The herald., 1893-11-05
THE CAUSE OF SILVER
An Appeal to the People to
Take 1t Up.
PopuIist Congressmen Issue an
Address.
Senators Jones and Stewart Among
the Signers.
1t Appears That Both Gave Gone Into
the Popuifst Camp-Coinage and
Currency Mstters-W
ington Gossip.
BY the Associated Press.

BY the AhSoclatsu fFess.
WASHINGTON, Nov. 4.-The Populisi
members of congress today issued an
address appealing to the people to take
up the silver cause. 1t is significant
that the name of Senator Jones of Ne
vada appears among the signers OF the
document. The address calls attention
to the fact that the arts require almost
the total gold production, and says the
decrease in the volume of this metal,
caused by boarding, has caused it to ap-
preciate 40 to 30 per cent. The address
continues:
'The repeal OF the purchasing clause
of the Sherman act destroys silver as
money of ultimate redemption, and has
reduced the metal to credit money to
float only by redemption in gold. The
81, 100. .000. 900 of paper and silver now in
crculstio must rest upon less than
500 COO, 900 gold in the treasury as avail
able for redemption. The only reason
for demonetizipg silver was to enhance
the value Of gold and obligations paya.
BILE in money. 1t is further proposed to
sell bonds of tho United States and buy
gold to strengthen the reserve in the
treasury. The national banks will use
the bonds for banking, and increase
their notes, upon which the people must
pay interest, as we'll as on the bonds"
1t is asserted that the secretary of the
treasury surrendered the option to pay
silver to exporters, without considera-
tion, and then proclaimed that the Sher-
man act was driving gold out OF the
country.
The address asserts that the Sherman
80 rk.k H., aa,.f
of gold standard, and the New York
and London bankers and the present
administration in the United States and
in the Gladstone government in Eng
land, conspired to force it's repeal.
Referring to the contest over the re-
peal bill IN the senate the address says:
''It continued until the gold power and
federal patronage could induce major
ity of that body to submit to executive
dlctation. The gold press in every COM
mercial center teemed with misrepre-
sentation, insult and abuse of the un-
purchasable defenders OF the people.
Banks, boards of trade and the COM
mercial press demanded vote without
debate. The power of money was felt
on every hand. Intimidation and
threats of personal violence loaded the
mails of senators. Unusual and cruel
hours were resorted to exhaust the ad-
vocates of silver and deprive them of
opportunities of spreading upon the
records their reasons why the people
should not be robbed for the benefit of
the money-ehangere."
The document ends with an appeal to
the people to study the question and
with this: "Trust no man wiioonce be-
trayed you, put no faith in any presi-
dent who assumed dictatorial power.
Do not be overawed or intimidated by
Wall street and the power of the ma
ticnal banks. When the people rise in
their might. intrigue, cunning, usurpa-
tion, bribery and corruption will vanish
before them"
The paper is signed by Senators PEI
fer, Jones of Nevada, Stewart, Kyle and
Allen, and Representatives Davis, Baker,
Boen. Bell, Harris, Hudson, Simpson,
Pence, KEN and McKsighan.
Gen. A. j. Warner, president of the
American Bimetallic league, has also
issued an address which closes as fol-
lows:
"The remedy muet be sought at the
ballotbox. Retire every representative
who has been unfaithful to his trust and
elect only true and tried men to repre-
cent your interest in the great struggle
now before u.s."