The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-07-30
Silver Men Are Ready to
Fight.
MAKING FORMAL PROTEST.
This Country Should Not Follow the
Lead of England in Financial
Matters.
Special TO THE MORNING CALL.

Chamber OF Commerce ana B0ard OF
Trade appointed to prepare memorial to
Con ress in favor Of the increase in the
circulating medium by the free coinage OF
silver produced from the mines OF the
United States. and demand the paying out
of money boarded in the vaults OF the
treasury, has made its report through Its
chairman, x-Governor John Evans.
1t calls attention to the fact that the
amount Of egal-tender currency in the
country is altogether inadequate for the
transaction of its business, and owing to
minishing the value Of property, wheat.
cotton and silver; that this condition OF
the currency Deprecated values. finally de-
stroyed confidence. brought ruin on the
length and breath of the country, closing
business. generally, of the mines. banks
and manufactures from tho Atlantic to the
Pacific. the lakes to the gulf; that the re-
peal of the Sherman silver law would
further contract the currency and
should therefore not be done without
providing an adequate substitute; that
such condition can only be remedied by
the Government restoring the amount OF
legal tender circulating medium to the
amount required. making it honest money
in fact, and TO accomplish this impera-
lively necessary result it prays to require
the Secretary of the Treasury TO pay out
on the debts of the Government, including
pensions, contracts and appropriations,
and distribute the national bank deposit
tories for the purpose. all lsgal-tender sill
yer coin now in the treasury; TO require
the Secretary of the Treasury to coin into
legal-tender money and pay out In like
manner on the debts OF the Government
all the silver bullion now or which may be
hereafter in the treasury; that the reserve
OF 500, 100000 In gold in the treasury,
placed there at the time of tho resumption
of specie payment in 1879 to protect the
credit Of the Government against the pos
sibility of default In meeting its gold liza
bilities, be put in circulation, since the
credit Of the country is so abundantly es-
tablisheG all over the world that such
reservation no longer is required.
The memorial earnestly protests against
any increase in the national debt to raise
money to pay in gold debts paya bic in coin
only, or any attempt to administer the
finances of the Government on strictly
gold basis.
The memorislists call attention to the
fact that monomstallic England has a per
capita of only SIS AZ in circulation, and
mon metallic Germany only SIS 81, and
the United States 325 Is. while bimetallic
France has $40 Sc circulation per capita.
Of $500. 600. 600 in gold. $780, 0oo.-
900 in silver, with tho ratio at 151s to 1,
aud that it maintains the parity between
gold and silver colo.
I'VE respectfully protest." the report
says. against the continuation Of the prac-
tice of the authorities in bimctalic Amer
lea in copying or following monometallic
England in matters of finance, because
Great Britain is the largest aggregation OF
money-lenders in the world. and your con-
stituents in developing their country have
become the largest borrowers in the world.
aud because hers is an aristOcratic gov
eminent. administered by noble land
lords. bankers and capitalists, in the inter-
ests OF their own class, whose interest and
object are to make money more valuable
by the contraction OF the currency to the
old basis. who have little regard for the
wishes OF the common people"
CHICAGO, July 29.-The silver men from
the West held a conference last evening
with the local advocates of FREQ silver.
The leaders Of the delegation are: Willis
Sweet aud j. II. Farney, of Idaho; w. NJ.
Chambers Of Washington and CIV. Sweet
OF Cheyenne. Wyo. They declined to say
what they will ask at the hands of the
convention. Chambers will. after deIiber-
alton. give out for publication what the
gentlemen from the silver States will seek
to secure. 1t is understood. however, that
men from Colorado, Montana, Wyoming,
Idaho. WASHINGTON. the Dskotas and Ne
braska will unite upon distinct line Of
policy 10 be urged for action by the special
session of Congress. They will offer reso-
lutious declaring the decentralization Of
silver in 1873 WAS crime against the pro-
ducng element OF the milton and its
product; that. while the Sherman law is
not satisfactory to a few silver men and
not supported by their representatives., it
was accepted as the best legislation attain
able at the time; that its unconditional
repeal would be a blow at the mining in
dustries in the West. which could DO ex-
cused on no other ground than desire to
of money-lenders generally. Letters are
received daily from prominent Western
men saying they are coming.
The vanguard of delegates to the silver
convention. actively at work assisting the
local committee to get things in share.
held second lengthy conference this
afternoon 1t was decided to hold mass
meeting on Tuesday night next, when ad-
dresses will be- made by leading silver
speakers. In the course of the discussion
motion was made to invite the officers of
labor organizations, and one delegate want
ed to include the officers Of the Board of
Trade. r. II. Ferguson opposed this, saying
that the Board Of Trade was in tho hands
o. the money power. However, the meet
Ing included among those invited to the
platform the officials Of all commercial,
financial and economic bodies. On
Wednesday night there will be q great
rally on the lake front, addressed by Cen
eral Warner, Senators Jones and Wolcott,