Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1895-06-22
SILVER ADVOCATES.
The Memphis Conference Favors
the White Metal.
Notable Speakers Present Who Give Thcir
Views ON the Currency Question
The Resolutions Looking to
National Convention.
The silver Convention.

MEMPHIS, Tenn, June l3.-Friends
Of silver representing twenty states OF
the south and west began two days
convention In this city yesterday. On
the stage, besides the officers Of the
Central Timetable league of Memphis,
under whose auspices the gathering
was held, were, with very few ex.
ceptions, all the leading advocates Of
the free coinage Of silver In the
United States. A permanent or
ganization was effected with Sem
ator Turpic, OF Indiana, as chair
man, and addresses were delivered by
that gentleman and Alexander Delmar,
of California, In the afternoon, and by
Congressman Sibley, of Pennsylvania,
c. s. Thomas, of Denver. and Arson
Wulcott, of Indiana, In the evening.
Resolutions Adopted.
MEMrHIs, Tenn, June li.-At the
second day of the silver convention
here Senator Stewart, of Nevada. and
other speakers addressed the delegates
in the morning. Following are the
resolutions adopted:
tuted the money OF the world: were the money
Of the fathers Of the republic; tho money OF
history and OF the constitution Tho universal
experience Of mankind has demonstrated that
the joint use Of both silver and gold coin rs
one money constitutes the most stable stand
ard OF values: that the full amount OF
both metals Is necessary Us medium
OF exchange The characterization OF
either OF these historic money met
ais means IN appreciation from the
value Of money. fall In the prices
OF commodities. q dminution OF the profits
Of legitimate business, continuing increase
IN the burden OF debts. q withdrawal Of
money from the channels Of trade and In
dustry, where It no longer yields safe and
sure return. and Its Idle accumulation In
the banks and In the great money centers
of the country. There Is no health or sound
ness In q financial system under which o
bearded dollar yields constantly diminishing
return, and under which fortunes are nadc by
the accretlons OF idle capital or destroyed by
u persistent fall In the price OF commodities.
and q persistent dwindllng In the margin Of
profits in almost every branch OF useful indus
try.
The bimetallists' standard Of silver and gold
has behind II the experience Of ages, and has
been tested and approved b. the enlightened
and deliberate Judgment OF mankind. The
gold standard Is departure from the estab-
lished policy OF the civilized world with moth
ing 10 commend II but twenty-five years OF
depression and disaster TO the people and ex-
traord!nury accumulation OF wealth In the
hands OF the few.
There are some facts bearing upon this qucs-
ton recognized and admitted by oil candid
men, whether advocates Of bimetallism or Of
the single gold standard Among these Is the
fact that the very year that marked the change
from the bmetallic 10 the single gold standard
4. the very year that marked the change from
condition OF rising prices. large profits. gen.
eral contentment and great prosperity, TO u
condition OF an Increased demand. falling
prices. diminishing profits, insecurity OF In
vestments, unemployed labor and heavy de-
preston In all branches Of trade and industry.
II IL not matter OF dispute, even among the
honest advocates OF the gold standard, that
general prosperity came TO an end with the
destruction Of the bmetallic system and that
hard times. falling prices. idle workingmen
and widespread depression came In with the
gold standard and prevails to-day wherever the
gold standard has been adopted. Every inter-
national monetary conference called every
demand In this country and In Europe for
TN international agreement 10 re-cstablish the
b.metailic STANDARD IL u confession TINT the
decentralization Of silver was blunder. II not
u
trous and that the conditions that II has
wrought are full OF menace and Of peril The
logic Of facts establishes beyond in
telligent question that the destruction |
OF silver Us primary money by con-
sp!racy OF selfish interests Is the cause
Of the widespread depression and suffering
that began with the gold standard. There can
be no restoration Of prosperity, no permanent
relief from prevailing conditions until the
great cause has been removed by complete
OF silver TO Its proper place us o |
money metal equal with gold
We believe In u money OF stable value. We |
believe. least Of all In an apprccisting stand |
ard. II Il only through the practical operation |
OF blmctallism that stable standard OF value |
can be securci !. A standard constituted OF |
money constantly increasing the value Is not |
sound, single, nor stable standard. but o |
constantly changing standard The effect Of
gold monometallism Is TO establish one stand |
ard for the creditor ind another for the debtor |
and there caa be no more dishonest monetary |
system than that which gives short measure
TO the borrower aud long measure to the |
lender.
Under the policy prevailing prior 10 1873 |
there can be no violent change In the relative |
value Of the two metals for u rise In value OF |
one metal Is counteractei By decreased de- |
innnd and "a fall Ia value. Uader the opera |
tons Of this beneicent law n stable relation |
WIS maintained between them In spite OF the |
most extreme changes Ia relative pro- |
ductions. From the earliest period OF
our history up TO 1873 the right OF |
the debtor TO choose whether he should pay his |
debts In silver or gold coin was always recog-
n!zed. The subsequent policy has been to
transfer this right 70 the creditor, thus tend |
ing 70 constantly increase the value Of the |
dearer metal and destroy the parity between
them Believing that It Is absolutely ncces-
sary 10 reverse this Ubiquitous and ruinous
policy we. therefore. resolve:
That we favor the immediate restoration Of
silver to It's former place us full legal tender.
standard money, equal with gold. and the free
and unlimited coinage OF both silver and gold |
ut the ratio OF 10 10 I, and upon terms OF exact |
equality; that while we should welcome the
cooperation OF other nations, We believe that
the United States should not wait upon the |
pleasure Of foreign governments. or the con-
sent OF foreign creditors. but should them
selves proceed 70 reverse the grinding pro-
cess" that Is destroying the prosperity Of the
people. and should lead By their own example
the nations OF the earth
That the rights OF the American people. the
interests OF American labor and the prosperity
OF American industry have higher claim 10
the consideration Of the peoples lawmakers
than the greed OF foreign creditors, or the
nvarlcious demands made by idle holders OF
idle capital" The right TO regulate its own
monetary system In the interests OF Its own
people Is right which no free government
can barter. sell or surrender.
Under the financial policy that now prevails
we see the land nlled with idle and discon-
tented wosEingmen and an ever growing
LrIny OF tramps; men whom lack Of work |
ard opportunity have made outcasts and
begrurS Al the other end We ind that
. few thous ind families own one-half
the wealth OF the country.
We therefore appeal 70 the plain people Of |
the and with perfect confidence IN their patri-
otism and intelligence, 20 arouse themselves
20 q full sense OF the peril that conffonts them
and defend the citadel OF their liberties with |
, vigilance that shall neither siumber nor
sleep
A resolution was afterwards adopted
committee Of one MEM
Der from each state 70 call national
conference of bimetallists whenever
&Aot- <~.fulr~. ~ ~ h1v.nAnv.