The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-07-09

| thousands and millions which is oweC
to them all over the world and which
you owe to them. They draw on thu
United States of America for their fooC
supplies and raw material, wheat corn
cotton iron, lead and other IKE staples
And they seek to get 1t Tor the lcaS
money. Besides this. Great Brltaln mas
large gold mines in South Africa anC
South America and by closing the silver
mines has greatly enhanced their prod
nets and their values. Recent British
aggression in Venezuela and IN the set
Elements of South Africa was moved by
the desire to possess more of these gold
mines and mOnopoliZing the metal ms
soon as possible, 10 assert British power
over the west. No nation can bc itself
free and Independent when it is not great
enough to establish and maintain finan'
cial system Of its own great anDlausc)
TO pretend that this. the foremost. rich
est and most powerful nation of the
world, can not coin its own money with
out suing for an international agree
mcnt with plutocrats who have none
but primary interests to subscryc, has
many years before been held out at
every presidential election. They have
made use of such an agreement and have
fOicd it afterwards and we have never
in our history had an international agree
mcnt upon u money system and none of
the founders of this republic ever dream
ed that such an agreement was essen
tial. We have had three international
conferences in order to obtain it and
to wait longer upon them is to degrade
our national credit. An international
agreement for the restoration of the met
ais to an equality would he Il bond of
mankind which would enable us to regu-
late the value of money and bring the
two metals upon n parity.
Alexander Hamilton, the great secre-
tary Of the treasury under Washington.
understood this. He framed the first
financial bill of this country, which was
passed in 1892, fixing the unity of our
currency upon both metals, for a double
reason. First. that to exclude one would
reduce it to Il mere merchandise. and the
other that it would involve the difference
between n Scanty and n full circulation.
Thomas jefferson knew this when he
entered upon the work of Hamilton. and
George Washington knew this when he
approved it. Daniel Webster knew this
when he declared that silver and gold are
the legal standards, and that neither con-
gress nor any state has any right to cs-
tablish any other standard or to displace
this one.
Gen. Grant knew this when he looked
to silver as resource of payment and
found to his establishment that n Repub-
lican congress had demonetizcd it. and
that he himself, as president, had unwit-
tingly signed the bill. The whole United
States know this and they know also that
they who would be free themselves must
strike the blow. (Checrs.) The major
ity Of this convention, | have the honor
here to represent, maintain that this
great American nation, with a natural
base of fixed empire, the greatest ever
established by man, with more territory
and more productive energy than Great
Britain, France and Germany combined,
without dependence upon European ma
tons for anything that they produce and
with others dependent upon us for what
we produce. is capable of restoring this
money question equal with each other
and as our fathers in 1916 declared our
national independence of the world, so
today has the great Democratic party,
founded by Thomas Jefferson. the author
IF that declaration, appeared here i'll Chi
ragO to declare the financial independence
)f the United States of all the nations,
md to invoke al ltrue Americans to as
'ert it by their suifrages at the polls. that
our country may he placed where she by
right belongs, rs the freeSt, as the fore
most, rs the most prosperous and happy
alton that ever blessed the life of man
kind upon this globe
During the delivery of Mr.. Daniels
speech Senator Tillman of South Caro-
lima and Mr.. Jones of Arkansas moved
around and conferred with the leaders
Of several delegations. Governor Alt
geld. Governor Stone of Missouri, Sena
tor Money of Mississippi. Senator Black
burn of Kentucky, and others were con-
suited.
The gold leaders awaited the next move
Of the silver men with seeming imperturb-
ability. When Mr.. Daniel finished and
that the convention was ready
for business there was loud cries for Hill.
Senator Jones of Arkansas announced
that on behalf of the silver delegations of
the convention. and ut the request of
many of them. he would move the adop-
lion of a resolution. The resolution eX-
tended the thanks of the convention to
Chairman Harrity for the impartial man
ncr in which he had presided over the
1t was adopted unanimously.
The roll of states was then called under
the customary pratice, and the selections
for membership on the various commit
tees were announced.
the delegates ana spectators began
leaving rapidly at this juncture, as IT was
well understood that the convention
would Immediately adjourn.
Gen T.. L. Finley of the Ohio delega..
ton protested against the selection of
the committee members by contrasting
delegations. but Chairman Daniel ruled
that until the permanent organization
was perfected the temporary roll was re-
spccted.
At :33 p. M, on Senator Jones mo-
ton, the convention adjourned until to-
morrow morning at 10 o'clock.
CONVENTION PROCEEDINGS.
The Routine Report of the Proceedings
in the Wigwam.