The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-06-16
THIS Is The MONEY PLANK.
IL Is Gold From op TO bottom Hut They
Lidu't Dare Say So OuIiigh

IL Is Gold From Op TO bottom Hut They
Lidn't Dare Say So Outright.
st. Louis, June 1.-THE money plank
of the platform has been agreed upon.
IL is victory for the Middle West, but
Is perfectly satisfactory to the ex-
treme East. The New England contin-
gent. headed by Senator Lodge OF Mas
sachusetts and backed by the Plat and
Quay forces In New York and Penn
sylvania, urged the adoption of a short,
emphatic declaration. and their plank
was finally formulated at the confer
ence held last night. The plank reads:
I'VE favor a maintenance Of the exist
ing gold standard and are opposed TO
the free coinage Of silver. except by
international agreement for bimetal-
lism with the leading commercial ma
tions Of the world"
This was to be the offer OF the East.
and upon II they were to stand. The
leaders In the Middle West states
Ohio, Indiana, Illinois. Wisconsin.
Minnesota and Nebraska were equally
strong In their insistence upon q dec
faration that would not be open to the
charge OF equivocation. Michigan.
Iowa and South Dakota, three OF these
tiers of states. stood out against a
declaration favoring the present gold
standard. They rather favored some
thing distinctly friendly to silver. while
affirming their opposition to free coin
age under existing circumstances.
The plank agreed upon by the Iowa
delegation this afternoon and which Is
understood to have the endorsement Of
Senator Allison. fully sets forth this
Idea. That plank was as follows:
I'VE favor the use of gold. silver
and paper as the money OF the United
States. all to be kept on a parity OF
value. and the enactment Of necessary
laws to accomplish the purpose. We
also favor the use of silver as interna-
tional money. either through an inter-
rational agreement to secure a common
ratio. with free coinage at such ratio
by the agreeing nations. or by concur
rent legislation OF the leading nations.
to accomplish the purpose. Pending
such an arrangement. which should
be promoted by the power Of the United
States. II Is unwise and inexpedient for
the United States alone to adopt free
coinage Of silver at the ratio Of l6 to /.
and therefore We oppose such free coin
age Of silver"
The leaders In the Middle West Of
fered the plank which follows and
which was submitted to Senator Lodge
and other eastern men to-day. as a
] substitute TO the plank prepared by
them yesterday, and II has been ac-
cepted by them as completely satisfac-
tory. This. is is believed. ends the long
fight over the financial plank. Senator
elect Foraker. who Is to be the chair
/ man OF the resolutions committee. will
present II to the committee. This Is
/ the resolution: THE republican party
In unreservedly for sound money. II
caused the enactment Of the law pro-
viding for the resumotion OF specie
payments In 1879: since then every dol
lar has been as good as gold. We are
unaiterably opposed to every measure
calculated to debase our currency OF
impair the credit Of our country. We
are. therefore. opposed TO the free and
unlimited coinage Of silver except by
international agreement, which we IA
vor. and until such agreement can be
obtained. the existing gold standard
should be preserved. We favor the use
OF silver as currency. but to the extent
only that its parity with gold can bt
maintained. and we favor all measures
designed to maintain lnviolable the
money Of the United States. whether
coin or paper. as the standard of tbs
most enlightened nations % the earth.