The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-01-09

Omaha. Neb., Jan. S-The Jacksonfan
club, the leading Democratic orgaa1iza-
ton Of the state, celebrated the eighty
second anniversary of the birth of aheir
patron saint by a banquet at the Mercer
hotel tonight All the notables OF the
State Democracy were present. Ex-Gov-
ernor Horace Boies. of Iowa, was the
principal speaker OF the evening. Ex-
Governor Beies turned his attention to
the currency question. and said:
Some effort, IT is true, has been made
To establish the free coinage of silver, at
the old or same ratio, but this kicked one
of the essentials outlined by both par
ties, .to-wit: Proper legislative safe
guards to maintain the parity Of The two
Metals.
TO say that no legislation beyond an
act authorizing the free coinage of sill
than that which represents it's CONNER
cial value with gold, is all that is nece5-
saIy to preserve their parity when coined,
is to assume what is not proven, and to
would not have that effect is the state-
ment of "a proposition equally ulrsup-
ported by any dffrlonstrated fact:
The coinage of the silver dollar, for
use in the ordinary business of the
masses would, l believe. then become
self-regula ting. Whenever the volume
reached a linst beyond which it could not
be used, its further coinage would cease,
because of the want Of the demand for
it and up to that limit. it would continue
because under the plan | am trying to
outline, less bullion would be required to
make 1T than is equivalent, in larger sill
yer coins of the country.
This being done, believe Congress
will then establish ratio between gold
and silver, at which, in the judgment of
conservative men, friendly to the free
use of both as money metals, their parity
would be likely Ito be maintained. ! know
this could not be accomplished, except
Through a compromise Of equally honest.
but conflicting opinions.
"a ratio being established, Congress
should then provide for the free uinting
sof both gold and silver into coins OF the
denomination of S. SO and $50; and should
provide that upon the deposit of either OF
these COINS. or their equivalent in bullion
of either metal, in the treasury or any
of the sub-treia suries of the United States,
the government would Issue coin certfh-
Gates, redeeming them within a specified
number of years. at The option of the
government as to the time and payable
in gold or silver at the ratio establish
ed. at the option of the holder of the eer-
I'm the whole field Of national politics
there is. in my Judgment. but one qlies-
tion in sight that is of sufficient import
ance to arouse the masses.
If the next national Democratic con-
vention will discard political attitudes of
every description, commit the party I'M
equivocally to ratio at which gold and
silver shall be equally and freely coined
and point ont in explicit terms the legis-
latio1 that should be adopted to preserve
the parity of the two metals and do this
in a rational and reasonable way, the
masses of American voters will come to
the aid of the party thus committed, the
Democracy will again be triumphant. II
it fails to do this, changing circumstances
or better judgment than that of my
own must reveal the issue on which it
Cam succeed
A letter of regret was read from Hon.
". ]. Bryan, who was unable to De