Omaha daily bee., 1896-11-12
FARMERS VOTE DOWN SILVER
Congress at indianapolis in Favor Of In
ternational Bimetallism.
GENERAL ROY STONES PROPOSITION
Presents Plan which He Thinks
VIII Increase the volume of
standard Money Among the
.. Commercial Nations.

National congress at its session today by
resolution requested eX-President Harrison
to address the meeting. The president. re-
ferring to a bill pending in the United States
senate providing for an Industrial commits
son said that action should be taken by the
farmers looking to the appointment OF one
or perhaps two active members OF the FIVE
members OF the commission from the mem
bership OF this congress.
The session was largely devoted to reso-
lutions and they were referred to the com
mittee on resolutions as follows:
Suggesting S. w. Allerton of Illinois for
secretary of agriculture.
Requesting congress OF the United States
10 appoint a corps OF civil engineers TO
examine and report as to the practicable
ity Of constructing ship canal connect
Ing the Atlantic with the Great Lakes by
way Of the rivers and Gulf of Mexico.
That II is the sense of this congress that
women should be given the right of suf-
That the congress OF the United States
should take active measures to restrict
undesirable immigration, dIscountenance
class legislation and discourage sectional
ism.
w. II. Hoffman OF Illinois introduced
resolution to the effect that:
Inasmuch as the supreme court of the
United States had decided that the tax on
incomes is unconstitutional; and
Whereas. The farmers income includes
all the products Of the farm. all farm prod
ncts should be exempt from assessment or
taxation.
Mr. stahl OF Illinois:
Whereas. Trusts are annually robblng the
American people Of millions OF dollars;
Resolved. That this congress demands
nat the laws against trusts he enforced
strengthened
The committee on locating the next meet
Ing OF the congress reported in favor OF st.
Paul, Mimi, and suggested that 1t be held
at least two months earlier In the year than
the present congress.
a resolution was also offered and referred
favorlng the initiative and referendum; also
a graded land tax.
REJECT SILVER RESOLUTION.
J. Adam Bede OF St Paul said he was a
democrat but he knew that silver could
only be mined by the wealthy by great cor
porat!ons and that they alone could get any
profit out of II. resolution with decided
silver ring, introduced by Mr.. Offutt OF In
diana, was substituted by the following reso-
lutions by the committee on resolutions and
adopted against the warm protest OF Mr..
Offutt:
Whereas, It Is the general con
Of the " United i"' States that gold gold
and silver on Just parity OF value
should be equally money OF ultimate re-
,icmptlon without limit, In which this Farm
ers' National congress Concurs but differ
ences OF opinion exist to the methods by
which this policy can be secured: and
Whereas The recent election resulted In
favor of bimetallism by agreement of COM
mercial nations; therefore,
Resolved, That the Farmers National
congress urgently requests the incoming
administration of the national government
to speedily adopt all practicable methods
to obtain the concurrence of sufficient
number OF nations to secure international
bimetallism with the unlimited coinage OF
gold and silver as equally money OF ulti-
mate redemption and thereby to restore
bimetallic prices for the worlds commerce.
Mr.. Lawrence, chairman of the committee
said the members OF the committee. with one
exception were of the opinion that the res
olutions expressed the opinion of vast ma
1orty OF the people OF the United States and
that the substitute was a proper one
The afternoon session Of the congress was
Geyoted to the reading Of papers of interest
to the agrlculturlsts. One paper on good
roads and the benefit derived from them
was read by Otto Dorner OF Wisconsin. a
member OF the executive board OF the
League of American Wheelmen.
ROY STONES PROPOSAL.
General Roy Stone OF the Department OF
Agriculture read a paper entitled: THE
Pattle is over; Shall the War Go On?" This
paper dealt with the issues OF the recent
election. Speaking OF the free silver forces
he said 1t was not in human nature that
party which had made such headway in
Its first fight should be willing to accept
one defeat as final. General Stone main
tanned, therefore, that to avoid even more
bitter contests in the future. some inter
national plan should be taken to provide |
new, natural and growing use for silver" |
General Stone submitted the following prof. |
ect for international silver monev:
l. An international mint be opened under
the auspices and management of the gov |
crnmCnts of the chief commercial coun-
tries of the world.
silver International coins, which may
be known as globe dollars" and frac-
ticns thereof, bearing their denominations
In shillings. francs, etc, on the one side. |
and an International symbol with the |
names OF the United States on the other, |
to be coined and freely issued in exchange
bullion lena. at the market price,
3 Heavy bars or blocks of silver to be |
numbered and stamped with their fun in |
tornational coinage value for use in bank
reserves or for export or domestic trans |
4 Certificates TO be issued on deposit of
silver bullion at the market value or of
3. The international coins. bars. blocks |
and certificates to be receivable for public |
dues and to he eNChluGCab.e for gold at !
tne central mint and at Its agencies in |
all countries Of the union.
issue OF certificates for bullion to he placed |
IN reserve fund invested In stable gov
srnment ,IIiI securities to secure the parity
securities to be added to the fund.
"a The coinage, stampaEe or issue OF GER
mand for exchange into gold indicates !
redundancy OF either
s. The mint and fund TO be managed by !
n commission consisting OF representatives. |
nominated by the governments joining the |
union, one from each country bHt ali mat |
ters OF general policy to be determined |
by n majority In interest. as well as by "A |
majority in numbers: the interest OF each |
nation being determined at first by the
value or Its external commerce and later
by the amount OF International currency
actually taken by its citizens.
'If" he said In conclusion. "a secured in
ternatlonal currency can be successfully es-
tabished 1t may serve all the public pur
poses OF bmetallism better than the bimetal
lism itself and without any OF its risks.
II makes no sudden and extreme demand
upon the confidence OF capital. II will not
unduly stimulate the production OF silver
II will broaden the metallic base OF tho
worlds currency and. while II viii not az
once restore par Of exchange between gold |
and silver countries, 1t will give stability To |
business by steady approach thereto II
will take the whole subject out OF the realms |
OF doubt and controversy and give a season
OF financial peace TO the commercial world
II may even give political peace to the
Americ IN union"
= Or Satello, representing the republic OF
Venezuela, made brief address, in which
he said that Venezuela Is with America and
expressed true fidelity TO the interests OF
.he United States. Three hearty cheers we're
given Tor Venezuela and the sister repub-
lies OF Panamerlca at the conclusion OF the
address.
NnOlu 81