The herald., 1893-07-13
AN APPEAL TO THE PEOPLE
Colorado in the Gloom of
Impending Disaster.
Her Citizens Issue an Address
to the Country.
They Demand the Preservation Of
Their Principal Industry.
An Impassioned Appeal for Free Coins
age to the Hearts and Cons
sciences of all True Amer.
lean Citizenss

By the Associated Press.
DENVER, July 12.-Interest in the sil-
yer convention today was not in the
least abated from yesterday. When
called to order this morning standing
room was not to be- had. After the ap-
pointment of delegates to the st. Louis
and Chicago silver conventions, and to
the ''gold bug" gathering at st. Paul,
the committee on resolutions presented
the following report, which was unani-
mously adopted:
To the people Of the United States:
The people of Colorado, standing ip
the gloom OF impending disaster and
representing in condition and sentiment
the people of.Montana, Idaho, Wyoming,
Nevada, South Dakota, Utah, Arizona
and New Mexico, with reverence for
the constitution and answering loyalty
to the general government, ask for your
calm and candid consideration of the
following facts before you give approval
to the destruction of silver as money,
and to the final establishment in this
country of single gold standard of val
ucby hnu Jlub dO Ouo hbIOko Cuduko dll
the debts to gold debts and inaugurate
spending fall In the price OF every COM
modify.
Congress is called to meet in extra
session August 9TH. Preceding the call,
the classes which struggled for 20 years
to overthrow the bi-metallic money
standard provided by the constitution,
! inaugurated q panic which they un-
truthfully charged to the existing silver
law ignoring the facts that there are
$500, 100000 outstanding legal tender
notes, commonly called greenbacks, that
are equally available with treasury
notes issued in payment for silver, to
draw gold from the treasury; that the
balance Of our foreign trade is turned
against us, rendering settlement abroad
with American gold necessity, and
that the great bankers of Europe sre
purchasing gold with which to change
the money standard OF Austria and fill
the treasury vaults OF other monarchial
countries The evident purpose is to
create prejudice against what is known as
the Sherman silver purchasing act, and
under pressure to secure its uncondi-
tional repeal. The success of this
scheme is only partial. Venal presiden-
tial patronage, supplementing false and
incendisry utterances by the gold press.
aggravated by daily circular assaults
upon the law by eastern money brokers.
sent to every commercial body and
banking corporation in the country,
possibly won over the house of repre-
sentatives to it, but even the president
has admitted that in the senate there is
staunch majority against,it.
Suddanlu 1ika q frn ho11 IL, tho iuhk
the news is flashed beneath the oceans
that free coinage in India is suspended
and the market price of silver has fallen
within 4S hours fully 20 cents an
ounce. The startling action was
forced upon the Indian govern
ment without moments warning,
The step held in secret contemplation
by the British government for months,
to be taken at a critical and opportune
time when, the consternation it must
create would stamp out the last phalanx
of the bi-metallism defenders, must
have had as one of it's chief aims the
intimidation of the senate to bring it in
line with the Hubservient lower house.
Immediately the wires were burdened
with appeals to the president from
banks and clearing houses and the COM
mercial bodies dominated by them, for
an extra session, and to senators for the
repeal of the Sherman law, which it is
claimed is responsible for the disaster.
The call has been made. The time for
the session to commence is early; so
early, indeed, that may it not have been
the hope of the president that the panic
would not subside and q measure of re-
peal be forced through before reason re-
sumed sway and truth and logic could
dominate congress?
The enemies of bi-metallism, and
they now fairly number all those who
oppose the free coinage of silver alike
with gold, as before the demonetization
of silver in 1878, openly declare they
will be content with nothing less than
the unconditional repeal of the silver
1t is for that they struggle. 1t was to
secure that that the panic was created
and free coinage in India suspended.
Unconditional repeal means striking
from the laws the last remnant of leeis-
lation to secure coinage for silver. 1t
fixes the United States firmly in the
ranks of the single standard nations.
1t is the contamination of the conspira-
ey organized at the close OF the Franco
Prussian war to destroy as money of ul-
innate 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 de-
structive and enduring.
It ia idle to hope that reducing the
value of silver to the lowest stage will
force Great Britain to seek an interna-
tional solution of the dilemma. The
home of the single standard is in her
islands. Its members fully anticipated
the low degree to which eilver will'de-
scend. They discounted its disturbance
of her Indien trade and steeled their
hearts against the crime it will be
against her Indian subjects. The power
that could plot ~ years; thatcould force
a yoke upon Germany, the Latin union,
Austria and the United States that
could gain to its aid the daily press OF
the country that could control for 20