The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-11-18
Light Needed on Silver.

Our statement that sit is not the presi-
dent but the country that stands in the
way of the free coinage of silver" seems
TO disagree with the Tribune. 1t considers
this most strange expression" to come
from THE SALT LAKE HERALD.
Strange or not, it is true. The large ma
jority Of people in the east are under the
impression that the free coinage of silver
will be Of great injury to the country. Ask
them why, and they will not only argue
that it will drain the gold out of the United
States, but will cause depreciation of
values in such stocks as people of moder-
ate means have invested in. They say it
will in1ure the savings banks, life and fire
insurance companies, and other joint stock
organizations in which small accumulations
have been put as financial nest eggs. When
they are questioned IS TO particulars and
asked why plenty of silver money should
have that effect they either parry the ques-
ton or talk round it in bewildering fashion
that throws q cloud instead of q ray OF
light upon it. But they insist that free
coinage is only scheme for the benefit of
the silver miners, and hold to the fallacy
as a foregone conclusion.
The goldites fight the measure for OBJ
vious reasons. 1t is 10 their personal in
terest to stave it off as long as possible
They largely infuece the leading financial
legislators OF the nation. And they may
be counted on for persistent opposition to
any movement that Is likely to affect their
control of the money market.
! We simply point to facts. THE HERALD
| is not in sympathy with either the gold
spectators, or the mistaken general pnolic
| in the eastern states. But anyone who
| has travelled and mingled with the people
away from the regions chiefly interested in
silver cannot fail to find the sentiment we
have cited widely and strongly expressed.
THE HERALD repeats, no man who openly
avows himself favorable to the free coin
age of silver can today gain the SURFACES
of the American people for the office of
president. The west and the south might
give him their support, but the east and
the north would reject him. 1t is for that
reason that we called Tor campaign Of ed
ucation on silver. II is the country that
needs converting. When the majority Of
the people of the United States see the ad
vantage of q restoration of silver 10 its
proper place as money, they will have a
President who will emphasize their views
and execute their wishes. Until then it
VIII be vain to expect candidate for The
Presidency on the Republican or The Dem
ocratic ticket, to stand for free silver aud
make that the leading issue in political
campaign.
We believe that the needed change can
be brought about. When the English po-
sition can be changed so greatly, as set
forth by our morning contemporary, there
is surely hope for the United States.
The light must be sent forth from
the West, as we have indicated,
and every body who understands the Ques-
ton should aid in the Illumination The
darkness must be cleared from the eastern
mind and the false notions that stand in the
way must be dissipsted. TIE silver con-
ference may aid in the good work. But
prejudice is hard TO break down, and mon
eyed Influences are potent obstacles. There
fore individual and concerted efforts will
have to be made before the triumph OF sill
yer can be assured