Evening star., 1895-06-12
WANT BOTH METALS
Convening of the Silver Conference
at Memphis.
ALL THE PARTIES REPRESENTED
Col. Casey Young Welcomes the
Gathering.
ADDRESSED BY MR.. TURPIE


today's convention. called in the interest
OF the free and unlimited coinage of sill
yer at ratio of 10 to 1, come from this
sec1ion OF the country, the representation
Eciudes almost every state south of the
ONO river and west of the Mississippi,
from Puget sound to the keys of Florida,
from the Mexican boundary to the Po.
tomac.
IL may more properly be called a mass
meeting than a convention, for there is no
nxed basis of representation, and it is not
heid under the authority Of any political
organization
The promoters of the conference say this
manifestation of public sentiment may be
traced directly to the convention of May 23
at which Secretary of the Treasury Car
hsle was the guest of honor. Taking their
cue from that gathering an invitation was
extended to the friends of free silver to
participate in counter demonstration.
While the gathering comprises democrats,
republicans and populists, and is supposed
ly Eon-partisan, there is much of interest
to the political observer.
The convention, despite the presence of
delegates representing the two old parties
and the third party, is not likely to result
in anything more than an enormous
amount of speech making and the adop-
tion of strong free silver resolutions. The
delegates arrived on every train ycster-
day and all last night and were still COM
ing in this morning.
1t was given out yesterday that the con-
VGUtIOu "oulu open dt IL U CLOCK tnlS
ing, but certain arrangements were not
completed in lime, and it was decided to
put off the opening until the afternoon.
Col. YounE's Welcome.
Col Casey Young extended the usual
greetings to the convention, and saluted
the delegates the advance guard of
mighty army to overthrow a power more
ruthless and rapacious and more hurtful
| TO human happiness and prosperity than
ri. rNnt hot cha ylc6
oppressed mankind. Concluding, he said:
The forces of the grandest revolution
that ever hurled despot from power are
gathering for an onset that will sweep
every enemy into the dark sea of defeat
The invincible legions which lead it will
never halt or waver until their standards
are planted upon the shores Of every sea
and their banners float in triumph over the
people Of England. They will never lower
their flags nor SHEATH their swords until
the mighty conflict is ended and a glorious
victory won-not until all the temples Of
Mammon are turned into Sepulchers for the
burial of greed and avarice, and let us
hope for the sake of suffering humanity,
that the angel of resurrection will never
unseal these tombs.
I'm the beginning of the struggle which
gave separate nationality to the American
colonies our ancestors gave to the world
Declaration of Independence that rang
like bugle call through every land and
awoke the slumbering spirit of liberty
among every people
patriots are about to send forth another
declaration of independence to all the ma
tions of the world in fixing their own finan-
cial system and legiSlate for the good and
happiness of their own people.
Again, champions of a worthy cause
leaders of righteous revolution. welcome
you to the queen city of our inland sea,
and, in the name of your country's breth-
rem, bid you God speed in your work"
"The Conspiracy of 's3.n
Mr.. Alex. Delmar, formerly director of
bureau of statistics and mining commits
sioner to the monetary commission of 1876,
said in the course of his remarks: AT no
time In the history of the world have such
enormous, such inequitable. such wide
spread may almost say such cosmic dis
undeserved changes of opportunity and
fortune occurred, as have occurred since
the evil day-now some thirty years ago
when the coinage of silver began to be
checked throughout the civilized world
What now shall be thought of the man or
the men who thirty years ago deliberately
destroyed one-half of the scant support
upon which the stupendous superstructure
cf the worlds commerce contracts and
expectations depends? And what now
shall be done to further patch that totter-
Ing system which. like DR.. Holmes one
horse chaise. threatens to fall in pieces
altogether? Concerning this last sugges-
tion. you need no guidance from an his
torian Of money; your minds already
law must be restored"
Senator Turpfc on Anoyed Coin.
Senator Turpie said, in the course of his
remarks:
For 1900 years silver and gold have
been mined, coined and used as money
There has always been a difference be-
tween the commercial, or bullion, value Of
the two metals and the legal, or coinage,
value This characteristic of difference at
taa1 h1RI ~
gold coinage of the United States has a
bullion value equal to the legal value
thereof. The gold dollar is not what 1t
purports to be. The whole series of these
gold coins is made from bullion only nine
tentlls fine.
This is now here spoken of because Of a
very curious claim made by the advocates
of gold monometallism that a piece of
money whose bullion value may be less
than its legal value is unsound and is dis
honest.
1T is the same with the silver coinage.
the dollar and that part called subsidiary
money. The half dollar has but 1872 grains.
a good deal less than half the number of
the whole dollar the quarter dollar has only
nirety-six grains; the dime has only thirty
eight grains-the holder of ten dimes has
only $50 grains, yet he can get halves or
quarters or the whole for those dimes, not
withstanding the commercial price of the
metal in them is very far below its lawful
value. The nickel passes for cents-the
bullion value of the metals which compose
the United States, made of ninety live parts
of copper and five parts tin and zinc, is
worth metal commercially not more than
one-third of its lawful or legal value, which
is the one-hundredth part of a dollar.
According to the test of the enemies
Of bimetallism that the legal value of COIN
ed money must be the same as the COM
mercal or bullion value Of the metal in 1t
nothing could be more dishonest Accord
ing to that test there is not, and cannot be,
an honest dollar Of either silver or gold.
nor any honest part or fraction of the
same-as for the nickel, 1t Is viler than
the dime, and the honest penny Is banished
forever.
According to this same test and rule OF
coirage there is not an honest coin IN the
treasury, there is not piece OF sound saie
money in the country"
Charged With Bridge jumping.
NEW YORK, June 12.-David Cohn,
Hungarian tailor, is under arrest, upon
the charge that he jumped from the Brook
lyn bridge today the New York ap-
proach If he did jump. as alleged. he re-
ceiyed no injury.