St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-16
BIG SILVER MEETING.
Vigorous Speeches and ResoIu-
tiOns at a Nevada Gathering.

RENO, New, July ia mass meeting
was held here tonight, at which vigorous
speeches were made by Hon. f. G.
Newlands, Nevada's congressman, and
others. and resolutions adopted amid
great enthusiasm. which. after giving
a lengthy review of the financial situa-
ton for a number or years past, de-
ciared: LESS than one hundred mill
ions of gold has gone out of the country
within the past six months, and behold
failures, insolvency and monetary strin-
gency. If the destruction of three
hundred millions of greenbacks in the
years following '73 and IA, the
withdrawal of less than one-fifteenth of
the money Of this country by our Eng
! lish creditors in '9I and '93 could pro-
duce such disaster, what will be the
effect when one-half the worlds money
is destroyed, If the withdrawal of less
than one hundred millions of
gold has SO seriously affected
the values of stocks, bonds.
wheat, cotton and all products and COM
mOditieS in this country, how will de-
struction as money of four thousand
millions of silver affect the value of
products and commodities with which
viduals, pay their debts. If we
! thus place ourselves within control
of the English gold trust and
subject ourselves to its bounty for all
| the money we use; if we bind ourselves
to respond to their calls for gold, when
caprice or disaster in some one of the
numerous English dependencies induce
England to call for her gold, what will
our condition be then? Remember that
England owns the accumulated gold OF
the world and has loaned it out to other
nations upon gOld-bearing bonds. We
can get no gold except from England.
Is it wise to subject US to the disastrous
effects of every financial storm which
may occur in any one Of England's de-
Tendencies.
! The resolutions continue: "All the
gold now in America is England's gold,
loaned to the United States, and which
she can call away at any time by
! the sale of American securities, as
she has done twice within the past
three years. Remember that England
has corner Oh the accumulated gold of
ages. The annual product of gold from
the mines does not affect this corner. as
1t is constantly diminishing, aud is only
sufficient to meet the demands of dem
tistry and arts. Remember that Amer
! lea is the largest owner of silver in the
world.
If England owned all the wheat and
America ali the oats. would it be wise
In America to pass laws preventing the
use of oats? We disclaim any inten-
ton of appealing to any inherited
prejudice against England or her
pOllcy. England knows her own inter-
est and sustains it by legislation.
America, apparently, does not know
her own interest, or If she does, fails to
sustain it. We cali the attention of
Eastern money centeTS to the
fact that they themselves are interested
in the industrial aspect of this question.
The East has more money invested
in the mining region than West
ern people have. Do the owners
OF Western railroads realize that silver
mining is at the bottom Of almost every
industry IN the six states and three ter
rltorleS upon which they rely for bust
ness? Do they realize the vast
amount of Eastern capital that will
be destroyed by the destruction of
silver mining and industries allied to it?
We appeal to the people of the East
and South not to yield to the scare
which has been created designedly
by the gold trust, with a view
to stampeding the friends of silver
We appeal TO them to insist upon leg
islation which will tree this nation from
financial dependence upon England:
which will secure 10 it Legislation Great
ing financial system of its own; that it
Will bring i'll harmony the debtor ma
tons and the silver-uSing nations and
make the United States the money CEN
ter OF the world.