New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-29
ALL FOR HONEST MONEY.
a GREAT ANTI-F'REE SILVER MEETING IN
PHILADELPHIA.
REPUBLICANS AND DEMOCRATS UNITED IN THEIR
OPPOSITION TO A DEPRECATED 'uRRhNNi
SPEECHES BY EX-SENATOR Ed
MUNDs. WILLIAM l.. TREN-

MUNDs WILLIAM l.. TREN-
HOLM AND OTHERS
Philadelphia. May 2s-The opening gun Of the
campaign in the East against free silver was
fired this evening a a great meeting IN The Acad-
.fny OF Music held under the auspices OF the
leading business and professional men OF Phila-
delphia. Party lines were obliicrated' ana
Democrats and Republicans testified by ther
presence To their opposition to iree com
age The speakers were ex-Unted states
Senator George F. Edmunds ot Vermont
william l. Trenholm Of New-York. who
was Controller OF the Currency during MI
Cleveland's first administration; ex-Consr'ss-
man Michael -. lIarter, Of Ohio, ana eX-MinisteT
T., Russia Charles Emory Smith. George b. Rob
.rts president Of tho Pennsylvania Railroad
COMPANY. was made chairman of The meeting
Mr. Edrnundss speech was a clear, straight
forward argument in favor Of "A gold standard.
The isis of his argument against silver was It's
chanyeab bl. value I'm the markets Of the world as
o,nosed io The more fixed and steady value of
gold He said in part;
The question must be decided By po',ticI aeon,
| 10 not mean by party arton' D.t VI, po'me"' ne,,
action that the Romans tri'I -, f,rs,;;,
man wa. for th- STATE. What lh"Inf- J,l lsuh
s"a' =" a., f p.,lrnm.nf consists IN beng honest
'his question ot a silver dollar engaged the atirn-
fiDr Of
ver and goll VAS Lurei> com!el & VIZ ~, ', r M
stand about SOLD. silver. cppi"t IRON; "n', ''.' al
coal a. commodltos. siNor ant H"Il "''r h ,,h"m
,hc, v.re acarce~ and l.~s ikclY - Dee "n"rt"i hy
ro ,r,ur,fou jefferson said the .atp OF ihc TWO
i li In,, ,hoir commerca. value IN all
,r, 80, men ~ th,t las were r!ghl in saying
,hn, t5r ratio between the two metals depended
,lme ri.' nov Tri,h never change.
fnf hers
dollar was worth one-tenth Of "A roli .ht,e h1, ~
"alY took our fathers few years 20 f,nd yHt tha'
IN. two metals w'ro drawing apart dnI 7"' k.y
ing i"ss valuArl" tn propprtDA 10 S''. y',,,c.
%, silver dollars hrcausc silver "AS D'lnb t'N'n
ont of M country; 49, IL wa nor ,rsi"m lastsi
fr,n, isli ouiil iVI Even ropper ~ abundan, a. u
w. s so s"@nSa asnpcea i', to hang r the
copper in me penny to prevent an 81
,n,an Hsm M, ,'''F fr.end' ,on can'' by me WI
S1, m. A. n"rth more than i;S nercal value In
th~ makets % n. world 'h9nsh III sa mon Y"n
an make the .."btor take II then as l"ga i'n'"''
though :, is only worth Us CONNER 'la' sHiu' .
crl Down In ~ iacre wcr. co.n-i 10 ihis country
soDg-s silver dollars think cin sA.rt ~, ~,
s,a ,esi '.' s'n Is oae 0' o, 6, % @ or wen b; 10
rey had h-com" rnr" Ih'5 n't l s'l" ," se .l,sr
r thon va NOR. valuable fHln To l"sal trnI'T,
Men NAY ain"r npon IN" li"-',, -" q" ~ mon
ani I, the United STATE has ne money r"pr's,.ts
me me sr q, ~ w.. Ia-c To-, principal commercnl
counir'-, % FGrOp" ~" coming 20 tn' -ihE,r
.tsrinri Gfeat britain adopted 're god STANDARD;
Win the result that ~h" Drcan" sifonE'F an an
great ccnfr~ and mistress ~ TIE cninmrIch N''u'-
=, ,ss ", IN \ ,nS.oa an NJ eo,o grower o,
south know that th' Na.ie oi tk't 'Pn,'hoi...es
T,l,,'e otiSln.l her commercial supremacy 10y pur
.,,na a st~adfast financial va.ue bot 4 DOL Ar
should be- A. good tomorrow as T. is to-day or VII
. rsNf
The .l,ef mon say silver fcu IN value bccag,c
,hr -t.,s,ic- show that silver comm'ncei TO fg be-,
f,f~ the pa'sAR~ ~ th" act ny 'Vinii"n or an.
lif 10, fa any fastor afier"arl u = lnposa,b."
,,f IN. will even OF whole nation. - make any
fhirr worth ary moro thar T. lf worth. ana. ~
Jefferson said 49, Ngrin depends npon Ns 'o"i''''
How is it that NOR" man i'''.,' ~ 'h,-r S@nnim @
taken hs %" people II is n"cattr The Govern.
m"n Ia kept The 'uc %, tn'r i"''a's UP ,1 i2r az al
god And that l. what has COMPELLED ihis Al
to borrow mone, TO keep this soi standard up
Nir Trenholm VAS ne next speaker. "" said
Tier, is no need 20 'NAgg'raic the crisis that Is
"" ,. s S srHy,r o, hc i,uaion and apprccatc the
abFr A rlsht solution II the free silver coinage
To Iay two furlamcntal IDEAS are struggling, for
supremacy IN controlling ne fltnre lssi.n.cs = al
our Industrial AMI commercial Interest," For prey
hys sate M ne cau tnrn me s9i iIsf & an ani ni ,nr
respective advocates % b" irf"r' 'ilbI~ WIN "n'h
ot tl.r H.
Thcs. Two IDEAS are conirniing rtch Tor exclusive
ep,o, vi oblIr,t,n~ nr of publc policy witch
are ineviricabl' bound up with "ur monetary SNs-
is the rue one must b~ reached by reasoning prcii
Gated u,on facts and euilel 10y logic, the decision
to which shall b" adopt"l rcSis WIN tne p'op"
Tho issue now confronting - has become serious
only because th" twp grcn' poit'nI parties nav
",hsr cour,.d The support II ho-~ who entertained
~, .,,..,.i - .Y.o-t,in m. idea thar the coinage
..fN llf 10
%n. no,l,,c", "uasons shoui be subordna,ed
ago. what f. now will be stated later Tn" Ee..,
Iiee was planted in our laws by me as' - dn lSa
the un!i u our coinage system iHl7 W..
w''ey Tpon his law alone rest. -ii that il soll
and prosuecvcly permanent IN our 'ntire alon,,",f al
system The principle Of definite and nnchang,
nhe monetary unit guided us to ultimate SAFETY ~
all ycisstudes - business and all the commerce..
and financial panics that have sw'p' OVER ''
This law and ts faithful ob'eryance In .2rt
ton have aeaurel to people hxed values toI
@ Dd o T ya M al Se rangs rS do % no"
hesitate to declare II a. my firm belief that II ~"
so soe @ ' d iF the soil Of our &aonal nnonces
should to-day have been FAR more prosperous
and far more wealthy than We arc
In is7s The Allison Bland act sowcd silver tares
among our gold wheat. and from that ilme 20 ms
,n r.i,,rn any,hine usofu or vauabl" r. the sil,
yer producf Of this country had been left to take
IT. place among our exports Ike grain. meat or
cotton. its entire annual vain" would have been
re ,lzed N gold iis equivalent, ana upon Europe
and Asia would have been d"vovdl. years ago. the
responsibility OF protecting the value and the future
function Of the worlds stock ~ silver
| believe II 70 be denonstrdblc that n the
United States had never purchased any silver.
The bullion product Of our silver mines from 1855
to-day you'd hav' been greater than II has
bccn and that this greatest product would
have been sold at higher average prices. Their"
is time to argu" this point but let mo
point out that the rsc In the price Of silver
bullion and III" very significant manifestations In
Europe 81 interest in aspects OF the silver
question heretofore treated with indifference
seem be results. first OF the repeating of the
Sherman silver Purchase law. and. finally, of the
unma,akable demonstration Of the ability and de-
termination OF the present Administration to hold
the country gold basis
The silver idea. first planted In our laws in
1873. has since been growing among the people
Sometimes. by pIshng its roots under the sur
OF politics and business. sometimes by spread
ing L. hIanchrs In Congress. State Legislatures