Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-10
They Hear Reports from Various Parts
Of The Country.
An ADDRESS 10 THE PEOPLE.
international BimetalIiSm as a World
Possibility Is Dead"
A TIP FROM THE PRESIDENT.
what He IL TO Recommend to Con-
grcss With Respect TO the Cur
rcncy-IntcrchangeabiIity of Gold
and Greenbacks.

annual meeting OF the Executive Com
mIttee Of the National Sound Money
League was begun here to-day. There
were present President George +. Leigh
ton. 81. Louis: General Secretary +. V.
smolley, Henry Willard. Gustav II.
schwsb. J. Kennedy Tod, H. II. Robin
son. Edwin Burrit Smith. J. X. Cowen.
NJ L. Ingalls,. J. W. Norwood. w. c.
Cornwall, and Treasurer Il. b. Hepburn.
GeneTal-secretary smalley read a COM
municaton from NJ. c. George. vice.
president for oregon. who wrote that he
was with the league In all the great
questions relating TO the currency. ana
realized the necessity for aggressive
work. AS to the State OF oregon, in
many places the league would find II
honeycombed with financial ignorance
and error The light. he said should be
made to shine in all the dark places.
on motion Of Mr.. ingalls,. of Cincin-
natl. it was voted to appropriate $1,000
TO aid Mr.. George in spreading the light
in oregon.
j. X. Cowen, Of Baltimore, reported
that things were satisfactory in his ter
ritory. and added that Maryland did not
need any financial aid from the Ma
tional League.
J. Sterling Morton, vice-president of
the league for Nebraska, wrote as fol-
lows: "Mr. Bryan and his disciples are
actively engaged in the propaganda of
money fallacies. and they have united
in one conglomerate all the fanatics.
bigots and idiots in this section, for the
purpose Of uphOlding the free coinage
Of silver at the ratio OF 16 to l. 1t is
very painful 10 observe that this ag-
gregation may quite possibly make a
majority Of 1000 at the coming cleo
uon for candidates who represent all
that Is inimical and disastrous TO good
currency and sound government every
where"
ARKANSAS VS.. MAINE.
Judge Reese, vice-president of the
league for Arkansas. wrote: There is
no change in this State There is an
overwhelming majority for free silver
end Organism in every congressional
district"
Charles +. Libby, president Of the
league for Maine. wrote in part: 80 far
as Maine is concerned, / do not think
that the silver question will be an issue
I'm the congressional campaign next year"
James l.. Blair, of St. Louis. wrote:
"On the whole, l cannot say that feel
encouraged over the situation i'm Mis-
souri,"
William c. Cornwell. of Buffalo. re-
ported that as far as he could ascertain,
both in the eastern and western parts Of
the State. the fIee-silver sentiment was
actively dying out
Louis Il. Enrich of Colorado Springs,
reported that nothing but better times
can bring about a change in the free
silver sentiment in Colorado
"The only thing to affect the West"
he said. ''is better times, and / would
now suggest that the league come out
boldly and ask the President of the
United States TO proclaim the gold stand
ard as the money basis of the country"
President Leighton thought it highly
inexpedient for the league TO commit
itself on this point at the present time.
NJ. +. INGALLS'S VIEW.
NJ. Z. Ingalls,. of Cincinnati. said: The
result Of the recent campaign shows con-
clusively that the South will again dritt
back 10 the Democracy and free silver"
Continuing. he said that "the great
danger now is in the tendency to drift
into a new clearinghouse law. which 10
the country will be fraught with danger"
cago. il was resolved that a committee
be appointed TO receive and consider the
report Of the Monetary Commission, when
1t is made. and call a meeting of the
Executive Committee If ii is considered
Necessary that action be taken thereon.
committee, comprising President
Legation, Secretary Smalley, Gustav
Schwab. and w. c. Cornwall. was ap-
pointed to prepare declaration in re-
gard TO international bimetallism. TO the
effect that bimetallism is dead. and that
gold should be the standard of the coun-
try.
A recess was then taken.
Before reassembling the members of
the committee said that President Nc
Kinley had stated his intention Of recon-
mending in his next message TO Congress
the advisability of separating the issue
department of the Treasury from the
regular government expense accounts.
In other words. ii will be proposed to
hold the gold reserve as a redemption
fund for greenbacks, 10 make gold and
greenbacks interchangeable. IL was said
that President Mckinley had spoken free
~ on Monday with a prominent official
q the National League.
THE ADDRESS.
When the committee resumed .ts ses-
sion Louis Enrich. Of Colorado Springs,
lead the following address:
"Thc Executive Committee of the Ma
tional sound Money League. in behalf OF
its members throughout the United States,
issues the following address:
international bimetalism as a world
possibility is dead.
Let us recognize this. The Interua-
tlonal Bimetallc Commission. appointed
under the ST. Louis pledge Of the Repub-
lican party. have made strenuous efforts
on behalf of this policy. Those efforts
have proved futile. The commercial ne
cessties OF the world have demonstrated
that a dual standard is commercially un-
acceptable, and in the present stage of
civilization impossible
"The hour has come, II seems 60 US
when a national recognition OF this fact
IS necessary The situation demands a
definite clear, unequivocal declaration
that bimetallism is a dream OF the past
The United States must proclaim their
acceptance Of a worldwide fact and plant
themselves finally on the single gold
standard.
THE proclamation Of this monetary
position Will quicken our commerce, In
crease foreign investment. and make
permanent the prosperous conditions
which have begun TO manifest themselves
in our country.
we invite the friends Of sound money |
and all who would contribute 10 the we'll |
being and safety OF our commercial life |
10 Join in bringing about the unmistak-
able declaration that now and henceforth |
the monetary system of the United States !
shall rest on the single gold standard"
ffk, ..1.gt ,,,aa4fpU ~ the lIlguf will he |