The advocate and Topeka tribune., 1893-08-09

own reet and leglslate for itself upon all
subjects.
2. We assert that the only remedy for
our metallic financial troubles is to open
the minta OF the nation to gold and silver
on the equal terms at the old ratio OF
16 OF silver to / Of gold. Whenever
silver bullion can be exchanged at the
mints for legal tender silver dollars,
worth 100 cents each, that moment 4l21S
grains OF standard silver will be worth
100 cents; and, as commerce equslizes
the prices OF all commodities throughout
the world, whenever 4121S grains of
standard silver are worth 100 cents in
the United States, they will be worth
that sum anywhere else, aud 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 a similar increase would be
immediately made in the price OF every
form OF property except gold and credits
in the world. 1t would be shallow sell
tishness that would deny prosperity to
the mining industries at the cost Of
bankruptcy to the whole people. The
legislation to demonetize silver has
given an unjust increase to the
value OF gold at the cost OF the
prosperity Of mankind. Wheat and all
other agricultural products have fallen
side by side with silver.
3. That while the Sherman act Of 1890
was device of an enemy to prevent the
restoration OF free coinage, and is greatly
Objectionable because it continues the
practical exclusion of silver from the
mints, and reduces it from a money
metal to commercial commodity, never
Eheless, it's TeoeRl. without the restor-
alton Of fres coinage, would stop the
expansion OF the currency required by
our growth in population and business,
widen still farther the difference be-
tween the precious metals, thus making
the return to bi-metBllism more difficult,
greatly increase the purchasing power Of
gold, still further break down the price
OF products OF the farmer aud the Ia
borer, the mechanic and the trRdesmRn,
and plunge still farther all the commerce,
business and industry into such depths
of wretchedness rs to endRnger the
peace, order aud preservation Of free in
stitutions; we, therefore, in the name OF
the renublic and OF humanity. protest
against the repeal OF said act OF July IA,
1890, except by On act restoring free BIZ
metallic coinage AS it existed prior to
1873. We suggest that the maintenance
Of bi-metallism at the ratio of Is to ] will
increase our commerce with all the sill
ver-using countries of the world without
decreasing our commerce with those ma
iiODs which buy our raw maternal, and
will compel the adoption OF bi metsllism
by the nations OF Europe more than any
other means.
4 We assert that the unparalleled
calamities which nov Biilict the Ameri-
Can people are not due to the Sherman
act, and in prof thereof we call Rtten-
I on TO the fact that the Same evil condi-
lions now prevail over all the gold
standard world. We are convinced that,
bad ~ Is the state Of affairs here, it
would have been still worse but for the
Sherman act, by which the nation has
obtained, to some extent, an expanding
circulation 10 meet the demands OF q
continent in process OF coloniza ation aud
the business needs Of the most eneTRstic
and industrious race that hes ever d welt
on the earth. And we insist on the tx.
ecutiDg OF tba laws without evasion, go
long as they are upon tho sta ute books,
and on the purchase Of the full amount
OF silver each month that it provides for,
to the end that the monetary addition to
the circulating medium shall be main
tanned.
5. That we would call the attention of
the people to the fact that in the midst
OF all the troubles Of the time, the value
OF the national bond and the legal tender
money, whether made Of gold. silver or
paper, hiss not fallen The distrust is
not OF the government. or its money, but
IL L. L. l. - I