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'Cbe Conservative.
WANTED BY TIIK To purchase all
POPUUST PARTY : the railroads in
the United States , subject to their in
debtedness of eleven Imudred millions
of dollars. The populist party would
not issue a bond to get good gold stand
ard money with which to pay off the
gallant men fighting in Cuba and the
Philippines ; but the populist party
would bond the country to pay for rail
roads. The populist party would use
government credit to purchase the
chance of assuming more than eleven
billions of dollars of railroad debts and
also for the equities and control of the
present owners and managers.
1'UOGRAM OF THE NATIONAL CUR
RENCY CONVENTION.
To bo held in Omaha , Nebraska , in the Audi
torium Building 011 the Grounds of the
Trans-Mississippi Exposition , September 18
14 and 15,1898.
( Subject to slight modifications. )
FIRST DAY GOLD DAY.
The convention will bo called to order
at 11 o'clock in the morning by J. Sterl
ing Morton , of Nebraska , president of
the National Sound Money League , who
will preside and deliver the opening
address.
Addresses will follow in the following
order :
Horace White , editor of the New
York Evening Post , on "The History of
the Gold Standard. "
Governor Leslie M. Shaw , of Iowa ,
on "The Farmer's Interest in Sound
Money. "
H. P. Robinson , of Chicago , editor
of the Railway Age , on "The Gold
Standard and Railroad Interests. "
Louis R. Ehrich , of Colorado Springs ,
Colorado.
Recess at 12 :45 : until 2 :80 : in the af
ternoon.
Addresses , mostly short , on the impor
tance of maintaining the gold standard
and in opposition to the free and un
limited coinage of silver will bo made
by the following speakers and others :
Edward Atkinson , of Boston , Mass.
Hon. J. M. Carey , of Wyoming , sub
ject , "The Gold Standard from the
Standpoint of the Western States. "
Judge M. L. Crawford , of Dallas ,
Texas.
John P. Irish , of San Francisco , Cali
fornia.
In the evening there will bo a general
debate in speeches of not exceeding ten
minutes each in length , on the argu
ments advanced during the day in ad
vocacy of the gold standard.
SECOND DAY SILVER DAY.
The convention will be called to
order at 11 o'clock and on invitation
of the regular presiding officer , Mr.
Morton , Hon. Chas. A. Towno , of Duluth -
luth , will occupy the chair.
Mr. Towno will deliver the opening
address on "Tho Coinage and Use of
Silver as Standard Money co-ordinately
with Gold. "
Mr. Towno will designate other
-
IP'
speakers to follow him on the silver
side , among them will bo
Senator James K. Jones , of Arkansas.
Hon. C. S. Hartinan , M. C. , of Mon
tana.
H. F. Bartine , of Washington , D. C. ,
editor of The National Bimetallist.
Hon. Horace Boies , of Iowa , will pre
sent his plan for maintaining a bimet
allic system of money.
Hon. C. N. Fowler , M. 0. , of New
Jersey , will speak in opposition to the
bimetallic double standard theory.
The arguments of the silver speakers
will be met also in speeches from the
single gold standard point of view by
able orators including the following :
Hon. Platt Rogers , of Denver , Col.
Hon.Edwiu Burritt Smith , of Chicago.
W. C. Comwell , Buffalo.
J. Adam Bode , of Duluth , Minnesota.
H. L. Framing , of Ohio.
The debate will be thrown open to
all speakers who desire to talk for five
or ten minutes each and will bo pro
longed into an evening session if the
audience desires. Hon. C. A. Towne
will close the discussions.
THIRD DAY PAPER MONEY DAY.
The convention will assemble at 11
o'clock. The opening address will be
by Hon. A. J. Warner , of Ohio , who
will advocate a paper currency com
posed exclusively of government notes.
Hon. J. H. Walker , of Massachusetts ,
Chairman of the House of Representa
tives committee on Banking and Cur
rency , will reply.
After the noon recess addresses on
"What is the Best Form of Paper
Money" will be delivered by
Hon. O. N. Fowler , of New Jersey.
L. D. Reynolds , of Chicago.
William Dodsworth , editor of the
Now York Journal of Commerce.
Geo. H. Shibley , of the American
Institute of Money and Prices , and by
speakers invited by the Reform Press
Association , of Chicago.
Hon. J. H. McCleary , of Minnesota ,
will explain the provisions of the cur
rency bill , generally known as the
McCleary Bill , reported to the House
at the last session of congress by the
committee 011 banking and currency.
Arguments in favor of government
paper money will bo met also by other
able opponents of that system and up
holders of the single gold standard.
These will include
George Francis Peabody , of Now
York City.
M. E. Ingalls , of Cincinnati.
H. W. Peabody , of Boston.
A general debate will follow on gov
ernment paper money versus bank
money.
[ .Communicated. ]
It is not clear to me that "demand is
the sole creator of value. "
That it is a prime factor in the regu
lation of values is clear , but it is only
one of the factors and must bo consid
ered in connection with others , such as
the relation of supply to demand , com
petition , etc.
If demand were continuously and per
manently uniform for all the products /M
of labor in all their infinitude then
the value of each would bo controlled by
the degree of labor bestowed in produc
tion. Wo could then say that labor is
the solo creator of value ; as it is the solo
producer of wealth , but if demand _ ,
should fluctuate then our view must bo * '
modified by the incident.
Exchange the relative positions of the
precious metals , gold and silver , and the
demand would change to the white
metal , thus proving in tliis case at least ,
that demand is a result , and a result
cannot be a creator.
Demand may and does exist for arti
cles that have not or cannot bo produced
but no values ore created thereby.
Your illustration in regard to the
manufacture of ice at the poles and
blankets at the equator is correct , but
only as a half truth , for if the demand
existed at those places and the supply
did not , there could bo no value.
It might as well bo said that the
grace of God is sufficient to save a soul
where no soul exists , for like demand
its power is only regulatory , not crea
tive. MAO.
August 9th , 1898.
J. Sterling Morton's now paper , TIIE
CONSERVATIVE , is now before the public
and Morton says it will declare for the
continuance of the single gold standard
in the monetary system of the govern
ment of the United States and will com
bat the free coinage of silver at 16
to 1. Mr. Morton did not need to go to
the trouble of telling his readers where
he stood on that issue for the raw breaks
he made during the last presidential
campaign would bar him from taking
sides with the American people. He
belongs to the capitalistic class. Peter-
burg Index.
To the editor of THE CONSERVATIVE :
In a recent communication to the
Daily News , Judge Howard of the Papil-
lion Times , leaves a very crooked im
pression on the mind of the reader , in
his attempt to keep history straight , by
his effort to prove that J. Sterling Morton
is the father of fusion in Nebraska. Ho
admits that the proposition came from
a committee from the Rosewater antimonopoly -
monopoly convention , which "marched
into the democratic state convention"
held at Omaha , in September , 1884 , and
asked to confer with the democrats and
proposed to join hands in nominating a
state ticket.
I had the honor of being a delegate to
the democratic state convention hold in
Omaha , in September , 1884 , and was as
signed the duty of presenting the report
of the conference committee which had
been appointed by a majority vote of
the convention to confer with the anti-
monopolists who wore then assembled
rn.
