Show fOllOW TELEGRAM fOR FOIl A 1 St VER PETITION Gab Club Plans PIns Pl ns ret Great Convention to Ask Congress to fo Restore Silver to f Relieve a heim hehu invited to Attend Meeting fleeting Following Follo vinS a suggestion made editorially c in TIm TELEGRAM last Wednesday V the Commercial club oi 01 Salt Lake City will 1 ill take the initiative in a movement asking asking ask ask- ing inn b for the thc restoration of silver to its old place as primary y money Blaney I Fisher ll Harris uris secretary of the thc Commercial club said this morning ng The rhe idea of such a meeting r came to the a attention of ol the members of the club through 11 an editorial in TILL THE TELEGRAM TEL fEL a fe few days ago ngo he h board of governors is arras arranging in plans plaus lass for a meeting meet meet- In ing to be he held either cither Y Wednesday or 01 r of neNi week weck when hell the project probably will till be launched The fhe meeting will be he attended by br y many luany of the thc most host prominent men in the state and the question of urging the r government govern ment dent to purchase something like worth of silver sil silo ver bullion and coin it into money will ill be he discussed at of V leu th 0 FISHER HARRIS SECRETARY OF THE COMMERCIAL OOl CLUB SAID THIS MORNING THAT HE IS IN COMMUNICATION WITH TILE THE BOARD OF GOVERNORS AND SOLOMON SOLO SOLO- I MON G GUGGENHEIM WHO IS STILL I IN TILT THE WEST VEST WILL BE INVITED TO ATTEND THE TILE MEETING THE TILE EXACT DATE OF WHICH CANNOT I BE ANNOUNCED UNTIL IT 18 IEl I KNOWN WHAT DAY MR GUGGENHEIM GUGGENHEIM HEIM WILL RETURN TO THIS TIllS I CITY AT THIS MEETING IDEAS I WILL BE EXCHANGED BETWEEN BET MR GUGGENHEIM THE BOARD OF I GOVERNORS AND LEADING SALT I LAKERS INCLUDING MINE OWNERS OWNERS OWN OWN- ERS AND SOME PLAN DEVISED THE PRESENT IDEA IS TO START I THE PLAN HERE AND THEN INVITE INVITE IN IN- VITE A CONFERENCE OF THE TIlE LEADING MINE OWNERS AND I OTHER PROMINENT MEN OF ALL OF THE WESTERN STATES TO TAKE UNITED ACTION WITH A AVIEW AVIEW AVIEW VIEW TO RELIEVE THE MONEY SITUATION Tho The plan piau will then be submitted to western senators and representatives representative who in turn will be he ask asked to take the matter mutter up as all soon as possible after congress congress con eon gress rt s meets in December From information received in this thil city from various arioul p points int in the rn east t. t and anti e C es in iu tl the r middle west it is believed be bf Ii d that such fluch a plan plaD would bo ho looked on with favor nr It by congress and that it would also abo hn have havethe the support of oC President i. i dent Roosevelt in view of oC his known friendship for the tho west Effect of the Plan Plank It wax was pointed out this morning that should Mould mild the government ho he prevailed pre f upon pon to purchase worth of silver bullion hullion the first effect would bethe bo be bothe t the lip paying for t the h bullion hullion in gold old or its equivalent nt which would put in to circulation at t once In tho the second secondi If i place this amount of silver would make I upwards of ot silver dollars dollan which h. h in turn would be hp put in lation meaning an addition of ot to the tb mODe money now in circulation circulation tion in this thil country nod which would go o far toward the tbt permanent relief relie of the present mone money stringency The Tho idea 10 does docs 5 not contemplate the tho free and aDd unlimited coinage e of silver sil but rather is iR one intended merely to torel rel relieve o the present situation and which hi h his is regarded by men roen who bo are arc advocating ad it as entirely practicable The Tho Telegrams Telegram's Editorial Th The editorial in TIlE THE TELEGRAM I I which in inspired p the present movement mo appeared We Wednesday and nd was as follows follows fol Jol lows Make a I. I Try for Silver Sliver Wn We Wn think the Commercial club of this city it might do the tho west and the whole country countr good b by issuing under it its authority a petition to congress Askin Ask Ask- in jug ing for or the restoration of silver to its old oil place piece aa at primary money moncy at the rate of 1 per ounce and ana stating tersely the thc reasons for tor such petition and then I sending copi copies s to n lr every stain Askin asking tho the people generally to join in the p pe v tit ion There There would be he maD many favorable favorable favor lavor able responses and some unfavorable lInCa ones onu Bat these e latter Utter would have hi to state their reasons and we c believe the reasons they thy would be bt able to put out would be so to flimsy that tbt they would make the reasons for the legislation seem Irm all the stron stronger er Possibly it mi might t be well 11 to petition the th government Jo to sound round tb the sentiment nt I of forel foreign governments Jo b by telegraph and cable as to what hat their action would be he were the th States to take takA the initiative We predict that from Great Britain and Germany the replies would be c aJ evasive and noncommittal non from England w Wp we apprehend it would ho that while biJo not disposed d to alter Riter its own lY system tern tem it would no not object to the arrange arrange- neat for India IndiA- I from rom Franco France we believe be b.- e tiers lieve It would be ho a accepted 1 cordially as u also alo from rolD the tbt nations of the tho orient and andaU andall andall all aU Spanish Spanish America W We believe too too that the tho Dominion of Canada and AUf Aus tt Its would ouId approve The experience of the past paM t fix i weeks necks d ou ought ht to bi bt enough b tl to entice cause t the he men mea 0 of r the cast t t U ti u use o their reasoning faculties a on the subject The great opposition would corn comi front from ro those thole national bankers jn tho the eat catl cu who want to use the present io as JUI n II eln club to obtain Jc ton tel foi J Jin in what hat the thc they y call all nn an elastic clastic cur curr r nl for their hanks bank But there an art arrI many stubborn opponents opp of ot that in and I out ont of congress on r t- t and they will need n an anthe the help th they can get Jot to push it throng and they tiler f might b be induced to favor re rt I if thereby they could gel gol t the h needed Metell votes otts i With the tho manes of ot tho the people il it will ill he be a hard task tuk to io rOIl convince them that a silver silver certificate certificate of or 1001 1100 I with ith tho the silver for lor redemption on in tin HII treasury t is i not as IS good us its the saml amount in an nu extra issue o of national hank bank oot notes note Then It is b clear as 8 day da light ht that no silver tr in no any foreign coon coun country i try except Mexico ret co would ever t come ome t h hI I us 1111 because ul tor foreign countries arc are n non nO w I absorbing in about all 11 we e have to spare spur for subsidiary coinage then the tho art arti I exhaust list hall our product and final I i there i iff inn an nn ea eager r market for the Thole Rho t I product in io China and will be for aB uti time timo to come I This Thill in is the opportune time 01 conr course it would h be he charged 1 that th I west wants a Ii better tri price e for tor its silver I That hat much i ix is certainly 9 true for tor the tho ratio ra m. ratie I tio tie now existing between gold with th the full recognition of the government o and silver siler UP as a mere mem commodity is an no I outrage but really it would be ho of f much more benefit t to the tho country than tun to tel western miners Our Our train with ith China Chinn Japan and South America would be vastly improved improved im proved b. b by r restoring silver there would be Je no more mor trouble with exchanges 1 with those countries Jt it would place out ou country in closer dor accord with quite uit three fifths of ot the inhabitants of th the earth Why not make the move now when the men of oC the rant east have o found that after all gold old in in itself is of no more no-more moro stable value nilio than cotton or corn corn coral |