Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-01-03
SILVER.

The present woes OF tho ailyer.pro-
ducing states Is charged to the demo.
cratic parry because Of the legislation
which repealed tue purchasing Clauto
oftho Sherman oct. Doubtless the party
Ia power IL responsible Tor tho l,glslA.
ton enacted under iia naturalization,
tut whom It comes to a oouLiderati0n ~
to which party IL most friendly
10 the white metal the Krpul-
liuau party has no advantage
even Ia this recent legislation;
Tor greater percentage Of Republicans
voted Tor repeal than Democrats. In
fact there was a very general demand
throughout the country ior the repeal
OF the sherman act. II was working
untold mischief TO the finances Of
the county. II compelled the
government to purchase 1900, 900
ounces oi silver per month, iisuu cor.
tincates thereon and keep them vt par
with gold coin. This market value OF
the SILVER IN our silver dollar was
about 90 cent?, 10 that Tor every silver
dollar redeemed there was loss h
the government Of 90 cents. 10 u.
quires 10 deep political acutoEess 10
tos that IN the oud that means bank.
Iuplcy 10 the government IL does not
remove tho difficulty Tor western Re.
publlcans 20 cay that silver certificates
need not have been redeemed ia gClI,
but In silver coin. The Sherman law
demanded that the silver certificates
DO kept on a parity with gold, aud u
when these certificates were presented
the government had refused 10 pay
gold, tho inevitable result would have
been that confidence would have been
lost In silver entirely, gold would have
rushed 10 premium and we would
have had "a financial panic 10 which
our present financial troubles would
be- as u gentle summer ZIP W to a
Cyclone.
the administration In redetmlng ali.
yer certificates Ia gold when presented
tuAt the financial crisis througu WHOA
the couutryi passing has boen no wore.
The purchasing clause OF tine sherman
law hRd 90 bu repealed-the country
demanded it-it was the duty VI the
party 10 power 10 repeal /, aud Il was
done. Tue only thing OF which oven
we Of tho west can complain is that
something was not substituted favor
able 20 silver, Meantime the Rtpub.
llcan party is responsible Tor The de-
q .a.. All. -
lid ~ away back In 1873, II cannot
deny tho TACT. ils apUlugisls 10 not
attempt IL. They merely tfy TO eXCuie
Il on the gsunnd that they did not "gO
for 10 DO ~" Republicans diI not
know tia, denomination would no the
elect OF their Legislation! AlWl loOr
innocence, how often art tn0u bltHyod
into wrong doing unaware! But
VINO ever would hnYe thought that the
great Republican party, bgasl'ui OF her
influences would Dee cOuiuut u put 81
such n ulltry plea la thl2 Perhaps
Tie excuse, such as itlp, Gppcasg8 the
Republican, party Coincidence for
rfcat political crime, bur what does it
my for ita intelligence In an cantor,
s IA unrty Nliou ID NOT aware UI the
rlloct ui as legislAtl3n ttI be iru8trl
with the de. tiny OF the groat nation?
Ihis c1cugc 10 something like the
Irshmuu's saoTt bialAet. When ~
covered his heal his feet were l,i, out
In the cold; Go lac cut Oh q
niece from the top anu tuweI
m on at tho baton; but
when that covered hia feet, 70 llil great
disgust hiB bald head was exposed TO
Inc cold blasts Of winter.
II cur Republican friends will DO