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fHE MLL re)(ON Carroll County Cimcv?. 1-2 PAGES. JUDGE ADAMSON. ' Discussing the AU Absorbing Finan cial Question. FROM IHE 16 TO 1 STAND POINT. Free, Unlimited and Independent Coinage. The Question Viewed From a Party Stand is Point—Parity In the Last Platform — Tile Income Tax Not Democratic Doctrine.—A Lengthy Inti-view. As the financial question is the all absorbing question now, and as The Times beingt.be only democratic news paper in the county, and as the party is divided on the question—The Times holding to one side we this week publish the opinion of two leading democrats, one in support of the ad ministration and the other in support of free silver. The Times always gets the best of anything going for its readers regard less of expeme, hence the speech ofMr. Carlisle and the. interview of Judge IV. C. Adamson is given to our readers this week. While we differ from Judge Adamson we give his construe tion of party duty as he is a working democrat —his voice and pen have al ways been at the command of the par ty in times of need and his opinions on party duty should command atten tion. Mr. Carlisle has for years been a prominent leader of the party and his advice has been safe and sound. He is in a position to know the condi tion ot 'ilia country’s need. Belpw w.’ll be found Judge Adam son’s interview, and on pages 9 and 10 will be found Mr. Carlisle’s Coving ton’s speech: •‘What are the financial issue before the country and what do you think the correct solution thereof?” ‘•From the arg element s of the gold standard advocates the issue is the same as during the first half of this century was involved in the combat between bimetallism and those who sought to despense with both metals in favor of bank paper, so» regulated by congress as to prevent competition, and enable a monopoly to command the currency, and through that the indus try and property of the country. The demand for the gold standard is in aid of that scheme. It is not contended by • ■ reputable authority that there is gold enough tor circulation, but the mono metallists laud the credit system, de monstrating the uselessness of much metal in circulation, and clearly indi cating their purpose. ‘•There has never been in this country' a direct issue between gold and silver. The occasional gold standard senti ment attributed to statesmen in the past were generally uttered by mem bers of the minority, at least in oppo sition to democracy, and not always in discussion of basic money. The metals are costly, paper and credit are cheap. If favored by legislation credit can be so interchanged, manipulated and in vested with privilege as to foster mon opoly, whereby small metallic invest ments may be multiplied and trans formed into a large and powerful cir culation, which under the rule so often invoked in aid of the gold standard that cheap money’ in competition with costly money, will drive the latter from cir culation, would exclude both metals and as in our history before the war leave the banking oligarchy in posses sion of the field. Their ideal furnishes the best illustration of a “cheap dollar” as a constantly appreciating single gold standard furnishes the most striking example-of a “dishonest dollar.’ “Democracy is already committed to the doctrines that this republic with powers confined to the sole function of governing the people leaving the states and individuals the utmost free dom in conducting their domestic af fairs has no right to make dollars or millionaires or paupers. It is under no more oligation to furnish the people money than any other necessary or luxury. It is jusi as rank paternalism and mote vicious for the federal gov- CAR. ROLLTON. 'GA.. JUNE ! eminent to furnish currency and min- 1 ! ister to the wishes of the class whose ! sole business is to speculate in finan cial conditions, as it woul<l be to fur- ' wish tieimportation and business eap i ital toother classes. • ■Government's duty in the premises | is limited to keeping the mints open toI I the free and unlimited coinage of gold ■ and silver on ratio in substantial ae ' cord with the relative market value of the two metals. Not a commodity i value adjudged when one metal is dis i honored and driven from demand while I the other is enhanced by exclusive • admission to the mints. But fixed by i I the markets when both the metals on- i ! joy equal conditions. “The government, like individuals. ! may jsioperly obkain money in two I i ways: by acquiring it in business as i income and by borrowing. If its rev ; enues are insufficient it may, borrow i on long time by selling bonds, or on I short time by issuing’ exchangable pa per like greenback, which are paid in specie on demand. If gold and silver together fail to furnish sufficient cur rency for the people,the supply maybe s ipplement id by local bank paper under I state authority. Democrats have never I favored -the government'sengagingthe ! banking business, either directly', or in partnership or by regulation and patronage. They have certainly never endorsed the wrong of striking down competition of state banks by prohibi tory tax imposed for the avowed pur pose of giving national banks a mon opoly of the banking’ business. •‘We hear some talk now among the gold standard men about fostering state banks. But the conditions they suggest but mock our. hopes and in sult our intelligence. They propose national supervision of all banks, bin are willing without allowing any' dif fere nee in the character to allow some of them to be called state banks. We are riot so particular as to what they are. called. We want the government to remove discriminations and entirely withdraw its unwarranted interfer ence c-Th state baths. Ad ,;c d.-mauu of congress as to state banks is that it will let them alone. That will break monopoly and maintain the parity be tween the privileges of state and national banks. If national banks are unable to thrive in competition with state banks, the peo ple would mourn their demise less than present evils. But read in the light of the present administration's slighted opportunity, the propositions of its supporters about state banks are not likely to mislead anybody. “Though democrats ever opposed fed eral connection with paper circulation, they preferred that, if compelled by necessity, to resort to credit money, the government should use its own notes as cheaper and obnoxious to fewer objections than endorsing for a bank monopoly. So when republicans after committing the government to both proposed to retire greenbacks and per petuate national banks, the democrats protested; repealed the provision for greenback retirement and AvLi.il insist that when the government needs more money in current transaction than its revenues furnish' that it pay out greenbacks. The purpose of states men and economists who now wage the campaign of education to overturn the settled views of a century is obvi o ly to establish first, the single gold -ntlard, then to redeem iu gold and retire all greenbacks, silver certificates and com notes, then redeem in gold all sliver dollars sell them as bullion and bid eternal farewell to silver as money. Then the currency' famine produced by contraction will ravenously absorb the paper circulation and protected by statue against competition, the bank er's dynasty, will reap the harvest where the pesple have sown and the government has watered. Will the peo ple be weak and vascillating- enough to change their views before “every shift ing wind” of interested opinion? If democratic statesmen have been wrong for a hundred years, and Ham ilton, Webster, Clay, and Sherman have been correct, we ohght to learn it and change our faith. Those states men who lead the campaign of educa tion have lately ‘experienced a change of heart,” and are uow zealously bat tling to undo all they had previously' accomplished. But if they are now right they’ were unfortunate in timing their conversion as regards their rela ion to federal patronage. However powerful “the fierce light that beats about” the administration to discov error and reveal tiutli to the beneficia ries of patronage and tneir relations by blood marriage or bnsint ss propin quity. some skeptical mortals v. iilques ti 'ii the. disinterestedness oi the pros ylites, and thus impair he force of their teachings, at least in quarters where former opinions were known. By’ some, their conversion, may .be ir reverently styled apostacy. Hut I Is lieve they are soundly, if not savingly converted. They are not qpen to ar gument. No fact can enter, no reason penetrate their minds. There can be no danger of backsliding daring thi administration. What is bimetalism,and wkat is parity - How can or should either be affected by federal legislation? The true definition of bimet alism is the recognition of both gold and silver as metals enti tled to be used as money—with free, equal and unlimited right of mintage at a ratio as to weight and fineness to be ascertained and declared by law. It is not to be an arbitrary ratio, but must express substantially' the com mercial rating of the two metals. While it is not right for legislation to seek to create or force values, it is equally wrong for the Jp w to destroy yalue, and the doctrine of bimetalism will not allow the law to demonetize one metal and rob it of its demand before submitting it to the judgment of the markets to be valued in comparison with the other which has I: -en corres pondingly enhanced by increased de mand. It is noj. biinetaiism to close the mints to silver as a- money metal then buy it at gold prices under bas tard purchasing acts. It is not bimet alisin to use silver to print obligations redeemable in gold nor very good econ omy. Paper is cheaper and more con venient for that purpose. It is pot bi metalism to legislate about good gold and bad silver, legalizing contract dis criminations so as to indicate legisla tive recognition of the superiority of gold. All such tilings aii'ec: I lie condi tions which control the ’. • •'■v-.'...... ia.l-.ie of the two metals and all violate the fundamental principal of bimetalism that both metals must enjoy' perfect equality' as to privilege and condition before they can be compared for fixing ratio of value. Under this rule bimetalism unaided and undestroyed by statute has pre vailed for ages, sometime by mistake or change in the agreement between the mint and market ratios underval ueing or overpricing one metal or the other (often each in succession, alter nating) forsakes the mints fer a sea son but the metal withheld from the mint is not dishonored and demone tized by’ exclusion. It is still secure of recognition at the mint price, but clothed with money privileges its pro portion of supply entitles it to more consideration than the proportionate value accredited to it at the mint and it goes elsewhere but not being' out lawed, and the other metal not being allowed to monolize the right of min tage its failure to go to our mints is voluntary’, destroys no values, and injures no body. According to the fig ures extant, the supplies of the two metals considering stock in sight, and rate of production are in proportion as one pound of gold to a little less than 16 of silver. If free bimetalic coinage be prac ticed by any one, or more nations whose people do business enough to make an unliiniled demand for money,, then the supplies of both metals being limited the logical market ratio would be in proportion to their respective contribution to the supply altered slightly' in favor of gold on account of its lighter and smaller bulk assuring it greater facility for transportation and exchange. Under such permanent arrange ment slight or temporary rise in one metal above its ratio price caus ing it voluntarily to avoid the mints for more profitable channels would in crease demand and use of the other metal and cause it to appreciate until the temporary disparity vanishes, when the seceding- metal returns and prac tical parity’ is restored. If the metal which declines mintage goes to other countries by’ increasing- the supply, it diminishes its value there and in ex change for our products which by in creasing the supply of money in other countries it has enabled them to buy from us, it comes back to our circula tion. But the fundamental doctrines which make bimetalism unanswerable are not denied by candid monomet alists. Highest of all in Leavening Power.—Latest U. S. Gov’t Report I Baking ABSOLUTELY PURE _______ Cert-.in doctrinaires, however, pro-1 I fess to believe that the United States ! could not maintain, bimetalism alone, i Our stupenduous enterprises large and I varied productions, voluinn of business I o:ir billions of annual transactions on;- I teixitorial extent immense educated I population, all the elements which take | lus out of comparison with Mexico or ; I Japan and challenge contrast with all ! i Europe combined, making annual de- i I mand for many times more money ' Ilian exists in the world, are all ignor- I ed. They cite no authority’ but the un ' supported opinions of one amher, and content themselves with the assertion [ that free coinage of silver would “flood I the country with depreciated currency” i and drive out gold, and the mints being I ' unable to coin silver rapidly enough I there would be a dearth of currency. I How they found that out they’ fail to I disclose. In England in 1696, when no silver 1 was in circulation a gold guinea com ' manded 30 shilings in spite of law and i aril lime vie. It was undertaken to recoin the sil i ver. The gold smiths the elirysilis I form of gold bug, feared that go' I I would be driven from circulation 1. , i restored silver and the capacity of t .i • ' mints limited to IS.OuaL per week co ,d ! not supply currency. McCauley s.:ys that at the time Lock knew that. •he high price of gold was not the ca , ■ but a symptom of the evil, and ale : cline in its price could by no hititia i I power or ingenuity be made l-> prec d ‘ lint must inevitably follow the resti-ia . tion of silver to coinage. While the mi s turned out oiuy l.’.Oaul pc. I silver remained'scarce,gold maintai 1 ! ' its premium, but a man wno b-lie v II in coinage got hold of the mints ;.al made them turn out out 100,000.£ a w e < | and when silver literally “Hooded .ne country” gold instead of fleeing bel re i a debased silver coinage or command I ig a higher premium came down from les * perch, and freely circulated at shillings for a guinea. And there is notone word about international argree ment. With an administration fa- i vorable to our own interest we woul tl I have no difficulty on the point, made. The idea of international agreement is impracticable. The people i f England and Germany’ no doubt desire i bimetalism but the people ■ do not rule tn thos countries, ■ monarchy ami entrenched wealth and I aristocracy' manage the affairs of these | I people without consulting- popular I will. The classes are taken care of ' I and do not desire a change. The only I ; rational hope of European alliance if] i desirable at all would be with the re- I public of France. A financial and I I commercial convention with her with I invitation to all other republics to join , besides establishing securely’ any condi- - tions agreed upon wonld squarely’ pre- j sent and win the issue between civil i liberty and the domination of class and greed. However it would not be ex- [ pected tha, it would “maintain the ! commercial supremeacy of England' j nor “the financial ascendency of Lon-1 don,” and we could not hope for the fa- I vor of the lories. It is remarkable ! that honest men professing desire for I bimelalism and fixing the market ratio at 32 to one, do not consent to coinage i even at that or any other ratio. They I are wise in their wiles, they are more : subtle than the artless honesty of the | south and west. They know that a re moval of discrimination will readjust the normal values of the metals and that silver rehabilitated in its ancient money function, being undervalued in the ratio adopted, would command a premium over gold ami explode the dis honest myth about an invariable,sound and honest gold dollar. The ratio of 16 to 1 was too high and held silver at a premium of 2 per cent, over gold the day it was demonetized ‘not withstanding the claim of our adversaries that France and Germany hid already’ demonetized silver and j England had sixty years before. , The parity which bimetalists desire and ' hope to realize by the remonetization | [continued on fourth page] j PAGE.-i I TO s I DAWNING HOPE. I The latest News From ’the Stricken Governor. * iIE IS MAKING A BRAVE FIGHT, i 1 Many Anxious Hearts in Carroll ton Awaiting the Nows. Tile Man cl'Great Courage is Conseiovs at His Critical Condition and is I’l'Jitisg Hard Against Hie Great Destroys t. The Latest From the Bedside. Sunday morning Governor Atkinson was suddenly attacked with appendici tis and it has caused great alarm throughout the state. For the firs’ three days Ms death was hourly look ed forr.utl IVednes'lny evening rumor-' reached Carroliton that he was ‘ead but later tlispntch was rwv’-.'l :it - ' nonneing tint he still lived. . iiiid uisht Wednesday II- rendition, el aiiged for the better and he lias been W MO , 1 I a? HON. W. Y. ATKINSON. gradually improving. AtlC:2o yester day morning The 'Times received the following telegram: Spc'’j a i pis]-atcli to The Times. Atlanta, Ga.. June to.—The phy sicians have issued the following;: “10 a. m. The governor has-, pas sed a com. i sortable night, and expressed himself I as feeling- decidedly letter. We see I improvement in his symptoms sufficient ■ to warrant hope of his recovery, "J. B. S. Holme.-. “Hunter I’. Cooper. “F. W. Mcßea, “Wm I’. Nicholas. “W. F. Westmorland, ‘■Nathan O. Harris.” I They will not hold another eonsulta- I tion until 1 o'clock, unless some change I in his condition is noticed by the phy i sicians at his bedside. The Governor’s Mnlady. I Os comparatively speaking recent years, the malady with which Gov i ernor Atkinson is suffering and known |to the medical profession as appendi ; citis. has received much attention from | surgeons, and except in extraordinary I cases, such as the present one. has i been, generally speaking, by speedy I skillful action with the knife, j Dr. J. A. Wyeth, one of the most i eminent authorities, says: “In appen dicitis with symptoms of perforation I operation is urgent, and should be un i dertaken unless a conditi n of collapse i supervenes so rapidly as to contra in dicate interference.” As is well known, delay in the gov ernor’s case was occasioned by the doubt existing among the attendant physicians as to whether the patient was strong enough to undergo the or deal of ai. operation. Appendicitis is an inllamation of the appendix vermiformis or (the worm like appendix) situated [on the right side of the abdomen where the small intestine empties into the large intes tine. The causes v hich lead toappen dicitis may be due to the presence . of a foreign substance in this organ or diopaethetic ulcer of the wall may lead to- reritonotis and perforation or gan grene may occur possibly from inter ference of its proper blood supply .from pressurejby surrounding viaec