Waterbury evening Democrat., 1895-06-14

strong argumontative appeals to the l, 500 delegates and visitors who attended the big mass meeting
 The first warning of tho approaching encounter was heard in the bold utter auces of Congressman Joseph C. Sibley Ut Pennsylvania in favor of q silver party an aggressive campaign for the remoneti- ration of the white metal without regard to previous party ties. After that all dis guise was thrown off. The men who favor a silver party, with ono lurpose and one idea, under the leadership of Sibley, Till man of south Carolina, Butler of North Carolina, Stewart of Nevada and Adams of Colorado, told of their pans without re- serve and asked their hearers to decide betweon party and nation.
 On the other hand, those who favor the settlement Of the silver question within party lines urged conservative action, viz OrouS agitation for free silver but bearing in mind that there were other questions of importance to tho political future of tho country which should cause the voter to think well before casting off the party af- fiiiations of years and giving his undivid- ed suffrage {" the one cause of silver. The money question, they claimed, should and would be settled within party lines.
 The conservative element prevailed in the committee on resolutions. and the dec larations of that body, which were adopt ed by the convention, did not go beyond a strong presentation of the free silver views of the gathering But the convention ad- journed with a sChism in it.
 One faction advocates the Sibley Idea" and the capture of the Democratic conven- tion, and, failing in that. independent political action. while others wero for fighting the issue strictly within party lines
 senator Stewart of Nevada mado tho principal speech of the day session.
 The Resolutions.
 When Senator Stewart had finished his speech, Secretary Wade read telegram from Congressman Benton McMillan of Tennessee, in which he expressed regret that personal business prevented his at tendance upon the convention and added :: Cessation fr~m the use of silver as re- demption money would be calamity to mankind. Whiie bimetallism by inter national agreement is much to be desired it is useless to expect Englau to make any agreement. To expect her to conCede bimetallism now is as idle as it would have been for our forefathers to rely on her doing them justice without a fight l in l116.
 Private John Allen of Mississippi was then called to speak. IIo advanced no new arguments. but kept the audience | laughing for 5 minutes. and at the con clusion of his remarks the convention took | recess.
 Ii.mediately after the convention was called to order for the afternoon session | Senator J. k. Jones of Arkansas. as chair man. sented the report of tho commit tee on resolutions, which he read as fol | lows:
 Silver and gold coin have in all ages constituted the money of the world. werd the money of the fathers of the republic, | the money of history and of tho constitu tion. The universal experience of mankind has demonstrated that the joint use of | both silver and gold coin as one money | constitutes the most stahlo standard of val ue, and that the full amount of both met alS is necessary as a medium uf exchange. | The demonstration uf either of these 1 historic money metals means m apprcCia- | tion from the value of money, a fall in the prices of commodities a diminutinn of the profits of legitimate business. n Contin- | uing increase in the burden of debts, a withdrawal of money from the channels of trade and industry. where it is no long CT yielding n safe and sure return, and | it's idle accumulation in the banks and in the great money Centors of the country.
 
 "There is no health or soundness in q financial system under which a hoarded dollar is productive of increase to its pos sessor. wl.!!o au invested dollar yields q CUnStan y diminishing return, and under | which iu.Iunos arc made by the accretions | of idlO capital Or destroyed by a persistent fall in tho price of commodities and per sistent swindlinG in the margin of profits | in almost every branch of useful industry | such a system is a premium upor sloth and penalty upon industry. ana such a system is that which the crimina l legislation of 1873 has imposed upon tht country.
 The bimetallist standard of silver an( gold has behind it the experience of age! and has been tested and approved by thI enlightened and deliberate Judgment 0 mankin0, The gold standard is a depar ture from the established policy of the civ ilized world, with nothing to commend i but 22 years of depression and disaster t, the people and extraordinary accumula tion of wealth in the hands of the few.
 There are some facts bearing upon thi question recognized and admitted by al candid men whether advocates of bimetal lism or of the single gold standard Among these is the fact that the very yea that marked the change from the bimetal lie to the single standard is tho very yea that marked the change from a condition of rising prices, large profits. general con tentment and of great prosperity to con Iitiou of falling prices. diminishing prof Its, insecurity of investments. unemploy ed labor and heavy depression in al branches of trade and industry. It is no a matter of dispute even among the hon est advocates of the gold standard tha general prosperity came to an end wit the destruction of the bimetallic system and that hard times. falling prices, idl workingmen and widespread depression came in with the gold standard that pre- vails today wherever the gold standar has been adopted.
 Every international monetary confer enee that has been called, every deman in this country and in Europe for an ir ternational agreement to re-establish tn Simetallic standard, is confession tha demonstration of silver was a blunder. lot crime; that its consequences hay
 been disastrous. and that the condition that 1t has wrought are full of menaC and peril. The logic of facts establisht
 beyond intelligent question that the d. structiOn of silver as primary money by
 conspiracy of selfish interests is the caui of the widespread depression and the su
 fering that began with the gold standard There cnn be no restoration of prosperit! no permanent relief from prevailing col ditions, until the great curse has been r
 moved by complete restoration of si
 yer to its proper place as a money met
 equal with gold.
 The BInstaIIists' Belief.
 I've believe in a money of stable valu
 We believe least of all in an appreciatiI
 standard. It is only through the practic
 operation of bimetallism that a stab
 standard of value can be secured. standard constituted of money constant increasing in value is not a sound, sil
 pla nnr a stnhla standard hut n oonskan