The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1895-06-27
Resolutions

698OluC1OuS
ADOPTED AT THE FREE COINAGE OF SILVER
CONVENTION HELD AT NEW Or
LEANS, JUNE 10.
Whereas, our forefathers, as early
as 1892, established the American
silver dollar as the unit of value, and
supplemented it as coined money with
American gold coin at q fixed ratio,
thus fixing the value Of the American
dollar upon q bi-metallic standard;
and
Whereas, the wisdom of those pa.
triots forbade them seeking, and
prompted them to avoid all entang-
ling alliances with other nations re-
garding our coined money, and caus-
ed them to act independently Of all
| other countries, even in the weakness
Of the early history Of the republic
when we were far less able to do 80
than we are at the present day with
our rapid progress and wonderful re-
sources; and
Whereas, under such bi-metallic
standard the coined money of the
United States was eqnal to the de-
manda of the great progress made by
our republic from 1892 to 1873; and
Whereas, experience has proven
that every attempt to contract the
volume Of coined or redemption
money by reducing it to q monome-
tallic standard has resulted in q gen.
eral fall Of prices Of all commodities
as we'll as of land values and general
stagnation of trade and manufactures,
with the consequent enforced idleness
Of labor and all its attendant evils;
and .....
Whereas, our increasing popula-
ton, and the great productive energy
of our people, augmented by machine
and invention, required liberal VOL
ume Of circulating medium, to en-
courage trade, distribution and con-
sumption in the interest of the gen-
eral prosperity of the people; and
Whereas, liberal system Of circu-
lating currency and banking, such as
will promote general prosperity and
enable the debtor classes to pay their
debts, while treating their creditors
with just consideration, can not be
safely maintained without the equal
use Of both gold and silver as final or
redemption money; therefore. be it
Resolved by this Mass Convention
of the People OF Louisiana, that the
time has now come when the Ameri-
cam people must declare either in
favor Of q single standard of value or
of real bi-metallism, which means
that the government, like every other
debtor, shall pay its obligation in the
coin which ct the moment may be
the more convenient. The continu-
ance of the present system, under
which the government pays in the
coin which the creditor demands,
while it collects its revenues in an.
other currency, involves the steady
increase Of the public debt by a SOL
vent people in a time of profound
peace. We protest and shall continue
to protest against this policy, which
produces benefit to no class Of our
people, except clicque of bankers,
who are interested in making huge
commissions by the floating Of the
necessary government loans. Such
q system, in our opinion, is opposed
to the purposes, and viii in time be
fatal to the existence of government
Of the people, by the people, and for
the people. Be it further
Resolved, That the government of
the United States should Immediately
adopt the free and unlimited coinage
Of silver as well as gold, at the ratio
OF 16 to l, without regard to the
action Of any other nation. And that
they should make such coined money
fn11 loool fnndnr fo,. al lnh1c ,,.1,: