The daily morning journal and courier., 1896-06-25
EMPIRE STATE DEMOCRATS
ADOPT Il CONCILIATORYFIN FINANCIAL
 PLATFORM.

Opposed to Permanent Gold or Silver
 etalism-Bel in Sustaining
 Country's Credit-Throw Out a Sop to
 Silver Men, but Would Not at Present
 Declare for Unlimited Coinage of the
 White MetaI-Sympathy for Cubans-
 Shepardites Thrown Out of Convention.
 Saratoga, N. Y, June 24.-When the democratic convention assembled this afternoon the credentials committee re- ported that the sitting delegates from Kings, Queens and Richmond counties were entitled to their seats, and that Messrs. Merrtt,A nderson and Miller were entitled to seats as representing Wayne county. The report was adopt ed. The Shepardites then marched out of the hall amid a chorus of cheers mingled with misses. The temporary organization was made the permanent organization. Senator Hill from the committee on resolutions presented the platform as follows:
 It would be follow to ignore and inn possible to eXaggerate the gravity Of the condition under which this conven tion assemblies. Most of the other states of theunion have selected and commissioned their delegates to the na- tional democratic convention. By a move evidently concerted, but we be- lieve ill-advised and ill-considered in structions have been given to the dele gations of large number of states having for their aim and purpose the adoption of a new policy and new platform for the democratic party.
 No opportunity for fair and deliber- ate consideration of such policy and platform has been afforded the democ- racy of the state of New York. Upon such new matter thus proposed to be incorporated among the tenets of the party it becomes the duty of the dem ocrats of New York representing their people to speak in no equivocal terms.
 Gold and silver-the money of the constitution and of our fathers-each at parity with the other in purchas ing power-has been the platform of principles proclaimed by every national democratic convention which has thus adopted and reaffirmed in each declara- tion of party faith for a century the wisdom of Thomas Jefferson, who said: '"The monetary unit must stand on both metals
 The action of a republican congress and a republican president deprived silver of it's equality with gold of the money and currency of the nation. From this act (for which the democrat ic party was in no wise responsible) and from the action of other nations following in the same course, it has re- suited that silver has greatly declined in commercial value, and there now eX- ists wide Ndeparture of the two met als for the coinage standard of value bringing disturbance to the financial systems of European countries as well as to our own and awakening there, as h.$e, the earnest apprehension of statesmen and financiers. The restora- tion Of the equilibrium of the two met als thus disturbed is problem the so- lution of which is the greatest conse. quence to the prosperity of both this country and Europe. but is wholly be- yond our power without the cooperatio of other nationas. Such cooperation by the united efforts of statesmen and wage-earners here and elsewhere is believed to be near at hand and to be possible to secure by earnest and well directed effort
 Free coinange of silver by the United States alone can have no other effect than to change our present standard to one of silver-now a depreciated coin and to retard perhaps destroy forever the success of the movement going on throughout civilized countries for the restoration of free bimetallfc coinage in the principal hints of the world. The proposition to separate ourselves from the nations and adopt the monetary standard of Mexico and China does not comport with the pride and dignity of the state of New York or the United States. It should be resisted with the fervor of both partisanship and patriot ism by democrats everywhere, when the adoption of such course threatens as it does untold evils to our nations commerce and industry.
 For these reasons and with these con- victions the democrats of New York, in convention assembled make the follow ing declaration of their principles and appeal to the democrats of other states  these principles in the party platform to be adopted at Chicago.
 We are in favor of gold and silver as the standard money of the country. We are opposed as a permanent finan- cial policy to gold monometalism on the one hand or to silver monometal- ism on the other hand. The pledge contained in the repeal of the Sherman law, which repeating act was passed by democratic congress and approved by a democratic president should be faithfully carried out wherein it was declared that ''the efforts of the gov arnment should be steadily directed to the establishment of such a safe sys- tenn of bimetallism as will maintain at all times the equal power of every dol lar coined or issued by the United States in the markets and in the pay ment of debts.
 We believe that such bimetallism to which the nation is solemnly pledged can only be safely secured and perma- nently maintained through the concur rent action of the leading nations of the world Neither this country, nor any other country, independent and alone, is able to maintain it and it would be folly to attempt it. Being so convinced we are opposed to the free and unlimited coinage of silver in the absence of the cooperation of other great nations. We declare our belief