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About The daily morning Astorian. (Astoria, Or.) 1883-1899 | View Entire Issue (Aug. 3, 1893)
ASTORIA PUBLIC LIBRAS! pQi 4 3V. At !1 EXCLUSIVE TELEGRAPHIC PRESS REPORT. TOL. XL. NO. 175. ASTORIA, OliEG ON Til UliSDAY MORNING, AUGUST 3, 1893. ' - A - ; i PRICE, FIVE CENTS, A. JOJCLa Has Struck the Town. Big Betsy of the into Cooper's And Knocked The Bottom out of Store i : 1 L la mu Pi (fiTPi ylLiy) o ft i ll I) First Class Goods S aughtered The Greatest Reduction Sale Ever Known in Astoria. Positively, You Will Get Bargains. No Humbug. At the Midsummer Sale now in Progress. The Leading Merchant of -Astoria. tt OF THE PropliccyiDK Disaster if the Gold x Standard Is : BESOLUTIONS ARE ADOPTED Champions' of the White MsUl from . Various SUhes Ventilate Their Views n the Queatlon. Associated Press. Chicago, August 2 The Bllver con vention resumed its session this morn-Ipg- Owing to the inadequate rooms used yesterday It was decided to meet In the Central Hall, but an agent Stood at the door this morning and refused to open It until 1200 per day rental -was guaranteed. This was done and the delegates flocked in. presi dent Thurman called the convention to order. Ee-Senator HU1, of Colorado, addressed the convention on the sliver question. The arguments were chiefly based on statistics tending to show that the aptlon of the gold standard in any country was invariably followed by decades of poverty and depression. At the conclusion of Hill's address Hon. J. R. Doollttle of "Wisconsin, presented a resolution dechv!" if the duty of congress to jcoln both gold , and sliver in such ratio of weight that the bul lion in the silver dollar shall equal in value the bullion ia the gold dollar Referred to the committee on resolu tions. , Congressman F G. Newland, of Ne vadai, . followed In. an address review ing congressional legislation on the silver question. The committee on resolutions this afternoon submitted a long report The preamble, after reciting the antiquity of .bl-mtalllsm, reviewed the history of tha demone tization of silyer, in 1873. which led to the present distress by doubling the purchase power of gold. The preamble further recite that the money of the country Is Inadequate for the business of the land, ana in order to hold the balance level between debt or anfl creditor, the notion's supply of currency must increase with t Increased population and business. Resolutions then say: There must bo. no compromise "of this question. All .legislation demonetizing sliver and restricting the coinage there of mut be immediately and completely repealed by an act restoring , the coin age of the country fa the conditions established by the founders of the na tion. The resolutions assert .the power of this nation to stand on Its own feet, and legislate for itself upon all sub jects. The only remedy for the pureiy metallic financial troubles is to open the mints of the nation to gold and silver on equal terms at the old ratio, 16 of silver to 1 of gold, United States Senator Allen of Ne braska produced much! enthusiasm by a brief speech in which h pledged tha people's Party to the cause of sil ver. The populists In the senate, "he said," would not be wanting in sup port of free coinage at the ratio of 1 to 16. While the Sherman act is objection able, the resolutions protest against the repeal of the act except by an act restoring free blmetalllo coinage ag It existed prior to 1873- The resolutions assert that the unparelled calami ties which' now afflict the American people are not due to the so-called Sherman act, and In proof thereof call attention to the fact that the same evil conditions now prevail over all the gold standard world. Bad as is the state of affairs in this country. It would been still worse, but for the Sherman act, by which the nation has obtained to some extent , the expand ing of circulation. The resolutions in sist on the punchase of the full amount of silver each month. Governor Walte of Colonado spoke at great length- He asserted that since 1878, congress has convened, but that a majority in both houses were in favor of restoring the free coinage of silver. Congress has never been able to enact such a law because the president, whether republican or democratic, has always been nominated by Wall street, and stood ready to Interpose his vto. Congressional legislation, and nothing else, has reduced the price of sliver bullion from $1-32 per ounce In 1873 to 70 cents In 1893, and legislation for which the two old parties are equally responsible, has reduced the price of wheat In the same time from $1-41 per bushel to 53 cents. The same legislation has reduced the pric of cotton from 1J310 cents to 7 8'lOcents in the same time. The ratio of the val ue of silver as bullion, compared with the gold dollar, has been increased from 1 to 1 to 22 1-2 or 2i to t It has not only diminished the value of silver bullion, but has also diminished al most In the same proportion the value of wheat, corn, pork, beef, cotton and the wages of labor." Walte further said: "The International conference for the purpose of settling our ' money af fairs by dictating foreign money pow ers, is the moss contemptible and God forsaken Idea that ever entered the brain of ; American citizens. If - we have become, under' the rule of the two old parties, only a province of Eu ropean monarchles.then we need another revolution, another appenl to arms and to the God of hosts." This evoked great applause. In closing the gover nor said: "Who 1 Grover Cleveland? And who Is Benjamin Harrison? And who are their supporters in Wall street and Chicago, that they dare assume to drive Into poverty and exile half a mill ion American free men? There is no use crying peace, when there Is no peace. The most dangerous tyranny is that enforced under forms of law. Our weapons are arguments and ballot free ballot, and fnlr court,- If the money power shall attempt to sustain its usurptlon of our rights by a strong hand, as in other lands, we will meet that issue If It tsforced upon us; for it is better, infinitely better, rather than that our liberties should be destroyed by the tyranny that Is opposing hu manlty all over the world, that we should wade through! seas of blood yea, blood to horses' bridles." Ex-Congressman Pierce, of Tennessee, who was Bland's lieutenant In the last congress, was greeted with great en thuslaHm a"d proceeded to arraign I'res Ident Cleveland In a vigorous manner. He began by asserting that the democ racy had na hand in the demonetlza tlon of silver since 1873, when it was demonetized. " Democratic represent Hyes fronv the South and West, con stltutlng an overwhelming majority of the democrats on the floor of congress, have, evwy time that a frw stiver bill was presented, cast their votes in the interest of the ijeil'le- overwhelmingly for free silver, ' A voice fivfn the audience cried: "What will Cleveland do?" "Cleveland does not represent the democratic party," quickly retorted Pierce, and then the convention broke loose- Men Jumped to their feet and cheered, while a hundred voices yelled, "that Is so; he represents Wall street," "I say today as a democrat,", re Burned Pierce, "that Grover Cleveland, the man from the East who claims to represent the' democratic party, does not represent It, "but misrepresents Its "position on this question.-" " ' Pierce added that Cleveland was nom lnated because the people throughout the South thought he was the man to protect them against the force bill. They also believed he was an honest man, and would' not attempt to' go against the interests or the will of his party vpon arty question. That the leaders' were mistaken Cleveland's ae Hons today shows. (Applause and hissesl. About this time a populist from Geor gla asked Pierce how Crisp stood. He replied: "Crisp has stood for twelve years by the people on every vote In support of free coinage, and I cannot believe he will play Judas now." "How about Carlisle?" yelled another delegate. "If Carlisle favors the unconditional repeal of , the Sherman act," replied Pierce, "he has gone back on his rec ord. and all fhe people he has repre Banted for years." Chairman Thurman, who yesterday expressed. In his speech the greatest personal regard for President Cleve land,' criticised Pierce for drifting into a ' partisan discussion. He was almost afraid, ho said, to call on another speak er for fear some one would think It necessary to get up and defend the prohibition party. "We are not here," he said, "partlians in any way. I hope we will have no more parltslan ship." When Regan moved the adoption of the platform there was a loud protest from Carl Brown of California, who ob Jected to the second clause, which de clared gold and silver to be the basis of all money. He thought land should also be regarded as a basis of money. This met the unanimous approval of the populists, and for a moment It seemed as f Brown's amendment would sweep the convention. After much excitement the word "basis" was stricken out, and the words "standard of value" Inserted in lieu thereof. The resolution was then adopted by accla motion. . The address ,Cf, Chairman Warner of the bimetallic league, de llvered before the convention yester day. was adopted as the address of the convention to the American people. THE GOLD RESERVE. It Is Once More Above the Hundred Million Mark. Washington, August 2. For the first time since April 20th lost, whcn the gold reserve fell below the $100,000,000 mark, the reserve has been made In tact. The gold in the treasury today amounts to $100,791,370 or $791,370 of free gold. Information In the treasury circles indicate that $10,000,000 In gold Is now on the way from Europe to the United States, and most of this. if Is expected, will find its way as usual into the treasury. Secrolary Carlisle, today, after a conference In New York with eminent- financiers, directed apt Insj secretary, Curtis, to send th efol lowing telegram to 1250 national bank depositors throughout the United Stiiltes; Your authorized balance is hereby fixed at par of security." Trans fer excess whenever practicable to the nearest sub .treasury." This action of tha treasury department will release to the banks about $900,000, and It is the intention as far as practicable to relieve the financial stringency pre, vailing In the country. THE MONEY IN CIRCULATION. Washington August Tli clrc.u latlon statement issued by the treas ury department, shows the amount of gold and silver coin and certificates. United States notes and national bank notes . In circulation August 1, Wis $1,611,099,117, an Increase during the month -bf July of $17,237,606. HEAVY LOSS BY FIRE- Poughkeepsle, N- Y., August 2. Ex- Vee-Preside(iit Levi M-ton's Jn mense barn near Rhlnebeck, with out buildings and a hundred head of Guernsey cattle, and all his farm houses, were burned this morning. Loss, over $100,000- IN THE RECEIVER'S 'HANDS; Denver, Col. August 2 T. E, Jeff ery. president of the Rio Grande, was today appointed receiver of the Rio Grande Southern on the application of -Otto Myers, of the inter. v HUNGARIAN WHEAT CROPS- Budn, Pesth, August 2 The Hun-' gurlan wheat crop Is expected to be one million hundrerwelghts above the estimates. The quality is excellent. BRASS WORKS CLOSED- Elyrla, O., August 2 The Lorain Manufacturing Co., the largest brass works in the country, has failed; as sets, $192,000; liabilities, $100,000. THE BLOCKADE RAISED. London, August 2 It is announced that the French! blockade of Bangkok was raised today. For .an $80 -lo By becoming a member of Hill's lot Clubs you can get a first-class lot in Hill's First Addition to Astoria. Lots will be delivered weekly. How is the . fnJiCJV time to procure a lot to build a I) home, for KJjLzz CITY BE Blank Hooka, Fine Stationery, 5an'l ill Goods, Footballs, . Manimookp, TJaby Carriages. - New Good arriving daily. Low Prices for Cash. GRIFFIN & REED