Evening star., 1893-11-06
IN BEHALF OF SILVER.
Populist Senators and congressman Issue
Manifesto
The Conflict, They Say, is MOmentOus
and Irrepressibie-Anoth Dig
at the President.

The populist members Of Congress and
the two Senators from Nevada have issued
a silver manifesto to the country. The ad-
Dress which is directed to the people. starts
with the declaration that, THE conflict of
the money powers battling for a gold oil
garchy and S1he masses struggling for con-
stitutional liberty is momentous and ire
pressible," and closes with the exhortation
to Trust no man who has once betrayed
you. Put no faith in any President who as
sumes dictatorial power. Do not be over
awed or intimidated by Wall street and the
power of the national banks When the
people rise in their might, intrigue, cunning
usurpation, bribery and corruption will van
ish before them.'
The address is signed by Senators Peffer
Jones, Stewart, Kyle and Allen, and by
Representatives Davis. Baker. Born, Bell
tColorado). Harris. Hudson, Simpson Pence
KEN and Mckeighan. and is, in part, as
follows:
A large part Of the geld coin in the world
is now boarded in anticipation of war, and
the rest is controlled by banks In the money
centers of Europe and America. General
prices are fixed by the volume Of money In
circulation. The decrease Of that volume In
approxiinating the gold standard during the
last twenty years mas I6QuCeU prices OF
property and the products of labor fully 50
per cent The control OF gold by the banks
enables them to regulate the volume of
money based on gold and to expand or con-
tract II at pleasure. -,-
The reduction Of standard money to gold
alone means continuous contraction of the
volume of money. The struggle for gold is
shaking the foundation of every. financial
system in the world. The increased demand
for gold since silver was demonetized has
already enhanced the yalle thar me
from ~ to 50 per cent
The repeal of the purchasing clause Of
the Sherman act destroys silver as money
OF ultimate redemption and reduces that
metal to credit money to rioat only by re-
demption in gold. The 81, 100, ,000, 900 of paper
and silver now in circulation must rest upon
less than $l0ooo0,Uoo of gold in the treasury
available for redemption. The only rea son
for demonetizing silver was 10 enhance the
value of gold and obligations payable in
money. 1t Is further proposed to sell bonds
of the United States and buy gold to
strengthen the reserves in the treasury
National banks Will use the bonds for bank
ing purposes and issue their notes, upon
which the people must pay interest as well
as on the bonds. 80. ....
The Sherman act had furnished the
country about $150,000.00O of legal tender
money and contributed largely to general
prosperity, but II interfered with the full
establishment of the gold standard and the
appreciation of gold coin. 1t was the only
of the original conspiracy to get rid of one
half of the worlds metallic money.
The struggle in the Senate lasted more
than two months, and until the gold power
and federal patronage could induce a ma
jority of that body to submit to executive
dictation. The gold press in every CONNER
cial center teemed with Misrepresentation,
insult and abuse of the unpurchasable de-
tenders of the people. Banks, boards of
trade, and the commercial press demanded
a vote without debate. The power of money
was felt on every hand. Intimidation and
threats OF personal violence loaded the mails
of Senators.
But the decree of the gold trust issued by
the Executive, was finally recorded and the
gold standard adopted. If that decree can
not be reversed a gold oligarchy is perman-
emily enthroned. and the people must, under
continual contraction and falling prices
sink into want and misery.
MI A. j. Warner. president of the BIZ
metallic League, has also issued an appeal
In behalf of silver