The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-07-13
People Of Colorado Drop Threats and
Talk More Calmly 10 the Country.
They Want the White Metal Remonetized,
and Say IL Is Not Done Great Distress
and Misery Will Be the Result
England and the "Gold Bugs" of Amer
lea Charged with Being in League.
Special Appeal to the South to Prevent Anti
Silver Legislation in Return for Favors
Rendered by Teller and Walcott.
COLORADO APPEALS.
Asks tho Country to Assist in Defeating II

COLORADO APPEALS.
Asks tho Country TO Assist in Defeating the
Conspiracy" of the Gold Bugs.
DENVER. Col, July lathe interest In
the silver convention had not in the least
abated from yesterday. and when it was
called to order this morning standing room
was not to be had. After the appointment
of delegates to the st. Louis and Chicago
silver conventions and to the 'gold bug"
gathering at st. Paul, the committee on
resolutions presented the following report
which was unanimously adopted:
To the People of the United States:
The people of Colorado, standing in the gloom
OF impending disaster and representing III con-
dition and sentiment the people of Montana,
Idaho, Nevada. south Dakota. Utah, Arizona
and New Mexico, with reverence Tor the Con-
stitution and unswervIng Loyalty to the general
government, ask your calm anu candid consid-
Grafton OF the following facts before you give
your approval TO the destruction OF silver
money and OF the inal establishment in this
country or the single gold standard of values.
aha thus al one stroke change all aeDts 10 golo
debts aud inaugurate a never-endlng rise OF
gold and q continued corresponding fall III the
prloe OF every commodity:
Congress has been called to meet In extra ses-
sion on Aug. z. Preceding that call the classes
which have struggled for twenty years to over
throw the bimetallo money standard provided
-
they untruthfuly charged TO the existing silver
law, ignOring the facts that there were $780,
OOO000 OF outstanding legal-tender notes, CON-
available with the treasury notes issued IN pay
ment for silver TO draw gold from the treasury;
that the balance of our foreign trade
had turned against us. rendering settle
ment abroad with American gold ne
cessity. and that the great bankers OF Europe
were purchasing gold with which to change the
money standard OF Austria and to I'LL the treas
ury vaults or other monarchial countries. The
evident purpose was to create prejudice against
what is known as the sllverpurchasing act, and
under pressure secure its unconditional repeal.
The success OF this scheme only partial.
Venal presidential patronage, supplementing
press. aggravaie ed by daily circular assaults upon
the law by Eastern money brokers, sent TO every
commercial body anu banking corporation in the
four quarters of the country, mad possibly won
over the House OF Representatives 10 1t, but
even the President admitted that in the Senate
there was stanch majority against It,
INDIA's THUNDERBoLT.
Suddenly, like fire bell in the night, the news
was flashed beneath the oceans that free coinage
In India had been suspended and that the mar
ket price of silver had fallen within forty-eight
hours fully 20 cents per ounce. This startling
action forced upon the Indian government with
cut moments warning the step held in secret
contemplation by the British government for
months. to be taken at critical and opportune
tlIife, gnen the CONSERVATION IL must create, IL
was hoped. would stamp out the last phalanx Of
bi-metallism defenders, must have had as one OF
its chief aims the intimidation of the Senate to
bring 1t in line with the subservient lower house
Immediately the wires were burdened with ap-
peals to the President from banks and clearing
houses and commercial bodies dominated by
them for An extra session, and to Senators TO re-
peal the Sherman law, which, 1t was claimed,
was responsible for all the disaster.
The call was made. The time for the session
to commence is early; so early indeed, that may
1t not have been the hope OF the President that
the panic would not subside. and the measure of
repeal be forced through before reason resumed
its sway, and truth and logic could dominate the
Congressl The enemies OF bimetallism-and they
now fairly number all those who oppose free
coinage for silver alike with gold, as 1t was be-
fore the demonetiZatfon of silver, in 1S73-open-
ly declare that they Will be content with nothing
less than the unconditional repeal of the silver
purchasing clause Of the Sherman law. 1t is for
that they struggle it was to secure that that the
panic was created and free coinage in India sus-
pended
laws the lastxemnant of legislation that secures
coinage for silver. IL fixes the United states
firmly IN the ranks Of the single standard ma
tions. 1t is the consummation OF the conspiracy
organized at the close OF the Franco Prussian
war to destroy one half Of the coined money OF
the world-leaving the other half TO bear alone
the vast mountain OF credit upon which the
worlds business is misunderstanding more fre-
Quent panics. and rendering them moro de-
structive and enduring
1t Is idle to hope that reducing the value OF sill
yer TO the lowest stage will force Great Britain
TO seek an International solution of the dilemma.
The home of the single standard
anticipated the low degree TO which silver
will descend. They have discounted its disturb
ance OF her Indian trade and steeled their hearts
against the crime II will he against her Indian
subjects. The power that could plot for seventy
seven years-that could force its yoke upon Ger
many, the Latin Union, Austria and the United
States; that could gain to its aid the daily press
of the country; that could control for twenty
years the national conventions of the great
American political parties. granting in their
platforms professions OF bimetailism but always
securing presidential candidates unalterably op-
posed TO il; that could change an overwhelming
sentiment among the people for bimetallism to a
feeling of enmity or inditference-can never be
induced relent. for it has counted the cost and
has learned Its power.
WANT THE OLD LAWS RE-ENACTED.
The Sherman law is not the work Of the silver
producing States. 1t was forced upon the coun-
try against their will Their constant demand
has been that Of the agricultural States Of the
West and South and Of the working masses Of
the whole country. They have not sought to i'm.
pose upon the country SONS new financial nos
trum, but have asked simply for the restoration
OF the coinage laws as they were from the fret
year OF the Federal Constitution until the fur
tive repeal of 1873. The Sherman law the
trick by which that restoration was defeated. It
was accepted by binetallists as pledge that
the old laws should at some future time be re-
stored, and they demand, not that the
Sherman law shall be retained, but that the hos
tage shall be redeemed by the reenactment in
tts stead of the coinage laws under which the
country grew and prospered for more than three
quarters OF q century
The charge that the bimetallists demand that
60 cents shall be made q dollar ia lie. 1t was
the trick OF the single standard conspirat0rs that
lessened the value of silver. Had gold been de-
monetiZed instead or silver-retainlng for silver
its greatest use and chicfest function, and de-
priying gold OF its greatest and chiefest junction
gold would not to-day be worth So per ounce,
and silver's value and purchasing power would
be increased largely above its former highest
figure. What bimetallists do ask, and all they
ask. Is that the law relating to coinage 1t was
for the seventy-iv years of the country q
greatest glory snail be restored without
the addition or the expunging OF q syllable.
If, with that law re-enacted and fair trial OF t
had. silver shall not, without the purchase OF an
ounce of metal by the government, resume its
former relative value with gold, bimetallists will
cheerfuly submit 10 any legislation that expert
ence would suggest as necessary 70 make every
dollar OF the United states equal In intrinsic val
ue to every other dollar bearing its stamp They
urge the old law with supreme confidence. horn
of the unassailable truths OF history. that IL will
Immediately place every coined American dol
lar upon par OF value. both as coin and bullion,
restore the bonds of weakened love and conf
dence and set I'm motion the wheels OF ali the
country's magnificent industries.
Will you listen 10 us while We speak In words
of sober earnestness of the local effects OF the
unconditional repeal OF the silver law. The
silver mining States and territories. embracing