About The Sandersville herald. (Sandersville, Ga.) 1872-1909 | View Entire Issue (Sept. 24, 1891)
/ SUPPLEMENT- THE GREfIT HLLIHNDE DEBRT/ Between Hon. Thos. B. Waifion and Gen. M. O. Butler, gt Buteaburg, S. O. I'll. W iLthon ManiN Siimirit)- liy the Ocala Platform, anil Carolina AUlaiieeitien stand by their Georgia Clionipton. , ... "Hr" Sept. 9 I Sjieciftl.]—At tho conclusion of the epeaking this ufternoon I asked an old gray-haired farmer who chanced to be near me as the crowd dispersed, what he thought of our Georgia speaker. His reply was unique and heartfelt, and, if anything can be judged from attention, nppinuse and the showing of bauds, it may lie taken as the sentiment of the crowd. He said in answer to my question: •‘Why, he’s the peai test young fellow we’ve got here yet. He’s the out- tnlkinest fellow I ever did hear.” The debate on the subtreasury bill between Senator M. C. Hut lei-, Caro lina's honored and able United States senator, and lion. Thomas E. Watsoi: Georgia’s mettlesome and . eloquent, young Alliance congressman-elect which was set for today at Hatesburg attracted a large crowd here. By rail ami private conveyance they came from miles around, old Edgefield and Aikeu furnishing large delegations, while Messrs. Mel Branch, .fames Barrett and W. It. lladley accompanied Mr. Watson and with your correspondent, represented Georgia in the gathering. The speaking was in the open air and’ a platform and benches were ar ranged in a pleasant grove right in the could not be passed without amend ment. [Laughter and applause.] Bo it is with the subtreasury. While all of us may unite on the general plan each mau has his idea of the detail. Gen. Butler must take one of two posi tions. The plan is eh her right or wrong. Nobody will deny that propo sition. If it is right Senator Butler owes it to himself as a statesman aud to you as your public servant to help us put that plan into the light shape. He may- say your plan is right, but vonr bill is wrong. Then we say if the plan i;- riglil help us make the bill right. Sup pose it is wrong V is it wrong as a principle ol law, or from a standpoint of political economy, or from legislative enactments in the past? If it is wrong loos not he owe it to you to show that it is wrong? If ho insists on his post lion to discuss only the bill and not the plan then he is in the awkward position of saying that the plan is right, but 1 will not help you to put it in a correct bill, or else the plan is wrong, but 1 am not able to show' it. Now lie can take either horn of this dilemma which ho likes, but he will find it rough riding on either one. [Laughter and applause.] T tuaintrin that this bill is the greatest hope of the South, which will touch into prosperity every humble home in this spare laud". [Applause.] Iu Prosperity Gen. Butler said ho would not discuss The plan of the sul treasury, but he would discuss the bill yet in the same speech ho discussed lb plan of state banks, but did not show any hill. Trot out your state bank bill general, and lrt’e see how far- you beat us 1 [Laughter and applause.] Com straight out and meet the issue, and may God give the victory to the one of us If h 1(501 Mare I )0 town limits. The newspapers had a I who is right, well-known corps of correspondents here, I Mr. Watson then reviewed the history and from Atlaula to Charleston and I of various reforms iu the past, the abo!- Augusta to Charlotte the papers were I ishing of the Rotten Boiough system in represented. Quite a number of ladies I England and the homo rule question were present and the crowd was aland said that in thesa*issues in was the representative audience of this fine plan that was first, discussed, and after agricultural section of Carolina. The I the principle was deoided the details of speaking lasted all the forenoon, be- the bill were drawn Turning to Gen. ginning at 11 o’clock, and with an I Butler, he asked : hour’s Intermission for dinner was re- General, if we show that our plan is sinned again and occupied a large part right, will not you come and help us get of the afternoon. It is a compliment to our bill right? the siKinkers that the crowd was larger I Senator Butler—Yes. after dinner than before. The crowd Mr. Watson—I knew it. These South' numbered at least 1500, aud was atten-1 era statesmen are all true. [Great ap- tive, appreciative and demonstrative. I plause.] The speaking began at 11 o’clock, I The tariff plan was discussed, oon- Mr. Wa'sou opening with an hour and tinned Mr. Watson, long before the a half, Senator Butler following for two I Mills bill was drawn, and tlm piineiple hours, and Mr. Watson having a half I of secession was discussed, and the de- liour in conclusion. I tails were left to be deoided afterwards. It is no injustice to Senator Butler to I Como, now, Gen. Butler, and let us dis say that in the natural order of things cuss the plan, and not the bill. [Ap- he had the advantage of Mr. Watson plause.] It is like mule meat, the more before the debate began. I you chatup it the bigger it gets. Carolina's honored, able, fearless and [Laughter.] beloved senator, it was only natural that I Now for the plan. 1 believe I can the oilds should be in his favor in a con-1 show it is good. I know 1 have to con test on the political hustings against n I tend with a natural tendency of the pete youug.man lvom another state, unknown pie to cling to old things. When the to everybody in the audieuce, and prac-1 B.vstile was torn down, some of the t-ically unknowu in natioual polities. To prisoners had been in there so long that say tiiat in spite of all thii Mr. Watson I they cried at the idea of being turned captured the entire crowd, and at the I out. When the stable is on fire you conclusion of the debate had them over- have to drag the horses out, and so it is whelmingly in his favor, is no small I with some people, we have to save them compliment, but it is an unquestioned iu spite of themselves. If Napoleon had fact. Senator Butler admitted this when I accepted the steamboat, be would not he told Mr. Watson good night, for lie I have died the chained eagle ot St. said, “I had the argument, but you had I Helena, hut he rejected it and declared the crowd.” it was impracticable. He would have After prayer and a brief introduction I said it was unconstitutional, if he had by the chairman of the meeting, Mr. I thought about it. [Laughter.] Watsou began as follows: I When railroads were first projected it. Mr. Chairman and Fellow Citizens of I was argued and mathematically demon- South Carolina :—I know perfectly well I strated that a man could not live travel- that I appear before you today at a dis-1 ling sixty miles an hour. 1 his is on advantage in this debate. I know that I record, and may be read today, and yet all the moral advantage of the situation I we all know how railroads have pioven is on the side of Gen. Butler, ton the falsity of such arguments, know him. You honor him. You love I When the present postotiice system him, and it is right that you should. 11 was first proposed, the postmaster gen- am a stranger to you, and you are I oral of England, Lord Littlefield, de strangers to mo. There is a great dif- dared it was the wildest and most ex- ferenee, therefore, in the position occu- travagant project lie had ever heard pied by him and that occupied by me. He declared that you would have to If he was a candidate for any office in establish warehouses, and that these this state J would not be here. These could not hold the number of letters are matters of home rule, and people of and the number of officials that would one state want no interference from | have to be employed, i his sounds like speakers from another. But no such auti-snbtreasury argument winch we issue divides us today. This is a I hear today, don t it / [Laughter.] national question, and when Senator The Duke of Wellington, that great " Butler strikes at the platform on which military leader, who overwhelmed Na- fariners everywhere have taken their j poleon, at Waterloo, declared that he oj>- stand, he strikes not only at you in jected to the measure, but as the people South Carolina, but at us in Georgia, and | wanted it, he would help them to get it, in every other state. It is a matter in There is where we let you in Gen which we are all interested alike without Butler; you, like the Duke of Wellington reference to state lines. may declare that you are opposed to the Therefore I am going to presume that subtreasury, but as your people all want I shall have just such warm welcome it, you will help them to get it. [Ap- hero as we would give your dis- plause.] tinguished senator in Georgia. It is Now, is the subtreasury a good plan ray desire that this debate shall be con- What is the old law. What are tin ducted on broader principles than mere evils complained of ! and what is the personalities. I recognize that it is an remedy suggested ? honor for me to speak here today, and Senator Butler said in his speech at for Senator Butler to have consented to Prosperity that the national bankers debate this question with me. Though didn’t get 90 per cent, more currency Senator Butler is loved by you, he oc- than they paid for, but 10 per cent less cupies a position little less enviable in Let’s look at that. When I buy a house Georgia. It is more than lip-deep from you and pay you *10Q the house is courtesy, therefore, when I say that I mine, but the *100 is yours. Not so am honored at being here to discuss this with the national bankers. I hey buy ouestion with your honorable leader. *100,000 worth of bonds and deposit ["Great applause and cheering.] them with the government for the privi- The old rebel veil sounds the same on lege of issuing *90,000 in currency, this side of the river that it does in which they can lend out at from 8 to ~4 Georgia, aud I feel already at home per cent., this being governed by the among you. [Great cheering.] law of the state in winih they do him- Now for the argument. We assert ness. But not only do they get the in- that the subtreasury is a good law, and terest on this *90,000 of currency which Senator Butler denies it, I am in the they send out, but also get the interest affirmative, aud the burden of proof is on the bonds which they have deposited on me—to show that it is a good plan, with the government. Are they not re- At Prosperity, in his debate with Dr. ceiving- 90 per cent, more than they are Stokes, Senator Butler declined to dis- paid for, instead of 10 per cent less ? cuss the subtreasury plan, but said he Again, I respectfully deny the state- would discuss only the subtreasury bill, meat of my distinguished opponent that A statesman like Senator Butler can- the national banka were a war measure banks wore chartered. And it there were only 701 national bit cause they were compelir ; wi state banks, and it was not unti , 1805, when OobKra-s passe l t imposing a 10 per cent, tn on star hat national banks really began It was then they began to me nbers and in wealth until I then), like nuUiguautaoros, am eating at> : the vitals of the people. No, t. It was not too national banka, but. tl. i greenbacks, Which were the Warns vutre. by which the government carried on < t war. It was alter the war that- plutocrats established this national bank ing system, which place 1 the pro,pc b • of the people into the hands of tiio lew. [Applause.] Gen. Butler says the national ' a , t pay for 10 per cent, more currency than they get. They buy *100,000 ot bond, and deposit them and get only 290,000 in currency. It. is Gen. Butler's idea that tlm *100,000 pays for the *90,000' of currency, but he forgets tint 1 national bank retains property in th - bonds, and Uncle Sam pays 0 p : ni. interest in goid and one year iu i vanoe. Thu banker has it and draws the in terest on it just the same as if it wa- ' deposited in his own vault ins. - : of that of the government. Ite gels 0 per cent, on his bond just :■ you or I would get if we owned a bond, and then gets besides *90,000 in cuneuc., which he loans to the people at com pounded interest every thirty, - xt-y or ninety days. ile has iuve.-.vd *100,000, and draws profit from 190,000. That looks to a man up t tree like the banker was getting *00,000 more than lie has paid lor. [Applau .-.] , You poor farmers driving your lit lb crooked-tailed mule, whoso hide fin been rubbed off by the liens on him and ; who is swaybaok from carrying a mort gage, get no such privilege.!. [Laughter and applause.] Do you know what com pound interest means? Let me tell you. Look at this silver dollar, it is mi light that a child can toss it with its tiny finger, and yet die you know how much it would amount to if that dollar was placed at compound interest at 21 per cent, for 100 years. It won d be more than *2,000,000,(KM), or taken by weight, would equal 89,000 tons oi silver, or by the carload would equal 89,000 carloads of solid silver, or 890 train load.-, stretched out on the track from here to Augusta, they would make one coutin nous train of silver, with the caboose resting oil the Savannah liver bridge and the engine whistling here in Ba'es- burg. [Applause.] The national banks have been using three hundred millions of the people’s money, aud you can sec what profits they have made. You lnvvt heard the expression of living on tin interest of what you owe. 'lh.it is liter ally what the national bunks arc doing. The *100,OUO of bonds they buy pays them regular profits, while they live on the lute rest of *90,000, or on what they owe the people. It reminds me of the miricle of the loaves and fishes. 11 old negro preacher said the Iwnvo apostles cat 5000 loaves and 2000 fishes, and the miracle was that they didn't ust. [Laughter.] It is a miracle to me that the national bankers have been able to swallow all their huge profits and not bins'. [Laughter.] The national banks in the beginning were established by the Republican party, but they were rechartered in 1882 when there were Democrats them to vote on the measure. Would nut you think it strange, that a man could stomach such a law and oppose the Huhtreasuiy ? And yet Senator Gall, Senator Ransom and Senator Hampton and others voted for renewing these charters. Mv friends, Senator Butler wants to abolish the natioual banks. All right, lot’s abolish them. Let’s assume that we have abolished them. Now, general, what will you give us iu their place? 1'iio farmers of America have asked - o favors at the hands of the government, they only ask a white man's ohauce iu a white man's country. [Applause,] Voice—Equal rights to all and special privileges to none is all we. a k. [ Applause.] Watson—Yes, aud we are going lo have it, too. [Applause.] Revolutions never turn backward. T’h is great movement is bound to go i n n and on. [Great applause.] Now, the government must issue money to the people. How are they going to do it? Heretofore the govern ment has been getting it out through bankers have not made ! as the culmination of wisdom of all stales- I,.,-., lienn of inealon- men of all ages. It Was the consummation of , ,, ,, . the subtreasury nine, hut it Moms after all ' he small land holders ot sounding of herna I am to be denounced If the plan is good in. if I veuture to discuss tills public measure orWftV why not in thu i They have become ashamed of their hint- , 1 ling, and 1101V they say it Is the plan and not Applause.j I the bill. I must do mv friend, who has just the man i preceded me, the justice to say that he has moiiey at 2 per been guilty of no bad faith, and that he has i,, u had the manhood to stand up here and §ay to ' I - ' 1 * ' uiy face all that he lias had to sav anil not ry honest mau 8a 'y it behind my hack. Tlio gentleman villing to pay 7 per cent for says I said that the man who borrowed p is.-, only 3 J par money at 2 per cent, never intended to pay . , ' ' i i it back, and that 7 per cent, was the rate of bonds, und I dm cut‘UP interest whii'di every | 1011 ,, B t man onght to tm will not ho so ffisnour-1 willing topay. My friend has had a good deal iV that t tie State of Georgia of fun and told a good many anecdotes at my i..n iv her bonds Tim expense. 1 liavo stood by the side of too lop.vy lur bonus. 1 he I lm £ y o{ tb0 R1W1 , peopla o( tlll , Ht «te to borrows now at 2 per cent, charge them wttli a desiro to defraud their he government. You all creditors, and any man who says that I s dd Iinient. Why, General «.p00 farmers In South Carolina wen- i, '! nwlndlors, tells what is absolutely raise, fttm Senator Butler), you are a | ^ ran( j u, e author of it oh a linr. [Groat >f the government, ami applause.] I have lived too long and seen ov at 2 per cant., and I too much to pauder at this time of life to 1 with Hll the rest of us gjEOT &S5K teminent uent is pwd. I j believe my people will do mo the justice lo say that when South Carolina has called on hat, L have cited me, I liavo responded without counting the , , . ' o', cost, whether in war or tn peace. [Ap- plau works when applied p ] 8UW- j 'l'pey have honored me a thousand ’ go ft step further and times more, perhaps, than I deserve, but they t-ii-urv will aot with have never yet put me In office, because I ever stated one fact which did not meet the , . . .approval of my conscience and judgment mortgaged to death. 1 [Applause ] Kansas was sold today I My friend rattier rebuked me because 1 would not bring have not amended the subtreasury hill. I luu e ,. . those twa hills here, and 1 will submit them pe , the mortgage.-i I ^ the v^ndid Judgment of any two sensible urns. In 1807, Lull men, and let them say If they could lie would pay I amended in tlmir present shano. I might a • I, .,r sifiAn v,. w it well try to amend the hill to pontoon the ° * 11 * Atlantio ocean or imlld a brldgeto the mom Laughter ] The bills wore introduced Into jongress and referred to a committee, and then wont Into the tomb of the Capulets and re never hoard of again. 1 never had an to nmeml them if I had wanted . tills g i i ui. i* - lurtv bales to cancel uMi. .i mi. Why is this? You , i it. hard to make it. But you work thiee times as hard tn pay n“ debt. Somebcdy bus robbed the value uf twenty liale-i of your (ir . liutier says the cause is] i.'lu.tHin, and that prices aie gov- opportunity to amend them if I 1 to. My frfond has spoken of the poverty of tho people, and tt any one had come up to that point tn Iiih speech ho would liavo supposed lie was talking of people who did not know where their next . i,y i he law of supply and demand, I meal was coining from, and yet I in.: nv lie contraction of the our-1 »m a good-looking set of men and y. Sup;- - Unit. 1 had *100,000 . i ■ think of it, just, for the It the sensation), this is all the *100. _ before mo a good-looking set of men anil ladles wb are well dressed and comely. [Applause ) I reckon If he would go Into any of your homes you would tie able to find a dust of meal and a potato or two, and meat bettr than the white meat which he spoke of and liioh made him vomit. [Laughter applause.] Whon my friend had hided Ids eloquent spoeoh l though . In order to get it I the political intllenlum hail come in; f ...» I and not to spunk It lrrevently that a political nmioditiHN to inn for I lnMM i a |, ] ia d 00 me. [Laughter and ap- g-t for I |iirtuse.) This day has brought ns tho on state currency, any ten or other uu if ihis tax “vas repealed ,it"(-r of us rotlid get tte- gather and start a 1 iink riglit. hero in Baton- burg, t know whs oi, ji„ timis they bring to these state hacks; hey talk about, wild-oat banks. Tlio bills.) the liant- of Charleston were good all over Buropt- Why can they not be ro Bg ffn ? All the objection ihn ! are urged to tlioso bar. ks could bo cm e,l by having a proper hank examiner an 1 requiring a proper rn- serve My friend iui ■ not know, perhaps. tiiat tlie national hi mk aet was copied from tile Now fork Ht it hank law. Tiffs land loan sy stem was tried in Florida and was a complete failure, it means tiiat mrtios wttli (5100,0( 0 , onli of land can pul t In a common poo , dup >sit tlm mor'gnges and iisite cm rone .. This would ho all right tf thoy to redeem these in< tiad their own time t , i ' s; but, what would uroveiit any oiv f m i Inlying up all thoir allis »ud demasidi ig their Ini! payment at once? It would in i: i i) : ,. sponsion of the hanks and owning of 11 our lands by capl tali It who choose in i.ny up tho issue and foreclose tho murh 1 am DO apotogis lor . utiutial hunks, and I favor their uhollsl m, hut 1 cannot go to tho I’ri sidimt or t. Con -res and personally demand il and in; I ro ml will find tiiat lie cannot do v o etthe) 1 regret, luy (r id-,, that luythlng from me seeins to vioiat i the courtesies of this oo- oasion. 1 appredftt . do you, tiio coming ot oar distinguisliml young lri< ml among us, nio to say ipvtlilng that and fir tm it from would seem dis’o miteoiu or Ill-tempered. [ Apiffauso] 1 re ereil to his reoord in the tlffrd party in ans \or to wliat it thouglit was sliarpcjdtlcl-m on nv record in this state and I’ongiuss. I do not , omlemu every man who dilTurs from me. .ife . too short mid tlie world is too large u.i to allow every man the freedom of ins i 'uvicliiMis. 1 am always willing to discuss piddle matters coolly and calmly. There 1ms he.,n ah; of a third party, but I believe tlmt when tlm lines urn dr awn there will he only the two old foes—tho Demo- cratlc and Itepiih ii .1,1 p Itil: [ Applauso.1 i! .or our people, and i, or good r port, lo staud There is hut one s tiiat is, tliniugli e\ undaunted iu sup| ort of Democratic prlnol- pies. To rmualii tmo to that p .rty which lias defeated tho machinations of those who would put ciiatn around our necks. The *500, and you *150 Yuu must have money com tho money you tit wh vour debts. Suppose I I electric railway, the traiis-ooiitinental o.itil . , , i,,.,,,, r w ; t h the electric light, the telephone, thegr qdic lino ami leave uiysolt witti | . on6i tll0 phonograph and Tom Watson hard for ni twic the f voliin md you as much ame amoi >100,000. irditical » lvcognizt-i declares go up c e of currency bad befoi ^ it, would be twice as 1 1 AVoioe - Hurrah for Tom Watson. , et lliat, money from I Senator Butter -Hurrah for Wat ’ , , . . I sav so, too. He is a now man. Just Cumo n. woI.ld have to give ,IIB I p^ht. He is going to Congress, lm is ^cim^ of your product* Uig«t| t0 smash the notional hanks, get pay for i which you got when l I your slaves, refund the cotton tax, pass th ■n,i , rwn rni/H.l law subtreasury bill, put money on trees, and I Ins is a ucognized law | g miough for one man to d lonomy. Adam nniltn, I [i, ftU gi,ter aud applause ] Ho says lie will authority on such nub-1 abolish the national banks. Well, I ami :i so many words that I favor of that, too. , , ,, I Mr. Watson—What will you give us in down, according as the I tl ,eir place!’ goes up or down, 1 - light made in the la-t (Jougress against tho forco hill, in my uplnicii, has no equal iu Anglo-Siixnn history In ttm recerd of parlia mentary battles, and yet some people ask what the. Democratic party has ilnuo Senator Butler then feelingly reviewed his mv record as a public servant declaring that lie had never failed to respond to iiio call of his people, and when the lime should come that ho -ould not have h , ih m uf spec li, but was expected lo champion measures which did have the endor-emei.l of his own judg- eiin rieiu lie would willingly re tie, people tlio trust they hud con fided to his keeping. He wns liber ally and warmly applauded throughout tiiis branch uf Ills speech, which was eloquent and affecting Bring this sub- treasury til11 home. .Suppose that instead of being a national measure it was a st ito bill, Introduei .1 ill to tin- firoliuu Legist it.uui. Do you suppose you could ever pass it? If you borrow ,-d money from State Treasurer Bates and did nut pay it bark, who would have to inako it good? Why tho tuxpayeis tho people and soil United States men’. win ho if you get it from tl Senator Butler—I would suggest state j treasury. Meniitir Untler thou dlsoussed the Ricardo says tlm same thing John Stow-1 banks. ,U- Mill, John Sherman, Henry Clay, all Twin" discuss the a ;ri ol to this proposition. I .,i ull um i ) 0 t y 0 u bring in the bill afterwards Money is not so much a thing ns It is the I [Daughter and applause.] representative of a iliing. Wherever con-1 X proposed in Congress to repeal the act ti-.o-uon in currency sets in hard times (ol-1 taxing state banks 10 per cent. Whon this low . Kir Rots rt it I. by his law of contrae-1 wrtS fione, I would nay to the fanners of this t on, lost lo four-fifths ‘of tho farmers ofl COU ntry, apply for a charter from Kn,timid th ‘Ir homes. Ixird Lastleroigli In-1 t ho slate, and ask authority , , . . 1 tl,,« I,ills in one night iu Parlm-1 p, issue 82 iu currency for *1 of capital, nn ol lo .,,in-Ik,' ,ie iho ooudltion of tho poo-1 'phis system answered our purpose years ago, pie, mul II, lucreaso of circulation wlileii I ami it wl,l answer again. I believe if you followed enabled the people to begin thu | ] ia ,i the Bank or Charleston, of Columbia work ot re, l.iimlng their homes, and of Batesburg, and of all other towns iu Pome people .ire land-poor. Under tills I the state who cared to put up tlio capital iaiui-h-.u, .-ysn-iu which wo propose he could I authorizing an Issue of two for one, that „.|i pm .and, with tire money re-1 this would meet the troubles ot which wo <-ei, I 'hpui i in, rr-si of Ids property iu good j nowrcinplain order. Oiu nnn would say: I will give you I A Voice—Where would you get the money •;(i ,ui a, for 100 acres of land. 11 to establish a bank ? Will borrow two-thirds of the amount I Oun. Butler—'Work for it. {min the government and give you I They say I have not offered any remedy tlm money. Yon give mo a deed, so I can I t j lat [ s ono 0 f my remedies. In every in d,-|i-i.sit it and gut the money, then 1 will I stance cited by Mr. Watson he does not ,ou a sec ,i,d mortgage to secure tlio I to hoar In mind that the money was halmn-e of tlii, money. I Issued tlirough bunking Institutions, and not Jnsi .ol of h'oinga tenant this man would I Ji ro ctly by tho government. I will admit u ,.,a land owner, and would begin to 1 1 |,at so long as it is a commodity, cotton improve it and uiako it more valuable to I j UH t as good security for currency as sliver hiins-ilf and tlio county and the stato. The I bullion. [Applause.] at. Which lie would pay tho govern-1 Mr. Watson—Ain’t that tho subtreasury? m.-lit. on till) '900 which he borrowed would 1 Gen. Butler—No. Tlie subtreasury, in a ho lint pv, a ye .r, aud say that he paid 4 per I few words, is a proposition that tho govern ....a, to the im-iner on tlm balance of $200,1 m ent sliullissue ruonoy directly to the people ol ill leferonro to Senator Butler, make it I In answer to this, I say that the constitii 7 , and it would liehiit$14, making turn simply prohibits it. In this day it is - :J 111 all which ho would pay per year in considered old fogylsmto refer to tho const! ini, ., t, which would ho cheaper thau rent-1 tu tiou. Tome, however, it is a living, vital in- lh,- hind, lie would soon make the I powerful protection to the liberties of the , to pay off tho debt and would be a ,, B0 , ( | 0 . ft is more important today than hotter citi/.-iii. aud Ids homo woold he better I ever. It stands as a bulwark, as a stone wall rt llius you see the beneficent work-1 au ever-living, vital force against the ag in ; of lids law. gression of tho radical forces ol tlio Noriti s.'o.... 1.1’- go a stop further Slid tako tho I [Great applause] I should like to have - sul, 1 re i- ry prop-r, whic.li is the ootton loan I heard my friend say something about thu tio, wlu-ai, loan From century to cen-1 Denns ratio party, l’f tho newspapers are to luu th. val'U ofa liusliol of wlioat differs I ba believed (and of course they are), lie ha, h:,.i tinhi ile- value ol an ounce of silver. I „( i aUJ> over In Georgia, been assailing Damo- Ooru and cotton represent the labor of men, I erntic leaders and advocating a third party. . i : :,or, al'er ail, is the unit of value. I Mr. Watson - Are you discussing now th Oum-iiey li, - *1 oil cotton, corn and wheat, I subtreasury jdan or the hill? will is lia-ed on labor, wliicli is the true I Senator Butlor—I am criticizing the record value, .ml not on silver and gold. You will I 0 f gentleman as he lias done mine iu hi ir have contraction or inflation with such I speech. [Applause ] a currency. There can lie no inflation when I \jr. Watsou—I came bore by invitation to the fciicocj keeps puce with the legitimate I discuss tho subtreasury plan. I did not growth and development of tho oonlryu. _ I know nor suppose, that my individual pollti li IS argued that we will have to build I (;a l record was a matter of interest or discus wiii olioii-s and employ an army of fed-1 „i ou ou this ooeasiou. Of course, if tho gen oral officers. This is not quees-1 tleman wishes to go into such personal mat r,. '1 lie hill ran provide that ters, I must bo allowed time to reply to him Take tiffs certificate of deposit I ’’ Mr." Watson—Then sail in, I am ready to currency. If Geu. Butler I re piy and defend anything I have said or national banks, but Senator Butler and two faciois wfi<> own warehouses may I witliout having it taken out of iiny time T have iust abolished the national banks, give bond and security, to be improved by I which Ih allowed for dehatiug the matter be _ | v, j, tin, circuit judge, and thus no warehouses I f ol .„ [Applauso] [Laughter.] No\v,buw aie tliey going n „, lt lm xiie bonds which they give Senator Butlor—I will give you all the to issue tins money? >Ve say on the wlu hol ,( t hom aniinst issuing yon Uniwoper I ti me you want staple products of the country. Let us certificates UUk about it calmly and logically. This ^J^wlth this we will try to find an-1 dine. [Applause.], is not such a new idea, it has been ol 1( , r p] au which will meet Ids objection. I Seuator Butler—I would not say a word tried by banks anil governments before They say Unit the farmers would all draw I that might be construed as transcending the f 0 .i„ v ; their money in the fall and all turn it buck I amenites of this occasion, aud without dis- U'nl l.ank nf Amsterdam had 1,1 tlie H l ,rill K“ In their objections they senn | oussing furthor the personal bourse of tlio 1 he great bank ot Amsterdam, naa i lilv „Yhe idea tiiat every f irmer will go gtmtleman, I will Bimply say, that I believe subtreasury, pure and simple. me up together un d got bis money and all go I t | ie doctrines wli'cli ho is ailvocating, if per- ueople brought their silver aud gold and back together. This is not so. You would I severed in, will result iu a third party, the hank issued their notes upon it. Not go at one time. J at another, apd so it would a Voice—You will have to go to Columbia the bank issued \ uu 1 go on all the year tlirough, without trouble I » et j t . How about Haskell? only did they Dru g Sliver ana ^oiu cui- ull< | without. div.iirbaiice of thepnblio credit. I Senator iiutler—That was u movement rency but gold jewelry. A silver cup, This is no class legislation. The mail hi I which I did all in my power to discourage, or silver plate ami it was weighed and the country or the man in the town, the I Lot a lesson to us. There never has ... i , n it- nartificalH of deposit white man or tho black man, tho preacher I b eeni there is not now, aud there never will tlie bank gave its ceitilicalo of [ o- ()i , 1)l0 i aw y„ ri u, B (armor or the scliool I p,. r0()lu [ or a third puny in Soutli Carolina, which passed as currency. Ihrs was uwcli( . r( cuu share alike its henettUi. The I [Great applause.] subtreasury, pure aud simple, three bun- omnipotent arms of tiffs beneficent scheme I vn la t the Alliance needs to do is to adhere dred veais a-ro The banks of .Sweden would lift Hus Whole country to a state of to the principles for which it was organized, died yearn ago. ine dbukb or owe r08]writy , v liioh tho world lies never soon lt it would do this it would protect tlio went further and took the position tint - film man who has seen hard times 1 farmers against tho evils they complain of. land was as good security as silver and iUl j begins to prosper, wants to see others I The jute trust was brought to its knees by irold When a farmer wanted to bor-' prosper, ilo is like a man who gets religion, | solid stand of tho Alliance, and if they he wants to see everybody olse get it too. I wuu ia take a like stand in tlie matter of cotton piitics of tlio tariff, and concluded by summarizing ids argument as follows: Tirat the refief for the farmers lay not in the subtreasury. hut in the re-election of a Democratic congre'-s, the repeal of the tariff, the repeal ol tlio 10 |Mir eei i. lax on tlie state hanks, the re,motion of public expenses, tho reduction of tux.uion and free i olnago ot silver. [Great uppisusol At It WATSON'S RICJOlNDKlt., General Butler said I talked about bulld- hg a bridge to tl.e nmou. Uo has built it, liu- orovied over it, and Ires staid at tlio other ml ot it. Ito Inn discussed evoiytlffngex- ept tlm mihtre ury plan. [Apniaus.] 1I» accuses nr, ot not uavtnc tlisou—ad it. 1 appeal lo you, if I did not statu, first, the d »y-tom, tlm evil which it involves and tlie remedy which wo propose. X gavo you illustrations, figures and urg imuiit from tlie Htuudxioiut of principle, precedent and prac tice. [ Applause.] The principle of the subtreasury is simply to lot tlio people got money as cheap i. the government now fiiruisliej it to toe national banks. Wo don't care about tlie del alls of the system; all we want is to he pul ou an equal footing. Mr. Watsou then proceeded to sum up aud review Ills argument, during which ho was interrupted a number of times by inquiries from persons iu tlie crowd, both perti nent and impertinent, hilt ho nevor once lost his temper, and, . iu per fect good humor, replied to every one, and usually tlio questioner wan willing etiougli to sit down, while Mr. Watsou was greeted each time with renewed applause. The most notable interruptions were as follows: .V Voice- Vim are you for for speaker? Watson—The man nearest to the Ocala platform. If them is a candidate who stands ..plainly on tlie Ocala platform, and ho don’t got hut two votes, ouoof them will bo mine. (ion. Butlor II tlio Ocala platform is sub mitted to the National Democratic conven tion, and they do not adopt it us tlio bnino- cratlc platform, how will you vote then? Watsou—“‘Sufficient uuto the day is the, evil thereof.” Now. all that is necessary for mo to say is that I stand squarely on the- Ocala platform. 1 moan to stay with it, wherever it carries me. We contend tha, tlie Ocala platform con tains only Democrat ic yirin. iplea, ayd we lire for those piinciples rather than for names. Who are thu Democrats? Who have achieved Democra’lo victories in the past? Are they not tlie men before you? The AUiiinceinouoi today, if wo wore good Democrats thou and are following only Democratic principles now, why are we not till Democrats'.’ Aud if.we, as Democrats, iliooso to write a plaitorm, why can we not demand of our servants that they come and stand ou this platform? [Great applause j Senator Butler lias denounced tlio tariff row money, they went to the tax book, ] and let him ha.. ‘ of t ' ho | Then foil not afford to take such a position. He cannot say, that lie will discuss a meas ure, and not the principle which under- lies that measure. We do not claim that the subtreasury bill, as now pre- pared, is perfect. Tho details of thq bill are subject to amendment, as are all such important measures. I do not know any important measures that ever passed Congress, or a state Legislature, without amendment to the original draft of the bill. If the Lord’s prayer was introduced into the Georgia Legislature .. ties, aud say to tho manufacturers who are . _ lowed, iu eouclusion, a most elo- J reaping their millions out of tiffs trust, that amount for whioh he returned his lauds quent peroration of shout ten minutes, which j they would no longer uso cotton ties,but would for taxation and not at 7 per cent.,either, : any mi- wlm has ever" heard Mr. Watsou tie tll eir bales with rope or wire until the tor taxation, ana o l ’ speak knows that it is impossible to correctly manufacturers reduced cotton ties to a fair Which gaGen. Butler Rays uve JJ'| report. ToaUompt to synopsis it, would be I price, tlie Alliance would bo tilling its true The first national bank note was issued I decent man ought, to pay. In : to mar a gem of oratory which held the large function and tlie farmers of tiff-, country 1803. When was Gottys- 1 Sweden the farmers got their ; audience absolutely ..spellbound, and juade j wmiM have the whole matter in their own at 4 per cent. When oven tlie reporters lay asple tlteir pencils to I hands. listen. At its conclusion the applause and] This subtreasury bill will putus body and Dec. 21, burg fought? July 1, 2 and 8, 1803. mossy - , , I ,,0-ou. rms suuireafluiy o,,t «... —"J All men recognize that the war was it came to town properly the amount oi . ( .| loor [ug were routlnuud forsevorai minutes. S0H ] \ n n, e hands of the federal power, practically over after that great battle. I fire insurance which companies look on j M . n.vi ok litvri.KU upi-uis. _ | The constitution ssy* It was tlien tiiat tlie foreign powers, j property whioh were about to recognize us us a valuation. xi.w» »•">;’ ""‘yrT ;] proadied me for discussing tl.e subtreasury foreign nation, declared tnat they could : 1830. Since then the Bank ol imgiaio ,, x>iil at Prosperity. ] was iuvitud tliere. they not do so. But, while the first national j has suspended payment more than j t . ity , to dis .uss the subtreasury plan. Well bank note was issued Dec. 21, 18(58, the once. But this little bank lending j national banks did not really get started, ] money at 4 per cent, on the modes , 1( |*m outside ot that bill, it and it was in June, 1804, that another | homes of the people has never closed us , law was passed under which these doors. [Great applause.] • — Mr. \Vatsou lias re- I of appropiations made by law. Not a dollar goes into the treasury except by taxation, except tlie revenue from patents aud the sale of pubiio lands. Whero are you going to get tins money to issue to tho people at 2 per cent. ? UMlra „ 0 . , , . .. My friend claims that I liavo suggested no and it was in June, 1804, that another I homes of the people has never closed us ■ t Geforo ms. That bill was In- remedy for the trouble. History will show audit was in oune, loot, ™«i 'a.. 1 troduced into Congress, and paraded 1 that I have, with all good Democrats, been and says that some Alliuucemeu say ^tlie tariff does not amount to anything. This duos not mean me. Iain opposed to tho whole system. I am a free trader out aud out and ‘he only one in thu Georgia delegation. Mr. Watsou than reviewed one by ono tho planks iu the O,ala platform, maintaining tiiat each was good Democratic doctrinoo Tiffs part of his arguim-nt l as been reported before in Cub Chkoniolb, and it is not necessary to repeat it Imre. The only other hitfuilicrtiit incident iu his closing remarks was the show of hands. He followed out the Georgia practice of takiug a vote. He submitted three propositions to the crowd: First. A l iu favor of the Ocala plaitoriu— all opposed to it. Second. All in favor of the subtreasury— all opposed to it Third. All in favor of my position today- all in favor of Senator Muller's. In each instance the vote in the atKrinativ* was absolutely overwhelming; and Senator Butlor lumself smilingly admitted that Mr. Watson had the crowd with him. ? Mr. Watson closed by saying that ho would bring back to Georgia a message full of eu- couragement, ■ and he urged upon Carolina Alliancemeu to stand <•>' their colors and keep in the middle of tho road. I am uo messiaji, but L thank God that He croateu me when Ho did, that I may hear an humble part in this groat work of relieving my fellow man from tlie crushing burden under which they labor. [Groat applause.] Mr. Watson had an ovation from yie crowd, and tin ro i; no disputing the fact that he made a line impivsbon upon ul) who heard him. Senator Butler aud he parted warm friends, and the senator told hi in he was not satisfied, but was coming over to Georgia mid discuss tho question again. Mr. Watson told him no would he glad to welcome ldm in Georgia, and to debate tho question with him at any time. K. B. H.
