Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-07-13
prNyrn., .ILNGR nrErINo.
~ Issues mn Appeal 90 tho Country
ana Adiourns.

a. Issues mn Appeal 20 tho County
ana AdIourns.
denver, Colo, July l2.-Intcrest H.
the silver convention Was not In the
least abated from yesterday, and when
called TO srder this morning standing
room could not he had. After the nD.
pointment OF delegates 10 the 81. Louis
aud Chicago conventions, and TO the
"golt bug" gathering at 81. Paul, the
COMMITTEES IN resolutions presented "A
report, which was unanimously
adopted. II says In part:
"ro the People OF the United Siates.
-CongTess Ia called to meet In extra
session August 7th. Preceding the
call, the classes which struggled for
twenty years TO overthrow the bime.
tallic money standard provided by tho
Constitution, inaugurated panic,
which they uutruthiully charged 10
the existing silver law, ignoring the
TACT that there Is S3OO,0O0,0O0 out
standing legal tender notes, com.
monty called groenbaoks, that are
equally available with the treas.
ury notes Issued In payment for silver,
10 draw gold from the treasury, that
tho balance OF our foreign trade has
turned against us, rendering settlement
abroad with American gold neces.
ety, and the great banks Of Europe are
purchasing gold with which 10 change
the money standard VI Austria, and
till the treasury vaults Of other mon
arohial countries.
"rho evident purpose IL TO create n
prejudice against what In known as
the silver purchasing act, and under
pressure secure Its unconditional 10.
peal.
"rho success OF this scheme il only
partial. Even the President admitted
tnat In the Senate there Is a stauncn
majority against IL.
"Suddcnly the news was flashed
uudnf the oceans that free coinage ia
India was suspended aud the market
r'lce ofsilveT had fallen within forty
eight hours fully twenty cents per
tuucc.
immediately tho wirea were bur.
doued with appeals 10 tha President
from banks and clearing houses and
tue commercial bodies dominated
by them TOT an extra session and TO the
bena,ors to repeal the Sherman act.
"Ihe call was made. The enemies
VI bi.metallism, aud they now fairly
number all those who oppose free cUin-
age for silver alike with gold, Az before
the decentralization Of silver Ia 1873,
openly declare that they will be con-
tent with nothing less than the un.
conditional repeal Of the silver pur-
Chasiug clause OF the Sherman law.
IL IL lot that thoy struggle.
unconditional repeal means sirik.
log from the laws the last remnant OF
lesislation 10 secure coinage for silver;
II fixes the United States firmly In the
ranks OF the single standard nations.
II Is tue contamination OF the cons
spiracy organized nj the close OF the
Fmnc0-PEussian war, TO destroy, M
money OF ultimate redemption, hall
the coined money Of the world, leEy-
Ing the other halt TO bear alone the
vast mountain OF credit upon which
the WORLDS business Ii conducted; Ia.
wiling more frequent panics anu rem.
uefuR them more destructive anu
enduring.
THE Sherman law was not the work
Of sllver-prOduciDg states; II was forced
upon the country against their will.
Tho constant demand has been
that q tho agricultural states Of
the West anu South and the working
lnasses OF the whole country. They
have not sought TO impose upon the
country some new financial nostrum,
but asked simply lor the restoration OF
tho coinage laws rs they were from
me nrst year OF the Federal Constitu-
uon until the lurliye repeal Of 1873.
"Ihe charge that the bimetailists
demand that sixty cents ho made "A
ugllar Is q lie. IL WINS trick Of the
single standard oOnsplraiors that less
sned tie value OF silver. Had gold
been demlnei z,d instead OF silver,
retaining for SILVER itA greatest use anu
oultlest Iunction, gold would not today
oe WIlth % per ounce, and hllyeFs
N4'ue ana purchasing power would he
hcr ated largely above the iormoP'
hlghts, figure.
what the bimetallists ask, and all
'hty ask, 10 that the law relating IA
coinage, az /. was for seventy live
years VI the oouDtry's greatest glory
hhhll be restored without adding ol
tAlunglng IA syllable. they urge the
o'u law with the supreme confidence
n1ih with tho unavailable truths OF
HlsloTyi that II will Immediately place
uNefy coined American dollar upon d
lAt value, both as coin anu bullion,
restore the bonds of weakened love aud
V0hnuenes ana set In happy motion