The Union times. [volume] (Union, S.C.) 1894-1918, 1896-07-17

private debts it would take moro than three
times all the gold in the country to pay ono
years interest in that medium. We should
be compelled hereafter to contract the cur
r"ncy by paying the five hundred millions or
Sr"cnbacks and sherman notes in gold.
which would necessarily exhaust the entire
American stock in amt out OF the Treasury.
and the same policy would require that the
three hundred and forty four millions OF
silver certificates should b" paid in gold as
toreshadowed by the present Director OF the
Mint in hi, recommendation. This means
the increase OF tn" public deb. by iiv" hun
drrd millions ofinter"st- bearing gold bonds
| with the prospect Of three hundred and
forty-four millions 10 follow
The disastrous Consequences OF such n
course are appalling to contemplate, and tho
alternativ" suggested is the free coinage Of
silver ~ we'll rs gold and the compl.t" re-
stOratiOn OF our American system of bi-
| m"taiiiSm. Bring uS, "" pray. no more
makc-shiits and Straddies Vex not the
| country with prophecies Of smooth things TO
come from tho British republican Solu pro-
| paganda. W" maintain that this nation.
! with natural has" Gas Gladstone Said)
OF tn" greatest continuous empire ever
established by man, with far NOR" ter
thnn Great Critain France and Ger
many combined. without dcIcnd"nr" upon
EUr"p" for anything that it produces and
with tn" European dependenc" upon Us for
| much that ". produce. is fully capable OF
| restoring it, constitutional money system Of
gold AMI silver At equality with each other,
and ~ 'ur fathers IN 1916 declared our ma
tipual inl"ICuarnc". - now has I'll" party
| founded 10y Thomas Jefferson. u" author OF
:nat declaration. met here t. declare our
financial independence OF all other nations
and to iuvpi;C all true Auc-caus 10 assert by
th"'r votes AMI place th"Ir country wh"r" 1t
nj right h".onS7 ~ The frees: ami foremost
nation OF th" earth.
After "A night session Of nearly three
hours the gold men, undcr the leader
ship OF Mr.. Whitncy, adopted the fol-
towing resolution
That roumi,i". Of ON or more hc ap-
pointed from each StIt" - "p;trr with the
people and report Iii" temper concerning an
organization II the sound money Democracy
au! how far scch an organization should 20
into independent acton Tor the election next
| November.
The delegates freely expressed the
opinion that the probable outcome of
the new movement would be the nomi-
nation of gold man for the Presiden-
cy by the sound money Democrats.
The committee on permanent or
Canization met after the adjournment
of the convention. +. b. Finley, OF
Ohio, was elected chairman; j. p.
Brown, of Georgia, secretary, and DIR.
w. l.. Webb, of Missouri, sergant-at.
arms. After the organization 1t was
decided that recess until evening be
taken. When the committee reassem-
bled ut : o'clock the slate which it was
understood had been prepared, was all
ready and was surprise. Instead OF
the veteran lsham G. Harris, OF Ten.
nessee, who had been conceded to be
the probable choice, Senator Stephen
VI. White, of California, was suhsti-
t,-ted, Tie only reason mentioned in
formally for the change was that mem.
bers thought it undesirable to have
both the presiding officers from South.
crn States.
Senator White was chosen by n vote
of BIB to Is for Senator Hill. and a com
mittee appointed to notify him.
SECOND DAY.
The gold men openly threatened to
bolt, while their opponents practically
invited them to do SO, with the indig
nant statement that they would support
Mckinley anyway.
The silverites did considerable work
on the platform, declaring for free sill
yer at the ratio of Is to |; denouncins
the issuing by the government Of
bonds in times OF peace, and allowing
. private individuals to reap the benefit
, therefrom; demanding that the power
to issue notes be taken from the nation.
nj banks; declaring for tariff for rev
, enue only; making n declaration that
} the revival OF the Mckinley bill would
be- menace to the country; demanding
the enactment OF constitutional
| amendment to permit the income tax
, expressing sympathy for tho bclliger-
; ents in Cuba; demanding that the i'm
migration o. pauper labor be restricted
l favoring liberal pensions to soldiers
opposing third term OF the President,
and denouncing the extravaganza OF
! the last Republican Congress.
! The committee on credentials, after
. its night session, acted on nj. contests
;. before it, except one Indiana district
, Its last action before adjourninS was tc
{ seat the silver contestants from South
Dakota. Adjournment was taken pend
ing motion TO reconsider. The com
, mIttee voted unanimously to seat tn,
; Bryan contestants from Nebraska anC
, tire silver contestants from Michigan
also. The silver .ucn had n .wo-third,
= majority by tue adoption OF nrrcdentin
! committee report. White, of Caliior
, mia, presided. The preamble aud res
!. o!utionS incorporate the declaration
;. of Andrew Jackson that "Congrcs:
y "Ion" has the power To coin money
=! and that this power cannot be dele
= gated to n corporntioa. For thNt rca
I son, al the National Bank isauc.
= ] .p.vil L., 81. ,,,..I 10.