The diamond drill., 1895-08-24

Result OF Their Conference at Washington
~-Text of an Address and Series OF
Resolutions Adopted - Work
of Organization.

w NArHiNtIorf aug t'- W tttAttt "
dissenting voice the delegates 70 the
silver conference on Thursday adopted
free coinage resolutions. appointed
provisional committee TO perfect
national organization. made speeches
anything but complimentary Of the
administration and adjourned sine die.
The Address.
The main portion Of the address fol-
lows:
After explaining the call for the conference
and declaring that IL was purely voluntary
nssemblace aud therefore does not speak with
party authority II proceeds as follows;
sProfoundly conscious that the democratic
party to-day confronts crisis the most
momcntous In It's history and fraught
with far-renching peril TO the people and
the country. are assembled ns individual
democrats 10 take counsel together and for
the undisguiscd purpose of inangurating and
promoting thorough and systematic organi-
xation OF the democratic masses so that they
may 60 forward one man with resolute
purpose 20 rescue the old party. founded by
Thomas Jefferson from plutocratic domina-
tion.
"Thercfore, with this object in view this
convention OF American democrats, composed
OF representatives from twenty-five OF the
Leading states OF the union. make the following
declaration on the monetary question which
has been forced into tho leading place among
the issues Of to-day The federal ccnstl-
sutton names silver and gold together as the
anoney mctal OF the United States The first
coinage law passed by congress unuer the con-
stltution made tho silver dollar the unit OF
value and admitted gold 70 free coinage az
ratio measured by the silver dollar unit
"From the beginning OF the government. fol-
Towing policy formulated BY Thomas Jefier-
Eon and firmly established by Jackson. the
democratic party has been the party OF bimet-
nllism fayoring tho free coinage Of both silver
and gold NJ the national mints and opposed 10
farming out TO banking corporations the
governments sovereign power OF issuing and
controlling the money OF the people
Act OF 1873.
The act Of 1873 demonetlzing silver was
enrreptitlously passed without the approval
or knowledge OF the American people, und
from the time when the effect OF this net In
fastening upon this country the single gold
standard was understood the democratic
party has consistently and persiStently
urged that the grievous wrong be righted
Failure 90 accomplish this object has re-
suited In tho stendy appreciation OF gold and
corresponding fall In tho price ofcommoditles OF
produced by the people. heavy increaseintho
burden OF all debts. public and private; .the
enrichment OF the money-iending class;
paralysis Of industry and the imporerlshment
OF tho people and unexampled distress In all
gold standard countries Experience has
shown that while under the single gold stand
ard there may bo an occasional revival OF
business activity accompanied by enhanced
prices OF limited number OF commodities,
such revival is due TO artificial and temporary
causes ana cannot permanently alleviate the
suncrings duo TO the falling OF prices brought
about by tho appreciation OF gold and the In
adequate supply OF primary or redemption
money.
"1he rights OF the American people, the In
forests OF American labor and the prosperity
~ Ind "A T. "A IA IN
shc consideration OF the peoples lawmakers
than the grced Of foreign creditors or tho
savariclous demands made BY Idle holders OF
IDLE capital
An InaIicnnble Right.
.'The right TO regulate its own monetary
Hystem In tho interest OF its own people Is a
right which no free government can barter,
sell or surrender This reserved right is a
part OF every bond. OF every contract
and OF every obligation. No creditor or
claimant can set up right that can take prece-
.dence over nations obligations to promote
the welfare OF the masses OF its people. This
IN debt higher and more binding than all
other debts and one that IL is not only dishon-
est but reasonable TO ignore.
The land and its products IRE the basis OF
all developments and prosperity. The pro-
ductlvo capacity OF country must be the
basis OF It's credit In opposing the policy OF
contraction. which must inevitably dcprcci-
ate the values OF land and its products, we arc
the supporters OF property rights and sound
credit aud stand between the homes and
estates OF the people and the red Tag or the
auctioneer
Tho policy OF gold monomet etallism has been
characterized by repeated and disastrous
financial panlcs The farmers have found
their prosperity and independence constantly
waning under It's blghtlnR influences"
Manufacturers are Interested 10 oppose Il,
Tor they Ind the price OF sale falling below the
cost or production Merchants should OPP
pose II. for with the falling prices they are
often compelled 20 sell for less than they
paid for manufactured goods. Neither manu-
facturer nor merchant can prosper unless the
mass OF consumers realize such prices for
their products and labor and supply themselves
literally with tho necessities and luxuries OF
life. nor can the wage Garner prosper, for
under depressed conditions there is less and
less compc ition for his labor.
Traditional Friend OF BimctallIsm.
The cemocratlc party is the traditional
1rlend and champion OF blmetnllsm. It's
strength and power and popularity has been
largely built upon its stcndfast opposition 10
the dcmonetzAtion OF silver and is
20 its historic place Us q money metal equal
with gold. Tho effort at this late dag TO make
81 par excellence the champion OF gold mono
qnetuIltsm, the enemy OF the policy n has up-
held. and the defender OF the crime
10 has denounced, is an. effort 20 diehono-
It's record. It's promises and It's principles.
Tho moment tho democratic party Is forced
into tins position Il heaps obloquy on rs own
past aud crowns It's great adversary with
glory and honor
DUTY to the people requires that the party
OF the people continue tho battle for blmetal-
lism until the efforts are crowned with sue
cess. therefore. be Il
Resolved. That tho democratic party IN ma
tionai convention assem- Dled should demand
the free and unlimited coinage of silver and
gold into primary or redemption money az the
ratio Of 10 TO without waiting for the action
or approval OF any other nation.
Resolved. That Il should declare its ire
vocahlo opposition ito the substitution for
metallic money OF panc-brccding corpora
tion credit currency. based on single metal.
the supply OF which Is 40 limited that Il can
tc corncrod 40 any time by few banking In
stitutions IN Europe and America
Resolved. That IL should declare its oppo-
tiiion 20 tho policy and practice OF surrender
Ing 70 the holders Of tho obligations OF the
United sites the option reserved by the law
tnfFr rntrfunnuE III rfIofu no such oDIIll~