St. Paul daily globe., 1895-11-27
ENOUGH OF SILVER
A TRANS-MISSIsSIPP DELEGATE
OFFERS A SOUND MONEY RES
OLUTION. iaea
-ni1,
FREE COINAGE OPPOSED.
1T WOULD LOWER AMERICAN
CREDIT AND INJURE OUR
PRESTIGE. s,fo
sh
GOLD SUPPLY SUFFICIENT.
Reciprocity and the NicaraEuan
Canal Before the Convention
at Omaha.
GOLD SUPPLY SUFFICIENT.

OMAHA, Neb., Nov. 26.-The an
nual election of officers of the trans
Mississippi commercial congress was
the first order of business when the
convention opened this morning, but
the work in this direction was slow.
Preliminary to taking up the regular
programme r. w. Richardson, of
Omaha, introduced a declaration di-
ametrically opposed to the free silver
resolution previously offered by Gov.
Prince. 1t was:
''The ans-mississippi congress, at
it's eighth annual session, respect
fully represents to congress of the
United States: Recognizing the
wisdom of the great commercial ma
tions of the world in declaring that
the gold supply is all sufficient and
requiSitely stable for the measure of
standard value, we demand the
maintenance of the present gold
standard as a basis of our circula-
ton, until such time as the leading
commercial nations of the world
shall, in the course of national events
or by International agreement or
otherwise, unite on a ratio we de-
sire, the largest use of silver in the
coinage, consistent with the recog-
nized standard of value. We deny
the statements and declarations of
free silver advocates that the law
of 1873, dropping silver from the coin
age, was surreptitious legislation;
that such legislation influenced the
price of wheat or any other commod-
ity; that it is responsible for the
present financial depression or the
thousand ills so prolific in the i'm
agination of the average free silver
enthusiast. We are opposed to the
free and unlimited coinage of silver
by this government independently
of international agreement, because
we believe the result of such action
would mean silver monometallism
thus dropping our nation from her
class with the leading commercial
nations of the world"
A resolution introduced by MV.W.
Hulmann, of Missouri, called on con-
gress to re-enact the reciprocity
clause of the Mckinley bill which
was nuliified by the German bill
The Nicaraguan canal question
was discussed by Hugh Craig, of
San Francisco, who represents the
chamber of commerce of that city,
Capt. w. l.. Merry, who was to
speak on this matter, was unable to
be present. The remainder of the
mornings session was devoted to ad-
dresses on Freight Rates and Dis
ordinations, by James V.Mahoney,
of Sioux City, and Capt. Lon Bryson,
of Davenport. 10.
Hon. w. ]. Bryan, of Nebraska, was
made president.
The following subjects were dis
cussed at this evenings session:
Hawaii" by Hugh Craig. San Fran
cisco; Deep Waterways" by A. P.
Quick, Davenport, To-; 'The Advant-
age of Deep Waterways to the Farm
err by Howell Holmes, of Topeka,
Kan. The following resolutions were
read and referred to the committee on
railroad rates of the convention: By
c. J. Horton, of Iowa, on, "Foreclos-
ure of and Rates on Pacific Roads,"
on Cuba and Silver" by w. J.
Bryan, of Nebraska; on "Naturaliza-
ton of Foreigners" by T. W. Launt,
of Missouri; on Restoration of Duty
on Wool" by NJ. B. Holman, of Mis-
souri,.