The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-07-08

the contraction of the price OF lana
and manufactured goods, and all KINDS
Of agricultural and mechanical pro-
duce has fallen, but taxes and DEBTS
have grown in burden, while on the
other hand the means of their 1qulda-
ton mas been dismissed In the mean
time, gentlemen, the commercial fal1-
ures have progressed
WITH DEVASTATING EFFECT
north, south, east and west in this
nation Dividends on bank stock have
shrunken; three-fourths of the railway
mileage Of the United States is now
in the hands of receivers, and the
country has received a shock from
which it will take years to recover
Yet, in this distressed and contracted
condition, new-fedged monometalilsts
ask US to declare for a gold standard
and wait for relief upon some ghostly
dream of International agreement
But people now too well know that
the conspiracy of European monarehs.
led by Great Britain, has purposes OF
aggrandizement to subserve in war
upon American silver money, and
stand in the way of such an agree
ment With their credit they seek to
enhance the purchasing power of the
thousands and millions which is
owing them all over the world, and
which you owe them. They draw upon
the United States of America Tor
their food supplies and raw material
wheat, corn, oil, cotton, iron, lead ana
other like staples-and seek 10 get
it fer the least money. Besides TINS,
Great Britain has large gold mines IN
South Africa. and South America, and
by closing the silver mines has greatly
enhanced their products and their
values. The recent British aggression
in Venezuela and in the settlements
of South America was moved by a
desire to possess more of these gold
mines, and by monopolizing the metal
as far as possible, to assert British
commercial supremacy over the world.
No nation calls itself free and indie
pendent that is not great enough to
establish and maintain nnancldl
system of its own. Great applause).
To pretend that this, the foremost,
richest and most powerful nation IN
the world cannot coin its own money,
without suing for international agree
ment at the courts of European auto
Gratis who have none but primary IN
terests 10 subserve, has for many
years been held out at every presi-
Dental election. They have made use
of such argument and we never, In
all our history, had an international
agreement upon a money system ana
none of the founders of this republic
ever dreamed such an agreement was
essential We have had three inter
national conferences in order to OBJ
tain it, and to wait longer upon them
is to ignore the interests of our own
people and degrade our national dig
nity. and to advertise to all mankind
our impotence and our folly Inc
concession that comes from the gold
standard mem of all Europe for a
restoration of the double standard is
the only
SOLUTION OF FINANCIAL Diff
CULTIES
that we can find in the outlook before
u.s. The declaration of the English
premier and French minister and the
Russian government, which have re-
Gently BEEN expressed, shows that, if
it succeeds at all, it will succeed
against the sinister power of auto
cracy which has been used against it
international agreement for the res
toration of the metals to an equality
would be bond of mankind which
would enable us to regulate the value
of money and bring the two metals
upon a parity. Alexander Hamilton,
the great secretary of the treasury
under Washington, understood this
question. He framed the first financial
act of this country, which was passed
in 1892, fixing the unity of our cur
rency upon both metals, for the double
reason: First-That to exclude one
would reduce it to mere merchandise,
and the other, that it would involve
difference between scanty and full cir
culation.
Thomas Jefferson knew this when
he endorsed the work OF Hamilton,
and George Washington knew this
when he approved it.
Daniel Webster knew this when he
declared that silver and gold are legal
standards. and that neither congress
nor any state has a right to establish
any other standard or displace this one.
General Grant knew this when he
| looked to silver as a resource Of pay
ment and found to his establishment
that a Republican congress had de-
! monetiZed lit and he himself had I'M
Willingly signed the bill. The whole
/ of the United States now know this.
] and they know. also, that if they
would free themselves they must
strike the blow. Cheers.
The majority of this convention 1
have the honor here to represent. main
tain that this great American nation,
| the natural base of a fixed empire, the
greatest ever established by man, with
more territory and more productive
energy than Great Britain, France and
! Germany combined, without depen-
I dence upon European nations for any
/ thing they produce and with European
nations dependent upon much that We
produce, is fully capable of restoring
this constitutional money system of
! gold and silver at an equality with
each other (applause), and as our
fathers in 1776 declared our national
independence of all the world, so to-
day has the great Democratic party,
/ founded by Thomas Jefferson, the
author of that declaration, appeared
here in Chicago to declare the finan-
cial independence of the United States
of all other nations, and to invoke ell
true Americans to assert by their
SURFACES at the polls, that our country
may Sc placed where she by right be-
longs, as the freesjt and foremost, as
well as the most prosperous and hap
piest nation that ever blessed the life
of mankind upon this globe.
TILLMAN ACTIVE.
During the progress of Mr.. Daniels
speech, Senator Ti1lman of South Car
DINA and Senator Jones of Arkansas
moved around and conferred with the
silver leaders of several Of the dele
cations. Governor Altgeld Of Illinois,
Governor Stone of Missouri. Senator
elect Money of Mississippi, Senator
Blackburn of Kentucky and others
were consulted. The gold leaders
awaited the next move Of the silver
men with seeming imperturbability
When Mr. Daniel finished and an
nounced that the convention was
ready for business there were loud
cries for Hill The New York senator
sat quietly eating a sandwich, and
showed no disposition to respond. Sen
ator Jones of Arkansas announced