The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-06-17
TEXT OF THE MONEY PLANK.
An UnequiYocaI Declaration for the
Gold Standard.

An UnequiYOeaI Declaration for the
Gold standard.
st. Louis, June 1.-THE subcommittee
on resolutions tonight resolved to recon-
mend to the committee on resolutions the
following financial plank: THE republic
can party Is unreservedly for sound
money. It caused the eR4ctment of the
law providing for the redemption of spe-
Gle payment of 1879; since then every
dollar has been as good as gold.
I'VE are unalterably opposed to every
measure calculated to debase our cur
rency or impair the credit of our coun-
try. We are, therefore, opposed to the
free coinage of silver except by inter
national agreement with the leading COM
merc!al nations of the world, which We
pledge ourselves to promote, and until
such an agreement can be obtained the
existing gold standard must be preserved
All our silver and paper currency now in
circulation must be maintained at parity
with gold, and we favor all measures de-
tions of the United States and all our
money, whether coin or paper, at the
present standard, the standard of the
most enlightened nations of the earth"
The adoption of the above plank was not
concurred in until four different PROPOSE
tions submitted by Mr.. Teller were voted
out plank for free silver coinage at 16 to
/. This was followed by a proposition to
coin only American product, although Mr..
Teller frankly confessed that he did not
endorse this proposition, but would take
ii if it were possible to get it. The third
proposition was a resolution declaring for
free coinage accompanied by resolutions
which, in brief, set forth the fact that the
protective tariff system could not be MAIN
tanned on a gold standard basis The fourth
proposition was a resolution submitted by
Mr. Teller al the request of Mr.. Fowler of
Wyoming 1t provided for the coinage of
the American product and tariff of all
silver and silver ores imported into the
United States Mr.. Teller having been de-
feated all along the line, said that he was
willing to leave the construction of the
rest of the platform to the rest of the COM
mittee and started for his rooms for the
purpose of getting a good night s rest. 1t
was at Mr.. Teller's request that the com
mittee decided to make public the tnan-
cial plank upon which it had agreed.
The text of the financial plank as above
given was agreed to by Messrs Hanna,
Foraker and Lodge at a conference be-
tween them this morning.
AS Mr.. Hanna and Senator Lodge sepa-
rated, Mr. Hanna smiled and remarked to
Mr. Lodge: Really, Mr.. Lodge, you are
the most persistent individual with whom
1 have ever come in contact" and with a
touch of sarcasm, continued: "Of course
the Mckinley men will be permitted to
write. the tariff plank. that will come
Certainly" said Mr.. Lodge, "the tariff
plank will come first. l am not at all
unreasonable. I do not care in the least
what color you paint TINS wagon, so long
as you paint 1t red" and thereupon in
very good nature, the conference ended.
The draft of the financial plank was not
finally agreed to until almost 10 o'clock
this morning, and after its preparation It
was carefully read and assented to by
Messrs. Hanna and Foraker. 1t was
also decided that Mr.. Foraker should
be chairman of the committee on
resolutions. 1t was given out early in
the fight that Senator Lodge was to be
plank was adopted, but, having won this
fight, and the Mckinley men having come
gracefully into the gold camp, Senator
Lodge rested his case, and Mr.. Foraker
was slated for chairman. A strong effort
will be the chairman A strong effort
has been made to incorporate In the tariff
plank a clause favoring a bounty on sugar
manufactured from the beets industry. in
which the states of Nebraska, Kansas,
California and several others are vitality
interested.