increase to its possessor while
an invested dollar yields a constantly dlmin
ishing return and under which fortunes are
made by the accrctions of idle capital or de
stroyed by persistent fall In the price OF
commodities and a persistent dwindlng IL
the margin OF profits in almost every brancl
OF useful industry. Such a system Is
premium upon sloth and penalty upon In
dustry and such n system is that which tn,
criminal legislation of 1873 has imposed upor
this country.
The bimetallic standard of silver and COLE
has behind it the experience of ages and ha
been tested and approved by the enlightened
and deliberate judgment Of mankind. Tn,
gold standard Is departure from the es
tablisitcd policy of the civilized world, Will
nothing to commend Ii bnt twenty two year
of depression and disa ster to the people an,
extraordinary accumulation Of wealth In tn,
hands of the few.
Believing that 1t is absolutely necessary [,
reverse this Ubiquitous and ruinous policy
we, therefore,
Resolve, That we favor the immedIat,
restoration of silver TO Its former place al
full legal tender. standard money, equal witt