The San Francisco Call. Newspaper, September 13, 1896, Page 2

4 = tune and every man and woman arose from their seats and joined in. Senator Palmer and General Buckner stood side by side and sang the first verse with spirit. After the singing of “Arherica’” Mr. Phelps intzoduced the Hon. W. D. By- nnm of Indiana. He was warmly greeted with hurrahs for ©*0Old Bill Bynum.” Mr. Bynum after referring to the work of the Indianapolis convention said in part: “We are here to-night to officially and formally notify these gentlemen ol the nominations which were conferred upon them. I shall not, my friends, on this oc- casion undertake to discuss the causes which led to the assemblage of that con- vention. 2 ) Mr. Bynum then spoke of the invitations which bad been sent to ‘‘certan dis- tingmished Democrats” to attend this meeting and proceeded to read their re- plies. Mr. Bynum first read a telegram from Secretary David R. Francis and Sec- retary Daniel Lamont, which were han- dled in the dispatches of the United Asso- ciated Presses early in the week. When he took up a third and read -the words “‘Bar Harbor’ there were yells of delight. “That’s Carlisle, that's Carlisle,” was the and when Mr. Bynum finished read- three cheers were given for Carlisle half a dozen times. Carlisle’s telegram was as follow: BAR HAREOR, Me., September 12, 1896. Hon. W. D. Bynum, Louisville: Your tele- gram inviting me to attend the meeting at Louisyille to-day has been forwarded to me at this pluce, and I g; y regret my inabiiity to accept. The conservative and pairiotic declar- ation of the Indianapolis convention on the public questions involved in the pending con- test and “the high character of its nominees sazno} failto arouse the real Democratic sen- timent of- the country.and command the hearty support of all who sincerely believe in the preservation of the public honor, the pub- lic peace and_the stability and value of the currency used by our people. I am proud to take my stand with the old-fashioned Demo- crats who have refused to abandon their hon- est cpnvictions in order to form unnatural alliances with political and social organiza- tions whose purposes are dangerous to the country and wholly inconsistent with the fundamental principles of our party, and I pledge to you and your associates siuch sup- port and assistance as I can properly give dur- ing the campaign. J.'G. CARLISLE. Then came the outburst of the evening. “Buzzards Bay,” read Mr. Bynum. That was all the audience wanted to hear. To a man they jumped upon the chairs and in the aisles, screaming like mad for Gro- ver Cleveland. It was two minutes before Mr. Bynum conld proceed, and he was continually interrupted with cheers for Grover Cleveland. When he finished the Indianapolis delegation proposed three cheers, and they were of the rip-roering order and lasted nearly two minutes. The telecram read - Buzzawps Bay, Mass. Sept. 10, 1896. Hon. W. D. Bynum, Indianapolis, Ind.: 1 re- gret that I cannot accept your invitation to attend the notification on Saturday evening. As e Democrat, devoted to the principles and integrity of my party, I should be delighted to be present on an occasion so significant and to mingle with those who are determined that the voice of true Democracy shall not be smothered and who insist that its glorious standard shall be borne aloft as of old in faithful hands. GROVER CLEVELAND. When the applause had subsided Mr. Bynum introduced Senator Donelson Caf- fery. Senator Caffery was given a warm reception. He said: General Palmer: I am charged with the pleasant duty of notifying you, on behalf of the National Democratic party, that you are its nominee and candidate K‘hr President of the United States. Under ordingry circumstances no elaborate or extensive statement of the causes which led up to your nomination would be appropriate, but the Democratic party is no longer solid. The Chicago piatiorm shaped and drove the wedge that has separated 1t in twain. A comparison of the platforms nflogwd at Chicago and. at Indianapolis disclosed the reasons for the separation. You, sir,stand on a rlatform adhering to the an. cient and accepted doctrines of true Demoe- racy. It declares in unequivocal terms for & tariff for revenue only; the gold standard, with sil- ver as subsidiary coinage; the divorcement of the Government from the banking business with & safe and elastic currency under govern- mental supervision, “measured in volume by the needs of business”; the independence and integrity of the Supreme Court; individual freedom and right o priyate contract, ana the enforcement of Federal law by the President. No uncertain ound comes from Indianapolis. Clear, distinct and emphatic, its. utterances have penetrated every nook and corner of the Republic. The Chicago platform is_precisely the oppo- site of these principles. The great principle of “tariff for revenue only” is denuded of its Democratic force by dropping the word “only,” thus leaving & wide margin for Republic: heresy to creep into this cardinal tenet. You and the public know the deadly thrusts made in the Chicago platiorm at the Supreme Court; at the Presiden t's power to suppress riot affecting Federal property. You kvow of the attack upon the public credit and honor, on the present monetary standard and of the threat of unlimited issue of paper money by the Government. It is Deedless to specify the departures from the Democratic doctrine contained in the Chicago platform. The world knows them and is amazed at them. I will briefly, sir, sketch the steps that led up tothe attempt boldly made st Chicago to degrade tne standard of value, repudiate National obligations and strike at the right of private contract. When the war ceased the country was on & paper basis. Greenbacks issued as & War measure were the standard of value and medium of exchange. They bad run out of gold and siiver. They were of doubtful constitutionalit; n 1875 an act of Congress wes passed providing for the resumption of specie payment, the date fixea in the actbeing the year 1879. To the end that the paper issues should be called in and canceled, bonds of the Government were authorized to be sold and the proceeds applied to their extinguishment. In 1878 the silver dollar was aropped from the coinsge. The country had been practically on a gold mono- metallic basis from 1834, by and through Democratic statutes deliberately adopted to accomphsh that end. The greenbacks had done what all inferior money will always do, supplanted metallic money of all kinds, and . the act was only declaratory of what had been done theretofore. It only confirmed or did directly what the act of 1834 hnd done in- directly. The act of 1834 was passed with the full krowledge of the recoguized rule that the cheaper coin will drive out the dearer. Gold was then the cheaper coin at the ratio of 16 to 1. purpose of the Democratic Congress in pass- ing the act of 1834 was expressly avowed 10 be 0 place the United States on 8 gold basis best suited to the needs of an expanded and an. expanding commerce. This basis lasted until the civil war broke out, necessitating the issue of paper money. The Republican party, to which is due all Ppraise for passing the act of 1875, grew weary of well doing, became alarmed at the clamor over restricting the_currency by retiring the in 1878 adopted a law com- reissue when received into the treasury. This last act, going still further in the direction of inilation, provided for tue purchase of silver builion and the coinage per month of not less than 2,000,000 of silver dollars of full legal tender. Again, in 1890 there was a further ylelding of the dominant Republican party tothe de- mand of the silver-mine owners and inflation- ists in the passage of the Sherman act provid. ing for the monthly purchase of 4,500,000 ounces of silver. Under the operation of these acts silver was coined and certificatesissued to the extent of nearly ,000,000. This con- tinued swelling of the volume of sflver and paper money precipitated the financial panic of 1893. The Nation became alarmed lest its power o carry paper issues of greenbacks, treasury notesand depreciated siiver money, aggregating over $900,000,000, should fail, The war on the standard of value opened with the bill to repeal_the purchasing clause of the Sherman .act. It was but a skirmish, the silver forces making a show of resistance by occasional sorties and boldiy challenging the sound-money men to battle at the polls. The battle is now on us, and we must meet it ltke honest men and patriots. The nominee of the Chieago platform pro- pounds that the free coinage in the United States alone of. silver at the ratlo of 16 to 1 with gold will take away from gold ‘4ust so much of its purchesing power as was added to it by the demonetization of silver by the United Btates.” He further sa; *We con- ltend thatiree and unlimited coinage by the United States alone will raise the bullion value of siiver 1o its coinage value and thus make silver bullisn worth $1 29 per ounce through- out the world.” We have here two proposi- tions whick: together form the keystone of the bimeallic arci. Take away from gold in the United States just so much_of its purchasing power as was added (o it by the demonetiza- tion of silver and still the Utopia 18 not real- ized. With silver worth $1 per ounce throughout the world, and With goid lowered in the United Siates alone, bimetailism is fur- ther off than ever. ) As the enhanced value “given to gold b’ legislation for the last mmi»thru years” s:4ll exists in Europe, and will beyond all \ question continue to exist, the mighty Ne Silver was ata premium, but the | THE SAN FRANCISCO CALL, SUNDAY, ‘SEPTEMBER 13, 1896. braskan creator and destroyer of values pro- voses to give us a 50-cent gold doilar in America for a 100-cent gold dollar in London. He does not extend gold depreciation beyond the United States, but, strangely philan- thropic, gives to silver throughout the world the gold value of §1 29 per ounce. Whata singular medley. There is a line in Pope that might assist to describe the scheme: “What mighty contests rise from trivial things.” And we can ex- claim: “Whar trivial results from mignty causes sprln% 2 Is it possible our gold is to be debased and silver take its place merely to satisfy a theory shown by its author to be false? Silver, ac- cording to Bryan, is to_be kept at $1 29 per ounce in. gold throughout the world. This makes it precisely equal to the present gold dollar.’ This standard is es wicked as the de- tested gold standard. It is exactly its coun- terpart. As Mr. Bryan makes no elaim to & world-wide halving of gold, and confines the power of the legislative fiat to this country, he gives us a 200-cent silver dollar and 100-¢ nt gold dollar by his process of lowering United States gold by half and raising the world’s sil- to $1 29 per ounce measured in the world's g‘l‘)’ld price. Here is another picnic for the thschilds, the syndicates and the crowned heads of Europe. ey will ‘‘corner” silver as easily as gold, since their machinations are rendered easy in the United States by this de- monetizing of gold for them to begin with. But the British and European wers and conspirators may have a few battered remnants of conscience. They may object. They may put in motion the legislative fiat of their coun- tries which more than equals in potency tne legislative fiat of the United Stetes. In order to protect themseives from a200-cent silver dolr&r they might fulminate thus: *“We ordain and establish U hereafter a gold dollar shall be legal tender at 100 cents and a silver dollar at50 cents.” + Then let opposing jurisdiction clash. Then would values rise and fall with the appearance or disappearance of the British lion or the American eagle. When the old Titanic battles of the gods upon Olympus were fierce enough 10 shake the earth how fearfully would the war of Giant Fiat against Giant Fiat convulse and rend it. Of course, Mr. Bryan knows that gold will take flight (0 countries where legislation adds to its value, and our devoted country will be turned over to the silver standard, which will be as oppressive, as crushing, as grinding as the gold standard ever was alleged to be. Sil- ver monometallism will reign supreme. The mine-owner will rejoice, but the poor people will find their dreams rudely broken and their idolatry of the silver goddess suddenly disturbed. The Mexican people, the Chinese coolie, the ranch-roof Argentina will Tejoice in the possession of a silver dollar of double its present lgurcnlsmg power. Everywhere throughout the globe will be the apotheosis of Bryan, the alchemist, who, disregarding the claim of his own people for his benefaciions, scatters his gifts to the silver universe. Further on Mr. Bryan says: “*A dollar which increases in purchasing power is as dishonest as adollar which decreases in purchasing power.” He means to say by this high-sound- ugexyresslou that both an appreciated and a depreciated dollar are dishonest, but he has pushed his siiver doliar to the high apprecia- ton of gold. The different stages of wicked- ness have been passed; the culminating point has been reached when silver is raised to the “bad eminence’ of a gold doliar. At onebound he has leaped over allminor evils and reached the throne where ‘“silver, exalted, sits su- preme” in its baneful excellence and power. And as gold is always appreciating, according to the new dispensation, so is silver to be al- w! appreciating, and Mr. Bryan stands forth the upholder of the standard of the Roth- schilds and money-changers, “who grind the faces of the poor.’” I will not notice the impassioned appeals made by Mr. Bryan to inflame the poor against the rich. Whenever a Presidential candidate can stoop to the arts of the demagogue, the cause which he advocates must be poor in- deed. He gives no reason &nd produces no proof for the bold position he takes, but makes up i? assertion what Le lacks in resson or Dproo. It is assumed that prices have depreciated and that the cause of the depreciation is the appreciation of gold. Prices have not de- preciated abnormally. The decline in the prices of all commodities from 1873 to 1891, as found by the authentic report of the Senate Finance Committee, was only 7.8 per ceut from the basic line of 100 taken from the prices of 1860, the grloes during the inflated period being carefully reduced to a gold basis. According to that report food products and lumber advanced and the prices of clothing, fuel, metals, drugs and chemicals ana house- hold goods declined. The rise and fall was not regular, but seesawing; the markets were af- fecied by supply and demand. There have been some 8000 patents since 1873 introducing improvea methods of pro- duction and manufacture in all branches of industry. Any one can see at & glance that new and improved methods have brought about lower prices by reason of diminished cost of production. The trend of civilization is toward lower prizes, especially for the prime necessities of life. The decline in the rates of transportation has more than kept pace with the lessening cost of production and manu- facture, and’ the human race to-day,with a goid standerd elevated over the indnstrial fleid, is better educated, better fed and clothed and housed than in all its history. Labor has demanded aud received more and better wages, and has become more and more efficient in every department of industry, and nowhere under God's heaven has labor pros- ered more and fared better than in this and where gold measures all of earthl But gold has not aporeciated. The deman has been fully met, and more than met, by the supply. In 1894 the gold supply of the worid was $179,000,000. In the period of the greatest gold production in the world in the past, from 1851 to 1860. there was produced $266,596,060. In the four years from and in- cluding 1891 to 1894 $641,787,7 Was pro- duced. More than twice as much in the four years as in the ten years and including 1851 10 1860. Gold depreciated then, and thereis no good reason to show that it has not depre- ciated of late years, Besides, the increase of silver since 1873 has been abnormal., In the first sixty years of this country the annual production never exceeded 29,000,000 ounces. After this period the Oulzut was iocreased by bounds, reaching in 1874 55,000.000 ounces. Between 1881 and 1885 the production was 93,003,914 ounces, and in 1 reached 93,297,200 ounces, which was an increase of 400 per cent over the average of each of the four years preceding. In 1889 the production Tose to 108,827,604 ounces. In 1894 it reached 166,601,995 ounces. Can any one doubt that this enormous increase of productiou, with possibilitics of unlimited supply, together Wwith a lessened and lessening demand, drove silver down below the level of all other com. modities? Here is a scope for the application of the law of supply and demand which Mr. Bryan is so fond of quoting. He says legisin. tion placed an artificial demand .ongold ana destroyed the natural demand for silver, He is mistaken. Commerce hes outgrown silyer as 8 measure of value; even as & medium of exchange it has been supplanted by many substitutes, by credit insiruments affecting prices and transferring values to the same ex- lent as any coin disk. The demand, the desire to possess, coupled with ebility to acquire, has gone from silver. The world's need 18 gold. Commerce demands it as possessing most value in less bulk and less variable and fluctuating, and before the laws of commerce the eloquent appeals of the Ne- braskan are impoteut and powerless. Sir, at the risk of trespassing upon your patience and that of this audience,1 venture 10 assert certain fundamental truths accepted by ail the deepest thinkers and most illustrious political economists of this and former times, Standard money, being a device to effect ex- changes and measure values, must be worth as much as the commodity it exchanges for. It must have, near a8 i1t may be reached, une varying value, and must have universal pur. chasing power. The value ol the money metal in the bullion, and not in the mintage. This value springs from demand and supply and the estimate placed upon it by the vast throng of exchangers and traffickers who swarm in the market-places of the world. Yes, sir, they are found wherever men dwell and offer what they have for what their breth- ren have. When two meet to exchange their commodities their respective minds are en. gaged in estimeting the qualities of the thin they desire to have and of the thing with which they wish to part. They compare, they examine, they decide. This 15 & mental pro- cess. It is wholly subjective, independent and voluntary. It i beyond the power of arbi- trary statute, beyond the power of king or Congress. That power cannot destroy this operation of the human mind in attempting to impair the value of one commodity or to en- hauce that of the other. Hence the assertion that the act’of 1873 destroyed the vaiue of silver is an economic solecism, founded on volition and estimation, fiat and before it the anguage of statutes fail ganlyzefl and crushed. No nation has ever een led, by government in defiance of com- merce, to adopt & meusurs of value and a me- dium of exchange. 3 Different commodities suit the differences of civilization and trade. and while silver may dnswer the needs of an effete and nascent civ- ilization, §t would not snswer the needs of the most progressive and most en.:ruc race on the globe—the American_ of . The people of the United States ive voluntaril; and intelligently adopted the gold stand and they will not submit to the dictation of the Chicago platform. Which of you by taking thought can 4dd one cubit to his stature? was asked by the saviors two thousand years ago. Which of the nations of the earth can by legislative thought 2dd one centime to the;value of one commod- ity more than the brains and the estimates of mankind give to it? The awful calamities to befall the Citizens of ‘this country when the thirteen. billions of trust fundsand savings are cut in two, when the Nation’s. trade is demoralized and disordered and the Nation’s banner is sullied, no man can predict. That they will be far-reaching and destruc- tive we know, but the extent oi the disaster is beyond conjecture. BIr, {Ato your hands I formally place the standard of our party. It waved over Jefferson and Jackson ulguw land, and it now waves over a distinguished patriot, who in peace and in war has signal- ized h{. devotion to his country. Never pefore was the patricidal hand of the Democratic party raised nst the author of its exist- ence—the constitution. Never before was its suicidal hand raised againstitsown existence. When we plead for the constitution we are called trditors. When we sirike down the felonious hand raised to destroy our party we are called bolters. With a firma resolve to do our duty by our country and by our party; with areliauce on the sober second thoughton the part of our infatuated brethren and on the vindication that honest purpose and sound judgment al- ways secure from.a wakened reason, we re- pudiate the Chicago platform as un-American and un-Democratic, and hoist the flag of true Democracy, that will never be lowered so lun§ as there are patriotic hearts to revere it an patriotic hands to maintain it. We all know that your exalted patriotism places country before party, and that the as- saults on the constitution of our country by the Chicago platform will be resisted with the same courage which you displayed on many a bloody field in its defeuse. We know that your devotion to your party is only surpassed by your love for your coun- try, and that the flag of Democracy which you unturl will ever be seen in the forefront of the battle wherever its foes assail or its betrayers soil it. And, sir, your hands will be held up in your noble fight for the constitution and Democ- racy by the soldiers who wore the gray. Their patriotism is aroused by the blending of the colors, the blue and the gray meet and melt into colors of promise, where eévery tint is an inspiration and every hue & call to duty, -nld Democracy and the country rejoice that a s dier of the Union and & soldier of the Confed- eracy unite in peace to defend their common country, its noble constitution and the great party which has upheld both since the founda- tion of the Republic. Toward the end of his speech Senator Caffery turned around and faced General Palmer. As he did so the latter arose and listened intently with hands folded to Senator Caffery’s ‘closing words. Then the band played “The Star-Spangled Ban- ner.” Mr. Bynum said General Palmer needed no introduction, and the audience yelled itself hoaise again. General Palmer tnen vroceeded to read his speech. His voice was very strongand could be heard very plainly by the crowds in the park next door and out on the sireet. Senator Pal- mer said : Mr. Chairman and Gentlemen: You give ma official information that delegates, represent- ing the National Democracy of forty-one States, lately assembled in convention, in the city of Indianapolis, honored me by desig- nating me the National Democratic candidate for the Presidency, and that the convention associated with me in the formal temporary leadership of that great historic party of the United States an eminent citizen of Kentucky, a citizen distinguished in arms and as the patriotic chief magistrate of hisand my own native commonweslth. < General Buckner and I were once, in & modest sense, representatives of opposing opinions upon fundamental questions relat- ing to the powers of the United States and of the respective States under the constitution. We met on the battlefield—where great public controversies that admit of no other method of solution are determined. Iknow he did his duty, and I trust the country believes that I did mine. The nominations made by the Democratic Convention at Indianapolis prove more conclusively thun snything which bas occurred within the last thirty years that the National American people are again united; that our | hopes, our rights, our auties are the same. The lotty and patriotic mission of the Na- tional Democracy is to maintain peace and or- der, defend constitutional liberty regulated by just and equal laws, and if possible avert frdin the country repudistion, bankruptey and National dishonor. I accept the unsought honor and responsibility imposed upon me by theé National Democratic Convention. I ac- cept them as proof that my Democratic feliow- citizens confide in my devotion to Democratic principles so ciearly and accurately defined in the convention proceedings. It was known to the delegates to the convention before this honor was conferred upon me, and is well un- derstood by the country, that my publie services commenced more than fifty years ago, and that since that time I have taken an active, earnest pert in the discussion and tlement of every public question which had at the time sufficient importance to attract pop- ular attention, My opinions and my public acts have been an open book, 10 be read by my contem- rafies. 1have been at all times controlied g; my own convietious of duty, and I have now no one whom I can properly invite to share my responsibilities. Taught by Jeffer- son, I of ed slavery when it existed. If- spired by kson, I defended the Union of the States 10 the extent of my ability, and influ- enced by his example, when my conduct as & military officer was challenged as violative of law, I voluntarily submitted myself to the Jjurisdiction of the civil courts. W Governor of my adopted State, while I oppom and by Feuceful means successfully resisted the interference of the United States by its military forces in the purely local con- cerns of the State, 1 distinctly conceded the right and asserted the duty of that Govern- ment to enforce within theStates or elsewhere its own laws by its own agencies. The matters to which I have adverted are but reminiscences—they relate and belong to the past. Our duties as lovers of our ('ountrg are present, and we must meet and deal wit! existing conditions, anG 1o these the late | National Democratic Convention addressed | itself. Itsplatform asserts truths which can demonstrated, and it correctly defines | Democratic principles. It asserts that “the | Democratic party is pledged to equal and exact justice to al: men of every creed and condi- tion; to the largest freedom of the individual consistent with good government; to t preservation of the Federal Government in its constitutional vigor, and to the support of the States in all their just righis; (o economy in the public expenditures; and it is opposed to paternalism in all class legislation.” Itaiso Tts that “‘the declarations of the Chicago convention attack individual freedom. fflv te contract, the independence of the judiclary and the authority of the Pre dent to enforce Federal laws. “They advocate a reckless attempt to Increas the price of silver by legisiation, to the aeb: ment of our nonetary standard, and threaten uniimited 1ssues of paper money b{ the Gov- ernment. They abandon for Republican al- lies the Demoeratic cause of tariff reform, to court the favor of protectionists to their fiscal heresy."” It then asserts, with earnestness and in terms which will not satisfy those who assert it, to be “the duty of a Democrat to first vote the ticket and then read the platform,” “that in view of these and other grave departures from Democratic principles, we canuot sup- K:" the candidates of that convention nor be und by its acts.” The convention held in Indianapolis then declares, with force and exactness, the Demo- cratic doctrines with respect to taxation, whether by tariff, excises or by direct im posi- tion, and asserts that none of these can be rightfully imposed except 1orgubllo purposes and not for private gair, end reafirms the historic Democratic doctrine of a ‘‘tariff for revenue only.” It is then asserted by the con- vention in its declaration of principles that ‘“the experience of mankind has shown that, by reason of their natural qualities, gold is the necessary money of the large affairs of com- merce and business, while silver is con- venlenflwagufl to iminor transactions, and the most beneficial use of both together can be insured only hfy the adoption of the former as & standard of monetary messure and_the maintenance of silver at’a parity with gold by its limited coinage under safeguards of law. ““Thus the largest i)onlbla enjoyment of both metals is gained, with a value universally ac- cepted throughout the world, which consti- tutes the only practical bimetaliic currency, assuring the most siable standard, and espe- cially the best and safest money for all who earn their livelihood by labor or the produce of husbandry. They cannot suffér when paid in the best money known to man, but are the gaculhr and most defenseless vietims of & de- ased and fluctuating currency, which offers continual profits to the money-changer at ir cost.” Realizing these truths, long public inconvenience and loss, the Demo- cratic party, in the interests of mankind and equal justice to all, grw‘iu\ly estabiished b, the legislation of 1834 and 1853 the gol standard of monetary measurement and like- wise divorced the Government from banking and currency issue, To this ong-established Democratic policy ‘We adnere, and insist ngon the maintenance of the gold standard and of the parity there- with of every dollar issued by the Government, itieontes i o, Fited B 10 ver and to the com Enrehue of '.?‘ er bullion. Fage i demonstrated by This lan; e is uta reiteration of the terse demand of the Democratic platform of 1892, that *“‘every dollar coined or issued by the Government shall have equal power in the market énd in the payment of debts.” The convention which assembied in Chi in July of the present year, in demandin @ unlimited coinage of silver dollars on the ratio of grains of standard silver to 25 &w of standard % T b e et Sl and priva er to the country & schéme fcom which et W eviry voter may expect whatever advantage to g’- coune imagina- try or ihmself his reason or even his tion can suggest. 3 The advocates of the unlimited coinage of 2‘;’;‘1 l:.nlzhndu silver da’-‘:: i to what © consequence of p.ion the United States of their favorite mnmre.w'l‘ho more intelligent know that it is im; ible by law to give the silver bullion or siiver coin & local value in the United States; and, there- fore, Mr. Bryan, who must be regarded as the official {nterpreter of the free sllyer dogms, asserts his beliel that the unlimited coin: of legal tender silver by the United States alone would incresse the value of silver bulllon, the | which is to-day 67 cents ounce, to $1 29, and ne asserts his belief that under unlimited coinage the silver dollar, contal 41234 grains of standard silver, coined by the suthority of the United States would be of equal acceptability and value with the dollar foutaining 25.8 grains of standard gold in all e markets of the world. It is something that this opinion has o s port in the .experience of mankind. It enough for present purposes to say it has no foundation other than the confident assertions of those who share in that belief. No party in the country ever undertook so much as do the advocates of the unlimited coinage of silver. They do not only undertske to maintain com- mercial parity in value of about 434,502,041 silver dollars, already coined by the United States under the authority ot the acts of the 28th of February, 1878, and of July 14, 1890, and of all the siiver dollars that hereatter ma: e coined, bat they assume the task of & vancing the value of the silver coinage of all the nations of the world toan equal accept #bility and value with coins of gold. If the expectations of such of the advocates of free coinage of silver are realized it would be difficult upon their own premises to perceivé what would be gained by those who expect cheap money. Accepting their claim that under free coin- age the dollar of silver would become ot equal aceptability and value and equal power in the markets and in the payment of debts throughout the civilized world, the silver doltar would then be as difficult to procure as the dollar of gold is now. They complain now that the dollar of gold has t00 much purchas- ing power and is too difficult to obtain. But the real expectation of the great body of supporters of the free coinage of silver, and one much more in_ harmony with the ex- perience of mankind, is thai the unlimited coinage of silver would give to the country a depreciated and cheaper dollar, which would enhance nominal vaiues and be used in the flyment ot debts, but would be atiended and ollowed by the ruin of all industries, the de- structiorr of public and private credit and irreparable mischiefs. 5 Our platform commits us to the maintenance of the Democratic faith. Many of our associ- ates, deluded by deceptive sophistries, are supporiing a coalition which disavows the traditional faith of the DemocCratic party. The best we can hope for them is that they may be defeated, and when defeated they may retuin to the safe paths that they have heretofore trodden. When Senator Falmer had concluded and the applause had subsided the audi- ence sang a verse of 'Old Kentucky Home.” Benator Palmer was presented with three ‘“‘American Beauty” roses as he took his seat. Colonel John R. Fellows of New York was then brought forward and introduced by Mr. Bvnum as the speaker to notify General Buckner. Colonel Fellows never showed bis ora- torical powers to better advantage, and his speech held the audience from beginning toend. Colonel Fellows said: Mr. Chairman and General Buckner: The National Demoeratic Convention which was recently assembled at Indianapolis, placed you in nomination for the office of Vice.President of the United States [applause] and through its appropriste committee conferred vpon me the high privilege of officially communi- cating to you tnat fact and requesting your acceptance. This magnificent gathering in your own State is the indorsement and fitting supplement to the wisdom which guided us to *hat action. At the threshold of this debate, here in the notification ceremonies and upon cverfi stump throughout this broad Republic, we ehall de- clare that it was the only assemblage of De- moeracy in this land. [Prolonged applause.] We will not deny that the convention which assembled at Chicago had the rieht, if they choose to exercise it, to declare Democratic principles. We simply content ourselves with asserting that they refused to perform their duty which was in their power to perform. [Applause.] 1invoke the memories of the past for my Democracy. It was 2ot breathed first across the plains of Nebraska. [Laughter.) Itspeaks to-night from the tomb at Monticello and the grave at the Hermitage with as potent a voice and should have as potential an influence as when these great fouuaers and captains of our faith spoke in visible tones. The Chicago Convention took keen delight in trampling under foot all the old precedents which had governed party action. It perpe- trated fraud by denying sovereign States their just representation in order ro secure the necessary majority by which to accomplish the nefarious purpose it had in view. [Ap- lause. All u]l their preliminary work was revolu- tionary and did but betoken the dastardly cnfnmn;m-uon that was finally reached. [Ap- plause. Do you recsll, sir, with what tender deli- cacy that Chicago convention touched the question of tari. I@uxhk:g Way, they were copfronted with swo possibilities. First—That too streng a declaration of old- fashioned Democratic doctrines mightalienate some Republicans with free-silver tenaencies whom they hoped to win to their standard. But the greater fear they had was the appre- hension that somebody might uhlilhgere— after in deldlx parallel columns the utterance of their candidate upon the question of taritf, when that was an issue, procleiming tnat a reduction of (axes was Tecessary 10 reduce the prices of commodities to consumers a: compared with his present declaration that we must debase our currency inorder to raise prices {0 the normal standard. [Abplause,] - It might involve them in serfous difficulties as the canvass went on, and it was the better way, and in that assemblage infinitely the easier way, to discard the old doctrine en- tirely and supply its place with something novel end refreshingly new to Democrats. [Laughter.] They found our business in a disordered condition and they declared that the proper way to make our business better was to make the money in which we transact it infinitely worse. They proclaimed, as you before eloquently stated, that the Federal power had no rijght to follow i1s flag and secure for it protectidn. The Democratic doctrine is pre- seryation of the reserve powers and inherent rights of the States. They shall be sacredly guarded alike sagainst internal riot and ageinst Federal interference, but as to Federal laws, as to those things that are fashioned and controlled entirely. hi’ the States of the United States, we declare in an- | tagonism to the declaration of the Chicago convention that that flag has a right to go wherever its statutes are written to see that they are enforced. [Applause.] The‘ tell us you eannot win, and I reply you shall be more” than conquerors. [Applause.] If success always implies the gewgaws ana trappings of power, if it implies the possession of the emoluments and profits which office brings, then indeed you may not win; but if success comes, as success wxa'l will come to him who tles for what he knows to be right, regardless of consequences and willing to die in the fight, if success means the performance of duty which involves self-sacrifice, the highest ~attribute and characteristic of duty, itself; if tnat the true test of success, then you shall be grandly triumphant in November, [Great ap- plause.] We are planting not aione for the resent, but to preserve our hope in the future, Applsuse.] In closing Colonel Fellowssaid : When Constantine the Great led out his mailed warriors to do battle for the Christian faith it is said that heaven itsel! vouchsafed the signal marks of its approval. In visions of the night the soul of the great leader was strengthened, and as the army drew near Rome, out of the sky there gleamed the cross, the symbol of our holy faith bt.rinfi this inscription, “In this we conquer, and the Christian warrior's army grew strong i the strength of hope and faith ase sured, meking his onset irresistible and his conguest complete. A cause scarcely less sacred beckons us to endeavor now. The pres- ervation of the honor and the integrity of our country, the kupln‘ of it and honor stainless ib the of the nations of the world, the preseryation unsullied and unharmed of the priceless legacy of political principle handed down to us from the ilius- irious past—all this is committed to your keerlnx. Take it. Teke it. It is a banner of Jefferson, the principle of Jefferson. Take it. It hes guided all your life. You have fought the good fight, who down to the end have n‘w the falth—you, under that sign, are eternally and everlasiingly victorious. [Tremendous applause.] At the last eloquent phrase of the mag- nificent oration tuere was a momentary lull and then like a storm there burst forth a spontaneous shout that shook the foundations of the building. The band chimed in with the strains of “Dixie,” but the music was drowned in the enthusiasm that found its vent in & constant roar of tremendous power. Not a soul kept his seat. Hats were tossed high in the air, men wildly tossed their arms and lad from the boxes waved their handkerchiefs and blended their shriller voices with the deeper cries of the men. It was mot the length of the.ovation that made the demonstration notable, but its intensity was wonderful and was not equaled by other demonstra- m%;of th-‘oundnm. ok en quiet was secured aga neral Buckner was introduced and after a rous- ing reception said in part: fll’!‘;'ig express I llx.&h 1 m&ngm my scknowle: Mr. Fellows, for the very graceful and eloquent terms in wfium u hu’c announced to me the action of the National Democracy. 1 know, sir, tha Spirit actuated that convention at Indianapoplis which looked more to that gen- eral principle of Democracy, that spirit of Nationalism rather than any merit in me in B ptanandins s kra adihed ler voca: the tr0e principles of +but B0, Mfs Chairman, for any merit in me, but be- cause of that spirit of Nationalism which always pervaded the Democratic party—that feeling crysiallized around us as an object to be ated with this gallant chiefiain in blotting out all past differences and sectional~ ism. [Applause.] I accept that position, Mr. Chairman, and discharge that duty with as much willingness asl everdhenlraex any on earth. [Applause. To associated with the movement which blotsout ali sectional lines forever and makes Us one peovle and one nationality. &)epphuu.] It is time that this ancient spirit of Democracy should be revived. We have had amongst us heretofore upon sectional hate; parties whicl have advocated special interests at the ex- nse of all otherinterests. We have had that publican party, ruling and controlling the destinies of this country, butlt up upon hatred and antagonism to nearly one-half of the country. But now, at the very mom entthat that part hasannounced that it will cease the conten~ tion of one section against enother—tnat nere- after it will be a National party—there springs up n;-ln and among us another party pro- fessedly built upon sectionslism, And what 1s that party? The delegates to that convention were appointed, it is true, under the regular authority of Democratic or- ganization, but when the primary convention met to choose delegates to the State Conven- tion neatly every primary meeting began their proceedings by reafirming the uniform prin- ciples of the Democratic party. he delegates which they sent to their State convention were therefore bound by the instructions they received to ad- here to the principles of Democ- racy. When the State convention met, almost without exception it, 100, reaffirmed the fundamental principles of the Democratic put{ and sent their delegates to Chicago bound in honor and every political duty to adhere to the principles of the Demo- cratic party. Did they do.it? You have been told by the gentemen who have preceded me how they violated their instructions. These gentlemen 8t Chicago claim that they were regular. Benedict Arnold was regular in his proceed- ings. [Applause.] Washington and his associates refused to follow such regular proceedings. [Appluuse.] And yet according 1o the ery of our friends at Chicago, Washington and the patriots of the Revolution were bolters of the regular proceedings and in the sama sense are we bolters, refusing to follow the leaders of this treachery, adhering as of old to the true Krlnulples of Demoeracy. The con- vention which met at Chicago was not Demo- eratic. Democratic faith is thatthe United States Government is supreme within the limits of the authority they have received from the States and from the people; that it has & right to go wherever that flag goes and it s its duty to enforce the laws of the land in accordance with the powers conierred on it; yet the Chi- parties butided up cago convention wonld wipe virtually out of existence that Supreme Court which interprets . the law, - forgetiung thet our ancestors 1n. England com- bated for hundreds of years to oblain 4 tribunal of justice ‘which s free from executive control; they wowld wipe that out of existence and subject it to the control of party leaders to carry out the dic. tates of the party; they would paralyze the arm of the General Government and forbia- the powers to protect the lives and property of its citizens. That convention almost in terms placed a lighted torch in the hands of the incendia snd urged the mob to proceed without re- siraint to pillage and murder at their discre- tion. [Applause. Mr. Chairman, the Democratic party can never indorse such heresy. We advocate the true Democratic platiorm which an- nounces still the old Democratic doctrine which may be summarized in & single sentence, the Jeffersonian docirine of equal and exaet justice to all and exclusive privi- leges to none. We insist that for every 100 cents’ worth of work done by the laborer he shall receive a doiiar worth 100 cents, We advocate the freest possible trade, and we insist that the commerce of the world shall be brought to our ports in free ships un- taxed for the benefit of any special interest in this country. Mr. Fellows, I accept the task imposed upon me by the National Democracy. It was un- sought by me and undesired further than as one who believes he i~ a patriot, is willine to devote the few remaining years of his life to | the interest of his country. Not cnly do I accept the charge imposea upon me, but acknowledging the authority of that great Democracy 10 place its members wherever it chooses. I obey their mandate and bear the flag which, through you, they have laced in my ids under our distinguished leader that vast conceurse of true Democrats who follow his steps, knowing that in the future as in the past they lead only in the | pathway of duty, honor of principle and of | patriotism. [Great applause.] There were a faw scattering calls for dif- ferent speakers when General Buckner had finished, but Cbairman Bynum came for- ward and_announced tbat the purpose of the occasion bad been accompiished, dis- mis:ing the andience. After being warmly congratulated by those close to them on the stuge the two candidates and notification - speakers entered carriages and were driven (o their respective hotels. T ) BOURKE COCKRAN TALKS. Propounds Further Questions Re- lating to Sound Money That Bryan Cannot Answer. CHICAGO, ILL., Sept. 12.—There was a big rally here to-night of the combined opposition to William J. Bryan and free silver. Hon. W. Bourke Cockran of New York delivered an eloquent and notable address at the Auditorium before nearly 6000 people under the auspices of the Awmerican Honest Money League. The only decoration in the magnificent theater was a great American flag draped behind the orator and Democratic statesman. Tne audience belonged to the business class, and the frequent outbursts of applause which followea the rounded periods of the speaker attested the thorough sym- pathy with the sentiments expressed. There were so many applications for tickets to the meeting that an overflow one was held in Battery D, which was at- tended by 2000 people, who listened to ad- dresses by local advocates of gold. Mr, Cockran was unable to address the second meeting on account of failing voice. Mr. Cockran, who was received with a storm of cheers and apzlauue and waving of handkerchiefs from the standing multi- tude, said in part: We can have neither part nor act with a man who prosecutes a umvnsn upon assertions that are libels on the grandeur of our institu. tions and the patriotism of our citizens; on the majesty of our Republic and on the virtue and intell gence of our people. I have fol- lowed all of his speeches since he left New York, and I cannot discover of what he com- lains, unless it be that the crime of 1873, as e calls it, has worked mischief irreparablé to the people of this country. Inmy speech in Madison Square Garden I propounded to Mr. Bryau a question of great moment, but as yet I have received no answer in Mr. Bryan’s speeches which he has since made. 1 made this statement then, that & de- basement of the currency would Tnecessarily work a reduction in the rate of wages paid to labor. Mr. Bryan and his Populist friends never will answer the question as to the effect of a debasement of the currency on the condi- tion of the workingman, because they never can. Wages are fixed by 8 law that is as immut- able as the season uges depena on produc- tion, and nothing else. "An iniallible test of pros| rur 1s the rate of wages paid to labor, d I will support any man who will raise the rate of wages, no matter by what political name. I bellevein high wages, because they o mean general sperity. 1 confess ds;"’t now’-nn the crime of '73 was, and I have some icion that Mr. Bryan does not. The question is not a change in the standard of values to apply to future contracts; that would not do much harm. Itisa ques- tion of changing the standard of value a) plicable to exist] {emnmm ‘which wnn& #ccomplish the robbery of the ereditor slass, The fraud which is being attempted will fall with the heaviest hand on the laborer and producer, who are always creditors. Who has ever heard that money was searce when confidence abounded, when credit was n sound, and when men trusted i e honesty of esch other? The stock ent of Mr, Bryan and the Populists is the infiluence of Engiand- on_this country. This whole state- ment about Engu.g: and English domination of our mone system if absurd. 1 would not afraid of this money power Wwhich they telx so much about if I was able to discover it. Iwould like to become & money power myself. The only money power I have Seen is where & pair of brawny hands were at ‘work making ething usetul for the family of mankind." I never heard that England was trembling becanse of fear that we would go to & silver s ird. If she is trembling it is With merrimei.t over the idea that her foreign trade would be ruined by the U adopting the free coinage of silver when she has accomplished the commercial contest of the world by the use of better money. Clvilization is not riot and revolution and hate; it is not war and conflict; it is mutual Saenos honor koot Wil elsve ence, houor, i ve can peaple will question in favor of their own virtue and own ¥e Dpeace, con- the Ameri- ALL UNDER ONE FLAG [ Continued from First Page. ever the prosperity of this country s blighted the railroads of the country are the first to feel it. [Criesof *‘Thal’s right”’] If products are not carried by railroad transportation there is no employment demanded for the operatives on railroad lines. Let us seek first to inerease trade at home and gradually so improve our merchant ma- rineas to give us greater advautagesin the commerce of the high seas. We will neglect neither, but by a wise protective tariff and reciprocity system increase both. [Great cheering.] Major McKinley spoke at some leneth of the enormous development of railroads in the United States during t he pass three decades, their traffic, etc., and added: All stesdily advenced and kept full pace with the increased prosperity of the country. This is the system, this policy of protection, the governmental policy, which we must again restore in the United States of Amenc'm [Cheers, and cries of “Hurrah for McKinley.”] Speaking of Pennsylivania, he said: T observe that while it was enabied to em- ploy 873,000 operatives in 1893, it had but 749,000 at work in 1805. You know better than I can tell you that it was a poor business | that caused this army of 124,000 men tobe no longer employed and that it was poor busi- ness that caused a reduction rather than an advance of wages. [Cries of “That’s right.”] The manufactories, the mines and the farms were not running on full capacity and the rail- roads in consequence were not doing as much or as profitable business as they ought to have been doing. Which policy do you like the Dbest, the old or the new? [Loud cries of “We want the Republicen policy.”] Decide this question for yourselves aud then vote !hn way. [Cries of “We’ll vote all right.”] Your spokesman has made an excellent and able ar- gument against (he free coinage of silver as it affects your business, and I need not attempt to enlarge upon it. Free silver would prove equally as disastrous—aye, probably more dis- astrous—than free trade has proven to the peo- ple of the United States. [Cries of “We have had enough of that.” alal ALL LOYAL TO THE CAUSE. The Mr. Hamilton Club Entertains Hanna at a Dinner, CHICAGO, ILL., Sept. 12.—Three hun- dred and fifty Republicans, most of whom were members of the Hamilton Club of Chicago, attended a luncheon which was given to-day at McKiunsley’'s by the club in bonor of Chairman Hanna. Fifty oth- ers were unable to be present for lack of room. Shortspeeches were made by Pro- fessor Thomas McClellan of the Pacific University, Portland, Or.; George Kretz- inger, E. E. Burley and Murritt Starr of Chicago. Mr. Hanna made the principal address, speaking to the point that the campaign issue now laid down by Mr. Bryan was vetween patriotism, intelligence and love for the law and Republican government, for which Major McKinley stood, and rev- olution, lawlessness and repudiation of republican institutions and Federal Gov- ernment, for which Mr. Bryan was now speaking. Congressman Belknap of Chicago, Ed- ward F. Brown, sub-treasurer of the Na- tional Committee, Chairman Hatch of the Illinois Committee and Executive Com- mitteman Dawes were also guests. There is a growing demand at head- quarters in every direction for tariff liter- ature now, the tone of the letters received at headquarters beiug that there has been a surfeit of currency arguments. Secretary A. B. White of the West Vir- ginia Committee reports the Republican prospects brightening in his State and the demand for literature and speeches in- creasing every day. Trainmen and other employes of the Santa Fe Railrodd system between Emporia, Kans., and Chicago will go to Canton next Friday night to pay their respects to Major M¢Kinley as mem- bers of the McKinley club organized on that road. They will start from Emporia and stop at all stations on the way to Chi- cago to pick up any club members who want to join the party. Ninety per cent of the Santa Fe Railroaa men are said to be for McKinley and all charges of coer- | clon are vigorously denied. Congressman Fowler of New Jersey,who has been speaking in Wisconsin, called at headquarters and predicted 50,000 major- ity in that State for McKinley. Herr Theodore Barth of Berlin, a member of the Reichstag, who is in this country to study the Presidential campaign, called at headquarters and talked with Mr. Hanna, He will go to Canton next week to see Major McKinley by appointment. Hon. Charles A. Foster of Ohio, ex-Secretary ot the Treasury, will make several speeches 1n Missouri in response to Chairman Fil- ley’s request. He may also speak in Kan- sas and Nebraska, many calls for his ser- vices having been received. PR e FUSION IN COLORADO. Ticket Put Up by the Democrats and Silver Bepublicans. DENVER, Coro., Sept. 12.—The fusion ticket of Democrats and silver Repub- licans as prepared by the conference in- dorses the Democratic electors for Brvan and Sewall and John 8. Shafroth for Con- gressman in the First and John C. Bell in the Second district. The State ticket is: Alva Adams, Gov- ernor; Sol Guggenheim, Lieutenant-Goy- ernor; Charles H. Whipple, Secretary of Btate; George W. Kephart, Treasurer; J. W. Lowell, Auditor; B. L. Carr, Attor- ney-General; Miss Grace Patton, Superin- tendent of Public Instruction; J. Pfeiffer and W. J. Orange, Regents of the State University. The Governor, Secretary and Superintendent of Public Instruction are Democratic nominees. The Silver-Populist ticket is: Governor, Bailey; Lieuton-nt-(}ovemnr, B. Clark Wheeler; Secretary of State, Scott Lee; Auditor, George Seaver; Treasurer, H. G, Clark; Attorney.General, N. C. Mil- ler; Superintendent of Pubiie Instruction, L. 8. Cornell; Regents of the University, Miss Ada McElroy and John M. Cochran. — e 4 Deal in Missouri. ST. LOUIS, Mo., Sept. 12.—Fusion be- tween the Democrats and Populists of Missouri on the electoral ticket was ac- complished to-day at a called meeting of the Populist State Committee. Chairman Build Up the system now with a few bottles of Hood’s Sarsaparilia and thus avoid that n run-down condition which invi = monia and fevers. e nbmoba Hood’s Sarsaparilla Is the best—infact the One True Biood Purifier. Hood’s Pjlls @ 1ot _oause vain_or gripe. All druggists, 25¢. i | seen Cook submitted the proposition of the Democrats for fusion. This gives the Populists one elector at large and three district electors on the Democratic ticket. In return the Populists will support Demo- cratic electors for the remainder of the places. The Populist Committee accepted this proposition by a vote of 11 to 6, CARSON INDICIMENTS, Horry K. Brown Formally Accused of Zicavy Defaloations CARSON, NEv,, Sept. 12.—The Ormsby County Grand Jury to-day reported to Judge Mack five indictments against Harry K. Brown, the absconding bank clerk. They charge Brown with embezzle- ment by three methods, as foliows: First, it is charged that he vaid creditors in San Francisco by check, issuing the same for several hundred dollars, while on the stub they appeared for $4 and other small amounts; also, that he made collections in the State in the name of the bank for other persons and pocketed the money; and, lastly, that he toek cash from the bank. The total amounts to §66,200. The Judge at once issued a bench war- rant, which was placed in the hands of the Sheriff. — - WEDDED AT MONTECITO. Benjamin G. Hayne Leads Miss Letitia Yonge to the Allar. SANTA BARBARA, Car., Sept. Benjamin 8. Hayne of Montecito was this morning united in marriage to Miss Letitia Yonge of the same place. The ceremony was performed by tbe Rev. Mr. O'Brien of the Episcopal church. Tha groom is a young man well known in San Francisco as well as Santa Barbara soci- ety, the son of W. Alston Hayne and a brother of Judge Robert Havne of San Francisco. The marriage was very in- formal and a surprise to friends, as no en- gagement had been announced. et SAN RAFAEL BICYCLE PARADE. Decorated and Illuminated Wheels in a Long Procession. SAN RAFAEL, Cav., Sept, 12.—The long-talked-of bicycle parade took place to-night and was accorded all the success anticipated for it. A large number of wheels were in line. Some exceedingly unique and beautiful illuminations were in the parade. The streets were crowded with onlookers, a large portion of 9. whom were visitors from other points. A banquet in honor of the visiting clubs, at the rooms of the San Rafael Athletic and Cycling Ciub, followed the parade. LERUE e San Diego Tax Rate. 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