The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-05

ratio. even when the ratio OF their pro-
ductiOn uuctuated violently. When the
worlds production Of gold was three times
that OF silver and when again u was
only one third Of silver. stlll the bullion
value Of the metals under free coinage was
relatively the same.
Not until silver was denied free coin
age at the mlnts did its value and that
of gold begin TO diverse. and we main
tain that the apparent depreciation Of
silver is really TO great extent the ap-
dearer because the immense added money
Tor gold, consequent upon the demoneti-
zauon of silver, has made IL dearer.
This is evidenced by the increased pur-
chasing power OF gold and the general
1873
There never had been, and is not now.
enough gold in the world TO do the busi-
ness of the world. The total amount
in existence is less than $4,000, 100000, and
amounts TO only $3.50 per capita for the
population of the world.
The make any single metal the stand
ard of value is to choose a standard which
must huctuate IN obedience TO The laws
Of supply and demand. Gold monometal-
lism and silver monometallism are there
fore both unsOund systems, but gold mon
ometallism is fraught with peculiar dan
gers because its burdens fah on those
who are least able to endure them. Bi-
metallism furnishes standard more sta
BILE than any other, because each OF the
two metals automatically prevents or
counteracts the undue appreciation Of
the other. The gold standard is dishon-
est and oppressive because gold tends
steadily upward and makes the debtor
pay more than he owes. Upon the Repub-
tcan party rests the responsibility or
the closing Of our mints to silver and
the practical supremacy of gold mono
metallism, and we adjure its members In
the name of patriotism and humanity to
forsake their false guides and to join with
us in prompt and thoroughEoing meas
ures to correct the evil which they have
brought into existence, and to return TO
the double standard approved by Hamil-
ton and jefferson.
system which must also be removed until
we stand upon the firm foundation or the
precious metals as the basis of our money
system. Every dollar of equal Intrinsic
silver
We deny the statement of our adver-
saries that we favor reputation, or 90
cent dollars and insist that - \ by the
operation of the natural law of supply and
demand the gold and silver dollars.
Is TO will adjust thems elves
at a practical equality just as they did
before 1873. There is not and never has
been in the United States 5O-cent silver
dollar, and the only reason that the bull
lion in a silver dollar can be said TO be
worth 80 cents Is because that bullion has
been excluded from the mints and Is un-
fairly compared with appreciated gold.
We are not opposed to an international
agreement. We invite such action, but we
are opposed to waiting one day or one hour
for foreign aid. international conferences
have heretofore been a failure, whether
well intended or conceived in the interests
OF delay We believe that this nation can
and should legisate for its people
Therefore. be II resolved by the democ-
racy of Cook county, That we demand the
immediate restoration of the free and un-
limited coinage of silver at the ratio of 1f
to /, as it existed prior to 1873. without
waiting for the aid or consent of any other
nation, such gold and silver coin to be
the legal tender for all debts, public and
private.
Out of 72as delegates present there were
only twenty-three who voted against the
resolutions. Three hundred and fifty
three delegates to the Springfield conven-
tiOn were chosen