Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1895-05-24
QUANTITY OF METAL MONEY.
Greater Now Than at Any Time in History
The Platform Adopted.

Greater Now Than at Any Time in History
The Platform Adopted.
As to the quantity Of gold and silver used
as money now the secretary said, and
gave authorities therefor, that there is
now more gold and silver in the aggre-
gate and more of each one of them in use
as full legal tender money than ever at
any other time in the history of the
world. The gold in use amounts to S..
va, 900 600, the full legal tender silver to
81, AS, 500 QUO, and the limited legal tender
silver to $4,000. co., The policy of main.
tanning, or rather attempting to maintain,
the socalled double standard never sue.
ceeded in keeping SO large an amount of
full legal tender silver in circulation in
the world as there is at this time. And
in the gold standard countries the stocks
of money are greater per capita than in
the silver standard countries.
The secretary closed with the statement
that what we wanted now was for the
government to go out of the banking
business entirely by the withdrawal of its
arbitrary compulsory issues of notes. and
afford the people an opportunity to sup
ply their own currency based upon their
means and credit, thus enabling every
community to utilize its resources when
necessary, and adjust the circulation FROM
time to time.to the actual demands of le-
gitimate commerce.
A. the conclusion of Secretary Carlisle's
address there was another fs6isy demon
stration. And after speeches by Repre-.
sentative Patterson, of this city, and 9th.
ers adjournment was taken to p m.
When the convention reassembled the
platform committee was ready to report
and the resolutions were read. They in
dorse n uniform and certain standard of
value as necessary to the proper develop.
ment of the country, and the maintenance
of all our money-gold, silver and paper
at parity.
In short on this point the convention
declared that leach dollar shall have
equal debt-paying and purchasing power
with every other dollar" The bi-metallio
standard is declared impossible OF main.
tenance where the legal ratio is different
from the market ratio of the two metals,
and in this connection brief review of
the fluctuations of the two metals from
1872 until now Is given. Real bi-metal-
lism would be an excellent thing, but it is
impracticable. This country should be
always ready to join with other nations
in an effort to secure real bi-metallism
but cannot do it by itself.
1t is proposed that all notes other than
the denomination Of less than SO,
those withdrawn being reissued
in denomination of SO and up.
ward. A change in the banking sys.
TEN so that it shall be more elastic" is
also favored-on the lines proposed by
Secretary Carlisle. The resolutions close
with a commentator of President Cleve.
land in his efforts Ito protect the nation
al honor and to maintain the public
credit during q period Of great financial
distress and under conditions which
threatened danger to both"
The convention concluded its business
by authorizing the appointment of q
committee Of one delegate from each st ate
represented to superintend the distribu.
ton OF proper literature coming under
their control, the chairman of the com.
mittee to be q resident Of Memphis. The
convention then adjourned sine die