The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-07-04
WALL. STREET WARNING.
Free silver VIII Prevent 1nyestment
0f Eastern Money In the West

chicago, July 3.-On his arrival here
tnis morning from Denver Hon. II. j.
Donnell, one OF the Delegates at large
from Colorado. and who Is one of the
PROMINENT lawyers of that State, repre-
senting extensive Eastern and European
investors, found awaiting him u letter
from n. w. Harris & Co., the New York
and Chicago bankers and bond dealers
which was in part as follows:
1t has been our speciality for many
yoaIs to secure capital from the East
and from abroad to develop the re-
sources of the West and South. We
have thus inVenSted over s110, 600 600, Of
which $775.000 has been Invested in the
State of Colorado. Our experience in
this line has given us exceptional oppor-
tunities to know the attitude of the
Eastern and foreign investors concerning
The furnishing of additional capital for
development purposes In the sections
named and Including your State The
Information coming TO us from indiyid-
ual investors, as we'll as from large iinan-
cial institutions, confirms the position
that any considerable amounts of East
ern and foreign capital cslnno, again un-
der any circumstances be Drought into
The West or the South until there are no
longer any fears or apprehensions re-
garding the country being on a silver ba :
SIS. In our opinion any other line OF pol
Icy than one in favor OF the maintenance
the flee coinage of silver, whether in the
ratio of l6 to l, or in any ratio whatever.
| until fixed by international agreement.
VIII Indefinitely delay the return of pros
per.ty, and especially tho West and
South, where new capital only to be OBJ
,afned from the lEast and fiom abroad.
Is so much needed for tire developments :
OF the countiy's natural resources. The
adoption OF gold plank by the Demo-
| cratic Nationa Convention would have
| the effect OF immed dla;ely restoring bust
ness confidence and reviv!ng commercial
| activity"
To this Mr.. ODonnell this afternoon
sent a lengthy reply. in whloh he said
| among o.har things:
Your draft upon the principle, patriot
Ism anu integrity of the Democracy must
| be refused. You cannot purchase the
| sovereign right of the people of Colora-
90 to take thai part in the government
oi me repnoi.s guaranteed them by the
constitution for S77T,000. A duplicate ion
| or your boasted total investment of
Sll0,O0O,0 600 IN the West and South Will
not serve in this year of our Lord 10
swerve the Democracy of these sections
| one iota from this straight path of duty.
me government OF this country has been
| left too longs in the hands OF bankers
and bond dealers. The people have con-
cluded 10 take possession OF their own
again, and II any additional reason we; O
needed to justify that decision It would
be furnished by such letters as yours.
| We may as we'll learn this year as any
other year whether we are free or wheth-
er you and the people You represent are
masters. The interest on your sllO. 600 900
and your S117, 900 will go right along.
whether the sun shines or not, but we, a re
now procla!mtng a new Declaration of
Independence, to wit: That these United
States can and will manage their fnan-
cial and other domestic affairs without
the consent of any nation on earth. and
to that end that the government of th;.
nation can and will receive at its mints
for coinage into lawful, debt-paying and
full legal-tender money both gold and
silver az the ratio of l6 to l without dis
crimna;son or charge for mintage. and
without waiting for or asking the con-
sent OF any other nation so to do.
1t may be added that If any III shall
hereafter result TO the credit OF classes OF
this country by reason of the agitation
for the restoration TO this nation of that
sovereign prerogative always claimed
and exercised by civilized people who
are not dependencies, it will be the result
! OF threats and coercion SO thnly yelled
in the letter to which this is a reply. and
not to the offspring of any act of those
who believe with me-"