St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-05
CURRENCY THE ONLY ISSUE
In the Coming Campaign, 1t
Is Claimed--TaPiff Rele-
gated.
STATE CONVENTION CALLED
1t Which the Policy OF the
Party Is to Ee Decided
Upon.

SPRINGFI~L Ill. April A
The Democratic state central COM
mittee of Illinois, at special meet
ing today, issued a call for a state
convention to meet at Springfield
June next to consider the cur
rency question, which it is proposed
to make the issue for the next cam
paign. The call issued to the De-
mocracy of the state says in part:
The only national question now
before the American people is that
of the currency. The war is over.
The force bill is repealed, never to
be re-enacted. Tariff legislation of
a general character will not be at
tempted for several years. The
next national campaign must be
fought out with the currency as the
issue between the parties, and it
behooves the Democratic party as
party to assume a decided position
on this question, and to draw its
party lines according to the wishes
of a majority of it's members. The
BASIC PRINCIPLES
of Democracy forbid the decision of
important questions by the party
leaders without instructions from
the people, and it is therefore proper
for this committee to call on the
Democrats of the precincts, town
ships and counties of this state to
meet in convention in their respec-
tive localities to discuss freely the
great questions before the people.
to give expression to their views
in appropriate resolutions, and to
select delegates to a convention to
be held at the state capitol. The
call then sets forth the basis of
representation, ETC., and urges the
Democrats to turn out freely to the
meetings in their various localities,
and give free expression to their
views, in order that there NAV be
no doubt as to the position of the
party on this great and important
question.
At the conclusion of the meeting
Chairman Hinrichsen gave out an
interview of some length in regard
to the action of the committee, and
It's expected effect He said he is
IN receipt of information from every
county in the state, outside of Cook.
which convinces him that 80 per cent
OF the Democracy favors the free
and
UNLIMITED COINAGE ~
of silver at the ratio of 16 to /. with
out waiting for the action of any
foreign government The committee
expects that the resolutions adopted
py the county conventions will be in
line with this feeling Mr.. Hinrich-
sen says he does not think the plan
VIII commit the party to a fiat
currency, or cause the disappear
ance of gold from circulation. and
thus cause it to go to a premium
On the contrary, he states that the
OBJECT of this movement is to pre-
vent that very thing. Regarding
this he says:
rms movement will spread from
Iilihols TO every state in the Union.
and long before the election comes
around it will be evident that the
congress to be chosen in 1895 will
pass a l6 to free coinage act. Now.
When capitalists realize this thew
Will begin to purchase silver bullion.
Whlch can now be bought for. saw.
90 cents for 4121a grains. The sure
proilt OF 40 cents on each 4121h grains
Will bring out all the gold from hid
ing places. The result will be that
the price of silver will rise steadilv.
ana when the law goes into effect
the question Of the parity will he
settled
AS to the bankers he says:
Inc bankers cannot combine and
refuse to buy silver. bullion. The
pfohts on silver speculation will he
SO sure that they will tumble over
each other in order to buy. Gold
will roll in from Europe to purchase
silver bullion. Certificates will be in
demand and trade stimulated hv
the letting loose of boarded millions
and the certainty of a final settle
ment OF the currency question will
prlnS on a more prosperous period
without danger of following panics
A few leading Democrats NAV no
orlVen from the party by this move
ment, perhaps, but most of them
VIII De swept along in the tide. espe-
clally as the character of the move
Inent and its certain results will re-
move the only serious objections to
the Iree coinage of silver.
EFFECT ON G. O. p.
AS to the effect upon the Republican n
party, Mr.. Hinrichsen said: "As a
party they are pledged to monometaI-
iism ana take no other ground, unless
they straddio the question. Thousands
OF them Will join the Democrats. for
they DeiieVe in free silver. I certainly
expect TO carry the state and countr,,
IN 1886. This movement will be in effect n
reorga nization of the Democratic par
ty. 1T will be built from the town.
ship up
Regarding the prospects of an indie
pendent silver party, he saws: sDThe
attempt begins at the wrong end. A
lew men at Washington cannot con-
trol l2,Wo,oOO voters. The county move
ment grated into a strong party or.
ganization is the only way in which
such political results can be produced
The extreme gold men in our party
VIII go over to the Republicans. The
free silver men of all parties must
come tozthe Democracy, and with our
Objectionable statesmen eliminated. tho
confidence of the people in the ,ler.f,.