The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1893-07-13
THE MONETARY PROBLEM.
CONTINUED FROM FIRST PAGE.


and mortgages at payment, the greatest
body Of which depends upon the pros
perity of the silver mining country. We
of Colorado pride ourselves upon our
commercial and financial integrity. No
calamity can induce us to repudiate
dollar of honest debt. All our assets are
at the will OF our creditors for reimburse
ment. But if by bad Congressional legis-
lation, if through Congress you shall
wipe out the great industry of a section
around which all others cluster for vigor
and profit, the value of our properties
will shrink, our business will be de-
stroyed, our towns and cities will be
largely depopulated, and the railroads
trayersing the western half of the CONT
nent will be sent into bankruptcy.
Certainly in the face of such unmerited
infliction you cannot blame US if we are
thus deprived of all ability to meet our
obligations. You may, it is true, take
the country in payment, but after you
get it what will you do with it? But
though you may do all in your power,
whether in ignorance or through selfish
greed to destroy us, we will not submit to
the destiny of poverty without struggle.
We shall seek to open up new markets
and build up our silver industry along
new lines and with new and more sym
pathetic neighbors.
Colorado aided with her vote to build
tariff wall between this country and
Mexico and the silver-producing and
using republics of the Southern CONT
ont II Al
stanchest supporters of this exclusive
policy, declared, but two years ago in
the United States Senate, 1T is not for
Colorado's interest that we vote for such
isolation, but Colorado, thinking more of
her sister States than herself, periodically
sacrificed her own in their interests
I'm the South Colorado appeals with
more soul-felt words. Two years ago
you feared with sinking hearts and paling
lips the enactment of law that threat
ened to deprive you of self-government,
and turn your election booths over to the
tender mercies of Federal bayonets on
election day. To save you from the out
RACES OF the Federal force bill Colorado's
two Senators (Republicans) defied the
edicts of their party caucuses and de-
leated what was to you certain humilia-
lion and the horrors of subsection to the
electoral will of your former slaves. We
saved you then; you can save us now.
With us now it is more of death strug-
gle than it was then with you. If the
schemes of the gold kings are accom-
Dlished, if the present silver law is un-
cOnstitutionally repealed, the great bulk
of us will be made paupers, and our
beautiful and wonderful State will be set
back in the march of progress more than
u quarter of a century.
Colorado, great in resources, proud
Of her business record, filled with brave
men and resOlute hearts, makes this its
appeal for preservation to the OPEN
hearted and generous people of the coun-
try. We are confident it will not be in
vain. The atrocity of making homeless,
through the destruction of the chief in
dustry, of one million square miles of
American territory; that 100000 men,
women and children, with the all attend
ant scourges of enforced and hopeless
Idleness, can never be the work of an
American Congress. with your approval.
With the hope of speedy delivery from the
crushing burdens of the financial system.
Degotten of the greed of Great Britain,
the remorseless money power, and of the
prosperity inseparable from the Ameri-
can system which includes the free coin
age of gold and silver at the American
rate of l6 to l, we submit to the people of
the United States this statement of our
cause"
of TNcri,, g. H.
fund with which to disseminate free coin
age literature in the East, adjourned sine
die.
CLEVELAND AND THE SHERMAN ACT.
New YORK, July l2.-The Commercial
advertisers Washington special says:
The President realizes it will be no easy
task to repeal the Sherman Act uncondi-
tionally. Despite the assurance of GER
tain Democratic leaders, there will be
strong Democratic opposition to any
method of cloture, and unless some
method of terminating obstructive tactics
can be devised, Bland and his free-silver
followers could flibuster indefinitely,
and they boldly declare their purpose to
do so unless something better, in their
opinion, than the Sherman Act is offered
as a compromise. The President is fully
advised of this stubborn element within
the party, and appreciates the persuasive
powers of Federal patronage upon stub
born Democrats.
He is determined to have the Sherman
Act repealed, and none save those who
cooperate in this purpose will get any
favors from the Administration. Unless
Bland sbandons his attitude Of opposition
to the Administration, he will get no
Offices for his constituents, and failure
to obtain his share of patronage will be
likely to suddenly terminate his Con-
gressional career. Those Democrats who
oppose the adoption of rules designed to
facilitate the repeal of the Sherman law
viii alone be disciplined. Thus the Pres
ident will hold club which will bring
his party to his policy.
4 GOLD SYNDICATE.
New YORK, July ia rumor was
current on the floor of the Stock Ex-
change to-day that a gold syndicate had
been formed for the purpose of importing
about $1,000, 900 in gold. A German bank
ing house was reported at the head of the
syndicate aud managing the operations.
The first shipment, it was said, would be
made Saturday. Leading gold houses
were called on, but knew nothing of such
q syndicate.
SILVER AND GOLD EXPORTS.
NEW YORK, July l2.-Thirty- five thou
sand ounces of silver and 49,, 900 in gold
have been taken for shipment to Europe.
SILVER OFFERS.
WASHINGTON, July l2-The offers of
silver To the Treasury to-day aOgra0atad