The silver state. [volume] (Unionville, Nev.) 1870-1903, 1893-08-04

CIVILIZATION. The avarice of man had /
declared an artificial and infamous
divorce between the metals. Silver
men were called lunatics and cranks
but they were proposing merely to
return to system hallowed by the
history four thousand years.
Recess until 2P. NJ.
The committee on resolutions this |
afternoon submitted long report.
The preamble recites that bimetal-
lism is a ancient as human history,
and for certain more than three thous-
and years. Gold and silver came
down through the ages hand in hand,
their relations having varied but
few points in all that time, and then
almost invariably through legislation
that both the metals named together
were indissolubly united in the con-
stitution Of the United States as the
money basis OF this country; that in
1878, without previous demand of
any political party or any part of the
people, and without public discussion
silver was stricken from the place it
occupied since the days of Abraham
and Pharao under circumstances Of
such secrecy, A. G. Thurman, w. M.
Stewart, ID. W. Voorhees,, j. G.
Blaine, then speaker of the house, J.
A. Garfield and other members OF
congress voting for the bill and sub
sequently publicly declared they did
not know until long afterwards that
so great a change had been made in
our financial system; that the de-
bates in congress showed that the
measure was partly ascribed to one
Ernest Seyd. Il London banker, who,
it is claimed, was sent to Washington
by the moneyed ses OF the old
world to secure its ; .asage by secret
and corrupt means: that President
Grant, who signed the bill, declared
long subsequently that he did not
know it demonetized silver; that the
object OF this attack on silver was to
double the purchasing power of gold,
thus reducing the price of all COM
modities, arresting enterprise, i'm
poverishing the toiler and degrading
mankind; that the awful conse-
quences of this act are now upon the
whole world and the West is iii the
midst OF unparalleled distress and in
the shadows of impending calamities
beyond estimate is ruling the industry
of the people who inhabit one third
OF the area of this republic has been
striker down, property values de-
stroyed, workmen compelled to fly as
from q pestilence, honest toilers num-
bering hundreds of thousands thrown
ont of employment to eat the bread
OF charity or starve. The products OF
industries from the workshop are de-
preciated until production ceases to
be profitable, the money of the
country is inadequate for the bust
ness land has gravitated to the banks,
while the people distrusting the banks
demand their deposits to hoard or
hide; mercantile houses are going to
the wall by the thousand every day
because the masses have not the
means to buy even the necessities of
life; the movement of great crops be-
ing gathered demand vast amount
OF currency. which the banks are un-
able to furnish.
In the midst Of these conditions
the daily press is clamoring for the
repeal of the Sherman act, although
its repeal means the stoppage of the
issue of more than three million dol
lars in money every north, ignoring
the fact that to hold the balance level |
between the debtor and creditor
factions the supply of currency must
increase with the increased popula- /
ton and business; the growth of
OF 80 per cent. every ten
years, and the increase of business is
far more greater.
The preamble then quotes at