The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-07-30
Prepared by the Denver Chamber
Of Commerce and Board
OF Trade.
The Legal Tender Currency OF the
Country Not Adequate to
BUSINESS.
Means to Remedy tho Defect suggested-
Organization of the House-silver
Men ut Chicago.

DENVER July 29.-Ths committee Of the
chamber Of commerce and board OF trade.
appointed to prepare & memorial TO con-
gress in favor Of the increase OF tho circu
lating medium by the free coinage OF the
silver produced from the mines Of the
Unised States and to demand the paying
treasury, have. through their chairman,
Ex-Gov. John Evans, made u report. 1t
calls attention to the facts that the amour I
OF legal tender currency in the country Ia
altogether inadequate to the transaction of
its business; that owing to this great in
Justice is the relatively diminishing value
Of property, wheat. cotton and silver;
that this condition of currency has
dep eciated values. finally destroyed oonii-
dencs and brought ruin on the length and
breadth OF the country, closing business
generally. mines, banks and manufactures
from the Atlantic to tho Pacific and from
the lakes to the gulf; that the repeal of the
Sherman silver law would further contract
currency and should therefore not be made
without providing an adequate substitute;
that such condition can only be Esmedisd
BY the governments restoring the amount OF
amount required. making it honest money
in fact.
To accomplish this imperstively neces-
sary reanlt. it praya congress to require the
secretary OF the treasury 10 pay out on the
debts of the government including pen
distribute to national bank depositories for
this urpose. all legal tender silver ooin
now IN the treasury; to require the score
tary OF the treasury to coin into legal ten
der money and pay ont in like manner on
the debts of the government all silver bull
lion now. or which may hereafter be. in the
treasury; that the reserve Of $100. COG. 600 In
gold in the treasury. placed there at the
time OF the resumption OF specie payment
in 1879 to protect the credit of the govern
ment against the possibility Of default In
meeting Its gold liabilities. be put in cir
oulation. Since the credit of the country
10 50 sbundantly established all over the
world such reservation 10 no longer re-
quirsd.
The memorial goes on to earnestly p O.
test against any increase of the nations
debt to raise money TO pay In gold debts
payable in coin only. or attempting 10 ad.
minister the finances Of the governments OF
strictly gold basis. The memorialistl
call attention to the fact that mono
metallic England has per capita OF onl,
$1a.42 in circulation and in E ono metallic
Germany only $lS. 81, and the United STATE,
$26.15. while bimetailic France has $40.5t
circulation per capita. consisting OF $780,
600, 900 gold. 800, 0O0 600 silver, with a ratio
at 151a to one. and that il IN maintain the
parity between gold and silver coin.
1--WE respectfully protest against tho con-
tinuance Of the practice Of the authorities
of bimesallic America in following mono
metallic England in matters Of finance,
because England is the largest aggregation
OF money lenders In the world, and your
constituents In developing their country
have become the largest borrowers IN the
world, and because hers is an aristocratic
government and administered by mobiles,
landlords, bankers and capitalists in the
intsrests of their own class, whose interest
by the contraction of currency to q gold
basis. who have little regard for the wishes
of common PEOPLE, who are bimssallists.
while ours is government of the people,
by the peovls and for the people,"