The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-01-27
MEASURED OF VALUES.

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whatever be the standard named in
law, men will continue to measure
value by gold until, by the concur
renee of their habits, they evolve
something that suits their purposes
better"
He said the commissions report was
an attempt to remove unnatural bar
riers of law and make a statute sup
plement and assist the laws which the
habits of business men had evolved.
The next speaker was Congressman
Jesse Overstreet, of the Indianapolis
district who introduced the monetary
! bill into congress. He thought the bill
would receive thorough attention by
! congress and would in no way retard
| its consideration. If we are defeated
said he, I'VE shall not be conquered"
RESOLUTIONS.
John c. Bullitt, of Philadelphia, read
the resolutions. The resolutions set the
plan as follows:
! First-To remove at once and for
ever all doubts as to what the stand
ard of value in the United States is
and is to be.
Second-To establish the credit of
the United States at the highest point
among the nations of the world.
Third-To eliminate from our cur
rency system those features which rea-
son and experience show to be ele-
ments of weakness and danger.
Fourth-TO provide a paper currency
convertible to gold and equal to it in
value at all times and places, in which
the volume is made equal to the neceS-
sary needs of business, there shall be
combined a quality of growth and elias
ITCHY through which it will adjust it
self automatically and promptly to all
variations of demand whether sudden
or gradual, and which shall distribute
itself throughout the country as the
wants of different sections may re-
quire.
Fifth-To utilize the existing silver
dollars as to maintain their parity
with gold without imposing undue bur
dens upon the treasury
Sixth-To avoid any injurious con-
traction of the currency.
Seventh-To avoid the issue of inter-
est-bearing bonds except in case of
unlooked-for emergency; but to confer
the power to issue bonds when neces-
sary for the preservation of the credit
of the government.
Eighth-T To accomplish these ends by
a plan which would lead from our pres
ent confused and uncertain situation,
by gradual and progressive steps, with
out shock or violent change. to mon
etary system which viii be thoroughly
S21e ana lOOu, anu tdDdbic VI SAON III
to any extent that the country may
require"
URGED UPON CONGRESS.
Approving of the expressed fears of
the comm issiOn and of its plan, we Go
most carr estIy and cordially commend
it to our fellow citizens as worthy of
their approval and adoption and we
urge upon the congress of the United
States that the principles embodied by
the commission in their report should
be embodied into law, with the belief
that they viii secure a solid, substan-
tial. ard stable financial system that
would rebound to the credit of the
country and insure a state of prosper
ity that cannot be achieved unless
there is g system of finance united with
integrity and adaptability which can
not be questioned or gainsaid-
TIME HAS COME.
The time has now come when the
prospects for the establishment of the
gold standard upon a firm and en-
during basis are Frightening and en-
couraging. The people want paper
currency which shall he as good as
GOLD This movement proposes to