Mexico weekly ledger., 1896-04-23

lithed by Jackson, the Democratic
party has been the party of bimetal-
lism, favoring the free coinage of both
silver and gold at the national mints,
and opposed to farming out to bank
ing corporations the Governments
sovereign power of issuing and con-
trolling the money of the people. The
act of 1878, demonetizing silver, was
surreptitiously passed, without the
approval or knowledge of the Ameri-
can people, and from the time when
the effects of this act in fastening upon
this country the single gold standard
were understood, the Democratic
party mas consistently ana persIsUentIy
urged that the grievous wrong be
righted.
The demonetization of silver result
ed in the steady appreciation of gold
and corresponding fall in the price
of commodities produced by the peo-
pie, heavy increase in the burden of
all debts, public and private, the en-
rlchment of the money lending class,
paralysis of industry and impoverish-
ment of the people and unexampled
distress in all gold standard countries.
Experience has shown that while un-
der the single gold standard there may
be an occasional revival of business
activity, accompanied by enhanced
advances of limited number of COM
modities, such revival is due to arti-
fetal and temporary causes, and can
not permanently alleviate the suffer-
ings due to falling of prices brought
about by the appreciation of the gold
and an inadequate supply of primary,
or redemption, money. Duty to the
people requires that the party of the
people continue the battle for bimet-
| allism until its efforts are crowned
with success. Therefore, be it
Resolred, That we demand the free
and unlimited coinage of silver and
gold into primary, or redemption
money at the ratio of 16 to /, without
waiting for the action or approval oi
any other Government.
Resolred, That we are irrevocably
opposed to the substitution for metal
lie money of a panic breeding, cor
poration, credit currency, based on
single metal, the supply of which is sc
limited that it can be cornered at any
time by few banking institutions il
Europe and America.
Resoioed, That we are opposed t,
the policy and practice of surrender
ing to the holders of the obligations o
the United States the option approved
by the law to the Governmet of re
deeming such obligation in eithe
silver coin or gold coin.
RerotUed, That we are opposed t,
the issuing of interest bearing bond
of the United States in time of peace
and especially are we opposed +
placing the Treasury of the Govern
, ment under the control of any syndi
: cate OF bankers and the issuance O
bonds to be sold by them at an enor
nous profit for the purpose of sup
!; plying the Federal Treasury wit
, gold to maintain the policy of mono
metallism.
8 Resolved, That the delegates electe
d. by this convention to represent tn
l Democracy of Missouri in the Nations
4 Democratic Convention, to be held i
7 Chicago, are hereby instructed to cas-
t their votes and use their influence
3 that convention in favor of the ador
] ton of the sentiment hereinabove ex
] pressed, and such delegates are here
I by further instructed to vote as a un
on all questions coming before sue
d National Convention; also to cast the
g votes and use their influence ID secul
n the nomination of candidates fC
: President and Vice. President who al
personally in accord with the mone
t tary system hereinabove advocated.
e No delegate or alternate elected b
y this convention shall have the powt
:, or authority to name any other persc
It as his proxy to act or to vote in b
II stead at such National Conventio
y but such delegates as shall attend sa
e convention and the alternates of sue
o delegates as shall attend, shall ha1
q the power, and they are hereby autho
q lied, to cast the full vote Of this Sta
10 in such convention.
Resolved, That we approve the a
l. ton of our Senators, Hons. F.
d CockrelI and George q. Vest, on Il
y financial question, and recomme'