Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1896-07-23


H.~- . Cra~sia< Er-~t Up~s ss-ss---
ssa D-ms~sfis- Fasai~ u-~.s. .aa
Hsas<
SEsGNas Fans. y Y July n
The following r-solutiauS were
adopted SATURDAY b. the New York
state Bazkcrs' csnvrutisu-
We declare that the bankers ss
this state have ~ selfish ar class in
ter-st in the e-tshlishment of anv
particular kiust q money AZ currency.
nor arw We hegestts,f a. a class bv the
maintenance Of ene metal a. th. star
dard - the exclusion % oth-rs The
chartered banking institutions of the
state ot New N0rx ar. indebted - shs.
public at large IN the form ot deposits
suh Iect tO cheek. IN th~ sum % 81. -s4.-
0"o.9eo. while the public are indebted
ts "a IN the form Of loans AMI dis-
eounts in the sEm Of s.. 81. .eoo. .0.a.
Being debtors in this very large
ansunt- with our payables largely cx-
e~~sti1g eur rec~Ivzblrs. we believe
the part Of wisdom aua the part of
honor tor the United States IL to main
tain the present gold standard Of
value
We believe IL would be criminal
folly 60 break away from the most ad-
vsnerd and civilized natfous 10 ioin
China and Mexico upou the silver
bastA la all countries where the xold
standard prevails both gold and silver
circulate as money In all the cuua-
tries where the silver standard prc-
walls there Is no gold In circulation as
money. The free coinage Of silver
means the r-pudiation Of 80 per cent
OF tnctebteiu-ss@ This would b.. sru.
only OF existing debts The saxacious
instinct OF trade would correct this
wrong a. To future contracts by
doubling the price Of commosiiti-.
Hence the fr~e eoinage ot silver ut
the ratio OF - To means n
great imitation Of prices without
aHT Increase Of values. Just in
proportion to this imitation would the
purchasing power Of dollar be de-
creaset II means a silver basis and
silver nonometaliism IL means that
the $-l. .ood,goo Of gold now in efrvuIa-
ttou would 20 tn q premium. xouI IA cease
10 circulate a. moaey and become a
commodity simply. whether eoinesf or
uzensnesL Il w0uld produce a violent
contraction Of the currency to the ~x-
tent - whish gold now IN circulation
ceased % circulate ss money IL wo1ld
noe only uns-ttie. but would thor
0ughlY d<moraIize business All
classes would safer These would
suffer most who are east able 70 take
care OF themselves. that Is. the
iaoorinz classes The crushing effect
upon buSfness would be e,luaIl-,g only
by the dsmeralizinx effect upon pub
lie morals ami the puhli. <sns.. os hon
or. lowered and humiIiatrst a. th~v
would be BY such an Act Of r-patfla-
tiou- We believe Il 10 be the duty of
al <oot ami patriotic citizens tss unit.
their efforts IN preventing such en-
Lamity- W. believe is "a be the dutv
Of the government To maintain the
gold STANDARD and preserve the parity
OF all forms Of currency which Il al
lows 10 circulate as money
We believe this - be Indispensable.
In order so protect and foster the IN
tsrssts Of cur citizens and preserve 10
the United States the paramount posi-
ton which she occupies IN the sister
hood Of nations
The large number Of urgent letters
and sels<rams received from democrats
all over the country emphasizes 10 u
the necessity and Wisdom Of third
ticket Except IN a few instances
these are from indivttralSs This senti-
meut must be eryssaIizsd into some
kind OF state organization before any
warts deciding upon or calling
another convention The sound
money leaders Of the other states
should call together foe conferences
the representative sound IN 1uey d=msl-
erats ef their states. a. has been dole
IN Illinois and Minnesota The ques-
tiou Of n third ticket should be con
sideref from a national and aot a 10
cal standpoint The question Is not
what Is best foe illinois democrats.
for they have no interest in il that
Is not eOmmon 10 the honest money
democrats Of al the other stas.s.
The real question Is. how. In the
pivotal states Of the south and west.
the cause OF sound money can be
best promoted vita th. least injury to
the democratic party We believe there
= no Que Connected with the Illinois
organization who would not be glad 10
escape the responsibility and work
new ticket would impose The s<nti-
ment of the country toward . third
ticket has not yet had tim. 10 aud ef-
fectfve expression Il viii in due
time and Illinois will eheersuIIy A.
cent the e.,1rs.l1xt.fr.