Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1895-05-09


right to hold Office in this country un-
less he bows to the head Of the admin
istration. twas nonsense, continued
the speaker, to attempt to read out of
the party men who differed with him
in opinion. Eckels was perfectly harm
less. Free silver men need not fear him.
There is no such thing as an honest dollar,
said Mr.. Bryan. There Is no stable standard
OF value. The best we can do Is to find
metal which will come as near to this as pos
sible. The reason call a gold dollar dis
honest dollar, and the organization that advo-
Gates such dollar dishonest money league,
is because gold dollar, II there were no other.
would constantly increase In value, making the
debtor poorer and the creditor richer all the
time. Even il we desired q single gold stand
ard, there isn't enough gold in the world to
make all the money!"
The platform declaring in favor of
the free and unlimited coinage Of sill
yer at 16 to and against an interna-
tional agreement was then adopted,
with but few votes recorded against it.
The conven ton selected its delegates
and adjourned.
CHICAGO, May THE Waubansee
club gave banquet Saturday night at
the Auditorium hotel for the purpose
of protesting against the free
coinage of silver and voicing
the sentiments of that element
of the parties. About 200 friends
and guests were in attendance
and after an hours attention to the
talk on finance by Hon. Richard W.
Knott, of the Louisville Evening Post,
and Hon. John NJ. Palmer Mr.. Knots
address was on Commerce and Cur
rency," and in part he said:
mo nation whose record is tainted by repu-
diation can contest the commercial supremacy
OF a people who keep unbroken and undeviat-
ing faith with public and private creditors.
The free coinage Of silver. uader the present
legal tender laws is an attempted reputation
OF one-half OF our debts public and private.
By such an act We surrender our position
among first-class nations and place the
United States on commercial level with
Mexico and China. Since 1884 gold has
been the LASTS Of our currency. Since
1873 the gold dollar has been the
expressed or implied In every contract. lis
r--r-----.v- ..-~-a~>-~aea..tlutsy regal ten
der act and debased currency act to author
lie the payment OF every debt at half its face
value
United States Senator John NJ Pal
mer received a hearty welcome as he
arose to Democracy and Money" His
utterance was a reputation of Satur-
days democratic convention which de-
clared for the free coinage of silver.
Among other things he said:
is the democratic party worth maintaining:
Can We afford to follow the mere name when
1t has been seized by men who will do q
grievous public wrong. We who feel that this
is dishonest cannot bear the name of demo-
crat They would try to make us the mere
tail Of the populist party. will not stand it.
and trust there are those here will not stand
the attempt to steal the name OF the party. 3,
The senator then pictured the ills
that would befall the nation were free
coinage to become a law ana declared
that everything political, social,
financial and private would be
thrown into convulsion, the extent
Of. which could not be even
dreamed. The consequences of adopting
the lower ratio Of values would be that
gold would not maintain its parity,
and q loss would accrue to the people
as the government would not be obli-.
gated to maintain the parity. The ex-5
penses of the government have always
been predicated upon gold and any
change would work Understandable chaos
LEBANON, Mo-, May 7.-Congressman
r. T. Bland, speaking for publication,
said:
The people intend to make the silver ques-
ton the paramount Issue OF 1895 That is too.
apparent to be denied or evaded. Definite dec
laration will be required from all political par
ties. The party that first takes the field for
silver restoration will gather to its support
the silver forces, and these forces are now
aroused, and no doubt will grow stronger and
stronger until everything is swept before It,
hence the necessity of the dem ocratic party
taking an early stand for silver. Let our.
state committee call u convention as soon
as possible, so that the masses of the demo-
cratic purity can be herd on this question.
What we want is free coinage OF the standard
silver dollar. The ratio is already settled We
have ratio established by law ut which
We have coined $42..OOOO0). We have
now more silver than gold in this
country. The ratio cannot therefore be
changed What is wanted is open mines be-'
fore any talk OF changing ratios Coin silver
freely into standard silver dollars. The ratio
is now fixed by legal enactment. Some people
seem to think that we have no ratio but we
is an attempt to force an issue that ls now
settled"
MACON, Ca, May 2. Secretary Hoke
Smith, of the interior department., in.
an interview Tuesday, said that for
our government, unaided, unlimited
coinage Of silver at the ratio Of is
to / at the present state of the
market simply meant silver monomet-
allism. He could see no benefit in tn
proposed change, and more especially
to those who worked for wages, be-
cause they were always the. last to be
recognized in increased wages under
the use of deprecated money.
Comptroller Eckels. 6
DETROIT, Mich, May At a banquet
in this city to celebrate the dedication
of Detroit's chamber OF commerce
Comptroller Eckels responding to
toast, spoke to the currency question.
He said that. the con tention which is
now made by the single silver stand
ard adherents reduced to its last analy-
sis is silver fatism, pure and simple.
1t differs, he says in degree only, an
not in principle, from the contention
of twenty years ago Of the advocates Of
the unlimited issue of irredeemables
greenbacks, and from that Of the issue
Of the fat currency Of the period Of
the continental congress and the era
of colonialism.
s is the theory he continned, of
the socialist and populist applied to
monetary science. tits based apon the
belief in what has been aptly termed
the all powerfulnes Of the state and
is nsutter disregard Of that great fact
in financial history tkat mediums Of
exchange and standards Of value did
not find their origin il law, but were