New-York tribune., 1896-07-23
Solid SilYerWare
Loving Cups, Vases, Pitchers
and other pieces suitable for
prizes.
THEODORE B. STARR,
206 Fifth Avenue,
Madison Square.

in order TO recoin 1t at mnts. Europes silver
ware. like Americas sverware. carries in 1t the
additional value Of labor and the manufacturer 5
They threaten us with flood OF silver from the
Far East We answer that the course OF silver Is
invariably Eastward AMI never toward the West
British India is perpetual sink OF silver absorbing 6 1 NJ,
It, never II return by from sSO,W0Oo TO S6cWVOW
worth every year And India's absorption OF silver
will be enlarged by the steadtness of price for silver
They threaten us with a sudden retirement Of
5000 COO nO gold with the accompanying panic caus-
ieed We answer that our total stock of gold other
than about 100000 sl5,T0Oo circulating on the
Pacific Coast is already in retrement Practically
all our gold is In the United States Treasury or held
by banks The gold in the Treasury will remain
United States notes in silver. The gold In the banks
constitutes the quiet and undistu urbed portion OF
tinue to do money duty as such reserve after free
coinage Of silver is enacted. Hence premium on
it will not contract the currency The utmost pos
millions circulating on the Pacific Coast. ana this
will be retired but slowly.
THE BLAND ACTS EFFECTS.
similar threat of fight Of gold was made for
tine Bland act of 1873 President Hayes was urged
70 veto H. but Congress passed ii the veto In
stead OF a fight OF gold had been predicted. we
gained by importation 100000 the first year. 10000
900 the next and 100000 the third year. During
the twelve years tina: the act the statute
book gained 1921. 10000 of foreign god Instead
of the destruction Of our credit abroad. as had been
preiicte the United sates per cen, loan am wh'GS VI @
per cent within three years and at l per cent suose
quently Instead Of defeating the resumption OF
the 2i 900 silver dollars which were coined IN s's
and circulated by means OF the silver certihcates
reduced the demand upon the Government for gold.
Hence the threat of disaster now Is without historic
foundation.
mints to silver the gold already in the Treas
ury will remain there, II common sense dictates
nj fhaf ha
exercises the option TO redeem United states notes
in silver. premium on gold will not occasion a
continuing TO serve portion of bank reserves
against bank liabilities. A premium on gold will
rate Of foreign exchange that is to say, by yield
ing a larger net return In dollars on the sale OF
bills Of exchange drawn against goods exported.
premium will tend to diminish our imports by in
creasing the cost Of bills of exchange with which
10 pay for goods imported. The tendency OF in
creasing exports and decreasing our imports
will be first. to set spndles running. swell the
thereby adding to the number and paying capacity
Of consumers. and thus enlarge our home market
perity In general as the result assured. The ten
dency OF increasing exports and decreasing our
ance Of trade for the United States A credit bal
ance Of trade means that Europe has become our
debtor and must settle with us In money Europes
silver money Is overvaued in her gold, compared
with ours, by from three to seven cents on the
dollar The European merchant or banker Will
therefore make his trade settlements with us in
gold more proftably by from to per cent than
settlements with the United States made in
gold, parity for our gold and silver monsy Is es-
the 37lX grains of pure silver in silver dollar
and the % q grains Of gold in our gold dollar be-
come OF exactly equal worth bullion in New
York.
Mr. ST. Johns assumption that the Convention
would prevail upon the patriots calling themselves
the Peoples party indorse Bryan and Sewall
was received with great applause. continuing for
nearly minute. The assertions that the threat
ened flow OF silver from the East had force. and
that the entire stock OF gold In the country would
ten or ffieen millions circulating the Pacific
Coast had already been retired, were greeted with
loud applau'e
APPROACHING THE OTHER CAMP
The mex, business in order. Chairman St John
announced, the appointment OF special com
mi,tees @. W Baker OF California, moved the
appointment 0. a committee consisting OF from
each State to meet similar committee from the
Populist committee take up the question OF dif-
ferences between the two parties for the purpose
OF coming 10 some rational agreement 20 the end
that the nomination OF Bryan and Sewall might
be ratified by the two ennons. Mr.. Olmstead
OF Oregon. speaking FOR the Popuists and one
the M moon. making the Suggestion hat each State
delegation select Its representative on the commit
gates ssf ?o from mSs Missouri aSd Virginia delegate
asked II any. on" knew that the Populists we're
ready 10 confer with the silver party. Mr.. Ohm
stead, speaking FOR the Popuists, again responded
tha, they were ready TO meet the silver men any
some desuiiory discussion ensued as to the pro-
prety OF the silver making the first advances.
Mr. Olmstead again addressed the Convention. stat
a He ii Two orSl % be o
forces for the campaign, The Popuiisis being the
i, would III become their dignity. he thought. for
them to take the hrsi steps
Ohio seconded the motion and urged that the
great end OF united and harmonious action be kept
A delegate from Illinois offered as a substitute
State delegation seec; member OF this conference
committee and that the Populist Convention be
% the s acSn %ia By a 5oy shs SIM
A delegate from Kansas. Mr.. Shinn. expressed the
silver convention to force them@e.yes upon the Popu-
lists There was really no difference between The
effect Of the motion upon the Popu.ist Convention
would be different from that intended by It's author
General Warner advocated first the appo ment Of
a small committee 10 advise the Populist Convention
OF the fact that the silver convention had been
that Convention that the silver convention appoint
full committee OF conference TO meet a similar COM
Mr. Foster, OF Missouri a member Of the commit
tee appointed by the National Committee last night
as rsut Of their Inquiries It was determined that
a more representative body should be appointed.
that the Conference Committee should be appointed
The previous question was ORDERED on the mo,i6n
the author of the original motion. and 1t was agreed
w. ENJOYS TO THE POPuLIsTs.
The roll OF States was called and the following
members of the Committee on Conference named:
Alabama II. Walker: California. G. W. Baker
Colorado p. c. Wheeler; Connecticut. j. Shelton
Illinois. W. J. Strong Indiana, Arson Wocost
Iowa, c. c. Cole Maryland. A. j. Wedderburn
Ma~sa chu>etts b. O. Flower: Michigan. s. Robin |
.on. Minnesota w ". Irwin: Missouri. ". T |
Foster; Montana c. G.. Bradshaw; Nebraska. G. e !
Brown Nevada, O. J. Mccarthy; New Jersey. J n |
New York. W =. ST. John. North |
carolina. g. r. Keete; North Dakota. W II. Stand !
ish; Ohio. J. A. Brown. Oregon. VI. s Olmstead;
J A. Wright: Tennessee Percy Ber- !
nard: Utah n. F. Bartne, Vermont J. Batele: /
Virginia J W. Porter. Washington. J; r. Mcbride:
West Virginia Isaac c. Ralfsinder; Wisconsin, j. f.
Thomas: Arizona. ". J. White Indian Territory. |
William Tell; District Of Columbia; J. d RHODES
on motion OF "A delegate OF Michigan. at the |
unanimous request OF the delegation from that |
state II ordered that hereafter the proceedings
Al s:2 p m on motion Of Mr. Cornell OF Colo