The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-08-16

general depression sets in there Will tol
this special feature.
The economical authorities OF tlse
country VIII refuse to listen 20 the cause
heretotorth showed Every possible at
tempt will be made TO prove that the de-
cl1Des OF commerce is due to all sorts OF
causes and lrrec0nglllable matters. The
workman and his strikes will be the
nrst convenient target, then spectators
and overtrade will have their turn.
Many other allegations will be made to
tally irrelevant to the moral tendencies OF
financial writers. The great danger OF
the time VIII be that among all this con-
fusion and strife, England s supremacy in
commerce and manufactures may go
backwards to an extent which cannot be
redressed when the real cause in the
demonstration OF silver becomes recog-
nlzed and the natural remedy is applied. -
The clause expresses the only portion
o. this prophecy yet unfulflled, and
clearly presents the way by which the
United States may again attain CONNER
cial supremacy. There is very large
and respectable class OF our fellow citizens
who would be glad to see silver restored,
bat who do not think the United States
could maintain the parity OF the two
metals in the absence of an international
agreement. We would cali the attention
OF all such 30 a statement made by the
late Mr.. Blaine that those who have al
ways been most successful in dealing
with the financial affairs of our govern
ment are those who have had the greatest
confidence In the resources and credit of
the country.
We believe that the United States is
strong enough and that its wealth and
credit are SO great that IL can decree what
the position of silver in the business of
the world is to be. We know that France
for seventy years maintained ratio be-
oil L fhut
Spain fixed the ratio between silver and
gold through two centuries; we know
that in the little kingdom of Portugal
that ratio was kept and long maintained,
and we believe that what France, Spain
and Portugal at different times did, can
again be done by the great United States
of America. We ask that it be tried
We are not asking that deprecated
Ii currency be established under free
coinage law the parity of gold and silver
should, after a fair trial, fail to be sus-
tanned the people of Idaho would be first
to support such other legislation SIS
should be shown to be necessary. A
compromise may be offered. We are
opposed TO any and all compromise. We
know that the gold standard conspirators
will try any expedient as compromise
and we challenge them to try the simple
plan of constitutional free coinage.
We throw down the gauntlet to them.
We know that they will not take it up
because they are aware that we are right
and that this method would hopelessly
wreck all their carefully laid plans. Some
appeal to the people of the country asking
them to unite their voices with ours in
demanding the adoption of the one plan
which the logic OF the situation suggests.
There are those who fear that we might
have too much silver, although the same
persons would not entertain such fear
-I~.k- = II. Ii l.
such thing as too much metallic money.
The history OF the world proves that these
periods which have witnessed the great
est production of the money metals have
been the most prosperous that the human
race have known. The great produc-
ton of these metals enriches the artery of
commerce, stimulates every department
of human industry and spreads smiling
prosperity among busy, happy people.
But there can be no hope of phenomenal
production. The life of a miner is linn
tied, the largest properties become ex-
hausted in a comparatively few years
and Few mines come forward no faster
now than old producers are closed. The
mining territory of this country has been
well explored and but few bonanza dis
tricts can remain to be discovered. The
production may reach a somewhat higher
figure under favorable conditions, but it
will fiuctuate and cannot permanently be
much larger than during recent years
In conclusion we would point out the
fact that the headquarters of the bond
holders anti-silver conspiracy against the
people is in Great Britain. Within a
few months the British premier when in
terrogated in parliament upon the atti-
tude of his government in regard to a
larger use Of silver. stated that ''Great
Britain would not assent to such policy.
All the world owed Englang, he said,
and tie debts were payable in
gold. 1t might De philanthropy
TO talk about making payment
easier through an enlarged use OF silver
but that would not be "a harmony with
British business principals. So we say
to our fellow citizens the contrast is
primarily against foreign foe,
it is in the interest OK the homes of the
masses of our own people. We simply
ask Of every patriotic citizen that he in
vestigates the subject Independently of
the influences that his surroundings may
throw about him, for we know TINT such
an Investigation must, in every instance,
lead the inquirer into the ranks of the
supporters of constitutional free coinage.
IN advocating this course we claim 80 be
tie real conservative champions of sound
money.
The advocates of the gold standard we'll
know that there is not enough OF their
favorite metal to sustain the system
throughout the world, as yet so preju-
diced agRinEt the use of silver that they
prefer fat money as a necessary assist
ant. We have been on gold basis since
1873. It has brought Us stagnation and
ruin, and yet SO far from turning to
silver to help pull through the
trouble they issue fat money,
good among fls rs only in
defiance of the , lited States statute
which imposes a Ak Of 10 per cent. upon
such circulation. The bankers OF various
cities have alree Y issued over s., OO0, 900
in clearing houge certificates in accord
ance with this scheDe VS. condemn this
evasion of the law as al attempt to avoid
the necessity for free coinage by a doubt
full financial e1pedient. We earnestly
recommend that Congress make coin
certificates issued upon deposits of silver
coin TO be full legal tender, as the coin is
so deposited
Recent events have emphasized the fact
that the restoration of silver Co free and
unlimited coinage at the American ratio
OF 16 to / is the paramount issue before
the American people, and the people OF
Idaho hereby record their convictions
that If Congress shall fail 20 pass a free
coinage law at this session it will be nee
essary for all b-meitallists. laying all
other issues aside, to unite IN political
organization whose sole aim it shall be to
rectify the disastrous error committed in
the demonstration act of 1873.
This convention met again tonight at
D. m, when a bi-metallic league for
the state will be formed to raise money to
send &c Colonel Bryan in Washington to
help the fight.
BT-METALIsIC ASSOCIATION.
A Call for Convention by the Pan-Amer-