The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-06-15

the chairman sat distinguished as
9emblagc, including not less than a
round dozen senators and as many gov
ernors and ex-governors. with n sprink.
ling of congressman and lesser polite
al lights.
object OF the Convention.
Senator Harris, OF Tennessee, made
q clear-cut statement Of the objects Of
the convention. He said IL was called
10y. the Central Bimetallic league OF
Shelby county, strictly non-partisan
organization composed OF democrats,
republicans and populists. Its
doors were thrown open TO
every American citizen who honest
1y believed in the propricty, the
sadvisability and the necessity of the
rehabilitation OF silver. Their doc
trine is bimetallism. They hold that
= democrat can be present and partici-
pate in its deliberations without
fmpairing his allegiance or fidel-
fty to his own party organiza-
tion. and the same Is true of repub-
licans and populists, whose party
fcalty cannot be impeachcd because of
their open advocacy of free coinage
ave are here concluded the SENATOR
~.as band Of freemen to consider this
nll-absorbing question which now con-
fronts the American people. We are
here to consider the coinage question
sand that question only
Welcomes tho Delegates.
G Col Classy Young extended the usual
greetings to the convention and
saiuted the delegates as the adj
vance guards of mighty army
90 overthrow power moro ruth
less and rapacious and more hurt
full 10 human happiness and prosperity
than any despot that ever shaclfled
liberty and oppressed mankind.
senator Turpic Permanent Chairman.
\ After Col. Young bad finished his
speech which was received with fire.
quont bursts OF applause by the con-
vention, Eenator David Turpie, OF In
diana, was announced as the permanent
chairman. Following is synopsis of
his speech:
senator Turpie began by declaring that
coined money has always been and yet Il IN IT.
self thing OF value and this value Is OF two
lunds - tho metallic or bullion value and
Halter Is always matter OF law--tho bullion
value Is one OF estimation and opinion. he de-
cIArcd that thcrc always had been
aud always would DO . difference between
tho commercial or bullion value OF the two
metals and the legal or coinage value. Ac-
cordlng 70 tho test OF the enemies OF blmetai-
lism that tho legal value Of coined money
must be tho same a. the commercial or
bullion value OF tho metal In IL there Is not
and cannot be m honest dollar, OF either silver
or gold
tuo words much used In THIS discussion
and have experienced similar foftunes. When
n Ia proposed by us 20 restoro silver TO full
collage, parity Is spoken Of as an irwin
chile objection. How has parity been main
stained from i7pAto 1897 by law. In tho same
lsnnnnef.ve shall establish and maintain the
sasnc parity. For this parity by law W. have
voucher; the fact OF more than century's
maintenance. Parity and ratio are handsome
names, elegant synonyms for that hostility
20 silver which is enemies would prefer TO
dissuiso In the vcrnacuIar Of the single gold
standard. ns 10 II spoken to-day, parity means
no more silver. ratio means nothing but gold.
they have put silver under duross We would
mako 10 free 40 before
~1no loss Of our gold. the departure Of our
rold. viii. a. some opponents say. bring about
depression. Yot gold stayed with US from the
beginning In usual quantity and proper
zion until is73 when we ceased coming
silver. From fsgs.until 1873. @hilc silver was
not coined. gold touched low obb. when. In
x676. we began 20 coin silver again, gold re-
turnod IN larger sums than ever and stayed
and increased with us. Since We ceased
enc coming OF silver Ia 1924 during iepf-b
Nosd has left us again. The flight OF gold
has rccommencod Surely this was NOT caused
~ free silver coinage Experience teaches
IA Ia this way the lesson that the
bcst way 20 keep both = 20 coin and nse both
<sn terms OF equality 10 IA certain that we are
largely In debt This debt IL deemed 20 be ib-
exfinRuishablo IN gold However tha,
may bcrt ~ certain that II wlil be very
only.
THE fafth Of tho advocate OF single gold
n&and.rd Il COUPON n1ed a onotcpth and on<
refnlcI oils erfof-~IhN <einoo st4hdafd dol.
isf< should b bf equal legal value a. true
Lut that NE metal Ia them most b 81