The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-07-15
THE MORNING SESSION.
A Characteristic Letter From Hon. 10
Doniphan, of st. Louis.

A Characteristic Letter From Hon. John
Doniphan, of st. Louis.
Chairman Newlands called the conven-
ton to order promptly at $50. but without
transacting any business a recess was
complete it's report. The congress re-
assembled at 1l:30, and the following letter
was read by the secretary:
Mr.. President and Delegates in the Sec-
ond Session of the National Mining Con-
gress: 1t WAS happy thought to hold the
second session of the National Mining con-
q esq amid the lofty mountains and lovely
valleys of one of the youngest of tho sister
hood. Montana is an empire within itself,
with nearly 10000 square miles, as large AZ
New England and New York included. with q
healthy climate. rich soil, prolific veReta-
tion and lnexhaustible mineral wealth. DOS
sessing the possibilities of a fabulous
future. No state of the Union can compare
with her in the wealth and variety of
natural resources except Missouri, which ia
less than half her extent in territory. How
important ia it that this wonderful store
house of wealth should be opened and nur-
tu ed with the wand of a true financial sya-
tenn: that the millions that will soon popu-
late her borders. shall not be the helots and
slaves OF the gold barons of the far east;
that the monetary system under which they
live and labor shall not demand a tribute
of one-third of all products to be paid to
the creditor class. who may advance on fair
usance. the means of Development.
The question of free coinage is the most
important one that can be considered, not
only by the silver producing states, but
every state west of the Alleghanies. 1t ia
above and beyond party lines and trati-
tions; it is one of progress. Of public veal,
4
Finance is the most baneful and insiduous
70 M in which capital can attack labor.
Shall private fortunes be built into enor-
nous olortions At the expense of all the
agricultural, pastoral and mineral
resources of the & eat west2 Shall We
stand still until the volume of money
il depleted to $40 per capita. and 10
gathered into the hands of less than one
per cent of the population, and expire like
the Roman empire amid general corruption
sugendersd by the purchasing power of an
inadequate currency2 Can it be expected
that seventy or eighty millions of people
can do business upon 70 per cent Of the
money thnt WAS used by twenty four mil
lions at the end Of the great rebellion?
1t is easy to see why values have de-
creased, and it is as plain that prosperity
can only be restored by increasing the
amount of money III use. Restore free
coinage and We add $4,000, 600 annually to
tuo circulating iueAAuh, WHlCn entefS tue
veins of commerce and like fresh, healthy
blood. arouses the dormant energies of the
body polite and restores a normal condi-
tion to business. In time a reaction must
set no and the influence be felt in all the
ramlticatlons OF industry. There can be no
imitation to plethora because it il coin.
the white dollar that every one cau use or
hoard with safety.
In the history Of the world no one ever
heard of too much eo,nsd money, ii We ex-
eept the iron money of Lyourgus, which
contained more than 4l2 grains. Three
fou ths OF the world use to-day only silver
and the baser metals, and Great Britain,
the first to adopt the gola standard in 1876,
at the suggestion of the creditor GLASS; who
had grown rich from the sack and loot of
India aud the corruption of the Napoleonic
wars, has added annually II
friRhtful increase in her statistica
OF pauperism aud crime. which