Show THE SILVER MEETING I Demonetization Denounced and Restoration Demanded LEGAL DOLLAR A LEGAL TENDER The Amount of Money In Circulation Directly Abets the PrIce of Labor The Resolutions The silver meeting called by the chamber of commerce to convene at the Federal court room last evening was presided over by Governor Thomas President Simon and Secretary Gil lespie of the chamber also being present The committee appointed at the former meeting consisting Judge C C Goodwin Mr Van Horn N Treweek R H Terhune and L Colbath submitted the following resolutions which were read bv Mr Van Horn in the ab n sence of the chairman Whereas The amount of money in circulation directly affects the price of both labor and commodities com-modities increase of money increasing and scarcity of money decreasing the general price of labor and the products thereof and Whereas A general and continued decline in the price of commodities causes business stagnation stag-nation and tho locking up of money in bank vaults while increase in prices stimulates the active investment of capital and Whereas The demonetization of silver in 1873 created an artillcial demand for gold and duly inflated its value by throwing upon it a greater burden of supplying the demand for metal money which had before that time rested upon silver and gold alike and Whereas The artificial demand for gold created cre-ated by that legislation and the limited supply of gold to be obtained forcohiage purposes has increased the value in money measured in commodities com-modities and decreased the price of labor and its product measured in money and Whereas Silver the only product of labor besides be-sides gold which has for centuries maintained itself as a measure of all values and a true money metal holds still its purchasing power despite legislation and has suffered in price no more and no less than other products of labor andWhereas Whereas The placer gold fields of the world are practically exhausted and the annual production pro-duction cfgold now falls far short of supplying the demand for metal money and is steadily decreasing de-creasing and Whereas Unless silver be more extensively used as money gold will bo mote and more in tinted in price and the price of all other things measured in gold continued lessened and Whereas The worlds whole product of both gold and silver is not more than enough to supply sup-ply the arts and the demand for metal money andWhereas Whereas The restoration of silver to its fullest full-est use as a money metal will quickly stimulate and restore the price of the product of labor give new life to trade and a renewed prosperity to every calling which can be gained in no other wav therefore be it Resolved That the men of tho west asking nothing that does not concern the east as much as the west declare that gold and silver should be treated alike by the government and each metal be given an equal chance to maintain its position as a perfect measure of value and Resolved That we while not wishing that the government shall purchase silver nevertheless consent if that is deemed best for the present to such purchase but we insist that the amount purchased shall equal the product of our own country bclieving that as the world outside our own country does not produce enough silver for all the people outside our own the absorption of our product will at once restore gold and all to their old equality and Resolved That henceforth standard legal dollars should be made a full legal tender for all debts hereafter contracted The resolutions were unanimously adopted and the secretary requested to forward copies to W F James president the Utah Ore Producing Pro-ducing association and Senator Stewart |