Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-08

In the direction Of the ontifcfubstilu.
ton OF silver for gold IN the govern.
ment treasury, aud that this must 10
followed by the payment Of all gov.
eminent obligations In dcpreoialei
silver.
MUST FART COMPANY.
AZ this stage gold and sll.
vUr must part company aud the gov.
eminent must fall In It's esinb-
liehed policy 10 maintain the two
metals on parity with each other.
Given over 10 the exclusive use Of
currency greatly deprecated accord.
ing 10 the standard OF the commercial
world, We could no longer claim u
place among the nations NJ tho nrst
class, nor could our gov,rnment claim
tho Performance Of ito obligation,
no far m such obligation has b,en i'm.
posted upon Tito provide for the use Of
the people tho best and safest money.
II, NJ many I liz ffluuds claim, silver
ought 10 occupy a larger place In our
currency anu tho currency OF tue
world through general international
corporation and agreement, u IL Obvl.
Gus that the United States Will not be
Ia n position TO gain hearing
In favor Of such arrangement, 20 long
10 We are willing 10 continue our At.
tempt 10 accomplish the result single.
handed. The knowledge In business
circles among our own people that our
government cannot make its Tat
oquival, NJ 10 intrinsic yalue, not keep
inferior money ON parity with M.
Iorior money by III own independent
efforts, hiss re6ulted in such
lack Of confidence at home IN
t.v stability u currency values that
capital rciuEes iis aid ~ now enter.
prises while millions are actually
Withdrawn from the channels Of trade
aud commerce to become idle and uf.
profitable IN the hands OF timid Owners
Foreign invo'iOrs, equally alert, not
only decline 10 purchase American &C.
ouTities but make haste 10 sacFl.
hco those which they RlreaJy
have. II does not meet the situation
10 say that apprehension IN regard TO
tho future OF our finances In ground.
lees aud that there is no lack OF conf.
dence In the purchases or the power oi
the government in the proWises. The
very existence Of this apprehension
and the lack Of confidence, however,
has caused menace which ought not
for moment 10 be disregarded. Pos.
sibly n the undertaking We have In
hand were the maintenance OF
specific known quantity OF
silver ut a parity with gold, our ability
20 do 30 mi iht he estimated and
gagged, ana perhaps In view OF our
unparalleled growth and resources It
might be iavorably passed upon. But
when our gvOwed endeavor IL 10 main
tain such parity IN regard 10
an amount OF silver Increasing
at the ratio OF fifty million
dollars yearly, with no fixed
termination to such Increase, II can
hardly DO said that a problem IL pre-.
scented whose solution rs free from
doubt. Tho people Of the Unite d
States are entitled 10 sound,
stable currency and TO money
recognized as such on every
exchange aud IN / every market
OF tie world. Their government has
no right 10 lnjuro them by financial
experiments opposed 10 the policy aud
practice OF other civilized states, nor Is
IL Justified IN permitting an eXnggeFat.
ed and unreasonable reliance un our
national strength and the ability TO
jeopardl1s tho hOundness OF the
peoples money.