Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1885-10-28
,trive to hinder the consideration Of any

strive to hinder the consideration OF any
plan to circulate silver dollars at all.
If the silver men will unite upon fair
and honest measure they can carry it; il
they do not their defeat is certain. Nc
plan which does not propose to increase
the weight of the silver dollars will pass,
and no bill which does not provide for the
circulation Of silver through government
notes ought to pass. Your plan, which
SO fairly meets the objectiona about the
ratio of gold to silver, receives no favor
from the protested silver men, who say
that they want an "honest silver dollar =
the truth is that such are under the power
of the gold rulers and will vote with them
when the test comes.
If silver men can be made to believe
that the unconditional suspension of the
coinage act of 1878 will enhance the price
of silver they ought to hasten to an asy-
lum for idiots and not go to Congress.
Free coinage of silver, or what is the
same in effect, allowing any one to deposit
coin or legal tender notes at the rate of so
many grains to the dollar as shall equal
in value the gold dollar-the grains in the
silver dollar to be determined by the
average value of silver for the last three
years-that will increase the price OF
silver and largely benefit the country.
1t is true that we drop the twaddle
about gold being "the life blood of the
nation" and cease to tremble at the state
ment OF gold. No considerable amount
of gold ever goes abroad except to pay
balances, and if we had legal tender sill
yer notes of gold value, the shipment Of
r,01I 1sok,,~.
than the shipment of wheat.
There is nothing in the objection that
silver may sometimes rise or fall. If sill
yer should rise above par it would go
abroad to pay balances or to be returned
in gold. If it fell below par it would stay
here and perform all of the functions of
money, and gold shipments would cause
no panic.
This is the richest nation in the world,
and we are not a debtor nation. It is
time that we had financial system of
our own, suited to our conditions, AS every
other nation has, and it is high time we
cease begging the old monarchies of Eu-
rope to tell US in what ratio to gold we
may coin silver.
1t will be a sorry day for this vast
country, which requires a currency of
proportionate amount, when the currency
is reduced to gold and controlled by a
comparatively small number of capital
lists who can combine, as they have done
in England, to make money eight" in
order to extort tribute from those who
have debts falling due. 1t is true that
the people do not yet understand how it
is, that those who are diligent in bust
ness, careful and honest, find their saw
ings swept away by tight money. mar
ket which drives them to great sacrifices
of their property in order to meet their
liabilities. Reduce the currency to gold
and such will have more stringent expert
ence, land may perhaps discover that it is
in the nature of fallen man, by means of
combinations, to seek dominion over his
fellow men
In England the money power has COM
bined with feudal lords and the great
land owners, and the best Of them boast
that "they stand by their ORDER In this
country while slavery lasted, slayehold-
ers "stood by their order" The only
real order left with us is the money or
der, and he must be drowsy observer
who does not see that its power is fast in
creasing. Contract the currency to gold,
make it sole legal tender, and in fifty
years revolution will come or pauper la
Dor degraded as that of Europe.
| am ever faithfully yours,
EDWARDS PIERREPoNT.