The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-24
RINGING RESOLUTIONS
Against Silver Adopted by Building
Association League.

Association League.
PHILADELPHIA, July 23.-The sec
ond days session of the United States
league of Local Building and Loan
associations was opened today by an
ADDRESS on ''The American Homestead
association, the safeguard of American
finances" by Espy w. H. Williams. of
New Orleans, president of the I,ouisi-
ana State Homestead league He said
When the credit Of the United States
as nation can be grounded upon the
same principles that sustain the credit
OF the homestead association. there will
pe no longer any need to fear Wall
street and Lombard street; no need TO
dread the depletion of gold reserves
OF 10 trembie at the mercenary threat
or the foreign bondholders 1t was his
belief that the day was approaching
when this condition would be realized
When that time comes" he continued
the bonded debt of the United States
will be held, not by foreign capitalists.
but by the American citizen"
Inc interest in the afternoon session
centered in the work of the resolutions
committee. The financial plank was
what the delegates were waiting for
and when it was read the widest
cheering prevailed. The resolution is
as follows:
The United States League Of Local Build
ing ana Loan associations, in convention as
sembled, declare:
Ftrst-That 1t is the sense Of this meeting
that the interest of all shareholders Of build
ing and loan associations in the United States
demand that the present standard of values
upon which our monetary system has been
based since the resumption of specie paw
ments In 1873 shall remain unchanged and in
violated.
Second-That we believe that the interests of
every class in the community, and especially
Inose OF the great wage-earning class, i'm
pefatlVely demand that every dollar in circula-
uon, Whether coin or paper shall be equal in
value to every other.
Ihlrd-That patriotism demands that the
dollar bearing the mint mark of the limited
States shall be the equal of the dollar of tbe
most advanced nations and entitled to full
faith and credit all over the world; and TO
Inat end 1t must be maintained free from all
suspicion, debasement or reputation
When chairman Dexter had finished
reading the resolution and quiet had
been restored, T. r. Foster. of Vicks-
burg, Miss, said "The man that
wrote that plank looked on my hand
David c. Christie, of Omaha. said:
Il come from the same state as a pres
ldentlal nominee, but these are my SEN
timents."
The following officers were unani-
mOusly elected: President, M J. Brown
Philadelphia; first vice president, L. w.
oanporn. Galesburg, ILL.,; second vice
president, Col. William B. Bloom. Buff
falo; third vice president, T. B. Foster.
Vlcksburg, Miss; treasurer, George H.
Eddy, Jr., Fall River, Mass. secretary.
Herman f. Ceelarus, Dayton.
Ohio: assistant secretary, George
Forman, Newark, N j.; execu-
tive committee, julius Stern Illinois:
George W. Smith, Indiana; William E.
Dodsworth, Louisiana; David Eldrlge.
Massachusetts; Fred J. Maher, Missis-
Sippi; Thomas A. Friol< Nehra slra
Fred Bader, Ohio; Joseph HI. Pabst,
Pennsylvania; Seymour Dexter. New
York, and e. e. Read, Jr New Jersey.
Detroit was selected as the next place
OF meeting and the convention adj
journed.