Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1895-06-14


that Il has wrought are full OF menace
and poril. The logic Of facts establishes
beyond intelligent question that the de-
structlon OF silver rs primary money by
conspiracy Of selfish interests is the cause
OF tho widespread depression and the suf-
ferng that hogan with the gold standard
There can be no restoration Of prosperity,
no permanent relief from prevailing con
dltions, until the great curse has been re-
moved by complete restoration OF sill
yer to its proper place as q money metal
equal with gold.
The Bimetaliists Belief
We believe in money Of stable value.
We believe loast Of all in an approaching
standard 1t Is only through the practical
| operation Of hlmetallism that stable
standard of value can bo secured A
standard constituted Of money constantly
Increasing in value is not sound, sim
| glo nor a stable standard, but a constant
ly changing standard. The effect OF gold
monometallism Is to establish one stand
ard for the creditor and another for the
dehtor, and thoro can be no more dishon-
est monetary system than that which gives
short measure TO the borrower and long
measure to the lender Under the policy
prevailing prior to lS73 there can be no
violent changes In the relative value OF
the two metals, fer rise In value of one
metal Is o0unteracted by q decreased de-
mand and fall in value by an Increased
demand Under tho operations of this
heneilcent law a stable rotation was main
tained between them IN spite OF the most
extreme changes In relative productions.
From tho earliest period Of our history up
TO 1878 the right OF the debtor to choose
whether he should pay his debts In silver
or gold coin was always recognized. Tho
subsequent policy has been to transfer this
right Go the creditor, thus tonding to con-
Etantly increase the value Of the dearer
metal and destroy the parity between
thom.
Believing that it is absolutely neoes-
sary to reverse the iniquitous and ruinous
policy, we therefore resolves
That wo favor the immediate restora-
| tion, OF silyer to its former place az full
legal tender, standard money, equal with
| gold, and tho free and unlimited coinage
| OF both silver and gold at the ratio of 16
| to and upon terms OF exaot equality.
That whilo we should welcome the CO.
operation of other nations, we believe that
the United States should not wait upon
the pleasure Of foreign governments or the
consent Of foreign creditors, but should
themselves proceed 60 reverse tho grind
Ing procedure that is, destroying the
prosperity Of the poople-and should load
by their example the nations Of the earth
That the rights OF American people,
that tho interests OF American labor and
the prosperity of American Industry have
a higher claim to the consideration OF the
| people lawmakers than tho greed OF for
| eign creditors or the avaricious demands
Of Idle holders Of capital 1.-THE right TO
regulate its own monetary system in the
| interests Of its own people--a right which
/ no free government can barter. soil or sur
render. This reserved right Is part OF
| every bond Of every contract and Of ev-
| cry obligation. No creditor or claimant
can set up a right that can take preco-
donoo over o nations obligations TO pro-
moto tho welfare Of the masses OF its own
people. This is the debt higher and more
binding than all other debts and one
which Is not only dishonest. but treason
able to Ignore.
The Pauper and the Plutocrat.
Under tho financial policy that now
prevails we 500 the land filled with idle
and disoontentod workingmen and an
ever growing army Of tramps-mon whom
lack of work and opportunity have made
outcasts and boggars. AT the other end
we find that few thousand families own
I
Capitalization OF wealth has gone hand in
hand with the spread of poverty. The pau
per and plutoorat are twin children of the
same vicious and unholy system. The
situation Is full OF menace TO the liberties
OF the people and the life Of the republic.
| The issue is onfrnnchisemont or hopeless
servitudo Whatever the power Of money
can do by debauohery and corruption to
maintain its grasp on the lawmaking pow
or will ho done. We therefore appeal to the
plain people Of the peril that confronts
them and defend the citadel Of their liber-
ties with a vigilance that shall neither
slumber nor sleep.
The reading Of the resolutions was fre-
quently interrupted by tumultuous APP
| plause and they wero adopted with hur-
rah without discussion.
The following resolution was also pre-
sented and adopted
= Resolved That committee composed
Of one member from oaoh state be appointed
by the delegates thereof In this oonven-
tion. whose duty it shall be to correspond
with the representatives and advocates OF
himetallism and blmetallic societies In the
different sections Of the Union and devise
measures to advance the cause Of bimet-
nllism throughout the United States.
THAT this committee shall have power
to cause national conference Of blmetal-
lists whenever In the opinion Of the com
mittee the cause OF himetallism can be adj
yanoed thereby Said committee shall have
power 70 Ill all vacancies.