The Coconino weekly sun., 1895-12-05
FAvoRlNo SILVER.
Tho Transmississippi Congress Closes Its
work-Fres silver Resolutions Adopted. :.

The Transmississippi Congress Closes Itl
Work-Free silver Resolutions Adopted.
OMAHA, Neb., Nov. 29-After five
hours discussion Of the financial issues
the Transmississippi commercial con.
gress yesterday declared for the free
and unlimited coinage of silver, l6 to
basis, and adjourned at o'clock. The
vote was so for gold, 1877 for silver. WI.
Bryan led the friends of the white
metal, and J. L. Webster, of Omaha,
the opposition. The debate was spir-
tied and participated in by most Of the
delegates This resolution was finally
adopted:
Whereas. An appreciating money standard
impairs all contracts, bankrupts enterprises,
makes idle money profitable by increasing Its
purchasing power and suspends productive
forces Of our people: and ,
Whereas, The spoliation consequent upon
the 0utlawry Of silver in the interest of the
creditor class by constantly increasing the
value Of gold. is undermining all industrial So
ciety; therefore
Resolved, That We demand the immediate
restoration Of free and unlimited coinage Of
gold and silver ut the present ratio OF 10 to l.,
without waiting for the aid or consent Of any
other nation such gold and silver coin to be
alike full legal tender Of all debts, public and
private. "a
Mr.. Webster, on behalf Of the minor
ity of the committee, presented the
following:
Resolved. That we are In favor Of true BIZ
metallism, which consists in the largest pos
sible use Of both gold and silver as the stand
ord money of tho country compatible with the
nj nnftn ~ ntafn thA al
purchasing and debt-paying power of the two
metals that We are emphatically opposed to
the free and unlimited coinage Of silver at the
ratio OF Is to !, under present ex-
listing conditions: that such coinage
would destroy tho parity between the two
metals; that the silver would drive the gold
out OF circulation, and thus destroy bimetal-
lism and produce silver monometallism: that
we believe this long continued agitation Of the
silver question has had much 10 do with the
present financial depression, producing want
Of confidence. threatening tho stability and
permanently Of prices and Is o constant men,
ace to the national credit, exciting apr-ehen-
sions abroad and uncertainty at home
President Bryan asked unanimous
consent to introduce the following me-
mortal on behalf of the Nebraska dele
CATION:
oil the products, industries and civilization of
the states west of the Mississippi river, made
at some central gateway, where the world can
behold the wonderful capabilities Of these
great wealth. producing states, would be OF
great value, not only to the transmississippi
states. but to all the homeseekers In the world
| therefore, be 1t
Resolved. That the United States congress
be asked TO take such steps rs may be neces-
sary to hold o transmississippi exposition in
Omaha during the months Of August, Septem-
Der and October, in the year 1923, and that rep
| resentatives Of such states and territories in
congress be requested to favor such an appro-
priation as is usual In such cases, to assist in
carrying out this enterprise.
Resolutions were also adopted in ia
vor Of congressional appropriation
for defending the harbor of San Diego
by war vessels and Notifications; for
the improvement of waterways, and
for deep water harbor at San Pedro
A long resolution urging the various
state governments to take legislative
action relative to irrigation was sub
mitted and passed. Salt Lake was
selected as the next place of meeting
and the body adjourned permanently
at o'clock. b.