Evening journal., 1896-07-23

portion OF bank reserves against bank
liabilities. A premium on gold will tund
TO increase ureNrorts by oausing higher
rate of fOreign exchanqe-that is to soy,
by yielding a larger net return in dollars
on the sale of bills of exchange drawn
against goods exported. A premium will
tend to diminish our imports by increas-
ing the cost OF bills OF exchange with
which TO ray for goods imported. The
tendency OF increasing our exports and de-
creasing our imports will be- first, to set
our spipdes running, swell the number
Of paid operatives increase their wages,
/ thereby adding 20 the number and paying
capacity Of consumers, and thus enlarge
our home market for all home products
and manufactures, wish prosperity In gen
eral as the result assured The tendency
OF increAKing our exports and decreasing
our imports will be- second to establish a
| credit balance of trade for tho United
| Statos 4 credit balance OF trade means
that Europe has become our dobtor and
must sottlo with MS IN money. Europo's
silver monsy is ovcrvalued in her gold,
compared with ours by from To cents
on tho dollar. The Europ0an merchant
| or banker Will therefore mako his tradp set-
4
by from 10 per cent than in his silver.
With the instant that European trade set
Elements with the United States are made
in gold, parity of our gold and silver
money 10 established IN the markets OF the
| world Herewith the 37l.25 grains Of
pure silver in our silvor dollar and tho
| % 22 grains OF gold in our gold dollar be-
comes OF exactly equal worth as bullion
| in New York -
Conference Committee Elected.
Mr.. ST. Johns speech was loudly ap-
plauded
A motion was made that q spooial COM
mittee consisting of one delegate from each
delegation be appointed 90 confer with q
Ike committee of tho Populists for the
purpose Of settling the differences between
the two factions
Half dozen men at once began to de-
bate the question, and much confusion
prevailed NJ. J.. Olmstead Of Oregon
said he was a Populist, and the Populists
were ready 10 meet tho silver men hall
way Tho object was to unite the free sill
vor forces.
Halt a dozen other delegates spoke in "a
vor of tho committee.
An amendmont was adopted directing
the committee Co notify the Populists OF
its appointmErt and requesting them &C
appoint a similar committee.
Mr.. Turner OF Kansas attempted to talh
against the motion, but there were howll
OF "Sit down." and calls for the question.
Twenty men got up and Attempted to adj
dress the chair A point Of order wal
raised, that Mr. Turner had already spokeI
twice, and tho chair ruled that Turne
must cease.
General Warner was called for and re
I Piled that he did not oppose the appoint
ment Of a committee to confer with th
! Populsts but he thought II would be wis
: 20 have a smaller committee TO sea If thes
populists would agree to select a simla
committee
Alr Foster Of Missouri said he had bcel
appointed one of a committee by the na
tional committee 20 confer with the Pop
ulist convention, and it had been dooidol
Z that q moro representative committee b
appointed 10 had been ascertained tina
tho Populists wero anxious to confer.
Tho general trend OF all the specohe
was that the great object was TO secure 81
Endorsement OF Bryan ana Sewall for pres
idont and vice president. At every mon
tion of tho Democratic nominees tho dele
gates ohocred. The motion was AZ lengtl
carried by viva voce yoto. The roll o
| htatOs WIS tnon tAileu TOT tuo nahIoa ot th
men selected for the conference commit
tee.
Conference Committee Meets.
,The conference committee which WA
appointed by tho Silver rariy conyen
tion held meeting and discussed a lin
OF action. II was decided that should th
Peoples Party convention SOLICIT lik
committee and agree to conferences Chair
man w. p. st. John Of the commlite