Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-07-26
TALKING BUSINESS.
Utah Merchants Have Something 10
Say on the Silver Question.
ADDRESS TO OUTSIDE DEALERS.
Suggestion that Eastern Firms Caunot
Give Up Prosperous Trade Ia
the West.


the merchants OF this city;
business MEN's ASSOCIATION,
SAIL LAKE CITY, Utah, July %, 1898.
10 the Merchants, Manu- scturcfs and
Capitalists East anu N1su
Through the Business
! Meu'd Association OF salt l.aau CITY,
The merchants Of Utah beg Permission
/ 10 call your Auonti1n 10 tOuU serious
facts, important TO your Interests as
well ~ theirs.
We live In IA region that Ia blessed
wien Il delightful climate, auI which
holds within Tvs noun ain aims 10.
toutcrs prolific, diversified anu mex.
haustihiu beyond description; anu
curing the past few y0arH the develop.
montb We have made have excited the
wonder anu Amusement OF nll visitors
Our cities contain all that be modcru;
our manufactures give employment 10
| lhOu'uuia " people Ia the uUNUIUl-
mout OF nome inuuetrlet; our Iailrua4H
! have been made great ~ iuu latfou.
| hgu given them Ia tho interchange oil
| local anu foreign prOlucts; rus output
OF our coal mines, our gUlJ, silver aud
load mines, OF our quarfiUs, uud the
/ yieid Of Our farms und ranges have
given prosperous employment 90 tnuu-
sAnus VI people, 10 supply whom We,
US merchants, buy from YOU each year
with steadily increasing demand.
We Ointexultingly 10 tho manner
IN which our ba Ks and other iustilu.
buhH nave wcAtheTod the greatest
hnhneial storm that this country has
ever known.
These results could only be- possible
am0ug proud, high.miuueu aau
sensiuyoly honorable ptuplr, anu
what We nave done Ia Gn evidence Of
the manifest desire on our Ugft 10 meet
every demand aud obligation Ia Tie
full sense VI business integrity, Anu
with exact prOmptnuss.
But crisis 10 upon us. We stand
immediately Ia the shadow OF a danger
which " aiming fatal blow AZ me
very basis o. our DEVELOPMENT ana
| prosperity and threatens ~ swegp Out
oi existence The industry on which ali
other Industries depend ~ this region.
IL has been through silver mining that
this region has been developed 10 its
present greatness, and on coal mines,
manufactures, inrms, ranges aud com.
meicr generally lean upou silver min.
Ing us tneir respective source Of pront.
We believe that the action Of eastern
hnanciufs IN their attempt u establish
a single monetary basis anu 10 destroy
silver ~ money has been most ipju.
flouB TO tho country NJ large. II nas
pHTalyzed business Ia our region nnu
threatens ~ utterly destroy properly
values anu tno usual Industries on
which men depend Tor livelihood
here.
As tits, II has resulted In locking up
all the money Of this region. All
mints have been shut down. Alrendy
thousands Of people have been thrown
out OF employment Our money suu.
ply has been damned at a.. very
source. Collections are most difficult
10 make. Factories have had To shut
down aud merchants had to count,f-
mand their orders.
Last year the income from wool In
THIS Territory was s2,500,O0O. This
year II Is only 90 per Ceht OF that SUN.
Tbs coal output has decreased Is per
cent, and railroad tonnage In anu out
~ TITS Territory 90 per cent. All this
has come about from the TALL ia silver
which came through no natural cause,
but solely through legislation anu
through fear Of more of That aamo
sinister legislation.
Our products, our property and re-.
sources, according to the standard Of
values for years pact, are amply sum.
Gent 10 continue our prosperity, but
the repeal Of the sherman act, with mo
tFsssN l.N
give standing 10 silver aa money.
would DO to us as the destruction .,
New York harb0T by an eATthquaks
would be- TO that city.
30 limited Is our money suppIy that
II Ia totally insufficient for ordinary !
business transactions. AT this time |
We have thousands " cattle In the |
Territory anu hundreds Of thousands |
i sheep which cannot be marketed. |
We have magnificent fruit and vast |
quantities Of grain which cannot be |
marketed because there Is no money TO
either preserve or move crops.
We DO not believe We are selfiEh I'm
our appeal TO you, We do not believe
you can afford 10 give up prosperous
trade In the west. We do not believe
you can afford 10 be- passive lookers-on
when direct attempt II about to be
made 10 destroy what haH always been
half the metallic money OF the world:
for your own intelligence will teach
you that with that money destroyed,
following natural law, the prices OF
the world Will decline tiity poF cont.
Moreover, the condition OF the bust.
ness OF the country Ia clear proof that
Notwithstanding No much paper money
has been Issued, ~ many pTomists 10
pay have been put out and called
the business Of the country
oday, tor the want Of Legitimate
IL cOngeslel and the land 4.
'llled with such unrest aud RppreheD.
ion as was never before dreamed Of.
1t II, then, with all sober earnest.
ness, IN tho face of tho existing situa.
ion, that We appeal personally to you
o investigate wilma bias this all.
important subject 10 SEE II we ara not
light. AND We solicit your active,
leTHOnnl cooperation for your own
AXE as well as ours, to use your utmost
influence with your representative ia
lUugtess 10 bring about such leglsla.
ion as may beJusi, that the restrictions
Il present ON silver may BIO removed, 1
hat 1t may have the same chance /
leioTe the country as gold has, the
anne recognition a. deht.pnying
metal, and, If you will, We pledge you |
hat buoin0ss, East ~ well Gs West, G