The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-12-19

are being taken TO Insure that the gold
standard shall be preserved
he present bill preserves 1t with
a ven5eance. The vast bond debt of
the country now payable in COIN that
is. either in gold or in silver. is to be
made payable in gold alone. Nearly
half billion of standard silver dollars.
heretofore not redeemable in anything
constitute a burden on either the gold
reserve or the credit of the government
| but forming q. large percentage of our
basic money, are hereafter to be re-.
decmabie in gold. thus increasing ire
mendously the strain on that metal.
and thus becoming an endless chain
with which to pull gold from the treas-
ury ard affording an excuse for the
final destruction of the silver dollars as
money and their forced sale as bullion,
after the manner of the German pro-
cedure in 1872.
THE greenbacks, the best pare- tire
world ever saw. the product of the pa
triotism and craftsmanship of the Re-
publican party in the days of Abra-
ham Lincoln. are to be virtually de.;-
troyed by being changed into gold GER
tificates, to be locked up in the treas
ury and paid out only for gold.
Rsduce Tax On Banks.
The tax on the circulation of the
national banks is to be reduced and
the amount of the bank currency they
may issue on government bonds de-
ported is to be increased from 80 per
cent to par of the bonds. thus making
their business enormously more profit
able, opening the way to an immediate
possible imitation of the bank notes, not
legal tender, excellent for getting into
debt on, but unavailable for getting out
of debt with, to the extent of $780, 000.-
600. and placing the regulation of the
volume of money. and hence the deter
minatiop of prices and the burden of
debts. absolutely in the power of the
banks and the creditor class.
The inevitable tendency among these
banks will be toward a uniformity and
cooperation of management the re-
suit of which will speedily be the eCec-
ton of a great bank money trust more
powerful than all other trusts and COM
bines, and ultimately, if the Republi-
can party should remain in power. ir-
resistible and unresisted by the gov
eminent itself.
Thus, fellow citizens, the scheme we
denounced in 1896 is nearing consum-
nation. The policy that was denied
by the Republican party in that cam
paign stands now confessed. Millions
of you who voted the Republican ticket
in 1886 would not have done SO had you
be the agent of the forces that now
dominate it. Millions of you were BIZ
metallists in 1886, and remain so to-
day.
Appeal to Republicans.
Now that the promises then made
are clearly seen to have been insin-
ccre; now that as a consequence OF the
deception practiced upon your honest
confidence. your cause is about TO be
harided to the ownership and control
Of the great speculative banks and
their associated trusts and combina-
lions, may we not appeal to you to
come to the rescue of the liberties of
the people and their imperiled institu-
t:oSs?
In the spring of 1897 the undersigned
took the steps leading to the organiza-
ton of the silver Republican party.
Against the betrayers of the Republi-
caEism of Abraham Lincoln that party
resolved to wage amending war. To-
day the necessity for its work is more
evident than ever. Come with us and
help US. We believe that the highest
devotion to the Republicanism you
once venerated demand that you oppose
to the uttermost the present tendencies
of the party which still wears the name,
but has forsaken the principles of its
heroic days.
(Signed)
CHARLES a. TOWNE,
Chairman Committee.
HENRY NJ. TELLER,
''R. F. PETTIGREW,
FRANK ]. CANNON.
EDGAR WILSON,
CHARLES S. HARTMAN,
JOHN SHAFROTH,
FRED T. DUBOIS.
chairman Executive Committee"