The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1893-08-11

production OF gold and silver coin shall keep
pace with the annual increase Of population.
commerce and industry. According to my view
of the subject, the conspiracy which seems %
have been formed here and In Europe to
DESTROY by legislation and otherwise from
three sevenths to one-half OF the metallic
money Of the world is the most
gigantic crime Of this or any other
age The consumma ton Of such scheme would
ultimately entail more misery upon the human
race than all the wars, pestilences and events
that have ever occurred The instantaneous de
structon Of one-half the entire movable prop
erty Of the world, including houses, shops. rail-
ways and all other appliances for carrying on
commerce, while it would be felt more sensibl:
at the moment would not produce anything
like the prolonged distress and DISCRIMINATION
Of society that must result from the permanent
humiliation Of Onehalf Of the metallic money
Of the world; {" and.
Whereas, Senator Sherman. of Ohio. who
more than any man is responsible for the de
monetization Of silver. clearly understood the
evil consequences o. shrinking the currency be
low the legitimate demands Of the business OF
the country as evidenced by what he said in
the senate in 1862 tOwit: 1.-The contrac ton Of
the currency Is q far more distressing operation
than senators suppose Our own and other
nations have gone through that opera
that voyage without the direst distress Tc
every person except capitalist out Of debt or
q salaried of1cer or annuitant 1t Is period OF
loss, danger, lassitude Of trade fall Of wages,
suspension Of enterprise, bankruptcy and dis
aster. 1t means the ruin Of all dealers whose
debts are twice their business capital. though
one-thfrd less than their actual property II
means the fall of oil agricultural productions
without any great reduction of taxes. Wha'
prudent man would dare to build o house, 2
railway or barn with the certain fact before
him.
Therefore, in view Of all these facts. We de
clare:
First-That there must be no compromise OF
this question. All Il gislation demonetiZing sill
yer and restricting the coinage thereof must bs
at once and completely repealed by an act re
storing the coinage Of the country to the condi
tons established by the founders OF the nation
and which continued for over eighty
years without complaint from any
part of our people. Every hours delay
and our foreign enemies is an insult to the dig
nifty of the American people, a crushing burden
on their prosperity. and an attempt to place US
again under the yoke from which Washington
and his compatriots rescued u.s. We protest
against the financial policy Of the United States
being made dependent upon the opinions or
policies of anv foreign government: and assert
the power Of this nation to stand on its own
feet and legislate for itself upon all subjects
Second-We assert that the only remedy for
our metallic financial troubles is to open the
minis of the nation to gold and silver on equal
terms, at the old ratio Of IL to I. Whenever
silver bullion can be exchanged ut the mints OF
the United States for legal tender silver dollars,
worth 100 cents each. that moment 4l21s grains
OF standard silver will be worth I'D cents and,
as commerce eQualiZes the price OF all
,vk@ N11 h0n
4I2H grains of standard silver are worth LOG
cents in the United States, they will be worth
that sum everywhere else; and 1t cannot be
bought for less. While it will be urged that
such a result would enhance the price Of silver
bullion, it is sufficient for US to know that q
similar increase would be at once made in the
price of every form OF property except gold and
credits in the civilized world 1t would DO
shallow selishness that would deny this to the
mining industries at the cost of bankruptcy &c
the whole people. The legislation to demone
tie silver has given an unjust increase to the
value of gold at the cost Of prosperitg of man
kind: wheat and all other agricultural! products
have fallen side by side with silver.
Third-That while the Sherman act" OF
July IA, 1897, was device of the enemy to pre-
vent the restoration of free coinage, and is
greatly Objectionable because it continues the
practical exclusion Of silver from the minis
and reduces it from money metal to
commercial commodity, nevertheless its
repeal, without the restoration OF free
coinage, will stop the expansion Of our cur.
rency required by our growth in population
and business and widen still more the
difference between the two precious metals.
thus making the return to bimetallism more
difficult; greatly increase the purchasing power
of gold; still further break down the price OF
the products of the farmer and laborer, the me-
chanic and tradesmen, and plunge still further
all commerce business and industry into such
depths Of wretchedness as to endanger peace,
order, the preservation Of free insti,u
tons and the very maintenance of civiliza
ton. We therefore, in the name Of the
republic and Of humanity, protest against
the repeal of the said act Of July IA, 1897, ex-
cept by an act restoring free bimetallic coinage
as it existed prior to 1873. We suggest that
the maintenance Of bimetallism by the United
States at the ratio OF l6 to will increase our
commerce with all the silver using countries Of
the world, containing two-thirds Of the world.
without decreasing our commerce with those
nations which buy our raw material, and will
compel the adoption Of bimetallism by the ma
tons Of Europe quicker than any other means.
Fourth-We assert that the unparalleled Ca
lamities which now afaict the American peo-
pie are not due to the so-cailed Sherman act OF
1890, and IN proof thereof We call attention TO
the fact that the same evil conditions now
prevail over all the gold-standard world. We
are convinced that bad as is the state of affairs
in this country it would have been still worse
but for the Sherman act, by which the nation
obtained to some extent an expanding circula-
ton to meet the demands OF a continent in
process of colonization and the business ext
gencies of the most energetic and Industrious
race that ever dwelt on the earth, and We insist
upon the execution Of the law without evasion
so long as it is upon the statute books and upon
the purchase of the full amount Of silver each
month that 1t provides for. to the END that the
monthly addition to the circulating medium the
law secures shall be maintained
Fifth-That we would call the attention Of
the people to the fact that in the midst OF the
troubles Of the time, the value CT the national
bond and the legal tender money whether
made Of gold, silver or paper has not fallen
a particle. The distrust Is not of the
government or its money, but of tho
banks which have. as we believe, precipitated
the present panic on the country in an i'll ad
vised effort to control the action Of congress or
the silver question and the issue OF bonds
We invite the bankers TO attend 10 their
legitimate business and permit the rest
CT the people to have their full share
in the control Of the government In this way
they will much sooner restore that confidence
which is so necessary to the prosperity Of the
people. 1t must not be forgotten that while
boards of trade chambers OF commerce, bank