Tazewell Republican. [volume] (Tazewell, Va.) 1892-1919, 1898-02-03
not the time for stoppingthis movement,

/
mittee, and cordially approved the plan
of currency reform submitted by the COM
mission, which is set out as follows:
THE PLAN.
"First-To remove, at once and for
ever, all doubts as to what the standard Of
value in the United States is and is to be.
"Second--To establish the credit of the
United States at the highest point among
the nations of the world.
"Third-To eliminate from our currency
system those features which reason and
experience show to be elements of weak.
ness and danger.
"Fourlh-To provide paper currency
convertible into gold and equal to it in
value at all times and places, on which,
with a volume adequate to the general and
usual needs of business, there shall be
combined a quality Of growth and elastic
ity through which it will adjust itself auto
matically and promptly to all variations OF
demand whether sudden or gradual and
which shall disburse itself throughout the
country as the want: of the different Sec
tons may require.
"FifIh-To so utilize the existing silver
dollars us TO maintain their parity with
gold without imposing undue burdens
upon the treasury.
"Sixth-To avoid any injurious contrac-
ton of the currency.
"Seventh-To avoid the issue of inter-
est-bearing bonds except in case Of I'M
looked for emergency but to confer the
power to issue bonds when necessary for
the preservation of the credit of the gov
eminent.
'Eight-To accomplish these ends by a
plan which would lead from our present
confused and uncertain situation by grad
ual and progressive steps without shock or
violent change, to monetary system
which will be thoroughly safe and good
and capable of growth to any extent that
the country may require.
STABLE SYSTEM.
"Arproving of the expressed purposes
of the commission and of its plan, we do
most earnestly and cordially commend 1t
to our fellow citizens as worthy of their
approval and adoption, and we urge upon
the Congress of the United States that
the principles embodied by the commits
sion in their report should be enacted
into law with the belief and expectation
that the effect would he to secure solid,
substantial, and stable financial system
that would rebound to the credit of the
country and insure a state of prosperity
that cannot be achieved unless there is a
system of finance, the integrity and adap-
tibllity of which cannot be questioned or
gain aid
"The time has now come when the pros.
poets Tor the establishment of the gold
standard upon a firm and enduring basis
are brsh.ening and encouraging. The
people want note currency which shall
be as good as gold. This movement pro-
poses to bring about that result.
"The people wanta volume of currency
adequate to the general and usual needs
of business, with quality of growth and
elasticity through which it will adjust it
self automatically and promptly to all
variations of demand, whether sudden or
gradual"
THE South AND WEST.
"The people of the Western and South
ern States wish tie issues so distributed
that the scarcity of currency will no longer
hamper and distress them in their bust
ness operations. A method is proposed
whereby their wants can be supplied and
their demands can be complied with.
1--WE appeal 10 them, we appeal to all
patriotic citizens to unite with us IN an
earnest and determined effort to secure
from Congress such legislation as will
wisely but surely eventuate in bringing
about sound financial methods and in
building up and establishing confidence,
security and safety in business transac-
tons and in the ownership and value of
property.
"That the Executive Committee be
continued with power and authority to
add to their number and to fill any va
cancy which may occur, and also with
power and authority to adopt such meas
ures for procuring the needed legislation
from Congress as they in their judgment
may deem advisable and expedient."
Mr.. Bullitt spoke at length in favor Of
the resolutions and as a gold Democrat
urged continued effort looking to cur
rency reform without regard to party ties.
The resolutions were discussed in five
minutes speeches by Rufus Bullock, At
lanta, Ga. General Simon Buckner, Ken
lucky: John Harsen Rhoades, New York;
William E. Dodge, New York; ex.Gover-
nor o. V. Coffin, Connecticut Judge
Crawford, Texas.
At . o'clock, after two hours of favor
able debate, the resolutions were unani-
mously adopted.
\ long resolution, prepared and sub
mitted by the Executive Committee, and
which was adopted by the convention, ex-
pressed hearty appreciation of the COM
missions report, and the propositions it
embodied.