The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1893-07-26
CoLORADO'S CRY FOR HELP
An Appeal Against the Proposed Slaugh-
ter OF the Sherman Bill.

DENVER, Col, July ra.--The people
of Colorado, in convention assembled, |
have issued a stirring appeal to the
people Of the United States against the
proposed slaughter of the Sherman
act The document recites the real
causes of the present panic, and &C
knowledges that the gold bugs have
captured the House of Representa-
tives, although not the Senate. 1t goes
on as follows:
Unconditional repeal means strik
ing from the laws the last remnant of
legislation that secures coinage for sill
yer. 1t fixes the United States firmly
in the ranks of single standard nations.
1t is the Consummation Of a conspiracy
organized at the close Of the Franco
Prussian war, to destroy as money Of
ultimate redemption half the coined
money of the world, leaving the other
half to bear alone the vast mountain Of
credit upon which the worlds business
is conducted, inviting more frequent
panics and rendering them more
destructive and enduring The idle
hope of reducing the value of silver to
the lowest stage will force Great Britain
to seek an international solution of the
dilemma. The home of the single
standard is in her islands Its mem
bers fully anticipated the low degree to
which silver would descend. They
discounted its disturbance of her
Indian trade and steeled their hearts
against the crime it will be against her
Indian subjects. The power that
could plot seventy seven years, that
could force the yoke upon Germany
the Latin union, Austria and the
United States; that could gain the aid
Of the daily press; the country that
could control for twenty years the
national conventions of the great
American political parties, granting in
platforms professions of bmetalllsm,
but always securing Presidential candi-
dates unalterabIy opposed to it; that
could change the overwhelming senti-
ment among its people for bimetallism
to feeling Of enmity or Indifference
can never be induced to relent, for it
counted the cost and learned its power:
THE Sherman law is not the work
OF the silver producing States. 1t was
forced upon the country against their
will. Their constant demand has been
that of the agricultural States west and
south and the working masses of the
whole country. They had not sought
to impose upon the country some new
financial nostrum, but asked simply for
restriction of the coinage laws, as they
were, from the first year of the Federal
Constitution until the furtive repeal of
1873. The Sherman law is the trick
by which restoration was defeated. 1t
was accepted by metalists as a
pledge that the old laws should at
some future time be restored, and they |
now demand not that the Sherman law
shall be retained but that the hostage
shall be redeemed by the re-enaCtment
in its stead of the coinage laws under
which the country grew and prospered
for more than three-quarters of a
century.
"The charge that bimetallists de-
mand that 90 cents be made 81 is
lie. 1t is a trick of the single-standard
conspirators that lessened the value of
silver. Had gold been demonetlzed
instead of silver, retaining for silver Its
greatest use and chiefest function, and
depriving gold of its greatest and chief
est function, gold would not to-day be
worth S. per ounce, and silvers value
and purchasing power would be in
creased largely above the formers high
est figure. What bimetallists do ask
and all they ask is that the law relating
to coinage, as 1t was for seventy hive
years the country's greatest glory, shall
be restored without additions or an eX-
punging syllable. If, with the law re
enacted and fair trial had, silver shall
not, without the purchase of an ounce
of metal by the Government, resume
its former relative value with gold the
bimetalists will cheerfully submit to
any legislation that experience will
suggest as necessary to make every
dollar of the United States equal in
intrinsic value to every other dollar
bearing its stamp"
The address states that widespread |
ruin would follow the repeal of the
Sherman act, and concludes with a
special appeal to the South for aid in
return for the help Colorados Republi
can Senators gave to the defeat OF the
force bill.
Very Soft.