Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1893-07-22
AN APPEAL FOR SILVER.
Colorado Urges the East to Consider Well
the Decisive Question.

the Decisive Question.
The following is the report of the
committee on resolutions adopted by
the silver convention in session at Den
yer, July ~:
40 THE PEOPLE OF THE UNITED STATES:
The people OF Colorado, standing In the gloom
| OF impending disaster and representing In con
dition and sentiment tho people OF Montana,
Idaho. Wyoming. Nevada, South Dakota. Utah,
Arizona md New Mexico with reverence for
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 70 the destruction
Of silver MS money and to the final establish
ment in this country OF the single gold standard
OF values and thus at one stre.; change all
debts to gold debts and inaugurate . never
ending rise OF gold and o continued corre-
| spending fall In the price OF every commodity.
The Panic and Silver.
Congress has been called to meet In extra
session on Augusta Preceding that call the
classes which have struggled for twenty years
TO overcome the bimetallic money standard pro.
vidcd by the constitution inaugurated q panic
which they untruthfully charged TO the existing
silver law, ignoring the facts that there were
1900 0O0, 900 Of outstanding legal tender notes,
commonly called greenbacks, that were equally
available with the treasury notes issued in pay.
ment 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 q necessity. and that the great
bankers OF Europe were purchasing gold with
which to change the money standard OF Austria
and to Ill the treasury vaults Of other mon
archical countries
1.-THE evident purpose was TO create prejudice
against what is known as the silver-purchasing
act and under pressure secure its unconditional
repeal The success Of this scheme was only
partial. Venal presidential patronage, supple
menting false and incendary 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 II; but even the president admitted that in
the senate there was staunch majority against
II. Suddenly, like q 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 " cents per ounce.
This startling action, forced upon the Indian
government without moments warning, the
step held In secret contempla ton by the British
government for months, to be taken at o crit
lcal and opportune time when the consterna-
ton II must cause, 1t was hoped, would stamp
out the last phalanx OF bimetallism defenders,
must have had Us one OF its chief aims the in
timidation OF the senate TO bring IL In line with
the subservient lower house
Trying to Force Repeal.
Immediately the wires were burdened with
appeals to the president from banks and clear
Ing houses and commercial bodies dominated by
them for an extra session and TO senators TO re-
peal the Sherman law, which, II was claimed,
was responsible for all the disaster.
1.-THE call was made. The time for the session
TO commence was early; so early, indeed, that
may II not have been the hope OF the president
that the panic would not subside and the meas
ure OF repeal be forced through before reason
resumed It's sway and truth and logic could
dominate the congress. The enemies OF bimet-
who oppose free coinage for silver alike with
gold as IL was before the demone tization OF sill.
ser In 1873 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 struggles II
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. II fixes the
United States firmly in the ranks OF the single
the conspiracy organized ut he close Of the
Franco Prussian war 10 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
Notwithstanding more frequent panics and
rendering them more destructive and enduring.
Great Britain Accused.
at Is idle to hope that reducing the value OF
silver 10 the lowest stage will force Great Brit
ain to seek Internal ional solution OF the dilem.
ma The home OF the single standard is In her
Islands. Its members have fully anticipated
the low degree to which silver will descend.
They have discounted its disturbance OF her In
dian trade and steeled their hearts against the
crime II will be against her Indian subjects
The power that could plot for seventy-seven
years; that could force It's yoke upon Germany.
the Latin union, Austria and the United States:
that could gain 10 its aid the daily press Of the
country; that could control for twenty years
the national conventions Of the great American
political parties-granting in their platforms
professions OF bimetallism, but always secur-
Ing presidential candidates unalterably opposed
to It; that could change an overwhelming SEN
timent among the people for bimetallism TO
feeling OF enmity or Indifference, can never be
Induced TO relent, for II has counted the cost
and has learned its power.
The sherman Law.
"The Sherman law Is not the work OF the sill.
reproducing states. II 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 10
impose upon the country some new financial
nostrum. but have asked simply for the resto-
ration OF the coinage laws NJ they were from
the first year OF the federal constitution until
the f,rtiye repeal OF 1874 The Sherman law
was the trick by which that restoration was de-
ieated. 1t was accepted by bimetallists rs .
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 be redeemed by the re-
enactment in It's stead OF the coinage laws un-
Ger which the country grew and prospered for
more than three-quarters OF o century.
What Bimetafilsts Ask.
'The charge that the bimetallists demand
that sixty cents shall be made dollar Is u lie.
It was the trick OF the single standard conspir.
stors that lessened the value OF silver Had
gold been demonetizedinstead Of silver-retain-