The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-11-05
IN BEHALF OF SILVER
POpulist Members of Congress Is
sue an Address to the People.
Signed by Senator's Jones and Stewart
Proposed Coinage of Silver Dol
lars-The Seigniorage Question.

WASHINGTON, Nov. 4. - The Populist
members of Congress, including Senator'S
and members of the House, to-day issued
en- address, appealing TO the people to take
up the silver cause. 1t is significant that
the name of Senator Jones, of Nevada, ap-
pears among the signers of the document.
The address begins with statement of
the aggregate debts of the world and of
the gold and silver in existence, calls at
tention to the fact that the arts require
almost the total gold production and says
the decrease of the volume Of this metal
caused by boarding has caused it to appre-
ciate 10 or 80 per cent The address con-
tinues:
1.-The repeal OF the purchasing clause Of
the Sherman act destroys silver as money
of ultimate redemption and reduces that
metal to credit money TO float only by re-
demption in gold. The s1,1OOOOO,0OO of paper
and silver now in circulation must rest
upon less than $1OO,000,0O0 of gold in the
treasury available for redemption. The only
reason for demonetizing silver was to en-
nance the value of gold and obligations pay
able in money. 1t is further proposed to sell
bonds Of the United States and buy gold to
strengthen the reserve in the treasury. Ma
tional banks will use the bonds for banking
and issue their notes upon which the people
must pay interest as we'll as on the bonds.
After reviewing the silver legislation
since 1873, it is asserted that the Secretary
OF the Treasury surrendered the option to
pay in silver to the exporters of gold with
out consideration, and then proclaimed that
the Sherman act was driving gold out or
the country. The address criticises the
the Democrats sharply. 1t asserts, In Ell
the establishment of gold standard, ana
that the New York and London bankers
and the present a6ini3 Gadatnna aove Te
ment in England conspired to force It's re-
peal. 1.-The President" it says issued a
which he attributed the panic which ne
himself had aided to create, to the Sher-
man act"
Referring to the contest over the repeal
bill in this Senate the address says 1t con-
tinued until the gold power and federal
patronage could induce majority or that
body to submit to executive dictation. The
gold press in every commercial center
teemed with Misrepresentation, Insult ana
abuse OF the unpurchaSable defenders or
the people. Banks boards of trade and the
commercial press demanded vote with
out debate. The power of money was felt
on every hand Intimidation and threats
of personal violence loaded the mails or
Senators. Unusual and cruel hours were
resorted 10 to exhaust the advocates OF sll.
yer and deprive them of an opportunity OF
spreading upon the record their reasons
why the people should not be robbed for
the bene1t OF the money CHdHSCLS- 1AiS
document ends with an appeal TO the peo-
pie to study the question and with this:
.sTrust no man who has once betrayed you.
put no faith in any President who assumes
dictatorial power. Do not be overawed or
inundated by Wall street and the power
OF national banks. When the people rise
in their might, intrigue, cunning, usurpa-
ton. bribery and corruption will vanish be-
fore them" -
The paper is signed by the following Sen
stors: John =. Jones, William NJ. Stewart,
lanes H Kyle, William V. Allen; also
Representatives John Davis, William Baker,
II F. Boon, John G. Bell w. A. Harris, I.
u Hudson Jerry Simpson, LATE Pence, ..
NJ Kemdul w. A. McKeighan.
General Warner, president of the Ameri-
can Timetable League, also issues an adj
dress in which, after dwelling upon the re
cent anti-siver legislation. closes as fol
lows: 1.-The remedy must be sought at the
ballot box. Catechise every candidate for
a legislative office and pledge every candl-
date for Congress to work and vote for the
restoration of the constitutional standard OF
money with the coinage of both metals
without discrimination against either, ana
the issue and control of paper money by the
government of the United States. Retire
every Representative who has been un-
faithful to his trust and elect only true and
tried men to represent your interest In the
Sfr. before