The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-07-20
SILVER MINERS APPEAL.
RINGING ADDRESS BY THE SILVER
CONVENTION AT DENVER.
Graphic Portrayal Of the Woes That Must
Follow the Adoption Of Gold Standard.
Strong Plea for the Original
Coinage Law.

DENVER, July lS.-I0e luIeTeSU III
the silver convention has not in the
least abated from yesterday and when
called to order this morning standing
room could not be had. After the APP
pointment of delegates to the st. Louis
and Chicago silver conventions and to
the gold bug" gathering at st. Paul,
the committee on resolutions present
ed the following which was unani-
mously adopted:
To the People of the United States
The people of Colorado, standing in
the gloom of impending disaster and
representing in condition and senti-
ment the people of Montana, Idaho,
Wyoming Nevada, South Dakota,
Utah, Arizona and New Mexico, with
reverence for the constitution and UNI
swerving loyalty to the general gov
eminent, ask your calm and candid
consideration of the following
fact before you give APP
prevail to the destruction Of
silver as money and to the final estab-
lishment IN this country of single
gold standard of values, and thus at
one stroke change all debts and in
augurate never ending rise OF gold
and continued corresponding fall in
the price of every commodity. Cong
ress has been called to meet in extra
session on Aug. Z Preceding that call,
the classes which have struggled for
90 years to overthrow the bi-metalic
money standard provided by the con-
stitution, inaugurated what they I'M
truthfully charged to the existing sill
yer law, ignoring the facts that there
were $500, 100000 of outstanding legal
tender notes commonly called green
backs" that were equally available
with treasury notes issued in payment
for silver, to draw gold from treasury,
that the balance of our foreign trade
had turned against us, rendering set
Element abroad with American gold a
necessity and that the great bankers
of Europe were purchasing gold with
which to change the money standard
or Austria and fill the treasury vaults
of other nonachial countries. The
evident purpose was to. create pre-
iudice against what is known as the
silver purchasing act and under pres
sure to secure its unconditional re-
peal.
The success of this scheme was only
Partial. Vcnal presidential patron. :
age, supplementipg false and incendi-
airy utterances by the gold press, ag-
gravated by daily circular assaults
upon the law by Eastern
money brokers, sent to every
commercial body and banking cor
poration in the four quarters of the
country, possibly won over the house
of representatives, but even the presi-
dent has admitted that in the senate
there was staunch majority against
it, when suddenly like fire hell in the
night the news flashed beneath the
ocean that free coinage in India had
been suspended and the market price
of silver had fallen within 48 hours
fully 20 cents per ounce. This startl'
ing action, forced upon the Indian
government without moments
warning, stepped in secret contempla-
ton by the British government fol
months, to be taken at critical and
opportuue time. when the consterna
ton it must create it was
hoped would stamp out the last
pbalanx of be-metalism's defenders
must have had as Ole of its chief aims
the intention to bring the senate in
line with the subselvient lower house
Immediately the wires were bur
dened with appeals to the president
from bank and clearing house anC
commercial bodies, dominated 10y
them, for an extra session, and to SEN
ators to repeal the Sherman law
which it was claimed was responsible
for all the disaster. The call wa'
made in time for the session to com
mcrce early, so early that may it no
nave been the hope of the presiden
that the panic would not subside ant
the measure of repeal be forced
through before reason resumed it
sway and truth and logic could domi'
nate congress?
The enemies of bi-metalism, ant
they now fairly number all those VIII
onnose free coinage, for silver alik,
silver alike with gold as it was ,befor
decentralization of silver in 1878, openl.
declare they will be content with moth
ing less than the unconditional repea
of the silver purchasing clause OF tn
Sherman law. 1t is for that the.
struggle; it was to secure that thu
panic created and free coinage in 1ndi
suspended.
unconditional repeal. That mean
striking from the laws the last rem
nant of legislation that secures coinag
for silver. IL fixes the United State
firmly in the ranks of single standar'
nations. 1t is the consummation @
a conspiracy organized at the clos
of the Franco Prussian war to des
troy as money the ultimate redemption
of ona half OF the coined money of tn
world, leaving the other half to bea
alone the vast mountain of credi
, upon which the worlds business wa
nducted, inviting more frequen
panics, rendering them more dsstrut
tive and enduring. 1t is idle to hop
that reducing the value of silver to il
lowest stage will force Great Britai
to seek an international solution of tn
dilemma. The home of single stanc
ard is in her islands. Its member
! have fully anticipate | the low degre
to which silver will descend The
: have discounted its disturbance Of ne
e Indian trade and steeled the hear
t against the crime it will be again'
. her Indian subjects.
The power that could plot for
e wears. that could force its yoke upo
-iIartnanv tha Latin uniOn AusiIi