The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-08-14
RISE OF THE SILVER TIDE.
MISSOURI and Texas Declare for Free Coin.

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PERTLE SPRINGS, Mo-. Aug. S.-At
1880 p. m. the Democratic State con-
vention was called to order by Vice
Chairman John II. Carroll. He
stated the purposes of the convention
and introduced Hon. r. p. Bland as
temporary chairman. who was after-
wards made permanent chairman. The
following preamble and resolutions,
which were adopted by a big majority
embody the sentiment of the State on
the silver question:
THE Federal Constitution names
silver and gold together as the money
metals of the United States.
'The first coinage bill passed by
Congress under the Constitution made
the silver dollar the unit of value and
admitted gold to free coinage at a ra-
ito measured by the silver dollar unit.
From the beginning of the gov
ernment, following a policy formula
ted by Thomas Jefferson and firmly
established by Jackson, the Democrat
ic party has been the party of bimet-
tallism, favoring the free coinage of
bota silver and gold at the national
mints, and opposed to farming out to
banking corporations the govern
ments sovereign power of issuing and
controlling the money of the people.
The act of 1873 demonetizing silver
was surreptitiously y passed without the
approval or knowledge of the Ameri-
can people, and from the time when
the effect of this act in fastening upon
the country the single gold standard
was understood, the Democratic party
has consistently and persistently urged
that the grevious wrong be righted.
Failure to accomplish this object
has resulted in the steady appreciation
of gold, a corresponding fall in the
prices of commodities produced by the
people, heavy increase in the bur-
den of all debts public and private, the
enrichment of the money-lending
class, paralysis of industry and I'M
poverishment of the people, and un-
exampled distress in all gold standard
countries.
Experience has shown that while
under the single gold standard there
may be an occasional revival of bust
ness activity, accompanied by enhanc-
ed prices of a limited number of COM
modities, such revival is due to artifi-
cial and temporary causes and cannot
permanently alleviate the sufferings
due to falling prices, brought about
by the appreciation of gold and an in
adequate supply of primary or re-
demption money.
Duty to the people requires tEat
the party Of the people continue the
battle for bimettallism until its efforts
are crowned with success. Therefore
be it,
Resolved, That we, the Democrats
of Missouri, in convention assembled
demand the free and unlimited coin
age of silver and gold, into primary or
redemption money, at the ratio Of IL
to l, without waiting for the action or
approval Of any other nation, and
second;
Resolved, That we are irrevocably
opposed to the substitution for metal
ic money of a panic-breeding corpora
tion--credit currency based on a sin
gle rhetal, the supply Of which is so
iliinitcd that it can be cornered at any
ltime by few banking institutions in
Europe and America; third,
Resolved, That we are opposed to
the policy and practice of surrender
ing to the holders of the obligations Of
the United States, the option reserved
by law to the government of redeem
ing such obligations in either silver
coin Or gold; fourth,
Resolved, That we are opposed to
the issuing of nterest-bearing bonds
of the United States in time Of peace
and especially are we opposed to plac-
ing the treasury of the government
under control of any syndicate Of
bankers, and the issuance of bonds to
be sold by them at an enormous profit
for the purpose of supplying the Fed
eral Treasury with gold to maintain
the policy of gold monometalism.
AND TEXAS, TOO.
FORT WORTH, Tex, Aug. S.-The
State Democratic free silver conven-
ton was called to order at noon to-
day, and the attendance was a consid-
cradle surprise to those who had pre-
dicted a small turnout. About 1000
delegates were present when Hon. a.
G. Owsley of Denton called for order.
Hon. Bryan T. Barry of. Dallas, was
made temporary chairman, and Bry-
an Drew of kaufman and w. S. Ser
geant of Hunt were elected temporary
secretaries Committees were appoint
ed On resolutions, permanent organi-
zation and basis OF representation. Ex-
Senator Reagan was invited to address
the convention in the afternoon. The
sensation of the forenoon session was
created by motion that a complete
list of the delegates be made in order
to give the lie to those newspapers
that had been saying and would con-
tinue to say that the free silver con-
ventions were made up chiefly of Re-
publicans, negroes and Populists, with
slight sprinkling of Democrats.
The afternoon session was almost
entirely taken up with speech. making,
ex-senator Reagan making the lead
ing speech of the day. The committee
on resolutions and platform could not
come to an agreement, but the com
mittee on organization reported the
following officers: Chairman J. W.
Bailey of Cook; Secretaries Bailey,
Lanham and Crane, who made speech
es which were received with vocifer-
Gus enthusiasm. Letters were read
from Senator Morgan of Alabama and
Jones of Alabama and a telegram
from r. p. Bland, chairman Of the
Democratic State silver convention of
Missouri, in session at Pertle Springs.
The convention then adjourned until
$50 p. m. At the night session reso-
Iutions were passed declaring IN favor
Of free coinage of silver at II to /, in
dependent of international agreement
and condemning the financial policy
Of the present administration.
Yp,,I,I