The morning call., 1893-11-05
SILVER MUST BE MONEY.
There Was a Conspiracy of a
Sort Unheard of Before.
GROVER, GOLD AND GLADSTOE.
That Was the Combination the
People Had to Meet in the
American Congress.

WASHINGTON, Nov. 4.-The Populist
members of Congress to-day issued an adj
dress appealing to the people to take up
the silver cause. 1t is significant that the
name OF Senator Jones of Nevada appears
among the signers of the document
The address calls attention to the fact
that the arts require almost the total gold
production and says that the decrease in
the volume of this metal caused by hoard
ing has caused 1t TO appreciate from 40 to
80 per cent. The address continues: 1.-The
repeal of the purchasing clause OF the
Sherman act destroys silver as money of
ultimate redemption and reduces the
metal to credit money, TO feat only by re-
demption in gold. The 1,100,000,0OO in
paper and silver now in circulation must
rest upon less than S100,000,000 OF gold in
the treasury as available for redemption.
The only reason for the demonetZing OF
silver was to enhance the value of gold
and of obligations payable in money.
sit is further proposed to sell bonds of
the United States and buy gold to
strengthen the reserves in the treasury.
The national banks will use these bonds
for banking and to Ease their notes, upon
as on the bonds"
1t is asserted that the Secretary of the
Treasury surrendered his option pay in
silver to the eX orters OF gold without
consideration and then proclaimed that
the Sherman act was driving gold out of
the country. The address asserts that the
Sherman act interfered with the eS Siablish-
ment of a gold standard, and New York
and LONDON bankers and the present ad-
mnistration in the United States aud the
Gladstone government in England con-
spired to force its repeal.
Referring to the contest over the repeal
bill in the Senate, the address says thai
it was continued until the gold power and
the power of Federal patronage could in
duce a majority of that body to submit to
executive dctation. The gold press in
every commercial center teemed with mis-
representation, insult and abuse of the
upurchasable defenders of the people,
and hanks. boards Of trade and the CON-
mercial press demanded vote without
debate. The power of money was felt
on every hand. Intimidation and threats
of personal violence loaded the mails of
Senators, and unusual and cruel hours were
resorted to in order to exhaust the adyo-
Gates of silver and deprive them of oppor-
tunities of spreading upon the record their
reasons why The people should not be
robbed for the benefit of the money chang
ers.
The document ends with an appeal TO
the people TO study the question and says:
"TruSt no man who has once betrayed
you. Put no faith in any Pre- sident who
has assumed dctatorial power. Do not
be 0verawed or in Inundated by Wall street
and the power of the national banks.
When the people rise in their might. in
trigue. cunning. usurpation, bribery and
corruption will vanish before them"
The paper is signed by Senators PETER,
Jones, Stewart, Kyle, Alien. and Repre-
sentatives Davis, Baker, Boen, Bell, Har-
ris, Hudson. Simpson, Pence. Ken AMI
McKeighan.
General A. j. Warner. president of the
American Bimetallic League, has also is
sued an address which clUses as follows
"a remedy must be sought at the ballot
box. Retire every Representative who
has been unfaithiul to his trust, and elect
only true and tried men TO represent your
interest in the great struggle now be-
fore u.s."
There appears to be very little il any
prospect of the immediate reassembling of
the International Mnnetary Conference.
As the conference was called at the sug-
gestion OF the United States originally, its
deliberations will probably be resumed
only at the request of this Government.
and as far as can be ascertained Secre-
taries Gresham and Carlisle at present
have no intention Of making such re-