The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-07
SAMPLE SILVER DECLARATION Is
OFFERED BY THE NATIONAL
BIMETALLIC UNION.
FOR A STRAIGHT 1e TO l.
GEN. WARNER, PRESIDENT OF THE
UNION, AUTHOR OF THE
PLANK.
BONDS AND TARIFF TOUCHED ON.
Union Has Decided to Support Any
Free silver Man Who May be
Named.

CHICAGO, July 6.-The National BIZ
metallic unioL, of which Gen. A. J.
Warner of Ohio, is president, met here
today and will continue III session un-
til the close of the convention. The
sentiment for Senator Teller was
strong, and after the meeting the MEM
bers present dispersed to visit the diff
ferent delegations. They declared it to
be the sense of the union, however, that
1t should support the nominee of the
convention, provided he was a silver
man nominated on silver platform.
Gen. Warner has proposed and will
submit financial plank to the commit
tee On resolutions. 1t follows:
''The paramount issue on which the
two great parties now go before the
people is between the single gold stand
ard, sustained by gold bonds, on the
one side, and the constitutional stand
ard of gold and silver, and no bonds
on the other. Silver as well as gold
has been money in all ages and down
to 1873 the two metals, CONFORMITY, con-
stituted the standard Of value for the
world. III the formation of our con-
stitution gold and silver conformity
were made the standard money of the
United States.
THE act Of 1873. overthrowing this
standard by demonetizing silver and
substituting in its place the single
standard Of gold, was devised in the
interest of a moneyed combination, for
eign in it's origin, and clandestinely i'm
posed upon our poole. 1t has resulted
in doubling the purchasing power of
gold and reducing by one-half the
prices Of the products Of labor thus
continually increasing the weight of
debts and taxes and diminishing the
power Of debtors to pay them, result
ing in interminable business assess
ments, failures and bankruptcies.
1T has robbed industry of its legiti-
mate profits, sacrificing the producer to
enrich the non-produeer 1t has imper-
illed business enterprises. paralvzed
the productive energies of the Ameri-
can people and forced vast numbers of
willing workers into idleness. 1t is
fast reducing the American farmers
from condition Of independent own
ership to that Of homeless tenantrv
While building up colossal fortunes in
our money centers, thus threatening
the very foundation of free Institutions
these conditions exist, but, on the con-
trary' tunes must grow worse, as gold
continues to increase in value and
prices continue to fall, as they must
under the single gold standard.
TO the continuance of this poIicv
advantageous to creditor nations. hui
fulnous to us, we are unalterahly on
posed and we declare for a distinc-
lively American policy for, Americans.
And to this end, we demand the i'm
mediate repeal of the Ubiquitous act
or 1873, and a return to the constitut-
lonal standard of gold and silver by
the restoration, by this government.
independent of any foreign power of
the unrestricted coinage of both gold
and silver into standard money at the
ratio Of sixteen Of silver to one of gold.
upon the terms of exact equality, ex-
listing prior to 1873; the silver coin to be
full legal tender equally
with gold coin for all debts and dies
public and private.
I'VE hold that the power to issue and
control a paper currency is INSOFAR
able from the power to coin money; and
demand that all currency intended to
circulate as money, should be issued
and controlled in it's volume by the
general government only, and should
be legal tender. We are opposed to
rency or to the contraction of the cur
rency In any form.
I'VE are opp osed to a permanent
national debt. We are opposed to the
issue of interest bearing bonds in time
of peace, or at any time, except by the
explicit authority of congress-; and we
especially condemn as unstatesmanlike
and unpatrtotic the policy of creating
an endless debt in the vain attempt to
maintain the gold standard by borrow
ing gold.
I'VE demand the payment of all coin
obligations of the United States in ac-
cordance with the laws under which
they were created, in either gold or
silver coin at the option of the govern
ment and not at the option of the
creditor. We affirm that revenues suf-
f1cient to meet the necessary expendi-
lures of government and gradually ex-
tinguish the national debt, should be
raised without borrowing
Customs duties have ever been our
chief source of revenue and such they
must continue to be. The protection
therefore afforded to American pro-
ducers should be extended to all in
dustries alike and not to few only;
and should be made to benefit labor
and not to foster monopolies and trusts;
but no tariffs can prevail to keep
prices under a gold standard
And now. knowing our cause to be
just, and believing it's right settlement
must precede all other reforms, we
appeal to the people of our common
country to hold in allegiance for the mo-
ment, all other issues, however import
ant they may appear, and unite in one
supreme effort to free themselves and
their children from the tyranous dom
ination of the money power, a power
more destructive than any other which
has ever fastened itself upon a civil
lied people,"