Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-06-16

nestle credits would be greatly cur
tailed. More than this there would
be a certain, and sudden contrac-
ton OF our currency by the expulsion OF
$500. OO0,0 of gold, and our paper and
ly depreciate>, IN purchasing power. But
one result would follow this; enterprise
would be further embarrassed. business
damoralizatio9S would be increased, ana
inflicted upon the laborers the farmers,
the merchandise and all those whose welfare
depends upon wholesome commerce.
"A change from the present stanaaIa 10
the low silver standard would cut down
the recompense of labor. reduce the vaiue
of the savings in savings banks ana build
ing and loan associations. salaries ana IN.
comes would shrink. pensions would be cut
into, the benefioiaries Of life insurance
would suffer; IN Short, the injury wouio De
so universal and <ar-reaching That q raui-
cal change can be contemplated only with
the gravest apprehension.
"A sound currency Is one OF the essen
tial instruments in developing our com
merce. 1t Is the purpose OF the repuuI
can party not only to develop our domesuc
trade, but to extend our commerce INTO tne
uttermost parts Of the earth. We should
not begin our contest for commercial su-
premacy- by destroying our currency stano-
ard. All the leading powers. WITH wni n;n. we
must compete suspended the free coinage
of silver when the increased ploouction
Of silver forced the commercial ratlo above
the coinage ratio to gold. Shall we ignore
what they have found utterly impossible!
Shall it be said that our standard Is peio"
theirs?
'You cannot build prosperity upon a
debased or huctuating currency; as wen
undertake to build upon the changing sands
Of the sea.
BENEFITS of Sound Money.
"A sound currency defrauds no one.
1t is good alike in the hands OF the en-
ploye and employer: the laborer and capl-
talist Upon faith in it's worth, its sta
bility. we go forward planning for the fu-
ture. The capitalist erects his factories
acquires his materials, employs MS artl-
sans. mechanics and laborers. He Is con-
fident that his margin will not be swept
away by fluctuations in the currency. The
laborer knows that the money earned by
his toll Is as honest as his labor, ana tnaI
1t Is Of unquestioned purchasing power
He likewise knows that 1t requires as much
labor to earn poor dollar as II does
good one: and he also knows that II poor
money Is abroad, it surely finds It's way
into his pocket.
ard of commercial honor. We stand
against the democratic attempt to DEGRADE
our currency tn the low Level OF Mexico
China, India and Japan. The present high
standard of our currency, our labor ana
our flag will be sacredly protected ana pre-
served by the republican party
There are many and important ques-
lions requiring the enlightened ana pa
triotic judgment Of the republican party
A pan-American commercial aillence was
conceived by James G. Blaine, and the
highest motives of self-interest require US
to accomplish what he had so well begun.
The Monroe doctrine must be firmly up
held; and the powers OF tho earth made to
respect this great but unwritten law.
There can be further territorial ag-
hry. frr ION
the western cortinent
Our devotion to the pensioners Of the
nation was never more emphatic nor more
necessary than now.
"The republican party believes in the de-
velopment Of our navy and merchant ma
rine until we establish our undisputed su-
premacy upon the high seas.
THE struggle for Cuban liberty enlists
the ardent sympathy Of the republican
party-a party which has given to liberty
Its fullest meaning on this continent We
wish TO see a new republic born on Cuban
soil greet the new century, whose dawn Is
already purpling the east
MY friends the campaign OF 1896 Is
upon US. The great questions for debate
in the august forum Of the United States
are free trade and free silver against a
protective tariff and sound money. AS we
regard our homes and our honor, our hap
piness and prosperity, and the future power
and majesty Of the republic, let US dedicate
ourselves to the restoration of a protec-
tive tariff whie y shall be genuinely Ameri-
can and to the maintenance Of the purest
standard Of value with which to measure
the exchanges eofTthe people
"a distinguished republican has said that
the supreme desire Of, the American people
is for an honest e.urfeney and a chance to
earn 1t by honest TOLL "a"
AdJourIment UntiI Morning.
At the close of Fairbanks speech Chair
man Carter announced the subordinate Off
Gals of the convention as selected by the
| national committee. They were elected.
Mr. Fairbanks then assumed the gavel
and the real work Of the convention was
heartily cheered.
After Fairbanks another announcement
| by Carter. This was the announcement Of
| the officers selected by the national COM
mittee for the convention secretary. ser
seant-at-arms and the others. Then arose
| a tall, thin gentleman VIM. Lamb Of Viz
ginia Norfolk wheelhorse with a revo-
rules of the last convention to govern this,
| pending further action. and for, the roll
| call of states, in response to which the
various state chairmen were to announce
| the selections by their delegates. In the
| far left corner arose portly sfde-whis-
kered cclored man, waving an arm sky
| ward to attract the chairman's' eye.
The gentleman from North Caro'ina'
shouted Chairman Carter.
From acknowledgement" shouted
| the delegate. He had merely risen to COM
| plain that in his corner he could not hear.
| When Webster Franagan's name was
| called many delegates asked What are we
| here for?" quoting Flanagans famous re-
mark.
Announcements of committee meetings
were shouted from the platform.
Powell Clayton of Arkansas offered a
| resolution and asked that it be read. but
Chairman Carter said it could only be done
| by unanimous consent, and Grosvenor OBJ
jected.
At 80 Grosvenor moved that the con-
| vention adjourn until tomorrow morning at
| 10 O'Clock. Tho motion was carried, and
| there was a confused rush FOR the en-
! frances, while the band struck up waltz.
CONVENTION SCENES.
| 1t Was a DecOrOus and Rather Cold
| Audience.