The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-05
Mr.. Mccormick Speaks.

mSSOEuiSh SRcaHSs
W. S. Mccormick. when called upon,
said that he had not given the question
much thought, whereupOn Judge Good
win asked:
What else have you been thinking
about for the last six weeks?'
Mr.. Mccormick said that he believed the
silver plan was much more feasible than
the play of issuing asset currency. He
thought that the government could issue
S100,0OO000 in silver certificates that would
be much better security than the asset
currency and would afford greater relief
TO the situation. He said there was alb
sOlutely no danger that the government
might be called upon to redeem the cur
rency. In his opinion the silver PROPOSE
ton was the only logical solution to the
problem.
NJ. II. Walker agreed with the opinion
of Mr.. Mccormick, saying that ne was a
strong. believer in the efficacy of the coin
age OF 100000 ounces of silver In relieV-
ing the present inadequacy of the circu-
iating medium.
w. Mont Ferry thought that tho ma
tiOnal banks should be permitted 10 is
sue emergency currency guaranteed by
the government in times of money strin-
gency.
The movement to formulate an address
containing the recommendations to con-
gress, bringing prominently before the
public the advantage of bimetallism, was
started by Judge William II. King and
Brigham Fl. Roberts
MI fODtItS lduSDeO at the proposition
to ask congress to do anything that might
be construed as favoring silver IN ally
way.
In proceeding at this meeting we
should remember one thing" he said
that the United States is a gold stand
ard country If We should issue silver il
would be merely token money, redeem
able in gold. Would it not be simpler to
have congress authorize the issuance Of
greenbacks redeemable in gold?
B. n. Roberts Gives Views.
Il do not think that there is the slight
est possible hope that congress would pay
any attention whatever to a resolution
that the government purchase 100000
ounces of silver each year. do not be-
lteve there is a gentleman present who
believes that there is the remotest hope
to get what you propose 10 petition for.
And since there is no hope to get that
any more than there is to get the free and
unlimited coinage of silver, let us take ad-
vantage of the real need of the country
to urge upon the people of the east the
fact that what they really want in this
furry won't call it PANELS the coin
age Of gold and silver at the ratio of l5la
or IS to l, and that the money of this
trainers of the constitution Of the United
States intended that it should.
Judge King talked at length in a stint
lar strain. He said that he was not afraid
of the cry of fiat money, that he believed
that the government couIu issue half 4
billion or a billion, If necessary, in treas
ury notes Tedeemable in gold. The real
solution was in his opinion the free coin
age of silver. which, of course was use
less to ask for.
Later, after a convention had been dis
cussed and the proposition abandoned,
Judge King made a motion to appoint
committee TO draft an address to the
nation and to congress- Incorporating such
recommendations for immediate legisla-
ton as the committee deemed advisable
and calling the attention of the public
to the fact that what was really needed
and what the people OF the west were go
ing to fight for was free silver