Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-12-05

Of silver annually. or twelve and one
half million az. 100000 fine ounces
quarterly and coin the same into mon
cy Of the different denominations found
most necessary for circulation among
the people.
0) That am paper currency under
So shall Doe retired from circulation by
the government, and the same shall De
replaced by the use OF silver and a
gold piece OF the denomination OF $3.50
is necessary.
w. S, McCORNTCK'S VIEW.
w. S. Mccormick was called upon to
express his upiuian. II said that he
believed the silver plan much more
feasible than any other Let Com
gross require the treasury department
90 purchase so 900 600 ounces Of silver a
year he said, land coin as much as
they wish OF IT, putting out the rest I'm
silver certificates. The plan appeals 10
me as the best one 20 relieve the situa-
ton as / think &c would be the easiest
one 20 get through Congress"
NJ. II. Walker, who had been pres
ent az previous discussions took the
same ground as MI Mccormick. and
urged Immediate action. w. Mont
Ferry mentioned the national bank cur
rency scheme. with a tax So heavy that
they would retire the currency When-
ever fl is not needed.
Judge William II. King went into the
question I'm detail. stating that a re-
cent trip through the east had con-
WINGED him that eastern bankers were
welded 20 a big national bank scheme.
and that 70 is his belief that a liberal
issue OF greenbacks would help the sit
uation.
Henry W Lawrence regretted the eX-
portation of so much silver 20 Europe
claiming that the coinage rate there
made this a more desirable market
than America offered.
BY b. II. ROBERTS.
b. II. Roberts began a talk on the
question by declaring that the east
would laugh at any western sugges-
ton that silver should be favored
in any way.
I'VE should remember" he de-
clared, that this Is a gold stand
ard country, and II we should issue
more silver dollars, e would be
merely token money, redcemable in
gold. Would DO not be simpler TO
have Congress authorize the issuance OF
grecnbacks redeemable IN gold2'
Mr.. Roberts, after declaring that Il
was hopeless 10 look for Congress TO
help out the silver states by coinage
of limited amount went on into
genuine free silver argument Of the
kind that predominated western Opin-
ion ten years ago.
And since there Is no hope TO get
that any more than there IS TO get
the free and unlimited coinage OF
silver he said. "let as take advantage
OF the reel need of the country 20 urge
upon the people of the east the fact
that what they really want In this
furry won't call IL panic--is the
coinage OF gold and silver at the ratio
of l5ia or l6 TO l. and that the money
of this country shall be gold and sill
yer, as the trainers OF the Consttu-
ton II the United states intended that
Il should
MANY SPEECHES.
John Dern opposed bringing up the
silver question again, since il had been
twice defeated. lie thought a loss of
confidence was the cause of present
conditions. Former Senator Kearns
Thought the financial question had been
discussed enough, and he expressed AN
opinion that e. would be useless 10 try
for silver coinage again What he IA
v0red was convention OF bankers 10
Dee called 20 meet Do Chicago, and TO
have turned over to them the financial
question.
This speech was followed by free dis
cussi0n from "a large number of speak
ers, after which William n. King SCI
cured tho iloor with au amendment 20
motion by j. r.. Cain Co the effect
that "a convention Doe called here of am
the states west Of the Mississippi His
amendment called Tor the drafting OF
"a resolution on the matter. 20 be sent
out 20 congressman governors, mayors.
and commercial bodies. setting forth
the sense OF the meeting. The amend
ment prevailed and the meeting ad-
1ouucd with the impression that the
action had been definite enough o.
draw out whatever general opinion
there is iu favor of the white metal.