The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-07-08

hAohuAhStuEcTSs lSS IueECuoutS, ItS I6Euie
ers, It's sons OF toll In counting room or
factory. field or mine, know that o
contraction Of the currency sweeps away
with the silent and relentless force Of
gravitation the natural profits Of their
enterprise and investment-and they
know too that the gold standard means
contraction and the organization Of dis
aster. (Applause).
What hope Is there for the country.
what hope for Democracy unless the
views of the majority here be adopted?
The Republican party has now re-
nounced the creed OF it's platforms and
OF our statutes. 1t has presented to the
country the issue of higher taxes, more
bonds. and less money, and has pro-
claimed for the British gold standard.
We can only expect should they sue
coed, spasms Of panic and a long pro-
tracted period Of depression. Do not
ask us then to join them on these prop
ositions.
II we should go upon the gold stand
ard 1t Is evident that we must change
the existing bimetallic standard Of pay
ment of public debts, taxes and appro-
priations save those practically pay
able In gold only. And as we have
twenty billions Of public and private
debt 1t would take more than three
times all the gold in the country to pay
one years interest in that medium.
We should be compelled hereafter to
contract the currency by paying the
five hundred millions Of greenbacks and
Sherman notes in gold, which would
nearly exhaust the entire American
stock in and out of the treasury, and
the same policy would require that the
three hundred and forty-four millions
OF silver certificates should be paid in
gold as foreshadowed by the present d.
rector OF the mint in his recommends
ton.
WOULD INCREASE THE DEBT.
This means the increase Of the public
debt by five hundred millions Of inter-
est bearing gold bonds, with the pros
pect of three hundred and forty-mil-
lions to follow. The disastrous conse-
quences of such policy are appalling
to contemplate. and the only alternative
suggested Is the free coinage of silver
as well as gold and the complete res
toration of our American system Of
bimetallism. Bring us, we pray you.
no more makeshifts and straddles.
VeX the country with no more prophe-
cies of smooth things to come from the
British Republican gold propaganda.
We maintain that this great nation
with natural base (as Gladstone said)
Of the greatest continuous empire ever
established by man. with far more ter
rttory and more productive energy than
Great Britain. France and Germany
combined. without dependence upon
Europe for anything that 1t produced
and with European dependence upon
us, for much that we produce. is fully
capable of restoring its constitutional
money system of gold and silver at
equality with each other, and as our
fathers in 1776 declared our national
independence. go now has the party
founded by Thomas Jefferson, the faith
er of that declaration, met here to de-
clare our financial independence of all
other nations and to invoke all good
Americans to assert 1t by their votes
and place their country where 1t ought
to belong az the freest and foremost
nation of the earth.
Upon the close Of Mr.. Daniels speech
there rose cries of Hill from all parts
of the hall and the sergeant at arms
was called to restore order.
Senator Jones. of Arkansas. rose at
this juncture and offered resolutions
of thanks to Chairman Harrity, which
were adopted, for the manner in which
he had discharged his duty as presiding
officer A resolution that the rules Of
the 53d congress govern the convention
until otherwise ordered was offered by
Senator White. of California, and adopt
ed. On motion Of Ex-Governor Hogg, of
Texas, the roll was called to give each
state and territory an opportunity to
name its selections for the commit
tees on credentials, permanent organi-
cation. rules and order Of business and
platform (loud cries for Hill were renew
cd before the question could be put
but the New York senator did not re-
spond and the call proceeded)
General E. B. Finley, of Ohio. in be-
half of the contestants from South Da-
kota, entered protest against any Of
the members whose names are now ac-
credited to South Dakota. being ap-
pointed to serve on committees Chair
man Daniel ordered, however. that the
contests could be decided only by refer
ence to the committee OH credentials
and that the requests of the contestants
could not be granted.
Congressman Sulzer, Of New York
took advantage Of the interruption to
offer his Cuban plank which was not
read, but was referred for reference to
the committee on resolutions.
When the various committees had
been appointed the members of them
withdrew for organization and the con-
vention then at 445 D. m. adjourned
until tomorrow morning at ten o'clock
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