The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-08-16
NOT GROWERS KIND.
Continued from First Paas.

| Continued from First Pdgs.
| guised purpose of inaugurating and promoting
| a thorough and systematic organization of the
Democratic masses, that they may go for
| ward as one man with resolute purpose to
rescue the old party, founded by Thomas JEFF
| ferson, from plutocratic domination.
| Therefore, with this object in view, this
convention of American Democrats, composed
of representatives of twenty-five of the leading
| States of the Union, make the following dec
laration on the monetary question. which has
| been forced into the leading place among the
| issues of to-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 constitution
made the silver dollar the unit OF value, and
admitted gold to free coinage at a ratio meas
ured by the silver dollar unit.
From the beginning of the Government, fol-
| lowing policy formulated by Thomas Jeffer-
son, and firmly established by Jackson, the
| Democratic party has been the party of
bimetallism, favoring the free coinage of both
| silver and gold at the National minis, and OPP
posed to farming cut TO banking corporations
| the Governments sovereign power of issuing
and controlling the money of the people The
act of 1873 demonetinng silver was surrep-
! titiously passed without the approval or knowl-
| tuSe Vi tue people,, anu HOLu lllo
| time when the effect Of this act in fastening
upon this country the single gold standard
| was understood, the Democratic party has con-
| sistently and persistently urged that the
| grievous wrong be righted Failure to accom-
pltsh this object has resulted in the steady
appreciation of gold and corresponding fall
| il the price OF commodities produced by the
people, heavy increase in the burden of ali
debts, public and private, the enrichment of
| the money-lending class. paralysis of industry,
and the impoverishment of the people and
| unexampled distress in all gold-standard coun-
| tries.
| Experience has shown that while under the
single gold standard there may be occa-
| sional revival of business activity, accompa-
MED by enhanced prices of a limited number
of commodities, such revival is due to artif
cial and temporary causes and cannot perma-
nently alleviate the suferings due to the fall
ing of prices, brought about by the apprecia-
ton of gold and the inadequate supply of
primary or redemption money.
The rights OF the American people, the inter
est of American labor and the prosperity of
American industry have higher claim 10 the
consideration OF the peoples lawmakers than
the greed of foreign creditors or the avaricious
demands by idle holders of idle capital"
The right to regulate its own monetary system
in the interest OF its own people is right
WHICH 10 Tree government call Ddrter, sell OF
surrender. This reserved right is part OF
every bond, Of every contract and of every
obligation. No creditor or claimant can set up
a right that can take precedence over Ma
| TONS obligations TO promote the welfare of
the masses of its people. This debt is higher
and more binding than all other debts, and
one that it is not only dishonest but treason
able to ignore.
The policy of gold recommendation has been
I1I.o n:
cial pancs. The farmers have found their
prosperity and independence constantly wan
ing under its blighting influences. Manufae-
turers are Interested to oppose it, for they find
the price of sale falling below the cost of pro-
duction. Merchants should oppose it, for with
the falling prices they are often compelled to
sell for less than they paid for manufactured
goods Neither manufacturer nor merchant
can prosper unless the mass OF consumers realize
such prices for their products and labor as sup
ply themselves literally with the necessities
and luxuries of life, nor can the wage-earner
prosper, for under depressed conditions there
| is less and less competition for his labor.
| The Democratic party is the traditional
friend and champion of bimetallism. Its
strength and power and popularity have been
largely built upon its steadfast opposition to
| the characterization of silver ard its record of
unWearied effort to restore it to its historic
place as d money metal equal VIII SOlQ- Inc
effort at this late day to make it par excellence
the champion of gold recommendation, the
enemy of the policy upheld and the defender
of the crime denounced, is an effort to dishonor
its record, its promises and its principles.
Duty to the people requires that the party of
the people continues the battle for bimetallism
until the efforts are crowned with success;
| therefore be it
RESOLVED, That the Democratic party. in
National convention assembled, should de-
mand the free and unlimited coinage of silver
! and gold into primary or redemption money at
the ratio of IS to 1 without waiting for the
action or approval of any other nation.
Resolved That it should declare its irrevocable
opposition to the substitution for metallic
money of panic-breeding, corporation credit
currency based on a single metal, the supply
of which is so limited that it can be cornered
at any time by few banking institutions in
Europe and America
ReSoJged, That it should declare itsopposition
to the policy and practice of surrendering to
the holders of obligations of the United States
the option reserved by the law TO the Govern
ment of redeeming such obligations in either
silver coin gold coin.
Resolued, That it should declare its opposition
to the issuing of interest bearing bonds OF the
| United States in time of peace, and especially
| to placing the treasury of the Government
| unQer tne control OF any syndicate OF bankers,
and the issuance of bonds to be sold by them at
an enormous profit, for the purpose of supply
ing the Federal treasury with gold to maintain
the policy OF gold recommendation. With q
| view to securing the adherence to q readoption
of the Democratic financial policy above set
! forth by the Democratic National Convention
to be assembled in 1896, and of the romina-
ton of candidate for the the Presidency we'll
known to be in hearty sympathy Herewith, we
hereby pledge our mutual cooperation and
urgently recommend to Democratic brethren
In all the States TO at once begin and vigor-
ously and Systematically prosecute the work of
a thorough organization, and to this end the
adoption OF plan of organization herewith
submitted is recommended.
Mr.. Hill of Missouri moved the adoption
OF the address and resolutions. which was
agreed to by unanimous vote.
The plan of organization recommended
by the committee was then outlined to the
conference as follows:
| Roll hot n low 1e