Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-04-16


aware VI the loss and discrcjit, or com.
mcrcial suicide which, would come
from such n parting from the ways of
commerce and exchange.
An attempt 10 establish any other
standard than the gold standard In the
United States should lie by way OF an
international agreement. suppose the
seller Of cotton, pork, etc, needs gold
dollap and has right To cN-
rect them; lac claims them, but
the buyer offers 10 pay him In silver
dollars, under the legal endernc which
forces the seller TO take such dollars,
even ifhy free coinage without amend
meni- OF the act Of legal tender they
had become worth only so cents each.
What terms shall we apply to such
acts Of legal tender, which eau only
be Justified for the purpose Of collect.
ing forced loan9 They are nets OF
war. That there IL no danger In
coining rs many dollars ofsilycr orRold
Us the people want who may bring
their bullion 10 the mint 10 bc coined,
Is true. The only danger Is au abuse
OF the trust under the act Of legal
tender. Let thc law prescribe the
respective uses 10 which the gold dol.
lar ami silver dollar shall bc put In the
shilt Whys Nucnt tiA tneH ouiyf WIZ
free coinage be- safe"
Mr.. Atkinson submits with the paper
resolutions providing that the mlnt- be
opened 10 the free coinage Of dollars or
multiplc- OF dollars OF silver or gold;
that the legal tcnJer act bc NO amend.
cd M 20 provide that In all contracts or
arrangements In which the single word
"dollarv Il expressed the dollar pro.
vldcd by thnt agreement shall be the
dollar made " gold that all contracts
or agreements fof the payment 81
money In express terms Of silver shall
l,c Iaii Ia silver dollars or equivalent
thereof; that tho purchase Of silver for
coinage Into dollars At the cos, Of the
Government should cease.
SENATOR STEWART,
la his letter Of regret, says lao IL In full
sympathy with the Western states
Com morclal Congress, aud realizes the
necessity Of united action Of the North
aud South TO resist the absorbing av-
arice u the gold cpniractionisis OF the
commercial ccnt.ra Of Europe aud the
United States. IL was admitted that
enterprise must anguish, business bu
curt,llci aud progress and develop.
mcnt stayed 10y adherence 10 the gold
monomctalism. hut such was the
policy dictated 20 our Government 10y
the money changers. Silver had been
denouctizel aud there had been no
material increase In the volume VI gold
coin Ia the commercial woui. The
output Of gold hal been absorbed for
non'monctary purposes. Population,
business and credit had expanded
enormously, while gold for ultimate
redemption hid remained stationary
or declined. An oligarchy Of gold
mono.metaliists either owned or con.
tfollel by the bonds they held every
dollar Of gold coined In existence. lie
advocated that the people break the
corner by n restoration Of silver 10 its
proper place NJ money, and thus free
themselves from the conditions Inn
posed upon them. All the financial
laws enacted by Congress. for tho last
twenty-five years had been direct sub
-idies TO the money powers. How
long, lp asked, would the producers OF
the wealth permit such legislation? IL
was time for the producing classes,
especially those OF the West aud south,
20 assert their rights. Under dem0ne-
tilation silver mortgages have grown
heavier and prices Of farm products
lowered. lie advocated, then, the free
coinage Of silver and making II legal
tender, and said tho cOincI silver OF
| Europe wns legal tender on par with
gold, nj n premium OF about ~ per cent
above our standard dollar. The sug-
gestlon that under free coinage the Ill.
yer coin Of any country would lind
market In the United States, and suf-
fer n discount from 3! per cent IL
European silver 10 per cent on Indian
silver, was absurd. Other measures
might be necessary 10 supply the cir.
culating medium, but free coinage was
the first and most important step IN the
emancipation Of the masses from doml-
nation by the money kings.
- A ROLL or STATES
was then called for the Introduction OF
resolutions, which were referred 10 the
committee on resolutions, and among
which were the following:
by Hon. w. =. Bryan Of Nebraska:
That part Of the revenue necessary Tor
support Of the National government
should be raised from graded Income
tax; that all legal money OF the United
States should be made full legal tender
for all debts; that no advantage was TO
be gained by the people from II system
Of reciprocity m at present prepared,
hut We regard rs essential TO our well
fare freer commercial intercourse
with those nations which buy the pro-
duets Of our farms; that coal, iron, ore,
wool, salt, lumber, binding twine aud
cotton ties should he placed upon the
free list; that the tariff on the other
necessaries OF life DO greatly reduced,
aud that the luxurles be made to hear
the heaviest burden.
EX-GOVERNOR GEAR
Of Iowa, responded 10 an Invitation 10
address the congress, choosing the sub-
Ject, "Niarkets for Western Products. -
lie favored more complete railway
facilities, Improvement Of the water
ways and extension OF reciprocity
treaties.
A recess was then taken until this
evening, when several speeches were
made on various subj ects, after which
the congress adjourned until tomorrow.
The civil service Reform In the Navy
Yards.
WASHINGTON, April l5.-Secretary
Tracy issued an order today In further
ance Of civil service reform In the navy
yards. lie declares all positions OF
foremen and master mechanics In the
New York yard vacant attn June LIST,
aud convenes board Of naval officers
there TO hold an examination May III tn
TO allhpplicants for the vacant places.
TiuE BRtrisu IN INDIA.