The Evening dispatch. [volume] (Provo, City, Utah) 1891-1895, 1895-01-31
PROVO CITY.
JAN. 81. 1895
PARALYZED.

The entire country was benumbed
the other day when Mr.. CleVeland's
message on the the finances was
flashed over the land. The situation
is about this: The country is long on
everything save money, money in COM
merce and money in trade. In this it
is short. The best business men of the
nation are agreed that there is far too
little money in trade channels to do
the business of the country with. We
have an enormous supply of provisions,
some of which must be marketed and
consumed within the next six months,
else the spoilings outright and the pos
sible deterioration must entail loss
upon the unfortunate holders. There
is q glut of manufactured products. to
s1ch an extent, indeed, that our man
ufacturing enterprise S are run Oh half
time or are closed or closing down. In
other words, we haven't half enough
money to enable those to buy who
would gladly do so, were the supply of
money sufficient to enc BILE them to do
it. Notwithstanding all this the pres
ident who is friend of silver" and.
per consequence, of the west, proposes
to issue $500, coo, 600 of gold bonds with
which to purchase and retire all money
of the denomination of SO 90 and up
ward. No measure of contraction yet
proposed was ever half as extreme as
this. 1t is an astounding PROPOSE
ton. Had we 5000 per capita the
proposition would still be very haz-
ardous one, but as it is. it is simply
ruinous.
The only remedy for the situation is
more money. In the face of this
plainly discernable fact the presi dent
cody sits down and penns message to
congress, which, if acted upon, must
inevitably reduce the volume of
comeataole money fully one-half.
The simple fact is, we are
sold out. The country is to be
utterly ruined to enrich the rich still
farther and reduce the poor to actual
beggary, if the reckless men in power
in Washington can accomplish it by
any means in their power. If the five
hundred millions asked for is granted,
we repeat, the knell of silver is
sounded. The era of contraction will
have commenced, in truth. A money
market contracted to more than one
half less than the present meagre sup
ply, will be the first result. 1t would
prove the bosom of destruction to the
entire west and south AMI would bank
rupt twenty-five of the forty-fve states
of the union. The middle and eastern
ststes would grow fat and rich on the
poverty ard distresses of the west and
south.
We trust that congress will for once
and all sit down upon this monstroue
scheme with an emphasis which will
ring down the arches forever, warn
ing to all TRAITORS of whatever class or
party, who propose, to sell out the ma
tion, the nations poor and the COM
merce Of the people for mere mess of
potage like this. Note how greedilY
Chicago and st. Louis jump at the sug-
gestion. These two are western cities.
Would now that San Francisco had
better record on silver than she has.
She would gain all that they will in
eVitaby lose, as soon as this scheme in
all Of its enormity is fully understood
by the people. When the day does
come that the people fully under
stand the proposition to rob them in
this way, it will be very difficult to re-
strain them. Revolution will surely
occur if the wicked robbery is success
full. For shame that a democ attic
president has lived to project such
sham and urge it upon the acceptance
OF democratic congress.
Our only comfort is that there are
brave men in both congress and SEN
ate to combat this spoliation. We care
not for the issuence of the five hundred
millions in bonds, but we do care that
this issue fasteDs the gold standard
upon us inevitably and for ave. 1t is
true that the issuance of that sum in
bonds would be felt as present and
temporary relief in the present strin-
gent condition of the money market.
but when we reflect the uses to which
it is to be put we draw back abashed at
the reckless roguery of the whole pro-
position. Those who buy bonds will
not turn Immediately and sell them.
They will be bought by the rich, those |
who have enormous sums of money
now lying in the vaults, ,and they would |
be, as money to the industrial masses,
as completely lost as if they were to
be burnt. But the money for which |
they are to be sold would also be lost, |
because it goes to retire the meagre
supply Of notes we have, which is al
ready by far too short to keep the
wheels of our commerce, and manu-
featuring enterprises in motion.
Vigorous, strong and earnest pro-
tests should go to Washington evely
instant until there shall be no vestige
Of the cruel suggestion left in the mind
Of auy representative of the people in
congress or in the government anv
where.