Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-08-13

and bind if,m tl tho effects % gi.u
stan ard upon 0.hrf.. shall SEX yJI
tD consider Cue lsn Eua ru OF twl ruut'e.
men whose long public tefvi,e aud
high standing la tue party 20 which
they belong viii project them from ai'
yofst cfill s.Hm HV ont opponents.
"ln 1859 Senator Sherman al 4.
tTbr contraction VI The currency b q
far mote distressing operation than
sennion ElpIlso. Our own and other
nations have rome through that opera
lion before. ttis not possible TO take
that action without the sotcst distress
10 every pefu1u. except capitalists out Of
debt or HalHfIei ilCefB or bnnultauts.
II ian period 0i .Isf, daurUf, lAsFltule
% kade, fall 70. vtgrs, fusuensi1n oi
enterprise, bankruptcy auI disaster. 10
means fliu o. hlI runlFrs wnuaa debts
are twice their Huallula capital, though
0uc-ihifd le.r than tnrir aciual prop.
criy. 10 mrara r. ihll OF all agricultural
production without auy great reduction
0i taxes. What prudent mau would
tHfo 10 builu % hUIaH, railroad, factory
~ barn without iIH gofiain fact before
him2
"AsIhave naId br' fr. the salafltd
ciilcef referred o. MUS. bu j. mau whose
salary IA nHeI Coz lI.u, and not man
WHOSE salary Ur.ruIH upon business
conditions. when 90. sherman de-.
aofibos the c1uffaHlIU OF the currency
as dlsastflus 90 aI. people except oapl.
laliath out UU.I aHi those who Stand
in positions HuIIIHt He h stating n
truth when muH. hH apparent o. every
person who wlIIrIvU Zoo mhttef care.
fol considerable. Sic sherman was
10 that time HHHHH.Hg Ui the couifuc.
ton Of The v.Iuu OF fapur currency,
out tho principle uHlUh DO set form
spHllgs " tlufH Do cIuuac'l0n Of tho
v5lumu 10 tlauIHfJ money OF tho
wHfIi.
"hiE Carlisle discussed the same
principle iu connection with tho dc.
m1nuuzaliln u' HIyoL Speaking Ia
tho lDuaa of Repre- ihiiros Febru-
afy Z. 1876, ho saI.i u believe the
struggle nov going Un 90 this county
anu other C8uuluUH Tor single go q
standard would, U suyc aiul, produce
widespread disaster no aud throughout
tho ulmmafulsI Wufll' the dsstruu.
ton " silver as money aui the estab.
llshiug 0i gold ns tue h1Io unit OF value
must havu fuInlus tiisct sli forms
% tfofcfty except these lnvratnunti
which yield htri return In money.
rbusH have been enormously enhanced
In value, aud would gala a dispr0pof'
tlOnalu anu unfair advantage over
other properly. 10 30 strange that
holders M investments which Yield y |
hNeI folufu iu money eau regard the |
Destruction OF silver with cgm'
phosncy.
"if tue relative faw whose wealth |
consists largely boo nztl lave tmuns |
have hight o. ufc thu ballot 10 on.
hancu tho values 0f ihtif Investments, |
have not the tUEt 0i tho people lhu light |
20 use tho ballot 10 Protect themselves
from the diaasifHus consequences % o |
rising ttaudhfl3 People who mubl |
purchase money win the products OF |
toll stand Ia O. aillon entirely diiior. |
oul from the pnHli.Ul Oi those VINO own |
money rfgctiyc o. dEri income. Tue |
" ull.bslng o. tho uali1u, ngu, Of civ. |
ilizatiUn lisulf depends on the proc.
ptfiiy Of tho masses.
WHAT SHALL ir rHoFfr us7
"what shall % profit W. to have
dollar which ptUWB more valuable /
every day " such dollar lowers the |
standard % civilization nui brings /
distress 10 tho rtOpltg Want shall d /
pr0n. usi n Ia Tying ~ raisr OUT credit /
" increasing tho purchasing power OF 1
our dollar We destroy our ability 10 pay /
tue DEUS already contracted Oy lower |
lug tho purchasing power Of products
wiz which those uclts muni be- paldl |
10 70 IL asserted ~ % constantly n o.. |
trflHu, that . gold standard viii enable |
~ 10 borrow more money from atf al, |
i reply that tho frat0fatiuu VI b.. |
meIAlium Will restore parity between |
money aui property, AMI thus permit |
an ora OF property which will onallu |
Tue American people 10 become lend. |
cu ul money Instead OF perpetual
Borrowers. Even " We desire 10 Dor. |
row, how long can We continue Dor.
rowing under bysicm which, ny low. |
oriug tho value o. property, wuhkons |
.hu foundation upon which credit |
icsts2
"Eysn n holders oi nEed invest. |
mouisi though they gain an advantage |
from tho appreciation OF the dollar, |
certainly 200 tue Injustice OF ltglsia. |
iiun which gives them this advantage |
9vur those whose iuC1mtH uopoud upon |
We value OF property aud holders of |
n1uu inytaimuuh. appeal 20 |
them 20 consider the Interests OF |
We l1 MT live Tor /
outtriyus alone. Our labor, OUT
auu our anxious uafc--aIl |
ihttU hfr Cor th1Fo VINO afu 10 come |
alter uH a1 much on Tor cutfniyef; but |
We cauu0i project our children b.y0ud |
mo period VI our lives. Lot tnVtr who |
afo now experiencing advantages from |
4 Vicious uuanciai system remember |
nat lu Year, 90 Gene their own chill. l
lten And their chillteu'a children may, |
through the operations OF this same |
'yelom, pay tribute 10 those they |
Sroug t0luy,
A CLEAR DEMAND.
As ugaiuHt tuu maintenance OF the
goll siauuatd, either permanently OF |
until other nations ohn b. uuitpu flf