Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-07-30
N N e w M e XIC o
The Opinion There Not for Free and u n
limited Silver Coinage.
Sound Money Democrats VIII Not
Send Delegates to the Coming
Missouri Convention.

Mr.. Matt G. Reynolds, a prominent DEM
ocrat of St. Louis, Mo-, for the last two
years engaged in defending the famous
Peralto land claim of New Mexico, is at the
Shoreham. This claim has now been de-
feated, and Mr.. Reynolds is here to confer
with the Attorney General in regard to it.
While he has lived in New Mexico most Of
the time during the past year and-a half,
Mr.. Reynolds has kept a close watch on
Missouri politics, in which he has for years
been prominent figure. Speaking to a
Star reporter today Of the silver movement
in that state, he remarked:
The Missouri Free Silver Convention.
1.-The sound money democrats of Mis-
souri, have refused to take any part in the
convention to be held on August next
claiming that the state democratic COM
mittee, which called the meeting, had no
authority to do so. 1t is claimed that this
committee has authority to call meetings of
conventions for the nomination of dele
gates to national conventions. &c, but
when it undertakes to call a convention to
consider the silver question 1t steps beyond
its authority.
primaries were held in st. Louis for the
election of delegates to this convention"
continued Mr.. Reynolds. "but In the twen-
ty-eight wards candidates were put up by
sound money democrats in but two wards.
In one of these wards they were successful
and in the other they were defeated. The
other twenty-six wards elected silver candi-
dates without contests.
"Of course the object of this method on
the part of the sound money democrats
is to keep out of the convention, so that It's
decision cannot be considered as binding on
the democracy of the state. l think there
is no doubt that the sound money men ol
the democratic party throughout the state
will follow the lead of the members OF the
party IN St. Louis who think as they dc
on the financial question. The result OF
this will be that the convention to be heid
on the 9Th of August will be all one way
and it cannot be said to have any signifi-
canoe beyond being an expression of the
free silver wing of the democracy"
lew Mexico for Sound Money.
what IS the public sentiment in New
| Mexico on the silver question:" Mr.. Rey
nolds was asked.
VERY differen. from what would natural
| ly be supposed. 1t would be expected with
the silver mining interests and other condi
tions in New Mexico the people there
would be for the free and unlimited coinage
| of silver, but as a fact they are very con
servative on that subject. They are bf
metallists, but they do not jump at fre,
coinage at 16 20 as correction Of AL ths
| ills of the country. When they come u
express themselves it will be seen tha
| they are in favor of sound AMI stabi'
currency of gold and silver. and that the,
|
oCs experiments with the finances of tn,
country, which, of all interests, should h'
| dealt with with the most conservatism ant
| care.
| Coming the American Output.
There is feeling there in favor of coin
| ing the output of the American mines. ant
1 am of the opinion that that will be th'
| solution of our financial question. Tha
can be accomplished very easily. and If i
| should increase the bulk of our currenc.
| too greatly it would be an easy matter fol
| the government to call in some of our pape
| money, which has been a constant threa
| to the gold reserve. The output of thes,
| mines could be taken to the mints ant
| coined, the government purchasing the sill
| yer at commercial rates, the seigniorage t.
be retained by the government and thu
| owners of the silver to receive their shar'
in coin. With the adoption of this polio!
| it seems to me that the democratic part,
would be in good Lcsition to go befor
| the country. The adoption Of the free ant
unlimited coinage Of silver at a ratio o
16 to 1 would be extremely unwise in nj,
| opinion and In the opinion of many loya
| democrats with whom l have talked"