Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-02-16

can parties. are as follows'
DEMOCRATIC ADDRESS.
To the People:--The surrender OF
the Republican party TO the advocates
of the gold standard and monopoly II
at last complete. The present admin
istration, called to power on the solemn
pledge of the Republican convention at
st. Louis to promote himetallism' mas
formulated and sent to Congress a bill'
the leading purpose of which the nom
orable secretary of the treasury
avows, IL to commit the country more
thoroughly to the gold standard inc
country has already, for twenty-tour
years, been so thoroughly committee
to this standard, partly by law anu
partly by the usurpations of the exeou-
tive branch of the government, that lts
effects are seen and felt on every hand;
wages are reduced; work is hardef 10
get: the weight of debt Is doubled; the
value of land and other property II
reduced one-half or more untli the
lives of the people are MADE pitteI
with hard bondage II Is certainly
not in the interest of humanity TO nave
this condition of things more thorough
ly established.
or which is the same thing, the con-
tinucd fall in prices. must inevitably
transfer the property of all those en-,
gagged in active business, the actual
creators of wealth. whether by hand
brain. or capital. TO those who, avoid
ing the risk and effort of active Dusl-
ness, only draw Interest,
The increase of las per cent In the
90 ,sp1gnn Inv itH inrfpuS-
ing scarcity from 1909 to 1919. as adj
mitted by leading advocates of the gold
standard, found expression at that
time In extremely low prices and con-
ditions of unparalleled DISTRESS The
discovery of gold and silver In eNtraor-
binary quantities and the great IN
crease In the volume of metallic money
resulting therefrom, relieved this dis
tress and brought In its stead wonder
full prosperity. Prices rose, business
fiourished. producers prospcred. all
were happy. Substantially this condi-
ton would have continued. II both the
precious metals had been allowed to re-
main In use as money. because they
were being found in nearly sufficient
quantities to increase the volume OF
money In proportion to the develop
ments of business.
A wicked conspiracy, however de-
prived one of them Of this function.
This was done with deliberate purpose
of raising the vale of the other by
rendering the supply of metallic money
relatively scarcer. as compared with
the demand. From the hour of the
consummation OF this crime. mankind
has suffered commercial disaster and
social distress In almost constantly in
creasing measure. Just in proportion
to the growth of arts and civilization
and expansion of commerce. business
and Industry, the inadequacy of the
volume OF gold is felt, Its scarcity Is
emphasized. Its value increased.
The repression of life and happiness.
which is inseparable from a long course
of declining prices, has now checked
development. and. II continued. will
ultimately stifie civilization. An em-
inent American. President Andrews of
Brown university. some years ago said:
Our national debt on September /.
1855. was two and three-q quarters bill
lions; II could then have been paid off
with 100000 bales of cotton. or 25.OO0-
600 tons of bar iron. When 1t had been
reduced to billion and quarter, 80
100000 bales of cotton, or 80. 1000. 900 tons
of Iron would have been required to
pay IT. In other words, while nom
innl shrinkage Of about 30 per cent had
taken place in the debt, 1t had, as
measured in each of these two world
staples. actually been enlarged by some
30 per cent"
Although more than half the princi-
PAL or this enormous debt, and every
cent of accumulated interest had been
paid by the labor of the United states,
the holders of the bonds still hold n
claim for more of the labor of the peo-
pie than thev had before these enor-
nous payments had even been bgun
The cruel conilscatlon of the lives and
hRN " nf If.l..
country Ia the most stupendous crime
that has been committed In the annals
or civilization. Unless n government
OF the people, by the people and for
the people has persisted from the
earth. surely the present boldly avowed
scheme not only to continue but to in
crease these evils will not be permit
ted.
In addition to this purpose of more
thoroughly establishing the gold stand
ard. the plan of the administration is
10 retire the paper money of the gov
eminent. To issue gold bonds and to
Increase the power, privilege and
profit of national banks.
The retirement of the government
paper money must reduce the volume
OF circulation, and while the secretary
admits that the contraction of the cur
rency would be morn ruinous in two
years than interest on n like amount
Of bonds for forty years would he. he
calmly informs us that the national
banks VIII probably issue n sufficient
amount of money to prevent this enor-
nous suffering.
The national banks are not to be re-
quircd To redeem their notes in gold.
but 1t is arranged that the national
government shall do SO on demand
and after doing So the government
must be content 10 have the national
hanks reimburse 1t In any kind Of legal
tender money at the option of the
banks We are frankly told that law
full money win he made relatively
scarcer than it is now" and TINT II Is
Intended that under the operation Of
the bill II viii be ensler TO get gold
than lawful money"
Practically all the money in the
hands Of the people now, MS the score
tary distinctly admits, Is in silver.
chiefly in the form of silver certifr -tes.
30 the avowed purpose Of the bill Is to
make Il hereafter more difficult to get
these than gold.
The monetary commission selected
by the executive committee selected by
n self-constituted Indianapolis conven-
hon, which assembled for the EXPRESSED
purpose of the establishing of the gold
standard. has also made Il report and
promulgated n hill. the provisions OF
which are so strikinrly like the propo-
sitions OF the secretary of the trens-
uf'y' In all material particulars. Ms To
that they were compared and
harmonlzed before either was given TO
the public
This report and bill are somewhat
holder In the assertion of the purpnsea
thnn Is even the proposition
of Mr.. Gage. These distinctly propose
mat silver dollars shall not hereafter