The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1895-08-21

dence over nations obligations to promote
the welfare Of the masses of its people. This
is debt higher and more binding than all
other debts and one that 1t is not only dishon-
est but reasonable to ignore.
1.-The land and its products are the basis Of
all developments and prosperity. The pro-
ductive capacity Of a country must be the
basis of its credit In opposing the policy Of
contraction, which must inevitably depreci-
ate the values OF land and its products, we are
the supporters of property rights and sound
credit and stand between the homes and
estates of the people and the red flag Of the
auctioneer.
"The policy of gold recommendation has been
characterized by repeated and disastrous
financial panics. The farmers have found
their prosperity and independence constantly
waning under its blighting influences"
manufacturers are interested to oppose It,
for they find the price of sale falling below the
cost of production. Merchants should OPP
pose It, for with the falling prices they are
often compelled to sell for less than they
paid for manufactured goods. Neither manu-
facturer nor merchant can prosper unless the
mass of consumers realize such prices for
their products and labor and supply themselves
literally with the necessities and Injuries of
life, nor can the wage Garner prosper, for
under depressed conditions there is less and
less competition for his labor.
Traditional Friend of Bimetallism.
"The democratic party is the traditional
friend and champion of bimetallism. It's
strength and power and popularity has been
largely built upon its steadfast opposition to
the characterization of silver and its
record Of unwearied effort to restore it
to its historic place money metal equal
with gold The effort at this late day to make
it par excellence the champion of gold mono
metallism. the enemy of the policy it has up
held. and the defender Of the chino
it has denounced, is an effort to dishonor
it's record, its promises and it's principles.
The moment the democratic party is forced
into this position it heaps obloquy on its own
past and crowns its great adversary with
glory and honor. NJ.
DUTY to the people requires that the party
of the people continue the battle for bimetal-
liSm until the efforts crowned with sue
cess therefore, be it
Resolved, That the democratic party in ma
tional convention assem- bled should demand
the free and unlimited coinage of silver and
gold into primary or redemption money at the
ratio of 16 to without waiting for the action
or approval Of any other nation.
Resolved, That it should declare its ire
vocable opposition to the substitution for a
metallic money of panic breeding corpora
tion credit currency, based on single metal
the supply Of which is so limited that ii can
be cornered at any time by few banking in
situations in Europe and America
Resolved That it should declare its cppo-
sition to the policy and practice Of surrender
ing to the holders of the obligations OF the
United States the option reserved by the law
to the government of redeeming such obiga-
lions in either silver coin or gold coin
"Resolve ed That it should declare it's OPPOSE
ton to the issuing Of interest bearing bonds 1u
the United States in time Of peace, and espe-
cially to placing the treasury Of the govern
ment under the control of any syndicat, Of
y, ,,,1vo = y ~ hn cold
by them at an enormous profit for the PURPOSE
of supplying the federal treasury with GOLD to
maintain the policy of gold monometallism
with view to securing the adherence 70
re-adoption of the dem ocratic financial policy
above set forth by the democratic national
convention to be assembled in 1896 and OF the
nomination of candidate for the presi-
dency. we'll known to be in hearty
sympathy Herewith, we hereby pledge our
mutual cooperation, and urgently recommend
to democratic brethren in all the states to at
once begin and vigorously AID systematically
prosecute the work Of thorough organiza-
ton, and to this end the adoption of the plan
of organization herewith submitted is recon-
mended."
Mr.. Hill, of Missouri, moved the
adoption of the address and resolu-
tions, which were agreed to by unan-
imous vote.
ran OF reorganization.
The plan of organization recon
mended by the committee was outlined
to the conference as follows:
Believing that large maJoritv of the DEM
ocratic voters of the United States are in har-
mony with the sent ments expressed In the
foregoing address and knowing that a full and
free expression of their views can only be as
certained and made effective through proper
organization. recommend following
plan of organization:
"FirSt-There shall be a national committee
of democrats who are in favor of both gold and
silver as the money of the constitution, which
shall be composed of one democrat from each
state and the executive committee herein
after provided for.
"Second-That until otherwise ordered by
the national committee, Senators Harris, Of
Tennessee: Jones. of Arkansas: Turpie of In
DIANA and Hon. W. j. Stone, of Missouri, and
Hon. W. H. Hinrichsen, Of Illinois, be and are
hereby constituted the executive committee
ana shall have full power and authority and it
shall be their duty at as early day as posi-
BILE to appoint the members Of the national
committee herein provided for and to fill va
cancies in the same.
'Third-That said executive committee shall
have full control and direction Of the patriotic
effort of the bimetallic democrats of the nation
to secure in the next democratic convention
the maintenance of the time-honored princi-
plies and policies Of the democratic party"
After adopting the address and reso-
lutions, and the plan of reorganization,
the silver conference at 12:45 p. m. adj
journed sine die.
Commercial Lawyers.
DETROIT, Mich, Aug. 17.-As an out
come of the convention of commercial