The herald., 1893-08-03

peace, the dignity Of free institutions
and the very maintenance OF civiiiza'
ton.
We, therefore, in the name of the re.
public and OF humanity protest againet
the repeal of the said act of July IA.
1890, except by an act restoring fres
bimetallic coinage as it existed prior to
! 1878. We suggest the maintenance oi
bimetallism py the United States at the
ratio of 16 to l, which will increase our
commerce with all the silver using
countries of the world, without decreas-
ing our commerce, 23 nations of which
buy our raw materials, and will sooner
compel the adoption of bimetalliem by
the nations of Europe than any other
means.
We assert that the unparalleled cal
arnities which now affiict the American
people are not due to the so-called Sher-
man act of 1890, and in proof thereof
call attention to the fact that the same
acts conditions now prevail over all the
gold standard world. We are convinced
that bad as is the state of affairs in this
country it wonld be still worse but for
the Sherman act, by which the nation
has obtained to some extent an ex-
changing circulation to meet the de-
IuAuue VI buO CUnbln0ub bA0 RIUCoc9
of the colonizations of business exigen-
cies of the most energetic and indus
trious race that ever dwelt on the earth,
law without evasion, so long az it is upon
the statute books, and upon
the purchase Of the full amount
of silver each month that it provides for,
and that the monthly addition to the
csr lot ,anodin tho loW roo
shall be maintained.
We would call the attention OF the
people TO the fact thatin the midst of
all the troubles of the time, the value Of
national banks and national legal tender
money, W neither made of gold, silver OF
paper. has not fallen q particle. The
distrust is not in the government or its
money, but of the banks which have. as
we believe, precipitsted the present
panic in the country, in ill-advised ef-
fort to control the action Of congress on
the silver question and issue bonds.
We invite the bankers to attend to their
legitimate business and permit the rest
of the people to have their full share in
the control of the government. In this
way they will much sooner restore that
confidence which is so necessary to the
prosperity of the people. 1t must not
be forgotten that while boards of trade,
chambers OF commerce, bankers or
money dealers are wealthy and valuable
men in their places, the republic can
more safely repose upon the great mass
of it's peaceful toilers and producers,
and that this "business mans gain is
rapidly exterminating the business men
of this country"
The time has come when the politics
of the nation should revert, as far ss pos
sible, to the simple, pure condition out
of which the republic arose. We sug-
gest for the confederation of our fellow
citizens that the refusal of the oppon-
ents of bimetallism to propose any SUBJ
stitute for the present law, or elaborate
any plan for the future, indicates either
ignorance of our financial needs, or un-
willingness to take the public in their
confidence, and we denounce the at
tempt to Internationally repeal the
Sherman act as an attempt to secure
gold monometallism in flagrant violation
OF the last national platform of all the
political parties.