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

The great bi,metalllc convention at
Memphis last week, adopted the fol-
lowing resolutions:
Silver and gold coin have in all
ages constituted the money of the
world; were the money Of the fathers
Of there public; the money of history
and Of the constitution, The uni.
verssl experience of mankind has de-
monstrated that the joint use Of both
silver and gold coin as one money
constitutes the most stable standard
Of values; that the full amount of
both metals is necessary as a medium
of exchange. The decentralization of
either 81 these historic money metals
means an appreciation from the value
of money, a fall in the prices Of COM
moditiep, a diminution:of the profits
OF legitimate business, continuing in
crease in the burden of debts, a with
drswal Of money from the channels
of trade and industry, where it no
longer yields safe and sure return,
and its idle accumulation in the banks
and IN the great money centers Of the
country. There ia no health or
soundness in a financial system under
which a boarded dollar yields a con-
stantly diminishing return, and under
which fortunes are made by the &C
cretions Of idle capital or destroyed
by a persistent fall in the price of
commodities, and a persistent dwind-
ling in the margin of profits in al
most every branch Of useful indus
try. Such q system is premium upon
slOth and q penalty upon industry,
and such system is that which the
criminal Legislation Of 1873 has i'm
posed upon this country,
The blmetalllsts' standard OF silver
and gold has behind il the experience
Of ages, and has been tested and ap-
proved by the enlightened and delib-
crate Judgment Of mankind. The
gold standard is a departure from
the established policy of the civilized
world with nothing to commend it
but twenty-five years Of depression
and digaster to the people and extra
ordinary accumulation Of wealth in
the hands Of the few.
There are some facts bearing upon
this question recognized and admitted
by all candid men, whether advocates
of blmstallism or Of the single gold
standard. Among these is the fact
that the very year that marked the
change from the blmetallic to the
single gold standard is the very year
that marked the change from condi-
tion of rising prices, large profits,
general contentment and great pros
perity, to q condition Of an increased
demand, falling prices, diminishing
profits, insecurity Of investments, un-
employed labor and heavy depres-
sion in all branches Of trade and in
dustry.
It is not a matter Of dispute, even
among the honest advocates of the
gold standard, that general prosperity
came to an end with the destruction
Of the bimetallic system, and that
hard timep, falling prices, idle work.
inRmen and widespread depression
came in with the gold standard and
prevails today wherever the gold
standard has been adopted. Every
international monetary conference
called, every demand IN this country
and in Europe for an international
agreement to re establish the bimst-
allie standard is a confession that the
demonstration Of silver was blum
der. if not crime, that it's Conse
quences have been disastrous and
that the conditions that it has
wrought are full of menace and OF
peril, The logic of facts establishes
beyond intelligent question that the
destruction of silver as primary money
by a conspiracy OF selfish interests is
the cause OF the widespread depres.
sion and suffering that began with
the gold standard. There can be no
restoration Of prosperity, no perma-
nent relief from prevailing conditions
until the great cause has been re-
moved by a complete restoration OF
silver to it's proper place a. q money
metal equal with gold.
We believe in money OF stable
value. We believe, least of al in III
n~a.on;oE,n,y akanAa.I T. "a Or1.