The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-04-27
Colonel Irish Opens.

Hon. John P. Irish was presented as
the first speaker, and on making his bow
said that he was to discuss question that
he had never discussed before on public
platform on debate. He was to discuss it
with man who was the foremost advo-
cate of that question. The agitation be-
gan when an eastern man was to paw so
cents for a dollars worth of goods. Now
we are to reverse that and a western man
is to pay for dollars worth OF goods
with 60 cents
81 have never had too much money.
There is no fairer promise than plenty of
money, unless it is the immortality OF
man. We are debating a resolution that
is pending before this congress that does
not only request, but demands, ratio of
sixteen to one for all the silver bullion of
the world. When 1 ask why fix the ratio
sixteen to ono, then l am answered that
the people of the older nations would be
suckers to bring their bullion here,
when they could get for it 81 80 there.
Why not limit it to the domestic pro-
duct? You say you are going to invite
all the silver producers of the world to
sell at your mint. Why not limit it to
the domestic product and leave the rest
of the world to take care OF itself?
THE CRIME OF DENOMINATION.
81 never listened to as great an oratorical
treat as the effort of MIR. Patterson last
night. Let me devote a moment TO the
crime of denomination. Let me remind
you that there was not a dollar OF silver
coined for years before 1873. That crime
had been voluntarily committed for
thirty years by the omission of the peo-
pie to ask that the silver be coined, Sup
pose, in the Intervening years, the
purchasing power OF money would
fail off 20 per cent. instead of
advancing. 1t is that argument
in favor of imitation that leads the people
to demand more and more money, and
the greater the issue the greater the de-
probation of the purchasing power until
the bubble burst. The person who deals
constantly with imitation finally ends in
contraction. When the bubble bursts and
the imitation contracts, there is a
condition of depression and panic. Men
call those periods of imitation good times.
and yet men make debts that they have to
pay when hard times come.
My friend said that one-half Of the
money had been withdrawn by demoneti-
cation and drew the striking similarity
that it was like Withdrawing halt the
foundation from under the Washington
monument. Only $4,000, 900 of silver dol
lars were coined from the framing of the
constitution to 1873, and the babies had
about chawed them out and our fathers
hardly ever saw silver dollar
SILVER AND THE CROPS.
'sJudge Goodwin made the argument
that there is a relation between the price
of silver and that of crops. The wear 1891
came along and wheat went up and silver
went down, and like two men in two ele-
vators, one went up aud the other down.
Wheat sold higher that year and cotton
sold down. at once an absolute conf1a-
grafton spread over the south because the
price of cotton followed the price of silver.
The whole south broke out in an outcry
for cheap money. l trace back the price
Of wheat and cotton for a hundred
years, and / find that when cotton
was high wheat was low. Hunger and
thirst are the primary necessities and
hence it came in 1891, when bread was
high, they spent all their money to fill
their stomachs and starved their backs.
That is why, in 1891 wheat sold high and
cotton sold low. ask all to examine
these facts and see that the price of one
commodity does not dominate the price
of another product.
IN DEFENSE OF CLEVELAND.
ST am told that it is due to the pervers-
ity of the president that we have hard
times. Let me tell you that every posi-