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WANTS A THIRD TERM.
MH. CLEVELAND A FROBAIiLE CAN
DIDATE TOK RE-ELECTION.
MR. MORGAN POINTS TO MR. STEVENSON
As the Next President ini Nominee— The
President’s Letter to Mr. Wilson Dis
cussed—Other Washington Nows.
Washington, D. C., July 15.—[Special.]—
A well-known democratic politician from
one of the middle states who has the
““•i of the white house, so to speak, is au
thority for the statement that Mr. Cleve
land will be a candidate to succeed him
self. Mr. Cleveland, he says, takes the
ground that it will not be a third term
in the strict sense of the word, as there was
<me intervening term. This geneltman says
further that Mr. Cleveland is firm in the
belief that he can be renominated and re
elected.
.Morgan's Prediction.
Senator Morgan’s declaration that the
finger of providence points to Adlai Steven
son as the next presidential nominee of the
democratic party was received here with a
great deal of interest. The wire pullers
in politics about Washington have been
casting about for some time to see whose
•wagon to get on. Now that Morgan has
t iken the initiative and proclaimed for
Stevenson there will be many who will ta|.e
the linger of the providence utterance as a
prophecy in joining the wake. Should
Adlai enter in the concatination of events
and be nominated every original Adlai
man will be expected in the cabinet. It
is too early for predictions as yet, but this
one of Senator Morgan is interesting be
cause it is the first in this direction and
accords with the views and the wishes of
many of the leaders of the party.
Senator Morgan i s now making his cam
paign tour through Alabama. Congress
man Oates, who is trying to land the
governorship, says that if the question of
an election of the United States senator
should be left to the people he believes
Senator Morgan would receive eighteen
out of every twenty votes. The great fear
is that the legislaure will contain a ma
jority of Koibites, who would, of course,
being in the majority, displace Senator
Morgan in the senate for one of their own
faction.
Alabama will be the headquarters of the
third party in the south during the coming
campaign in the fall, just as Georgia was
in the last congressional election. The
Alabama democracy did not as effectively
uproot the third party in Alabama as was
d<me in Geprgia, and while Georgia has
little to fear from such men as Tom Wat
son. Alabama is not considered in a rock
ribbed condition for democracy. The Ala
bama congressmen are very anxious for
this session to close so that they can get
into the thick of the fight and save the
state to the regular democracy.
An Ebony Wrangle.
Ex-Congressman Dob Smalls and the pres
ent Congressman George Washington Mur
ray, of South Carolina, both claim to have
been regularly nominated for the fifty
fourth congress by the ebony constituency
of the first South Carolina district. After
considerable wrangling they have agreed
to submit their pretentions to the arbi
tration of Representatives Aspley, of Mas
sachusetts. Hitt, of Illinois, and Settle, of
North Carolina, which compose a subcom
mittee of the national republican commit
tee. Smalls claims to have been nominated
by a convention composed of delegates
elected at the primaries. Murray disclaims
this and asserts that Smalls’s convention
was a snap convention and that he, Murray,
was nominated by the only bona fide con
vention of the district. Murray contemp
tuously speaks of Smalls's followers as anti
snappers and predicts that his predecessor
will be as completely wiped off of the po
litical earth as the anti-snappers of New
York.
Mulling for Nicaragua.
There is little hop' that there will be
any Nicaragua legislation at this congress.
I epi sentative Mallory reported the
Nicaragua bill. he. as well as the other
members of the committee through the
house, would at once act upon it in defer
ence to Mr. Cleveland’s wishes in this
matter. But the committee on rules has
decided that in view of ether measures of
mure immediate importance, if not greater,
it is not advisable to give the Nicaraguan
canal bill a hearing. This great measure,
th'Tefore, will be compelled! to be side
tracked until the next session of congress,
wing to the usual rush of business during
the short session, the fate of the meaure
will be exceedingly problematical.
A Vote of Confidence.
Washington, D. C, July 111. —[Special.]—
The house, by a vote of 125 to 27. passed a
resolution endorsing the action of the pres
iif nt in ordering out troops to suppress the
riotous strikers in the west.
Mr. Pence and the populists attempted to
prevent the passage of the resolution and
pr< ipitate a partisan debate against the
attorney general. It, howover, amounted to
but little.
\ strange thing which, perhaps, very few
people know is that the laws under which
the president ordered out troops to quell
the riotous strikers in Chicago were first
enacted by the republicans during recon
struction days for the purpose of quelling
k.ikluxism in certain sections of the south.
Speaker Crisp Is Firm.
Washington, D. C., July 19.—(Special.)—
The action of the house today evidences
th fact that with Speaker Crisp at the
throttle the house is not to be bulldozed
bv the senate into abandoning any demo
cratic principle in the tariff bill, which is
to finally become a law. Speaker Crisp, with
the balance of the democratic party in
th' house, is committed to free raw mate
rial, and he is determined that the house
shall not be driven from this position.
His hand was clearly shown in the action
of the house today when the committee on
rule- brought in an order providing for a
vote on a motion that th" house insist upon
agreement to the senate amendments to the
1’ 'Use tariff bill in gross and ask a further
After several notable speeches
the motion was agreed to by a solid demo
cratic vote amid great applause.
No Surrender to Sugar.
The scene of the day was when Mr. ‘Wil
son, with his swollen and inflamed face
covered with a handkerchief, announced
that the house would never recede from
its position in favor of free coal and iron
and that it would never agree to a sugar
schedule which was made in the interest of
a sugar trust. If it was true that the
sugar trusts was so strong that it could
say no tariff bill should be passed unless
its interests were protected, he hoped
the house would never adjourn until re
fined sugar was put on the free list. At the
conclusion of this sentence the house fair
ly went wild. Papers and books were
thrown in the air and democratic members
yelled in approval until they were hoarse.
It was an indication that the house was
almost unanimous in its determination
not to allow the sugar trust to make this
bill to suit itself. Indeed, the house, by
Its vote and acts, thoroughly endorsed the
action of the house conferees in not ac
cepting the senate bill and spoke out
unanimously in favor of forcing the senate
to take the bill the house had passed the
Ist day of last February. In view of this,
many men high in the party counsels think
Mr. Wilson made a mistake in having Mr.
Cleveland's letter read. Os course it is a
strong, characteristic letter and a bold,
fearless statement of Mr. Cleveland’s po
sition, but it is calculated by its severe
criticism of the senate to make that body
more firm in its position. The house ap
plauded his sentiment in favor of free raw
material wildly, but his statements in favor
of a sugar tax were listened to in silence,
us was his statement that he had advised
against the income tax, but was willing to
defer to the judgment of a majority of
his party, the house had understood from
his former message that he was an advo
cate of an income tax.
It Exasperates ,t Jje Senators.
The democratic senators are wildly in-
dignant over the president's letter. Almost
without exception they are abusing him
roundly this evening. The senate leaders
say that he distinctly approved the bill
which the senate passed when they submit
ted it to him, and that now, when he
finds it is not popular with the newspapers
of the country he repudiates it and at
tempts to cast odium upon the senate for
passing it and insisting upon its becoming
a law. Tomorrow it will come up in the
senate on the request of the house for an
other conference and it is probable that
the entire matter will be aired.
Senator Hill is determined that nothing
shall be suppressed. He will make every
senator show his hand by moving that the
senate recede from its position in putting
coal and iron on the dutiable list. Indeed,
a decidedly Interesting session of the sen
ate is promised and the debate may last
a day or two. The senate has already
taken position. Its leaders say the house
must take the senate bill or there can be
no tariff bill; no other bill, nor can the
present one with any changes go through
the senate. On the other hand, the house,
by its action today, positively declines to
accept the senate coal, iron and sugar
schedules. There are many who predict
tonight that no bill can pass; that con
gress will adjourn without tariff legislation
That is absurd. This congress was elected
to enact new tariff laws and it will not ad
journ until a tariff bill is parse’ • ' j
must fight it out until one or the other goes
down in defeat. That will surely come and
then there will be a bill.
Senator Hill on the Letter.
When asked what he thought of the let
te: of the president, Senator Hill ,eplied '
“In the language of the novel, the plot
thickens. I prefer to say nothing a ■
time as to the propriety or wisdom of the
letter. It comes rather late and may tom
plicate the whole situation and defeat a
tariff legislation whatever. If the p •
dent, instead of writing a letter, bad exer
cised his influence to assist in getting t otes
for free raw material when I was making
a fight therefor in the senate, the present
unfortunate complication might have teen
avoided. I trust that there will be n m
votes now for free raw ina^ i I n 1 ‘ ll .„'\ 1 ’ l 1 n m
bring forward the proposition again in
the senate, which I expect to do. 'I he skies
are brightening.” , . , . .
Mr. Gorman, if the statements of his
friends mean anything, is more firmly
ground in his original plan than ever.
Mr. Brice will have a few words to say
about the senate bill, in whicn he will join
his colleagues in letting the country know
that it is the senate bill and not the house
bill that is to ultimately become the law of
the land. , . .
There was a rumor about tonight that
the senate democrats were now declaring
that their bill should pass without the dot
ting of an “i” or the crossing of a t.
But one of the conservatives denied this,
saying that upon many items in the senate
bill concession would be made, but that in
the main the senate idea of the tariff should
prevail or there would be no bill, ■’be Lca
also prevails in the senate that she bill v. id
not be defeated, but that the mmse will ul
timately give in rather than see no tariff
bill pass at all. .
.Mr. Gorman, with some indignation, to
night denied the story that had been circu
lated to the effect that he had surrendered
coal and had given his consent that it should
go back to the free list.
Wants to Try It A Rain.
Washington, D. C., July 20.—[Special.]—
Nir. Bland, the free coinage leader of the
house, wants the coinage committee, of
which he is chairman, to report another sli
ver bill to the house at this session. He
believes, in face of the elections, that it Is
possible to pass a. free coinage bill.
Yesterday morning he called his commit
tee together to take action on the matter,
but, owing to the large number of absen
tees at present, he was unable to get a
quorum. The republicans refused to attend
the meeting, in order to break a quorum.
Mr. Bland will make another attempt to
have his committee act next week.
Only Half Sisters as Yet.
The senate committee on territories has
agreed upon favorable reports to the bills
admitting Arizona and New Mexico to
statehood.
Both of these bills have already passed
the house. Could they be considered by
the senate at this session they would
pass. It is, however, not probable that
they will be reached on the calendar be
fore the December session. With the Utah
bill already a law and these two soon to be,
this congress has done well in admitting
new states, and the beaut?/ of it is that all
three will send democratic senators. With
c ix more democratic senators from those
new states the party will be sure to re
tain control of the senate.
A Fl RTIIEk CONFERENCE
Asked by the House on the Tariff.
Senate rroeeediiigs.
Washington, July 19.—The conference re
pt rt on the diplomatic and consular ap
propriation bill was presented and agreed
At 3 o’clock p. m. the message from the
house asking for a further conference on
the tariff bill was laid before the senate
and Mr. Voorhees, chairman of the finance
c< mmittee, said that the conference com
mittee had had the bill under considera
tion in full and free conference and had
not agredfi in relation to the amendments
in the senate. He add that, after consult
ing somewhat With gentlemen expected to
take part in the discussion, he should ask
that the message from the house be taken
up tomorrow morning for consideration im
mediately after the reading of the jour
nal.
“I give notice,” said Mr. Hill, “that at
that time I shall move to instruct the
conferees on the part of the senate to
place coal and iron ore on the free list
and I shall submit some remarks on that
question.”
“In connection with the conference re
port,” Mr. Manderson put in, with a
quizzical expression, “I ask the senator
from Indiana, if there is any message from
the president of the United States to be
submitted?”
“None that I have,” was Mr. Voorhees's
response.
“Go on with the Indian appropriation,”
said Mr. Cockrell, and the consideration of
that bill was resumed.
Two amendments were agreed to relating
to the allotment of lands in severalty to
seme northwestern Indians.
Also one offered by Mr. Gallinger, ot
New Hampshire, looking to the discontinu
ance of Indian contract schools after this
fiscal year. The bill was then passed.
The senate, after a brief executive ses
sion, adjourned until tomorrow.
TO EXTIRPATE THE THISTLE.
A Million Dollar Appropriation Pass
ed in the Senate.
Washington, July 17.—The senate bill to
amend the interstate commerce act of Feb
ruary 4, 1887, was passed. It adds to sec
tion 10, of that act these clauses;
“Whenever any common carrier, subject
to the provisions of this act. is a corpora
tion such corporation may be prosecuted as
far as misdemeanor under any foregoing
provisions of this section, and upon con
viction shall be subject for each offense to
a tine not exceeding $5,000.
“Whenever an indictment shall be found,
under the provisions of this act, against a
corporation, the service of any writ or other
process thereupon, or for the prosecution
thereof, shall be sufficient if a copy of such
writ or process be delivered to and left with
any officer or agent, of such corporation
resident in the judicial district wherein such
indictment may be found.”
The consideration of the agricultural ap
propriation bill was resumed, arid Mr. Hans
brough, republican, of Dakota, offered an
amendment to insert an item appropriating
$1,000,000 for the destruction of the Russian
thistle.
“For the destruction of the Russian cactus
(technically salsolikoli tragus) $1,000,000, or
so much thereof as may be necessary, to
be apportioned by the secretary of agricul
ture among the several states infested by
Russian cactus, said apportionment to be
made in accordance with the necessities of
the case, to be ascertained by the secretary
and to be paid the governor of each of
said states upon his executing an obligation
on behalf of his state that the sum so paid
snail be faithfully applied in connection with
any sum which may be raised for that
purpose in his state for the destruction of
said cactus. . „
THE WEEKLY CONSTITUTION: ATLANTA. GA. MONDAY. JOLY 23,1894.
SILVER IN THE NORTH.
JAMES MONROE, A FINANCIAL AU
THORITY, LIFTS HIS VOICE.
A Dimetalie. Polley Independent of Europe
Would Capture the Rich Trade of
Central and South America.
New York, July 15.—(Special.)—Since the
address of Senator Patrick Walsh, of Geor
gia, at the Tammany celebration on July
4th, the people of New York city and state
have given more consideration than here
tofore to the southern school of finance.
James H. Monroe, the well known author
ity on financial questions, contributes to
The Daily America an article which will
still further direct thought into this chan
nel. Mr. Monroe says:
“There are manv well meaning statesmen
who state they are in favor of bimetallism
provided we can form an international
agreement with the European countries,
whereby an understanding can be arrived
at for the establishment of a universal
standard of monetary unit. We might, with
the same propriety, propose to enter into
an international agreement for the forma
tion of a government system' under which
to carry on our political affairs. Or, we
might propose to consult the governments
of Europe in regard to the kind of mon
etary system we should establish under
which to carry on our business relations at
home and abroad.
“Outside of the Latin union system, there
is not any country that has not a different
kind of money, both as regards weight,
fineness, denomination and value. If there
was a possibility of the commercial nations
coining to an understanding upon so momen
tous a question as that of a universal
metallic money, there would be some pro
priety in our deferring action until the uni
versal quality of metallic money could be
agreed upon. But as no such possibility
exists, it devolves upon us, as an indepen
dent republic, to establish a system o
coinage that suits our convenience and is
best calculated to confront with our in
terests and promote our productive efforts.
“The English government did not consult
us when it decided to adopt the gold stand
ard- neither does it pay any regard to our
requests to even entertain a proposition to
make arrangements lor re-establishing bi
metallism. In choosing its de.egatcs to the
monetary conferences that have been tie,
the English government sent as ns rtq
resentatives those who were mstrume
in bringing about the adoption ot the gold
standard, and were therefore certain to op
pose all attempts to reinstate silver on a
parity with that metal. Me ™ al " U
therefore, that those who base the r de
sire for bimetallism upon a >\ 1 . .
agreement oriX
seives 0, 1 nc piored.
It ill becomes a country like t'ne I nited
States to depend upon the actum of any
ctl er country to enable it to devise and
adopt any one or more systems ot intirn
ticnal policy, more especially that of eithet
a political or a monetary chaiad *•
pretense that our adoption of bimetallism
would disarrange our commercial relationb
is to say the least, a very singular one
when we see France carrying on its ni
te: national and external affairs under bi
metallism, and as such has become one
of the most wealthy and independent na
tions of the world. If we were to adopt
the gold and silver standard upon a ratio
of 16 to 1 and enter into a monetary ar
rangement with the Central and South
American countries, including Mexico, we
would not only create an overwhelming
support of the double standard, but v>e
would enrich ourselves as well as every
South American nation that should join us
in this monetary arrangement. We would
soon build up a commercial business that
would give an impetus to the productive
interest of every branch of trade carried
on by each and every country in North
and South America.
How It Would Profit I s.
“To give a practical idea of the impor
tance of such an arrangement to us and
all other American states, we have com
pilei' from the United States treasury re
ports the following statement of the com
mercial intercourse carried on between the
United States and the other independent
rations on the two American continents.
Value of merchandise imported into and ex
ported from the United States to the fol
lowing countries of North and South Amer
ica, wherein silver money is recognized
upon the old established standard of value:
Countries. Exports. Imports.
Argentine
Republic .$ 820,035 $ 5,976,544 *$ 3,156.509
Brazil 14,120,246 83,230,595 * 69,110,349
Chile 3,1-15,625 3,448,290 * 302.G®>
Colombia . . 3,182,644 4,765,355 * 1,582,710
Costa Rica 1.331,049 2,532,305 * 1,261,256
Cuba 12,224,888 61,714,395 * 411,489,507
Ecuador .. . 903,159 836,437 ** 66,722
Guatemala.. 1,997,944 2,618,199 * 620,255
Hayti 5,959,813 3,243,454 ** 2,716,359
Honduras. . 610.921. 1,553,993 * 518.670
.Mexico .. ..14,969,620 27,290,992 * 12,326,372
Nicaragua . 1,692,942 1,705,961 * 13,017
8ern1,:W),991 386,518 * 1,013,473
Puerto Rico 2,155.221 3,164,110 * 1,003.876
Salvador.. .. 1,150,460 1,783,036 * 632,606
Santo
Domingo .. 1.023,751 1,610,360 * 586,609
Uruguay .. . 1,076,575 2,350,789 * 1.280,164
Venezuela. . 4.784,956 12,078.511 * 7,293,585
Totals.. ..$74,577,863 $220,299,853
**Excess of exports. *Excess of Imports.
Our Tropical Neighbors.
The excess of imports over exports
amounts to $145,721,990. This shows that
our exports are but a small amount more
than one-third of our imports from these
countries, which is nearly one-fourth of all
our imports. If we were to arrange a ratio
of gold and silver with these countries we
would not only equalize our exports with
our Imports, but we would encourage them
to not only increase their dealings with us,
instead of with the European nations, but
also induce them to enlarge their wants of
our commodities by expanding both their
internal trade and production in a prosper
ous manner.
DREW THEIR GUNS.
Sensational Incidents Occur at the Joint
Debate in Edgefield.
Edgefield, S. C., July 19.—(Special.)—A
score of hands were on as many pistols
in a second today. Men climbed up on the
speakers’ stand. Others were ready for
action. The powder was all ready for the
spark, but fortunately the intense political
feeling did not result in bloodshed. How
near the tragedy was averted may not have
been realized by those who were responsible
for the strained conditions. It looked aw
fully ugly for a minute or two. V/heu
Edgefield men get mad and look as if they
are about to act, something is very liable to
happen.
The Lie Given.
General Butler had remarked that about
the only horse he had ever ridden besides
that of democracy was the old horse he
was on in that very grove when he met
Chamberlain and his republican myrmidons,
and how he had helped the people secure
their liberties and political freedom.
Then Henry Townes cried out: “Ye® gen
eral, and the rascals burned your house
for it!”
There was a tall, lank man standing a
few feet from General Butler on the stand.
He was Mr. John Atkinson. He had sev
eral times put in a word or two during Gen
eral Butler’s speech. This time he cried:
"He denied all that in Washington, though.”
Atkinson was probably referring to the Ham
burg riot.
General Butler did not recognize the
speaker, but quick as a flash he turned in
the direction of the voice and said: “It is
a lie! I don’t care who said it—l say it’s
a lie!”
Mr. Atkinson did not reply. He tattooed
on the reporters’ desk with his umbrella,
but made no sign of answering. The scene
that followed was terrible—it was serious—
it was desperate. Men rushed up to the
stand with their hands on their pistols;
others cursed, and the danger signal was out.
There were a hundred women within a few
feet of the stand, but that made no apparent
diffprenc. Fully a dozen of each faction —
Tillman and Butler—made for the stand to
join those already there, Henry Townes
and Charley Hammond were the first to
mount the stand.
Townes turned on the accuser, Atkinson,
and cried out: “It is a lie, and that man
knows it!”
General Butler tapped him on the shoul
der and said: “Henry, I’ll take care of my
self; get down from the stand.
And in South Carolina, Ton.
“But ‘the lie’ has been given,” replied
Townes.
“That’s all right. For God’s sake, let’s
have no trouble,” said General Butler.
Dlr. Cogburn and some one got into a loud
Gispute. Then Mr. Hardee, a friend or
Governor Tillman’s, had some words. Said
one to the other: “Now, look here, put up
that pistol, for you ain’t the only one with
a pistol. Wfien I draw mine I’m going to
use it.”
Governor Tillman was asked to have his
friend accede. Cogburn pocketed his pis
tol. Jack Bladen, a lion in determination,
forged to the front and had a tilt with
Cogburn. But these are mere incidents.
Add a dozen or more of them and there
may be something like a picture of the
situation. General Butler urged Ids friends
to get off the stand. He pleaded lor
“quiet.”
Governor Tillman, perfectly cool, asked
all who were really his friends to be quiet
and after li oeal of persuasion things quiet
ed down and General Butler continued
with his speech. From then on every one
was on the qui vive, but fortunately all
passed off quietly. As soon as Butler re
sumed his speech he took occasion to say:
“Whoever states at a> y time or on any
occasion that I denied my participation in
wbat was done in Hamburg tells —I won’t
say a lie, because there are ladies here —
but that which is not true.”
Buller Im Scornful.
General Butler also took occasion alter
the serious incident to say, in a decidedly
Vigcrous way: “When I blistered him,
bis myrmidons, braying like meaningless
donkeys, tried to drown my vc.’ce with
their wild talk and yelling. Common jack
asses can bray, but it takes a man ot
sei se and prudence to convince the judg
ment and not arouse the passions of the
people. That sort of treatment don’t in
timidate me. I have seen too much of the
real dangers to be throttled :n my free
speech by a lot of blatant, wild jackasses.
I love free speech and will fight for it.”
The Hamburg affidavits were produced
and read and were received with dread.
Governor Tillman on this line took occasion
to say that he would meet any one who
told him personally that he was not at
Hamburg and wanted to make an issue
of it.
Tindall’s Proposition.
Perhaps tire next most important hap
pening was the position and proposition
of tl.e secretary of state. Tindall. He bold
ly prophesied that the reform party would
be irreparably injured if it declined to give
all candidates a fair showing before the
people. He made the proposition that the
delegates to the nominating convention
be proportionately divided upon the actual
vote received by each of the candidates
in the clubs and aggregated at the county
convention. How the suggestion will take
remains to be seen. Anyway, he thinks
it the true safety valve for the movement.
Ellerbe and John Gary Evans did some
lively basting of each other and their per
sonalities seemed to please the crowd ot
about a thousand. Mr. Evans was in his
element and spoke to advantage. Mr. El
lerbe’s friends claim the county to be about
equally divided,
BOTH FOR ADLAI.
South Carolina’s Senator*. Propose Stcvonson
for the Next President.
Columbia, S. C., July 20.—(Special.)—The
meeting at Lexington today was attended
by 800 men, a score or two of whom had
imbibed freely and who took delight in
chaffing and jeering at the orators. Colonel
Caughman, a noisy character, who aspires
to go to congress and who has recently
abandoned Tillman for Butler, was per
sistently howled down when he attempted
to speak.
Butler criticised Cleveland's letter to
William L. Wilson,-taking the ground that
the placing of raw materials on the free
list was in the interest of New England
manufacturers. He declared his belief that
Cleveland had gone back on the democratic
platform pledges as to financial legislation,
but that his motives were honest. The
hope of the country was in the democratic
party.
Tillman followed Butler and said that
“Stevenson was a true democrat, who, if
he had been elected president two years
ago instead of that ‘old bag of beef from
New York,’ would not have betrayed the
democratic party pledges.” Speaking of
Cleveland as in league with the goldbugs,
he said that “Judas, when he betrayed his
Christ with a kiss, had a heart no fuller
of blackness and treachery than that old
scoundrel Cleveland in deceiving the de
mocracy.”
The crowd greeted this sentiment with
enthusiastic yells and shouts of “Give it to
him, Ben!”
General Rascality Charged.
Then he charged that those congressmen
that Cleveland did not buy with patronage
were bought with money from Wall street.
He charged that Cleveland had been ma
nipulated by Wall street. He wanted to
know how much “sugar” he got for writ
ing the Wilson letter. He believed Steven
son would have done much more for the
south than Cleveland. Two hours ago he
believed the democratic party ought to be
tried again.
“We were born democrats and we’ll al
ways be democrats,” he said. “We may
have to change our name. Those scoun
drels up in Washington have stolen the
democratic livery and are serving the
devil.”
A Voice—There’s nothing in a name.
Gelling Near I’<> pn! i s:n.
Governor Tillman gritted his teeth, got
red in the face and said, with much vigor:
“I pledge you here and now that just as
soon as I see a glimmer of hope to throw
off the yoke of gold I’ll lead you on if you
will follow me, ami if you won’t I’ll go it
alone.” (Great hurrahs.)
During Butier’s speech the following oc
curred: “We want Tillman for president,”
from the crowd.
Butler—Upon reflection, you can make
him president and send me back to the
senate. (Applause and laughter.) .
Mr. Seay—Do you think we ought to ex
pect any relief from the democratic party,
and who is your man for president?
Senator Butler—l think the best man for
us is Adlai Stevenson, or Ben Tillman, if
you want him. Stevenson is the friend of
the south. My judgment is that the dem
ocratic party is our only salvation. If all
men, of whatever parties, will unite on
some good man on silver, not only demo
crats in the south and west, but of the
north and east, too, 1 believe will back
him. That is the way to fight.
The crowd, as usual, was largely a Till
man crowd, but General Butler's friends
speak even more confidently than they
have for the past fortnight.
TO RESUME SILVER COINAGE.
A Limited Amount of Standard Dol
lars to Be Made.
Washington, July 17. —Secretary Carlisle,
it is understood, will give direction, within
a few days to resume, to a limited extent,
the coinage of slamlard silver dollars at
the mints of the United States. Since the
repeal of the Sherman silver purchase law,
last November, silver coinage has been
virtually suspended, only about 500 silver
dollars having been struck off bearing the
date of 1894. This coinage of silver for the
remainder of this year will not probably ex
ceed $2,000,000. Its coinage will not affect
the amount of money in circulation, as for
every dollar of silver coined a $1 silver cer
tificate will be retired. The coinage, how
ever, will increase the silver seigniorage
now in the treasury but still uncoined.
This now amounts to about $55,000,000.
Mere Gold Ordered.
New York, July 19.—Late in the day for
e:-n bankers announced that they had re
ceived orders to forward additional amounts
of gold to Europe. In consequence steam
ero sailing on Saturday will probably take
out between two and three million dollars
of tiie metal. ..
4 STUDY IN FINANCE.
COL. ROBERTSON ON DISCRIMINA
TIONS OF CERTAIN CURRENCY.
Responsibility for This Country’s Financial
Legislation Rests on the Democrats,
and They Cannot Evade It.
Cornelia, Habersham County, Georgia,
July 21, 1894.—Editor Constitution: In your
issue of the 15th instant your Washington
correspondent informs us that the judicia
ry committee of the house has made a re
port recommending the passage of the
following bill: “That all contracts for the
payment of any sum of money, whether
gold, silver or coin, may be discharged by
any money which is by law a legal tender
for the payment of debts when the con
tract matures.”
In the report of this committee recom
mending the passage or this bill it is set
forth that one purpose of the measure is
“to preserve the stability and uniformity
of the currency.” In other words, the ob
ject of this proposed law is to break up
the coin or gold contract business, which
discredits some of the paper curiency of
this country and destroys the parity be
tween some of our several kinds of money.
The principle upon which the proposed law
rests is sound and purely democratic, foi
under the operations of such a law the
debtor and creditor will meet upon the
same terms of equal rights to each and
special privileges to neither.
But, unfortunately, this proposed law
does not and cannot reach far enough to
touch some other republican financial leg
islation, which not only encourages the
individual in discrediting some of cur cur
rency, but does in itself not only discredit
it. but absolutely destroys the parity be
tween some classes ot’ our money which
is coined, issued or backed by the gov
ernment.
The majority of the people are possessed
with the idea that all the currency of the
country, gold coin, silver dollars or their
representatives—gold and silver certificates—
United States notes, treasury coin notes
smd national bank notes are on a paiitj
in their capacity to pay debts. This idea is
a popular delusion, for no money winch has
any exception as to its legal power to dis
charge debts, public or private, can be
on a parity with another money which has
no exception as to its legal capacity to
satisfy any and all debts. The truth of this
proposition is prima facie.
Several classes of our paper currency
have specific exceptions as to their debt
paying powers, therefore cannot be on a
parity with gold coin or silver dollars,
which are a legal tender for all debts, pub
lic or private; and, in some cases, these
exceptions even destroy the parity between
certain classes oi the paper currency, as
the exceptions are not identical. Take the
treasury note issued under the Sherman
act, made payable in coin at the option of
the government. On its face it is stated
that “this note is a legal tender at its face
value in payment of debts, public or pri
vate, except when otherwise expressly stip
ulated in the contract.” While this excep
tion may have been made in the interest
of the holders of United States bonds, yet
it certainly’ suggests, encourages and up
holds the idea of a contract which may
discredit this character of note as money
of final payment, and thus destroy its par
ity with other classes of currency.
It is true that under the policy of the
present administration this coin note is re
deemed in gold, but the administration may
find it necessary to change this policy am
exercise the right of the government to re
deem these notes in silver dollars; hence
the creditor, with this possible condition
in view, may demand from the debtor a
contract that the debt shall not be dis
charged by payment of this class of cur
rency, and such a contract would not only
discredit these notes, but destroy their
parity with a legal tender currency.
Now, take the United States note, known
as the “greenback.” On the back of this
note it is stipulated that “this note is a le
gal tender at its face value for all debts,
public and private, except duties on imports
and interest on the public debt.” Here the
government forces the citizen to receive this
class of money at its face value for all
debts the government may bo due the cit
izen, excepting interest due the fortunate
holders of United States bonds, but will
not receive this kind of money for a certain
class of debts due the government by the
citizen. Though this United States note
Is redeemed in gold, yet its parity with
coin or silver dollars as a debt paying
money is destroyed by the exceptions
equal to gold, but not on a parity with
gold.
Now look at the na.tional bank note. This
class of currency is backed by the govern
ment; made absolutely safe so long as gov
ernment bonds are at par, yet this cur
rency is not on a. parity, as a debt paying
money, with gold coin, United States notes,
or even the much despised standard silver
dollar, for this much vaunted currency is
issued under the following stipulations, to
be found jirinted on each note:
note is receivable at par in all P art «
the United States in payment ot all u. .
and excises and all other dues ot the United
States, except duties on imports, and also
for all salaries and other debts and de
mands owing by the United States to indi
viduals, corporations and associations with
in the United States, except interest on the
nubile debt.” Here we have a cuirtncy
"ed by the y.';
the citizen bv the government for all dents
Ind demands owing” the citizen by the
United States, excepting one-interest due
the holders of government bonds—j et not
a legkl tender for private debts or receiva
ble by the government for certain dues
from the citizen; hence it is a currency not
on a parity with gold, silver dollars Lnited
States notes or treasury coin notes. Yet
tiiis is the currency which is fighting the
repeal of the prohibitory 10 per cent tax
on state banks of issue.
Whv Mr. Editor, under the present con
stitution of Georgia a state bank whose is
sue is based upon the bonds of such mu.ac
ipalities as Atlanta, Augusta, Macon, Sa
vannah, Columbus, Albany and other cities
of Georgia would give to Georgia as saxe
and sound a local currency as the national
bank note, for the first would rest upon
a foundation controlled by law, while the
second is based upon a foundation of faith.
The payment of municipal bonds can be
forced, while the payment of United Scutes
bonds cannot, and the values of the latter
are subject to fluctuations from foreign com
plications, which are at all times possible,
if not probable.
If the convenience of interstate commerce,
or that of the public, demands a national
bank currency, very good; then, let l ie 10
per cent tax on the issues of state banks
remain in full force, but only against all
such issues when used as a currency out
side the state in which and by which the
bank of issue is chartered. With thD re
striction the issues of state banks woul 1 tie
a purely local currency, and so much the
better for local enterprises.
But we return to the question of parity.
The governmental destruction of the par.’ty
between certain classes of our currency
does not end with the instances cited, as
at certain times in Georgia and other
states, where money is taxed thiougn the
operation of a federal law, the United States
and treasury notes become “mere to be
desired than fine gold” coin, for under the
following law, growing out of republican
legislation in 1862, these notes are exempt
from taxation. According to section MCI of
the Revised Statutes, "all stocks, bonds,
treasury notes and other obligations of the
United States shall be exempt from taxa
tion by or under state or municipal or local
authority.” n this instance parity is de
stroyed by exemption from taxation to
which other classes of money is subjee ed.
Whether or not the law quoted is applica
ble to gold and silver certificates is at least
a question of doubt, for, these certificates
are obligations o£ the United States, and,
if there is no decision of proper authority
to the contrary, the doubt is most certainly
taken advantage of by the taxpayer.
The amount of money, which is without
any doubt exempted by the law quoted, is
as follows:
Said to have been in circulation Jannaiy
1, 1894: United States notes, $202,541,811; treas
ury notes, $151,965,267, making a total of
$454,507,081, which is nearly a half of a
billion of money exempted from state,
county and municipal taxation —an amt unt
greater than all of the taxable values of
the state of Georgia, including railroads, for
the year 1893.
As a democrat it is extremely gratifying
to be able to say that the lower house of
congress has had under discussion during
the past ten days a bill to permit the taxa
tion of these notes by the states and the
bill has passed the house.
Mr. Editor, the financial legislation of the
republican party during the past thirty
years needs, in the interest of the people,
reform as radical as that demanded lor the
tariff legislation of the same period. If we
are to nave class legislation, should not
such legislation be in the interest of ttat
class which contributes most to the wealth
and prosperity of the country?
In the year of loai the people of the
United States bought from foreign pro
ducers and manutacturers the sum of
$844,454,584 worth of products at custom
house valuations. How was tiiis enormous
sum paid? Nut with money, but with pro
ducts, lor during the year 1893 our people
exported to foreign lands the sum of $854,-
737,111 worth of products of all kinds, wiiieh
sum made a difference in our favor of over
$10,900,000. VV hat classes of our cit.bens
and how much each class contributed to
this great international barter transaction
is shown by the following table:
Exports for year 18935851,737,711
Agricultural products7s% per cent
Manufactured products2o% per cent
Forest products;ji, p er cen t
Mining products 2y 2 per cent
Fisheries% per cent
Miscellaneous products% per cent
With these figures in full view and tak
ing into consideration the necessities fur
nished to our own consumers by agriculture,
is it not safe to assert that 9o per cent
of the foundation on which the prosperity
of this great country rests is agriculture?
The south alone, though laboring under
fearful financial disadvantages, contrib
uted through her producers of cotton the
sum of $204,106,023 to this international bar
ter transaction in 1893, and that contribu
tion, over 23 per cent of the whole amount
of exports, was made during a season of
steady shrinkage in values.
Yet, Mr. Editor, in lhe face of these facts,
when those engaged in agriculture, and who,
as the figures show, so magnificently up
hold the products of their toil t'ne great
ness and jirosperity of this country, ask
for financial legislation which will free
them from the shackles of monopolies, they
are told that our financial policy must ac
cord with that of England, and that Eng
land is not yet ready to consent to such
a change in our national financial policy
as is now demanded by the producers of
this country.
While the foundation of this country’s
prosperity is agriculture, England’s basis
of prosperity is found in her manufacturing
interest, as is shown by the fact that
in 1893 the “United Kingdom,” commonly
known as England, exported to her colo
nics and other countries the sum of about
$409,000,000 worth of merchandise, not one
dollar of which was either an agricultural
product or what is known as “raw mate
rial.” Yet, during the same year, this
country, with over double the population of
England and a territory in which England
would be lost, exported only about $179,-
000,000 of manufactured articles. These
facts show that the vital interest or the
basis of prosperity of the two countries
are entirely different; then, why should not
their national financial policies differ and
each be adjusted to the building up of that
interest, on which their prosperity rests?
If the producers or manufacturers com
plain of shrinkage in values and low prices,
of products they are met with the reply
that “a dollar will buy more now than ever
before,” but they are not told that the
converse of this statement is just us true—
to get a dollar now the producer has to
give more of his product than ever before.
If a demand is made for an increase in
the volume of currency, the reply is that
“the circulation is now $25.55 per capita,
which is enough,” but no mention is made
of the arithmetical method used to get this
per capita ax erage. This method is to taka
all the money coined or issued by the gov
ernment and from this amount subtract
the amount in the treasury of the United
States on a certain day and take the result
as the amount of money in circulation it
that day. No allowance is made for gojd
or silver coin iij, vaults, strong boxes, stock
ings or holes in the ground, or for gold com
held or recoined in other countri ~. and
nothing is allowed for paper currency of
such large denominations as to be useless
for general circulation.
Our paper currency outstanding on Jan
uary 1, 1894, was the sum of $1,160,156,065,
of which amount there was $82,583,070 in
the denomination of SIOO, $19,353,500 in the
denomination of SSOO, $63,216,500 in the de
nomination of SI,OOO, $14,415,000 in the denom
ination of SSOOO and $67,220, in the denom
ination of SIO,OOO, being a total of $246,788,070,
over 21 per cent of the entire paper circu
lation of such denominations as to reb
this vast sum of money of its parity as a
circulating medium with currency of less
denominations. Such money is not a money
for the people.
Mr. Editor, the democratic party is now
“confronted with a condition;” it is in,
charge of the government, placed in charge
by the ballots of over five million voters,
who are most anxiously looking for a full
and speedy redemption of the pledges made
in the Chicago platform, as interpreted by
the people. They care nothing for fine spun
theories on finance, nor for the opinions
and wishes of “the crowned heads of
Europe.” They have faith in themselves
and confidence in the unbounded and unde
veloped resources of their great country.
The party must squarely face the con
dition with which it is confronted; no
dodging; no makeshifts; let the leaders do
their duty; the privates are ready, willing
and waiting to support them. Let tins
slogan of the campaign of 1894 be “ie«
deem the pledges.”
JAMES W. ROBERTSON.
HE STI LI. BELIEVES IT.
Senator Allen Is Confident the Sugafl
Men I’ut li> Money.
Washington, July 21.—Senator Allen, pop
ulist, in an additional report on the sugaU
investigation, says:
“In view of the fact that the report o®
Senators Gray and Lindsay, in which I
concur does not set forth tne facts in this
ise as fully as 1 think they should i.»j
stated 1 have deemed it perfectly proper to
me i 'separate and additional report. The
testimony shows to my mind quite conclu
six» Iv that contributions were made by the
su ar trust to both the republican and dem
ocratic parties for campaign purposes. 16
is true that these witnesses testified that
their contributions were made for local and
state purpo« s, but there is no doubt in my
mind that the money went into the general
campaign fund or those states and was used
as much for national as for state and local
purposes. I think the American Sugar Re
finery Company, popularly and more prop
erly known as the American trust, has been
In 'the habit of contributing money to the
national campaign fund of both the demo
cratic and republican parties, through its
president with the expectation, if not the
implied promis.-, that whichever party suc
ceeded to power the interests of the com
pany would be ‘eared by it.”
We cull the attention of our readers
to the fact that the inls.sliia word
contest, of which notice is given in
another column of this Issue, will rua
for two months this time, instead ol
one month, as has heretofore been
the custom. We make this change lu
order to give time for more guesses,
anil In order that the dividends nia>
be larger than heretofore. 'I hesn
contests arc constantly increasing iq
popularity v.iih our readers, and wa
feel sure that, now that the time has
been extended to tw«> months, the to
tal receipts will he far in excess ot
any heretofore received in
contest*. s— 8-*” .'.l ’
( , .>■ **.
7