Owingsville outlook. [volume] (Owingsville, Ky.) 1879-192?, 1896-07-30

WHIT
WILLIAM +. ST. JOHN,
Permanent Chairman.
Francis Clarno. OF Oregon. moved that the
resolutions be adopted as read
At 40 p IN the platform was adopted with
out the recommendation of Bryan and SewalL
motion TO proceed with nominations for
president and vice president being made.
Bryan and Sewall will be nominated practi-
cally unanimously.
The national silver party OF America in con-
vention assembled hereby adopts the follow
ing declaration OF principles:
First-The paramount issue at this time in
the United states is indisputably the money
question. 1t is between the British gold
standard, gold bonds and bank currency on
the one side, and the bi-metallc standard, no
bonds, government currency (and an Ameri-
can policy on the other
On this issue We declare ourselves TO be in
favor OF the distinctively American financial
system We are unalterably opposed 10 the
single gold standard and demand the immedi-
ate return to the constitutional standard OF
gold and silver BY the restoration by this gov
ernmcnt, independently OF any foreign power,
of the unrestricted coinage OF both gold and
silver, into standard money at the rate of IS
| to l. and upon terms of exact equality they
existed prior TO 1873. the silver coin to be of
full legal tender, equally with gold, for all
debts and dues, public and private, and de-
mand such legislation as will prevent for the
future the destruction OF the legal tender
quality OF any kind of money by private con-
tract
We hold that the power to control and regu-
late paper currency is inseparable from the
power to coin money; and hence, that all cur
rency intended to circulate money should
he issued and its volume controlled, by gem
M NJ ual
tender
We are unalterably opposed to the issue by
| the United States OF interest bearing bonds
in time OF peace. and we denounce a blum
der, worse than a crime, the present treasury
policy concurred in by a republican house of
pluncing the country into debt by hundreds OF
| millions tn.he vain attempt to maintain the
| gold stand ird by borrowing gold, and we de-
| mand the payment OF all coin obligations OF
the United States as provided by existing
| laws, in either gold or silver coin, ut the OPP
| tion of the government and not at the option
| Of the creditor.
The demonstration OF silver in 1873 enor-
mously increased the demand for gold, en-.
| HANGING its purchasing power and lowering
all prices measured by that standard; and
since that unjust and indefensible act the
prices OF American products have fallen upon
| an average, nearly hfty per cent, carrying
| down with them prOportionately the money
value OF all other forms of property.
| Such fall OF prices has destroyed the profits
| OF legitimate industry, inJuring the producer
ioS the benefit Of the nom producer. increasing
| the burden OF the debtor swelling the gains OF
| the creditor, paralyzing the productive ener-
cies OF the American people, RELOCATING to
| idIeness vast numbers of willing workers.
sending the shadows OF despair into the home
| of the honest filling the land with tramps and
| paupers and building up colossal fortunes az
| the money ceEters
| In the effort to maintain the gold standard.
| the country has, within the last two years, in
time of profound peace and plenty. been
! loaded down with scr oO)0 o OF ad itional in
| tcrest-bearing debt under such circumstances
| as 10 allow q syndicate OF native and foreign
/ bankers to realize a net profit OF millions
| on single deal
| l. stands confessed that the gold standard
can only be upheld by so depicting our paper
| currency as to force the prices OF our products
| below the Europe IN, and even below the Ash
attic level, to enable US 10 sell in foreign r
| kets, thus aGgravating the very evils of which
our people so bitterly complain, degrading
| American labor and striking at the founda-
tions OF our civilization itself
The advocates OF the gold standard persist
| entity claim that the real cause OF our distress
| is er-production-that we have produced so
| much that IL made US poor, which implies
| that the true remedy is to close the factory.
abandon the farm and throw a multitude of
leaves us unneryed ana dlsheartened, and alb
soluiely without hope for the future
We affirm il to be unquestioned that there
can be no such economic paradox as overpro-
duction. and at the same time tens of thou
sands OF our fellow citizens are half clothed
and half fed and are piteOusly clamoring for
| the common necessities of life
Over and above all other questions of policy
we are in favor OF restoring to the people Of
| the United States the time honored money OF
the constitution-gold and silver, not one. but
both-the money OF Washington and Hamil-
ton and Jefferson and Monroe and Jackson
and Lincoln, to the end that the American
people may receive honest pay for an honest
product that the American debtor
may pay mis- Just obligations in
an honest standard and not in
dishonest and unsound standard appreciated
one hundred per cent in purchasing power.
and no appreciation in de bt paying power and
to the end further that silver standard coun-
tries may be deprived OF the unjust adyan-
tage they now enjoy. in the difference of eN-
change between gold and silver-an advantage
which tariff legislation can not overcome
We therefore confidently appeal 10 the peo-
pie of the United States to hold in allegiance
all other questions, however important and
even momentous they may appear, to sunder
| IL need be, all former party ties and affilia-
lions and unite in the supreme effort to FREQ
| themselves and their children from the DOM
destructive than any which has ever been
| fastened upon the civilized men OF any race or
| in any age.
And upon the contamination OF our desires
| and efforts we evoke the aid OF all patriotic
American citizens and the gracious favor OF
divine providence
Inasmuch as the patriotic majority OF the
| Chicago convention embodied in the financial
| plank of its platform, the principles enunciated
| IN the platform of the American Bimctallic
party, promulgated at Washington, ID C.,
| January %, 1886, and herein reiterated which
| is not only paramount, but the only real issue
in the pending campaign, therefore recognize
ing that their nominees embody these patriotic
principles, we recommend that this conven-
tion indorse the nomination of VIM. J. Bryan
| OF Nebraska, for president, and Arthur Sewsll
| OF Maine, for vice. president
At4:2s Mr. Little. Of Kansas, placed the
name OF William J. Bryan in nomination for
president of the United States amid great en-
| thusiasm. Mr. Pace, Of Nebraska, seconded
| the nomination
At5:4b p m, Bryan was unanimously nom-
| mated by reclamation Great cheering:
everything portable in the hall waved in the
| air. and for the first time the convention gaoe
evidence of the great enthusiasm which greet
ed Bryan at Chicago
, At d m, Sewall was nominated by accla-
nation. and the demonstration appeared as
sincere and almost as noisy as that giyeL
| Bryan
i At e:es the silver convention adjourned sine
die.
The Third Hold-Up.
4 LIMA, o., July 25.-Thursday night
Frank Engles was attacked by two
highwaymen, masked. One of them
placed a revolver at his head and or
dercd him to throw up both hands. He
attempted to get the weapon, when the
fellow discharged it and wounded him
on the top of the head. They fed, but
two suspicious men were arrested
here. Revolvers and masks were
/ found on their persons. This was the
third attempted hold-up within few
days.