The herald., 1893-07-21
sURR TO BE HEARD FROM.

That our British friends played a
trump card in procuring the cessation
of the coinage of silver at the British
mints in India was made very apparent
by the instant slump of the price of the
white metal in London and New York.
A drop of twenty cents an ounce in the
price OF silver bullion within twenty
four hours shows how cunning was the
scheme, and how perfect were the ar.
rangements, for wrecking the twin
moneys OF the constitution of the United
States.
Should the congress OF the United
States repeal the Sherman bill without
adequate protection of silver-the only
adequate protection being free coinage
OF silver and the pledge Of the credit of
the United States to maintain all its
issues of money at par-silver will go
down to twenty cents an ounce, and all
American products, which England and
Europe need, will 60 down accordingly.
This is the law and the prophets of the
whole matter, and there will not be
wanting powerful advocates of the white
metal in both branches of congress to
set the question in its proper light.
Meanwhile, we may be permitted to
point out the mischief which has al
ready been done by the gold bug foray.
The great bank furry in Denver is the
first and most disastrous effect of this
conspiracy, radiAting from London and
Wall street. Probably there was never
a more interesting development in the
world than Denver. Here was city
whose prosperity was founded on the
silver mines of the State of Colorado.
1t was q city OF palaces and workshops
entirely the most charming combina-
tion that could be imagined. Prosperity
dug from the hills and rocks was its
keystone, while an intelligent system of
agriculture and horticulture was its
splendid buttress. Even the most cas-
ual visitor could not fail to recognize the
fact that Denver was the Rocky Mount
ain Chicago. Its banks were the sound.
est on the continent-net an element OF
rottenness. by ordinary standards, at
taching to any one of them. On sud-
den, the anti-silver conspiracy is ma
tured, and instanter everything is ruin.
A maddened community rushes upon
banks that are doing sound and legiti
mate bueiness, utterly oblivious, these
banks, that their depositors were liable
to rush upon them pell-mell, like hordel
ofinfuriated wild hogs. with tusks as long
as saber. The mines close down. The
smelters follow suit. Thirty thousand
men, who work in the mines and In the
smelters, are thrown out of employ.
ment. Five Thousand wood choppers
and charcoal burners follow suit. A
paralysis like death Immediately takes
possession of the interior of great con
tinent. 1t ramifies through every branch
of trade, annihilating the chance of any
railway making dividend, and leaves
the industrious and energetic citizen
confronted with ruin and want.
Such financial cataclysm is certainly
not the result of any genuine American
policy. The sooner congress shall as
semble the better. 1t will find the great
west--the creator OF the prosperity o
the United Shakespeare and almos
despsiring, but still possessed of ele'
ments of resurrection, and endowed
with Cyclopean energy. The voice o
that tremendous expanse, aided by tina
OF the south. is certain to be heard.