The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-09-18
FOR FREE SILVER
Senator Stewart end Mr.. New
lands Speeches.
A TARIFF ON THE WHITE METAL
Member of the Farmers Alliance gives the
Nevada Scion Chinese Puzzle
to Solve.

Additional chairs had to be provided to
accommodate the audience that gathered at
the chamber of commerce last evening on
short notice to hear Senator William M.
Stewart discuss the silver question.
President Simon, of the chamber of COM
merce, presided. Senator Warren, Hon.
William H. Mills, OF California, and Gov
ernor Thomas sat on the platform.
President Simon presented the venerable
Senator as one of the ablest champions of
silver in the United States Senate.
Mr.. Stewart, after some preliminary re-
marks, went directly at the heart Of his
subject, saying there is no place for any
more great production of gold. From 1850
to to-day the supply of gold and silver
gradually arose to $l50,OOO, 900 per annum,
and it is now about 300, 100000 The pro-
duction of
| TWO PRECIOUS METALS
is now nearer equal than ever before. Why
should there be starvation in the world
when there are large crops and every thing
TO make us prosperous! De Quincy got
drunk and went out to demonetize gold.
There was
IMAM CALLED JOHN SHERMAN,
you may know of him, who went to Eng
land and asked them to demonetiZe gold in
1867. Those who produce property go
short on money. When this scheme was
Matched the Indebtedness of the world was
one hundred thousand million dollars. At
this time there was seventy-tive hundred
millions of real money in the world. Gold
and silver Is fiat money. Gold would not
amount to % cents a pound if it had not
! m ar a hp an w :
that if they could destroy one-half of it
every bond, mortgage and debt would be
increased and everybody compelled to de-
liver some portion of the seventy-hve hun
dred millions of money. 1t would then be
more difficult for the shorts to deliver.
Since that scheme was consummated by
John Sherman-on the outside-it was
never mentioned in the Senate. l do not
know whether he had any confederates
in this business. The amendment
that demonetized silver was never
read to the Senate. You haC
seventy five hundred millions of money
with which to pay one hundred thousand
millions Of indebtedness.
OUR SILVER DOLLARS
at this time commanded per cent, pre-
MUM. The production of silver at this
time was eighty -one millions and colo
ninety-six millions.
They called attention. to the fact that
thousand millions of people used silver
yet still proposed to reject it. They would
destroy one-half of the money of the world
and they did. We have had hard times fol
eighteen years on account of the crime O.
J man. What right have they to change the
contracts of the world!
What have the anarchists done as dia
bolical as to change the contracts of the
world. Show me anything as diaboical
l have denounced 1t as the crime of tn,
word openly in Congress.
, The newspapers and associated press IL
; the
EMPLOY OF THE GOLD SHARKS
never let you know anything about it.
have been compelled to go over the countr,
from house TO house preaching this gospel
l can give you hundred instances wher
property has been sold out on account o
the increase of the Indebtedness by chang
of values caused by this villany.
} You have heard this chatterbox fror
: Boston, Edward Atkinson, who says
doesn't make any difference how muc
money you have. Last fall time cam
for settlement; the barons called for thei
money. Since that time all the banks i
2 England have been increasing their re
t serves. They are bidding for gold. Tn
English have sold 75,0OO,O 900 of their securi
ties in this country to get gold. Every bod
now says they must have more gold w
r haven't got to gold basis yet.
PROPERTY MUST DEPREcIATE
o 5Oper cent before we reach it.
4 In 1851 they issued pa er payable in coli
: Somebody in Chicago, | think it wa!
wanted his gold and came near breakin
all the banks west of the Alleghane
:. They now say we must put silver bacI
: John Sherman said that the way to put
: back was to make it redeemable in golt
Silver as credit money is no better tina
paper money. If it has to be redeemed
d gold it does not enlarge the base. Durir
o ali the ages silver was money itself
d silver is not money what
y AN OUTRAGE TO USE IT
# as a circulating medium when paper w
l. answer the same purpose.
" They propose to reduce the purchasir
r, power Of money. People do not unde
~ stand the difference between circulate
and the basis of circulation. We ov
several thousand millions to Europe. II
bonded Indebtedness of this country is n
Of less than $50, 0G0, 900, 900. The banker sa
we must have dear money. He gets b
opinions from London and it is wired ov
the land as the intelligent opinion of tn
country.
They are able to get two or three new
papers IN every commercial entre. The
is not case in twenty five years when
secretary of the treasury did not
D. OBEY THE ORDERS OF LONDON.
There is but one political party in Ne
re York, and it is the gold party. | went
N Nav YORK TO watch how it worked. Tn
m said we will give you Democratic or
m Republican President on the gold basis.
m didn't make any difference which r
m farmers found their contracts doubled
m this fooling business. The manufactur
is protected from the European, but t
farmer is put into competition wi
the pauper European. Russia and Inc
are our principal competitors in supplyi
Europe with wheat and cotton. The par
money in Russia is just as good at home
Il silver, and they nave prospered. They ia
their wheat to England and get paid
their own currency.
100 THE UNITED STATES FARMER
takes his wheat to England and gets
pay in gold, which is 1875 per cent. d
count. We owe several thousand million
and our foreign market is practically gol
tie The United States used to supply GO
cent. of the European markets, but it /
dropped to % per cent. We find OIL
ap countries supplying this now. Any rel
Utilization of silver would be detrimental