The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-04-16

has right to expect them. He claims
them, but the buyer offers to pay him in
SILVER dollars under the legal tender act,
winch forces the seller to take such dollars,
even IL by free coinage without amend
ments of the legal tender act they have be-
come worth only so cents each. What
Terms shall we apply to such
acts OF legal tender which can
only be justified for the purpose of collect
ing forced loans9 They are acts of a war.
Ihere Is no danger in coming as many dol
lars OF silver or gold as the people want
VINO may bring their bullion to the mint to
De coined. The only danger is the abuse
OF the trust under the act of legal tender
Let the law describe the respective uses to
Wnicn the gold dollar and the silver dollar
shall be put in the same way. then. and
tnen only, Will free coinage be safe.''
Mr.. Atkinson submits with his paper res
olutions providing that the minis be opened
TO the Tree coinage of dollars or a multiple
Oh oollars or silver or gold; that the legal
tender act be so amended as to provide that
IN all contracts or ARRANGEMENTS on
Wnlch the single word ''dollar'' is expressed
the dollar implied by that agreement shall
De dollar MADE OF gold; that all contracts
OF agreements for the payment of money
IN express terms shall be for silver dollars
OF Inc equivalent thereof; that the pur-
cuase OF silver for coinage into dollars at
Inc cost OF the government should cease
Stewart IN his letter says he was in full
sympathy with the Western States Com
merclal congress and realized the necessity
vi united action with the north and south
10 resist the absorbing avarice of the gold
contractlonists of the commercial centres
Oh Europe and the United States It was
auinlbted mat enterprise must languish,
business De curtalled and progress and de
Velopment stayed by adherence to gold
mono-metalism. But such was the
policy dictated to our government by the
money changers. Silver had been demone-
tlzed and there had been no material in
crease in the volume of gold coin in the
commercial world. The output of gold had
Deen ABSORBED for non-monetary purposes.
reputation, business and credit expanded
enormously, while gold for ultimate re-
demption had remained stationary or de-
cnned. An oligarchy of gold mono-metai-
ISIS, either owned or controlled, by the
ponds they held, every dollar of gold coin
IN existence. He advocated that the people
preaR Inc corner by the restoration Of
silver to its proper place as money and
mus Tree themselves from the conditions
imposed on them All financial laws en-
acted by Congress for the past twenty five
years had been direct subsidies to the
money powers. How long," he asked, |
would the producers of wealth permit |
such Legislation 1t is time for the pro.
duc1ng classes, especially those of the west
and south, to assert their rights Under |
the demonstration of silver mortgages |
nave grown heavier and the prices of farm
products lowered He advocated then. |
the Tree coinage of silver and making it !
legal tender, and said the coined silver of |
Europe was legal tender on par with /
gold at a premium of about 80 per cent. |
ABOVE our standard dollar. The suggestion
va 81, Ii
any country would find market in the
nlted States and suffer discount of from
ga per cent. on European silver to per
cent. on Indian silver, was absurd Other
measures might be necessary to supply a
circulating medium, but free coinage was
the first and most important step in the
of the masses from the domi-
nation OF the money kings.
The roll OF states was then called for
me introduction of resolutions, which
we're referred to the committee on resolu-
ions, and among which were the follow
ng: BY Hon w. j. Bryan, of Nebraska;
nat part OF the revenue necessary for the
support OF the national government should
De raised from graded income tax; that
LII legal money of the United States should
De made full legal tender for all debts;
nat no advantage was to be gained by the
people from the system of reci- /
'rocity as at present prepared.
,ut regarded as essential to orr
Welfare freer commercial intercourse with
hose nations which buy the products of
'ur farms; that coal, iron ore, wool. salt.
lumber, binding Irvine and cotton ties
mould be placed upon the free list; that
he tariff on the necessaries of life should
'e greatly reduced, and that luxuries be
naoe to bear the heaviest burdens
Ex-Governor Gear, of Iowa. RESPONDED
o an invitation to address tho con1raee ,
hosing as his subject, Markets for West
rn Products" He favored more com
lete railway facilities, improvement of
water ways and extension of reciprocity
reaties. Recess was then taken until this
Venlng when several speeches were made
n various subjects, after which the CON
ress adjourned until tomorrow.