Press enter after choosing selection

Free Silver On Top

Free Silver On Top image
Parent Issue
Day
30
Month
November
Year
1894
Copyright
Public Domain
OCR Text

St. Louis, Nov. 29.- For free silver- as free as Representative Bryun wants it- ie the position taken by the Trans-Missiseippi eongress, and by a overwhelruing inftjorlty. After the adoption of resolutions favoring all the cautil schemcs, har lor scheraes aud other schemes that deletjatcs lm'c thelr hearts set upoii, Bryan brought ou the "what we are here for" by the presentation of the majority report of the resolutlons committee on the monoy questlon. The report resolved ''That ín direct opposition to the plan known as the Baltimore plan, the sense of this convention is that all is3ues of paper money Bhovikl be by the general government; that it is the sense of this convuntlon that th pending proposition for the rcformation of our paper currency is one that in oor judgment wovild créate additional and ptïrhaps insurinountable diffleultios to the return to bi-metallisui, and that we are opposed to the s;une. Free Insisted On. "That in any currency reform acted upon we dcmand that a constituent part thereof shall be the remonetizaCion of silver, or that it shall be of such a character as to be no impediment to our return to Wmetallism as it existed prior to 1873." The resolutions then go on make the well-known and after reiterated claims as to an appreciating ourrency being good for the rich and bad for thepoor; declare that "the spoliation consequent pon the outlawry ot silver ín tne interest of the creditor cluss, by constantly increasing the valué oí gold is undermining all industrial socioty" and "demund the íinmediats restoration of the free and 1111limited coinage of gold and silver at tho present ratio of 16 to 1 without waiting for tho aid or consent of any other nation on earth." What the Mlnortty Proposed. The minority reporb on this question wiis presented by E. O. Stannard. It regolved: "ïhat wc favor the use of silver in the coinage of this country to the fullest ex tent consistent with the inaintenanoo oí our present standard, and that we cordially approve the efforts of the governmenf of the United States to secure the co-operation of other nations in a more extended use of silver in international conimerce upon suoh ratio of valuo with gold as may be found expedient and effective and susceptible of being definitely maintained; but we deprécate the agitation for the free ooinage of silver by this country as a menace to the soundness of our cuirency and injurious to the public welfare." Synopsis of the Brief Debate. In his flfteen-minute address opening the debate txovernor Stanartl pleaded for the proteotion of the country from a depreciated currency as urgod by the majority. He knew, he said, thero was littlo chance of changing minds th:it had come here already made up and therefore he could only put himself and his associatoe on record as believing that it was bad policy to recommend to congress a policy that would bring into use a depreciated currency. Delégate Bryan, for the majority, yiolded a portion of his time to Delegates Johnsou, of Colorado, and Goodwin, of Utah, the latter editor of the Öalt Lake Tribune, who brieily c-eclared what thcy believed wero the unanimous wishes of their constituents. Delégate Hancock, of Texas, spoke for the minority report, being folio wed by General Weaver, of lowa, whoMi remarks wero devoted to a review and comparison of the circulation of lH0-65 and the present time as indloating a necd of a greater per capita circulation. Silvt-r Men In Full Control, Delégate Leighton pronouuced the resolution of the majority but an indorsement of silver monoiuetallism. Bryan then olosed the débate vvith a plea tor the independent action of the west "in favor of in honcst money." A vote was then taken on the substitntion of the mi uority for the majority report and it was lost-ZVSy, to The questiou then re curred on the adoption of the majority report. A división of the question was demanded and the eurreney portion wa adopted by a viva voce vote. Tlie silvei? eoinage portion was voted on by state roll cali and was adopted by a vote of 314} to B7JÍ___

Article

Subjects
Ann Arbor Argus
Old News