Mexico weekly ledger., 1895-06-20
FOR A SOUND CURRENCY.
Judge Francis M. Black Elected Presl,
dent-A Strong Constitution Out
lining the Purposes OF the
Club Adopted.
From the Kansas City star.

The Sound Currency Club of jack
son County, Missouri, held its second
meeting at the Coates Hotel last night
and elected officers, adopted a con-
stitution and effected a permanent or
panization. More than 100 of the OPP
ponents of the free and unlimited
coinage of silver at a ratio of 10 TO l
were assembled and eighty-nine of
them remained to subscribe their
names as supporters of the constitu-
ton of the organization. The follow
ing officers were chosen unanimously
OIL the recommendation of a commit
tee of five appointed by Chairman j.
Med. Trimble: President, ex-Su-
preme Judge Francis NJ. Black; Treas
urer, Wiley o. Cox; Secretary At
torney Clarence S. Palmer; Vice Pres
idents, J. Med. Trimble, Frank Muehl-
cluster, w. b. Teasdale, r. E. Ball,
]. N. Lowe, Webster ithers, Der
nard Corrigan, Richard Gentry and j.
K. Davidson.
The constitution recommended by
the committee appointed at the last
meeting was read by Attorney t. b.
Buckner and adopted, after Frank
Cooper had made an unsuccessful at
tempt to have a clause Incorporated
declaring that the free coinage OF sill
yer on an arbitrary ratio would dc
great injury to the working people.
THE CLUBS CONSTITUTION.
The constitution adopted is as fol-
lows:
First-That a uniform and certain
standard of value is necessary to the
agricultural, commercial and indus
trial development and prosper
ity of our common country,
and we favor the maintenance oil
all our money, whether gold, silver
or paper, on a parity, to the end that
each dollar, whatever may be its com
position, shall have equal purchasing
and debt paying power with every
other dollar.
Second-We are in favor of real BIZ
rletallism, but in view OF the con-
tinued fuctuation in the price of sill
yer in the open market, we realize
that it is impossible for the United
States independently to adopt a bi
metallic standard at the ratio of six
teen ounces of silver TO one of gold
and we deem it unwise and hazardou'
10 the best interests of its people TO
this country to attempt its establish
nent.
Third-We are, therefore, Opposed
20 the free, unlimited and independ
emit coinage of silver at the ratio of !
to l, when the market Or commercial
ratio is more than 80 to l, and the diff
ference between the bullion value o
a gold and a silver dollar is about fit.
cents, on the ground that, such actor
instead of restoring the bimetalli
standard, would inevitably result il
siiver niouuIiruariism, n unereD.
bring our financial system into disre
pute at home and abroad.
ANY DtlnocTd 6upScilpIiS W I'll
foregoing statement of principle
shall be eligible to membership IN thi
club. The officers of this club sha
be a president. ten vice-presidents
a secretary, a treasurer, who sha
compose the executive committee
all of whom snail be elected to serv
for one year at the annual meeting c
the club; the president of the clu
shall be exofficio chairman of the ex
ecutive committee.
Five of said committee, with tn
chairman, shall constitute a quorum
and in ease of a vacancy In any of tn
above offices, the same shall be file
by the executive committee.