Evening star., 1896-07-22

value Of the gold she owns; ought not we
| to pursue q policy which will increase the
value of the property that we own. and
OF the products that We export? Do the
imitators of English policy in this coun-
try realize that there is difference in
interests between the buyer and the seller.
| between the creditor nation and debtor, or
producing nation?
What should be our policy? Why, to
increase the use of silver, and in that way
| increase Its value, so as to restore its old
parity with gold. We find that the disloo a.
ton between gold and silver has given the
advantage in production to countries that
are not on a gold basis; that their foreign
| products, whose prices are stable in silver,
although reduced in gold, are competing
with ours in foreign markets, to our disad-
vantage, and that their manufactured pro-
ducts, produced at labor cost stable in
silver, but reduced in gold, offer a menace
In the future to our home manufactures,
protected though they be by tariff laws.
We have at stake the interest of the great
est debtor nation OF the world of the
greatest silver producing lation of the
| world of a nation yielding The greatest
amount of farm products in the world
fafm products on which we rely for the
payment of our foreign debts, and the
prices of which have been driven down in
gold as silver has fallen.
Our opponents, gentlemen. exaggerate
the difficulties of the task before Us. In
order TO restore silver it is only necessary
10 absorb the current production of the
mines. The accumulated stock is in shape
OF coin bearing the stamp of various gov
ernments, and it is absurd to assume that
| the owners of such coin will send it here
simply to receive the American stamp. Sill
Yer coin it is and silver coin it would re-
main There is no surplus anywhere in
the shape OF bullion, for the bullion in the
treasury vaults is constructively coined
and is represented by silver certificates and
the treasury notes now in circulation The
current product of the mines is now all
absorbed i'll current uses-in the arts, in
Tf.jy
nand we create would be a new demand
and would have tendency to increase the
value of the current product. But we are
told that increase of value will increase
production. OF course, no man can fore
tell what the product of silver will be- but
The best tSst Of the limit alton of the future
is the limitation Of the past, and we all
kno" that all the silver in the world-the
result OF the operations of silver mining
forages-can be put into a cube Of sixty-six
feet The world has never prodllcei enough
OF metallic coin. The fact that today over
one-fourth of the money of the world is
uncovered paper money proves this. But
suppose the fears of our alarmist friends
are realized and that nature, instead of
Imposing her silver treasure, as she has
done in the past, gradually and progressive
ly, to meet the wants of the world money
should expose it in large abundance, is not
this matter of easy control?
Producers of Silver.
'The mines of the future are in the un-
granted mineral lands of this country and
in Mexico. for remember that Mexico and
the United States produce two-thirds of the
silver of the world. VIII it not be easy to
limit those grants either by exacting royal
~ or by total withdrawal. so that the silver
stores of the future may not be unduly
drawn upon for the present, and that the
calm and equal production of silver com
mcnsurate with its use may be established
and secured?
I'VE claim that the free coinage of silver
at the ratio of 16 TO I by this country is
practicable; that i will restore the old rela-
tive value OF silver and gold; release this
country from dependence upon foreign gold :
impair the competitive efficiency of the
cheap labor of silver standard countries;
restore the value Of agricultural prod
ucts with which We pay our debts abroad
and save this country from manufacture
.ng competition that viii prove destructive.
This question has not been fought out in
the 1aanlfacIurj2 2g states Of the country
ii has been II the mining camps, the wheat
fields and the cotton plantations. But the
manufacturers of this country before the
eId Of this campaign viii learn that their
interests are in common with those of the
general producers OF the country ard the
oriental competition which has been so de-
structiye to the farmers VIII, in the end, be
destructive to the manufacturer. We hope
TO see the wheat interests and the mining
llSleSIS ana tne manufacturing interests
unite against the opponents Of himetallism.
For recolect that II is the dealers in
money, the dealers in products and the
r!ars. of products that have made union
against the productive energies Of the coun-
Try, whether those productive energies are
displayed in cotton and wool manufactures
N the New England and middle states, the
iron and coal industries in Pennsylvania
and the cotton industries of the south
in the mining of silver in the great west.
and we may rest assured that this country
III tine viii pursue policy Of enlightened
seif-interest.
1T will realize its interests as q producer
of over one-thrd of the entire silver of the
world, as the greatest debtor nation of the
world, as the greatest producing nation in
the world, to stop the depreciation of
gold, to stop the building up in value Of
every unit of this four thousand millions in
gold, whose pleasant home is in three for
c;en countries.
Results Promised.
"And with the change Will come beneh-
cent results not only to producers, but to
the banking, mercantile and railroad in
terests which IRE now steadily opposing
US. They will realize that their prosperity
Is; based rpon the general prosperity of the
entire country, and that the prosperity of
this country cal not continue SO long as
Dc btor and producing nations recognize
gold as the only money metal, and by their
action build up its value and increase its
control over the products of labor.
THE campaign is TO open up an era OF
education and in this work the silver party
enters, animated by no sectional spirit
controlled by feeling of envy against
the more prosperous. but inspired by the
desire to maintain broad American pol
icy, which shall protect the interests of
American production, whether in the min
irg camps of the mountains, the wheat
fields of the west, the cotton fields of the
south or the factories of New England.
But let us remember always in the contest,
in union is strength, and that the motto of
our opponents is now, as 1t has always
been, divide and conquer.
Mr.. Newlands was frequently interrupted
by applause. Less than 100 people occu-
pied the galleries, SO the applause from
that quarter was feeble
The roll of states was called to ascer-
tain the names of delegates appointed to
the committee resolutions, national
committee, permanent organization and
vice presidents Of the convention.
205 p.m.-A telegram was read from H.
NJ. Teller saying that the money question
overshadowed all others. loud applause)
The convention took a recess until 4:30
p. m.
GOVERNMENT WAS BEATEN.
Housp Of COmmOnH Votes on "A (Iause