The San Francisco Call. Newspaper, May 18, 1895, Page 3

THE SAN FRANCISCO CALL, SAT’U’B«DAY, MAY 18, 1895. 3 BI-METALLIC UNION. That Is the Name Under Which Silver Men Unite. WORKING IN THE WEST. Vigorous Objections to the Term “Honest Money” Are Made. ORGANIZATION IS THE ORDER. Plans for the Formation of Leagues in the States and Terri- tories. SALT LAKE. Uran; May 17.—On the opening of the silver conference this morn- ing Chairman Thompson appointed the following delegates to the Bimetallic League of the South and Southern States, to be held in Memphis, June 11 and 12: Ex-Governor Bradford Prince, New Mex- ico; Hon. F. E. Sargent, Butte, Mont.; ex-Goyernor Alva Adams, Denver, Colo.; Hon. C. M. Donaldson, Oregon; Hon. H. ‘W. Laugenour, Woodland, Cal. Congratulations were received from Vir- ginia City, Nev., and a commendation of Governor Prince’s silver speech before the "Frans-Mississippi. Congress was made by ‘Walter C. Hadley, president of the Bi- metallic Association of the Southwest. Chairman Merrill of Montana, from the committee on'plan of action, reported the following: Resolved, That an organization be created to be- called the -Honest Money Educational Union. Second—TIts object shall be to inculeate the principles of bimetsllism and. the restoration of the free coinage of silver at the ratio of 16 to 1:by the circulation-of documents, the hold- ing of meetings and ‘other appropriaté means. Third—The union. shall have an executive committee, consisting of one member from: each of the eleven States and Territories, in- vited to this conference, which shall have charge of its work. Three members shall con- stitute a quorum of this committee. Fourth~Other States and Territories can be- come connected with the union by the vote of & majority of all the members of the executive committee and shall thereafter be entitled to representation in the executive committee. Fifth—In every State and Territory con- nected with this union there shall be a State or Territorial committee, consisting of five or more members, with power to fill vacancies and sdd to their members. These members shall ‘be appointed in the first place at this conference. Sixth—It shall be the duty of the State or Territorial committee to raise the necessary funds for carrying out the object of the union and in every proper way to 2id in the further- ance of these objects. Seventh—The members of the executive com- mittee for each State or Territory shall be elected annusily by the State or Territorial committee respectively. This was considered by sections. Win- ston of Washington objected to the name *Honest. money,” saying: “It is not ex- pressive enough; it does not go to the point. Gold men say gold is the only honegt - money; Populists think the green- backs honest money. Let us call it the “Pacific Silver Association,’ a name that will leave no doubt of what we mean.” Ex-Governor Adams opposed this propo- sition, becaused it narrowed down the ob- ject aimed at, which is to embrace the whole country. ‘Winston’s amendmerit was lost. Judge Bickford of Montana moved to strike out the word “‘educational,” as per- haps-arrogating too much. Ex-Governor Prince wanted the word left in; the purpose of this conference was t0-educdte; the word showed that the object is not political, but instructive. Judge Bickford said his purpose was to avoid giving offense to a large class of voters, who might not take kindly to the suggestion that they stand in need of education. Mr. Light of Colorado favored Judge Bickford’s amendment; the committee had been in doubt about the word, and had in- serted it by a bare majority. Attorney-General Jones of Washington agreed that the word might be offensive, and-ought to be stricken out. The organi. zation .should not be confined to educa- tional work. The motion to strike out was carried. ‘Winston of Washington moved that the organization be called the “Silver Union.” Ex-Governor Prince objected, saying, “We are not for silver alone, but for bi- metallism.” Young of Oregon thought the term “sound money”’ too ambiguous, and said it would need frequent explanation. Hesaid Lie was a Populist and believed greenbacks to ‘be’ honest money, and added: “If you mean to say that the metals are the only honest money: then I can’t go with you.” Ex-Governor Adams of Colorado pro- posed the name “Bimetallic Union,” which was agreed to. ‘Winston ‘wanted section 4 amended so that any State could come in when it wanted to, whether the majority of the committee voted that way or not. He offered as an amendment ‘“and all other States and Territories are invited to join this union.” Mr. Borah of Idaho thought this unne- cessary; it was perfectly understood that other States would be cordially welcomed. Junes of Washington favored the amend- ment. Hedid not wantto see even Mis- souri - kept out of this organization if it wanted to come in. Mr. Prince said the purpose was to pre- vent an irresponsible body, that did not Tepresent its State at all, from attaching itself to the movement. The object was to n\n.;d bringing the organization into dis- credit, Bennett of Washington concurred with Prince. ’ Clunie of California said the committee Liad carefully thought the whole matter -Over. and he did not believe any delegate could on the spur of the moment improve on the report. It was perfectly absurd to ‘contend that any State would be excluded. 1f gentlemen kept on offering amendments this way the conference would not get through till fall. Winston said he was t.'h'ere in behalf of his ‘Washington con- stituents to_ offer such amendments as he - thought proper, and vroposed to offer _them if he had to stay till Christmas. Bennett suggested that it was time to go'to Fort Douglass and see the parade of troops. The delegates shoula either go at : the time appointed or decline the invita- tion. - & Borah .of Idaho, replying to Winston, said'there was no intention to exclude any *‘State that was ready to enter the organ- ization. The design was simply to provide a method of passing upon th i whether or not a Sm’,;e w‘:e) rem; destion - Winston’s motion was - voted ‘down and the succeeding sections were agreed to without discussion. A recess until 1:30 was -then taken, and the delegates proceeded in carriages to Fort Douglass, where the party, headed by the Govdnors and ex-Governors pres- ent, were hospitably “received and enter- tained, and a salute given and a review had in their honor. - On reassembling.in. the afternoon Dell of ‘Oregon, who had vainly tried at the morning session to get in a substitute for the committee report, offered it, as fol- low First—We hereby orgariize a temporary league for independent bimetallism, to be called the “Trans-Montane League,” and to include all the States and Territories west-of the Rocky Mountains and all of Colorado and Wyoming. Second—We call upon all friends who favor restoring the silver dollar to free coinage and full legal-tender power equally with the gold dollar at'the rate of 16 to 1 to organize silver leagues in such precinets immediately, with a view to county,. district and State organiza- tions. : Third—The purpose of this organization is to secure independent bimetallism by systematic co-operation and education ofthe voters of this Union upen the silver question. Present party affiliations are not severed by thisleague. Fourth—A provisional central executive com- mittee of five shall at once be appointed by the president of this convention to permanently organize the Trans-Montane League. That committee shall at once appoint an executive comittee of three from each State and Terri- tory with fuil -power. to organize precinct, county, district and State leagues in their re- spective jurisdictions. The State ana Territo- Tial executive committee shall consistof one Republican, one Democrat and one Populist. The county and precinct central committees shall each consist of five, one from each of the existing parties. The representation in caunty conventions shall be at the ‘ratio of 16 to 1. The people should not wait for formal notices before organizing their precinct teagues. Fifth—The central executive committee of the Trans-montane - League shall have full power of superyision over the State and Terri- torial organizations. They shall have full con- trol of the selection and distribution of free silver literature other than such as is recom- mended by this econvention. Itshall be their duty to accumulate a fund to distribute the authorized literature of this convention until & permanent organization of the Trans-mon- tane League. Sixth—The committee shall select & secretary of the league, who shall receive & sufficient salary, and who shall attend to =1l the execu- tive and routine business of the league under the direction of the committee. Seventh—The headquarters of this league shall be in Salt Lake City. A finance commit- tee of one from each State and Territory of thisleague shall be appointed by tho presi- dent to secure funds for distribution of litera- ture and for current expenses. Eighth—It is hereby suggested and urged that the friends of our cause between the Mississippi and the Rockies shall organize a trans-Mississippi League; east of the Missis- sippi and south of Mason and Dixon’s line the Southern League, north of the Ohio the Northwest League, and east of the Alleghanies the Northern League, with & constitution like ours, so that a National organization of un- mistakable power may be formed speedily 2nd effectually. Ninth—We declare the struggle is between the property-holders, laborers and debtors of this Union against the gold monometallists of London and Wall street. Tenth—Each labor lodge, precinct les, other free silver organization in the U requested to invest $3 as a permanent fund in our authorized literature, at wholesale, or half price, and turn the investment over and over again by enlisting each member as a can- vasser. Upon the rule of arithmetical progres- sion turning over five times in each lodge will distribute 1500 copies of each book and leaves $£96 in the treasury for lodge purposes, Turn- ing over ten times will distribute 40,000 copies of each book by each lodge and leave $3000 in the treasury. The unbought weekly and small daily newspapers are also invited to pursue the same course. Practically, these are the only ‘free press” the Rothschilds have left to the people east of the Mississippl. ‘'We ask them not to be bought by free.*‘patent outsides” now offered by Wall street as a bribe. Dill claimed that the committee report ‘was not specific enough, the committee did not need to do anything if they did not ‘want to and might be reached by the silent but insidious influence of gold. Many delegates resented this, and Clark of Colorado said such talk was wholly out of place. “If we can’t trust our own fel- low silver men in this matter, then we had better quit,” he added. Governor McConnell of Idaho said that the committee plan did all that a general plan could do; the details must be left to the different States. Prince said it was preposterous to talk about this committee being susceptible to the influence of the golden idol, and he thought the plan of the committee could not be improved upon. Dell’s cubstitute was voted down and then he proposed an additional section, directing the committee to proceed every- where with precinct organizations. Borah said this woftld be an arbi- trary thing to do, as that might not always be the best way. ‘*‘Besides,” he said, “when you begin to instruct the committee to do certain things, you forbid by that in- struction that they shall do other and, per- haps, necessary things. Jones of Washington proposed as a sub- stitute for Dell’s proposed section, a word- ing that in terms empowered the com- mittee to go on with the work, and to raise the necessary funds. Clunie declared this to be entirely un- necessary. The committees were so em- powered inthe plan as reported. It was not necessary to repeat it or make it more definite, because the committees ought to be left wholly free to act as the best inter- ests of each locality might require. Clark of Colorado agreed with Clunie, and besides, he said, the specification must in its nature be restrictive. The idea of the committee was to leave the committees entire Jiberty of action. The substitute and amendment were both voted down, and ‘the report was adopted, with the change of name made at the forenoon session. The Committee on Resolutions and Ad- dress then submitted its report as follows: To the People of the United States: The mem- bers of the bimetallic conference, assembled at Salt Lake City, Utah, on the 15th day of May, 1895, representing the States of Californfa, Colorado, Idaho, Montana, Nevada, Oregon, ‘Washington and Wyoming, and the Territories of New Mexico and Utah, deeply impressed with the importance of the subject which we have been considering, believe that the vital interests of every State and every section of this great country are involved in the speedy and proper solution of what is known as the “silver question,” and being painfully con- scious of the fact that the most strenuous ef- forts of our opponents are now and have ever been directed to a concealment of the real issue, and a misrepresentation of the position occupied by the advocates of silver restoration, feel it our duty to state, with such clearness as we may, the precise nature of the issue, and ‘what our position actually is. In the first place, we desire to say that the people whom we represent are not an aggrega- tion of thieves selling out to swindle creditors with the fifty-cent dollar. There are no more patriotic citizens of the American Republic than those active, earnest, energetic men and women who have left the comforts of their Eastern homes to build the highways of Na- tional progress in the Far West. If they be- lieved that the complete restoration of silver would operate as an injury to the country asa whole or an injustice to any class, regardless of itflocal effect in this Western region, they would at once and forever abandon the de- mand. “The greatest good to the greatest number” is their motto, and it is in this spirit that they, irrespective of party affliations present them- selves almost as a unit, demanding the free coinage ot silver and gold at the ratio of sixteen ounces of silver to one ounce of gold, with full legal tender functions accorded to each, and no discrimination against either. Itisnotas silver miners, but as citizens of the republic, mindful of its every interest, that we take this position. The representatives from California, Oregon, Washington and Wyoming, which produce 1ittle or no silver, feel that their people have been as deeply injured by the demonetization of that metal as those living in sny State or Territory in which silver mining is a leading industry. In making this demand we are asX- ing for nothing new. The monetary system of this country was founded not upon gold alone, not upon silver alone, but npon both silver and gold, at & certain ratio to each other, with no lfmitation upon the coinage of either,and each standing upon an equal footing before the law. The system was founded by Hamilton, sanc- tioned by Washington ana Jefferson, its wis- dom and justice questioned by none until the year 1873. In that year, without notice to the people, the standard silver dollar was dropped from the coinage of the country, and every debt therein existing, public and private, aggregating thousands and millions of doliars, was made payable in gold alone. Men that haye intelligence enough to com- prehend its significance and still oppose the undoing of that wrong should be exceedingly careful how they accuse other people of dis- honesty. He was the great “money power’ of the world that thus stealthily destroyed the time- honored monetary system of our country. Those men who own and control vast sums of money, and debts payable in money, under- stood that if silver could be destroyed by stop- ping its coinage and limiting its legal tender, their claims thus becoming peyable exclu- sively in gold or its equivalent, the gold itself would become more valuable. They under- stood perfectly that a gold dollar, with a silver dollar by its side sharing its functions and meeting part of the demand, was an entirely different measure of values from what that gold dollar would be standing alone. They knew that by the inexorable law of supply and demand the value of gold must inevitably rise, while the value of every other species of prop- erty must just as certainly fall. This is ex- actly what has taken place. The business of the world is done upon & money basis, It is measured in terms of money. The address was read by Bartine of Nevada, and it was frequently interrupted by applause. The hand-clapping and cheers of approval were long and loud at the close, and without discussion the ad- dress was unanimously adopted. A recess of fifteen minutes was then taken to allow the delegations an opportunity to present names of committeemen. On re- assembling Shafroth of Colorado moved that all delegations not now filling their lists of committeemen shall, within thirty days, send in the names of their commit- tees; this was agreed to, and the following ‘were reported : Executive committee—Colorado, E. B. Light; Idaho, G. V. Bryan; California, H. W. Langenour; Montana, F. T. Merri- man; New Mexico, T. Bradford Prince; Oregon, Sydney Bell; Washington, W. C. James; Wyoming, F: W. Mandell; Utah, R. C. Chambers. State committee: Idaho—J. W. Plum- mer, James G. Gwin, Governor W. J. Mc- Connell, W. M. Leisure, W, T. Bradley, Charles Brown, Frank Parker, Bishop William Budge, L. A. York, Will Watt, James McNabb. Montana—F. E. Sargeant, W. M. Bick- ford, J. T. Armington, A, M. Holter, John R. Toole, O.P. Chisholm, A. H. Mitchell, ‘W. A. Clark, O. F. Goddard. New Mexico—W. T. Thornton, W. C. Hadley, T. B Mills, Nicholas Galles, F. A, Manzanares,” D. P. Carr, Jefferson Rey- nold. Oregon—J. Bourne - Jr., Dr. Robinson, Colonel F. V. Drake, C. M. Donaldson, Charles Nichol, T. Patterson, W. D. Hare. ‘Washington—Miles C. Moore, Thomas Carroll, Ben Kingsbury, Will D. Jenkins, Captain Zabury, H. J. Snively, E. T. Wil- son and H. J. Chase. Utah—Fred J. Kiesel, Moses Thatcher, E.A. Wall, R. Mackintosh, A. W. Ivins, Thomas Kearns, A.F. Holden and J.O. Packard. After invitation by Mr. Prince to visit the irrigating congress at Albuquerquein September, the convention adjourned. The delegates and citizens united ina banquet at the Knutsford to-night, at which there were many silver toasts and Tesponses. SUCCESS OF TH. Governors and FEx-Governors With the Work Done. SALT LAKE, Uran, May 17.—The great silver convention closed to-night with the banquet given at the Knutsford, which was attended by three Governors ana four ex-Governors of Western States and Terri- tories besides the wealthy and influential citizens of the city and the visitors and delegates from neighboring places. All in all it has been a most harmonious and suc- cessful meeting, as can be seen by a care- ful perusal of the daily proceedings. Salt Lake has done herself proud in the matter of entertainment, and the visitors one and all are profuse in their praise of all that hasbeen done and they leave with feelings of much pleasure after a merry week in the capital of Utah. The greatest enthusiasm prevailed throughout the sessions and at this writ- ing—midnight—the echoes of wild bursts of applause come from the dining hall, where speeches brimful of wit and fore- thought are being delivered by the emi- nent gentlemen there assembled. The general verdict is to the effect that a new day has dawned for the great cause of silver. The correspondent of the CALL met Gov- ernor Rickards at the Knutsford this even- ing, and as he is the one who called the delegates together, the reporter asked him what was his opinion as to the results of the conference. Governor Rickards re- plied: “Personally I am highly pleased and gratified with the general proceedings and outcome of the congress, but the results cannot be seen on the surface. “They may not be determined for some time, but as you know the executive com- mittee has been appointed, and its future work will show most fully the worth of the conference to the silver cause. ““The conference itself was called for the sole purpose of devising ways and means for the disseminating in the East of litera- turein the cause of silver, and the work which was outlined in the beginning has been successfully accomplished, so I can repeat that a feeling of gratification pre- vails in the delegation.” Governor McConnell, the extremely affable executive of Idaho, when asked by the reporter for his opinion, expressed himself in much the same manner, saying that he thought it a most harmonious meeting, and he was glad that so much conservatism and good common-sense was noticeable at all the deliberations of the congress. Ex-Governor Prince of New Mexico said : “It has been an entire success, so far as regards the object for which the conven- tion was called. All extraneous matter was happily kept out of the meetings, which were confined to the original ideas, and everything was done which was con- templated, so there is no reason to doubt that success will be the termination of the campaign thus started.” Ex-Governor Adams of Colorado ex- pressed his sentiments in the following words: “Ihope the spirit cf bimetallism will spread over the country as the spirit of liberty, started at Runnymede, spread around the world.” And 50 the sentiment goes, The elegant CONFEREMNCE. Pleased banquet to-night is but a fitting close to a glorious work for the people of the West —a banquet which is appropriately pre- sided over by C. C. Goodwin, that stanch friend of silver—a banquet which is but the opening of a new era of fraternalism among the inhabitants of Utah, and the seal of a lasting bond of friendship among the stalwart men of the West. CHANGED IN WISCONSIN. Ex-Governor Peck Says the Silver Men Have Little Strength. NEW YORK, N. Y., May 17.—George F. Peck, recent Democratic Governor of Wis- consin, is at the Holland ‘House. He is here on private business, and expects to re- main for a day or two. Speaking of the condition of his State he said: ‘‘You see a good deal printed in the papers in the Bast about Wisconsin being torn wide open on the silver question. Those reports were perhaps true about a month ago, but con- ditions are very different to-day. The bubble has burst and the farmers and mer- chants are thinking for themselves, and this thought has not done much for silver. “‘When the movement first started I saw a lot of men who expected to make political capital out of the movement. Now, po- litical ambition is all right, perhaps, but the men who have flocked to the silver standard T do not think did it on account of conviction, but through the idea of gain- ing political charices. One month ago had an election taken place with a silver ticket in the field I believe it would have swept the country. To-day the silverites have only a scant following. Suppose a man had been elected on a silver ticket, he would hate himself all through his term of office, for he would know very well that he could not ‘deliver the goods.” Prosperity is returning and with it a better under- standing of the financial questions of the day. Isay confidently that Wisconsin is securely within the ranks of a sound cur- rency and nothing can shake her alle- giance.” ALWAYS A FRIEND OF SILVER. Opposition to It, Says Voorhees, Is Knav- ish and Speculative. TERRE HAUTE, Ixp., May 17.—Sena- tor Voorhees has arrived home for the first time since the adjournment of Congress. He said: “I am too old to change my views on the silver question. I have always been a friend of silver and it will always remain the money of the common people, while gold will be the money of the rich. Ihope Imay be able to make another campaign on that subject. When we talk about free silver we must recollect that this country was for eighty-one years prior to 1873 practically on a silver basis. The country fought the War of 1812, the Mexican War and the War of the Re- bellion under silver. Opposition to it is knavish and speculative. By pronouncing against silver and driving it out as cur- rency the purchasing power of gold is in- creased, and that is what the rich are after.” OURRENCY OF CHILE. A Vast Amount of Silver to Be Coined There. WASHINGTON, D. C., May 17.—The text of Chile’s currency-conversien bill as passed by both houses of Congress has been received here. It provides for specie payment from June 1, 1895. As both metals are to be utilized the change prom- ises to have an important effect upon the world’s supply of the metals. The Presi- dent of Chile is empowered for three vears to coin $10,000,000 silver. All proceeds from the sale of nitrate peds shall be de- voted exclusively to the purchase of silver. Three gold coins of $20, $10 and $5 de- nominations are also provided for. A silver dollar is to weight twenty grammes and be .835 fine. Silver is not legal tender above $50 except to the Government, where it is received as gold. The Government mint is also directed to exchange for gold a silver dollar presented to it for that object. The act also provides for a system of bank currency, guaranteed by the Gov- ernment and redeemable by the Govern- ment if the bank fails. CHICAGO, March 28, 1894. Price’s Cream Baking Powder is a pure cream of tartar powder that has a greater leavening strength than any other. My indorsement of a New York baking powder has been withdrawn. ‘Warter S. Haines, M.D. Professor of Chemistry, Rush Medical College. sl ANARCHY IN FORMOSaA. Riots of Daily Occurrence and Many Are Killed. LONDON, ENg., May 17.—The Times to- morrow will print a dispatch from Hong- kong which says that anarchy prevails in the northern part of the island of Formosa and riots are of daily occurrence, numer- ous persons having been Kkilled and wounded. General Ku Hung Kuk, a Hatta chief, has proclaimed himself King of the north- ern portion of the island, and several thou- sand well-equipped soldiers have joined his standard and his force increases daily. The Chinese authorities captured and beheaded many of his followers, but the revolt seems to be spreading. China advo- cates the recognition by the powers of a Formosan republic. —_—— REVOLUTION IN HONDURAS. Fourteen Persons Said to Have Been Shot by Federal Troops. NEW YORK, N.Y., May 17.—A special to the World from San Salvador says: A revolution is reported to be in progress in Honduras. This Government has hurried troops to the horder between the two re- publics to prevent intrusion upon the territory of this country and to preserve strict neutrality. Precautions have been taken to prevent parties leaving San Sal- vador for Honduras, A report comes from Honduras that fourteen prisoners captured by the Govern- ment forces have been shot. Another re- port is that four officers were killed by the soldiers of their commands at Santa Tecla, SR Jim Hill Cannot Be Found. NEW YORK, N. Y., May 17.—A special to the World from London says: If James J. Hill of the Great Northern has bought a controlling interest in the Northern Pa- cific, as reported, that fact cannot be veri- fied here. London bankers say no large transfers of Northern Pacific bonds by English bondholders have been noted. Mr. Hill cannotbe found in London to-day. S ey Explosion in a Railway Car. LONDON, Ex6., May 17.—A mysterious explosion took place to-day in a railroad carriage which was just arriving at the ‘Walworth railroad station, on the London, Chatham and Dover Railway. The occu- pant of the carriage was badly injured. Near him was tound a brass cylinder nine inches long. S Warehouses and Factories Burn. LONDON, ExG., May 17.—The ware- houses and factories near the leather market, Bermondsey, covering an acre and a half of ground, have been burned. The loss is estimated at $1,000,000. THERE i.dm article 1‘;“ this market seldom equaled and never exceiled—Jesse Moore Whis- xy, Huni & Co. guarantee its purity, * TWO GIANTS DEBATE Professor Laughlin and Author Harvey Talk on Money. MINTS CLOSED TO SILVER. White Metal Must Be Given an Equal Chance With Gold. THIS NATION IS INDEPENDENT. Ringing Arguments That the Politi- cal Professor Strives to Combat. CHICAGO, Irn, May 17.—A stirring political encounter took place to-night hardly paralleled in the West since the famous struggle between Lincoln and Douglass, just on the eve of the civil war. To-night’s platform combatants were two gants of the opposing sides in the raging financial controversy—L. Lawrence Laugh- lin, professor of political economy in the University of Chicago, the favorite author- ity of President Cleveland, and William H. Harvey, author of “Coin’s Financial School.” Not half the people clamoring to be present could have been accommodated had the auditorium itsclf been secured for the meeting of the champions. Thé spa- cious rooms of the Illinois Club, on stately Ashland boulevard, were crowded to al- most suffocation when the president of the club, Dr. Homer M. Thomas, an- nounced all in readiness for the dress-suif gladiators, : Were it not for the fashionable sur- roundings, the seriousness of the occasion and the dignity of the audience, the ma- jority of whom were prominent business and professional mem, the eager interest displayed would have been an instant re- minder of the moment when Corbett and Mitchell faced each other for their cele- brated bout at Jacksonville. The proposi- tion to be discussed was read as follows: Resolved, That the United States should at once enter upon the free coinage of sil- ver at the ratio of 16 to 1, independently of the action of any other nation. Mr. Harvey, it was stated, would speak for an hour in the affirmative and Pro- fessor Laughlin an hourand thirty minutes in the negative, Mr. Harvey then having thirty minutes for a rejoinder. Mr. Harvey is a rather tall, spare, dark- complexioned man of engaging presence, but nervous temperament. He was evi- dently full of suppressed excitement when he came forward to begin his address, but he soon steadied himself admirably. Professor Laughlin, wiry of frame and blonde but stern in appearance, suggestive of a less emotional makeup, had the ad- vantage of not being the first to speak. Both men were liberally applauded. In opening for the affirmative Mr, Har- vey said: The first reason why Iam in favor of inde- pendent aciion by this country is thatwe should not be subjected to the influences of the Governments of Europe. When our fore- fathers declared their political independence from Europe it was to free themselves from the class lesiglation of those Governmengs, justly termed plutoeracies. 1f people can be reduced to poverty and the prosperity of the United States can be ruined Dby hanging to the financial policy of Europe, then we can be reduced to the same condition by finaneial legislation as a war of conquest would reduce us. Our friends the monometal- lists mostly say, “We admit bimetallism would be good if we could get international bi- metallism.” - In other words, they agree that there is something radically wrong, but claim that we are tied to the financial policy of Europe. So that if war of conquest in this country by the monarchies of Europe, whose form of govern- ment is different from ours, would reduce us to the condition that the people of those Goy- ernments are in, and they can accomplish the same purpose by financial legislation, then there is a necessity for independent action. ‘When there is a necessity there is aremedy. The Governments of Europe are plutocracies. They squeeze the lemon of the people as often as they please. The few control class legisla- tion and the masses are hewers of wood and drawers of water for the titled few. Like the farmer who goes out and robs the bees’ nests, they rob the people and then give them time to fill the nests again before going out to rob them agamn. We have certainly not forgotten the history giving the 1easons why our fore- fathers established this Government, and that was the reason. Now, if financial legislation is one of the kinds of class legislation by which the many are robbed and the few are enriched, by which the lemon is squeezed, then it is one of the in- stitutions of the European Governments that we, as a Nation of people Republican in form, should declare our independence of. That is the first reason why independent financial ac- tion should be taken by the United States. If they say, ¢“We must have the same money that they have in order to carry on business with them,” my reply is, “That the biggest business we ever did carry on with the balance of the world, and particularly Europe, was the time when they had gold and silver as money and we had neither.” It is one of those peculiar arguments that wears ity way into a man’s brain when reiter- ated and monotonously given out by the daily press that we must have the same money that the other great commercial nations have. We never stop to investigate. This Nation can have an independent financial system ‘without any reference whatever to the balance of the world, and can carry on its own com- merce by ocean and land with the other Gov- ernments of the world notwithstanding. We do not now settle our balances with Europe in coin on its commercial value and by weight. Our coinage has nothing to do with it. Primarily, balances of trade are settled with trade. We give them our wheatand we take their silks, and the balance that we owe them or what they may owe us will be settled just as the merchant between the importing points may agree to settle. They can settle it in gold for o much a pennyweight as measured in the money of their country or our country, or in so much silver or in so much copper, or so much of any other merchandise which may be agreed upon between them and their relations. There is no such thing as an international money. % What we are contending for is the opening of the mints to the free coinage of silver, they are now open to the free and unlimited coinage of gold, and have never been closed to that metal, and the establishment of bimetallism on those simpler fixed principles that were adopted by those statesmen who had in view the interest of no class, but all the people, What we want is bimetallism, and scientific bi- metallism is this: Free and unlimited coinage of both gold and silver, these two metals to constitute the primary or redemption money of the Government. Second —The silver dollar of 371} grains of pure silver to be the unit of value, and gold to be coined into money at a ratio to be changed, if necessary, from time to time, if the commer- cial parity to the legal ratio shall be affected, by the action of foreign countries. Third—The money coined from both metals to be legal tender in the payment of all debts. Fourth—The option as to which of the two moneys 13 to-be pajd ip ljguidstion of 8 debiio Test with the debtor, and the Government also to exercise that option, when desirable, when paying out redemption money. The mints are now open to the unlimited coinage of gold. Such portion of the product of that metal as does not find an immediate demand to be used in the arts and manufac- tures is taken to the mintsand coined into money, and becomes at once the object for which all other products seek the market. It thus ‘has an unlimited market, as the mints are open to all of it that comes. This was true also as to silver prior to 1873, but by operation of section 13 of the act of that year the mints were closed to the unlimited coinage of that metal. ' Hence when silver now seeks the markets and exhausts the demands supplied by the arts and manufactures and the small purchases of the Government to coin it into token money, the demand for it ceases. Gold has an unlimited demand.: Silver has a limited demand. 5 Silver is now a commodity to be measured in gold. It is an object to be gored and kicked by bulls and bears. It is shut out from the United States mints. Itis token money. It.has been deprived of that unlimited demand it enjoyed prior t0 1873. We would restore to it that un- limited demand. We would open the mints.to itagain. We would leave the imints open to gold as they are now. We would give. silver the same privileges as gold. Restoring to it this unlimited demand would cause the yalue of silver to rise as comparéd with gold. This is what we want. This is what we would do: We would again make the standard silver dollar the unit of value as it was before 1873. It would thus be a dollar and the bullion in it would be worth a dollar, as the numbej of grains ot bullion in a dolar would have the right to walk into the mint and be coined into adollar. No man would take less for it when he could have it coined at pleasure into a dollar. We would make gold coins of the value of so meany silver units or dollars, as the law existed prior to 1873. Silveris the people’s money.- It was so Te- garded by our torefathérs, and was the favored money of the two. It was given the position of honor in the coinage of our two metals by having the unit of value made from it, and gold, its companion metsl, measured . in it. Gold was-and is the money of the rich. This was to be & government of the people ahd the people’s money was.to be the most favored. Twice when the commercial ratio-between the two metals made it advisable to change the legal ratio the change was made by recoining the gold coins. This was in 1834 and 1837. The spirit of our forefathers then lived in their sons, The gold coins were changed in weight and size. In 1834 the gold eagle had twelve grains taken out of it. - In 1837 the gold. eagle had two-tenths of a grain added to it,. No change was ever made in the quantity of pure silver in the silver unit.” There.were to be .two yard- sticks. The rich mam’s maney—gold—was re- coined when the commercial ratio interfered with the legal ratio. . This is the law we would re-enact. We would make both legal tender in the payment of all debts. We would repesl the law of 1878 and the Sherman law. of 1890, au- thorizing contracts—bonds, notés and mort- gages—to be taken payable in gold only. We would allow no diserimination to be made be- tween the legal-tender character of the two metals. We would allow no private individual to dictate to the Government what its legal- tender money should be. We would place the white metal on an equal tooting jwith the col- ored metal, “without regard to previous con- dition of race or servitude.” We would give the option to the debtor, if there was any preference as to ‘which. of the two he would use in the payment of a debt. A break in the commercial parity causes the cheaper metal to be used. This increases the demand for the cheaper metal. This increased demand restores the value of the metal that had thus jallen below a parity and brings it back to parity. To give the option to the credi- tor causes the dearer metal to be demanded, and it thus grows dearer and dearer, and a parity is broken and the gap grows wider and wider. ‘When the debtor has the option the two metals will oscillate close to & parity and sub- stantially at a parity. This oscillation is the elasticity that bimetallism gives to primary money. If one becomes scarce the other is used. If one is cornered the other takes its place. Either answers for money. A true knowledge of bimetallism and ‘the simplicity of that system died with our an- cestors. Selfishness stalked into the American Congress at & time when neither metal was being used 8s primary money—our primary money was then paper money—at a time when corruption was rife in our National legis- lature, followed by articles of impeach- ment against Vice-President . Colfax for complication in the Oakes Ames. affaif; the resignation of Secretary of War Belknap for bribery; the charge of cor- ruption against numerous Congressmen in connection with the Credit Mobiiier scandal and land grants swindles. At a time when statesmanship was dwarfed to personal selfish- ness, men who knew what the effect of such a change in our financial policy meant organ- ized successfully the first trust to be benefited by national legislation in this country. 'Ityas & money trust. It was the demonetization of silver, the money of the people was destroyed. | Silver at that time was at & slight premium over gold. By this act the mints were closed to the in- limited coinage ot silver, except the trade dol. 1ar, which was overvalued by eight grains and ADESPERATEMAN James T. Simpson of Reno, Nev,, Was on the Verge of Complete and Utter Desperation. HIS WAS A TRYING LIFE. One of the Greatest Sufferers Since the Panic—He Became a Complete Wreck, Mentally and Physically. Reno, Nevada. Igive you the story of a des- perate man, and it is authenticated by several well-known citizens of this city. Just after the great decline in silyer Mr. JamesT. Simp- son of this place began to show signs of com- plete mental and physical exhaustion. The doctors were called in. They felt his pulse and did what they could for him, still poor Simp- son lay in a state of coma. He scarcely recog- mzed his friends. Every aid that could have ‘been possibly given to this poor man was. Still hedeclined. His face became colorless, circu- lation was poor, his appetite gone. He could not or would not take solid food. While in this condition it was deemed neces- sary to inject beef into hisbowels in order that the body might receive some nourishment. Various proprietary remedies were resorted to and the last of the remedies was what is known as the California remedy, Joy's Vegeta - ble Sarsaparilla. This was given to Mr. Simp- son in very small quantities, some of which he would swallow, other portions were refused. From the earliest beginning of the use of this medicine his bowels began to move and he showed some signs of recognition. Joy’s Vege- table Sarsaparilla was given to him daily, and it is said that S8impson recovered enough to eat solid food in avout two weeks. As thisis a California remedy it is of interest to the people to know that it is recognized up here as a valuable household purifier. Iasked several of the leading druggists what they thought of Joy’s Vegetable Sarsaparilla, and they assured me that it was a favorite prescription ameng men and women. ‘They say it is a ready laxative and that effect is noticed from the very first. Hundreds of bottlesare now being sold. One druggist sold & gross of Joy’s Vegetable Sarsaparilla ina month, NEW TO-DAY. IT HAS KEPT US BUSY. The demand for Tan Shoes has been big—in fact, larger than we evef expected. This week we have received our entire stock of Summer Shoes, bath in tan and black, embracing all the late and pretty shapes. 4 THE SAME LOW' PRICES ALWAYS PREVAIL. Men's $2 50 Calf Shoes That Are Right, m'tan and biack, and all style toes, These: Shoes aré shapely faultless fitters, and are only to be compared with Shoes you have been paying double the prices we asik, That All Sofid Child’s Dollar Shee IN TAN AND BLACK Made on néw perfect give the utmost sati: Sizes 7 t0 1034 ng lasts and warranted to action. 100 125 Tan Oxfords. Their equal is_yet ‘to be fonnd. styles oniy; the new Darrow pointed t0€, all sizes und width Country orders filled by return mail or express. Out new illustrated cazalogue sent free, postpaid, 1o any address for the asking. SULLIVAN'S SHOE-HOUSE, 18,20, 22 Fourth Street, Just Below Market. Made In-twe are and the stylish If youare going to remain in California you are inter- ested in her growth and prosperity, Can’t you do something to'help the good f-cause along ? - Wear -Standard Shirts- and other home produced garments; patronize home industry; let- everybody do that and good times will come without a second invi- tation. NEUSTADTER BROS. Prop’s" § NDARD Shir ; Factory. T HAVE THE BEST STOCK RANCH IN THE State of California. that I can seil at a low figure, within 80'miles of San Francisco.and within 8 miles of town and railroad, Pienty of waler and feed 12 months in the year. 2 LOUIS SCHLOSS, CROCKER BUILDING. § LADIES' GRILL ROON Has baen established n:the Palacs Hotel O, AccouNT {OF REPEATED DEMANDS ‘made on the management. ‘It takes the piace of the city restaurant, with direct entrancé from Market st. Ladies shopping wiil find this a most- desirable place to lunch. Prompt service and mod- erate charges, such as have given the gentlémen's Griliroom an International reputation, will preval An this new depariment. “ e