The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-30
ST. PAUL GERMAN-ANIERICA
TAKE THE STAND FOR SOUND
MONEY.
SOME SENSIBLE SPEECHES
FINANCIAL LEGISLATION OF
THE PAST.
FREE COINAGE MEANS DISASTER.
Pertinent Resolutions Are Adopted
Plans Made for Permanent
Organization.

About one hundred German Ameri-
cans, representative Of all parties, who
believe in sound money, held a most
fruitful meeting at Mozart hall last
evening. Dr. Schrader was in the
chair, and at the outset, the committee
| named at the last meeting to select
permanent officers, reported, Their re-
| port was adopted, and the following
gentlemen were elected unanimously:
President-Dr. E. Schrader.
Secretary-A. Sehaedlich.
Treasurer-Peter Kerst.
Vice Presidents-Otto Keuffner( Theo. San
der.
Executive Committee-First ward, j. ]. Bic
bighauser; Second. Fred Henrichs; Third,
Malmross; Fifth. Leo G. Breunner; Sixth
Otto Treibel; Seventh, DR.. Hahn; Eighth, Ber-
nard Michel: Ninth, Col. ]. Bobleter; Tenth.
H. E. w. Schuette; Eleventh, Adam Bohland
Gladstone, Julius Schroer; White Bear, Chas.
Reiff; North st. Paul, Frank Luger.
DR.. Schrader, in extending thanks for
his election, sought to impress upon his
hearers the absolute necessity of stand
ing together in patriotic effort for the
preservation of the credit and standing
of the country.
Albert Scheffer was called for. but
Mr.. Scheffer presented Gen. Oscar
Malmross to speak in his place. Gen.
Malmross was adjutant general of
Minnesota in war times, and has evil
IDENTIFY studied the question of national
finances to good purpose. During his
speech he was asked several questions
by DR.. Meyerding, and answered them
to the satisfaction of the audience. Gen.
Malmross' venerable appearance, cou-
pied with his clear reasoning, made a
hi 10 iY1oYa hic
ers, who in fact, listened to all the
speakers with the closest attention.
Secretary Schaedlich explained the
meaning Of many terms used in dis
cussing the money question, and also
dwelt on the bearing of the gold and
silver standards on the price of COM
modities, labor, etc. Mr. Schaedlich an
swered several questions in a way to
put the audience in excellent humor.
Albert Scheffer was called for again
and made very earnest address. He
went at some length into a review of
financial legislation, and carefully ex-
planned the relative value Of gold and
silver. Taking up the Mexican system
as an example, Mr.. Scheffer went on to
show that free coinage of silver would
mean not only loss to all workers and
business men, but absolute disaster to
the nation Inscriptions spectators
alone would. he held. be benefited by
the establishment Of such a system.
Some very common misunderstanding
of what Is to 1 means were explained
away, and the subject was made plain
to ALL
The committee on resolutions, con-
sisting of DR.. Hahn, Thee. Sander and
Otto Keuffner, reported the following
resolutions:
Whereas, 1t is not the function of govern
7Av0f 10 11ttao 10 Loo -1nkfO
Whereas, Gold is the standard money both
of this country and of all other civilized ma
tions Of Importance among the commercial ma
tons of the world: and
Whereas, The free and unlimited coinage of
silver at the ratio of 16 to l would drive out
the gold and reduce the silver money to its
commercial value in the markets of the world,
which would reduce US to silver monometal-
ism; and
Whereas, The ATTEMPT to pay our creditors
within or without our country in silver, worth
about one-half the value due them, would in
volve Reputation and injustice, and degrade
the good name of our country, the conse-
quences of which injustice and Reputation
practices them than to the one upon whom
they are practiced; and
Whereas, Nobody has a greater interest in
the undoubted value of the circulating medium
than the laboring men, and all those whose
earthly possessions are small the wealthy be-
ing amply able to protect themselves and to
make profits out of the fuctuating values of
Be it Resolved, That it is the duty of every
good citizen to do battle against the introduce
ton of the free coinage Of silver at the ratio
of Is to l, and for this purpose to antagonize
with all legitimate means the election of that
Populist and pseudo-Democrat. Bryan.
In moving the adoption of the res
olutions, DR.. Hahn made a vehement
speech in favor of maintaining the
present system. His remarks were
loudly applauded, and when he had
finished the resolutions We're adopted
without dissenting vote
Col Lowenstein desired to instruct
the executive committee to secure
room for headquarters President
Shrader said he would undertake to
see that proper place for headquar-
tiers is secured.
On motion Of Paul Theegarten the
executive committee was instructed to
proceed at once to form ward clubs:
also to outline plan of campaign to
be followed by the German-American
sound money clubs.
The next meeting will be held on call
Of the president