The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-05-29

to labor on the farm as well as in the
workshop. We are opposed to the dem
ocratic policy of protecting wooden
manufacturers and admitting wool free
of duty. We denounce a scheme of
taxation which annually increases the
| public debt more than $50 0OO. 900. This
is the result of democratic ascendancy.
The tariff law of the last congress is
| partly a copy of the Mckinley law. and
generally a failure. All that is good of
IL was taken from the Mckinley tar
iff, and the rest of it is confessedly a
| hotch-potch. The supreme court has
already disposed of part of il. All of
the productions of the South, from pea
nuts to whiskey, are carefully protect
ed, while the duties on the great sta
pie industries of the North are largely
reduced, and on some articles, like
wool, are entirely repealed. We de-
mand a reform in the tariff not to
promote sectional interests. but to Sc
cure ample revenue and impartial pro-
lection to domestic industry. This we
can have only by the election of a re-
publican president. We want a change,
and for this change we will have the
hearty support of a large portion of
the democratic party.
I'VE are in favor of a sound ma
tional currency. always redeemable in
coin. All forms of money should be of
equal purchasing power. For IA years
after the resumption of specie pay
ments, while the republican party was
in power. we had such a currency. We
had gold. silver and paper money, all
bearing the stamp and sanction of the
United States, of unquestioned credit
and of equal value, passing current
not only in the United States, but
in all parts of the commercial world.
Both gold and silver are indispensable
for use in the various wants of man
kind. Gold is now, and has been for
years, the chief measure of value in in
ternational commerce, and the larger
transactions of domestic exchanges.
Silver, from it's bulk and weight, is
not available for large payments either
at home or abroad, but il is indispensa-
BILE for the minor wants of mankind.
Gold, from it's greatly superior value,
can not be utilized for such purposes.
Therefore it is that both metals have
been coined into money at a fixed ra-
ito. The enormous increase of the pro-
duction of silver in the United States.
Mexico and Australia has disturbed
this ratio and has lowered the market
value of silver precisely as a like in
crease of production has lowered the
price of other commodities. 1t is a un-
iversal law that price or value is
measured by quantity. Under these
conditions the rational and proper
course would be a change of ratio, but
this can only be effected as to these
two metals by a concert of action
among commercial nations. Until this
l,.
way is for each nation to coin both
metals and maintain the coinage of
the cheaper metal at a partial limita-
tion of the amount, and the redemp-
tion of the same when in excess of
the demand for it. Such is now the poll
icy of the United States and of every
great commercial nation, including
every country in Europe. Other ma
tions adopt the silver standard alone.
not from choice. but from poverty. Il
believe that the policy of the United
States, adopted in 1853, of coming frac-
tional silver coins in limited quanti-
ties from silver bullion purchased at
the market price and making them le-
gal tender for small sums is the only
way to preserve the parity of gold and
silver coins at a fixed ratio, at this
time properly called bimetallic money.
Il hope and believe that the common
interests of commercial nations will
lead them, through an international
commission, to either adopt a new ratio
on the market value of the metals or
to coin them and maintain them, as
we do, at their present ratio. The poll
icy now urged by producers of silver
and by men who wish to pay their
debts in cheaper money than they
promised to pay, is the free coinage of !
silver.
At the conclusion of the senator's
speech the u congressional districts
were called for members Of the COM
mittees and other positions. and it was I
found that there were bitter contests
for seats, especially in the Toledo and
Springfield districts. A committee on
was appointed, and after I
wards organized with ex-Secretary /
Charles Foster as chairman. The con- 1
vention then adjourned until s o'clock /
.. m.
There was a great deal of interest I
taken in the nominations for office of 4
governor with the result that, on the
sixth ballot. Gen. Asa S. Bushnell re-
,eived a majority of the votes.
The resolutions adopted by the con-
'ention urge the support of the policy
# protection. On the silver question,
he platform says: we demand hon
st money, consisting of gold. silver
md paper, every dollar as good as any
'ther dollar, and all backed by the ma
ional faith and honor. We favor BIZ
netallism and demand the use Of both
,old and silver as standard money.
ither in accordance with a ratio TO be
Ixed by an international agreement.
that can be obtained. or under such
and such provisions 10 be
determined by legislation as will Sc
ure the maintenance Of a parity Of
alues of the two metals. so that the
and debt-paying power of
he dollar, whether Of silver. gold or
aper, shall be at all times equal"
The resolutions also denounce the
oreign policy of the Cleveland admin
stration. They praise the career Of
IcKinley in the office Of governor. .ex-