The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-06-14
THE SILVER FACTIONS.

The Resolutions.

C1fAFeE1Ss9z tooE a recess uEr0 I'D
The Resolutions.
Immediately after the convention was
called 20 order for the afternoon, Senator
J. =. Jones. o. Arkansas, as chairman
presented the report Of the committee on
resolutions. which was read. as follows:
silver ard gold haYe in al ages consti-
tuted the money Of fhe world, and were
the money OF tire fathers OF the republic,
the money OF history and q the consfsfu-
ton The universal experience CT man
kind has demonstrated that the Joint use
q both silver and gold coin as one money
constitutes the most stable STANDARD or
values. and that the fun amount Of both
metals Is necessary as a medium Of sx-
change. The characterization OF either 81
these historic money metals means an az
prsctatson IN the value OF money, fan
in the price Of commodities. q diminution
In the profits OF legitimate business. con-
tinuing increase IN the burden o. debts,
withdrawal OF money from the channels
q trade and industry, where IL no longer
yields safe and sure return. and It's IDLE
accumulation in the banks and In the
great money centers Of the country.
There is no health and soundness =
financial system under which a hoaTded
dollar Is productive OF Increase 20 SIS pos
SCISSOR while an invested dollar yields A
constantly diminishing return. and under
which fortunes are made BY the aecre-
sS0nz OF idle capital or destroyed BY a per
ElsteDt fall In the price OF comm Ties
and a persistent 3wir ding IN ne mars q
% profits IN almost every branch OF use
ful Industry. Such q system Is premium
trpon s53th and a penalty upon industry.
as Sssrh a system Is that which ne Grim
iual legislation ~ Isl has imposed upon
this country.
The bi-netaIliss standard Of silver and
gold has behlad it the experience 81 ages.
and has been Tasted and approved - ths
enlf<hr@ned and deliberate decree % man
Kina. The gold STANDARD - q Departure
from the established policy Of the civil
lzea world. VITA nothing 20 commend .
bit twenty-five years % depression AID
disaster % the people and extraor4tnary
accumulation Of wealth ia the nAss-s OF
the few.
There are some facts bearing upon
this question recognized and adopted ~
al candid men. whether advocates o. OIL
rss.,aIlisrn or the single gold standard.
Among these Is the fact that me very
wear that marked the change from the
bi-metaUlc % the single gold standard -
the very year that marked the changing
condition from rising prices. large PRONE.
general c0ntentment and great Property
10 a condition Of falling prices. diminish
ing profits insecurity OF investments. IN
employed labor and heavy depression
in all branches of trade and industry II
Is not a matter OF dispute, even among
The honest advocates OF the gold stan
dard. that general prosperity came 10 an
end with the destruction OF the 9i-Inetat-
lie system. AMI that hard times. raining
nrices Idle workingmen and widespread
dar,ression came in with the gold stan
dard and prevails today wherever the solu
standard has been adopted. Every inter
national monetary conference that mas
been called, every demand IN TINS county
on Europe for an international asFesiii III, :
N re-est a hlfsh the bi-metallic stanadtu -
a confession that the demone .izatioh OF
silver was a blunder II not a crime, tHa1
lts canseauences have been disastrous,
ara that the conditions that II wrought
are falll of menace and or peril me ioS1c
Of facts establishes beyond lhtei4son~
question that the destruction OF SILVER as
a urinary money ~ conspiracy %
,eh interests is the cause or tue "iue-
'-.as aanr. ssf IN and suffering that came
-tt.b the Guild standard. There can pe no
rastoTation of prosperity. no permanent
raffaf from prevailing conditions uiItli nc
sxvsat cause has been removed py a COM
&c. restoration OF silver TO It's plopg'
mace as a money metal. equaI "ith 80"
.'We believe In money Oh s'S1oI. &C..
We haItave least of all in an appteciat-
st5ndard IT is only through the prac-
- o,eratiou Of bi-metallism that a sta
he standard of value can he secuieu' -
staraard constituted Of money cohstsh'
=, Increasing in value is not a souhu'
- ar a stable standard, but a con-
stautlv changing standard. Inc en-
If gold mono-metallism IL 10 es'ai' ',7
one standard for the creator anu -.
for the debtor. and there can ps ~ ~,
AIshonest monetary system thah thA'
..-,et,,, gives short measure 10 the borrower
and long measure TO the lenaei'
..T4nder the system prevailing PRIOR 10
&C., ,tara can he no violent change IN the
,aia,iva value Of the two metals TOT d ilSe
q, value of one metal is counteracteu ny
a decrease in the demand anu Aa' "a
,,a1ua Nv an Increased demand CHotI t',e
,.>r,+ior Of this benehcent law a stahIe
,.atation was maintained between tneiu
IN snite OF the most extreme chaiiSeo al
-, nroductton. From the earnest
.t,s ~ our history up TO 1915 the riGht
- ~ aahtor to choose whether ne sHoaia
nov his debts in silver or goid COM Wa
20 80. racognized. The subsequent pol
a.. -. heen 20 transfer this right 10 the
cradjtor thus tending TO constantly III
.reasa the value Of the dearer metal anu
destroy the parity between 'HeiH.
lleying II is absolutely necessary 70
verse this iniquitous anu i"1"0"8 pm
va therefore resolve,
..rhat We favor the immediate resloI =
a., 80 silver 10 its former place as a fOlI
,aral tender standard money equal Win
80 apd the free and unlimited coinage
- to.h silver and gold nj the ratio OF -
- and upon terms OF exact equanty.
..1,1st while We should welcome the CO
cnaratton of other nations. we nthtNF ..''
rtrited states should not walk on me
',.as.,ra Of foreign governments or the
e>.sant Of foreign creditors, but should
.,.-n.n.1,.as proseed TO reverse the grind
49,. r,ro,.,ss that IS destroying the pros
,,arl,, az the people. and should lead hy
,,,.sr example the nations OF the eaFth-
.~rhat the rights OF the American peo-
-, interests of American labor ana
-. rroSperfty of American industry nave
5,t.Scr claim to the consideration OF tae
,eOrle's lawmakers than Inc grteo a.
tt, ,rssftfors or the Gy9ric1ous &C.
loi = = 80 nv idle holders Of idle CAPT
tsI The right 30 regulate Us own nom
-, s,-atarn i'm the interests Of us o"n
,,en,le : A riEnt which no free govern
WIT can barter. sell "a, surfenceF- = ais
,,ss.r~-ed right is a part OF every POM
~ o,,.rv contract and Of every ob.lSai3cn-
W creditor or claimant can seq oP
i-h, that can take Vr@- edeuce over 2
ra+ton's obligations % promote Inc Wei
fare Of the masses Of It's Own people"
1-b{s * a debt higher and more oinitnE
.ssv an other debts and one Dhioh j. is
not only dishonest but reasonable to
ignore
grinder the foanc'aI poh-y that now
,,~e.afls W. $50 the land dlied with t5ie
ara dtScont ented v-orkinEmen ari ain
ever growing army q tramps, mon ".oir
1s-l ~ work and opportunity have made
on.casts and heEgars. Az the ofne~ end
Ne fnd that a few thousand families
81, ore-haif the wealth % the country
THE Capitalization Of wealth has gone
har,a IN hand with the spread ~ uoEr~~y-