Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1895-06-20
MEMPHIS MEETING.
Senator Stewart Addresses the
Friends of Silver.
The RESOLUTIONS THEY ADOPTED.
4 Committee Of One Member from Each
State Was Also Appointed to Call
National Conference Of Bimetal.
lists When Necessary.

MEMPHIS, Tenn, June 14.-At the
second day Of the silver convention
here Senator Stewart, Of Nevada, and
other speakers addressed the delegates
in the morning. Immediately after
the convention was called to order for
the afternoon session Senator j. X.
Jones. us chairman, presented the re-
port of the committee on resolutions,
which lie read as follows:
Silver and gold coin have In all ages consti-
tuted the money Of the world; were the money
Of the fathers OF the republic; the money Of
history and Of the constitution. The universal
experience Of mankind has demonstrated that
the Joint use Of both silver and gold coin as
one money constitutes the most stable stand
ard Of values; that the full amount OF
both metals is necessary as medium
Of exchange The decentralization Of
either OF these historic money met
ais means an appreciation from the
value Of money fall in the prices
Of commodities, a diminution OF the profits
Of legitimate business, continuing increase
In the burden Of debts, withdrawal OF
money from the channels Of trade and in-
dustry, where 1t no longer yields safe and
sure return, and It's idle accumulation In
the banks and In the great money centers
Of the country There Is no health or sound
ness In financial system under which
boarded dollar yields constantly diminishing
return. and under which fortunes are made by
the accretions Of idle capital or destroyed by
n norgiefant fall In thu friaa af mi adf ffaQ
and persistent dwindllng In the margin Of
profits In almost every branch Of useful indus
try. Such system Is premium upon sloth
and o penalty upon industry, and such sys-
tenn 10 that which the criminal legislation Of
1873 has imposed upon this country.
The bimetallists' standard Of silver and gold
has behind II the experience Of ages, and has
been tested and approved by the enlightened
and deliberate judgment Of mankind. The
gold standard is departure from the estab-
lished policy Of the civilized world with moth
Ing to commend 1t but twenty-five years Of
depression and disaster to the people and ex-
traordinary accumulation Of wealth In the
hands Of the few.
There are some facts bearing upon this Ques-
tion recognized and admitted by all candid
nen, whether advocates Of bimetalism or Of
tbs single gold standard Among these is the
fact that the very year that marked the change
from the bimetallic to the single gold standard
is the very year that marked the change from
condition Of rising prices, large profits, gen.
eral contentment and great prosperity, to q
condition Of an increased demand, falling
prices, diminishing profits, insecurity Of In
vesments, unemployed labor and heavy de-
pre- on In all branches Of trade and industry
II .s not matter Of dispute, even among the
honest advocates Of the gold standard, that
general prosperity came 10 an end with the
destruction Of the bimetaIlie system and that
hard times, falling prices, idle workingmen
and widespread depression came in with the