The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1893-08-12

ing fact. before you gave your approval TO the
destruction OF sily r a. mon y. an t. he iinHi
establishment in his country Of the sInse
gold standard OF values, aud taus at one
stroke change all de5t> to gold BITS, and In
aug,Irate never ending rise of gold and
continued corresponding fall 10 the prizes OF
every commodity.
Congress has been called TO meet in extra
session on August I. Preceding that call the
classes which have struggled for twenty years
to overthrow the bunetailic money standard
provided by the constitution. inaugurated a
panic which they untruth uIly charged 10 thc
existing silver law, ignoring the facts that
there were 500 OD.uUO OF oui-ianilng legal
tender note, commonly called "grecuback-n
that we're equally available with the treasury
notes issued In paym Mt for silver In draw
gold from the treasury. that tue balance oil
our foreign trade had turned against ~, rem
,iering settlement abroad with Am .rtc m gold
a necessity, aud that the great bankers of Eu-
rope were purchasing god with which TO
change the money standard OF Austria, ana
to I'LL the treasury vaults OF othtt monarch
zeal countries. The evident purpose was to
create prejudice against what was known as
the silver purchasing act, and under pressure
secure its uncond tional repeal The success
OF these schemes was ONLY partial. Nenal
presidential patronage experimenting itIsc
and inccndlary utteranees by the gold press,
aggravated by daily circular assaults upon
the law by eastern money brokers sent to
every commercial boly and banking corpora
ton In the four quarter Of the country. had
possibly won over the house OF representatives
10 IL: but even the president admitted that
In the senate thcrc a staunch majority
against IT, Whcn suddenly, Ike hrtbeN IN
the night the news was flashed beneath the
ocean that free coinage IL India hai been
suspended. and that the market price OF sll-
yer had fallen within - hours fully 90 cents
per ounce This startling action. forced upon
the Indian government without moments
warning, the step held In secret contempla-
ton by the British government for months
/ to be taken at a critical aud opportune tine,
when the CONSERVATION It must create 1t was
hoped would stampede the last phalnnH OF
bimetallism's defenders, must have had, As
one of its chief aims the intimidation OF the
senate to bring 1t 10 line with the subserflrnt
lower house.
Immediately the wires we're burdcued with
appeals to the president from banks and
| clearing houses and commercial bodies DON'T
mated by them for an extra session. and 10
senators, TO repeal the sherman law which
] It was claimed, was responsible for all the
] disaster
The call was made The time FOR the cx
] ira session 10 commence Is early; 50 early, IN
| deed. that may II not have been the hope OF
l the president that the pauc would not SUD
/ side and the measure OF repeal be forced
through before reason resumed itr sway
l and truth and logic could dominate the CON
/ gre-s.
] The enemies of blmctall sm-and they now
I fairly Outuuubgr all those VINO oppp-ft lEt'
I coinage for silver alike with gold, as u was
/ before the decentralization OF silver In lo'5-
] openly declare that they Will be content win
nothing les than the uncond tonal repeal oil
the r-purchu,ing clause OF the shcrnlal
l law fl i fni that they struggle; 1t Wa, 10
secure that she panie WI, created aud free
coinage IL india suspcn led.
/ That mean, striking from the laws the last
remuaLt Of legislation that secures Tree com
age for silver. IL iiXss The United states
81. aHH.HW NaH H.TIH NftTI
tion- II Is the contamination of the con
| spIracy organized at the close nf the franco
! Pru--ian war TO destroy ~ money uf ultimate
redemption onc-half OF the coined money oil
! the wurld-leay.ng the other hali to bear alone
the vast mountain OF credit upon which the
worlds busiuess Is conducIcl-lnvittug more
frequent panics aud rendering them more
destructive and enduring,
] 1t Is idle TO hope that reducing the value OF
silver to the lowest stage will force Ereat
Britain to seek international solution OF tue
dilemma The home of the single standard
power Is in her Islands It, members have
fully anticipated the low degree TO which ~
ycr win descend They have discounted ~
disturbance OF their Indian trade and stcelcd
their hearts against the crime ii VIII bc u
their Indian subjects. The power that could
plot for - years, that could force ITS YOKE
upon Germany, the Latin Union, Austria ana
/ the United States. that could gain to us alti
the daily press OF the country; that could
y
OF the great American political parties
AtsailaaI, 'othrifSayt 'scgarIRg the bta-fdeh;
tial candidates uunlterably opposed TO 1t, tina,
could change an everlasting sentiment among
the people for bimetalllsm to Il feeling of en-
nifty or Indifference, can never he induced to
relent, for It has counted the cost, and has
learned its power.
The Sherman law is not the work Of the all
yer producing states. 1t forced upon the
country against their will. Their constant
Il 4 I'll -
states of the West and South, and OF the
working masses Of the whole country. They
have not sought To impose upon the country
some new financial nostrnm, but have asked
for the restoration of the coinage laws as
they were from the iirst year of the federal
constitution until the furtve repeal OF 1873
The Sherman law the trick by which that
Restoration was defeated. 1t was accepted by
bl-mctalli,ts pledge that the old laws
should at some future time, be restored and
they now demand, not that the Sherman law
shall be retained. but that the hostage shall
be redeemed by the re-cnactment In It's stead
of the coinage laws under which the country
grew aud prospcrcd for more than three
quarters OF "A century.
The charge that the bl-mctallists demand
that 90 cents shall be made dollar is lie.
1t was the trick Of the single-standard con
spirators that lessenei the value of silver.
Had gold been dcmonetlzed instead OF silver,
retaining for silver its greatest Use and
chiefest function, and deprlving gold of its
greatest and chiefest function, gold would
not to-day be worth 50 per ounce and silver'-
value and purchasing power would be In
creased largely above its former highest fig
urc. What bi-metalliss do ask, and all they
ask, i that the law relating to coinage as 1t
was for the scvcnty-tvc years OF the country
greatest glory shall be restored without the
| addition or eNpunging OF syllable. II, with
| that law rc-enactcd and n fair trial OF 1t had,
silver shall not, without the purchase of an
ounce of metal by the government, resume
its former relative value with gold, b-metal-
lists will cheerfully submit to any legislation
that experience will suggest necessary to
make every dollar OF the United States equal
In intrinsic value to every other dollar bear
ing Its stamp. They urge the old law with
supreme confidence, born of the uuassailable
4 truths of history, that It will Immediately
place every coined American dollar upon a
par OF value both rs coin and bullion, restore
the bonds of weakened love and confidence
and set In happy motion the wheels of all the
country's magnificent Industries.
] VIII you listen 10 us while we speak in
words of sober earncstncss OF the local effects
of the unconditional repeal of the silver law
will have,
The silver mining states and territories,
embracing l,O0O,uO0 square miles of the con-
tincnt, with 1000 900 Americans inhablting
them, depend peculiarly upon silver mining
for their prosperity. That industry is the
very heart from which nearly every other in-
dustry receives support. Agriculture will
not thrive without artificial irrigation, Its
mines of coal, iron, stone and clay, while
! magnificent are worked with such dear labor
and are so remote from other than local mar
] kets that their movement would be feeble and