Mexico weekly ledger., 1895-05-16

NI~ ~" iAhS uhe 90 - o.
tended. Rufus II. Hardy, of Corsic-
ana, Tex, was elected chairman and
made a ringing speech in favor Of
honest money. A. A. Kemble, John
r. Harcourt, A. l.. Matlock, V. w.
Hale, Henry Sackett, c. j. Adkisson,
Lewis Hancock, VIM. E. Hughes, l..
G. Alexander, Geo. Clark and Rufus
Hardy were appointed Committee on
Resolutions, and reported the follow
ing resolutions, which were unani-
mously adopted:
Resolved, First-The efforts of the
advocates of the unlimited coinage of
silver OF a ratio of Is to ] at their re-
cent meeting at Austin to pledge the
Democratic party to the aus of
monosnetallism forces upon us as
Democrats the necessity of declaring
our views and of appealing to all
Democrats who favor sound money to
arouse themselves to the duty of put
ting the financial issues clearly before
the masses of the people.
| AbS ~ OSopCS "a iADO oAid IA
tied coinage of silver at the ratio of
16 to /, without reference to the radi-
cal change in monetary conditions
during the past 20 years, OIL the CO.
| operation of other civilized Govern
ments, seriously propose that the
United States of America alone of all
the great Powers is able to double by
legislation the market and intrinsic
value of the silver bullion of the world,
for such is necessarily the meaning of
free and unlimited coinage under
present conditions.
We declare u disbelief in such
doctrine, and assert that this Govern
| ment, great as may be its power, can
not give value to anything by law
alone.
Resolved, Second-We congratulate
the country that the advocates of free
and unlimited coinage of silver at the
ratio of Is to l have at last thrown
aside the disguise of honest bimetal-
ism, under which they have been
masquerading for years, and now
publicly proclaim their purpose to
place the finances of the country up
on a silver basis alone, in defiance of
the latest authoritative expression
from the Democratic party in nation
al convention, which refused by an
overwhelming vote to commit the
party to the heresy of free and I'M
limited coinage of silver, and despite
the refusal of the Democratic State
Convention in 1895 to incorporate
such a demand in a Democratic plat
form, and unmindful of the history
and traditions of the party through
out the long years of its glorious ex-
istence.
1t has always stood for a sound and
honest currency and has v once
lent party countenance to debased
money. These advocates of free and
unlimited coinage of silver at the ra-
ito of Is to / announce their purpose
to seize and take possession of the
Democratic party of Texas and to
uitNC liOAi thS PhAty OH shSoS
differ from them and refused to bow
the knee to the silver Baal. We de-
clare that we will not be driven from
the party, neither will we tamely sub
nit to its seizure and prostitution to
such base purposes. We stand with
out apology or explanation upon the
platforms of our party, national and
State. Upon this rock we build u
| political church and the gates of Pop
ulism and Fiatism shall not prevail
against it.
Resolved, Third-Weh hold that there
never can exist with any people for
any definite time two different stand
ards of money and the history of this
country since 1892 abundantly con-
firms the assertion. We stand with
Andrew jackson and with our pres
ent Democratic administration for
gold as the unit measure of values and
we demand of our lawmakers that this
country shall take no backward step
upon this question, but on the con-
trary that the gold standard of values
shall be maintained ~inviolate to the
end that the honor and glory of our
country, its good name and credit
shall be preserved among the nations
of the earth and our people be saved
from the destruction of the material
interests, necessarily resulting from a
change to q debased and constantly
fuctuating standard of values.
Resolved, Fourth-We favor honest
bimetallism, and the use of both gold
and silver, as the money of the
try, and the largest coinage of silver
consistent with the safety of our fl
nancial system and the preservation
of our honest dollar, worth 100 cents
at all times, in all countries. We de-
mand that every dollar in circulation
among the people, whether gold or
silver, or paper as its representative,
possess at all times equal purchasing
power with every other dollar, and
we declare it to be our purpose to
wage unceasing warfare upon any
proposed system of coinage which
will enable n mine owner or bullion
owner to take his bullion to a Gov
eminent mint and have it stamped as
a dollar, regardless of its value. II
bullion values are to be thus increas-
ed, we prefer that such increase shall
inure to the Government and the peo-
pie rather than to the mine owner.
Resolved, Fifth-It is neither con-
templated nor desired that 81 OF silver
new coined, or which may be coined
under present laws, shall be demone-
tized or its standing in any way i'm
paired, and the Government should
carry out the present requirement of
the law that it's parity with gold viii
be maintained.
Resolved, Sixth-We denounce the
heresy OF fiatism In all its forms, and
we announce Dur purpose to defend