The Meeker herald., 1894-03-10
y Silver Party.


congress from Nevada, takes exception
to being called Populist. He says lie
is mol Populst, but representative
of the silver party: that the men of
Nevada, recognizing that both the
Democratic and Republican parties
were insincere in their professions re-
gariihG silver, and that the Populist
party While sincere on the silver ques-
tion, IS 50 welded to impractical the
orits that it is impossible for it
to fucceed, determined to form an in
detandent political organization of their
own, called the Silver party" Their
immediate hope was that with the aid
of fhe other mining States and with the
add dof the agricultural States likely to
be RIied by the Populist party, suf-
ticiert number of Independent electors,
devoted 10 tie silver cause. you'd be
elected to the electoral college to secure
the balance 0f power, and thus force in
that college the selection of President,
either Dmocrat or Republican, who
would sign or at least not oppose free
coinage bill. Their ultimate eXpecta-
tion was that the Republican party
instead sf sectional party, devoted
only to the Interests OF the New En-
gland aDi Middle States rs manufactur-
ing and creditor States. or that the
Democratic party, rejecting further al
lance with New York, which thus far
has enabled that State TO control its
financial action TO its lasting disgrace.
would pursue policy which would
unite the South with the West on is
sues which would constitute common
bond OF sympathy; or that third party,
whether under the name of tue Peoples
party or some new name, presenting to
the people but two issues, namely, free
freedom from industrial dependence
upon England or other foreign coun-
tries would, under wise and patriotic
leadership, he organized for victory.
The remainder of his letter is in these
words
"On these lines the Mining Congress
at Helena, Mont, declared itself, on
these lines the Bimetallic League of
America has practically acted, and on
these lines the silver party of Nevada,
OF which l am the representative in
Congress, is organized. do not regard
it rs permanent party organization,
but simply as that form of organization
which should be maintained, at least in
every mining State, until either one of
the fopullst learns wisdom, or new
national party is organized, which every
true American who believes in his coun-
try and that it should have financial
and industrial policy Of its own, can
join.
"Adversity, which long since taught
the silver miners of the mountain
region, the farmers of the West, and
the planters of the South that the ap-
probation of gold resulting from the
gradual decentralization of silver, was
the chief cause of the fall in prices, and
the prevailing industrial and COM
mercial distress of the world, is now
teaching the creditor section of our
country that while the destruction as Il
money metal of the only competitor
which gold has had has increased the
purchasing power of money, it has also
diminished its earning power. The de-
faulting of bonds, the inability of own
ers of credits to collect their interest,
the dearth of profitable employment for
money all prove that we cannot cut off
one of the natural sources of money
supply and limit the natural in
crease of the volume of money
without affecting all industries, and
that owing to the consequent stagnation
of enterprise and destruction of in
dustry, the business OF money lending,
though the last to suffer, must bear the
burden equally with the rest.
"Misfortune is.a hard teacher of the
principles of political economy and
monetary science, and though it is to
be regretted that the world must suffer
so much in order to learn lesson which
quick intelligence should have antici-
pated, yet the lesson must and learned.
Until then and until some great ma
tional party, having learned the wisdom
to make the silver question its chief is
sue, must beg you to characterize me
only as member of the Silver party of
Nevada. Salt Lake Tribune.
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