ASTORIA PUBLIC LIBRAS! pQi
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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