New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-04
CAPITAL AFRAID OF FREE SILVER

THE LETTER or A BANKING FIRM TO COLO
RADIO DELEGATE AND HIS REPLY.
Chicago. July s-On his arrival here this morning
from Denver T. J. ODonnel one OF the delegates
at-,arse from Colorado and one OF the prominent
iawycis OF that State. representing extensive East
err and European investors found awaiting him
letter from y. W Harris & Co. the New-fork and
Chicago bankers and bond dealers. which was in
part follows:
It has been our fOf many Sears to to &C.
have thus invested over Nl0eC1e0. OF which 1880
experience in this line has given us exceptional op,
yortun.t.s 70 know the attitude o. Eastern ana
dticnal capital for development purposes in the
sections named, and including your state Inc IN
as we'll from large financial institutions. con.
firms the pos ton that any considerable amount OF
The s,tth until there are no longer any fears or
silver tas!s In our opinion any other line OF
present gold standard ana against the free conase
OF svrF ~neher II tne Tato .; 10 TO or IN n any
ment. VII Indefinitely delay the return OF pros
new capital. only TO be obtained from the East and
from abroad. is so much needed for the develop
adop;.on Of god plank by the DemocraGc Ma
to1al Convention would have The effect OF i'm
Ing commercial activity.
To tbs. Mr.. ODonnell this afternoon sent long
reply in which he said among other things:
Your draft upon the principle. patriotism and in
tcgrity Of the Democracy must lie refused You
purchase the sovereign right OF the people o..
Colorado take that part in the Goyernmen, o. the
H.putIlc guaranteed them by the Constitution for
s771.O1 a duplication OF your boased total invest
m.nt OF s.l0Ga.o0 IN the West and South will not
in this year OF Lord 70 swcrve the De-
mocracy OF these sections iota from the straight
path Of duty. The Government Of this country has
been left too long In the hands OF bankers ard bond
dealers. The people have concluded - take pos
session OF their own again. and II any additional
needed 20 justify tina; decision Il would
be furnished by such letters yours. We may
well learn this year or another year whether
free whether you and the people you represent
masters The interest on your $4,000 r0 and
your S777 900 will right along. whether the
shines not. but now procaiming a
declaration OF independence. to wit that these
United States and will their financial
and other domestic affairs without the consent OF
any other Nation earth and TO that end that the
Government of this Nation and will receive at
its mints for coinagc into lawful debt paying full
lega-tender money. both gold and silver at the
ratio OF l6 10 without discrimination charge for
nintage and without waiting for or asking the
Of any other nation 10 do.
II may be added that II any III shall hereafter g.
suit 70 the creditor classes OF this country by
of the agitation for the restoration this Ma
ton of that sovereign prerogative always claimed
and exercised by civilized people who are not de-
Tendencies. Il will be- the result OF the threats
coercion so thnly yelled In the letter 10 which this
IL reply. and not the offspring OF any act OF those
who believe with me.