New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-31
AN APPEAL FROM COLORADO.
CONGRESS PETITIONED TO ESTABLISH FREE
SILVER COINAGE.
THAT, THE DENVER CHAMBER OF COMMERCE
SAYS, WOULD RESTORE PROSPERITY AND
START TIE WHEELS OF MAXrFAcTURE.

THAT, THE DENVER CHAMBER OF CONNr"|C
SAYS, WOULD RESTORE PROSPERITY AND
START THE WHEELS OF MANUFACTURE.
Denver, July 30.-At meeting OF the Board OF
Directors OF the Chamber OF Commerce last even
ing. the committee appointed 10 draft memorial TO
Congress in relation the silver question reported the
following through their Chairman, Ex-Governor EVANS
and THO report unanimously adopted
10 the Senate and Representatives Of
the United States OF America ~ Congress a>-enoi'i
Your menorallst tac Chamber OF Commerce and Boari
OF Trade the Cy Of Denver H. the State oi Oooi'ao'
an association organized promote the de eopnert AMI
ne general interests OF the country, respectfully ca'
your attention " the following fIct':
/. That the OF the egalender currency in the
county altogether Inadequate TO the Transaction OF IT'S
business.
O. Tina, its relation to the increased business
OF country j. much less than 1t was in 1873, when
the free coinage silver suspended
3. That owing this change in relation. great In
jury wrought by increasing the value OF money
and relatively diminishing the value OF property.
That this injustice pcrpetraed upon the debtor
class which has Injured the cnent OF the creditor class.
IL has made the money loaned by THE creditors years
In addition annual interest paid for its worth
largely than then In the labor property
other from which the debtor has back
that property values have declined par with silver
since Its demo1ctIa;ion IS shown by statistics The
decline prices annually with ite iirrGularity shows
silver have fallen in twenty from II 30 an ounce
in 1873 when dcmonctlzcd. 10 SO cents ounce
in 1898. TO verify the statement give the decline in
the prices oil OF the principal agricultural products OF
this country for the period namely, cotton ana
wheat Cotton has fallen from 1873 cents per pound in
1873 10 rs cents 1893. Wheat declined from 81 81
bushe, in 1873 TO 10 cents bushe in 1898. These
figures made the time before the present panic
occurred.
That this contraction OF the currency in relation
to the business requirements OF the country it, COM
and manufactures its productions and all us H.
dus,res. having been continued for twenty years h's
rciatcd values and finally DESTROYED confidence anu
has brought ruin the length and breadth oil our
great and rich and. would otherwise be- prosperous
country closing generally. commercial houses
mines. banks and manufactures from the Atlantic 10
the Pacific and from the lakes 10 the Gulf
g. That repeal OF the socallcd Sherman silver ia"
would further contract the currency ana should 'here
fore done without providing an adequate substitute
7. That q condition Of thine~ can only De fche-
dcd and required justice done between the creditor
cla,s that ha, to and the debtor class
thai has iquidate obligations e3d the only possible
way to restore confidence and bring back prosperity
which has been destroyed and which the great natural
resources which lie feet throughout the length
and brcadth the land oa.iile- To epov. for the
Government TO restore the amount OF tho legaiender
circulating medium 70 the amount required making IL
honest mCney in fact.
S. And your mcmorialist in order TO accomplish this
,p?estiyey necessary result your honorable body
10 require by the Secretary Of the Treasury to do
be ha- only had the discretion anu ncScetcu "
do, /. E..
l. In order briag the most immediate relief which
the afford II should pay out on inc
debts Of Including pensions contracts ana
appropriations and distribute 10 the National BANK oe'
positoes for the purpose Of al the legateoder silver
coin in the Treasury and now profescG hed thee
an encumbrance and in dlenes amount OF reserve not
required any bank to redeem certificates issued for H.
there held though the Government was hoI W u
trusted.
2. To require the Secretary Of Treasury TO do what
he has discretion but has persiseatly declined 10
DO 10 great injury of the people l. e. TO coin INTO
legaltender money and roy out in Ike manner on the
debts the Government all silver BULLION now or "hich
hereafter be in the Treasury -.
This would at once add between $500 900 and 5000
coo 600 to the circulating currency ana being distributed
Generally among the people, would relieve vast amount
Of distress And your mcmoalst further piays tat 20
OF the present calamity you restore TO ITS
rmer and unlirted coinage the ratio VITA eod
Of present outstanding silver coin OF the United states
IN change would involve and delay for re-
coiYng oil OF the products Of the silver mines OF our
own country and for proper mintage to be hNed oy
Congress all bullion presented from other countries
Of the United states are not fully occupied
I'm coming the gold and produced from the mines Of
own country.
And your memoraist further prays that the reserve
slO eco 600 OF gold Treasury placed there at the
time resumption Of specie payment In 1879 70 pro
tect the credit the Government against the possibility
Of default in meeting its gold liabilities by want OF
receipts OF customs which were set alnrt io ue
,urpose be put circulation since the credit OF the
country obuniantly established all over the world
tina. such reservation is no longer required.
Aud vour memorslist support this petition. would
respectfully call your attention TO the fact that every
people through dill political parties has
been favor OF and giyea Wecuivoca Endorsement TO
bmetalism.
And your memorslst earnestly protests against any
increase in tie National debt TO raise money in
gold debts payable in coin OILY. And your memoria'ist
respectfully earnestly protests against the continuance
the administration Of the finances OF the Government
on strictly gold basis and also against pretending TO
naiatain parity between gold and silver by sup
pressing and dcpreciatng the value OF silver
And your memoriast would call attention t. the
facts that monometalc England has per capita only
ala ~ in crcu alton AID monometalc Germany has only
SIS "a the United States s2j l5 while bnctaliic
Franco $40 SO in circulation per capita consisting
CT $500 100000 in gold and s7OoOoo00o III silver. with
their ratio at l52 l. and that IL maintains the parity
between god and silver coin.
And your memoralist respectfully protests against
continuance of the authorities OF bInealc America in
copyne and following nononetalc England In matters
OF finance Great Britain is the largest afgrega
tlon Of money lenders In the world and your cOn-tt-
uents In developing their resources have become the
largest borrowers the world and because hers an
aristocrauc government administered by mobiles, land
lords banker. and capitalists In the interest Of their
own class whose and object is t. make money
more valuable by the contraction o. the currency 70
goc basis who have little res1ri for the wishes OF the
common pcople: who are blnetasts. while ours Is a
government the people, by the people and Tor the
people" -,
And as in duty bound your petitioner viii ever pray
An of which is respectfully submitted
JOHN EVANS, Chairman.
A POPILIsT'S VIEW OF TIE SITUATION.
Boston, July 3O-George F. washburne of this