The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1891-06-26
Silver ADVOCATES

Address of tia National silver C0HaEaisssO
Demand For Double Coma ge-A Panic
Prevented By Timely Legislation
NEW YORK, June 22-The nstionsl
executive silver committee met at the
Hoffman house There were present
Gen A J. Warner of Ohio. chairman;
Francis G. HeElands of Nevada vice
chairman; L. nj. Rumsey of Missouri
and Lee CrandaI of Washington, sec
rotary. Senators Jones and Stewart Of
Nevada were at the hotel and gave the
committee the benefit of their advice.
AS result of their deliberations the
committee gave out the following ad-
dress TO the public:
The national executive silver com
nittee desires to call the attention of
the country to the object lesson which
is being exhibited in the desperate
struggle of the great financial institu-
tions on both sides of the Atlantic to
increase the gold reserve to avoid bank
ruptcy and ruin and that any increase
by any one necessarily reduces the re-
serves of the other. Why should such
q condition of things exist in time of
profound peace and abundant harvests?
Why should all the great banking in
stisutious attribute stagnatiOn and hard
times to scarcity of money, while they
are exerting all their power to make
money scarce by adhering to the gold
Is not enough gold to maintain the
business and credit of the commercial
world?
For eighteen years the basis of credit
in gold standard countries has been
growing narrower as the single stand
ard has been extended and the prOduc-
ton of gold fallen of, while the struct-
ure of credit has been growing proper
tionately larger and more insecure IN
til the relation of credit to actual
money, as disclosed by the Barings fall
ure in gold standard England, has
alarmed the world and started anew the
scFamble for gold that threatens all
business undertakings and stalks as a
menace to every legitimate enterprise.
1--WE have been doing business, paying
debts and distributing our annual prod
ucts by money standard that has been
growing dearer and dearer until it is 80
per cent higher than eighteen years
ago, when silver was clandestinely de-
monetized- The people are determined
| that this injustice shall cease and it
will cease in spite of the sOphistry OF
gold wOrshipers or the cupidity OF credit
holding classes. The remedy is in the
restoration of bimetalism. Support the
credit structure of the banks and the
country by both the metals under free
/ and unlimited coinage.
Had it not been for the increased
coinage of silver under the act of July,
1890, we could not have stood the drain
| Of gold that has recently been going
on without the precipitation of a panic
and the prOstratiOn of business. Colo
and silver without limit are money by
the constitution. This money must be
restored to the people This is the
paramount issue in this country and
should be made such in the elections
this year.
eve regret that the republican state
convention of Ohio practically declared
against the free use of silver as money,
when they Endorsed an act of congress
which treats silver as a commodity
The demand for free coinage of silve,
is a demand that silver shall be cOine'
for use as money, not bought as a com
modify. It is a demand that silver 1t
self shall be money and be coined il
the same manner for use as money as
was Tor scores of years before Mr.
Sherman omitted from the mint bill il
! 1873 the silver dollar.
eff the silver of the world and ali tina
l can be produced cannot be restored t
it's place as money to supplement gold
bankruptcy and ruin are inevitable uu
less some other kind of money can b
3 devised to take the place of both lie
1 the Ohio convention. representing tn
n | gold trust, take warning that
{ | will be demOnstized and ps
t per substituted for both gold an
silver. The people will not be do
strOyed for want of money. The gol
( | trust, by rejecting one OF the preciou
e metals, has taught how both may b
d rejected The radicalism of the T,
n publican party of Ohio for contractiO
y is in danger of being met by a radica
), ism for imitation The time Tor sui
r teriuge and ambiguity of language
= past Platforms intended to deceiy
a voters are insulting to the Intelligent
n of the American people,