The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-07-31
FORMED.
Duluth Gold and Silver Club
Formally Organized Mon
day.
ITS PURPOSE is TO DISCUSS AND
PROMULGATE TRUTHS OF
BIMETALLISM.
The Declaration of Principles
Which Members are Asked
to Sign.

The first gun in the campaign for
bimetallism was fired Monday at
the chamber Of commerce, when the
Duluth Gold and Silver club was
formally organized. The meeting was
called to order at o'clock by o. w.
Baldwin, who placed D. G. Cash in
nomination for temporary chairman.
There were no other nominations, Mr..
Cash was declared the unanimous
choice Of the meeting. George r.
Laybourn was then unanimously elec-
ted temporary secretary.
The chair then appointed commit
tee on constitution and bylaws, con-
sisting Of John r. Carey, S. D. Allen
and 0. w. Baldwin.
While the committee was preparing
its report Mr.. Cash was called upon
to address the meeting. After dis
cussing the purpose of the meeting,
and the reasons for the organization
Of the club, Mr.. Cash urged those
present to be awake to the necessities
Of the hour, and concluded by saying
that he believed that the question of
a monetary system was simple one,
the solution of which the people
would find in bmetallism, and which
solu tion will rebound to the benefit Of
all mankind.
At the conclusion of the chairman's
speech. the committee appointed by
the chair presented draft of the
constitu tion, which provides in part
as follows:
THE CONSTITUTION.
'The name Of this organization
shall be The Gold and Silver club Of
Duluth, and it's object shall be to dis
cuss and prOmulgate the principles
and truths Of bimetallism as the true
monetary policy OF the United States,
as put in practice by the founders Of
the constitution, and approved by
nearly century Of national expert.
ence, to the end that silver shall ba
| restored by law to an equal privilege
with gold at the mints Of this cOun.
| try, and that both metals shall be
treated alike and made money OF re-
| demption with full debt paying pow
er."
The constitution also provides that
there shall be no initiation fee or
dues, except for the necessary expen-
oCS VI UIIC ClUitI endU UuC CluU SIldll UC~
non-partisan, and that no ques tion
| except those bearing upon the restor-
ing Of silver to the place it occupied
| before 1873 shall be debated at it's
meetings."
The officers provided for are presi-
dent, eight vice presidents-one from
each ward in the city-and an execu-
tive committee, composed of the
| president, the secretary and treas
| urer, ex-of1icio, and five others to be
| appointed by the presidnt. It is fur
ther provided that regular monthly
| meetings to be held the first Wednes-
day in August Of each year.
RATIO NOT FIXED.
The question Of establishing a ratio
| was left out Of the constitution for
| the purpose Of discussion at the regu-
| lar meetings Of the club, as there ap-
peared to be considerable difference
| in opinion on that point. The re-
| port, after the dates for holding
| meetings was decided upon, was
| unanimously adopted.
w. H. Smallwood moved that a COM
| mittee on permanent organization be
| appointed by the chair, said commit
| tee to place in nomination the names
of persons for the various Offices. This
| was carried, and Mr.. Cash will name
| the committee.
Judge S. FL. Moer then addressed the
| meeting, advocating bimetallism.
| Among other things Judge Moer said
| that the only reason he could see why
| q man should advocate gold monomet-
| allism was because he was as ignorant
on the subject as a mule. Judge MOer'S
reference to himself and how he be-
| came bimetallst brought out much
10. nf
Several Others followed Judge Moer
with short talks and at 10 o'clock an
| adjournment was taken until the first
| annual meeting, to be held at the City
| Hall the first Wednesday in August.
The club has member hip Of about
| 500, and every voter is earnestly re-
quested to become member. All
| that is required Of him is to sign the
declaration of principles, which is as
| follows:
DECLARATION OF PRINCIPLES.
"We, the following subscribers, do
| hereby form ourselves into an organi-
| zation to be known as THE Gold and
Silver club Of Duluth, for the purpose
Of discussing and disseminating the
doctrines of bimetallism as involved
in the following proposition, to which
we declare our adherence:
| lTSD. UdU GuC SluSlc kOlu SGduU-
| ard is and has been since it's adoption
| by the principal commercial nations
an appreciating standard, whose unit
| has rapidly increased in general pur-
| chasing power, and must, il undis-
| turbed, continue SO to increase; that
| this appreciation is evidenced by q
| progressive fall in prices Of all commo-
| dities throughout the gold standard
world. not accounted for by dimin-
ished cost of productions; that its in
| evitable result is to augment the bur-
| den Of all debts, to discourage invest
ment and enterprise, and to under
mine the productive forces Of the
| country.
Second. That the great decline in
the market price Of silver bullion
since 1878 has been caused by legislat-
ing the money functions OF that
metal
"Third. That, Notwithstanding
other possible and needed reforms ia
the fiscal and currency systems OF the
United States, no enduring social hap
piness and national progress can be
ours until both gold and silver are
| treated alike in our monetary system,
and the two metals form together the
one standard money Of ultimate 70
demntiOn