The Indianapolis journal., 1890-12-12
put s.. .000. .0O0-about all be had-in English
consois OF course it is foolish, but people
are alarmed


Address % Congress by the Executive Com
mittee OF the National Silver Association.
WASHINGTON. Dec. 1.-THE national ex-
ecutivs silver committee to-day issued the
following address to Congress:
The national executive silver committee, be.
ueving that the present money stringency and
the breaking down OF credit ON both sides OF the
A.iAnuc are due mainly, II not entirely, IT, the
atlempt TO conduct the worlds growing business
ana discharge It's vast debts on the narrowing
basis OF gold as the single money standard, again
resto. poas 70 CONGRESS 20 delay no Longer tne
~1tn all the rights or coinage and legal tender
possessed 10y gold. All attempts to relieve the
present stringent condition by increasing the
volume of fractional currency or multiplying
credits are expedients that at best afford but
temporary relief. With the supply of gold con-
stantly diminishing. while population Is con-
stantly increasing and the business Of the world
rapidly expanding, the recurrence OF such con.
ditions as We are now experiencing must come,
forcing the periodical adjustment OF prices and
business to the ever-contracting scale Of the sim
gle gold standard.
What is needed is a broader basis of primary
money, constant and adequate In supply: To
secure this, bimetallism must &c re-establfsned
and the attempt to stretch the single gold stand
ard over the world be abandoned. There has
never been in the past, Is not now and will not
likely ever be too much gold and silver to supply
the worlds needs of money This Is evidenced
by the existence OF the fact that these metals
are TO large extent, supplemented by paper
money. To supply the population OF the United
States alone for the next century with the same
per cent OF money we now have, will require
production o. the metals as great as the entire
production OF the American continent since its
discovery by Columbus.
With Tree coinage Of silver the difference be-
tween silver bullion and silver coin must at
once disappear and end silver speculation. IL
everybody can have silver metal converted into
coin, free of cost, at the rate of 81 Il grains TO
the dollar, then, of course there can be no differ
ence between the value of given weight OF sil-
yer in the form of bullion and In the form OF
coin. Again. the fear that with free coiuage
the parity OF silver aud gold on our ratio
of 16 TO viii be broken, 1t is believed is not well
founded. Certainly this cannot take place and
continue permanently until silver enough has
been coined to provide us with our full distr1bu-
tive share OF the worlds money, independently
OF which at least $3.50, 900 900 Is gold. Silver
enough must be coined, then, to give US full
81 500, 100000 besides the gold, and besides
enough to take the place or retired bank notes
and supply the requirements OF our increasing
population and growing industries. Besides. the
the same degree to displace gold that silver
will Which, then. is best-metailic money con-
slant I'm supply. self-regulating, and that needs
no redemption. or additional credit money, to he
some time redeemed in gold that becomes con-
stantly dearer as demands upon IT increase.
The welfare of civilization is involved in this
issue. The people of the whole country demand
to both gold and silver for money to carry on
business and the discharge OF all money ob|iga-
tiOns shall be restored to them. and the agitation
of this great question Will not cease till this de-
mand Is granted
The address is signed by Gen. A. j. War
ner and Francis j. Newlands for the CON-
mittee.