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

to do it? Suppose you have a house;
is lit worth any more, is it any different
house, whether it is worth two tnouS-
and silver dolaars or one thousand gold
whole dollars? (Applause.)
IF you want to count your house
with more dollars why not cut the gold
dollars i'm two and measure it by gold?
Are there any more potatoes in 1000
pecks than there are in a thousand
bushels? If l remember. my arithmetic
right, and perhaps 1 don't, your house
is the same, your farm is the same, it
produces the same result.
'Oh, but you say, our prices have
gone down and they have gone down on
account of the appreciation of gold.
and, therefore, we want to change it
into silver SO that it will go UP again.
Whether
GOLD HAS APPRECIATED OR NOT,
1 do not suppose that any man knows;
but whatever this appreciation has
been, it has been a long time doing it
and its effect upon prices, in my judg-
Gratis talk about the fall in prices Of
cotton and wheat because gold has
appreciated in value. My friends, ev-
cry one in this country, even the farm
ers, are liable TO meet with some
trouble in their business. More people
go into the business and the profits Of
the business decrease because there are
SO many to divide them. Why has
wheat gone down? Not because the sill
yer was de1noneeized, but because Rus
STA and Argentine Republic are rails
ing millions of bushels of wheat and
they can sell ii here as cheap as our
farmers can. Now, we will always have
money, even if we
DEMoNETIzE EVERY DOLLAR OF
COLD
and silver in the world And we may
have silver money, perhaps, but are
you amy better off il you have your
property reckoned in half dollars as it
Will be ON a silver basis, rather than
in dollars as 1T is ait present? No; We
don't want silver because the road is
a thorny one to travel and after you
travel it, lit will be still more tIIorny
and rough
''Credit plays a great part in the
silver question. If your merchant buys
goods from England you will find that
credit SmountS 10 a, great deal and ON
a solver basis we wild pay a big sum
for This credit. This; is why merchants
do not want a silver basis. They say
on a silver basis it will scale down our
debt one-half. Would you do it and
deprive the man you owe of one-haaf
of what you owe him? Shall the ma
ton do it? L say no; and not from
sentiment do 1 make this statement,
but from
A Selfish REASON.
We must preserve our credit in the
world and if we do adopt a silver
basis we will ruin it the world over
We want no silver basis TO help us out
of THESE hard times, because the silver
basis is dishonorable. Distrust- brought
ON thee hard times in 1893, and hard
times will last until we turn down these
silveritas, and when we settle this thing
for good and all in November we will
hear no more of hard times
Following Mr.. Reeds speech the COM
nlittee on resolutions reported and the
convention adopted a strong endorse
nerlIt of the action of the St Louis con-
vention, pledged loyal support to Nc
Kinley and Hobart and the candidate
for governor, Llewellyn Powers, and
closed by pledging the First district to
make Mr. Reeds election as nearly
unanimous as possible.