Mohave County miner., 1893-08-05

was TO double the purchasing power o'
gold, Thus reducing the price OF all
commodities, arresting enterprise, i'm
poyerishing the toiler aud dagradiog
mankind that the awful consequences
Of this act are now upon the whole
world.
Continuing, the report says: We
stand in the midst OF unparalleled dis
tress--in the shadow of Impending cal
amlties beyond estimate. The ruling
industry Of the people who inbabit one
third Of the area oi this republic has
been stricken down; property values
have been destroyed; workmen COM
PEELED TO fly from pes,ilence. Honest
toilers, numbering hundreds Of thousands
have been thrown cut Of employment
to eat the bread Of charity or starye.
The products OF the farm and workshops
are deprecated in price until production
ceases to be profitable. The money oi
the country, inadequate for the business
OF the land, has gravitatcd 10 the banks
while the people, dlstrusting the banks
dem banded their deposits to,hoard or TO
hide. Mercantile houses are going to
tie wall by the Thousand, because the
masses have not the means 10 buy even
the necessaries Of lie. The movement
OF the great crops being gathered de.
mands a vast amount VI currency which
the banks are unable TO furnish. Ia the
midst OF these conditions the daily press
is clamoring Tor the repeal Of the Sher
man act, although It's repeal means the
stoppage oi the issue ot more than
s3,0OO,00O every month; ignoring the
fact tnat TO mold the balance level be-
tween The debtor aud the creditor the
Tact that the supply of currency must
Increase with increased population aud
business power. Tie grown OF the
population as SO per, cent every 10 years;
the Increase Of business is much
lreater." -:
The preamble then quotes at length
from the utierances Of James e. Blaine,
Daniel Webster and Secretary Carlisle in
favor OF bimetallc currency and John J
Sherman on the dangers OF monetary
contraction.
The resolutions then say:
There must be no compromise Of this /
question. All Legislation demonstrating
silver or restricting the coming thereof
must be Immediately com npletely repealed
by an act restoring the coinage OF the
country 10 the cpnditions established by
the foundets ol The nation, which con-
tinueh over eighty years without com.
plant OF any part Of our people. Every
hours delay. nndoing the corrupt work
of Ernest Seyd and our foreign enemies
rs All Insult TO the dignity OF the Amsri:
can people,: crushing burden on their
prosp ri'y; an attempt 70 place us again
under the yoke from which George
Washington and his comparriols rescued
US. " ~.
We assert that the only remedy for
the purely metallic financial troubles is
to open the mints OF the nation to gold
and silver on equal terms at the old ratio
OF 10 Of silver ~ one OF gold. Whenever
silver buliion can be exchanged a, the
min's for legal tender silver dollars
worth 100 cents, that moment 4I2b
grams Of standard silver will be worth
100 cents; and as commerce equalizes
tue prices OF all commodities throughout
the. world, whenever 4121a srsins of
standard silver are worth 100 cents in
the United States, it will be worth that
every where else and cannot be bought
for less. While il will he urged that
such results would enhance the price of
silver bullio f, it is sufficient for us to
know that similar case will be made
in the price Of every kind Of property,
except gold.
Legislation to demonetize silver has
given an unjust increase TO the value of
gold at the cost OF the prosperity OF man.
kind. Wheat and all other agricultural
products have ridden side by side with
silver.
While the Sherman act Of July l4tb
was device Of the enemy to prevent
the restoration Of free coinage. and is
greatly objectionable because il con-
times the practical exclusion OF silver