The representative. [volume] (St. Paul, Minn.) 1893-1901, 1897-11-10
SINGLE STANDARD
Bimetallism is Dead, Say the
Sound Money Leaders-Na-
tional League Commit
tee Discusses the
Outlook.

NEW YORK, Nov. 9.-The semi-annual
meeting of the executive committee of the
National Sound Money League was begun
here today. There were present President
George E. Leighton, ST. Louis; General
Secretary E. V. Smalley, Henry Willard,
Gustav H. Schwab J. Kennery Tod, H.
Robinson Edwin Burrt Smith, J. X. CoWen,
NJ E. ingalls,, }. w. Norwood, w. c.
Cornwell and. Treasurer A. b. Hepburn.
General Secretary Smalley, in his report Of
the work of the league, said that there was
lodged to its credit in bank of Chicago
a balance of $1,000 over and above all ex-
penditures.
Treasurer Hepburn reported that the
total amount in bank up to the present
to the credit of the league was $1O,3 1863. A
donation Of $500 to the Indianapolis MOne-
tary League was granted without dissent.
Secretary Smailey read a communication
received from NJ &. George. vice-president
for Oregon, who wrote that he was with
the league in all the great questions re-
latlng to the currency, and realized the
necessity for aggressive work. AS to the
state, In many places the league would
find it honeycombed with financial ignor-
ance and error. On motion of Mr.. Ingalls,,
1t was voted to Appropriate $1,000 to aid
Mr.. George in Oregon. J. Sterling Morton
vice-president for Nebraska, wrote:
j. STERLING HEARD FROM
Mr.. Bryan and his disciples are actively
engaged in the propagation of money fall
lacies. They have united in one con-
glomerate all the fanatics, bigots and idiots
IN this state for the purpose of unfolding
the free coinage of silver at ratio Of
l6 to l. 1t is very painful to observe that
this aggregation may quite possibly make
majority of 10000 at the coming election
for candidates who represent all that is
1nlm1cal and disastrous to agriculture, and
in fact to sound government everywhere"
Judge w. NJ. Reese, vce-president of the
league for Arkansas, wrote: There is no
change In this state. There is an over
whelming majority for free silver and Bry-
anism in every congressional district"
James T. Blair, of st. Louis wrote: ION
the whole cannot say that l feel encour-
aged over the situation in Missouri. l full
ly recognize that the strength of the sill
yer Democracy in this state is wholly due
to lack of education on that subject, and
see no means at hand whereby they can
be sufficiently informed before the next
election to materially reduce the + num-
bers.'' -a--.~
William c. Cornwell, of Buffalo, reported
that as far as he could ascertain both
in the eastern and western parts Of the
state, the free silver sentiment was ac-
tually dying out.
Louis r. Enrich, Of Colorado, reported
that nothing but better times can bring
about a change in the free silver sentiment
Of Colorado.
THE only thing to affect the West" he
said, lis better times, and l would now
suggest that the league come out boldly
and ask the president Of the United States
to proclaim the gold standard as the
money basis of the United States"
President Leighton thought it highly in
expedient for the league to commit itself
on this point at the present time.
M. F. ingalls,, Of Cincinnati, said: THE
result of the recent campaign shows con-
clusively that the south will again drift
back to the Democracy and free silver"
Continuing, he said that 1.-The great dam
ger now is in tendency tC drift into
new banking business law, which to the
country will be fraught with danger"
On motion of II. p. Robinson, of Chi
cago, it was resolved that a committee be
appointed to receive and consider the re-
port of the monetary commission when it
is made and to call meeting of the ex-
ecutive committee. if 1t is considered nee
essary that action be taken thereon.
A committee, comprising Of Louis r.
Enrich, Mr.. Leighton, Secretary Smalley,
Gustav H. Schwab and William G. Corn
well, was appointed to prepare declara-
ton on International bimetalism to the eff
feet that bimetallism is dead and that gold
should be the standard Of the country. A
recess was then taken.
Before reassembling the members of the
committee stated that President Mckin-
ley had stated his intention of recon-
mending in his next message to congress,
luC duNlSdUilty VI dliHS tHc 1SSuc ue.
partment Of the treasury from the regular
government expense accounts.
In O.her words 1t will be proposed to
hold the gold reserve as a redemption fund
for greenDdcks, to make the gold and
greenbacks interchangeable. 1t was said
that President Mckinley had spoken freely
on Monday with a prominent official Of
the national sound money league on this
question.
When the committee resumed it's session
Louis r. Enrich, OF Colorado, as chairman
of one of the subcommittee, read the
following address:
AN ADDRESS ISSUED.
''The executive committee of the Nation
al Sound Money League, in behalf OF its
members throughout the United States, is.
sues the following address:
Int. national bimetallism as world
possibility is dead.
LET us recognize this. The International
bimetallic commission appointed under the
st. Louis pledge OF the Republican party,
ha ye made strenuous efforts on behalf Of
this policy. Those efforts have proved tu-
tile The commercial necessities OF the
world nave demonstrated that dual
standard is commercially unacceptable
and, in the present stage of. civilization Is
impossible
1.-The hour has come, it seems to u.s. when
:. national recognition Of this fact is neces-
sary.
He SltCdtioh dSAhahNS q uShhlc, CiCdI,
unequivocal declaration that international
bi.netalllsIn IS a dream Of the past. The
United States must proclaim their accept
ance of the world fact and plant them
selves finally on the single gold standard.
THE proclamation Of this monetary posi-
ton will quicken our commerce, increase
TO. eiPn investments. and make permanent
ana prosperous conditions which have be-
gun to manifest themselves in our country
I'VE invite the friends of sound money
and all who would contribute to the well
being and safety Of commercial life
to join in bringing about the unmistakable
eclardtion that now and henceforth the
monetary system Of he United States shall
rest on the single gold standard"
Tie next meeting of the league will be
held in Washington during January, 1898.