The morning call., 1893-07-13
PLEA FOR SILVER.
Platform of the Denver
Convention.
DISASTER IS IMPENDING.
Dire Results of the Repeal of
Sherman'S Law.
REPUTATION HINTED AT.
Colorado Says She Will Be Ruined
if the White Metal Is Not
RetabiIitated.
REPUTATION HINTED AT.
Special to THE MORNING CALL.

abatpd from yesterday, and when called
10 order this morning standing room was
not TO be had in the meeting hall. After
the appointment of delegates to the st.
Louis and Chicago silver conventions and
10 the ''gold-tug" gathering at st. Paul.
the committee on resolutions presented
the following report. which was unani-
mousIy adopted:
TO the People of the United States:
The people of Colorado, standing in the
gloom of impending disaster and rep re-
senting in their condition and sentiment
the people of Montana, Idaho, Wyoming.
Nevada, South Dakota, Utah. Arizona and
New Mexico, with reverence for the con-
stituton and answering loyalty to the
General Government, ask for your cal m
and candid considerat tiOn OF the following
facts before you give approval to the
destruction Gf silver as money and TO the
final establishment in this country OF
single gold-standard values, ard thus at
one stroke change ali debts to gold and in
augurate neveT-ending rise in gold and a
continued corresponding fall in the price
: Of every commodity.
Congress has been called to meet in
extra session on August Z. Preceding the
call, the classes which have struggled for
twenty years to overthrow the oimetallic
money standard provided by the constitu-
ti0n, inaugurated panic which they un-
truthfully charged to the existing silver
law ignoring the fact that there is $780,
600, OO0 outstanding in legal-tender notes,
commonly called green backs. that are
equally available, with the treasury notes
issued in payment for silver, 20 draw gold
from the treasury; that the balance OF our
foreign trade has been turned against US.
rendering settlements abroad with Ameri-
can gold a necessity, and that the great
bankers of Europe have been purchas n g
gold with which TO change the money
standard of Austria and to ill the treas
ury vaults of other monarchial countries.
Fl'he evident pue-eGse was TO create preJu-
f1ice against what is knoWn as the silver
purchasing act and under pressure 10 Sc
cure its unconditional repeal.
"The success of this scheme was only
partiei. Venal Presidential patronage,
supplement ting the false and incendiary
utterances by the gold press and aggra-
waited by the daily circular assaults upon
the law by Eastern money brokers sent to
every commercial body and banking cor
poration in the country, have possibly won
over the House Of Representatives to it.
But even the President has admitted that
in the Senate there is a stanch majority
against 1t.
suddenly, like firebell in the night.
the news flashed beneath the oceans that
free coinage in India had been suspended,
and the market price of silver fell within
forty-eght hours fully 20 cents an ounce.
This startling action was forced upon the
Indian Government without a moments
warning. This step, held in secret con-
temptation by the British Government for
months, to be taken at critical and op-
pOrtgne time when the CONSERVATION it
must create. it was held, would stamp out
tie last lhalanX OF the defenders of BIZ
metalism, must have had as one of its chief
aims the intimidation of the Senate to
bring it in line with the subseryient lower
house.
Immediately the wires were burdened
with appeals to the President from banks
and clearing houses and the commercial
bodies dominated by them, for an extra
session, and to the Senators to repeal the
Sherman law, which, it was claimed, was
responsible for the impending disaster.
The call was made. The time for the ses-
slon to commence was early; SO early, in
deed, that may it not have been the hope
of the President that the panic would not
subside, and that the repeal measure would
be forced through before reason resumed
its sway and truth and logic could domin-
ate Congress?
THE enemies of bmetallism. and they
now fairly number all those who oppose
free coinage for silver alike with gold. as
before the demon etiZatIon of silver in 1873,
openly declare that they will be con-
tent with nothing less than the un-
conditional repeal OF the silver purchas-
Ing clause of the Sherman law. 1t is
for that they struggle. 1t was to secure
that tnat q panic was created and free
coinage in India suspended Uncon-
dltlonal repeal means the striking from
our laws OF the last remnant of legisla ton
that secures coinage for silver. 1t fixes The
United States firmly in the ranks of the
single-standard nations. 1t is the con
summation of the conspiracy organized
at the close of the Franco Prussian war
TO destroy, as money Of ultimate redemp-
tion, half the coin money Of the world.
vast mountain of credit upon which the
worlds business is conducted, inviting
more frequent panics and rendering them
more destructive and enduring.
1T is to be hoped that the reduction of
the value of silver to the lowest Stage will
force Great Britain to seek an in lerna-
tlOnal solution of the dilemma. A home
the singe-slandard men in her islands
fully anticipated the low degree to which
silver Will descend. They discounted its
disturbance of her Indian trade and steeled
their hearts against the crime it will be
against her Indian subjects. The power
that could plot for seventy-seven
years; that cond force its yoke
upon Germany, the Latin Union.
Austria and the United States; that could
gain to its aid the daily press OF this coun-
try; that could control for twenty years
the national conventions of the great
American politi al parties, granting in
their platforms professions of bimeta llism.