Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1896-04-05
Denver REPLIES to New YORK.

The Denver Chamber Of Commerce
has issued the following address on
the money question:
To the people Of the United States:
The belief OF the chamber Of com.
merce Of the cit! OF New York AS to
the political duty Of commercial bod.
les and business men has recently
been made the subject of n manifesto
to which the Associated press has
given wide circulation. That dis
tinguished body, chiefly composed Of
the b%eneticiaries of gold mOnometal-
lism and conscious Of the widespread
dissatisfaction with existing comb.
tons consequent upon The Un>.ts ruuR
financial policy OF the HdlniniDtratiun.
appeals to commercial interests c"ery,
where to eliminate from IN" plat.
forms of both great parties tx only
issue before the people. This done,
the mischief it deplorcs will. in its
opinion be avertcd.
The chamber OF commerce Of tho
city OF Denver, equally concerned for
the general welfare and impressed
with the truth of its convictions, also
believes shat the time has come for a
movement ON the part OF all consum.
ers and producers to seriously ask
whether it is well to longer pursue IA
policy which has wrecked the pros.
perity OF the nation, added more than
S2G0,000.000 to our interest bearing
debt and reduced values below the
cost OF production, or return to tho
unrestricted use of gold and silver at
the lawful ratio as common money ot
redemption.
We must remind you that not a
single promise or prediction OF the
gold standard advocate has been veri.
fed by the logic OF time. 1t 1878 YOU
we're warned that government coinage
Of silver would debauch our currency
and drive out gold. While the prac.
tice continued money was stable and
plentiful, and gold flowed to our
shores i'll abundance. In 1890 Won
heard the same thing, but perceived
no monetary disturbances until the
treasury department was induced to
define coin to mean gold and spar
ity' degradation. In 1893 you were
told that the repeal OF the purchasing
clause alone stood between you and
reviving business; in 1894 the green.
back must be retired before YOU
could hope for Improvement, and then
only II the country would abdicate it's
note issuing powers to the bankers OF
the land. ~.AgitatiOn" is now assign.
ed as the curse of progress. and that,
too, must cease or the cause OF q self
styled honest money may DO de-
fcated.
We take issue with the assertion
that Il continuance of the agitation il
favor of the free coinage OF silver lias
resulted in an enormous or any cost
to the government, or that it stands
III the way of Il revival of confidence
and national prosperity. Public OBJ.
legations are payable in coin OF ne
standard value of July If. 1870. Con.
gress and attorneys general have OF.
iiciaily declared them to be SO pay.
able. Observance of the law by ad.
mInistrativc officers in the public in
terest would have made gold raids
upon the treasury impossible, bond
Issues unnecessary and bond syndi.
Gates unknown. Eastern investors
boarding grcenbacks to buy gold
and holding gold to buy bonds, have
left Southern and Western producers
nothing but To borrow and to circu.
late among their exchanges but the
bank note and silver certificate.
Nothing Stands in tho way Of conf.
dencc and prosperity" but the dealer
i'll public securities, who, deploripr
their issue. demands more of them,
those who believe the nation can OK,
pand only by lettering it's limbs, with
goli, those who would deprive tho
government OF its paper issues and
those who dcnounce agitation because
they fear it.
We are i'll full accord with tho sen.
timcnt that the time is past for any
halting or doubtful phrases to express
the meaning Of political parties upon
any public question. E~quivocation
willrot satisfy tho requirements Of
the hour. Tho issue il between the
producers OF wealth and the manipu.
lators OF exchange. Prosperity is i'm.
possible without u sufficient and n
stable money circulation. This can
only be secured by the FREQ coinage Of
gold md silver. BY destroying the
latter We have placed u bounty upon
tho stable products OF silver. using
lands and compelled thom to manu-
facturc for themselves. They arc
progressive; We are stationary. We
cannot improve our condition by
praising an houcst money that ia dis.
honest, or 10y donouucing n chcau
currency that is not cheap. We earn.
cstly invite tho GO operation Of oil in
tho cnor % convince tho people that
tho free coinage ot gold and silver il
tho primary essential to permanent
Improvement. and that the continued
degradation az silver can only benefit
u foreign competitors. tho lenders
the annuitants. the pusscssors " fixed
incomes; md must ultimately destroy
rs II now seriously Injuries the VOL