The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-04-23
PROSPECTS FOR SILVER.

Raymond z. Dodge, a contributor to
the financia! magazine, Money" pub
lishsd in New York City, has written an
article of such Importance that the
Sound Money League" has had it
printed in circular form for distribution
over the United States. 1t is a warn
ing to Republicans that the destruction
Of the silver issue is not yet consum-
mated, and that "a second battle of the
STANDARDS impends."
The free silver issue was neither
aveTted nor removed by the passage
OF the act of March IA, $780," says the
circular, which adds:
There is nothing in the new law which
prevents its repeal, nor q renewal by the
Democratic party of the demand for the
Independent free coinage Of silver at the
ratio of IS to /. or any other ratio Their
contention of 1856 was that such coinage
was necessary to increase the volume of
standard IuIl legal tender coin; a neces-
sity that could not, from their point of
view. be met b. an increase Of bank eircu-
lation.
After making the assertion that the
Democratic party is an organization
controlled by western men and western
ideas, the article appeals to the So
called sound money men Of the east
to awaken 10 the danger which con-
fronts the bankers That the Demo-
cratic party is irrevOcably and IN
equivocaHy committed to the policy Of
/ bimetallism the circular establishes in
the following statement of fact:
! The time has come for the consideration
| of practical politics and the fact that
/ the Democratic party will, in this cam
! paign atsleast, stand for free coinage of
silver as the opposite of what is recog-
niZed as Republican doctrine. No prac-
/ teal politician OF today doubts that the
I Kansas City convention will reaffirm the
! Chicago platform and specifically indorse
1 the silver doctrines of Mr.. Bryan. There
is little doubt that the demand of the
south for the repeal of the 10 per. cent
/ tax upon state bank notes viii again as
/ I'm 1892, be discussed as a part of the creed
/ of Democrats. Both statements rest upon
I the utteranceS and votes of the Demo
( cratic senators and representatives during
i the present session of congress- The Do
/ sition is thoroughly understood at Wash
! ington. Republican senators and repre-
| sentatives made the subject OF free silver
a part OF their topics of discussion during
! the financial debate; four Of the leading
members OF the lower house recognized
| the certainty of a renewal of the contest
| Nearly every Democratic speaker in both
! houses discussed the money question from
the free silver standpoint, and thirty-one
I of the Democratic members of the lower
| house publicly declared that free silver
would be the principal issue and Bryan
/ the candidate.
Mr.. Dodge quotes from all Democratic
State platforms. shows that every rec
ognized leader Of the party not only
advocates bimetallism, but favors the
nomination of Bryan, proves By the
latest election returns that the chances
of Democracy are better today thar
they were in 1895. and from the roll
of the senate shows that the Republican
party cannot hope to control the SEN
ate with tire present drift Of public
opinion for more than two years. unlee.
the gold forces rally TO the defeat OF
silver this fail.
The writer calls attention TO the
heavy popular vote cast for Mr.. Bryan
four years ago when he was a stranger
and his doctrine was new and a matter
of distrust. "He was not then in touch
with the party leaders of many of tbs
different state organizations. contin
ues the circular, ''and was forced K
make his canvass without their assist.
jance. Since that campaign he has re.
formed his lines and made new al
lfances with the recognized leaders Of