Show SILVER i T N na E el T allen allea W thurmal ol of ohio omen chosen per canent SENATOR JOHN SCORED there is ii no politics allowed to ie be inma in the convention and harmony prevails the nat national lonal convention of the Arpe american rican metallic bimetallic bi ili league met tuesday morning Z in chicago it was the largest assembly of a like character in ii i the history of financial finar cial agitation avI D tation ilic features of many scarred 4 veterans of financial agitation ait a 0 it a were visible in the li etero c assembly general A J 11 varner arner of ohio president pres ident of the metallic bimetallic bi league congressman 0 bartine of nevada congressman al J bryin bryan of nebraska governor of colorado senator of nevada senators mao mail tell of montana and shoup of f idalio idaho and T M patterson of colorado Go governor vernar koll kolb populist ie lder ider of alabama editor edito r goodwin of salt lake herman ella cha of tile the executive cornin ee of the lie peoples party part and e ito aitor dubois of idaho were conspicuous among among c thoe present when ch irman ava warnar of tile the bi metal lie lic lea league ue called tile the convention to order many of 0 the delegates were obliged 0 to stand in the aisle on oil account of the s of the hall ch cb brinan aman 11 warner arner opened the proceedings ce 0 s by introducing mayor ca ter II 11 harrison of chicago who welcomed Trel coined the delegates delegat ci to the it I 1 welcome you warmly said mayor Harr harrison because I 1 believe you have the good of the country at heart some of you may be wild as it is said that you are silver lunatics I 1 look down upon you and am rather glad to welcome such lun ties it is crazy men that march the world forward forwar dand and make progress C a possibility they say that though 0 you believe in birne bime bi rne me tallish you are crazy if the action of 1873 1 should lie be blotted from the annals of american political action I 1 believe that silver would be worth cents an ounce be wise in your deliberations but be fearless con congress n ress is about to meet give the benefit of your deliberations libe rations L to congress and tell grover cleveland what the people ot the united states want lion thomas patterson Pal terson chairman of the colorado delegation r responded to the mayor chairman warner of the bime bi me callic league then delivered his opening op nin 0 address the most extraordinary tra condition of affairs said kaid lie he mets the assembling aste nibling of anio convention the earth is yielding 0 her fruits in unusual abundance and rich harvests are being beiter 0 gathered under favorable skies and yet yc t never liever before in the li listort of the country has haa there been such inch widespread fear and distress is never before such loss of confidence and destruction of credit industries are everywhere breaking down and laborers by tons of thou thousands thrown workless in tile streets r with ith want staring r them thein i in n the face scores of banks are driven to suspension pen bion there has been ash asarin age ac of a bundled millions in tile the value of blocks and other property to attribute all this hiis condition to the silver purchase law I 1 is s abord under this law kince 1800 4 lias has been added to our currency does docs anybody believe that the r of tilis this TI makes money scarce and dear th real object le lesion lemil mil of the situa tion is very cry diamen nl t from that I 1 which the gold eon conspirators pira tors intend it enables us to see the beginning of the shrinkage in prices price 3 that buet takey false place lace in order to go to a a purely gold bakis bai iii tito trouble is in in th the change za in the ii money ioney standard the value of money may be doubled either by doubling the wei weights lits of standard coin and by destroying half of the metal out of which coins coina aro are made the establishment lish ment of a single gold standard i it is t the equivalent of putting the value of two dollars into one itis it ia putting property down one half this is what is going goin on to do this and still lie the same number of dollars in in paymer payment it of debts and taxes is the sanction of the spoliation of one class by bv the other ife he characterized the silver act of 1873 as a crime and said lie he was willing to have the acts of 1890 1800 repealed if the other sherman let law of 1873 can call be repealed by by the same bill let both the sherman laws go torether together and place the cou country n back U upon on the constitution and the law is blood before 1873 11 A committee on credentials was then appointed consisting of one member from each state and a committee consisting of lyon of colorado chairman reagan keagan of texas stark of ohio washburne of massachusetts s and fullenwider of illinois were appointed on permanent organization also a committee juittle consisting of the delegation irom from each cacti represented on rules and order of business the convention then adjourned till the afternoon service was wag held in central music hall auditorium which is capable of seating over 3 1 people with comfort the committee on permanent organization reported for permanent chairman allen alien W 11 thurman of ohio fur for secretary joseph hutchinson 0 of colorado with two assistants also that a vice president lie be appointed from each cadi state selection to bc ba made by bv each state slate dc delegation legation when it was suggested 7 that the roll be called for t the lie appointment of a committee on resolutions C S thomas of colorado urged that each state name three members of this committee one from each of three parties paul vandervoort of nebraska objected lie ile hoped lie he said that tha t party differences would not be reco recognized nihed in this convention mr fletcher of colorado said that when the convention adjourned it would be char charged ed that it was gasun un berthe dominatto domi domination natio n of one of the three great parties it son soil that chloi colorado baijo 5 tion thou thought ht it wise wis to abw J 0 one ne com mitt ceman fiona each part vandervoort Yan still objected and was sustained by b many others we are not here said lie referring to tile the populist dele delegates oa tes to form a new party or to forma form a party on the single eingle CD i isue issue sue and if that is ia the object or purpose of this convention there will be a good many vacant seats I 1 ex x senator R reagan 7 of Texas was called to the stage and said in par part we are here for the purpose of trying to relieve the country froni from its ceib and place it on a footing of prosperity we ve are arc here as bi response to any distinction of political parties the moment we introduce a liar partisan aisan question into this convention we throw before it matter which will cause strife and impair its work I 1 appeal to the convention to go on with its duty and declare its purpose 7 of restoring to this country 6 gold oli and silver c coinage coinage as it existed before 1873 1 and restore the prosperity of the country and afterwards v a ads dalre care of party affiliations ions the sense of the convention was so overwhelmingly with re regan an that thomas withdrew his moti motion fol the committee was then appointed after which permanent chairman thurman spoke as follows should the sherman law be repealed without any substitute in lieu thereof it means the final destruction truc tion of silver money as a neasure measure of value the issue reso resolves I 1 ves itself itsel f down to the question in whether tho the paper money of the country is to bo be issued by banking corporations upon the debts of tile the people or other kinds of corporate securities or whether it is to rest upon a broad and eafe basis of gold and silver GOJ alone certainly cannot afford a suf sufficient frici ent basis upon chich the amount of circulating medium required by the people ol of this country can safely safe rest if this is not so why is it that whenever any considerable amount of gold begins to flow from one country to another in obedience to the natural laws of trade that we immediately hear cries of distress if things are as they should be why is there any danger because a certain amount of metallic money money leaves the country the condition of things existing today shows that if our circulating medium is to rest upon gold alone practically the whole of it will be based on faith II 11 and faith me means ans f flat money 1 I am against an irredeemable currency in every way but if it is to be decreed th eliat a t IT we c in must hare fiat money thet then i I 1 favor its being issued by the government and not by individuals because I 1 have more faith in all the people than in any particular class of people but there is no need of nat fiat money moncy for while it is true there is nota not a s sufficient u amount of gold yet there is enouf enough real mone guld 0 and silver upon which our currency can safely rest and if the people of this cou country are only true to the principles ei ales of hard money taught them b by their father fat heri those who seek now to i issue asue fiat money will be doomed to disappointment for when the people of 01 this country come to realize fully the he import of thi this de demand n and to destroy silver they will in no uncertain sounds let these thes c people knon they anre for hard bard money moncy against paper money still till when the people of this cor country awake to the fact that there is being 0 lade made it a sy systematic ste matic attempt to force them to I 1 pay mi the obligations P of this government in gold alone when they have always had the right ri lit to pay them in gold old or silve I 1 that contracts they made with their creditors are to be violated I 1 for one have not the slightest doubt where they will stand mr thurman continuing said tile the question with the banking ankina corporations is rapidly re bolvin ra itself into a r ground ho hog case no bonds no ba banks aks the lbanks banks knowing the people would insist on ample circulating medium would demand in case the sherman act aas was crepea repealed led that the government issue issue bonds upon which the banks ray may issue notes to supply the deficiency bency brought 0 about by ceasing t to issue coin certificates under the sherman act tho the banks aithus bs be enabled to gerpe perpetual perpetu tua item which has been enor mii bafit able to them in the pa it mr thurman refer refe it the catch penny phrase x ily used in high places of ia nd an fn orvand S a i nou alir U to 1 used in Clev elands 11 in mes es f i n gress tie ile wanted I 1 the 1 S f the united states to tel t I 1 e of the country and 1 I i of anress congress 0 what he meansie means i d anil stable curre currency llev I 1 d the president to tell teli the people cople why y lie thinks gold old alone wi nill n ill 11 m make ke that sir mr thurman then asked to 0 o present one that might be considered with others that come before the convention it is first let our adversaries a aree agree ree to the fre free e coin coinage of silver at a ratio of 15 or 0 16 to I 1 I 1 prefer the former if they do we will agree 0 to the unconditional repeal of the sherman law next ameni amend the national banking bankin r laws so as to permit any any national bank to issue notes up to the face value of per cent upon a deposit of 90 per cent with the united states treasury either in united states gold old or silver coin other than subsidiary sub 0 silver and further amend by repealing the tax on national bank circulation if a bank should fail there would be for the redemption of its notes the 90 per cent of gold old or silver coin for the other 10 per cent tile bills receivable of tho the bank would be available and under the present system it would be an utter impossibility lity for a bank to fail and the whole of its bills receivable be worthless the committee on oil credentials showed forty two states and terri torries represented and delegates entitled to seats the report of the committee on rules provides that all discus discussions zions be confined to the subject of orbi bimetallism bi and no delegate be allowed to speak more than five minutes on the same subject T V powderly general master workman ot the knights of labor addres addressed Fed the convention briefly twenty five thousand L knights of labor said lie stand today on the verge of ruin in ili our western states are already idle and have bave advised me to lo come here and say th that it the west is in danger fr from oni those who wow would demonetize mon silver and drive it from the country baingan being an american I 1 believe we are capable of managing in t our own affairs honoring Ilo noring the fla flag 6 and institutions of our country I 1 believe we should be able to manage our own country free from any dictation beyond the water when we stand hero here listening to a voice from commanding us to close our ears and listen only to those advocating a gold standard we nye are listening to 1 a voice that comes from across tile the seas pens great applause let our deliberations be calm and deliberate I 1 however for if evert ever there here was a time in the history of america when cool calm deliberation was I 1 necessary ry that hour is at land hand I 1 have I 1 lave been asked how hon the knights of t ill Ls question and my rill f stand as a unit on it no section ant v th bights of T mill r al a ratio od e to 6 bremen daous earing jail ta 1 k Q doi is then calle upon and spoke or a half hour lie spoke of the great Euro european con conspiracy Ill iracy against silver aided by co in america this silver question is but an incident in in iii the great struggle covering in the world tho the battle of a plu plutocracy toracy against the people peo ale but mankind cannot be destroyed to please an oligarchy 0 of barckers barl bankers kers the people have arisen an and d by their voices and ballots wi will I 1 bo be heard ile he asked all who bel believed eved that john sherman had done in more ore good a go oi than harm to hold up their hands not a hand band went up lie ile then asked abc d for all who believed that sherman had done more harm harm than war and pestilence to hold up their hands and nearly every land hand in the hall went up |