The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-05-03

a conventional after-dinner address to
do more than touch upon the senti-
ment C'currency'') which has just been
announced, and to which am asked
10 respond. I shall therefore content
myself with giving expression to such
general views as seem to me to be
pertinent TIC a single phrase of the
currency question, as it today engages
public thought and commands the
peoples attention. -..-
Most Important.
am sure all will agree that it is the
most important problem with which
the executive and legislative branches
IF the government have now to deal.
and as such, demands that there be
brought to bear to its solution a states
manship as wise as it is patriotic and
as honest as it is wise. It involves too
great interest and is too far-reach1ng
in its effects to be considered from
any other standpoint than the desire
to reach such conclusions as Will work
out the best results to this land. in
which the wealth, the happiness, the
aspirations of every patriotic Ameri-
cca centers.
Its discussion has been precipitated
at time when the country is emery
ing from a period of financial and
commercial depression, widespread,
and of long continued duration. It
finds every avenue of trade giving evil
dence OF renewed activity; mill and
factory again in operation and agricul-
ture promising to those engaged in its
pursuit, abundant harvestS and APP
preciating prices. It presses itself
upon the laborer, now no longer idle,
but busy with the employment which
has come with the settlement Of Ques-
tionS which have long veXed the pub
lie mind and after ample demonstra-
ton of the ability OF the government
to maintain. untainted, the public faith
and the nations credit. If under such
circumstances the cause Of those
who stand against the schemes pro-
posed to rid by means of law, people
from making proper payment of their
just debts and give them riches
through legislative action. cannot be
sustained. the experience Of all none
tary history will be reversed.
"SOund oney.''
If this contest shall end otherwise
than IN the triumph of that which is
right in theory and sound in principle.
It will be because the American people
have lost much of that good sense
and honesty which d great writer de-
clared, though some time permitting
inischievous. always when the danger
point is reached brings forth a, mass
of opinions. which. though ordinarily
uuieScent, at such times forces itself
Snto activity. puts down the wrong
thing and peremptorily demands the
right thing instead.
1 believe we have come to a point
IN this discussion of our monetary sys-
tenn and agitation for a complete
change in our standard of value. when
this mass of opinion should not only
be aroused, but should make itself an
active force in putting an end to the
currency VagarieS of which the free sill
yer movement as today presented is
the elimination. If commercial and in
duStrial revival is to continue; recur-
ring loss to every citizen prevented;
nation and individual financial credit
and integrity maintained and ultimate
disaster aVerited, there must be no
longer a spirit of hesitation in those
who know the baneful effects of the
thing proposed. There can be no polit-
zeal ends to be served, no party con-
siderationS to be advanced of sufficient
import to warrant any man in long
debating rs TO the position he should
take when the financial honor of his
country is at stake and the prosperity
of great people threatened. Here at
least is no room for party and no
place for the Vaccinations of designing
The Silver Demand.
The american people cannot too
quickly recognize that they are in the
midst of a propaganda, Skilfully and
zealously being carried on with the end
in view of revelutionizing the cOuntry's
existing monetary system The : who
now direct the free silver idea, map
out the policy Of its advocates, and
control their action, have ceased play
ing with words and put from them the
professions which heretofore have
characterized their utterances when
urging the cause for which they have
stood. Their demand today, inter-
preted in the light Of their acts, Is
that the United States shall at once
abandon it's present standard of value
and substitute therefor irrespective
and without the cooperation of any
other country, single silver standard.
Nowhere is it suggested by the spOn-
sors for this latest tenet in the silver
creed, that this nation shall even
undertake to maintain at home a
doubie standard. Nowhere is there
promise given of an attempt through
International agreement to make every
dollar of silver which shall be coined
the equal in value of every dollar or
gold which comes in the mint and
fairly interchangeabl Herewith. They
no longer give recognition to the fact
ettested by every monetary union
formed and conference held that no
nation can isolate itself from those
with which it has commercial dealings
and maintain, Independent of them,
distinctive standard of value. 1t is nor
even designed that the dollar coined
shall approach in intrinsic value. this
value which it purports to carry, in.
stead ratio shall exist between coins
Of the same denomination which is
patiently incorrect and untrue.
Honest BimetaIIisIu.
The position which they now assume,
OF necessity eliminate from their
ranks, all who heretofore have strug-