Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-04-06
ADDRESS ON SILVER.
nia nS anl Business Men OIL Uah 10
President Cleveland,
RECOGNITION OF s,LyEa ASKED.


NnnkNnHl nj IIlt t0iillhtN 90 me
marc. hniIdin, RicharI Maraiut5sh
-, ',..ls' ,,,'ta. ..,i -
cs'leo 'he lIiue'ns W ''N.'' "'' 80 -,
Holden oilciatei rs secretary. several
ulrnest epeeches were made by G.. G..
G,,dwip. Tbeadore II. Slebbirs and
~ u.,,-, a., an add... 80,
80 o'u'"' ""N
then unanimously adopted by the
meeting. IL Is US follows:
To m. p,.siI.n,.
The men OF Utah have foae with
unfeigned pleasure that your excel.
lenov has determined. n po..ible. 10
.-''', - '..'.,. -,
eNu'e WV 'oconVe"ins VI Wv '''''"H
uOnh Bilnelhlllc Congress, hud NJ
mais-meeting OF the people OF this
Territory held In salt Lake Ci1y Aptll
., lsO3, adopted unanimously the iol'
lowing, and gave the committee in'
structions to forward tho same TO your
excellency;
Wekeep In mind that tue property
OF country advances or rovies In
direct ratio with the amount Of real
money-money OF ultimate rodenp'
uon-in circulation among tho people.
That the fathers made the silver dol-
lar the unit OF valu.s.
That the only real money known to
the Constitution IL gold anu silver.
That gold aud silver circulated eide
by side without material variation for
Two hu udred years PRIOR To 1873, anu
this, too, without regard TO tue amount
OF cit ior metal produced from the
worli's mines.
That the only serious or materia'
variation that has occurred between
the prices OF the precious metals lot
two hundred years has come, not
through the action OF natural laws, but
through legislation; through the with.
drawal by the nations OF recognition
from silver AZ money and the making
OF gold the only basis OF settlements
we know THIS Withdrawal OF
national recognition from silver was a
violation Of every then existing con.
tract, aud believe II was prOmpte1 and
worked through by Syndicate OF
Dondhvliefs nnd bankers not number
lug nfty people altogether
We believe that NIFTY bondholders
and bankers In New York, London,
Amsterdam anu Berlin could cImbine
aud put IN motion causes that would
iully restore silver TO fuli anu universal
fecoar; zen, on y parity with gold,
Within sikty Jays from date.
We depiorc the fact that fifty
inteIest-gathefcrs can hold the world
by the throat Anu choke tho iife out OF
the business OF producers.
We deplofe the Tact ihht bO,OOO,OOJ
free Amerieans are AFRAID TO do what
nifty bankers might DO
we ascribe inc mighty iali In prices
to the decentralization OF silver alone,
because the purchasing power OF silver
has not decreased In the least, ounce
for ounce In tho rough bar, silver viii
purchase rs much OF all the world's
products, except gold, as u did or could
IN the stamped uollars IN 1873, when,
In our country, the silver dollar com.
manied premium over the gold
dollar.
lnaHmuch IN the WORLDS business ID
mostly credit business aud inasmuch
as the whole volume Of money IN al
most rs nothing compared with the
volume OF the WORLDS business, We
uenOunce as untrue mo charge that
the cause OF the seeming decline In
silver In uuo 10 0Vef'pfOluoiion, and
deride ms groundlehs any assumed be-
lief that thereeVet has been or can be
any ovor'pr0duclion OF eithsr gold or
silver.
silver has remained stationary, gold
has appreciated ~ per cent, anu Imam
cial troubles have thickoned until one
OF the great kothchllls admitted In
the Brussels congress that only
through a greatly enlarged use OF sill
yer could universal panic anu loss
be avoided.
The use Tor silver iof all time has
been for money; ils value up to 1873
rested solely on the recognition OF the
nations that IL made n perfect money
OF maj redemption, Al thu roublo
has come since, aud there can never
again be perfect business equilibrium
until that recognition shall bo restored
and both metals be given the same
treatment under the law This fact IL
becoming clearer every uhy, the ablest
men across the SEA accept 1t; the cry
Tor Justice 10 growing Iohuer ana the
conviction Is hxed IN our minds that
there wss no reason for destroying sill
Yer rs money; that there never was
and Ia not now any reason for chang
Ing tho ratio between tue metals from
sixteen ounces OF silver 10 one ounce OF
gold, and while our foreign trade
amounts 10 but 3 per cent OF the whole,
tbs " per cent OF domestic Trade Is en-
Titled TO most conslleiAllln'
Doubling tho money of The country.
through the gold nom california plac-