The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-06-19

Champions of a worthy leader of a
righteous revolution welcome you to the
Queen City Of our land and in the name
Of your countless brethren wish you God
speed your work"
After Col. Young had finished his
speech which was received with frequent
bursts of applause by the convention, Sen
ator David Turpie. Of Indiana. was an
nounced as the permanent chairman. He
spoke as follows.
TURPIE's SPEECH.
COINED money has always been and
yet is in itself thing Of value and this
value is of two kinds-nfetallic or bull
lion value and the monetary worth or
legal value. The latter is always mat
ter of law--the bullion value is one Of es-
timation and opinion. There always has
been and always will be difference be-
tween the two metals and the legal or
coinage value. According to the test of
the enemies of bimetallism, the legal val
lie Of coined money must be the same as
the commercial or bullion value OF the
metal in it, there is not and cannot be
an honest dollar Of either silver or gold.
Ratio and parity are two words much
used in this discussion and have exper-
fenced similar fortunes. When it is
proposed by us to restore silver to full
coinage, parity is spoken Of as an irwin
chile objection. How has parity been
In the same manner we shall establish
and maintain the same parity. For this
parity by law we have q voucher, the
fact of more than a century's mainten-
ance. Parity and ratio are handsome
names. Elegant synonyms for that hos
tility to silver which its enemies would
prefer to disguise. In the vernacular of
the single gold standard as it is spoken
today, parity means no more silver; ratio
means nothing but gold. They have put
silver under duress. We would make it
free as before.s
The loss of our gold, the departure
Of our gold, will, as some opponents say,
bring about depression. Yet gold staid
with us from the beginning in usual
quantity and proportion until 1873, when
we ceased coming silver. From 1873 un-
til 1873, while silver was not coined, gold
touched low ebb. When, in 1873, we
began to coin silver again, gold returned
in larger sums than ever and staid and
increased with us. Since we ceased the
coinage of silver in 1893, during 1894-5
gold has again left us. The flight of
gold has RECOMMENDED. Surely this was
not caused by free silver coinage Ex-
perience teaches us in this way the les
son that the best way to Keep both is to
coin and use both on terms of equality.
'The faith Of the advocate of a single
gold standard Is compounded of one
pernicious error, that coined standard
dollars should be of equal legal value is
true. but that the metal in them must ba
of equal bullion value is a fallacy so con-
trary to common sense and experience
that it cannot be much aided by prophecy.
Let us as bimetallists remember that we
are Americans, citizens of the great re-
public dealing calmly and deliberately
with our own highest interests. Let us
take counsel of faith and hope. Let us
go forth with manly hearts without fear,
believing in all confidence that the sill
yer and gold dollar of our minis, the
money of the past, sound, tried and true,
shall also be and remain the money
of the future"
Tonight Congressman Joseph C. Sib-
ley, of Pennsylvania, is slated to speak
His speech is expected to be one of the
best of the convention from silver mans
point Of view. Tomorrow ex-Gov Brad
ford L. Prince, of New Mexico, Senator
Stewart, of Nevada; Marion Butler, Alex
ander Delmar, of California, and others
are expected to speak. It is feared that
the convention cannot be disposed of in
two days, even with night sessions owing
to the large number of speakers who have
been invited and the inclination of others
who have not been invited to unbosom
themselves to the convention Those in
charge wish to give everybody a chance
to speak. The main event of tomorrow
will be the report of the committee on
resolutions.