New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-13
AN APPEAL FROM COLORADO.
BIMETALLISM HER ONLY HOPE
THE CHEF SILVER STATE PLEADS TIE
CAUSE OF THE WHITE METAL.
H1RSH UORDS ABOUT GOLD 4DVOCATES.

H1RSH WORDS ABOUT GOLD ADVOCATES.
RETURN TO THE OLD SYSTEM is AsKED-DE.
srRUCrIoX OF SILVER MEANS THE INDUS.
TRIAL AND COMMERCIAL RUIN OF THE
sTATE-CALLING on THE SOUTH
| FOR HELP-wILL NOT SUBMIT
TO IMPovERIsHMENT WITH
| orT STRUGGLE.
Denver, Col. July I2-rhe interest in the Silver
Convention has not in the least aba,ed from yestcr-
dav and when it called to order this morning
standing room was not to be had After the
appointment of delegates to the ST. Louis and
! Chicago Silver Conventions and to the g0dbug'
gathering at st. Paul, the Commit Oh Resolutions
presented report which was unanimously
adopted II was addressed To the people Of
the United States and WAS in part as follows:
The people OF Colorado standing in the gloom OF i'm
pending dsstcr ard representing in condition oad senti
mcnt the people of Montana Idaho. Wyoming. Nevada
south Dakota Utah Arlola and NowMcxico with rcyer
ence for the Constitution and un.weying loyalty to the
general Government for your cain and candid
sidrraon the following facts before you lye your
approval destruction Of silver money and TO The
nnal establishment in this country the single gold
standard values. and thus stroke change all
debts TO gold debts naugurate never-endng ri'e OF
gold and continued corresponding fall in the price Of
every commodity
CAUSES OF THE PANIC.
Congress has been calld meet in extra session on
August :. Preceding tat call the cla-s which struggled
for twenty years TO overthrow the bimetailc mon"y
standard divided by thr inaugnratcd panic
which they untiuthfuly ohaecd 10 the existing silver
law, ignoring facts that there were three hundr d
ml.n dollars Of outsa dng legot'nder notes commonly
9 lie aNufiuh No
ury issued in paymcrr for silver to draw gid
rom The Tca.uy that the balance OF our foreign trade
has tuned against us rndeIing settlement abroad win
American COLA necessity. and that tho great bankers o
Europe purchasing gold with which to change tn'
money sta dad Of Austria and u Ill the Treasury vaults
Of other nonarrhica counties. The evident purpose was
to create prejudice against what IS known a. thc
Silver purchasing Act and ugder pressure scene
H.. unco -ditional repeal. The. Of this
scheme wa, only partial Venal pres.i0pta patronage,
suppcmrntng false and inc sndary by tn gold
press aggravated by daily circular assaults upon the law
nv Eastern money commercial body
and banking corporation the four quarters NJ the c0u
rv possibly won over House OF Representatives 20
IL but even the President admitted that I'm the senate
there was stanch majority acain,t 1t. suddenly. like
bell the night, tAr ncws was flashed beneath h'
oceans coinage in India had bcca susrcnd'd apd
that tho market piirc Of silver had fallen within forty
echt hour, fully 20 cent, per ounce ms -trtnR a'oh
forced upon indian Government without moments
warning step held IN secret conicmI Iticn By the
British Goycramcnt for months 10 BE- taken at critical
and oplorunc time when the con rn1ton it must create
It hc would stamp out the last phalanN OF bi-
decndes it mus, have had a. on Of IT. chi'f
aims elimination OF the senate to bring II IN line
with sub.crvcnt lower house
Immediately the wire, we're burdcnet with appeals
70 the President from banH, and clearing houses aad
commercial bodies for extra session. aud 10 Senator
g. repeal Tho SHERMAN law, which, II claimed. was
re- pon..t for all tie disaster. TT g call was pnfc /
The tine Tor commence Is carly 1riy,
,I t.,fN. =
President that the panc would not rubside and tho
me-, urc o repeal tc rreI through before rca'oA re-
.umcd ts sway Truth sud logic could domnac the !
Congress, The cnenlc, of binct,n,m. and they now
faiflv number thosr who opp1-c ffcc coinag' IT
silver. alike with z 3D. tc.oio the Gcmoicu1l
ton Of silver In 1873. openly d'caic tat tN VIII o
content with nothing less thaa the unconditional /
repeal Of The silver purchasing caue Of the sherman
law IL l. for tha; they ,trugee Z ,'rurr t1t
that panic created and free coinage in Irda
su-lcll'd.
FFfECrS OF UNCONDITIONAL REPEAL.
Uncoudi,ionsI rpeal, That man. striking from /
the law, Ia, rnnant cf legislation that secures
coinage for silver. II hAcs the United star hFnJ /
In the rank, Of single STANDARD Nation Il 10 the
consumlnston Of IN" con-pa'y ani1cd a. th' clos
OF th, Franco lrr.-!an to dcso, a. money beyond
ultimate redemption oneblf ot III, coined money "i Tho
world-lea,ins the O'hei hdt TO bear done the vast
mountain Of cr,dt upon which the worlds bnslnc
Is conducted inviting more frequent IAnc'
rendering them moro destructive and
rndunr II d, ~. ., hon" that redu ,aluc Of
silver To- the lowest stage viii force Great Britain to
seek international solution o the dilemma. The h"m"
Of the snec -tand,ri /, In her island. It. members
have fully anticipated the low dccrc' 70 which silver
descend They have discounted it. disturbance of
her Indian trade stcecI their heart against her
Indian subjects. The power that could plot for seventy
,cycn years. could it, yoke Germany tie
Latin Union Austria and the United State that could
TO thr daily OF Ac country a' could
control for twenty the National conventions oi he
grst American political partio'-gantine In their plat
farm. profession. of blmctisn. but always securing
s.dontia caalldatcs una,cribIy opposed that
could change an overwhelming sentiment among the
people for bimctalsm - frrng Of cnmty or In.
difference can be- induced To rccnt for It Ia,
counted the and has learned IT. power.
The sherman law Is not the work 4 the silver p'o-
ducnc States. J. forced upon the country against
their will. Their constant demand has been that u
agricultural States Of the West and South. Of the
working masses u the whole country. Tioy have not
sought I, imposo upon tn" country some new financial
nostrum have asked simply for The rc-tora'i'n r
laws they wer" from, th" mt ycai ~
the Federal untl furyc repeal y 1873
The sherman law the trick by which that ro-toron
was defeated 1t accepted Nv bnctalists
pledge that the I'D laws should at some future time bo
restored and they demand. not that the sherman
law shall retained. but that the hostage shall b.
redeemed by tie rc-cnectmcr in IT, stead Of the coinage
lsv, under which hc country grew dul pro'Icicd for
more than thrrc.quartefs Of a century.
DEMANDS OF THE RINETALLISTs
Tho charge the birncalsts demand that go cents
-lal BE- NAL, dollar j. M IL wa tho trick Of tn
-ng star card colsIator, that less u,d the value oi
silver gold Lecn dcmOne.lzcd ID Of silNr-r'-
aiming for silver and cicfsf Junction
copriying gold oi ts greatest am chirir't functions
geld would o.da, be- worth ~ pcr ounce AM sVrs
and ,:chasln- rover be increased largely
former lighe>t ngur,. What b.m'at> 90 ask
ind ali tl.,y ,sk : that TIE Law relating Z"
'olnaac as It lct the ~cvcnty-h'' vars a'
hc counry's greatest glory 'ha. BE- restored ",rn'
,ut the addition cXpm2ing OF SyH"pl,'