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*0 THE WEEKLY CONSTITUTION 1 . ATLANTA, GA„ TUESDAY JANUARY 26 18€6 SENATOR BROWN’S SPEECH IN THE U. S. SENATE ON THE SILVER QUESTION. Bprech'cf »• aator Joseph JS. Drown on Mr. Book** Resolution Begirding ibo Full Keeotnltlon of SUror nara JEqu*l Dart of tbo Currenojr- Hard Bits at the Gold Bats. On Thursday, the 14th, Mr. Brown addressed] the senate.! Mr. Brown—I ask nnanimou* consent to take npl Ihe resolution submitted 1»y t!so senator from Ken| lucky (Mr. Beck) on tlic silver question, with a view of submitting some remarks u|*on it. The piesiding officer—Unaulmou' couv.-ut is Rranted. the chair hearing no objection. The senate resumed the con-idcratimi of the r« elution submitted Dccemlicr I*. im\ hy Mr. J i ck, relative to the payment of customs due < i.u disbursement* pjerewyh- Mr. Biown-Mr. President, the silver. quesUBH In no m use a imrtjr question. Many of the leading democrat* both in and out of congress dWVr with the president, secretary o' (he treasury, niitlmjag ricmocrr.i it lender-* U|<ou N que*tlo*i Mu themr*t dhtingulslicd and intelligent les« the rclniblJcau party agree with the pic Man secrete;v of the ireaMnv " ‘ large rr r now hi r* continue d. at feast to the extant now purer]bed by law, w bile some think llif* an nual coinage should be lncrca*cd to a liK'hvr fir- me. No senator or representative,no matter which side h«- take# of till* Important question, ean Ik* ♦ lihigt*. wilhaosul « : .'.ally tohUp* (you . e- • oui.t < I tits j*oMtlon. I h>eno iieMta: miIic*- prcrrliip my delibcrai • and fixed opinio.; t.» it It would he unwise and unjust to the people of this country to discontinue the coinage of sliver at prereut or to lessen the amount annuail/ coined under the prcarul law. . An intelligent writer fin* lately made the sta ment that the national public debts of the elv l/ed world, embracing mainiy the public debt- ■■ people n re pa/inginore tliau an average of four per cent. or »l .oob.ooo.ooo per annum of Interest, The same writer h of opinion that all the state ■1 1 Mate ...... „ j debts of the world aggrc/nN id out V/O.OiKt.Wvj**), making (fit? liidebt- mid county and would !<c three billions a year of Intorcrt, ...... which the iatior of Hie people Is now laved, nn annual interest of twice the amount of the w hole piddle debt of the United Btntei. T1»e holders of thl* immense amount of hinds and other obligations form scliiv, and the laboring iKople of the world wlio are wealth producing and • r to pay this euomio— -—aug . her class. T I<M Uui creditor claw I InteitMof the creditor clata, holding this ini manse amount of boo«H and liens upon the lala.r or the |«oplc, to have hotii tlie principal and interest paid lit the mo4 valuable currency which it is In their power to receive from the debtor clasa. These lands nml otiier nMIgntloiiH, so for ns tills (outdry Is concerned, were conn acted to l»e paid In a find currency, »pc< lllod and defined in the contract. Mon of the dc bt w as contracted durlug the war, and It was agreed U*tween the debtor and the cmlllor as to I fid forever part of It that the debt should la? tmid in lav. ml money of the United fctaUt, nr greenbai ks, vhlch were .then the lawful tity ui tie i oiintry, and, in fact, and during n not lit- fill© lime one silver was worth two dolfort and a half in green- backs. A fanner fuinfifilng fin on to the nriny worth $100 in silver, received $-'<n In greenbacks, or a loud or the government for S'AK). In other words, he at i ivi d in a laud of tin* United States two and a JndJ limes ns much »* iris bacon would have brought In silver. The nunc wnstrtieof the man- nfn< lure r, the nieteliant, ami nil other cIawcm who fnruMud supplies to the army of the United Suites. Thu* the matter aloud at the cud of the war. Tho UiiiOhoMcra during all (lie period while green- lacks were so heavily depreciated got two or two and a hrlf times ns murfi in lands for the articles deli vend by them to the government as they Mould have brought in gold or silver. In that Mate of tlie ease what jicciillar obligation routed upon the government of the United Staten to nay these bomb In a latter currency than was provided for any other creditor of the United fttutc*. What peculiar claim did the bondholder, who obtain* d tdf bonds during (id* stage of tuffotion and got this large im-rvu-c pjhui the gob) or silver value t f his comniMliticr, tiavo to la paid in better dinchcv than the fiatnmcnf mankind who might l«crcditor»bf the Unit* d states? Why should lie reedv# la payment a Utter currency than tho min) or tin* navy or the clerks' In the department* or if)c day laborer i»holds upon the puhlta workn of the Uidled Slutes? 11 nil ecu no reason whatever w hy the disrilmiuathm should haw been matin In his fhVor. The-soldiers wlio imperiled lbetr live* In the Morin of ftattie received (heir wagoa in greent-ncks. Tlielr widows and minor chlldrcu, whne iIn; iiuslmuds slid fathers wore slain In hat- lit . lecrlved their lausions In greenbaeks, mid I Im di vv they still do. All tliooihcvrvuml eniploytw of the goveriiineiit received their eompcnsnt!o:i In g:<cut seks, and J relieve they still do. Thomou w ho lAficd hptm the new icssrb of the navy, as well hs dm men who laboied during the extremes ol htr.t mid cold in tlio linprovement of your ilviis mid liailairs, iveeixed tlielr pay in green- l neks, nml they sitli do. IVhat greater e.iulty ex- i od in favor of tlie bondholder IIiaii existed in i.<\oi of either of the classes to which I have re If ml ? If thore were any l am not aware of It. hut the association of lioiidholders. on account ol tin largo ioereaae Uiat Iim lorn |ialdUivin above H e gold and sliver standard, had nnenormoiLH otmtof our securities- fit their hands. The debt iHii.lt d to gi, 1 70<l.000«X) at tho cud of tho war, d wlillc a portion of thl* debt was owned hy • . ty clam lu the community the great bulk or ft longed to a comparatively small clam ol capl- . dsta who were aide, when a United states bond t federal l« ndholder lor ye s bti then iitr •*?e iy fusty cent. 1:: the dollar in gold in the passage of tl p net or 1 tO'.i th *y lo I’tir. I’/on the passage of fin* act of -i«r.tu.i : to to,:, and shier (hat, a- ! slid j :t!.< ij a’ tailing tine from year t * ; tu j iici in gold only. »*•-Idle all theothev ■ •* * - -rntca are required tn takt lionds have steadily nd- allveror grtenbseks, tl- — isr.ccd, linn! tiicv are now worth IWto l-t lu the mm Let. and Mill tin try i' th.i: the patriotic bond- lioVri- r.im-t la dealt libern’ly with, and that the taxes of the |h ople must la Increased to give them a tatter tun era y than other jaojde re cire. sons lo keep up ti.t runh of the United Mates. I think It proper that we keep the credit up to a point that is ira-onablc. When a :s per cent l#oud U tit par. I do not fan- totax the people to put t he credit onv higher, ff. with the surplus hi the treiMiiy horn )* arto year, we have to purchase the 1 pet it: :• t«. ku-p up tlie sinking fund. I do not desire that the tooplc ’.rhu sold them for W to -V) cents In the dollar ray I JO to mo for them There t fai that vf I'lifted S' order !•> bondh*.:<* I th!i l. w ho h;.s i public C.V tit at ail t r reason tiorjnstfee lnthcd?ma:id dcp w lst? part of the currency of the n:o . f.anicJr. grc< uU»<and sflivr, in ir.alo- gold imm tAluah'e and pay the i j - h moreexlioildtant pr! oilir o pay out H ndliutch of cu red If or* alike, finds the treasury the nublie debtor • <h a racier, should r«u'd pay to the laud- r the work. rxsteiiMtlrally, 1 likvo no *kmhl. and nvod Hie cclumtis of Intnu-nttal ncwspajani and tho liralns of InlUirnttal men, and they dually had tho idvaMiie to sec tho pas'rtgo of the act of 1»W. de viating that the principal of tlie I Hinds as well ax the interest should be paid In t-olii. There hi an (XKptloii In Ibis 1, applicable toavortaiti »law. of IHmd*. but the exception wax Mupmlilleil ns to destroy its eflbct ami leave the ntlw substan- (iaiiy a» above statml. Tbi-to was no tiew cofisMcratlon for this impor tant alteration lu theiviuract mi far as the then Uuidholderx were ronccriiv«l. Many of them got their lauds wbett rihe legal money of the United States, grccnltacks, were w depreciated that the tMindft only cost them alniut forty cents lu the dol lar in gold or silver, and tho contract between tlum.and the jtcoplc wax that the ImhuU might bo paid in the same curieney tiny gave for them, to- wit tn greeubaeks, or In law nil money, a* It wax calk a. InMt-ad of carrying out tills comraet eon gtv»* gnitllied them by the |Hissafe of the aet atmve titcnUoued, by whitTi It d«-vUuvhI that they Mmnhl —.— i.. ttieer. i.l they twelve isiyuient in coin, that Is. tn gold < but the) were not conteut with tills, a.. . IH_ ►oon had the pleasure to see the passage of anoth er act, which t»dated nth of July, 1X70, authorising (he refunding of the torntt ami prescribing that the new I stilus should la paid til coin of the sUud aid value prescribed hy law at the date* of Uie |ta->sgt i>l this tut. The gold dollar then consl-ted of ‘25 * graiui of standard gold, and the stiver dollar of III..) grains of standard silver. Jhd let it bo borne In mind shat while they we.. procuring this legislation greatly ouhaiu-uu ttio valtw ot their securities, they did agree to re.wlvo ilunlns, as neltecr the weight of tlie sliver nor Uie cold dollar has been changed by law since that .me. Sow, wc would natural!i enough conclude that 1 system of changing the contract from time to b * at each change making H more valuable to tuc creditor party, tiad been carried liar enough, ami that the people would not be a*ked to do more than pay an original green lack debt worth to *ents in the dollar in thr gold and silver coin of the Mai dap! of 1970. or the gold and silver coin of the iwfaetn dtte. But not tsmteut with the ad vantages they had obtained over the loople, the next sirp waa that or deim>uetlzlng silver. Wlut would bar#been the eflbct if silver could have beoutcimanentlydemeniKlxrd. and the coinage *»f ll.e Maudant Mlvvr dollar «iu- eotitlnttrd ' and the guarantee given that nothing but gotd should be tceelvcd lu went Of the public debt? This would Mill fat have enhanbrd the v*alno of their bonds,i.. .. would largely have diminished Ibequantily of the coin with which, under the contract, they were u> he |>ald by striking down silver coin, which wo-iid have greatly im-n anM tin- value of the gold coin, whirh would have then been the only coin we could liave had to give them inpayment. Tula would have added probably from -*s to O i*er **ent to tl»e value of their bonds, nml it w wild have cn- hamed thelHmleux of the m-ople out of whoie labor they must be paid a like amount. Unt after the art douum. tt ing silver had gone into effort, th# people, who Ml that they had at- n-ailyUeu greatly tvivng*d. determined to take the matter into their ow n hands, and limy sent rei rwei.totlufx to congress to repeal the act demon- ctf/ing Mlu-r and prov(>l« tor a reason able amount of anuual coinage, and a very mode rate amount under the rirriumtettoca. As the pco- E le rime that period, at each biennial election. avc selected memlers of congre?i who could not be rhatmvd by the WHluctlve iuluenceof this groat l«een ct tntellcd to take silver or greenbacks, as to coni lute to receive gold alone lu payment or both „ iml Mr lT*-»ldent. If you payout tw.*ntyor Ihhly <■' fi'ity million.' of dollar• a year to the pith- lie creditor* who arc a very influential and power- fultia*- v'• make it tlielr intci' d in Wcm.Iuu up flit-1 f stiver, wIdle if.von par then in gold ,11.*) will Ih- alw ays at tempting to (lepreriate ■ to n.akc tl,c- gold re* elved by them more val- •illative of more property. I “the bund uable i ...JR . -dltor alike. If you pay .... bolder in m i amt e, pay «oi to the laborer, a 1 II tin it Isicm! v any diifetem in tho ptirchn-k : I-*»V'I » of tin k< i mid silver d- 'Jar, there Is grra leanc. v.h) tl,. .'tordfcr ider. 1 . Wetroftln- o-;; , . i take tlie silver dollar than time i v. : y the laborer should take it and Iravl* the u*-ld dollar to the bondholder. Th* te i> a great c lamor nn the part of the Imtid- holdetr- IV r n sitsiH nsibji of the colna:p’Of silver, and mtw h upprelieiision on account of tin- large amount of silver dollar* lying In Ih.r treioiry vaults Now, J sry it Is the duty of the secretary of the tn asury to «Il*po*o of titrate stiver dollars by pacing tbci i out to ihepul.lle cre*Iitors whenever nii)lfiieg due. and the ftondholrier should take Ids full si.me of them. If tills does not dlspi ' The lioMciCof each ccrtlfleote then has the faith of ihe goven iiH-nt pledged to him that thesilrer lies 11 the vaults of the inanity to pay the certificate n'rmy moment when it li prese tted. The btisi t «ss of tlie country nqnlrga tnoie circulation, and i\*i) surplus silver *t«>:Iar and every surplus gold I'olfnr that Is lying in the treasury vaults Idle, not I art of the nee wary re-erxe. should Ih* put into < tfrulatlon bv asitver or a gold certig'-nte. U c me tc»M that wo may carry two hundred and 1 ilcen million of silver dollars, which «•« its* • olucd ami which are now In tliia country, hut that if we continue to coin rllver we will soon b- overrun by the quantity. 7 he greater danger is. i we cm "wage tnc contraction of currency to n j oint I elow what is needed by the great buduesi .nt*i(stx wc will produce fttringem-v, and ew: panic, throwing large clasaca out ofcmploymen and ; to*ii:ciiig geiicral depression und dt-nioraliza- '.ion in the different pursuits of life. Now, I Lave no hesitation Jn saying that If we had; f‘.00,000,COO more of silver coin thrown by Its i-stop the coinage of silver we contract the < v Mt h ast r^.noo.tjoo per antium. T' ' nunlly coined Into silver dollars rut into fJiculntli.il held from circulation. . _ _ «oin the tJ H .tOO,OCO. Ill other words, out of the sll- iii rf the nmniry f*>,00U ( O00 are made each )*ar n.d thrown into eirculatiou, wlit* h v<uid not g«> into ( Irr-ulatlon if the * 'tided, and to that extent depret- and w e add to that 9(^.000.000 an nn* Ur of silver coin withheld, we shall produce a -tati- of striugr-iicy in this country that may l»o ..... j v ii, ( . large credit ’* *— tenry with full legal tender finality without detri ment lo our buslnem? We have fifteen to twenty million* more of popu lation H.Rn clilur France or Germany. Ourterri- toty 1- several limes large as the territory of ItH-ul f ir* ulatiag medium than both >f them together. Wc ;.re told that both the se im* lour l t nve Mopped the coinage of silver, and that 'ft'? ’ Hum. then 111 ill * norub I pa)iug ft.ten (rctaiy of the treasury xiiouM call •ij , in on which tin* people are now , tonltsorb tlie silver dollar a Hint • treasury, and thus relieve the pe#- ■ ount of interest which they r - el't to nil elu’v appioprlatcd. If not otli'.-rwlse lake. 'I be ne*t to pay a debt in the very currency editor bv the contract ha- agreed to oiilrnet in this case, a* amended at .be treaMiry, dollars the RHMHRt ... Atncricnn ntffl blush w lien tlie government out in honest, strict, good initli its contract with Its al nays them lu the very currency it din.i - have contracted to take, yic-f-clved into tlio treasury from cus toms on iui|mrt<d goods is, under the law, to be olUittd In (oln, nod I- by art of congress flr-t sfH*- Inliy M-t opart for tin- p:i* incut of the lute rest on he publ.'f flf-l.t. Tlx-1 outran with tlie Ixmdliold- - ts. II** n. I> to take the coin of the United States, either gold or sliver. Tlie art rf eougresa require* he f oin Hint I- received for duties on Import.^ lo U- it ni nrt lor the payment of tliu lutea-st uinm the tiblJe debt. A large portkiqof the customs l* paid In silver oin. nn*f )et not a dollar ot tills (-oin, wldeli lx he fUliti.cy ngici^l on by the par lea to the contract, and which fx 11 Hally set apart by net of r(Ingres* to tbnt use, Is aid to u single bondholder. The silver dollars are eservt-d for the peoj.le, the laborer*, the debt pay- ng class; the gold dollar* nro reserved for the oudhohU rx, w ho ate the i retlltor cla*s, all the Im- iii-nse iMtwer and Inflncitco of that claxs or*' con- slantly brought to bear to depreciate the value of silver. In which the jioopleare paid, and entmuco the value of gotd. in w iih-h- the lamdliolder.* arc i aid. Tills it* neither fair dealing nor oohimon honesty. Till* I?, a subject it) uii which the jieoplf siionld !<c aroused, and they sliouhl require tnelr repre- K’niative , no matter jn what «ie]Hirtroent of the governnuuk, toK-e toll tnnt Ihixlnw I* executed *ud the eotUtacL of tho government with the toqndholdef ’ ** * * • «tlm treasury tuny nt any time p«i liondholdrix and otlu-r credit cst, and .ffpMHnVt-, icople. The secretiny of the treasury tells us lu 'hi* retail that the ( Stlmatcd ninoiitit of gold and hi why v.c should do so. me told l«y the secretary of the treasury that any Im* four to live iiuudred million* of r mark*, fh thaler*, of imliinite«l legal tender, ntui that Frame has six hundred mtllioua of flve- frr.ue silver piece* of unlimited legal lender, while wc have but two hundred and* fifteen millions ol legal tender silver dollar*. In other wools, France m.d Geiinnu) have three times ns ii.it. legal-tender silver coin as we have. We eertaiuly have need of ns much its they can carry. We hear of no panic in tlie money iiimtct there, no selling of gold nt a premium, and no difficulty about legal-tender sllvercoinx answer* Iviiull the purjg.se* ot money. We can then very finely, to meet the demands of our immense bu«i- nos. i oln Tour hundicd million* more than wo l av" at pcs* nt, and we will tlieu have lea* legal fei.der silver coin than they have in France and f.t-iicony, and little more tlinn France alone. If th*-v cun ouryit without difficulty, why may not we do likewise? 'I lie Flitted HI ale* is probably the lieaviestpro- di.o-r of silver In the World. The United State* m.d Mexico together produce about one half of all tl.o silver ruined In trie world. Why, then, should Freni the earliest ngt n or civilization silver and gold liuve l<ecu the metals i;*ed for the coinage of y of the world. In all age* they have . .. 1 —jj |e y equal. The * in hl< rejKirt -liver i«AI jH?r dills of mankind, while have of gold alou' *' . nt. and of silver nlsout t-», then. If wo Mtike dow n silver n* money and nil other nation* were to follow our example, we would destroy n i a- than one-half of all tlie money in the world, und more Hum cue-third of our own metallic money, and would reduce pmiK-rty to one-Jiulf its cut urinlnnl value, u stop lnt?i •in in tin* l lilted state* on the tfUti of June IS.-. was s vjo.iHhMMI, 9.\IJ.ut)U,UH) of which n id of gold coin uml < $2?*.tit’0.000of ailvcrcuiu. idxt- learly • dof- apert; ... . ..«f It would cod the •lass twice a* much prot>crty to pay tlielr debts a* It now coats when IhiIIi tlie metals are coined and used n* money. Now, while it is admitted lliut M mt rent, of the metallic money or the world u silver, ills sought lo stop the coinage of Dial metal bccau-o it J* said its market value I* not nt present the equal of our gold unit; In other words, that 11-..'* grain* of standard silver i* not worth In the market a standard gold dollar, w hich Mhe unit of the United Stales. Why is It that silver, which d< to thejicriod of the commencement of the war. _ 10 fori, wn* worth a premium a* compared with the gold coin, ha* since fallen until the metal 1* not worth more than so cents in the dollar ? This has resulted not from a superabundance of sl\v but from the unfriendly legislation of (tn 1 Hrltiilii. Germany nud tlie I tilled States. Hie principal commercial nations of the wot.. w ill discontinue tho coinage of gold ns money it will decrease in value faster (hail silver hit* done, as it 1* a metal net so well suited for tun.* In tho UKclmnic art* and for various domestic purposes a* silver. Tlie superiority in value that it now liu« — r ^ entirely r - / —• she adopts exactly the reverse of It in her ImmMV possession* in India. There gold i* demoneii'.cd and fitter i- the legal tender. Hy thin policy Great Ilritniuis enabled to draw the gold tuio the ex changes of the home government arid to put off any quantity < f *nrp1nx silver that she may havei on her possession* in India. And having there subjects, she ha* an immense vent for all the silver Hint she may lit- able to control. This i- a shrewd piece of tin ancle ring. At one end of the line gold I* the legal money, at the other end silver alone I* the legal money. At one end gold Ls d< monetized, nt tlie other end silver is demonetiz ed. While wc have not # country wtth the im-r it cm e population of India to absorb and meoui silver, wc have a country of much treater extent] and with a population more productive than the! whole of India to use the silver which is annually taken from our mines, even if a much larger p- pot Hot i of it were converted into coin. As I have already stated, we are lu no danger of having our gold drained out of this country and J silver ttn|>oited to take its place as long as the balance of trade lenuiin* in our favor a* between] us and the vrltuliml Knrvpeutt nation-, j As two of the chief lowers of Europe coin gold a* their legal tender, and nil (ou.ineieia! settlement* arc made in gold, we get the benefit of it. and our stock of gold is| (oiu-tantly inereusul by a drain from those I Hon* into thi- country torettle balances In ou lother view of the mbjeet In favor of I Ihit tbete h Iwi-to which I wish to refer In this connection, (t a v ell known fact that adverts tlie principal mon- r medium ofexchnnge tt*ed In China British * din. Japan and in fact all the other eastern nath Mote than two-thirds of the people of the globe i.. fer it to gold and use it chiefly ax their money. South America is a large producer of both gold and silver; o Is Mexico. But there the silverdollar is still re- cguHtdaud tued as a circulating medium,as lcjal money, and there J- no discrimination against it. As w* are fast becoming a vast manufacturing oner, as well as a great agrirulttirnl rawer. *«'ltli k «i ge surplus of tin.- products of our different nrtmi- aetiiringestabllshmcnt* for exiiortattun, we look h icily to China and other eastern nation* and o couth America as the mar kets w heie wc can ino-t successfully compete with England nml France and other commercial lowers, but especially the former. There U n very large hulancc of trade against tt* in Brazil and the tv* st Indie*, principally for sugar and coffee. Both lit sc countries me ril»er a* legal money. In pay- ng il.ht large balance of trade in specie why should ivis end cur gold cut of the couutrytlf we jirefer to keep It w hen they would us readily accept silver? Why■ rot send them silver In payment of these balance*? me rctnnrk applies lo the Hawaiian I- here cur piuehews of sugar turn the bal ance of trade ngniuM us. Why not maintain — Til nn and otlrc. tl.Ur (oimnoditles, ide is again«t t •ulna and pay tlie 1 - „_ld, as “ c., and why not send an Its silver astern nations to exchnngc for there, too, the balance of Illlng .. -f thing* is.likely to -Ulimc for many year* to come, thesuccc**lve re ports of the treasury department wlilch come tn ■* annually, predicting great finanei.il by the dralug of onr gold out of the coun try end the tilling it* place witli silver, no longer ptoduu-uneasim-ss, nx they nre found to imve no praGicul significance. In tlie rejort or Hon. Jolin Sherman, then secre tin y of the treasury, now tlie able ami honored president pro tempore of the nenate. paled December ‘J, * 1»7% very soon the act was passed remonetizing gold. The houdholdctx then may well struggle io demonetize silver nud make gold the only standard, n* It would Kit-ntly reduce the amount *d the circulating medium and greatly enhance the value of U.eJr Imudxon account of the itirreused nimnmtof iuojH-riy which would I.e required to make payment. Hut we are told that ltl*mccs<ury to stop the coinage of silver to prevent the cxiHirtatiou of our gold to rotelKit countries and the tinrartatlon of a large amount of silver which would form an in terior cuncncy for tld* country. Thl* note of warning lias constantly lieen given by banker* and bondholders ever sluevthe passage of the at l of 1878 remonetizing sliver, which n« t direct* tlie coinage c*r not less than two million* per mouth of lciral tender silve r dollars; hut the prophecy with Which we have been con tantly Inmutv.l ha* nut and 1-oinlholde From year to year, almo-t without exception, we have liu| oiled tuure goods than we liave exi> *rted, and we ha\* cxrorica moix^llwr than we have Imported, and ail the reasonable* i"oi.ahlMflc* are that we shall continue to do so. And bear in mitnl that at Hu-end of seven year- we have tw ice a* eolu in our country. We have wUm of Imraenxe ...PI. at,ami raon* pro- caj ability tliau any otlur country on the fan- of the gloU*. We have a population of nearly «U',uo0,00O «f iK-ople, willi more iuieiitlve geultL*. more* em-rget- lc industry and enterpri»e than tlio people of any other riMtiott. We prvMhtce by our fm-lorit- a very large proportion ol the mauuUctuivd i.rtlHe- iwe- mat) for miruse, I lies*- advantage* euahle u* to * Fieri moie and imparl lcszol the necessaries ami Cotivt-Ui«iice» of life than any other people. The result 1* a ronatautlnilanee of trade lit our favor, wUh a strong probability, with our luereax- ingesi-vll) for puxlm lion, audour Inert*axing jopulxU uautl our constantly Imrcaxlng irnle- which other nation- hAicU-cn obliged tlie United xtato a- tatUnco due on xcttienuMit*; and a* gold is the medium of exchange whivh i- ado|>t*d in settlements between ns and European natiei’.s. (hit pour* a steady -twain or gold Into the United Mate.-, and wnti# the pnsliictpui ofsllur ftom our mine* the lad year liax tuvu greater than the production of gold, still the quan tity of gold coin lu the United Stale- almost double* the qumtitr of rilvi r coin, aecoidlng to the extract which 1 have already read from the report of the secretary of the treasury, Thl* shows that our country 1*U- log enriched by the imporiatimt or gold, and that we do not And It nc* cmry to export goM to M*ttle the halaneq of trade against u\ a« It doe* not exist to any extent w Uk Kuropcau nation*. W hy, then, should we fear a drain of gold and an Influx of -ii ver? All the probabilitic* are that there will Ih* an iuereaxed influx of gold and ex|tort of sIUim. In a monetary eonterenvt held in Carix, in lx*t,| th#distinguished financier. Mr. Broach, the dele gate fhun Not way, a conn try tliat has adopted gold morometalli-m. made the follow Jug imporlaut statement during the *ll*cux»lon: In abort, uuluoal bhactalUxm malideggold nnmomctallie. Again be says The United Mate* might put up becau-* tn the caiun tty of large * . chandlse paxab'.c in Mlto on l» the market than 25.8 grain- of gold. I liau- Iteaid it Mated that the necessity for |H'i>dii)g the coinage of silvt * “ . . out of the fact of thccnonnoux increase of sliver from the mine* ill our own country nud Mexico, and other part* of the world, lnnking a great di-proportion in quantity in favor of silver. In other word* that the metal had In come too plentiful to bo coined Into money without restraint. Now to show the inllacy of thl* position, 1 again refer to the nunirt of the seretary of the treasury.file say* “gold from era-arc much more rapid than that *»f alive, and if there were cau-c for alarm on account of the two great inervatc in the quantity of one of the metat* it existed in the raze of gold, aud not of silver. While gold doubles in '.15 year*, silver doubles In IW> year-. Gold therefore, doubles, if the secretary of the treasury be rigid In about one- thud or tlie time ittakea xlP erto double. If 1 w ere to adopt Uidlneof aigutnent of the other -ide this would Ih> a strong argnmerit In n»v -us|ieiidiug the uidimited coinage of gold, be* that metal is U'etanllig tcx> plenlifiil to be c, wtHiout iv-traint. But a* I stated on a former occasion, ovei duetiou of ticilher gold nor sliver Is the dltfic....... Tlie world 1* making rapid stride-in developing u*w cnterprbrx .every year. Commerce Jins ra»- (elved an ImjH.'ttP* (Yotutnc discoveries made In the —- -Hutu arts aud selencaa. in rieam and electricity ■ tlie last lialf century which ha* nonarallel r appro\lmatloii to a parallel nelfehborw, sihu »• I* IicTiir annihilated, und the human race U bccomlni; more intimately as sociated a* one people. There hiu been a rapid advancement in agriculture, tn all the mechanic arts, iu railroading, shipbuilding, in tranxporta- Hon on land and K-a. in manufacture* and com merce, requiring a greatly increased quantity of uuaiey for a circulating mcdtdni to do the buslnex*. andiu-tendof an over-production of the precious im-tal-, the great Increase in the demand ami tho )early waste or low from um* taken intotheac- count, the pren-nt production U not adequate to th# real w ants of mankind. Thl-U further deal onMrated by the extensive use of a paper circula tion not predicated upon a solid specie ImuIm, w hieli several of the great j*>wcr* are compelled to adopt lor want of suifieient metallic cttfrancf. The truth is the growing manufactures, auricuV ttue and tho mechanic arts, aud other great inter- vsu of the world are increasing so rapidly that it requires all the gob! and silver that is produced by the mlucs to kc#p mankind supplied with -ucn quantity of the precious metals coined into money as ts really necessary for the regulation of our busi ness exchanges aud Aw the well-being of society. \Nc are told that Great Britain many year* ago demonetized Hirer and made gold abme the stand ard of value*, and tbal while Great Britain c.mtln* i> a»-o Utauh* they would not in* They Could u* , expited t«* M'elng »ll\Tr tlow to them. They are tcogreat puxlurvix of silver for FnrxitH* to -cud (•» them (hat indai w lit. h the\ ftirnl-li on the contra ry to Inna#. The time is appruaentug. mxeover. when ti e t nlte«t Witn, suAtclently provided wtth coin, will no longer have toa-k Europe for It. am! when In i ayment of their con-ianmentx of bread • stuflaaod raw material- to the old continent thev will have to demand an exchange of greater and greater <ii:aiittc) of m«mifac(urr>l antewa or of r i- mpean ircnrii*-. But on ettlur liypothesi-Hn'y wftl be no resource fi»r Xtttope for the sale ol lt> depreclatdd silver. But It i* -aid that we have already move silver dollar* coined aud laid aw ay In the treasury Hum we ran get into * imitation. As long a* tne ot!i< era this government refti-e to oray ihe laws tm -**\l y theiot gm* of the United Mau , ». and re:ti*«* m pay silver <. olii to the creditor* in payment o( debt* wbete tbc haw expressly agraed to take xil er, we may ha* -on surplus Mirer lying in the treas ury, but let it I c » »ld out in honest sstUfacUon of our debt* where i e (-redilor ha* aara-ed to rto *lve Jt, and wc will soon be rid of IhU large s irplus AcaId, let the law be falthfhllv carried out and let silver certificates be U-ued for the stiver lying in the vaaltsof tlie treasury, and let them be put mto circulation, and there can t< no better eurtvacy. immense wealth, and the government had reached the |H#itkm w k(*rc tt was tbe reprv‘*»*ntativ.»nf tK.> gnw(e»t * (editor nation on earth. Am aiaioa the wliole world was indebted to Great Britain, any line of lvliey wldeh made a dollar in money the repmwntative of a larger amount of prooeity, aud w hich can-edit to take more property of ific debtor to satisfy the demand of the creditor than it would have laacii before, wax- heneticUl to Great Britain. By striking down one of the metal-, and she %e- — *-■-• *Tq refusing ‘ „ *ld. she Inez )*Hin*i sterling, and n payment _ the purchasing vain# of tin thereby increased the amotii *y to |#v the debt of the pot. . . .. ... just as the t'ODdholdcn*. tt they can striked.)-.*., silver itijid* country, increase the value of their U>ud* b) Increasing the amouut of projvrty neces sary to pay the bonds. But the fa< t that Gieat Britain demonctizc.t -lb ver did not make tt • e<v**ary for even her nearest neighbor* to follow her example. Gold i- the legal tender that Great Britain now permit* to lie txilned. but i ranee, lur neighbor lust aero— the channel. wh.Ie -he Is not uou • olntng silver, car- i iexMy HdJ.tW.axi In -liver *• i. which i-. all foil legal lender, and she »*i% . oug with her ex- havgvaand pura lian's and sa«.*« aa well a* Great e not be able to carry ROW **« AU of legal (coder — ■——-- —^ - »larger Britain U not very con sistent tn her conrv* iu demonetiz- ing slim and making gold the MgnJanl. While she adopts that policy tn her ho ne gorerameut, therefore *st policy, for tho prescut, t<» Imit the npfercfeatc lt>-ue or our -liver aollara, jim-U f*Ji the ralio of 10 to b to such amount a* nn clearly U- maintained ut par with gold, until lie price of-liver In the market -hull assume dell- Itc ratio to yold, n hen that ratio should be adopt d and our coins inncle (o conform to it; and the icrdoiy respectfully rccoramouds that ho l>e au- H.KihKl to di-coutinue the coinage of the-live* t'O.lMO CCOlu .silver, and that we should limit he iigfeu-feiite Issue to such sum as could l*e clearly aintained at par with gold, aud the sum of i‘>0f li ndcr silver dollam wc now have two hundred and ifteen millions, according to the repori of the •resent secretary of the treasury, and still the stl- . er dollar 1- maintained ut par will) the gold dollar. If the suggestion of the secretary of the treasury in 1*78 had been adopted, wc would have with drawn, or rather withheld from circulation, the SB 5 .**,000,000 iu silver which wo now have, either iu the treasury reedy to go into circulation, or In ac tual circulation. If Hint amount were now with drawn from the currency, it w ould produce string ency and financial pressure of a fearful character. Pi the report of thu secretary of the treasury in 1881, three year* later tliau tlie report above re ferred to. and four years ago, wc Aud tlie follow lug admonition: A continuous monthly addition to our silver coinnge will soon leave us no choke but that of exclusive silver coinage, and tend to redue ns to a place in the commercial world among the minor and len civilized nation*. It inn) U* ns-nmed tlmj a people ax enterprising and progressive a- that of the united state*, hold ing lending I’oalllon among the nations, trill not consent to a total nbnmloniuctil of the u-e of gold of the metals lo be employed as money, and standard and -clllng till we have to sell upon . silver standard. It Is therefore recommended that the provision for the coinage of a fixed amount each month be repealed, aod the secretary omiuciulatioti we have coined one hundred million silver dollars, and we have twice a* ninny gold a* silver dollars, gome- gold. BV still u*e gold a-a currency and hav. Marly twice os much of it o> wc liave or silver, and w c liave not been reduced to a place lu the com- gold Is kept for the bankers and the IxindhoMers. and notwithstanding they have agreed as part ' their solemn contract to take payment both principal and interest of their bonds in gold silver coin of the present standard value, not a dol lar of silver is paid to them, hut it is kept for the lalcilng class, and the —'■* * *- * *- J and sacredly kept until bondholders. But the laborlrg class are in fact os well paid for tlielr labor as they have been at any previous pe riod in the history of the country, and a legau-ten der silver dollar will buy more of the nece-xarles of life for the laborer thau It would have done at almost any other time. The honorable senator a large j*ortlou of them got less, could l»uy eight yard* of calico for n dollar. Now the laborer can take the dollar which he receives for his day's la bor aud buy twenty yards of calico. Then he could buy bacon ut 11 cents a pound. Now lie cau buy it at*. Aud so with almost all the necessaries dollar. The laborer* are generally g.uu io gei snver. Jt Is popular with the laboring class everywhere, and they would be glad to have i- of it in circulation. The people dor silvtr dollar*. When you strike i , piopctty nearly one-half, and ..... ... wilt go down iu the same proportion, and he who now get-a legal-tender silver dollar for his day’s labor, w ill then get but fifty cent* In gold. How w ill the laborer be benefited by the change? But while the laborers will lie content to receive silver dollars they will Insist that tbe bondholders who have contracted for silver dollar* shall bo required to take tlielr proportion in that currency. Tiii* is a care where equality is equity# aud all that the laborers de-ire i* that bondholder* and laborers be placed upon the same equal platform, that the same equity l»e done to each da—. With thi* the laborer- will Ih* content. To thL* the bondholde sbould Ih: compelled by law- to submit. If the national banks, by a system of hoarding gold or otherwise, attempt to prar*‘— J t Jze silver and force gold to a pren; to take legal-tender silver dollar- or silver certtli cates iu settlement ot balances, or iu any settle ment-. and If the officers wlio represent the people ment* with men who will apply the proper.... icctlve, by a forfeiture of the charter* of such Heaver Trapper* In Sumter, From the Sumter, Gn.. Republican.! Kuiuluy morning Bose Morgan aud ,T. W. ( loptou caught a large beaver in a trap oil Colonel | W. A. Maxwell's place. It weigh ed forty-two pounds, had web feet hchiud like u goose, while the fore ones were like tlmso of a coon. It to Ml*, bed IB4Q» Incorporated 1884. T*« OrlSWtATCT "BRADFORD** PORTABLE MILL* C9IM. WKIAT A KiO. flODU BILL MACU1SX1T. Rail far OMrigln (Unit# aunt* r'stall Tbe Thos. Bradford C#. is, ST, 89 A ItlHfkSi awonim o. “The Cheapest Furniture House in Georgia.” bedstead to 91,000 bureau. Chcapor than ever. Estimates for furnishing entire house. Write- to P. II. Buook, Atlanta, Ga. Mention this paper. der^2 wky iy Cure Guaranteed 5rh iTritwesoii f a wfitlen anxrxnUoto return tho AOHaQlC&otJi latbnsh Av. & Uttto nt Mention ini* paper. I fan 12 tne- Hnir sm wky a silver standard. 7 here annual duugcr have predictions or cased to u] all familiar exchanges! , Banker* and bondholder* who nrelargi raining a gold standard only progno-tlcate great * nlgmitjr If the coinage of silver lx* not * » But the people, the laboring class, the diii-lng clas>, the debt-paying cU**. and the tnuclal cln-s w ho are tint tioiidholdcn th-pro- banker*. dlttUnwy lu continuing the present coltvigo of -liver umlvr the law now of force. But wo arc told that the legal tender silver dol lar i- not intrinsically worth a* much as the legal Under gold dollar, and that the Inferior currency is alw a)* put into circulation, and where there are I wo currencies unequal in value, the more valuable i* always retired and tlie lets vnluanU* goo* Into circulation ; or, a* it Im* been expressed lu. more lH-toric language, that ’ bad money drive* out gcod money, but good money cannot drive out bad money.” In other words the relatively cheaper medium or exchange will be retained in circula tion, and the relatively dearer one w ill disappear. Now, Mr. President. )ou will plea-c bear In inlinl the tad that wc are constantly reminded that the tica-unr department cannot get the legal tender silver (lotlars into general circulation, though the treasury department has the power to pay out the legal-tender silver as loug as there i* a dollar of It. But wc are told from year to year that it Is impos sible to get ft into circulation, and still sve are told it 1* inferior to gold. What then becomes of the rule that -bad money drive* out good money, but that good money cannot drive out bad money,” If with Its presence? * ‘Her that the ride al ovc mentioned U'not a* somui n.*e, or m we must com lude tmt the effort at the treasury heretofore has Uvn to keep it out of cir culation rather than to put it tu. To the credit of the present secretary artlie treasury I beg to re mark that, as I nuder*tand It, he has greatly in creased the circulation of stiver siuce he has bean in office, ami I entertain ao much confidence tn hi* ability, hi* fidelity to principle ami hit patriotism ttlusMc ■irxuUte VPOTnRPVM 'tie* without practical ctubarmssmetit. as the re- L suits have already show n. Intrinrieslly there Is |uosubstantial dltrercuc# between the value of 25.h grains or standard gold and tl±5 gralnsof standard silver. \ he apparent difference grows oat ot un- Wcndl? cgisfation against silver anduuju«tand rartlal < fl-latlon In favor of gold. Hence the gg|Ha|^MMg|M|||of the treasury have ticen tint- HPWPHPB. to put the "Gresliam law” in ferae, and have silver, which they *ay l* bad mou- go into circulation and drive out gold, which v claim f« smod monc). The (allure grow the fa» t that tioth are g>vvt * Mate together, a* they always neither (an drive out Hie oth- ■. to the labor log WMHHOTpPRBnMHBP dollar is uot an honest dollar sad that the laboring class should tv paid In gold for their Libor. Why. thev, ts it not done? We probably have gold enough In the treasury to pay all who labor for the United mat*" ac.d ft ts a little remarkable that this argument shculd t»c advanced by those who have power to pay. and reftw* to pay. a dollar In K id to any one laboring for the l nlted States. tree who labor for this government revive pay in silver ot greenback*. Not one of (hem can cct an honest culm or a hundred dollar* fo* which he has labored. I a d in gold al the treasury. Tbe FACTS! . FACTS! FACTS! Wc can prove by over one hundred voluntary certificates from this city Hunnicutt’s Is infallible in the Cure of RHEUMATISM! And all Blood and Shin Diseases ! IT NEVER FAILS I Don’t take our word for it, bitt read tbe followiugtestimo- nial from a well- known citizen: Mr. Albert IIowcll xaya: “A few mouth-* a«> I suficrcd terribly with rheumatism. It wax Impossi ble to walk even w ith crutches. I could uot put my foot to the floor. I found no relief from treat ment or remedy until I tried Uuuuicutt's Rheu matic Cure. Before I had finished taking one bot tle I was aide to walk comfortably with my crutches. Before I had tlntshcd the second bottle my rheuma tism eras entirety gone. ! put rny crutches aside and have never felt a twinge of rheumatism since. 1 am well, and can say my cure l* perfect and per manent. It la eertaiuly a wonderful medicine. ALBERT HOWELL. If you are troubled with Lumbago, Gout, Sciatica. Neuralgia. Sick or Nervous Headache*, General Debility or any other dlsea-c* of the blood, skin,- muscles or nerves, it will CERTAINLY CURE YOU Read this bom a gentleman to lie found at bis . sufferer with kidney Aiiauia. ua., January u, nicutt & Co.; I have been . troubles for seventeen year*, and have lieen treated l»v prominent physic I aus of thL* state and Alabama. I have used large qnantitic* of medicines adver tised to cure blood and kidney disease*, without receiving the slightest benefit. Ahout six weeks ayo I suffered such intetm* pain-scaicely being able to breathe at times—I concluded to try “Hun- nh ulf * Rheumatic Cure,” and after u*lngone bot tle waa entirely aud ab*otntely cured, and for the flr*t time In seventeen years I am without the slightest i aln, and earnestly recommend all who suffer to give your one a Inal. Yours truly, J. C. WA KNOCK. 148 E. Fair Street. We invite com-pondenre from druggists in re gird to price*, etc. Will deliver one to thru# hot* tits iu any portion of the United Plate- on receint ufprire.il/iOalHittle. Fcrxalein Atlanta i drnggt-t*. For -ale »• wiuJ«*!« in Attar and Atlanta. II. D. Cothran A U>.. Ron . lo A- MoL-e. Uharloton. Ji. C.. and DrugglM* generally. ATLANTA, GA. “YOUR HEART’S BLOOD.” THE FEARFUL FLOW OF HUMAN GORE VlUainnu* Noxtnun DUpensers nud Their Criminal Work—The Pitiful Criea of the Victims—Start ting Develop ments Unearthed—Tlie Hor rible Details In FulL The enormity of tbe crimes committed hy vil lainous nostrum dispensers is simply appalling. Tlie evil consists in the persistent efforts of the proprietors of certain alleged blood poison reme dies to entrap the unwary by fraudulent certifi cate*, causing the poor victim of blood polsou to invest in their worthless compounds, who dually awakes to the sad realization that his money is all gone and the ravages of the dread disease consum ing lib life. These same parties also expend thou sand- of dollars annually In their vain hope of convincing poople that iodide of i»otash, aud other drugs such as enter into the physician's prescrip tion nre deadly poison, and at tho same time cry ing aloud ‘‘Imitators!'' when in foci, none aro to be found. B. B. It.—Ilotnnlc Blood Balm—contains, among other valuable ingredient*, iodide of pot ash, and to convince those who may have any doubt on the subject, we submit the following original rertificatps—not bought—proving its won- derftil efficacy. Thi* company hold hundred* of testimonials (torn those who owe their exlstenoe to D. H. B. Bpacta, Ga., September 22, *85.—To the Constitu tion, Atlanta; H ere I to practice deception in a case like this, I would think that my heart had become scared beyond recognition. To be guilty of bearing false, testimony, thereby imperiling the lives of my fellow-men, would place me beneath the dlguity or a gentleman. The facts which I disclose are indorsed and vouched for by the community in which I live, and I truit they may exert the influence intended. For twenty long years I have suffered untold tor tures from a terrible pain and weakness In the small of my back, which resisted all modes and manner of treatment. Fora long time the horrifying pangs or an eating cancer of my lower lip has added to my misery and sufleriug. Tills encroaching, burning and palnfol on my Up was pronounced Epithelial Cancer by tlie prominent physicians in this section, which stubbornly resisted the best medical talent. About eighteen months ago a cutting, piercing pain loca ted lathe breast, which could not ho allayed by Te use of ordinary modes of treatment. These suffering* of misery aud prostration be came so great that on the 18th of lost July a lead ing physician said that I could not livo longer thau four day*, aud I lmd about given up iu de spair. The burning and excruciating ravages of the cauccr, the painful condition of my back and breast, and the rapid prostration o! my wlioio sys tem combjned to make me a mere wreck of former manhood. While thus seemingly suspended on a thread be tween life aud death. I commenced the use of It. B. It., the grandest blood mcdlcluc to me and my household ever used. The effect u as wonderftri—it was magical. Tho excruciating pain* which had tormented rao hy day ond by night Aw twenty year* xvere soon held in abeyance, and peace and comfort were restored to a suffering man, tho cancer commenced heal ing, strength was imparted to my feeble frame, and when eight bottles bad been used, I was one of tho happiest of men, aud felt about as well as I ever did. All rains bad vanished, the cancer on my lip healed, nud I was pronounced cured. To thoso who arc afflicted and need a blood remedy, 1 urge the use or It. B. It., as a wonderfully effective, speedy aud cheap blood purifier. At.LK»flnJurr. A NECESSITY TO TOE FARMED! By which the cast of fertilizers may be reduced to ®2.50 Finest Rolled Cold Rings. Half-round, price......! 90 Band, price 83 Bets, price 1 23 Stamps taken. Send slip of paper for size. Dealer*, peddlers nud agent* sup plied with a full line of Jewelry and watches at w holesale rate*. - 3 A I) rs- EH Bolid gold or plated, sehoil. society or military, Sl’KClALTV. " J graduating wlyff Badge* lor . classes of schools and colleges. Bead stamp for illustrated cata logue. Hncclal (le*lgu* (Yenon application. P. O. Box 6 Mention thl* paper. HART JEWELRY CO. Atlanta, Ga. Deduce the Cost of Your Crop 1 TITE LAMAR COTTON CHOPPER. * N INVALUABLE MACHINE FOR PLANTERS, chops eight acres a day with one mule. Ltghty simple, strong, thoroughly efficient and very cheap. Gunranteffl to Do The Work! Now la the time to secure It. Itend for Illustrated circular. Address BLOUM & HILL, Mention thi* paper. Atlanta, Ga. dccfo-wkytt WQRIES! (knS-dly suu toes tnur wky n A DnQ NEW SAMPLE BOOK CONTAIN* L/illl. Uk) ing 78 new cards and scrap picture#, 6 cents. Ky Card Oo., Enfield, Ohio. Norlthr, 4m TIT ANTED—LADIES OR GENTLEMEN TO TAKE 1 V light, pleasant employment at their own hornet: Work sent by mall. Distance no objection, tltolo day can be quietly made. No canvassing; no F.C Moll, o< Bottle K £ Y 8T 0 N MALT WHISKY I THE BEST TONIC! Unequaled for OotmrapMoa. Waning disease# and omens! Debility. PERFCTS DIGESTION I BEWARE OF IMITATIONS The Genuine has Jhe Signa ture ot EISNER A MEN DEL* BO.Voi. the Label. FOR SALE BY JOS. JACOBS, Druggist, Atlanta. Ga. Mention this p*i^r.nov H-d oat ary Mr Vf* u»ga our reader* wt.cn they answer dvertUament* to mention that they saw them ia tho Constitution, Tills will help all. around. ■^distinct print J