The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-06-16

81 Luis, uHe l0.-Ine money
plank of the platform has been agreed
upon 1t is a victory for the middle
west, but is perfectly satisfactory to
the extreme east. The New England
contingent, headed by Senator Lodge
of Massachusetts, and backed by Sne
Platt and Quay forces in New York
and Pennsylvania, urged the adoption
of a
SHORT, EMPHATIC DECLARATION
and their plank was finally formulated
ait the conference held last night. The
plank reads:
we favor a maintenance of the eX-
iSing gold standard and are opposed
to the free coinage of silver, except by
International agreemenG for bimetal-
hsm with che leading commercial ma
tons of the world
This was to be the offer Of the east,
and upon lit they were to stand. The
leaders in the middle-west staItes-Ohio,
Indiana, Illinois, Wisconsin, Mime
sofa and Nebraska-were equally
Serong in their insistence upon a de
claraEion that would not be open to
the charge of equivocation. Michigan,
Iowa and South Dakota, three OF these
tiers of states, stood out against a de-
claraGion favoring in terms the pres
ent gold standard. They rather ia
vored something
DISTINCTLY FRIENDLY TO SILL
YER,
while affirming their opposition to free
coinage under existing circumstances.
The plank agreed upon by the Iowa
delegation this afternoon after four
hour struggle, and which is under
stood to have the endorsement of Sem
aItor Allison, fully sets forth this idea.
That plank was as follows:
I'VE favor the use of gold, silver and
paper as the money of the United
States, all to be kept on a parity of
value, and the enactment of necessary
laws 60 accomplish the purpose.
1--WE also favor the use OF silver as
International money, either through an
international agreement TO secure a
common ratio, with free coinage at
SUCH ratio by the agreeing nations, or
by concurrent legislation of the lead
ing nations 10 accomplish the same
purpose.
THAT, pending such an arrange
ment, which should be promoted by
the power of the United States, 1T is
UNwIsE AND INEXPEDIENT
for the United States alone 20 adopt
free coinage of silver at the ratio of 16
80 l, and, therefore, we oppose such
free coinage of silver"
The leaders in the middle west Of
fered the plank which follows, and
which was submitted to Senator Lodge
and other eastern men today, as sub
stitute to the plank prepared by them
and hann accounted nv
them as completely satisfactory. This,
it is believed, ends the long fight over
the financial plank. Senator-elect For
aker, who is to- be chairman of the
resolutions committee, Will present it
to the committee. This is the resolu-
ton:
THE Republican party is unreserv-
edly for sound money. 1t caused the
enactment of the law providing for the
resumption of specie payments in 1879;
since then every dollar has been as
good as gold We are unalterably OPP
posed to every measure calculated to
debase our currency or impair the cred
it of our country. We are, therefore,
opposed to the free and unlimited coin-
age of silver except by international
agreement which we favor, and until
such agreement can be obtained the
existing gold standard should be pre-
served. We favor the use of silver
as currency, but to the extent only that
its parity with gold can be maintain
ed, and we favor all measures desig-
ned to maintain inviolable the money
of the United States, whether coin or
paper, at the standard of most en-
lightened nations of the earth"
AS far as elected the committee or
resolutions has a large majority fou
gold in the platform. The following
states will so vote when the test comes
according to the declarations made BY
members of the delegations and by
committeeman Themselves: Alabama
Arkansas, Connecticut, Illinois, Indiana
Indian Territory, Kentucky, Louisiana
Maine, Maryland, Massachusetts,, Min.
nesota, Missouri, Nebraska. New
North, Dakota, Ohio, Oregon, Pennsyi
wanna. Virginia, Vermont, Washington
Wisconsin. Total, 25
Then there are several states which
are against the free coinage of silver
but which object to the word gold il
the Platform, and want a declaration
for sound money. These states arr
Iowa, Kansas, Michigan, South Caro-
lima
There are some who are not vet de
ternfned. The division in Florida ans
lflS uStu lock IN the District OF Column
bia will both result in the selection o.
gold men.
The out and out silver men will com,
from the following states and terri
tories: Arizona, Colorado. California
Idaho. Montana, Nevada, New Mexico
Texas, Utah. Wyoming.
There are some states and territorie
yet to make their selections.
Some are believed to be for gold ans
Others for silver, but they will no