Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-07-23
TWIN CONVENTIONS
.oovr,NuEp FROM FIRST PACED

'..,on. yudge Scott. OF Nebraska,
ciscuss,s an adjournment until tO-noI-
tnst.., ie A. NJ. There was no neSessis
70" "a az being IN a hurry IN thls MAJ
NJ. n, took the Republican conNen f,.n =
aset,it week In this city 20 n"l,s D 80, a q
wh'iS. and the Demociauc parry u
CleNe ,,' f.bics0o to get n divorce from
bin, Tnase said he was a member OF the
,.la-"'o,ttfee on Resolutions, a meeuhg ot
ssieh would be held to-nsn, 20 Hia sIn
Wiz s1s,ess upon which the party couid 80
81 seD' ec,,ntrv That could not be done
" -, ~ rnlnutes. IL would require time, ne
J" ~ Mi with tine, such an ADDRESS
sssscnia be prepared. He wanted the COM
,.i,,ee 10 write q new DECLARATION Oh In
aependence (Apolause,)
-'' RECESS TILL 4:So.
r.cess until 40 p. NJ. was finally
agreed 20, ana AT @-@-
..enflou dispersed.
Nssrhn tomrnittee on Resolutions enected
t,smnorary organization Immediately al
- ~ convention took a recess py 'iis
~ -, az General A. j. warner, OF
49, a. chairman. An adjournment was
III until o'clock tonight, at which TINE
nS.committee was 10 be appointed,
sharred with the duty OF preparing :"
pi T'be Committee on Permanent Organlza,-
tion agreed upon the New York tx, eH,o'' an
.r,narent chairman, and Congressman
qrovvne OF Minnesota. VINO poitcu
he National Republican ConVehtiyh aio, :,
WIN Teller and others as a,,, YEN
I,ne further organization OF the coh'e"'
49, ,vss completed as follows:
&c s.eecrciary-R. Il. Diffenderfer, OF PENN
R Realms clerk-Jen. Pollard, Of MIS-
souri. ~ Do,yd of Mis-
chairman Bradshaw. Of the commit
~. ~,as authorized TO secure the services
|of a minister TO serve as chaplain Vi ''0
EVENING SESSION.
Most of the delegates were IN thelr
rats promptly at i;5O, ana qulte ~ spi m
-, ~ visitors were in the galleries. a.
~ ocIock Chairman Newlands cropped
lis gavel. Mr. Williams, delega.,e ron ~
t@seka moved that "a committee OF
,t,ee he appointed to Invite the delegates
80 tho Popuiist convention 20 take seats
~ ~ Galleries for the afternoon, the
,l,o,,s, ,ii convention not being in session.
M notion was unanimously adopted.
s1,a Committee on Rules made It's re-
- recommending that the rules OF tne
,resent Congress be used IN conuuct.s
h. conventions business. me Coniinil-
W an Credentials reported no contests,
GA that any portion OF state delegati0h
sre,snt in The convention could cast the
fgu vote of the delegation. Inc report
WIS adopted The Committee on feI-
rnenent Organization reported the ON
80 named above, and the report was
accepted with cheers. ..,,s. Ar
IS, JOnn 10 the chair Mr. NeWianus u h-
rounced that Mr.. Towne would aoare .ss
fhe convention tomorrow. Inc uelesatys
. nneered delighted to know that the bust
80 ~ The convention was not 10 be
rusbed through. and final auJourhniel'
|reached Tonight. as had Deen ru!noi g.
Mr.. Newlands then ihlr ,o11on S Mr 81:
Holm prefaced his remarks by saying tn ai
: N had been intimated that ne Wouiu
g. asked 70 preside over the coilveh io Sa
H. had put his remarks In Writihsy SO
HAT what he had to say might be IN
shape in which he would not regret nav
|ng said 1t. (Cheers) ,s.,,uoo 10
He therefore asked the indulgeuce VI
NE convention while he read rather than
trusted to the eloquence Of oratory; a.
he outset Mr. ST. John captured the
telegates by interloping Stationery
khat ne should speak from a bankers
Etanduoint, and that II he were addressing
b gathering OF bankers ne "ouiu use nv
different terms.
MIR. ST. JOHNS REMARKS.
centie.nen of the Convention: The skill
md eficlency Of your labors In the past
[ave been rewarded by the adoption OF
Eour demand for legislation by two great
EXAMINATIONS Of the people-namely. the
Democracy and the Peoples party. II now
Eou are able TO induce a coalition or these
Cv,o organizations for the one purpose. the
esired achievement on behalf of the peo-
kssuning. then. that you will prevail
pon those patriots calling tne neTn;nation
III Bryan and Sewan, ii Is advisable 70
Warrant the desirability Of the end IN
n is among the first principles of finance
Ehat tho value OF each doliar, eNplsssse or
n prtces depends upon the total NUMBER
III dollars In circulation The plane OF
Erices Is high when the number or dollars
H. circulation IS great IN proportion 70 t,ie
humber OF things to be exchansed py
Lueans OF dollars, and low when the doi-
lars are proportionately few. The plane
bf prices al present, and for some time
bast. Is and has been ruinously low. Inc
Increase OF our population at about TWO
millions year. scattered over our I'M
changes. and thereby demands an increas-
Ink number Of dollars in circulation. Inc
increase In the number of dollars when
dollars are confined TO gold is not suffl-
klently rapid 10 meet the growth OF our
exehanges. The consequence rs growing
Saiue OK dollars, or diminishing value of
Everything else expressed In dollars, which
l. to say tendency toward constantly
Declining prices
CAUSE OF DEPRESSION.
The fountain head. of our prosperity has
run dry. Our farmers all over the country
have endured the depression In prices until
they get about ss'or 50 per acre for an ex-
Renditure Of $40 per acre. and the IKE:
Their credit is exhausted at their country
tOres. The country store ceases to order
IRON The city merchant, the city merchant
reduces his demand upon the manuiac-
|urer Manufactures are curtailed. me
consequences is that emplQyeea and all ele-
nerts OF labor are being discharged. and
wages are lowered to those who continue
l. employment. TIE suffering of the
eTners, who constitute nearly one half
Il our population. Is thus enforced upon
|he city merchant, the manufacturer, and
ill forms Of labor. These combined ele-
nents constitute the overwhelming ma
oriy OF voters. Their intelligent conclu-
lion Will be felt when expressed at the
POLLS
The banker also is without prosperity
Unless prosperity is general throughout
pc United States. He must learn to dis
inguish between cheap money and money
commanding "a low rate OF interest. The
loliar worth two bushels of wheat is
lear dollar, and yet Il commands an inte-
fest rate In Wall street at present Of but
per cent. per annum on call. II the dol
ar can be cheapened by increasing the
humher OF dollars. go that each dollar Will
ply less wheat, the increasing price OF
Wheat will increase the demand for dollars
y invest In It's productions. Then the bor-
fower u dollars TO invest In the produc-
lion O. wheat, being reasonably sure OF
T pfoft from that employment OF
lhe money can afford 10 pay
interest Tor its use as d part
pr his profit. In other words, interest Is
p share OF the profit on the employment
pr money. SO that abundant money.
money readily oOtainable, which Is 10
pay really cheap money, is the money
Rhlch commands a high rate OF interest,
p share Of the profit OF the borrower I'm
Using X,
EXPERIENCE OF MEXICO.
As we appeal 10 the country. In the
s<uce o. our cause, one or two points