People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1896-07-10

OdlOAU' July IN DIS arrival
here this morning from Denver, Hon.
j. O'Donnel, one of the delegates
at large from Colorado, and who is
one OF the prominent lawyers of that
state, representing extensive Eastern
and European investors, found await
ing him d letter from n. W. Harris
q Co., the New York and Chicago
bankers and bond dealers, which was
in part as follows:
AFRAID TO INVEST.
alt has been our speciality for
many years to secure capital from
he East and from abroad to develop
the resources of the Wesi and South
We have thus invested over $40,
100000, OF which $777,000 have
been invested in the state of Colo
RADIO. Our experience in this line
mas gwen US exceptional opportu-
mites to know the attitude of the
Eastern and foreign investors con
corning the furnishing of add tional
capital for development purposes in
the sections named and including
your state. The Information coming
to us from individual investors, as
well as from large financial institu-
tons, confirms the report that any
considerable amounts of Eastern and
foreign capital cannot again, under
any circumstances, be brought into
the West or the South until there
are no longer any fears or apprehen-
sions regarding the country being on
a silver basis.
NOTHING BUT GOLD.
'In our opinion any other line of
policy than one in favor of the main
tera1ce OF the present gold stand
ard, aud against the free coinage of
silver, whether at the ratio of 16 to
/, or in any ratio whatever, until
fixed by international agreement,
will indefinitely delay the return Of
prosperity, and especially to the
West and South, where new c1pital,
only to be obtained from the East
and abroad, is so much needed for
the development Of the eountry's
natural resources. The adoption Of
a gold plank by the Democratic ma
tional convention would have the ef-
feet of Immediately restoring bust
ness confidence and reyiving COM
mercial activity
To this Mr.. O'DonnelI this after
noon sent lengthy reply, in which
he said, among other thing:
o'DoNNELL IN REPLY
"Your draft upon the principle,
patriotism and integrity OF Democ-
raey must be refused. You cannot
purchase the sovereign right of the
people Of Colorado to take that part
in the government of the public
guaranteed them by the constitution,
for S777,000. A publication Of your
boosted total investment in the West
and South of $l10,000,000 will not
srva in this year of our Lord to
swerye the Democracy OF the sec
tions one iota from the straight path
of duty. The government of this
country has been left too long In
the hands of bankers and bond deal,
ers. The people have concluded to
take possession Of their own again,
and if any additional reason were
needed to justify that decision, it
would be furnished by such letters
as yours. We may as well learn this
year as any other whether We are
free or whether You ard the people
you represent are our masters. The
interest on your $l10,000OOO and
your $777000 will go right along
whether the sun shines or not, but
we ara now prooaiming a new dec
Iaration Of independence, to wit:
CAN GO 1T ALONE.
"ThSt these United States can and
will manage their financial and
other domestic aft airs without the
consent OF any other nation on earth,
and to that end that the government
of this nation can and will receive at
its minis for coinage into lawful
debt paying, full legal tender money,
both gold and silver at the ratio of
16 10 /, without Discrimination or
charge for mintsge and Without
waiting for or asking the consent OF
a,xv o+bo. nation n d. On