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

ing in its place the single standard of
gold. was devised in the interest of a
r1onied combine foreign to its origin,
and clandesunely imposed upon our
people. It has resulted in doubling the
purchasing power of gold and reducing
by one-half the price of the product OF
labor thus continually increasing the
weight of debts and taxes and dinin-
iShing the power of debtors. to pay
them resulting in an inteTminable bust
ness embarrassment, business failures
and bankru rtcieS 1t has robbed in
dustry Of its legitimate profits, sacri-
ficing the producer to enrich the nom
producer. It has imperilled business
enterprises, paralyzed the productive
energies o. the American people and
forced vast numbers OF willing workers
into idleness.
1t is fast reducing American farm
ers from such condition Of independent
ownership to that of homeless tenant
ry, while building up colossal fortunes
in our money centers thus threatening
the foundation of American inStitu-
tons.
Nor can prosperity return to US
while these conditions exist but on the
contrary, times must grow worse as
gold continues to increase in value and
prices continue TO fall as they must
TO the continuance of this policy
advantageous to creditor nations but
ruinous to US, we are unalterably OPP
posed and we declare for a distinc-
lively American policy for Americans.
And to this end we demand the i'm
mediate repeal of the iniquitouS act
Of 1873 and a return to the constitu-
tional standards of gold and silver by
the restoration by this government in
dependently of any foreign power, of
the unrestricted COMA ge OF both gold
and silver into standard money ait the
ratio of 16 of silver to / of gold and
upon the terms of exact equality exist
ing prior to 1873; the silver coin to be
a full legal tender equally with gold
coin for all debts and dues public and
private.
I'VE hold that the power to issue
and control a paper currency is insep-
arabic from the power to coin money;
and demand that ali currency intended
to circulate as money should be issued
and controlled in its volume by the
general government only and should
be legal tender. We are opposed to
the retirement of the greenb ack cur
rency or to the contraction Of the cur
rency in any form. We are opposed
to a permanent national debt. We are
opposed to the issue of interest bearing
bonds in time of peace, or at any time
except by the explicit authority of con-
gress and we especially condemn as
unstatesmanlike and unpatriotic the
policy of creating an endless debt in
the vain attempt to maintain the gold
standard by borrowing gold.
I'VE demand the payment of all coin
obligations of the United States in ac-
cordance with the laws under which
they were created in either gold or sill
yer coin, at the option of the govern
ment and not at the option of the
creditor
We affirm that revenues sufficient
to meet tine necessary expenditures of
the government and gradually eXtin-
guish tn national debt should be raised
without borrowing.
Customs duties have ever been our
chief source Of revenue and such they
may continue to be The protection
tariff afforded TO American producers
should be extended to all industries
alike and nos to few only; and
should be made TO benefit labor and
not to foster monopolies and trusts;
but no tariffs can prevail to keep prices
under a gold standard.
And now knowing our couse to be
just and believing its right settlement
must precede all other reforms, we
appeal to the people of our common
country to be held in allegiance for the
moment. all other issues, however i'm
portant they may appear, and unite
in a supreme effort to free themselves
and their children from the tyrannous
domination Of money power-a power
more destructive than any other which
has ever fastened itself upon a civil
lied people"