The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1893-07-21

per ounce. This startling action, forced upon
the Indian government without momenrs
warning, the step held In secret contempla-
tion by the British government for months,
TO be taken at critical and opportune time,
sfhcn the condemnation II must create IL was
hoped would staIiipede tbs last phaianx OF
himetnllism,s defenders, must have had, AS
one Of its chief aims, the intimidation Of the
senate TO bring II In line with the subservient
lower house. ,it =. e.e.,s.,. I'LL,
Immediately the. wires were burdened With
appeals, to tho president from banks and
clearing houses and commercial bodies domi-
mated by them, for IN extra session, and TO
senators, 10 repeal the Sherman law, which,
II was claimed, was responsible for all the
disaster.
The call was made The time for the ex.
ira session TO commence Is carly; SO early, In.
decd, that may II not have been.t hope OF
the president that the panic would not sub.
eide and plf measure Of repeal BE- forced ss
and truth and logic could domlndte thr cons
gress.
The enemies Of bmetalllsm they now
fairly outpumber all those who opposed free
coinage fSr silver alike with gold, as u was
before the dcmonctI2ation Il silver 10 1873
openly declare TINT they will be content ,sith
nothing less than the unconditional repeal OF
the silver-purchaslng clause Of tho Sherman
law. It Is for that they struggle; II was to
secure that the panic was created and free
coinage In india sus pended.
That means striking from the laws the last
remnant Of legislation that secures free coin
ago for silver II 1ses the United States
firmly IN the ranks OF the siiigls etnrdard ma
lions. 1t is the contamination OF the c6ti-
spiracy organized Mt the close Of the Franco
Prussian Ta. 20 destroy rs money Of ultimate
redemption one-half Of the ceined money OF
the world-leavlng,the other half 70 berr -lena
the vast mountain Of credit upon which the
| worlds business Is misunderstanding more
| frequent panlcs and rendering them more
destructive aud enduring.
II Is Idle to Hope that reducing the value Of
6iitct " the hrwest staSc viii fdrcs Great
dilemma. The home Of the single standard
| power Ia In her islands. Its members have
| fully anticipated the low degree to which Sill
yer will descend. They have discounted Its
disturbance Of their Indian trade. and steeled
their .hesrts against the crime It will be 70
their indian su6,ecls. The power that could
plot for n years, that could force lis yokc
upon Germany, the Latin Union, Austria and
tht uhittd Stntesi that could gain to Its aid
the daily press Ut tho country, that could
control for 20 years the NATIONAL CONVENTIONS
Of tie frest american political partesr-
granting In their plattotnls ito'cssitus % ~
metallism, but always securing the pres'deG.
tial candidates unaltcrably opposed TO II, that
| could change an everlasting sentiment among
the people for bimetallism TO n feeling OF en-
nifty or Indifference, can never be Induced to
| rclent, for IL has counted the cost, and has
| learned Us pcvcr
The Sheinian law IL NOT the work OF the sill
yer producing states. 1t was forced upon the
country against their will. Their constant
demand, has teen that Of the agricultural
states OF the IVES. and South; and OF the
working masses OF the whole rtnjntrr. They
have not sought to impose upon the cointty
some new financial nostrum, but have asked
for tho restoration OF the coinage laws as
| they .c.r f.c,,i III. tr.t rear Of the federal
consultation until the furtiee te'esl ~ 1873,
| The Sherman Law was the trick by when llnt
restoration was defeated. 1t was accepted by
| bi-mctallists as 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
BIO redeemed by the rc-euactrncnt In Its stead
OF the coinsrc laws under which the country
grew aud .prospercd for more than three
quartcse ii II century.
The charge That lie bi.nietalllsi. demand
that on cents shall be made 4 dollar !. n lie.
1t wss thk trick Of the siuglc-staitiafJ fon-
splraiors that lisscncS The value OF silver.
Had gold been demoneilzsd instead Of silver.
retaining for silver Its Creates use and
ch!cfest function, and depriving gold OF .ts
greatest AMI ehiefcst function, gold would
not to-day be worth s5 per oancc aud silver's
valUc ahd parchasDe power would he in-
crcasfd la'ssi. uiloyc is former highest fg-
ure. What bl-mtti'ii.i. do ask, and all they
ask, Is that the law relating - esinnge .. u
was for the sevcnty-nyc years OF the t,urtfs's
greatest glory shall be restored without the
addition or cxpunging Of syllable. II. with
| that law re.enacicd and n fair trial OF II had,
silver shall not. without the purchase Of an
ounce OF metal by the gUycrririent, resume
Its former relative tsluc With gold, biuietni'
lists viii clecrfuliy submit 10 any legislation
that experience Will suggest as reccsary 70
In intrinsic value to esc'y other dollaf bear.
ing its stamp. They urge the G.c law with
supreme confidence, born Of the unassaiiabe
| tr,itss NJ history. that It will Immediately
place cvcIy ecf-e" Aperican dollar upon a
| par OF value both as coda ara bullion, restore
the bonds Of weakened love and .oai''sepce
and set in happy motion the wheels Of all the
country's magnificent Industries.
VIII you listen To us while we speak In
words OF sober cArncstncss Of the local effects
Of the Unconditional repeal OF the silver Law
will havei
The silver mining states Ind territories,
embracing 1000 600 square miles Of VI. con
tincnt, with a,0O0,0o0 Americans inhabtinr
them, depend peculiarly upon silver mining
for their prosperity. That industry Is the
very heart from which nearly every other In
dustry receive. support. Agriculture MI
not thtlye without artificial irrigation. its
mines OF coal, iron, store and clay, while
magnificent, are worked with such dear labor
aud are 20 remote from other than local mar
ket- that their movement would be feeble and
their operation disastrous without the stimu-
lous the mining industry ano.d-. II supports
Our foundrles, operates or machinr sbops,
supplies our railroads with frelghts, silnu'
laies travel, keeps bright tho fircs Of The
smcltcr-, and sends customers TO the shops oil
our merchants. II has Invoked In the valleys
and upon the mountain sides magnificent
cities and thrifty towns and Villages. Great
sf.ss s.xl.. nj. latf
steel and clays distribute their finished pro-
duets and support thousands Of prosperous
aud happy families. Hut because agriculture
Il 80 limited In nrca-couhncd To narrow
stripe along our few and seanty sfrsams-our
labor 81 high, AMI iis hnndiaork 80 remote
from other than the local markets, the coal Is
mined. the coke Ia burned, the rail- Il rolled,
the grain Is grown, the fruit Il gathered In
the main for the osncrs and workers In silver
mines and smeliera, aud tho proprirtors and
workmen OF the industries and ealliugs dc
pendent upon them.
The reduction Of the price Of silver 10 about
20 cents has shut down 70 per cent. of the sli-
yer mines Of the country and the sHncitrr'
must soon follow their example. There nrsi
In Colorado to-day l5,oC0 Idle miners who
know not where Ia turn II work u mol ir'
sumrd. There viii soon be added Ia TIL. Idle
army Of labor 1000 men from the hncltrfr.
The stone gunrrica nrc nrari, all shut down.
the railroad companies are laying OF train
cr-~s by the score. the fuundres are nearly
all out 81 orders, the farmer, md fruit grow
rrs will be- barely paid for tho cost 81 sa,ini.
their crops, the merchants arc coaniernand'
Ing their eastern orirrs, ihr travelling mer
for eastern houses seek almost In vain for
customers. This Il no exnggerailon. The
destruction Of the silver Industry will dcyas'
tate the country rs II swept by ryeions
reaching from the British possessions TO the
Mexican border line. TIL. ,orrowfnl picturs
Of Colorado with ts mining industry de
-troyrd but represents the condition OF The
other mining state. aud territories with ihi
same calamity upon them.
: n the silver mines shall remain closed. one
half II the American output 81 lead must h
, lost The greatest bulk OF the lead proinc
4. taken from the allyrrbcnrng orrs, II t.
qurc. tho one metal supplemented by ~