The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-08-06
ALL EYES ON WASHINGTON.
Speculation as Co What Congress
May Do.
THE OUTLOOK is BRIGHT.
Leading Business Men Look For Fa.
yorable Legislation.
Governor West Believes the Sherman
Act VIII Be Repealed and Free
Coinage Bill substituted-What the
Effect VIII Be On Utah.


Effect VIII Be On Utah.
Ell eyes are now turned to Washing
ton.
Tomorrow congress will convene in ex-
ira session, President Cleveland will send
question of most Importance to the west
will begin.
Speculatlons in regard to what congress
will do with regard to silver are heard on
every hand, and the effect of favorable
legislation upon affairs in Utah is almost
the sole topic of discussion in business
circles.
GOVERNOR VESTS VIEWS.
Among the stalwart bi-metallists of
this city is Governor West. When seen
by HERALD reporter yesterday his ex-
cellency said:
1.-THE Sherman act will be repealed
without doubt, and q free coinage bill
will be substituted for it. The Sherman
act did more to demonetize silver than
anything else, making it commodity
instead of a money metal. Any legisla-
ton that will recognize silver and gold as
money metals will advance the interests
of Utah and bring prosperity to the people
OF the territory. / think the gold
and silver men can agree that we need
both metals for our money, then let them
settle the ratio afterwards; if it is 16 to 1
or 20 to we will be satisfied
Governor, don't you think ratio of
20 to would give foreign countries an
opportunity to purchase our money and
recon it at profit?'' asked the reporter.
"No, don't think it will; for just as
soon as we take this bold stand on this
question the ratio will become universal
and all foreign countries viii ad
! just their ratio on the same basis.
The silver convention at Chi
cago, in my mind, has advanced
the interest of silver very materially and
done world of good. 1t has made the
east think that there is something in sill
yer after all. The special session of con-
gress will run into the regular. as the
battle will be long and hard"
T. G. WEBER,
superintendent of z. c. MI :, said:
GA free coinage bill on a ratio of
10 to l or 20 to l would be a good
thing for Utah, and good times
would follow inside of ten days. think
the Sherman act win be repealed without
a very long session. Utah's interests are
identical with those of silver. We produce
S12 600, 600 worth of the precious metal,
|
entire proceeding interests of our terri
tory. While it is true that we are
a largely agricultural country, we can
not compete with the east or California
on account of our expensive irrigation,
and the only thing we can compete with
is wool, and that has received black
eye.
81 think the great silver convention at
Chicago, was a grand tribute to silver,
and good results are sure to follow from
The impression the convention has made
upon the east.
]. BARNETT,
cashier of Mccormick & Co., bankers,
said: ssThe Sherman act will not be re-
pealed, but clause inserted making the
ratio 20 to l instead of 10 to /. Utah is
interested in the future of silver, for It's
mining industry is in its infancy, and
should Congress give us ratio of 20 10 1,
increase of business and pros
perity would follow Immediately. The
convention ct Chicago was big strike
for silver, and its good effect will be felt
before the session is finished. -
FRANK KNOX,
of the National Bank of the Republic
was eloquent in his defense OF the white
metal, saying: 1.-THE Sherman act will
not be repealed, but satisfactory ratio
clause will be inserted on a basis of IS, Is
or 20 to l, and prosperity and general re-
sumption in all business will follow.
Every man in the territory will
find employment, our mountains will
be covered with prospectors search
, ing the bowels of the earth
for silver and gold. Silver will receive
justice, and as it is now. valuable mines
at Bingham, Park City and other parts Of
: Utah cannot be worked at q profit.
49, &Hn+ --1r 11ol
gold, but without silver at its proper
value they cannot he operated.
81 remember the time, and it is moi
long ago, when 5000, 900 weekly was paio
! out for bullion, and its effect upon thu
city was easily felt; it came from th,
earth, and was not taken from any Other
{ business, and save what little was paic
> in dividends was entirely spent in ou
city aud did business good. Confidence
is slowly returning in financial affair
and sixty days will show big changes
f. W. FRANCIS,
D of the firm of Galloway, Hoocl
e & Francis, said: GA great dea
9 depends on what Grover Cleveland's mes
sage will say in regard to silver, and if i
is favorable our whole country will a
!, once assume an air of prosperity and hap
piness. A ratio OF 20 to would be salts
factory and Utah's future will b
bright, as her mining industry, still
young, Will every day increase the out
:, putt
t A. B. JONES,
cashier OF the Utah National bank, ex
!. pressed himself as unable to give a.
e opinion of what Congress would do un
a til he had read Cleveland's message, Blu
: thought that free coinage would brin
prosperity and wealth to Utah's produc
tive interests.
Q A CRIMINAL ASSAULT.