Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-02

tNt tuIutF OF tue fnNUItgt AUA4itl iAIN
Tor tliu business Of the land, has lr ".
lated 10 the haukr, vhllo the people,
distlubtiug the bhnha, dvmInd .hcit
DE pusit8 10 hoard or hide. Msrcautla
h uses arc going q the wall ~ thou.
sands because tue masses have not the
munhs 10 buy even the ntcttsnriCn %
lie. The movement Of the great CROPS
being gathered dcmauuH vtst amount
OF curfenc,, which the hnrli1 TIRE
unable 90 furnish. Ia the midst Of
these cOutit oIs the daily rsas l.
clnmufiug Tor the reucal Oi the ShCr.
man act, although such rrurhi means
the stoppugu 81 Issue No more ih1n
three million dollars every month,
Ignoring thn fact that TO hp.d the
balance Level, between debtor AMI
creditor, the supply ~ currency must
increase with the iuotya ed population
aud business power. r4r growth OF
population l. lhiuy.thfe1 per cent
every tc yenis; ihc iucfclss If tusi.
ress Is muci greater"
Tho repeal ~ the iluruau act wiiH-
out restoration OF lfce col age, would
stop the Cxunutipn q our cur.
rrucy required by Qua growth
| In population ami business uud
| widen siii farther the distance
between the Two precious metals, thus
matitg a return O. bi-mr'al,iim more
/ # ili-gl greatly lacrosse the pIfehat.
lug power VI gold, blll further bfuaR
down lnr price OF the rI1iuc.s % tho
farmer, the ltulsCr The mechanics aud
trai,sucu, auj plunge stiil further oil
c0muHfc., hlaiutss ami Industry iul0
tuch depths of wfrtcholuris us 10 On
danger thr Ioaoo, tue preservation Of
fee institutions aud this very main
ionanCU Of civilization.
1--WE, therefore, IN the uOmO OF the
Republic and humanity, protest
against the repeal 81 said net Of July
-, 1890, except BY an act restoring
ifey blmttlliic coinage ~ II txietoI
prior To 1873. We tuggtst that the
maintenance Of bimt,nlil'm by the
UuiiUi states az n ratio OF 10 10 Will
| Increase our commerce vita all silver
usiug countries Of the world, contain.
| ing twn.thifds " tho world, without De.
cfenalnK cur commerce w!th thu nations
| which tuy cur raw material, ami VIII
| sooner compel the adoption OF bimetall'
! ism by tho nations OF Europe, than
any other means. We assert that the
! UNPARALLELED cnlamltios which now
o NJ let the American people are not Que
20 tho tO.Chllud Sherman act OF lsyO;
anu IN proof thereof call attention ~
the fact that the same evil conditions
now prevail over all the gold standard
world. We are convinced that, bad m
IL the state OF affairs In thie country, II
would have been atiil worse bu, for tue
sherman act, by which the nation has
| obtained 10 some extent an expanding
circulation, to meet the demands
Of the continent Ia the process Of
colonization, aud the business oXi.
gencies OF the most energetic and In.
dustrious race thal ever dwell on earth,
aud we Insist upon the execution OF
tho law without evasion so long ns IL IL
upon the statute books, and upon the
purchase OF the full amount OF silver
each month that 10 provided for, TO the
eud that the monthly addition TO the
circulating medium the law secures
shall bo maintained; that We would
call thenttention OF the people 10 the fact
that In the midst OF all the troubles Of
the tune, the value Of the national
bond and national legal tender money,
whether made OF gold, silver or paper,
has not fallen a particle.
The distfust IL not Of the government
or it, money, but OF the banks which
have, as We believe, precipilaied the
resent panic ON the country In an III.
| Advised effort 10 control the action OF
Congress ON the silver question aud
issue bonds. We invite the bankers
10 attoni 10 their legitimate busineg,
anu permit this rest OF the people to
have their full share la the control of
the government. In this way they
will much soOior restore that can't.
Deuce which IL ~ NECESSARY to the
prosperity o! the people. 10
must not be forgotten that boards
OF trade, chambers Of commerce
aud money dealers are worthy and
valuable men In their place, but the
| Republic can more safely repose upon
the great mass Of iis peaceful tOlleFs
anu producers and lot this business
'manRge" Itself. The time has como
when the politics OF the nation
should revert rs far 90 possible
10 the simple, pure condition out Of
which the Republic arose. We aug-
gest for the consideration OF our fel.
low citizens that tue refusal Of the OPP
pOnents Of blmetslIism TO propose Ruy
substitute for the present law or
submit any plan for the future indicates
either ignorance ofour financial needs
or unwillingnrss 10 take the public into
their confidence; aud We denOunce the
attempt Internationally to repeal the
Sherman law as an attempt 10 secure
gold monometalllsm In lagrant VIC.
lation OF the last national platform ot
all the 20 ltical parliee."