The Evening dispatch. [volume] (Provo, City, Utah) 1891-1895, 1894-04-17
NOTICE.
PROVO CITY. APRIL II, 18S
SILVER IN THE EAST,

President Jeffreys of the Denver and
Rio Grande railway has just returned
from the east and speaks enthusiastic
cslly of the fast growing feeling in IA
vor of silver in the far east. Thirty of
the strongest 6nanciers of Boston have
declared in favor of international BIZ
metslism and are sending out strong
circular urging cohesion between the
bimetalists of New England, New York
and the east generally with those of
the far west. The sentiment for free sill
yer is rapidly growing all oyer the
north and east. The south is pTacti-
cally an unit for silver and the west
unanimous, so that very few more
accessiOns from the far east and north
and the tide in favor of the old money
metal of the ages will be restored, and
the time is by no means distant. This
is a subject of over-topplng import
aDce to Utah and she cannot remain
Indifferent to every or any phase of
b1Ae eAlfCl dNN NIL OCulC1B 1E
one of the clesrest-headed thinkers on
business topics in the entire nation.
As q speaker, he is as ready, more inter-
esting by far, and deeper than Chaun-
cey Depew, and his words have more
significance than the great post pran-
dial orator of New York. World
wide bimetalism of course would be Of
far greater use to US than simply na-
tional bimetalism, but Mr.. Jeffreys
feels confident that national free coin
age on our part would prove sll-power-
ful in determining international action
at an early day.
IL free coinage is not restored soon
some other means Of increasing
the general money supply will have
to be resorted to. The repeal of the
prohibitory ten per cent. tax upon
state banks will soon flood the country
with money, but of doubtful charsc-
ter. We simply must have more
money. The per capita amount must
be lifted from seven and a half to
sixty-seYen dollars. A policy which
will restore. public and general conf
dence must be established ere the
boarded billions of the rich will be
suffered appear on the surface of
commerce, A character of money
which Will accomplish this must be
devised. Nothing can be better than sill
yer at ratio of Is to l. Ages of exper-
ience has fully developed the fact that
gold and silver upon perfectly equal
basis is the money most popular among
all the nations of the world, 1t is the
money demanded now. If there was
any honorable way Tor Germany to
break away from the monometalist
combination Of which she is the head, |
Germany is ready now to lead in the |
work Of restoration as she un-
doubtedly led in the fell work of the
destruction of the double standard.
Notwithstanding all the difficulties
which lie in the path of restoration,
Mr.. Jefferys sees unmlstakable signs
Of improvement in commercial circles
In the east. lie argues that the ma
tions are returning to the old conserva-
tive plans of inanciering which were
in vogue ere the doom of our system
was written by MIR. Sherman in 1873.
He would gladly see our own beloved
country lead in the great reform for
many reasons, one is the nations
would rise up and call Us blessed, and
another is we would secure the largest
share Of the profits of restoration hv
leading the charge against the monu- ,
mental evil of the age, the gold bug pol
icy.