The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-07-20
ASSAULTS on SILVER.

The Globe Democrat is a popular paper
IN the south because of the variety of the
news it publishes. It's editorial utter
ances, however, do not count for much
on party questions because it is usually
quite radical in its extreme Republican
ism. On the silver question, too, 1t is all
astray and exhibits either much lack OF
knowledge on the subject or that same
intense prejudice which it entertains
against everything Democratic.
For instance, it says:
When the silver states came into the
Union there was no contract, express or
implied. that they should be furnished
with market for their principal product
at the expense of the rest of the country.
The silver states never asked nor do
| they now desire that their principal pro-
duct shall be purchased at anybody's ex-
pense. What they demand is that silver
shall receive that recognition as money OF
which it was surreptitiously deprived by
the act OF 1873. There is an implied
contract that silver shall be coined as
money, in the Constitution of the United
States, and that affects the silver states
with the rest of The country.
The advocates of bimetallism do not
agitate the rehabilitation of silver for the
sole benefit of the silver states, but fer the
welfare of the whole country, which is
suffering for the lack OF money and from
the appreciation OF gold, the debt paying
medium, through the striking down OF
silver from its oldtime position.
But the Globe Democrat says:
Nevada's silver pronunciamento asks:
"What will be the effect when oue-half
the worlds money meaning silver is
destroyed?'' As nobody seeks to destroy
a dollars worth of silver, this question is
not exactly n order.
1t is true thst no one seeks to destroy q
dollars worth of silver as a metal or a
commodity, but the people whom that
paper speaks for are seeking to destroy
every dollars worth OF silver as money.
The Globe Democrat must understand that
this is the meaning of the question from
! Nevada, and it is not even commonly
smart in trying to turn a point against
the query. II the silver people were en-
deavoring to demonetize gold, would not
the Globe Democrat endorse the statement
that they were seeking to destroy vast
proportion of the money of the world?
Why not be fair and meet the issue with
out lodging.
The same paper wants to know ii silver
costs as much as the Colorado people say
it does TO place 1t on the market, whether
all these years that silver has been selling
for from twenty-five TO forty per cent less
than their figures, they have been selling
their product at loss.
In some instances silver has been sold
at a positive loss on present cost of pro-
duction, former gains being taken into
consideration to partly equalize the
transactions, and that the mines may not
be forced to shut down for lack of money
to carry them on. While some mines
have been run at a good profit, Others
have made much less, and some have lost
money and quit. The Colorado people,
that is the moderate men among them,
take the business in the aggregate and
base their estimate on that. Is not that
an equitable way?
The Globe Democrat also says:
The trouble with those who do most Of
the talking on the silver question is moi
so much they don't know anything about
1t as that they insist upon thinking they
do.
We commend that to the Globe Demo
crdt itself. Il fits its own Gaze exactly,
unless it is fact that it talks as it does il
the interest of the gold spectators, know
that its assaults upon silver are attacks
upon the financial life of the country.