The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1895-08-03
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the five years Immediately succeeding
decentralization in 1S73-that is, from
1873 to 1877, when silver was denied
coinage and the single gold standard
was in full sway we exported $685.
900, 600 of gold more than we i'm
ported; while in the seventeen years
from 1873 to 1894 inclusive we i'm
ported about $1,000, 900 more gold
than W. exported.
IL. 1t can be established by official
authority that from 1847 to 1860 this
country alone produced the enormous
sum of s1,486, 900 900 in gold and that
in 1868 we had only S257, O00, 900 left.
Was it driven out by silver coinageP
Certainly not, for during these thirteen
years the number Of silver dollars
coined was comparatively very small.
IL. That bimetallism a be sue
cessfully maintained we confidently
appeal to the financial history of some
of the great nations of Europe. For
nearly a century France maintained
bimetallism, the free coinage of both
silver and gold. In 1894 she had
$751;. 600, 600 in legal tender silver in
circulation and at the same time $685.
600 900 in gold. That is, France had
within $4,000, 900 in gold as much as
both England and Germany combined,
both of the latter being gold standard
countries. Why didn't silver drive gold
out OF France?
Is. Since 1873, with the exception
of abont eleven months of unlimited
silver coinage under the Bland-Allison
act Of 1888, We have had in the United
States no silver coinage, and the single
gold standard in ~undisputed sway
during the whole period. Have silver
decentralization and the gold standard
protected US against the loss by depor-
tation of our goldp They have not.
On the contrary. gold has been boarded
and driven abroad, and to such an
extent that the treasury department
recently was forced not only to raid the
gold reserve, but to issue bonds to
borrow gold from the Rothchilds and
other foreign bankers, and in the midst
of financial difficulties without parallel
in our history. Yet the friends of the
gold standard attempt to alarm the
American people about the loss of our
gold if we return to free silver coinage,
as we had it for the first e~ighty-one
years of our history.
1t IA not be questioned that the
democratic party of Missouri is in the
midst Of great political events, and
that still greater are impending. The
canvass of 1896 approaches, and unless
existing conditions change In Missouri
the genuine friends of true ~bimetallism
will find themselves d~isorganised and
menaced with divisions and defeat.
The democratic friends of free coin
age of both gold and silver are in a large
majority in the state, but of what prac-
tical avail isa large majority without a
plan of campaign and literally without
organizationP
While all this and more is true Of
the friends of free coinage 10 the dem
ocratic party in the state, the advocates
of the single gold standard are mar
shalling their forces, be they few OF
many, for the conflict. BE it, therefore,
resolved.
]. That the executive committee of
this body be authorized TO constitute =
literary bureau to act in cooperation
with a similar bureau, which it is hoped
the democratic state ntion at
Pertle Springs will appoint.
2. That each democratic free silver
editor of the state Is earnestly requested
to actively cooperate with the execu
tive committee Of his county in per-
fecting a thorough organization of the
democratic voters in such measures as
are best calculated to secure harmony
and activity in the canvass, and q full
vote aud victory at the polls.
8. That we will as one man oppose
every effort, no matter from what
source inspired, to commit the demo
cratic party to the republican policy OF
gold monometalllsm, and that we will
in the future, as IN the past, advocate
the doctrine Of bimetallism, by which
we mean the free and unlimited coinage
of both gold and silver on equal term:
and that the old legal ratio of l6 to 1
WILLIAM F. SwITZLER,
S. G. TETwILER,
WILLIAM MCNAMEE,
II. j. GROVES,
7. b. WHITE.
Committee.