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They Want Silver

They Want Silver image
Parent Issue
Day
25
Month
June
Year
1891
Copyright
Public Domain
OCR Text

New York, June 22. - The natoon! executive silver eommlttee held meefr hxgs in this city Friday and Saturday. The members were present:- (ien. A. J. Warner. of Oliio, chairman; Francia t!. Newlands. of Nevada, vice ehairman; Lee Crandall, of Washington, secretar?, and L. M. Ramsay, of Missouri. Kdwards Pierrepont as unable to be present. Senators Jones and Stewart, of Nevada, were in consul tution with the oom mitotee during the sessions. Saturday eveninjf the comrnittee issoed an address, in which it .sn s: "The DStknal silver committee desires to cali the attemion ot the country to the object lesson whlch is being exhibited In the desperate struggle of the great Unancial institutions on both sides of the Atlantic to Increase the gold reserves to avoid bankruptcy and ruin, and to the fact that any increase by one necessarily diminishes tbè eserves of others. For eighteen years the. asis of credit in gold-standard countriea has been growing narrower as the single Standard has been extended and the production ot ;old fallen off, while the structure of credit ïas been growing proportionately larger and more insecure, untü the relation of credit to actual money, as üisclosed in the Uarings' allure, In gold standard England has alarmed the world and started anew tUe scramble for gold that threatens all business undertakings and stalks as a menace to every legitímate enterprise. The remedy is in the restoration of blmetalism. Place our money system agaln upon the broad basis ot gold and sil ver as the money of ultímate redemption instead of gold alone. Support the oredit system of the banks and the country by both the metáis under free and unlimlted coinage. A stable and not a fluctuating currenoy Is required by legitímate business. Who can doubt that greater stability resides In money coined from tke metáis automatically regulated thar; in credit devices that to-dayare and to-morrow inuy vanlsh?' The oommittee says this is the paramount issue in this country and should be made such in the elections this year. All other issues are involved in this and cannot be separated from it.

Article

Subjects
Old News
Ann Arbor Register