The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-11-28
Much TALK About SILVER
Continued from Page -

in which the silver-producing states
are principally interested, is utterly
deceptive. as | have endeavored 10
show. The farmer of New YORK or
Ohio is interested precisely as is MS
brother in Iowa or Kansas The man
who owes a mortgage in Massachu-
sets feels the increasing pressure OIL
the obligation as strongly as his lei
low debtor in Missouri or DAKOTA Inc
increasin number Of foreclosures, tne
heightened list of sales for unpaid
taxes, the armies of underpald ana IN
employed, tell the same story every
where.
In theory, it was easy to say what
the results of decentralization must be;
actual experience is showing what they
are. A steady decrease in all properly
values and an increased burden OF
all fixed charges, csn bring but one re-
suit. The cry of the suffering goes up
TO heaven. The most despalrlng ana
the most touching of their prayers are
never heard on earth, for they come
from those who suffer in silence. The
aggregate of human misery caused by
this grinding of the upper and the
neither milestone is a thing 10 make
angels weep. We live in the most IA
vored of all lands. God has given US
a goodly heritage. The natural re-
sources of our country should make II
one of universal prosperity and happl-
ness. There is no reason for suffering
and want. It's sounds are purely arti-
fetal BY the selfshness of man, the
good gifts of providence turn to ashes
in our hands. The food is taken from
the mouths of the weak and the de
fenseless No judgment from on high
has been visited on this people; nei~
Their war nor famine. nor peStilence
have been suffered to aff1ict us
Yet in the midst of physical health
the nation is sick; in the midst Of
wealth there is poverty, and in the land
of plenty there is suffering and starva-
ton.
God grant us all the will and the wis
dom to see the causes of these things,
and having found them, to apply the
remedy.
At the conclusion of Governor
Princes remarks and the hearty APP
plause following, the congress took its
usual evening recess.
leighton Anti-SiIVer.
Immediately upon re-assembling, the
discussion upon the reconciliation of
silver was resumed, Colonel George Z.
Leighton, of Salt Lake, being intro
duced to present the views of the con-
servatives upon the silver question.
Beginning with a few generalities up
on the tendency to prescribe legislative
nostrums for the cure of ills on the
body polite, he came down to the sub
ject in hand. first declaring his belief
that existing depression was primarily
due to the pushing of production TO
extreme limits without due regard of
the facility Of distribution and capaci-
ty to consume. He belonged, he said,
to those who believe that the free coin
age of silver at 16 to 1. would be a
certain aggravation of existing ills and
deprecated the use of artificial props
to advance the interests of anything.
The ratio of 16 to l, the speaker de-
clared, was a fetch, and in support of
this quoted the various ratios within
the history of the world. The whole
question was one of commercial util-
ity and upon that utility, coupled with
the supply, was fixed the ratio between
the money metals. Still silver will al
ways have and always should have
large place in the financial system.
Bryan's Brief Speech.
Scarcely had Colonel Leighton con-
cluded than the audience evidenced
that it had been waiting for the next
speaker, Congressman Bryan, who was
received with an outburst of applause
which was not stilled for some mo-
ments. After expressing his inability
to cover the subject in the brief time
allotted him, Congressman Bryan pro-
ceeded TO quote James C. Blaine, Sec
rotary Carlisle and others equally
prominent, as declaring that the de-
monetization of silver was a crime
against the people. in that it destroyed
from three-eighths to one-half of the
existing medium of exchange and ap-
preciated the balance to the benefit of
him who has d fixed income in money
The men who preached gold stand
ard turned back to the history of six
thousand years Coming to the ques-
ton of bank issue, he denounced them
as unsafe and unreliable from the very
innate selfishness of man.
Mr. Bryans test of the low rate of
interest indicated an abundance of
money was that the people were. from
existing depressions, not able to Dor
row and pay interest. That was what
kept money in the banks willing to ac-
cept almost any rate of interest. There
were three propositions to be met: The
question of ratio, the limited or unlim-
tied coinage of silver the coming of
silver alone or with the aid of foreign
nations. To these propositions he had
but this answer: is to 1. unlimited
coinage and by the United States with
out the aid of any nation on earth.