The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-30
A DENvx. FINANCIAL MxnoRIAL.

Ae Asks the 60vornmene % 1oeTeaoo the
Circulating Mediam ~ silver Issas.
DENVER. July "a committee Of the
Chamber Of Commerce and Board Of
Trade. appointed to prepare . memorial TO
congress in favor Of an increase in the cir
culating medium by the free coinage Of
silver produced from mines in the United
States and demand the paying out OF the
money boarded in the vaults Of the treas
ury. through its chairman. ex-Gov. John
Evans. has made its report. a. follows:
at calls Attention to the fact that the
amount of legal tender currency in the
country 10 altogether inadequate to the
Transaction of its business; that owing to
this. great injustice is being done by rela-
lively diminishing the value Of property,
wheat, cotton. silver: that this condition
OF the currency deprecated Values finally
the length and breadth of the country,
closing business generally, mines, banks
and manufactures from the Atlantic to
Pacific and from the LAX es to the Gulf;
that tho repeal Of the Sherman silver law
would further contract the currency and
should. therefore, not be done without
providing pr! IN adequate substitute;
be remedied by the government re-
storing tho amount Of legal tender
circulating medium to the amount re-
quired, making it honest money in fact
To accomplish this imperasively neces-
sary result it prays to require the secretary
oil the treasury to pay out on the debts Of
the government, including pensions. con-
tracts and appropriations. and distribute to
the national bank repositories for the pur.
pose all the legal tender silver coin now in
the treasury; to require the secretary of the
treasury to coin into legal tender money
and pay out in like manner on the debts
Of the government all the silver bullion
now, or which may hereafter be, in the
treasury; that the reserve Of 500, 000, 600
in gold in the treasury, placed there at the
time OF the resumption OF specie payment
in 1879 to protect the credit Of the govern
ment against the possibility of default in
meeting its gold liabilities, be put in cir
culation. since the credit of the country il
SO abundantiy established all over the
world that such reservation is no longer
required.
''The memoriaiists earnestly protest
against any increase in the national debt
to raise money to pay In gold debts pay
able in coin only, or attempting to adj
minister the finances Of the government
on a strictly gold basis. The memorialists
call attention to the fact that mono-me-
$iS.A2 in circulation. mono-mctallic Ger
many only $lS.H and the United States
SIS Is. while bi-metaliic France has $40. J6
in circulation per capita. consisting of
$soo. 900. 0O0 in gold and sos, 0OO, 900 in sill.
yer. with the ratio at ISL to 1, and that it
maintains the parity between gold and
silver coin.
ave respectfully protest against q con-
tinuation OF the practice of the authorities
OF bi-metallic America following mono
metallic England in matters of finance.
because Great Britain has the largest AZ.
gregation of money loaners in the world.
ana your constituents, in developing their
country. have become the largest borrow.
ers III the world; and because hers is an
aristocratic government and is admins
tered by mobiles, landlords, bankers and
capitalists in the interests Of their own
class, whose interest and objec, is to make
money more valuable by the contraction
OF the currency to q gold basis; which has
no regard for the wishes of the common
people. who are bi-metaliists. while ours
is government of the people, by the
people and Tor the people, ~