The Ravalli Republican. [volume] (Stevensville, Mont.) 1894-1899, 1895-06-19
RIGHT KIND Of TALK
The Resolutions Adopted At
Memphis.
BY the Mass Meeting Of the Friends
Of The Peoples Money in
Session There.

after tho convention was called TO
order for the afternoon session, Sen
ator j. K. Jones, Of Arkansas, as
chairman, presented the report Of the
Committee on resolutions, which read
as follows:
''SiIycr and. gold have in all ages
constituted the money Of the world:
they were the money Of the fathers
Of the republic, the money OF history
and Ct the constitution. The uni
vers;l experience of mankind has
demonstrated that the joint nsc of
silver and gold as one money consti-
tutcs the most stable standard Of
values, and that the full amount Of
both metals is necessary as a medium
Of exchange There is no health or
Soundness in q financial system under
which boarded dollar is productive
Of Increase to It's posscsSor, while an
invested dollar vjciu a constantly
diminishing return =" under which
fortunes are made by the accrctious
Of idle capital or destroyed BY the
persistent fall in tile price Of com
moiiitics and constant dWindling in
the margin Of profits in almost every
branch Of useful industry.
''Such system is a premium upon
slotil and a penalty upon indrstry:
such q system is that which the Grim
inal legislation Of 1873 has imposed
upon this country. The bimctallic
standard OF silver and gold has be
hind it the experience Of ages: and il
has been tested and approved by the
enlightened and deliberate decree OF
mankind. The gold standard is i
departure from the established policy
Of the civilized world, with. nothing
to commend it except p years Of de-
preston and disaster to the people
and the extraordinary accumulation
Of wealth cut Of the hands of the
many into the hands or the few.
''I'hc year that marked the change
from t|lc hinletailic to the single
standard II the very year That marked
tile CHANGING condition from: & rising
price 20 Il vot:&!ition ot falling prices,
Diminishing profits. insecurity Of in
YES; s;mcHjs, unemployed labor and
ilcay, depression in all branches Of
tl1d,, and industry. i il, not a mat
ter OF dispute that general prosperity
came to an end with the destruction
Of tic binlot2lIic system. Every in
terilatonul monetary conference that
has bepn called is |; confession tilat
the ;Inniolot iEutiul OF silver was Il
crime, That It's consequences have
been disastrous. and HAT the cnisl!;
ions !i:;tt ii is;;. wrought arc full o.!
n"t1ace ;;;1t Of peril.
'Jllore can be no restoration Of
prosperity anita the great c;'t:sc Of
!rulii@i@ has Jec:i removed loy d com
pleto lcstorutiu!! CT silver TO t.; pro-
,?c! place Il: Il money metal. It Is
only lhr"'~l3 tiia practical "Yc"Ht ion
OF iyil1i"t&]iisni t:i;it q stable standard
of }.;i1iie c:!!! lae secured: the effect ui
Ht}iG lilunNmctuliiSm is to establish
one standard for he creditor and an
other for the debtor: and there can
be 30 more dishonest monetary sys-
tenl than that Which gives short mca-
sure to the borrower and long mea-
sure to tho lender
"l'ronl tlc earliest period Of our
history, up to 1873, the rights Of the
debtor to choose whether he should
pay his dcpts IN silver or gold coin
was always recognized. The subsc-
lllclit policy has been to transfer
this Il iy!!J tD the creditor. thus tend
ing constantly to increase the value
OF the dearcr metal aud destroy the
purity between t..u!,,. Believing il
Is absolutely necc$>j'i.| co reverse tl:i:;
iniltitou- and ruiuous policy we;
therefore
"i;esuiye, That we favor the
Immediate restoration Of silver to it
former place as Il full legal tcndc:
standard money equal with gold, and
the free and unlimited coinage ui
both silver and gold at the ratio OIL
& tUi, upon terms Of exact equality
That while we should welcome the
cooperation Of other nations, VIC be.
leye that the United States should
not wait on the pleasure Of foreign
governments; or Oh the consent Of for
;igil creditors, but the people Of t}l<
country should themselves proceed t
rcy,,t ;Gc grinding process that i
destroying Tie prosperity OF the }lco
pie and should lead, by their exam
pie, the nations OF the earth. Til,
right to regulate its o"il luouctar,
system in interests Of its own pcopl,
is i Iig!it which 10 free Cov"rnnCu
can barter sci! or surrender.
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