The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-04-23
PROSPERITY AND SILVER.

are improving and that the indica-
tions are favorable to an era of pros
perity. That this should occur under
the operations of q reformed tariff.
which Republicans attacked alter
nately as free trade" ond reduced
protection" is not at all pleasing to
high tariff advocates.
But some Republicans take courage
over the undoubted improvements in
business and in trade, in the rise in
wages as we'll as in THE price Of
commodities, and think they will
have the effect of stopping the de-
mand for free silver. The Pioneer
Press makes THE annexed remarks in
a lengthy editorial on the effects of
increasing prosperity:
If this had been the year of ma
tional election, it would have been
unfortunate, not TO say dangerous.
But the antidote to this poison is al
ready administered. Times are get
ting better every day. There is no
mistaking the turn of the tide.
Waves of depression and of recovery
move always in this country from
east ito west. No one at the east now
questions the fact of a marked inn
provement in every direction. No one
in the west who watches the move
ment of commerce and manufacture
doubts that the first slight swell of
the incoming wave has broken on our
shores. Better times are on the way
and are almost here. While they will
restore individual fortunes, they will
leave of the free silver movement
nr,1x <-ir
appearance of business distress, it be-
comes a battered and rudderless hulk.
The unfortunate dangerous"
condition that is referred to above is
what the editor calls forcing the
country TO a silver basis" something
that the most ardent advocate of sill
yer coinage has not the slightest de-
sire or expectation ito bring about.
1t is true that the great masses of
the American people, like the common
run of folks in other countries, look
usually ITO some party or policy as
the cause of depression in trade and
of business disaster. The party in
change of administration is looked
upon as the means of improvement.
In this connection it must not be for
gotten that as matter of fact the
depression and general restitution
that came upon the country when the
Democratic party went into power.
occurred under the administration
and operation of Republican laws
and policies. Also that the present
improvement and prospects for still
better times, are under the admins
tration and operation of the reform
measures which Republicans declared
would result in national ruin.
But the point intended to be made
by the Pioneer Press, and which has
some degree of plausibility, is that as
the fall of prices and the general de-
preston have been attributed to the
characterization of silver, the rising
tide of prosperity will sweep that
theory away and there will be no
danger of a return to the bimetallism
of the period previous to 1873.
We are inclined ito think the rejoice
ings of the Press are premature. That
paper remarks:
Everywhere about US we see a. ris-
ing market. This is not the conse-
quence of isolated operations or con-
ditions peculiar to some particular
trade-it is general condition. Silver
itself and beef and cattle and petro-
leum are among the most marked eX-
amples of commodities whose prices
have gone skyward.
Thus it appears that silver has
somewhat appreciated and the rise
In prices has accompanied that appre-
citation. That is in harmony with the
theory Of the silver men, that the
price of silver regulates the price of
and so it helps rather
than Injuries the silver cause.
Another thing. The tendency of
the times. not only in this country but
in the leading nations of Europe, is
toward silver restoration. The spirit
Of it is abroad. Silver is talked of
everywhere. The necessity of a BIZ
metallic policy is pressing so forcibly
On the public mind that 1t cannot be
turned aside. And even the prosper
lty that is surely coming. though by |
slow degrees, canot alter the facts |
and truths which are being placed |
before the people of all the leading
lations of the world.
The predictions of the Pioneer
Press will be found false prophecies |
ike those of the ruin that was to fol- |
ow tariff reform. The free silver
movement will be found no wreck"
,ut an increasing feet with sails full I
let as we'll as steam up and flags a
lying. Free silver will be the issue
# the next campaign. 1t will not be
,eat or battered down. Neither pros
,erity nor adversely can defeat the
liver cause.
But it must not be allowed to go
orth unchecked that the silver coin
.ge movement is anything less than
demand for bimetal1sm. Silver and
odd as the money of the United
;tates at the old ratio and terms, not
silver recommendation. The coinage
f the constitution, the natural money
f the ages is the demand. And,
mark it, that demand will have to be
omplied with, as sure as the sun
hines.
The eastern papers are now urging
he recommendation made by Mr..
leveland that what is now more
eeded than anything else is a plain
nd simple presentation Of the argu-