Democratic Sentinel, Volume 17, Number 43, Rensselaer, Jasper County, 10 November 1893 — ISSUE A SILVER ADDRESS. [ARTICLE]

ISSUE A SILVER ADDRESS.

Populist Congressmen Urge the Public to Study the Financial Question. The Populist members of Congress, including Senators and members of the House, have issued an address appealing to the people to take up the silver cause. The address begins with a statement of the aggregate debts of the world and of the gold and silver in existence, calls attention to the fact that the arts require almost the total gold production, and says the decreaso of the volume of this metal caused by hoarding has caused its raise in value 40 or 50 per cent. The address continues: “The repeal of the purchasing clause of the Sherman act destroys silver as money of ultimate redemption, and reduces that metal to credit money to float only by redemption in gold. The $1,100,000,000 of paper and silver now in circulation must rest upon less than $100,000,000 of gold in the treasury as available for redemption. The only reason for demonetizing silver was to enhance the value of gold and obligations payable in money. It is further proposed to sell bonds of the United States and buy gold to strengthen the reserves in the treasury. National banks will use the bonds for hanking and issue their notes, upon which the people must pay interest as well as on the bonds.” The document ends with an appeal to the people to study the question. Gen. A. J. Warner, President of tho American Bimetallic League, also issued an address.