The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-04-17

the case now stands your crystalline
ton and combination of the sound
money sentiment, which you say Is
abroad, might confine it to the banks
and money chambers and have the
people of the United States outside of
the charmed circle of the forces of gold
monometallists. Whatever may hap
pen you are entitled to the gratitude
of the American people for your bold
and open advocacy of the combination
of gold recommendation against the
doctrine of our secretary OF the treas
ury, of the coinage of both gold anG
silver upon terms of exact equality.
Your recent sale of $62.00O,0oO OF
bonds to the Rothschilds syndicate for
SO 100000 less than their market value
10 obtain gold TO maintain gold mono
metallism is some evidence of your
familiarity with the forces of SAFE
currency but your assertion that OPP
posing forces are those of silver mono
metallism shows that you 90 not
understand the position of the bimetal-
lists, or that you, knowingly, mis-
represent their position. Assuming, as
l must. ii is the want of information
on your part, without the least desire
to deceive the PEOPLE, you will pardon
me for Informing you for what the
advocates OF unrestricted coinage or
both gold and silver contend.
This contention is so clearly stated
by your secretary of the treasury, Mi.
Carlisle, in his speech in the House OF
Representatives of February q, 1915
that his exact words have become the
motto of the bin etallists. He con-
tended for unlimited coinage OF both
metals upon terms of exact equality.
This is the contention of the forces in
favor of himetallism, and opposed to
gold nOnAnl = lliSn7 and This IS the
full extent of the demands of the ad-
Vocates of silver coinage. Why do
You argue that a return TO the coinage
OF both metals upon terms OF exact
equality as established by Jefferson
and Hauilton ana maintained by all
patriotic statesmen of every party
previous to the clandesti1e demone-
tization Of silver in 1873, would debase
the currency and destroy the credit of
the. government? Have you ever COM
pared the prosperity of the country
under your illustrious predecessors,
who maintained unrestricted coinage
of both metals, with the misfortune
and depression which affiict the
country under your administration?
Did it ever occur to You that Jeffer-
son and Jackson might be right and
that you might be wrong? Did you
radical change thai Mr. Sherman and
your associates in cooperation with
what you term "the forces of safe
currency" have made?
Teachings of the Fathers.
You have disregarded not only the
teachings Of the fathers Of the re-
public, but you have reversed the
Usages and customs of the civilized
world, which existed for thousands of
years previous to 1873 You have des-
troyed one-half of the worlds metallic
money and enhanced the value Of the
other half fully 100 per cent. You
have compelled the debtor to surren-
der more than double the amount of
the property TO liquidate his debts
that the money he borrowed would
nave purchased at the time he incurred
the obligation. You have increased
the value of gold by refusing the use
or both metals as money and created
a constant decline of prices until you
ruined enterprise, deprived labor of
employment and produced universal
distress. You now call upon the Demo-
Gratis Of Illinois to present ga plain and
simple argument which will satisfy
the people that a financial policy which
makes them miserable is Sound
money and safe currency" If Won
KNOW such an argument why do YOU
not produce it?
IL you know ar argument that will
convince the people that it is right fo,.
them TO suffer depression and hard
times, while all the wealth thew pro
duce is absorbed by the dealers i'm
ponds and The manipulators in money.
II Is your duty 10 present that arer-
ment without delay. Such an ars7I-
ment would be a new discover snd
one never before used by an advocate
OF VnIIr sound monev fOroa-