The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-13
DEMANDS OF THESILVER MEN
THE DENVER CONTENTION ISSUES AZ
ADDRESS TO THE PEOPLE

peal OF 1ss3-A wofuI Picture OF Tho
Collapse OF the Mining States II the ssiiver1
Industry IL Ruined-The Convention Ara
penis TO the Country-Mi-siopa aries 10 bS
Sent East to Preach the silver Go,pen.
DENVER. July 12-When the Silver Conveu,
ton was called TO order this morning stands
ing room was not to be had. The COMMITTEES
on Resolutions presented the following re-
port, which was unan imousy adopted;
" To The People afhs Uniei Sidn.,
The people OF Colorado. standing In the
gloom OF impending disaster and represents
Ing In condition and sentiment the people Of
Montana, Idaho. Wyoming. Nevada, South
Dakota. Utah. Arizona. and New Mexico. with
reverence for tho Constitution and unswerving
Loyalty TO the general Government, ask for
your calm and candid consideration Of the fob
lowing facts before you give your approval to
tho destruction OF silver rs money and to the
final establishment in this country OF tho
single gold standard OF values. and thus ut one
stroke change all debts to gold debts and in-
augurnte never-ending rise OF gold and Q
continued corresponding fall In the price Of
every commodity.
Congress has been called to meet in extra
session on Aug. Z. Preceding that call the
class which struggled for twenty years to over
throw tho bimetallic money standard pros
vided by the Constitution inaueurated panic
which they untruthfully charged to the exist
ing Silver law, ignoring the facts that there
were $500. COO, 600 OF outstanding legal tender
notes, commonly called greenbncks. that
were equally available with the Troasurv
notes Issued in payment for silver tn
draw gold from the Trrasury. that tba
balance OF our foreign trade has turned In poinst
us, rendering settlement abroad with American
gold necessity. and that tho great bankers Of
Europe wero purchasing cold with which to
change the money standard of Austria and to
mi the treasury vaults Of other monarcbjcal
countries. Tho evident purnose wa. TO create
prejudice against what ia known "a the silver
Purchasing act and under pressure s,cure ite
unconditional rcncn,
Tho success Of this scheme WAS only MR.
tial Venol Presidential p,tropage snnnIa.
mentinr fulso md incendiarv uttcrances nv
the gold prcss. aggravated nv dailv circular
assaults upon the Inv nv Eastern money
brokers sent to every commercial body and
banking CORPORATION in the four quarters Of
the country, possibly won over tn, House Of
REPRESENTATIVES TO it. but oven the President
admitted that in tho Senate there was stunch
majority AGAINST it.
"Suddenly like n fro bcll in tbo NIGHT the
news was flashed bonentb thu ocenns thot free
coinage in India had beon suspended and that
the market price of silver Ind faIlen within
forty-eicht hours fully twenty cents ner ounce.
This startling action. forcing upoo the Indian
Government without a m oment's warning the
stem held in secret contain nIation Inv tbs Rrt.
isb Govornmont for n,on+bs 70 ho tatan. a..
critical and opportune time. when the con-
sternation 1t must create. it was hoped. would
stamn ont the last nhaIonx A. h;m.tn,Iisn, a.
fenders. must have had as one of It's chief aims
~''~ w SHNSn - So
'in ~, WIN ,ne supservient io"er mouse.
Immediately the wires were burdened with
orinr hors.s Nd ~, r,ona,.n -, s. "n.
eio . houses ana eol,inoreial oooles ior an
Sherman law, which, it was claimed. Was rs-
sponsible for ali the dian ster. "''0
sion to uhs in"
thnt II NAV have hear tho hono ~ ~. Del.
dent that the panic would not sui side and the
Of repeal be forced through before
reason resumed its sway ana truth and logic
could dominate the Congress. The enemies OF
oontnnt With no.h,,., ,".s .s" "' ,nev mn az
=. .on'eh' wiz" no'"'nH less th,h the uheohal.
senon, o., the 1lsor clause Of
it was to secure that that the panic was oro-
%, that o e "~I me for
silver. 1t fixes the United States firmly In tho
ranks Of tho sinple standard nations III. IN.
IN" W W. '.'" - n"'.o !, 20 ,ne
consum nation OF the conspiracy organized at
the close Of the Franco-P russian war to de-
stroy, one-half OF tho coined money OF the
world. leaving the other half to bear alone the
vast mountain OF credit upon which tho
worlds business is conducted. inviting more
frequent pan!cs ana rendering them more de-
structive and enduring.
. 1t is idle to hope that reducing tho value Of
silver to the lowest stage will force Groat
britain to aeeE International goIui NJ thu
dilemma. The home OF the single standard 10
in her isl lands. Its members have fully nntici-
pnted the low degree to which silver will de-
scend. They have discounted its disturbance
Of her Indian hat trade and steeled Their hearts
that could plot for seventy seven years; that
Union. Austria and the United States:
that could gain to its uso tho daily
press OF the country: that could control
for twenty years the national conventions Of
the great American political part los granting
In their rlatforms professions OF bimetallism.
but always securing Presidential candidates
una lterahly opposed to 1t: that could change
n over hnl m In spn IN ant a tDOnn fhe poODlA