Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1895-11-02
ALL FOR SO uNp MONEY
American Farmers Arc soiidIy Against
Free Silver.


American Farmers Are solidiy Against
Free silver.
The friends of free silver were given
an unexpected and unwelcome shock
by the farmers national congress
few days ago, A resolution was pre-
sented requesting congress to place
gold and silver on a parity and calling
for az international conference upon
the monetary question. This resolu-
tion had been prepared by j. @. Offut,
of Indiana, and was favorably reported
by the resolutions committee.
The free silver delegates immediately
presented an amendment to the section
which provided that the president of
the United States should call an inter
national congress of all nations willing
to unite in the equal use of both gold
and silver by adding, 'at ratio not to
exceed sixteen to one" The amend
ment was to put viva voce vote by
President Clayton and the nays APP
peared to have an overwhelming ma
jority.
The silverites, however, were not
willing to acknowledge defeat and
clamored for roll call. The delegates
| from the north, east and south were
practically united in opposing the six
teen to one idea, and the contingent
| from the western and what are known
as the silver states found themselves in
a sad minority. The congress refused
to adopt the amendment by vote OF
two hundred and fifty-one and nine
fourteenths to one hundred and four
and five-fourteenths The resolution
| f,,r
bate.
The victory of the sound money ele-
ment in the congress was emphasized
later in the day when resolution de-
claring opposition to the further issue
of interest-bearing treasury bonds or
notes under any circumstances was
lost. A resolution favoring congress
sional enactment against the beef trust
was adopted.
The twenty-first annual convention OF
the American Bankers association con-
vened at Atlanta recently. The action
of the farmers congress was naturally
subject for open and frequent con-
gratulations among them. Robert j.
Lowry, president of the Lowry Bank
ing company, Atlanta, said:
1.-The refusal of the farmers congress to
adopt the sixteen to one amendment Is an In
dication that the members OF that organizl-
tion have cen doing considerable amount
OF hard thinking. There can be but one basis,
and that is gold. When that is established,
silver will take care OF itself Every bank In
Georgia. with one lone and solitary exception.
favors sound money. The one banker ex-
cepted can scarcely be said to be opposed TO u
parity OF gold and silver, and he is certainly
not for silver ut sixteen to one am pleased
with the action OF the farmers congress, and
especially that its disapproval OF silver should
have been expressed In such unmistakable
terms"
j. j. p. Odell, of Chicago, president
of the American Bankers association,
said:
The action of the congress is a vindication
OF the judgment of tho advocates of sound
that. given time to think the agricultural and
producing classes would arrive at proper
/, appreciation and understanding OF the ques-
ton 1t was certainly q severe defeat for the
advocates OF silver ut sixteen to one
LAS for the resolution which was adopted
calling for international conference OF all
nations wishing to place gold and silver upon
u parity l can see objection in such n con-
ference. but am free to say. In my opinion.
such conference would be devoid OF results.
) Nothing of value has ever yet been established
{ through i conference of that character. The
defeat OF the proposed amendment by vote OF
over two TO one shows rapid reaction to-
ward sound money, which is natural and TO
pe expected"