Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-07-27
An APPEAL FOR SILVER.
Colorado Urges the East to Consider Wei
the Decisive Question,

" l.
the Decisive Question.
The following is the report of the
committee on resolutions adopted by
the sii7er convention in session at Den
Yer. July IL:
| ITO THE PEOPLE OF THE UNITED STATES:
| The people Of Colorado, standing in the gloon
| OF impending disaster and representing in con
| clifton and sentiment the people of Montana
| td9ho " yoming, Nevada, South Dakota, Utah
| Arizona and New Mexico, with reverence fol
the constitution and answering loyalty to the
| general government, ask for your calm and
| candid consideration of the following facts be
! fore you give your approval to the destruction
| of silver as money and to the final establish
ment in this country of the single gold standard
OF values and thus at one stroke change al
| debts to gold debts and inaugurate a never
ending rise of gold and continued CORE
| spending fall in the price of every commodity
| The Panic and Silver.
! Congress has been called to meet in extra
| session on August Preceding that call the
Glasses which have struggled for twenty years
| TO overcome the bimetallic money standard pro-
| vided by the constitution inaugurated panic
| which they untruthfully charged TO the existing
silver law, ignoring the facts that there were
| sSC0, COO of outstanding legal tender notes
commonly called greenbaCks, that were equally
! avaiabl with the treasury notes issued in pay
nlent for silver to draw gold from the treasury:
| that the balance of our foreign trade had turned
| against US, rendering settlement abroad with
! American gold a necessity, and that the great
| bankers of Europe were purchasing gold with
| which to change the money standard of Austria
and to fill the treasury vaults OF other mon
archical countries.
Il he evident purpose was to create prejudice
against what is known as the siver-purchaSing
act and under pressure secure its unconditional
repeal The success of this scheme was only
partial. Fenal presidential patronage, supple
menting false and incendiary utterances by the
gold press, aggravated by daily circular assaults
upon the law by eastern money brokers, sent to
every commercial body and banking corpora
ton in the four quarters Of the country had
possibly won over the house Of representatives
to it: but even the president admitted that in
the senate there was staunch majority against
1t. Suddenly, like fire bell in the night the
news was flashed beneath the oceans that free
coinage in India had been suspended and that
the market price of silver had fallen within
fOrty-eight hours fully 20 cents per ounce.
This startling action, forced upon the Indian
government without moments warning, the
step held in secret conten Plato by the British
government for months, to be taken at ! crit
tcal and opportune time when the coEsterna-
ton 1t must cause, 1t was hoped, would stamp
out the last phalanx OF bimetallism defenders
must have had as one OF its chief aims the in
timidation of the senate to bring it in line with
the subservient lower house
Trying to Force Repeal.
Immediately the wires were burdened with
nppesIiS 10 pTeSlueEI from DSnkS anu Cledr
ing houses and commercial bodies dominated by
them for an extra session and to senator's to re-
peal the Sherman law, which, it was claimed
was responsible for all the disaster
THE call was made The time for the session
to commence was early: so early, indeed, that
may it not have been the hope of the president
that the panic would not subside and the meas
ure OF repeal DE forced through before reason
resumed its sway and truth and logic could
dominate the congress. The enemies of bimer-
ltSrp fhn,yr fo,r ,H<~ th,-o
who oppose free coinage for silver alike with
gold as it was before the demonc tization of sill
Yer in 1878, openly declare that they will be con-
tent with nothing less than the unconditional
repeal of the silver purchasing clause of the
Sherman law. 1t is for that they struggle: it
was to secure that that the panic was created
and free coinage in India suspended.
Unconditional repeal-that means striking
from the laws the last remnant OF legislation
that secures coinage for silver. 1t fixes the
United States firmly in the ranks of the single
standard nations. 1t is the contamination OF
the conspiracy organized at he close of the
Franco-PruSSian war to destroy as money one
half OF the coined money in the world-leaving
the other half to bear alone the vast mountain
of credit upon which the worlds business is
CoIducted-inviting more frequent panics and
rendering them more destructive and enduring.
Great Britain Accused.
at is idle to hope that reducing the value Of
silver to the lowest stage will force Great Brit
ma. The home of the single standard is in her
islands It's members have fully anticipated
the low degree to which silver will descend
They have discounted it's disturbance of her In
dian trade and steeled their hearts against the
crime it will be against her Indian subjects.
The power that could plot for seventy-sev
years; that could force its yoke upon Germany
the Latin union. Austria and the United States:
that could gain to its aid the daily press of the
country; that could control for twenty years
he ma of he cyYssa
political particS-granting in their pla tfOrms
professions of bimetallism, but always secur-
ing presidential candidates unalterabl opposed
to it: that could change an overwhelming SEN
timent among the people for bimetallism to
a feeling of enmity or Indifference, can never be
induced to relent, for it has counted the cost
and has learned its power
The Sherman Law.
'fThe Sherman law is not the work of the sill
reproducing states. 1t was forced upon the
country against their will Their constant de-
mand has been that of the agricultural states OF
the west and south and OF the working masses
of the whole country. They have not sought to
impose upon the country some new financial
nostrum. but have asked simply for the resto-
ration of the coinage laws IS they were from
the first year of the federal constitution until
the furtive repeal Of 1873 The Sherman law
was the trick by which that restoration was de-
feated 1t accepted by bimetallists a
pledge that the old laws should at some future
time be restored, and they now demand, not
that the Sherman law shall be retained, but
that the hostage shall he redeemed by the re-
enactment in its stead of the coinage laws I'M
der which the country grew and prospered for
more than three-quarters of q century.
What Bimetailists Ask.
"The charge that the bimetallists demand
that sixty cents shall be made dollar is lie |
1t was the trick Of the single standard conspir-
ators that lessened the value of silver Had
gold been ACKNOWLEDGEMENTS CT sIver-retain-
ing for silver its greatest and chiefest func
ton and depriviug gold Of its greatest and
chiefeSt function-gold would not to-day be /
worth IS per ounce and silver value and pur- |
chasing power would be increased largely above |
its former highest figure
What bimetallists do ask and all they ask is !
that the law relating TO coinage as it for |
the seyenty-ive years of the country's greatest |
glory shall be restored without the addition or |
expucging of a syllable. II with that law re- !
enacted and a fair trial Of it had, silver shall /
not without the purchase Of an ounce of metal i
by the government resume its former relative |
value with gold bimetallists will cheerfully |
submit to any legislation that experience will |
suggest as necessary to make every dollar of |
the United States equal in intrinsic value to |
every other dollar bearing it's stamp. They
urge the old law with supreme confidence, born |
of the unassailable truths of history, that it will
Immediately place every coined American dol |
lar upon par OF value both as coin and bullion |
restore the bonds Of weakened love and conf |
dence ana set in happy motion the wheels OF |
all the country s magnificent industries
Effects of Unconditional Repeal.
"Will you listen to while speak in |
words OF sober earnestness OF the local objects |
the unconditional repeal of the silver law will |
haves
bracing 1.OOoOO square miles OF continent, with |
Americans inhahifiDQ