The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-08-16

t4bAl VI 1IEC SllNGE Cd0u1OdleS MOQiO
not weaken the ticket in the east.
Mr.. Lockhart advocated a campaign
OF appeal to reason and deprecated any
resort TO abuse and denunciation. He
controverted the idea that silver Gin
age was the controlling tenet Of the
PopuIist party.
AT Il o'clock Senator Daniel made a
report of the committee on resolu-
tons. 1t was divided into two sections,
one consisting of an address to the
Democrats and the other a plan of
organization. He said the address in
most respects was the same as that
adopted by the Democrats of Texas,
Missouri and Mississippi.
The address was read by Governor
Stone of Missouri
The Address.
The address in full is as follows:
AT a conference between a number
Of Democrats from different states
who attended the non-partisan conven-
ton recently assembled at Memphis,
Tenn, for the purpose of promoting
The cause of free silver coinage, which
conference was held after the adjourn
ment of the convention, a committee,
consisting of Senators Jones, of Ar
Kansas; Turpie, Of Indiana, and Harris,
OF Tennessee, was appointed and
Democrats from the several states to
meet them at Washington for consul
tatlon with the view of securing CO.
operation and concert OF action among
those Democrats throughout the Union
who believe in adhering to the cardi-
nal Democratic policy of actual BIZ
metallism, and who are opposed 70
! committing the party to the pluto
cratic doctrines of gold monometaI-
ism.
Voluntary AssembIagc.
The present conference is the result
of the action then taken. This is pure
ly a voluntary assemblage and, there
fore, does not assume to speak with
party authority. DiSclaiming all right
to bind any person by our utterances,
but profoundly conscious that the
Democratic party today confronts a
crisis the most momentouS in its his
tory. and fraught with far-reaching
perils to the people and the country,
we are assembled as individual Demo
Gratis to take counsel together, and for
the Undisguised purpose Of inaugural
ing and promoting thorough and
systematic organization of the Demo-
cratic masses so that they may go for
ward as one man, with q reSolute pur-
pose to rescue the old party. founded
I by Thomas Jefferson, from plutocratic
domination. Therefore, with this OBJ
! ject in view, this convention of Ameri-
! can Democrats, composed of repreSen-
tatives from twenty-four of the lead
! ing states of the Union, make the fol-
| lowing declaration on the money ques-
! ton, which has been forced to the
/ leading place among the issues of to-
! day.
The Declaration.
The federal constitution names silver
and gold together as the money
metal 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 measured by
the silver. dollar unit.
! From the beginning of the govern
ment, following a policy formulated
by Thomas Jefferson and firmly estab-
liShedt by Jackson, the Democratic
party has been the party of bimetal-
! ism, favoring the free coinage of both
silver and gold at the national mints
and opposed to farming out to banking
/ corporations the governments sover-
! eign power of issuing and controlling
the money of the people. The act of
! 1873 demonetizing silver was surrep-
titiously passed without the approval
or knowledge of the American people,
and from the time when the effect Of
! this act in fastening upon this coun-
/ try the single gold standard was I'M
! derstood, the Democratic party has
consistently and persistently urged
! that the grevious wrong be righted
Appreciation of Gold.
Failure to accomplish this object has
resulted in the steady apprecia ton of
gold and a corresponding fail in the
price of commodities produced by the
] A IN, Z he I,,r-
! den of all debts, public and private:
! the enrichment of the money lending
classes, parasites of industry, and the
| impoverishment of the people. and un-
exampled distress in the gold stand
ard countries. Experience has shown
! that, while under the single gold
standard there may be occasional re-
vival of business activity, accompan-
led by enhanced prices of a limited
number of commodities, such revival is
due to artificial and temporary
causes. and cannot permanently ale
viate the sufferings due to the falling
off of prices brought about by the APP
/ probation Of gold and the inadequate
supply Of primary or redemption
money.
The rights of the American people,
the interests of American labor and
the prosperity of American industry
have q higher claim to the condition Of
the people and law makers than the
greed of foreign creditors, or the
avariciOus demands made by idle
holders OF idle capital The right to
regulate its own monetary system in
! the interests Of it's own people is a
right which no free government can
| barter, sell or surrender. This re-
served 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 a
nations obligations to promote the
welfare of the masses of its own peo-
pie. This is debt higher and more
binding than all other debts and one
that it is not only dishonest but
! reasonable to ignore.
Basis of Credit.
The land and its products are the
basis of all development and pros
perity. The productive capacity of a
country must be the basis of it's
credit In opposing the policy of con-
traction which must inevita bly, further
depreciate the value of land and its
products we are the supporters of
property right and sound credit. and
stand between the homes and estates
OF the people and the red flag of the
auctioneer
The policy of gold recommendation has
been characterized by repeated and
/ disastrous financial panics. The
farmers have found their prosperity
and independence constantly waning
! 11nder. itc hfiobfipC infrpOpp Mann