, 1891-06-21
SCRAMBLING FOR GOLD
Silver Men Issue an Address
to the Country.
Attention Called to the Strug-
gle Now Going On
To Gain Possession of the
Yellow Metal.
The Silver Men.

NEW YORK, June 20.-The national
executive silver committee was IN session
again today. Senators Jones and Stewart
OF Nevada we're at the hotel and gave the
committee the benefit OF their advice. As
the result OF their deliberations the COM
mittee gave out a card this evening to the
public, III which they call the attention Of
the country to the object lesson which is
being exhibited in the desperate struggle
OF the great financial institutions on both
sides of the Atlantic to increase their gold
reserves to avoid bankruptcy and ruin,
and that any increase by Que necessarily
diminishes the reserves of the others
W ny should such a condition of things
exist in a time of profound peace and
abundant h~arvcsts2 Why should all
the great banking institutions attribute
the stagnstion and hard tunes To
the scarcity OF money. while they are ex-
ettiug all their powers to make money
scarce by adhering to the gold standard
when thew admit that there is not enough
gold to maintain the business and credit
Of the commercial world? For eighteen
years the tasis of credit on the gold stand
ard has been extended and the produr.
tIpn OF gold has fallen off. while the
structure of credit has been growing pro-
pOrtiUnately larger aud more insecure uu-
tl the relation OF credit to actual money.
as disclosed in the Barings failure in gold
standard England. has alarmed the world
aud started anew the scramble for gold,
that threatens all business undertakings
and s,alks as a menace to every legitimate
enterprise.
The address further says: We have
been doing business, paying debts, and
distributing Our annual products by a
money standard that has been growing
dcarcr and dearer until il has become so
per cent larger than eighteen years ago
when silver was clandestinely demone-
tlzed The people are determined that
tins injustice shall cease. The remedy Is
the restoration of bi-metalism. Were it
not for the increased coinage of silver un
der the act OF July, 1890, we could not
stand the drain Of gold that recently had
been going on without the precipitation
a panic and the prostratiOn OF business.
Gold and silver without limit are
money by the constitution and this money
must be restored to the people. This is
the paramount issue 10 the country and
be made such in the elections this
rear. Tue address regrets that the Re-
publican state convention of Ohio prac-
lcally declared against the free use of
as money. when they endorsed the
act OF congress which treats silver as a
commodity. The demand for the free
of silver is a demand that silver
shall be coined for use a. money. not
bought as a commodity. 1t is a demand
hat silver itself shall be money and be
'oined in the same manner for use as it
for thousands OF years before Sher-
man omitted from the NUT bill in ls73the
dollar. If the silver OF the world
be restored to its place as
money TO supplement gold, bankruptcy
and rum are inevitable unless some other
kind OF money can he devised to take the
place of both. Let the Ohio convention
take warning that if silver cannot be re.
monetized, gold will be demonetized and
substituted for both gold and sIl.
yer. The people will not be destroyed for
the want of money. The gold trust re-
one OF the precious metals has
how both may be rejected. The
radicaIism of the Ohio Republicans for
concentration is in danger of being met
by radicalism foI initiation. Platforms
intended to deceive voters are insulting to
he intelligence of Americans.