The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-13

treasury, al 500 900 900, which was re-
cognized as a lawful reserve by the act
of Congress approved July u, 1882, at
section u, in the following language:
That the secretary of the treasury
shall suspend the issue of gold GER
tificates whenever the amount OF gold
coin and gold bullion in the treasury
reserved for the redemption Of United
States notes falls below 100000, 600
Experience had demonstrated that
when the business of the country was
IN a normal condition this amount was
sufficient to meet the demands for the
redemption of the $346 100000 of green
backs, but when to this was added the
treasury notes issued under the Sher-
man law the redemption money was
just 20 per cent of the money to be re-
deemed. and when the panic came this
"mGney power of which the Tribune
speaks-the child of the Republican
party-formed another conspiracy
and began a raid upon the treasury.
They would procure the paper money.
take il to the treasury and demand
gold for its redemption This de-
mand the secretary, Mr.. Carlisle, was
bound by law 10 comply with: then,
under tne cornpulsiOn of the law, he
/ was compelled to pay this paper out
again. Again i was used to demand
/ the gold and thus the process went on
/ like an endless chain until the gold
reserve was about to be exhausted,
and, of course if exhausted the gov
/ eminent could not redeem its obliga-
/ tions and then its credit was gone and
| its money at a discount as it was be-
! fore the resumption of the specie pay
ments in 1873.
This result with it's direful conse-
/ quences to our government and the in
dividual alike. Mr.. Cleveland and his
secretary of the treasury must avert.
If the president could by the use of
any legitimate means at his command
have met this emergency and saved
the credit of the government. that We
ere also proud Of, and he had failed in
J this duty; he would have been held UP
to the execration of the people of all
! political parties alike. What was he TO
do but obey the laws that he had sworn
to execute by selling bonds of the gov
eminent for gold with which to replenish
the redemption fund and thereby save the
credit of the government, and prevent
its money from becoming deprecated
currency? An honest citizen can make
but one answer to this question.
In this connection desire to call the
attention and especially the Republicans
of the territory of Utah to the fact that
the Republicans in and out of Congress,
and especially Senator's H9ar OF casa
chuSsttS and Sherman of ONO, not only
advised Mr. Cleveland that 1t was
sell bonds to procure gold with which 70
meet the obligations of the government. j,
1t would appear from this statement OF
undisputed facts that the question: why
the Democrats have not remonetized sill
yer is fully answered. If there had beeH
nothing to do but to frame and pass a
free coinage bill, and have the president
approve it. the task could easily nave
been performed. But every man with any
! intelligence knows that If in the midst
of the panic that was upon the country
with the commercial ratio between sill
yer and gold at from twenty-eight to
thirty of silver to one of gold; with bust
ness stagnated and the revenues OF the
government by the operation of the Nc
kinley bill falling below expenses each
month: with the credit of the govern
ment threatened to an extent that was
alarming; l repeat, that if in this con-
dition of things the Democratic Congress
had passed, and Mr. Cleveland had APP
proved d bill providing fDT~7the fT5e coin
age of silver at the legal ratio Of sixteen
to one, every dollar of gold would have
gone cut OF circulation in twenty
hours, and every paper and silver dollar
would have dropped to a discount and
then indeed would financial wreck have
come to both government and individual
alike
Sman-sized Republican statesmen" are
going over this territory piping out the
bonds in war and Democrats in peace;
when if they would read the press OF
the country they would find mat the
greatest Republican statesman in the
country advised Che president to this
course and said it was a duty imposed
upon him by law that he could not es
cape; and more than this, that President
, | Harrison during the latter part of hi;
term, by his secretary, Mr.. Foster, haC
prepared to do this very thing by hav'
ing the plates made to print the bonds
with. Not only this; but they would laarI
! that today, east of the Missouri river
the people without regard to politics
are Nv commenting Mr.. Cleveland's ac
, ton and praising him in the most full
some manner for saving the credit o.
the government, restoring confidence ah'
building up the heretofore stagnant IN
dustries, reviying trade and commerce
and, further, that they are pralslng th'
Democratic tariff law and saying, II th'
= country is just let alone as -Nr. LEY i,e
, land and the Democrats have PUT H. INA
in short time it will be in such COZ!
Ji4icn that something satisfactory cdl
2 he done with the silver Qu6SiloG. -.
There is a class of Republicans IN LII
territory who at no time, and ullder .l In
circumstances NN1ud 90 any ,dIianl ti1a
:, tbo1i'' crowd; they are like the flld .
sne who Went UP into the temple to pra
2 and thanked God that he was ,d not Nd d
: other mem and they nave il nF tbei
@vawp.' To defend the admlnlslrd1tio
AGAINST the assaults of these Peopie,
wcrld spend neither time nor ellort' 20
[ v-har | hear Democrats repeating tili
{ silly twaddle | lose my patience blecte
t to the high Office of president 10y ~
nartv and environed by the results q
almost a. generation of mlsrule; the uut
n of every Democrat is to holo up a.
t hands by encouraging acts ana Word I
G and to aid him in overcoming the trout
: ies with which he has had to content
Y instead of embarrassing him by unJus
n criticism. If there is a people IN III
tinted States that ought to give al an
encouragement to ar. CleNeldllu, a.
! the people of Utah. There are some idc,
- of history that may as well De "ilO'e
l now as later on.
v He was the first president of the Unite
: States who ever made a decent effort
r enforce the laws against polygamy' an
: while he did it with Christian splrl
he did it with such a firm hand that du
:, ing his first administration he deStroye
. the system and put this territory ON tL
road to harmony witt American N, cl WI
Il cation. thereby making possible the yer
Of condition of things that exists here t
ie day. Not only this; but when he cam
n INTO office the second time, he appointe
=. Morrncl..s to the highest and most impor
. art offices of the territory "a thin
,. which ND Republican president had ev'
. done) thus showing a broad PATRIOTS
fl by encoura ging the people and by man
Testing confidence in their profession
IT proved the enabling act giving statehoc
Il to the territory, and it yet remains ft
- him to complete eur full enfranchisemel
y as American citizens by issuing his Pr
ie clamatfon admitting Utah as a state in
, the Union upon an equal footing viii
e the original thirteen.
/. The Democrats of Utah, instead of gil
1;rr f5faie-