The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-02-19
The Silver Question.

NEW YORK, Feb. 1S.-A mass MEETING n,
the silver question was held tonight in III.
cooper oUnlon under the auspices of thu
committee appointed at the National Silye,
convention at st. Louis last fall. Genera
Edward Curtis, of San Francisco. had tbt
meeting in charge, and with him vvere
Seneral Warner, of Ohio, chairman of thf
National Silver committee, and ex-Assem
blyman Thomas Fitch, of Nevada
General Curtis called the meetinp
TO order, and ex-Postmaster- Generai
James was elected chairman. James
naGe orlet address and said
ne 1elt honored in being called topreside al
the meeting. His leaning, however. had
always been IN the opposite direction. butin
FAVOR OF Tree speech, and he wished to hear
both sides of the silver question. The fol
lowing gentlemen were announced as nres.
ent at the meeting: Edward Pierrepont
e%-Mayor Grace; John THOMPSON: n
Ihurber; ex-senator Warner Miller. lanes
b. Colgate; John Straiton; G. F, CO... Us n
y. Boyd, apd Z. Burnes. All these were
on the platform except Pierrepont. Grace
Miller and Thurber. az
General Warner was the first sneaker
he SAID nothing could concern the nnonla
more than money. He presumed that ali
would concede this as fact not to be dis
puted that the present ranger of stan1a
commodities in the world was as
low now as in 1S4S and 1S47. or
before the gold discoveries in Cal
1ornla and Australia. To-day to get :, dol
lar the farmer must give three measures nf
wheat and the manufacturer three tons
OF IRON to get as much gold
as two measures would exchange for in
1913. Is the change in the goods or in the
measure: There is the same number of
grains IN gold dollar as in 1873. A change
IN money may come by increasing or de-
cfeaSlng Its value, or increasing or de-
creaslng its weight Take the period of
twenty one years previous to 1873 when
the production of gold and silver was
at the rate of $l62, 000, 900 per year.
During that period wealth increased as II
never did before. There was an outhursf.
OF phenomenal prosperity. In 1873 prices
began to fall, and they continued 10 fan
ana grow less than when gold was discov-
ered. From 1873 down TO now, Germany,
Italy and the United States not
only absorbed all the gold that
had gone into use during that period but
nave compelled redistribution of gold in
oUner countries. In three decades the
population will be greatly increased. and
Where is the money to come from for the
increased demand But this is the pros
pect the gold magnates hold out to u.s. Are
we TO stand this Are the debts OF the
world to be discharged at the prices of
PANAoOOo III lne fourteenth century No
congress will be called upon TO right the
wrong done IN 1873 by restoring the coinage
d silver. Why That act demonetiz-
inS silver was no more iustiiable
Than an hierarchy. Where is the RIGHT of
one class to change the measure of
anotner! Why, if it had been proposed to
aod another metal to gold and Silver 10
cheapen money the people would have
cflea out against the fraud. Is it any more
lusdnaDie TO change the measure in such a
way that 1t would not be found out? II
was done not for the benefit of the world
but for small minority
EX-Congressman Fitch followed General
Warner He said there was no longer anv
problem of honest finances, but it was only
rascallty that seemed to tangle up the null !
DUPLICATION table ut is a truth,n he said.
that the value Of all things should be meas
ured by money and money by its quantity
Whatever might be said of paper money
limitations no instances could be recorded in
all history of the civilized world where any
injury to industries was done by the in (
creased coinage of gold and silver. This
is because 1t is an imitation which in the /
nature OF things would be benefit to Its
productions. In 1865 at the con
ciuslon OF the civil war the industries |
Oh the south were Frustrated and the in
uustrles OF the north unsettled and |
perturDed- From 1865 to 1873 we were |
pnsy knitting up the Industries that the /
war mad unravelied and creating and re-
creaung homes all over the country. There
was no reason for interference in this
WORK Jnere was no excuse for the demonc- j
lzatlon of silver. Destinations have