Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1895-06-20

system than that which gives short
measure to the borrower and long
measure to the lender.
Under the policy prevailing prior
10 1873 there can be no violent change
in the relative value of the two metals
for a rise In value OF one metal is
counteraCted by decreased demand
and fall in value. Under the oper-
atoms of this benefcent law a stable
relation was maintained between them
in spite Of the most extreme changes
in relative productions. From the
earliest period OF our history up to
1878 the right Of the debtor to choose
whether he should pay his debts IN
silver or gold coin was always recog-
nized. The subsequent policy has
been to transfer this right TO the
creditor, thus tending to constantly
increase the value of the dearer metal
and destroy the parity between them.
Believing that it is absolutely neCes-
sary to reverse this iniquitous and
rulnous policy, we, therefore, resolve;
That we favor the immediate res
toratlon of silver to its former place
as a full legal tender, standard
money, equal with gold, and the free
and unlimited coinage Of both silver
and gold at the ratio OF 16 to /, and
upon terms Of exact equality; that
while we should welcome the CO.
operation of other nations, we believe
that the United States should not
wait upon the pleasure Of foreign
governments, or the consent of for.
eign creditors, but should themselves
proceed to reverse the grinding pro-
cess" that is destroying the prosperity
OF the people, aud should lead by
their own example the nations of the
earth.
That the rights Of the American
people, the interests OF American
labor and the prosperity Of American
industry have a higher claim to the
consideration Of the peoples law
makers than the greed of foreign
creditors, or the svancous demands
made by idle holders OF idle CAPT.
tal." The right to regulate it's own
monetary system IN the interests OF
it's own people is a right which no
free government can barter, sell or
surrender. This reserved right is q
part Of every bond, Of every contract
and every obligation. No creditor or
claimant can set up right that can
take precedence over a nations obi
cations to promote the welfare Of the
masses Of its own people. This is 9
debt higher and more binding than
all other debts, and one which is not
only dishonest, but reasonable, to
ignore,
Under the financial policy that now
prevails we see the land filed with
idle and discontented workIngmen and
an ever growing army of trsmpS;
men whom la1k Of work and oppor-
tunlty have made outcasts and beg
gars. AT the other end we find that
a few thousand families own one half
the wealth Of the country. The CEN
tralizatlon Of wealth has gone hand
in hand with the spread Of poverty.
The pauper and the plntocrat are
twin children OF the same VICIOUS and
uAholy system. The situation il full
OF menace to the liberties of the
people and the life Of the public.
The issue is Acknowledgement or hope
less servitude. Whatever the power
OF money can do by debanchery and
corruption to maintain its grasp on
the lawmakiDg power will he done.
We therefore appeal to the plain
people Of the land, with perfect conf
dence in their patriotism aud intelli-
gence, to arouse themselves to full
sense Of the peril that coufronts them
and defend the citadel Of their liber-
ties with vigilance that shall neither
slumber nor sleep,
The reading Of the resolutions WAS
frequently interrupted by applause
A resolution Was afterwards adopt.
ed appointing committee OF one
member from each state to call a
national conference OF bimetallists
whenever ia their opinion the cause
of bimetallism would be advanced
thereby. The following compose the
committee; Alabama, John w. Tom
liusoDj Arkansas, Charles Coffin; Cal