The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1893-07-30
DENVER TALKING SENSE
Reasonable Resolutions Concerning the
Coinage Of Silver. .
NO TALK OF SECESSION
Tho Friends OF the White Metal
Adopt a More Sensible Line
OF Argument Than War
Threats.

DENVER, July GA committee from
the chamber of commerce and board Of
trade appointed to prepare memorial to
congress in favor of an increase in the
circulating medium by tho free coinage Of
silver produced from the mines of the
United States and demanding the paying
out Of the money boarded in the vaults of
the treasury, has, through its chair
man, made its report. II calls at.
tention to the fact that the amount
OF legal tender currency i'm tho
country is altogether inadequate
to the transaction of its business !;
that this condition of the currency has de-
preciated values aud finally destroyed
confidence, brought ruin on the length
and breadth of the country. closing busi-
ness generally, mines. banks and manu-
factories from the Atlantic to the Pacific.
from the lakes to the gulf. and the repeal
of the Sherman silver law would further
contract the currency and should there
fore not he done without providing an
adequate substitute.
II prays that Carlisle pay out on the
debts OF the government, including PEN
sons. contracts and appropriations, and
distribute to national bank repositories
for that purpose all legal tender silver
coin now in the treasury; to require the
secretary of the treasury to coin into legal
tender money and pay out I'm like manner
on debts of the government all silver
bullion now or which may hereafter be
In the treasury; that the reserve of n hun
dred million dollars in gold in tho treasury
placed there at the time of the resump-
tion of specie payment in 30 to protect
the credit of the government against the
possibility of default in meeting its gold
liabilities he put in circulation, since the
credit OF the country is So abundantly
established all over the world that such
reservation is no longer required. The
memorial also earnestly protests agains,
any increase of the national debt to raise
money to pay in gold debts that are paya'
bio IN coin only or attempting to admins
ter the finances of the government on a
| strictly gold basis.
The memorialists call attention to tic
fact that mono-metallic England has pei
capita of only Sls.42 in circulation and
| mono-metallic Germany only S1s.54 and
the United States, Sa5.l5, while bimetalli.
| France has Si0.56 in circulation pei
capita consisting of $500. 100000 in golc
and 500, ,OO0, 900 in silver, with the ratio a
l5L to 1, and that 1t is maintaining tn,
parity between gold and silver coin. w,
respectfully protest against the continua
ton Of the practice Of the authorities o
bi-metallic America in following mono
metallic England in matters of finance
Because Great Britain is the largest aggrc
CATION of money lenders in the world an,
your constituents, in developing thei
country, have become the larges
borrowers in the world, and becaus
hers is an aristocratic government and i
administered by mobiles, landlords, bank
ers and capitalists in the interests Of thei
own class. whose interest aud object is 4
make money more valuable by tho con
traction of currency to gold basis; VIII
have little regard for the wishes of th
common people, who are bi-metallists
while ours is a government of the people
by the people, and for the people,"