New-York tribune., 1896-09-03

these conditions The banks also have been the
victims Of laws no, Of their making the result OF war
because they have been prevented by these laws from
the SercSL 70 and
ilral functions under proper currency system NJ
agains the results & Of agta Ion for the debasement
Of the metallic standard has been rendered doubly
rency. The gold standard has borne the odum OF, OF
events for which 1t is not responsible. ana wnIcn
ernment paper currency. subject 10 perpetual re-
Issue The sale Of bonds for gold on four occasions
during the last three years has been due to tle laCt
Ss INA hs SypF o ssd has b ehh
by law upon the banks This system of legal l-tender
paper has brought discredit and suffering TO every
carled by every civilized STATE which has sourh, to
as rrrncy un9n sound ana scrn,S n,,, s,ea Das o
'akcn for :he withdrawal from circulation Of The
legal-tender notes or for change Of the existing
niand. in order that there may not be improper
contraction Of the currency, and mat II may ne
business that the present banking laws he so modi
fed "a lnterpose no obstacle to 'he creation of
troll shall insure uniformity. security and re-
demption in standard COIN on demand
RETIREMENT OF FIAT MONEY.
The Oregon delegation has submitted plank
also. Like those Of most Of the States. this reso
luton demands the retirement Of all fat money
1t is as follows:
We are in favor Of the use Of both gold and silver
as money upon secure lines but not otherwise. The
ratio OF commercial value between gold and silver
s about % to |: the Chicago Convention has
declared for the free and unlimited coinage OF
silver at the ratio OF lG 10 |. We believe that the
admission of silver % unrestricted coinage at the
ratio Of ls to by the United States. particularly
without like action the part of the other great
nations must impair our foreign trade. result IN
debased currency al home and bring the most dis
We oppose al forms Of IA; money and consider
its retirement from circulation. as recommcnded
by the present Administration. indispensable to
stable currency.
The Florida delegation has submitted a plank
written by l.. l.. J. Neuwencamp Of Lakeland.
Fla. which is follows:
ard opposed TO imitation and fiat money
We strongly opposed to any furthef coinage of
silver cxcep, for the use of subsidiary or minor
coins. in which relation only. its intrinsic or actual
with ihe gold standard can be su'lciently MAIN
tanned
fat money now IN circulation. by the issue OF In,
terest ring bonds As such should be 'rtirei
are not secured by their equivalent in gold coin,
heid reserve In the Treasury vaults; and about
secured 10y half of their face value stored
away in silver coin in the Treasury vaults.
We recommend the adoption Of sound and strict
system CT economy in the administration and eX-
pendure Of ths peopes money and esPec,y s SsSs as
such Immediate reduction OF about ~ pc. cent
in the fraudulent pension lis.
The Committee on Resolutions was beset upon
meeting with many financial panks inc issue
between a straight-out gold single-stannarn
resolution and the International bimetallic
standard admitting the fullest safe use OF silver
began to grow more specific The single gold
standard advocates were unusually pod anu
seemed TO be enioying their freedom 10 talk
out in meeting" for convictions that they have
long entertained.
NJ L. Crawford chairman Of the Texas deega-
ton said: "Riretallism is all ffoth and a fraud.
I want straight-out single standard. Let
get rid Of this monkey business about silver ana
be homes wit ourselves for once ANYHOW. Nov Nov
that we've got this fight on our hands, let's nave
il ou; and put the country beyo the reach OF
the fellows that always want tc pay debts with
cheap money"
John F. irish. the California leader. was
equally explicit for the single gold standard