Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-07-21

bling the demand Tor tho samu, rnd
doubling the demand VI necessity
doublls tho value thereof This grad.
ual shifting 10 gold Of oil the burdens
Of both gold aud silver has cAueed =
gradual aud steady incrsaso In the
value OF every dollar Tedgomahio In
gOll, and hence GRADUAL ami steady
decline In tho value OF every COM
mOiity that IL measured by that dollar.
Tho representatives. and tupp0flors
Of Mt. Mckinley consented ~ the ~.
surtion ia the 81. Louis platform OF the
gold standard declaration, thlnly
venuerld ny declaration for bimttal.
Ism "whUn tho leading commercial
nations Of the world should consent"
but until that consent was secured tho
gold standard must be maintained. IL
is well known that this consent cannot
be secured from Great Britain, aud
that such declaration for bmetallsm
means nothing with this limitation
upon II. Mr.. Mckinley consented TO
the declaration Tor the gold standard Ia
the Platform, and IN bis speeches
has accepted II and has bocOva the ~.
vocnto thereof, no has toown by
his speeches heretofore maue that
no Understood the danger OF thH
gold standard aud tho distress
which would be Inflicted upon the
American people by It's adoption, and
yet he pledges the people ~ support
aud maintnin that system, and iasten
upon them all the evils Of the financial
system which he has heretofore repu'
dated, II they will make him ffuai.
dent. Whatever may have been his
attitude on tho money q Isstion Ia tue
phst, ho must inevitably hereafter sup
port the same financial system that the
pfOsont Democratic administration haF,
anu u elected must continue the policy
Of Mr.. Cleveland Ia the sale OF bonus
In timo Of peace. Hence, with the
success OF Mf. Mckinley We mhy look
for n continued increase OF the public
debt and the sale VI bonds 10 maintain
the gold staudatd.
That the condition OF tho county IL
not satisfactory, oil admit. The pro-
ducuts OF wealth are not receiving fait
and proper consideration for thcif L..
Dor, whether In field, factory or mine;
onterpfl1o has ceased; discomfort anu
distress prevail ~ an extent never be.
foTo known Ia tho history o. THIS
country, nnd no reason can be found
for 1uOh au unhappy condition save Ia
a vicious monetary system. Ihoso
who profess to deploto tho present
financial condition aud oppUs, the Tree
coinage OfHilver are divided in opinion
~ TO the cause OF tlu pfuauut
condition, Some declare that u
IA because wO have too much
tain; others that we have not enough;
while tho fact exists that every gold
standard country In the wnrlu, whslnof
Il has high 1f u low tariii, IL now anu
has been curing Tccolt years IN tho
tnroos Of nuanclAl panic; and every
silver standard county, compared
with it, former condition, 10 enjoying
nu industrial development and degree
Of prosperity hitherto VI kuOgn In lie
history. While thus differing 10 Opiu.
ion, they unite In asserting that the
gold standard must be maintained
until foreign Countries thali signify
their willingness that the American
people shall exercise the rights Of free
men aud create financial system OF
their own. 1--we overlook the humili-
alton sui degradation we must feel On
account VI such declaration II inan.
cial dependency, We may well inquifo
when thu consent OF the leading com.
mrrcial nations will DO obtained.
No Que who has read tho proceedings
OF the three International monetary
conferences that have already been
held, or who has examined the im.
practicable propositions presented nj
those conferences, eau for n moment b, :
lievu that any International nlmetall 6
agreement can ever 10 made with the
consent OF all "tno leading commercial
nations Of the world" When will
Great Britain, controlled ~ shs isRuJ
ever viii be by thu creditor olassbs,
who collects vast sums OF money for
! Interest duu her and her citizels, whu
buys Of un annually many more mil-
| lions than she sells 20 ", anu whose
interest II u 10 make the pound sterling
/ purchase aB much Of cur products ~
possible, consent that We shall be
| financially independent ~ We are sup,
posed to be politically independent
When did this creditor classes OF Great
Britain ever give up or Ia any way
/ yield an advantage such no they nov
/ pOsscss through the maintenance OF the
/ gold slnndarJ2 There IL 20 hope foI
International blmetalllsm until tb,
| United States shall establish bimotal'
lem Tor ilself, AMI when that IL done
| International bimetnllitm may he re-.
cured without the oontenl Of Gfenl
Britain. Ths United States on all
other subjects OF legislation acts INDIE
pundently ~ huy other nation on
earth. by what process OF roaslnin
Is ils right. authority or ability TO legis'
latg upon THIS, tho most Important