The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-09-26
BELOW THE BELT.
Lawrence's Letter Severe Blow to
the Bosses.

the Bosses.
The g. O. p. bosses have not yet re-
covered from the effects Of the heavy
blow administered by Hon. H. w.
Lawrence in the following letter:
Hon. Charles Crane. Chairman Terri
torial Republican Committee, Utah:
Dear Sir:-Your letter of last month
requesting me to assist as one of the
| speakers in the territorial Republican
campaign this fall. has been received
and duly considered. I am free to
state that I cannot further sustain the
present financial policy Of our govern
ment, which has been the cause of such
widespread suffering to our citizens all
over the land and destructive to the
best interests of the nation.
This policy was inaugurated by the
Republican party. and has been con-
tinued by two Democratic administra-
lions, by the votes and influence of
leading Republicans, as the records Of
and debates in Congress clearly show.
The financial policy of this country is
the most vital question today before
the American people, and towers above
| all others In its Importance to them
The present suicidal policy of closing
our minis to the free coinage of silver,
and contracting the needed legal tender
currency of the government, has been
the direct cause of untold misery and
loss of wealth to the American people.
1t has concentrated capital in the hands
of the few, and is crushing out legiti-
mate competition in business. It has
paralyzed the great industries of the
nation, and made paupers of thousands
of American citizens who are unem-
ployed and without homes. suffering
for the necessaries of life, in land of
plenty, possessing unlimited resources.
Our debts, private, corporate and pub
lie, are piling up mountain high, with
not money enough in circulation TO pay
even the interest, to say nothing of
ever paying the principal.
These are some of the results of the
present financial policy of the Republi-
can and Democratic parties, and now
they ask for a renewal of their power.
Can the people reasonably expect any
permanent relief or prosperity under
the narrow and contracted policy of the
past and present, with the creditor
classes of Europe. and America control
ling our financial legislation? / think
the masses of the American people will
sooner or later answer this question in
the negative The United States gov
eminent, with its 70,000.0O0 of progress
sive and intelligent people, should have
an independent financial policy OF its
own, opening the minis for the free
coinage of silver and gold at the ratio
of Is to l, and issue legal tender treas
ury notes to make up the circulating
medium to at least $40 to $40 per
capita, issued and controlled by the
government in the interests of the
people With this amount of debt-pay-
ing money in circulation, the people
would have some chance to free them
selves from the bondage of debt; labor
would be employed at remunerative
wages: the business industries of the
country would take on new life: fin9n-
cial panics would cease to disturb
values; poverty and crime lessen, re
rewed hopes would spring up in the
breasts of the people, and the morals
of this nation be elevated to a higher
standard of civilization.
Very respectfully,
H w LAWRENCE.