The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1896-06-25
HANDLED WITH GLOVES.
New York DemOerates Say to Silver
Brethren
COME LET US REASON ONE WITH
ANOTHER.
Silver Cannot Be Maintained at Parity
With Gold and Wickedness of Bepubli-
cans is to Blame For itall-Other Con-

oAVef cannot be maintained at HarTty
With Gold and Wickedness of Bepubli-
cans is to Blame For italI-Other Con-
ventIons.
Saratoga, June 24.-The Democratic
State convention was called to order at
12.20 and James Boyd Thatcher chosen
permanent chairman.
The roll was called and and after the
appointment of the usual committees a
recess was taken until 8 p. m.
number of contested cases were set
tied and the Shepherd delegation from
Brook lyn W as thrown out. The temper
ary organization was made permanent
Senator hull from the committee on
resolutions presented the platform, which
says, in part: The action of Republi-
can Congress and Republican President
deprived silver OF its equality with gold
for money, and the currency of the na-
tlon. From this aot( for which the DEM
ooratic par6ywas in no wise responsible.
Silver greatly declined in commercial
value, and there now exists a wide de-
parture of the two metals, from the coin
age standard of value. The restoration
of the equilibrium of the metals is a
problem, the solution of which is of the
greatest consequence, but wholly beyond
our power, without the cooperation of
other nations. The free coinage Of silver
by the United States alone, can have no
other effect than to change our present
standard to one of silver, now depre-
oiated coin, and retard, perhaps, destroy
forever the success of the movement for
the restoration of free bimetailio coinage
in the principal mints of the world. The
proposition to adopt the monetary stand
ard of Mexico and China does not COM
port with the pride and financial dignity
of the State of New York or the United
States. Therefor, we are in favor of gold
| and silver as the standard money of the
country: we are opposed as permanent
financial policy of gold monometallism
on the one hand, or silver monometallism
on the other. We believe such bimetallisIn
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, and being SO convinced, we are
opposed to the free and unlimited coin
age of silver in the abseHce of the Co
operation of other great nations. We de-
clare our belief that any attempt upOr
the part of the United States alone, tt
enter upon the experiment of free silver
coinage, would not only prove disastrous
to our finances, but would retard or en-
| tireIy prevent the establishment of inter
| national bimetallism. Until Internal
onal cooperation for bimetallism can bs
secured, to which end all our efforts as l
people should be, in good faith, directed
to the rigid maintenance of the presen
| gold standard, the redemption of ouI
public pledges, and keeping inyiolate
our country's honor, we insist that our
paper and silver currency be kept at par
with gold.
The Democratic party has ever, an(
still is, the hard money party, and it will
preserve that record. 1t is opposed to le.
gal tender paper money as q part of oul
permanent financial system. Unitet
States notes and treasury notes, being IL
fact debts of goyernm snt, should be grad
ualy paid off, retired and cancelled
This should and must be done in such
manner as to cause no contraction of tn
circulating money of the country.
The following delegates at large were
elected to the national convention: Davit
B. Hill, Roswell P. Flower, Edward
Murphy, Frederick r. Coudert.
| AT 4. 10 the convention adjourned sin
die.