The Evening dispatch. [volume] (Provo, City, Utah) 1891-1895, 1895-08-08
PROVO CITY.
FREE SILVER IN MISSOURI.

We cannot imagine anything in the
way OF politics which would be mora
interesting to the readers of The DIS
PATCH than the following noble dec
laration and resolutions which were
adopted by the Missouri state demo.
cratic convention at Pertle Springs on
the 9th, so we gladly surrender our ed
ltorial space to them this evening, and
we beg to commend a careful perusal
to every voter, democratic and repub-
lican in the state. Note that there is
nothing ambiguous or concealed doubt
ful OF weak in either declaration or
resolutions. 1t is clean, strong dec
laratlon for free coinage at the ratio of
Is to / and independent action by this
government. In this action Old Mis-
souri, has won the gratitude and affec
tion of the mountain states as we'll as
the south. All honor to Missouri.
The democrats of Missouri, in state
convention assembled, make this dec
has been forced into the leading place
among the issues Of the day. The
federal constitution names silver and
gold together as the money metals OF
the United States. The first coinage
law passed by congress under the con-
stitution made the silver dollar the
unit of value and admitted gold to free
coinage at ratio measured by the sill
yer dollar unit,
From the beginning of the govern
meat, following a policy formulated by
Thomas Jefferson and firmly estab
llehed by Jackson, the democratic
party has been the party of bimetal-
lism, favOring the free coinage of both
SILVER and gold at the national mints
and opposed to farming out to the
banking corporation the governments
sovereign power of issuing and con-
trolling the money of the people, The
act of 1873, demonetizing silver, was
surreptitiousiy passed, without the ap-
prOval or knowledge of the American
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 grieyous wrong be righted.
Failure to accomplish this object has
resulted in the steady appreciation of
gold, and corresponding fall in the
Price of the commodities produced by
the people, a heavy increase in the
burden of all debts, public and private.
the enrichment of the money lending
class, paralysis of industry and inn
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
business activity, accompanied by en-
hanced prices of a limited number of
commodities, such revival is due to
artificial and temporary causes, and
canuot permanently alleviate the suf-
terings due TO falling of prices brought
about by the appreciation Of gold and
an inadequate supply of primary or re-
demption money.
Duly to the people requires that the
party of the people continue the
battle for bimetallism until efforts are
crowned with success; therefore belt
RESOLVED, That We, the democratic
party of Missouri, in convention as
sembled, demand the free and un-
limited coinage of silver and gold into
primary or redemption money, at the
ratio of Is to l, without waiting for the
action or approval of any other nation;
and second,
RESOLVED, That we are irrevocably op-
posed to the substitution tor metallic
money of panic breeding, corporation
credit currency, based on single |
metal, the supply of which is so limited |
that 1t can be cornered at any time by |
few banking institutions in Europe |
and America; thir d,
ReSOlUed, That we are opposed to the |
policy and practice of surrendering to
the holders of the obligations Of the
United States the option reserved by |
the law to the government of redeem
ing such Obligations in either silver
coin or gold coin; fourth,
RESOLVED, That We are opposed to the
issuing of interest bearing bonds of the
United States in time of peace, and
especially are we opposed to placing
the treasury of the government under
the 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 FEDERAL treas
1ry with gold to maintain the policy of
gold mOnometallism.
The reading of the res olutions was
reely punctuate6 with applause, and
the portion referring to free
;Oinage, and they were adopted with
uboon