Newspaper Page Text
URMGUESSED? I
Our $4,030
*** ■*
, Contest
i * •
Cotton Receipts
At New Orleans inter
•»t« everybody.
. ' Iry yoor hand on the
Calculation
KF Alt THK TERMS
CAHMt'U.T.
& «
vol. xxviii.—no. i*-.
Off MS.
Th? Democratic Leader of the
House on finance.
declares foa both meths
} Single Standard M-ans Low Prices
and H-ird Times.
HISTORY SUPPLIES PROOFS
T*n»met iz.it ion of Silver Started the
De*Hne. "Which S3:11 Continues.
AN ABLE A«9 DHADSHVE ADDRESS
The Distinguished Geirßinn Sounds
tho Keynote of V ie Minority’s Pol
icy in the Co ming Congress.
>; f. r.» * .-iet session of the two houscti
ft> • ■ it* 1.-gia,' J'l" W.xrw «lay night
_i>,. r Charles F. ’Tip delivered th”
,•-..: g.s- m -t pt >werfs»l anil iogi.-al un.in
• .li >p>e-’t |- rh.’f s •'ver- delivered 11. Gcor-
lt wan * notaStde occasion. The distln-
•ijshed Georgian had linn Invited by th
t»an:m« us v ot« of the two huu*v us the
>;.-rs.-r<*! assembly to address (hem on th*
roidh-e! i.-su v. th' day. They were in
tolr.t ; ..r. t» hear him. and the w th.
.oors of 'h« hot.-•* of r pr -■ nt-Uiv.t; ui»n,
. fronting the general public.
He-idrs the m-mabers of the leg: ' iture
and ’ho stat* officers a toiml*.-e < f ■<
• orma <*• -g; tie-, <' e .-re .1-
tnan Bankhead. of U-Jomt. am! ..res of
t.ie iwet primlacnt m»n in the state w» re
Amomr the w.-H-kn-e*” fares were th*"*
. ’ Hon. Fl-ming G 'flt.rnon. Chan-ell. r
irf'g.rs of the Stat. iirwn-.lv. Dr 1 C
White, Mr. XV S. it non! arid S.undrmfai ot
.ir. Crisp s|* ** I"*'® bqwrs, <*”• ntnj?
‘ »ras*ll . s In-tv. !y t.. . i • t-an.-m! qu. t>
«<■
I*.- av-i B*l •' t. r
| » . . w. . ’! .n l> ■►•«•'f.il
••: h bar . ' .Il’s”. t-.. world . v r I
He ’-I t’.o fact mat the ter. pas age |
.. r- . -.v. lit iy th.- Lett. I 3tat« '
• s. v •'al v.-ars ago ha I caused !-..
I a'.lion value of nlv r in Ixjn r.ti to ; J
•Xi*’* ’ L-r r..'.. «»♦!><’<' in days, iu» 1 •
i-id that the rehabilitation of silver by tbc
C-i’.-j States w.-ild re-r-’ tbli.-h it tbo
w.old over.
• - was n pract nl. •■r.-uo titn-
. |;r.Ji:*-, as Mr Crisp speaks on nil
. 1.-..1 It was yarn, rri sly . mlatw d
•• - it xc.; at its con l<i<»on the an■*.-
i• s led ’ ; I and h»n« and • row d
- - - I r v <t II t« rm.-d the wst 1 >gi
Mr. Brand's Introduction.
Mr c • w » introduced t>: H"’>
r, -I. ;• I*:.. :•• t- f
ar followst
It™ ,tni ■ lon of th’ .! .... .-.ith
-•.;: . ■ ■■
J ea ->• t dutl ot lutt -t-l .11- to llw !»v.|<|.
- ho.-••■d ■ .-unu’iisfc. I ■■’ii-i
, • ... • . •• r. |.e»
;:.a: w- > to »«1 11. to ! -•» sar.' t>> hl
n- n- 0.-ii • di-iincui
, i <: o’ •• - h’.str ’ kt - * of no tn in
. >.-nm i.» al l «’ •* mor. liotrjr. d
...1 I.V hi !• I! w .1.;..: r-. ill. n I
vow of t.« man in * • < .ons* i> of »he
~ «s. n-... ?n. ua'’_ • • I* mor
d<> plan -ti- in.;- iiiiv- and ><>K i
•r. itrettf t -i*”.’. - I «; .* .1 ion- .if I is.-...* s
that |.n.-. for ..l it: - tot <>ie bar
1— Im- .. er, pro !•. I know <•: n«> h.'tn.r
•j th gift «f th<‘ t-ie,de and no Position
•>f trurt ilia: tl>. -..pk •an id> r U|a»n
man that thi .-ici; .ished
Gtorzia enoid not a. ar worthily ai d mul l
with ai-iiiti * and iMkdity
to hu • ..inir. (.\ppi.u-. ■
“To the ( rne-.pt.-- «.f pivat ... nr»-
cratie js.rt' n* ha- •i- he. n loyal al it .
slirtm h. ha* ev-r pisd 1...m.iy. .i| on h. r
altar h- has alviy- .-cprit.iii.-d faithful
. survi—. air: whil«- ..residing <.v« t
th* natmr-a. ’ <•«: of r-pt.-• ntruii-.- m
. ■■ ■ . • i. ■ ■
‘S r V% *" IM ISO’ tl-i<?’•>■♦ at. t 11**
destinfe-9 w<-r»* dire in ’‘-if* ei .inn« ls
Sooths in private hte. .n.-orruplibi .n
• Ij*. «irM«h>nr> of puhlk »!•!<:• <. h«- • up»<*s
d a h ’h a* <1 holy »n th**
•‘•sart!*- th» • an l th* «• «*t
his f. llo» muntry m. n. ’Seontfa lo»«s.
. i.« hrnors. «;• >rgi.< w.-imne e her • •-
Jovwl «•’». Mr «Ti p of <..ot i;j. who will
<«• you.’ anti r«.ri* w«*J
a. • c»ntinu*«i
Mr. Crisps Speech.
Mr Crisp said:
■•Mr l’r> •«i-ler.t aad G« ntl< n»< n of <•>■*
Oem-ral .t«* mWv: Profoundly g .iu f-.-
for tl •- honor which you hav ■ confem >.
noon me ' shall endeavor to manifest my
aLmveiaUvn by a fr-r.k. Imm st and f. ar
-; r. - • r’stion of my v• ws on th. mile
11.- Issues of th* day •’f course i g..--
without ii* ills that I Shall siaait to on a.
a ". fem—rat; «i •. too. who b ■ 1.-- pr .nd •».'
• b retard of h - partv and or., who f. ■ls
.lai th. r...i and ie-«t fnterv»t.« of •!;•
•ra-oe-- C t-o-.| of” I’nit-d Stat.n
ar. I.’.k-d iii.il- lutdy with the destim-A-
•Jua g» v-ri’ti •nt h u ours, o’er l tV
\ f
few! Ip fl 1 :
,4W5l® fc _ ’
■»*vr!e rule, it is . “enlla! that we should
lave party givernment. Where all men
must vote or eiiottld vote in th.- selection
’ of oitieers it is natural that those m< 11
who agree upon < s.sential pnneiplcs
should vote together, and thus form a
party. Perhaps you will never lind a
imrty that represents exactly your views
• on all questions, but as plain, practh il
* mon you .are to eo-operat.> with ’lie party
that e..mes the near, st r< pr. seining prin
ciples which in»s t tli«- approval of you
judgun nt.
!. co .i’.m.M'ratic partv was tsirn with
•h- govemment; It is id-’itifi.d with all
tho ureal stmu::l.-s which hav. lal—n
; -da.-., in this cuuriry. It has advocated
>-r...<t print |p|..-- and has bad grc.it battles.
It has had i s Victor’.S and it has had its
I ’.f .iis, but hose who Ix-Ileve in the r. 1.1
i prin-nph-s of d< moeravy . ling as c'ose
• to the . i. a: party In >• i. h m they do In
j vl.-tory, la-ause they know that with the
d.-stru. non <>l that party Wiai’.d he hist
all Hail is valuable in the g.iv< rnment
which ib. y love and rvi.rv. (A> piause
and ct» • - • >
Always for Bimetallism.
Now. th.- d< >n.« rath party i • trds for
• erti’n principles. It stands for local
self-rm. riuiteiit. It stands for ei-opomy
n the administration of public afft.trs. It
i -lands a -.iui-t .a :ss legislation. It stands
for eqc.il rights to al! of the citizens of
the country and : iievial privib ; .-s to
in tie. t stan.is against high tariff. whi< h
•s class l< t.i.-lation. and in my judgment,
goiltlen'en, it -lauds, and has always
sto- it n favor us l.im. taHi.-m. tAi pI.-iuse
•n d cln- r.-.i Ari! that is the qm stiuli I
I ir. pose to discuss tonight
••\Vh;’t I-’ bimetallism? The equal coin-
. age of gild and silver it the mint with
out dfs.-riminatlrui ae.tlns etii-.-r at a ra
«io fixed bj law (Cbr.rs and applause.)
■ anything -hen ..f the nhsoliit ■ equality
of ih-»e metals the mint, wha ever it
nr.' lai. is •• ■! i.'inet til ' rr‘- . .. i
■ i’ti.. con.-titution of tile Uni’ d States
. piovaii’s that congress rliotil l <-..in mo- . y
.itui regulate th.- value tber'et.' That is
' ’> gr. vi disturbance of th. bard money
th. exact ‘an’tn.ig.- of tile const it '.t it u
The First Coinage L;’»vs.
•’ln r?.2 wi-.s pa.--, d tie first ■ • .t ipte law
• That law provided ll .1; ’-very Pftis-n
pounds* weight o! pure - Ivor should be
• us eqra! Vallie in ail payin’bis Willi one
IsiUtHTs U’ itt of gold, and all the uuld
at.d silv’ r eom v l.ieli bus t en struck at
ar.j i-s’ird fr m the mint shall a 1 iw-
| t.'l tond’-r Iti d! payments w has’nv. r.
i Ti ts is bnn talii ’ii. Th - re 1 ■ noth t■:
; ntiunt i unit of value, but it fixed ... ratio
i lietwven the two ni’-tals at.d provided I.
I taw that either of th.m at that ralto
I should I” a lawful tendt r for all ifvb’s.
| p'lhlie and private. I’ was found in Is'
ti.it there was a dr-oanlv between the
cotn.-ign v duo and th. commercial value et
the two metals, growing, my friends, us 1
hop.* to d’-r-on-trate to you. out of ” e
differ neo of th.- ratio m tlit.- country
lie. tie Hi.io abroad I'lt th pc. p.e l
' that div pr js.-i to ills, enti:"i • the coin-
•a. .. ’.f i itlnr III’ ’a’ I.'C.-1..-.. there was a
...ir.-r--tits, in th., r.itli ? N..t -o: hut they
J enrefully eonsui. r-d all siirr.'ui dir and
i . an •• to tb.i coin rusion th ti tin "as to •
m... g.: ii i«». •”1 t •
1- • 'ty - • •
>■ 1- le >■: ■ ’ 1 '
T. is el'.Uigi d ' r >ri t.. t I ! t.< bi i. o li.il
-•Xt». a ; .'icd- f silver should ”T:.ll • ':>■
• ’..’ini of .nd ■ tth.r sneoid !•• !•’-
| nut i.d to t us. <j ti th. nay na nt < ' Id t. .
That . ..ntiiiil’-d tin- 1.1 - I S'"' I
F’—.s.iwn t. tv.!. |: f’.re th. va; d’ir-
, Ir.- all that iong per:..! wi ti:.d in the
I nitrd States no gr. .Its. u— n as ■.
tiu.. riqst tiV” value of •.•.•Id a’’l Mlv. r;
no great .li-tr.ri’ariu. ot th” hani nioni’lj”
■ si t.-m !■ r nev c ’ <•’ '' "•"'”
"The (enul of that div twl.ev. i that
th. re '.a sudi t thing mm. tall - m and
th b- li« vol that « n bine tallism drp. tided
th. Int r. • t an ! prosp. r.iy ut tin |» -ph
“But in t‘7t div. r r. i- 1 mm ctlzi ?. ft
wa- not deiiv.r.-tiz .!. my irfond- fie. a::-,
it was id’, up. fm at th.' time of the pus sig.
dollar w i- worth 3 c. mute than >'
, bullion valm of a gold dollar.
Why Demonetized?
I "N".w. why wa t .!* t” ' z-’*i? There
! m t-< but on- re.i- >n. It v:<~ ln<T
t , value of a void dollar. Now. those who
• ..oeo- ■ silver mi'-. XV < o’. -e it t.. . an...
! it is est. ap. f. ..Tire ’he bullion !-• ’ ll- in ’
Put in Pit. a I have t<dd you, win n .t
W .i.-.r ck down. til. b ). n In a .Ivr
dollar was worth 3 e. nt- mor* that, the
bull on in :» go - I dollar T' at act w is pars
’d without knowledge on the |. irt of
the p q.|-. or of tl . i’ • ’•’- rept - en;-. ■
t ' ». t.’-d I never In ir, t- .’ q ii.t”d
in d.-m.” iti • .if ’■ until wit'i n la-t
la’- ’h- 1 -t ' • ir or t v
tl.cii’ht’r and :> lat -.t d ■ ■ ot b •
’•rats, as.— rth>g <>n tb- s umo an 1.1 > wti.
that the act of 1573 was pi 1 vitr ” full
: know! Ir. and consort ->n lh- part of th.
' it. Permit im or m ■ -t t• < '1 your at
t. niton to tii i’. Mr. Tburt” .n. <•; Ohio, 'th..
rd. st I: . i . ■■. m . 11 <-ipp m ’
■ ... .-r- >. who lingers now ttpori ~ : i: ba 1
i .s liotnc in <’oli'mhus, O, stat d on ’!•■
;,.”»r *” th s- n.i.. , 'Tii- r. >s it . *n. i.
man ttie •••na’e J think, uni- « nerha,
i in. • ib. r ’.f < inference fr ”n wi i ii
tie 1:11 • 'nr . who tin light it p. .n ■ ! to
.. ...|- .!• monetization.
M Ah it . . r. . n'nt v from lowa
i i di-iit iii-b i candidate for the r.-
: '•il. -n >ir.ir idun for i• pc - ;.i. tu-y.
- ! •\Vi> -n t' • -• eH't history •>! the bill of
■ .'■ ••otnes, i i r d ! it will dis. lor the fa- :
i- tt . ’ion . p-. s, < a ti\ intended
■dn loth sold arid At
• I’.i k, a niemii’-r of th.- ’ion = > f*nm Km-
• !.v whei ” I'd! w ■ a ’.I, ■ ild 'The
II v i li d- rnom tiz d iiv. r ver was un-
■ : I bi , i,’ ins-., of c’jrittr’ ss T
■ - r , < n -th full kn til. ••-.• of ”>■ a
-• t .i' - Her V. - Vir-.-ri... say :
tb-’ i ■ id.-nt Gar:n !d. then t no m-
..... -id h. -,.m. tl.lr. K’ 1!. • of I . nn-
■.h.im::. - ■■■ ‘T WAS b.-oor;..it of th., fact
• ■ ,1 t ■ |. Il d. mom tl:.. d sllv. r.‘ And o
H—. : wh-. .’led " 11. .i d not know it
••X,,.-.. w i • ■>: I r t’o .•ir . ler ..f
I I v ' 1 ■ -i ' that t 0...
X ■ I • ' . It wax « I ill
to r. or:- n z ”. mie’i; ”■ re v i-- r dlf• g
n its ’fib- showing that .-*1! r w.c- to be i!e-
~ i.... , i ~ i. .. on ~...0..r o :0.. .0,1
I.ffi. •rs no! ’. Ale* w c 'liven Io fin.
t-r •• co t ’v«r” v* ,5 • -«»*’- • W>»r»r iV’l
oill do’ I; abt’.’’.i:ely demon. < '.■/■ 1 sll-
<..it v •’ •• b i '!• .’• ”■*■ n .of i <
in.. of cor. rerre • t’faft' ■ - to eo->-
er-’-s follow -Ire ”••• of 1| t 1 I '.
• i’-n to the cwt'sr.'ss v !•' hr’s ' *v” r
.1 and I ”k I •a” A-mo’-str-’. f’ ui
, s ... ’»o > • • t.t-t’Vl -• o' .!> ■ ;,<■ ! .
~ , i...e .■ ... th: i . t -
I lo r. ’ t.t ■■•l’a'i :i'•r as It was " nlt V
■ g’ru-k .town. < Prolong-d npnlaus ■ uni
v. ••' it ’-• •• some cor*, i’" n- to -
, ~ ■ • ...t onrt'- r zoons’’-! fu* this
.! v , , ..dvoentwl I- ”
’ion. T’ • cot'grc - tbit «tmel; d' wn silver
v _• il, ~n. t <>« r f'ir<'. I comtni. yo In;.
, ...ri’iv v. b. a ’ sav tbit v -nt to t".
•■■• l. gold -i ul inl as ,i n-oublican tneas-
Sotne of the Votes.
w let V- •’■ eot-.o .f tl votes. Ir.
;I.< c< itii’er. 17 ,: . w. bid a vote of tl.
amis, on lr> •• •" iii.ig ■ The yeas Wir
t’s ami tbe n.ivs .is Th.- «r me.uatle yeas
. .-re !”t and tb* 4■ mocratie :.ay were IT.
I fine hundred and twentv-four democrats
t -.uvrsu fn-. ecinivc in lSu> and seventeen
ATLANTA. GA., MONDAY, NOVEMBER IS, 1895.
opp. .d It In th* hour? of r-pres. ntatives.
, Tues.' w*re th reprr-*ntativ*s who were
] eivti.il by the people and thus* are th*
I r. p.'•i , ltl'< v.hc speak the will of tl *
people in louder ti tles than any platform
made on any occasion. (Applause and
“In 1877, one y ir thereafter, another vote
' on fr** coinage was taken. The detn<” ralic
vca.: w- .'e I’7, d* mueratic nays !•’. Ninety
seven to ten was the proportion nt that
time of the democrats who favored the free
! and unlinui. U coinage of silver.
“On th* Bland-Allison law in 1573 the
dmniH-r.tie ya as were IX’. nays 21. One
. hundred and twenty-two were th*
' friend, of silver. On the free coinage till
. in jssii Im 1 democratic y*as were i'C, nays
bl. Th. navs. you sec, were then incrcw
ing. I d . ill a majority of tn* u. niocrats
st Mid for the frv* coinage of silver.
•'ln ixx- the Ire* coinage detno. r.iis were
ini, navs 13 In IV’-O tn* bmi.H ratio parly
j't.K d tii ’ wav. In l v '.iO ug -in lh* liemo
erati* vol* was 112 y a-, XI nays, in favor
of fri-e eolnai*.
'Tn larch. Iw!. on a motion io tahe a
i fr-,• ,•.*-..■■■ bill ih* '- a- w , IP and the
‘ navs "7. I wis sp-il*t ai that tinu and
I vet*d with tie nays -.-il that nnub- a ill
ar.i :h-- i ict'o i I i.bd < Xici'a’is »
“la Am-', Is' I. ill* fl * II I'IUC’ d*ino
cra w.r. 1 I. navs Hili T*r the lirat mn*
1 <- history of "th- d. mo. i at:.- parly io
I'*.: a niaiciiti of th* «1* n-leratlc n pr.-
: s< .'a A. i i coir.-less —a cajor ty ' f two—
' y,.:.’i .linn ot tree I’lH'ii.p. They voted
against tr.-i .-i i uigo tl" n I” e ms' lira.
■ w s a prop. ith.ll to r*p. id the b'u'rm..n
lav.. : - I y " • I* utg. d to let. ll|irOe
s* -in stand by il-*!i. and when it was d.s
p.._ . , t t I'tn. r If: islation should b* iia.l
i r. lati. ii to silver, l-’ollow ing that, m
’ Ma" b. l*'t. v. * had ttic .«■ gnoragc hill,more
l. .- |.. ion in tr* i .” r<- f • I silv. r, ii'ul hov
el I that ’ iilt'.' 1» mocr.itic nyv 1 and
, :ay-- 'i'h.- !ionr had * in* warn soni -
tiling ■ hotild I- - u.iac tor sib., r, and ma i;
of la. * . tub nv- who !i<-.d voted attains.
.... • : on th’ ' ' - hill
vol d m t Ivor ■ silv.r. So that th. vol-
• ■ a ; ...mo r." I.': . t” •", nad wh*b til* bid
■’. i vetoed ttb democrats vot’d yas ild.
•Taking all th c vote* fagetltcr, mv
■ ■ ... - ■ i i that sd*. r w .
<l. ua.ii. 11 -. iin r*o li’iican eo.n'r- s.i am I
not m.ii,.d in saving that t-'.e csiiiiillkh-
m. cl tl" sin gold s'andnrd i l the
t tiit.d Siat.s was a i. paid‘a.'i measure
amt 1 ~ s | . . . r m- t w ith th- approval of t.m
' ii*ritv of th. democratic party(Aji-
; ] iat.r ■ i
The Merits of the Question.
' l“.:t it :• >:< <-. ary now to suy .some
tiling on tile merits of the question aS
b. tv. - n the single gold standard and the
■iim ia'e standard i’ard- ti me it 1 i. a.
a little r .-n-mi ntar.. thom hls on this
subj.i t, because thi.-i. is so much confus-
■ ii ot i.l-.-is, there are so many singular
.tmpti ; . th-ar. so many altered—
• ■: - . t ' ■
’i.-.’-a ’ ' pr. ■l* It i- th- am* old song,
but i . -in-.' by .■• many people. 'I he old
’ repubbi an song with which we have been
familiar . v- r rime i-di. when silver w.is
demonetiz’d. V. • hud it in so many
i plia-us that it is necessary to
ret -r to the el mentary pritifl) i s
th.- v*rn thi t in-.- that wc call money.
. , a. • b. -
...... " a ip.;. ■■.’i” •<
a: ;<r’ . .1 111 • t Imp’ rt.t ci
. us v «If ,
d. .. : pa- ai- '. oi . y is a . . .U r fn
' < ,
< . I :nit want
Ii i I
I.: . 1. -li.ei. but tin- I-.r
ii ! it ..I wi-i- 'i I* might have mqd*
an ax • i ho* wnabt have ii**n of inti: It.
v„iu Mr,.. I- a::.ply . eftil ill soci.ty
■ I im.-' i >- in ’ If tlie population
..rd com”” i . . t, : ney should in-
- in.| - . * t" hav* an ab-
i. 'i oi vain*, cut it should he as
m rlv :-o as |M ssild. ’Io make n so the
no tin * in in a., y ■ li’inl.l I* < qual •<> th*
it* nare in population.
The Two Systems.
"Now. tier.- what ;.-in call a hard
m- •* y sy t m and a bat money *y~i n .
• 1., .bi. tiun to the tint money syst.m
a ... **l tl u it 1-ft i- io the liglsln' lll' *
. ‘ . ngr- t i u termini- how inn- !
n:--* y should i i-- ! " d. Th* gr. at ad
vnniai:* tliul ha . always b. < n eltiini’-d
er ii* Inm'-ti'.lh* ‘tiil.-iani Is that i was
suppiy of th* pre. iam tn. til tiirr-.died
l.y nature itself, ami that tin- labot of
llioiisai -i of years ha; m t produced very
mu< !i unit, ot one us tiles’ nn lais in value
than the oth’-i.
‘ tn ti-. .ally days it was n. ver <i- nl"d
’•id <-. . I* <mu on* metal Wvi.l-1 muk'
iti'- ot*. r m .July valual'i'. Tin- first iff
.i.iiiii. .:•.<• either was niter
tie- )>•'' dr a ov. ri’ ■ in Ca’lforaia. Th. n
you foil. 1 p <i|.!• m Uurope , i imorini; tor
i ’.. .I, i- u hi nt g-.1-l. Tic . v... not
n. 1,11 dis.-us. 11 ■■■ " It .* rt in th.s un
try. but in i:u--,.0 tb'.v ilamor. d for tb,
«. an ’ ii* a of gold. I-'a'mloti - - •or,,
wre t,.'.| a tl am. -mt *: • Id that Would
b. f< in i n ll.ii . 1i:.., that w.is to If- ob
tain, dby 'Hi-ty yatin ring i' up. ai d then
-, cui, I - v. b: . a.v -.
lb- <i'tt.ui* t.iiun o. g-dd I'h it : raid
~i -., d . .am It ■■ admitted by
. I ’.v i hs.v, , xart.im d into th* <p- stlon
lhat ’.-••■ g'd.. dis -’V of ’’.-llifoti 1.l eu"-
J ti - . r, a. ai d . . tine l-cni :• no
o i, u; ■*, ” • | - <>pl< if tin I' - lit. .1 Stat i .
• upon "io p ->,de of th. whol" world,
than ate iHcovery of modern tm s. It
axe - -.lti •' nt amount el mom y tn
i. w.r -a, , .rp.--' -■ t’a-l'- ;i. i coin-
in' r< i,
Sir Archibald Allison.
' I i.-t.-n to Sir Ar iiuald AiiS'-n in his
hi t"ry -if ICurope. 11. say:.:
"'The two <l. a" -1 evenU thnt h:iv( oc
urri-d in th' I -lory oi mai kit-i have
* . n directly hr.,light alxiut l-y a ■ atitra*-
! tiru an I *ll tin oi'i.-r hand an expansion
of tn.- . r. .ating ip.-diutn oi tmeit-ty. Tin
fall of th.- Ito a.oi empire, so long ascrib’ d
m ig.-mi ai:-• t<. . las -ry, ‘ gotism u’-d mural
con i.pt i. >.. w.c- m !• a.ity brought almut
l.y a d< <-liii. in th>- silver an- gold mi ms
ot S|-.i u and ill -i • . Ard. .’is il --i.ivi
d< I* had intended to reveal in the i-lear
.-t ma.a* t- i m inlliicm-- id this nimnty
,a. id on i.-mian *: airs, t ie r< surr* tion
*1 manku'l It..m tin :".n a wldcli those
>au s had produced was ow ing In ,i. ’li
re. il;- I- -.t •’ .-icj m-ies licit s put
ii. op. i ,ii.i*. folunibus b-l th* way in
tl • car* r of r. novation when he spread
i : tin \' lantic. He bor
bark. Tile
.-:;m ;y -a tin- prt i-imis m.-tt.,.’ for
ll n • oi '!• glob, vis tripl.d; I. “in a
century had ■ . pie. d th* prices --. '■ \- - y
. I. s of produce Wen- ipi.idrupl. d. The
v.. lit of th.- debt nml taxes iusinslbly
w ..: under ih<- influence of that
“’ln th* •.novation of the industry tin
r»l.-.ii.-- of r . -it ty w.-re chariyid. ‘.the
v- it * t> w. ill in < ast oft. the rh r,, s of
man i.. 1 -i.id .ini ia tl* muiiy < 'ffun -
i > nil • i to Inin » it
ti. rm. In;. > sunimat ion. the mi Jtm
, >'t - tl-u-li i di.- rio lb. bast uliF . -
• . w as th- ■ -i.v -ry of M<-xi o ai d ,"i rm
i o. i - '■!
. m t ■ •t y . o- .lin il ",
1
Al a "A . -ii .
the t. . . -I ry V p
III*-t h. • I ■ll-t it W'-i' -i m.'.ige
1
•id no’ . 1 y w ."’id indi try h. '', r |.
iyw -i .■.. • u. .i:i in. ] “' 1 ’ T
w- *id hay. I-. n mlv. atty ‘ -'d vs
aide fail'll ,V. -m y w oil!! I • > d’ '< l
be. ri in- v liu . *'• . dl </d i ~/■
■ ■n* . i- ■.I in rm- y I- s ■ .if ’j., , ■
■" ' " 1 ag 'iV * s
mg pi wa-n-l.t and i»pp-.-s.--|..ii.., r(t< ~
w .i-h crushed limn, in ir n’ . ‘ ,l '<
all ll - i.. -m d ,l lirili-i.,’. * ;I A' *• a
tint’-, w il.l ' iv- '• n th.it i ‘'T :1«
family • f matdund.’ .’go.
The Amount in the Vh enilH - '
J "Think of it for a mom ( «
, about three and a half bit bkie'iy '-i
I each of these metals in »ss yi;u (
»cre ti u !
money with which till dues are to lie
paid mid all business transacted. If by a
single act you strike down one half of tlmt
money necessarily the other half must bear
the whole burden. But our friends tell
- us—our single standard friends tiiat they
are the friends of silver. There is no ad
vantage, gentlemen of the as.- ' inbly, there
can be no advantage in having silver as a
money unless it is a legal tender money-
and stands tqion its own feet. (Ap-
plause.
| “if it is to be supported in some way by
gold, then. my friends, the mon-
you pay for the silver is wasted.
You had belter take paper, which costs
nothing, and print dollar.-. (Great Ap
’ jilause.)
"Tile refunding act and tin- resumption
net are provided lor tin- payment of the
obligation.’ of the I’niteq Mates tn coin
| coin of the standard vain* At H.e time of
the passag-■ ol th* a*t t!_'_. grains of silv. r
was a staadard silver di.Par. H was a legal
tend.-r w li*n th. a*’ was pass’-d, and yet
soon lift r the pa: sage of the act
you find Mr. Sln-rman and go where you
will you v. ill i ml no man intitled to so I
much credit nr so much discredit for tb* :
pH i-nt * i: lition us Air. Ste rinan - you ,
find Mr. Sherman in I .wi* *m a letter I
to the attorney general a republican a> .
tuiney , neral asking him whether it* |
i oiit-l is..no ti. Ihiiiu.i payable in the coins
,
payable In the present standard they were
gol-l bom! ll they w<-r. p.iy.iblc in coin
of the -tamiard of the date of the aft. ,
then they v.'- re coin bonds.
'The attorney general answers: 'Th* '
bond.- ar" r.-il. . m d-l. in th-- coin of tin
standard o' l-7-i. •' - i’s>te *.' the act.’
Payable in Silver.
"Coming dew-i i . IX7X, w-- lind Stanley I
Maihi-ws a h publican senator from
f'liin. afterwards a distinguished judge of
tin- supremo court of the I nited State*
you find him intro-iucing a resolution that
reads as follow.--; ‘That alt bonds of the ,
( nited States issued or to be Issued tin- cr 1
the ‘aid :o t of congress hereinbetore cited .
nr<- payable, principal an I inter, st. at the I
option ot tl* gov.innirni of the Tnit -I j
St.-ttes. in silver dollars of the coinage of ■
the, Cnit’-d States containing 112'j grains I
\
f.. ■■ , 'IB
(cF *■■■' \
-y I -s.
I. •. . / " ■
/ • ■
I f
.<_ t W -A
X 70 W/7.
’i\ 1 //"
UON CHXRLES F. CRISP, OF GEORGIA,
Ex-Speaker of the National House of Representatives.
li of standard silver and to restore to
its coinage su< b silver coins a legal tender
in pivunnt of sa 1 Imt'U.', prill' 'pal and
inf. ■•. t, is 11.a in violation o’ tin- public
iait': nor in derogation of the rights of
tli public .r. ditors.’ (Applause.) A’’d
•I.at pas 1.1 to. house by l-.l tO «»
Aft. r :iiv< t 1..'cl lil-'tl d erne rel "zed it V. a s
>■ oil'd by tile house bv flat vote- that
w< lad the power to proceed again to
coin silver at -t grains and honestly d s
charge the obligaiiolis of the I'nit !
Sherman’s Statement.
•"Again you tind that th loniei- nee be
tween th" t inane ■ cvnitnitte** ai d S< natot
Sin email when he was ■ • er’.tary ot the
trea-ury »!>:•! distinguished gentleman
mad. th. following statements'
• ! .. :■ i .• p.ibb. d- niatid o r btimdal
ue money, and th it demand is, no doubt.
..irg -Jy r. etl uial. No ilnt.l.i there is a dif
tor-t ■ ot .pinion betW'.'tl tile west and
t’.i ■ uutli ami the x.i.st or. this subject, but
; tn. ij. sire for iemoretiz inon for silver
v..is almost univic ai In i gov« rnniec.t
hi-.i ours it is always rood to obey tile
i popul inrr. nt, and that has Isen don.. ’
think, by t o- p:. ; . •>■■. ot the silver bill
It. sumption car maintain.■<! mot easib
I upon a double standard than upon a singb
• standard. The bull , character of silv r
I would prevent p:iyn>. n: in it. whil. gold
i ' elm, more portaid. , would be more fr> ■ ly
1 demanded, and I think resumption can I. .
■ maintaim’d with a I. ss amount of silver
. than of gold abm--.
""'Senator Bayard. You are speaking ot
I resumption upon the basis ot silver, or of
silver and gold
1 • S.-cr. tary Sherman Yes, sir I think
i it can be maintained beior upon ;i bi
-1 metallic or alternative standard than upon
a : ing|. one ami with less accumulation of
; gold In this way r. m .mtir.ation of silver
! wold 1 rn Ih-> ti id r.-sumpt ion
i “‘Senator Bayard v.,u sneak of restimp-
1 tioil upon a bimetallie basis being easier.
I>o you make tiiat proposition irrespective
of tl'e readjustment of the relative values
, of the two metals as w ■ have declare!
I them'.’
"'Secretary Sherman- I think so. Our
mere right to pay in silver would det< r a
gr-at many isople from presenting notes
. fur redemption who would readily do «o
it th»>v could 1 the lighter "■! more
portable coin in <\i hang. Besides, peld
coin can b extorted, while silver com
CO old lot be exported, be.-a use its market
V'll'ie is 1. ss than its coin value.
'S. r.itor I':, ard How lory do you sup
i . . thl . hort uppl’ of siiyt r and your
•onttol of it bv your coinage will keep
it 1 pihal.iit t. cold when one is worth
10 cents less tbin the other?
'f'ecre'riry Sherman Just so long ns It
can 1<• us I f..r uivthing that gold is used
for It will 1 worth in this country the
par of m id until il be. onu s so abundant
aid biit'.v that P- ople will become tired of
. irr' ing It about Lot in our country that
", .i positing i’ for coin
e. 1 tlt'cates.'
•'That ts Sherman, after the bill passed.
• i.it !"■ I . fore the timm.-e eommitt. 0. re
sump’.'ori ' tn I . maintained more easily
upon a d uible standard titan upon a s n
,.|e st-.e.'aid. It bad not I . n disco’., red
1* . »t tl-’l \OU • ■ >’* n, ' f
, i ... rn ■■-.ov 1' snd,
v .p Ist a .d r.,>i>v of the arguments
. , . , singb cold -■•■ 1 tr I
, r e tl’< i a’ ’."’i■ "■ ts of the r> pid beans.
4 1 think it ba' b. n ■ to the,d.rii".-rats—
those n.dl.at.d • < ail the z.’.al of new
1 convert;- to tid out ti n it is impossible
6 to have *• drid'h’ standard (Annlause)
- Other Sherman Testimony.
'*■ " Mr. Bayard, of Delaware, a democratic
senator, opposed to silver nt that time,
asked Mr. Sheman: ‘How long .to you
suppose this world’s supply of silver and |
your control of it by coinage will keep it
equivalent to gold, when on* is worth !•'
e<-nts less than the other?' That is what
they were worth then. Here is Mr. Sher
man’s answer: 'Just as long as it can be
used for anything that gold is used for.
It will be worth in this country the par
of gold until it Iw-eom.-s so almr.dant and
bulky that people will becomi tired ot
carrying it nbo'it.’ H ive we reached that i
state?
On Broad Grounds.
“Now, 1 read this to show you that the I
father of tin republican law demonetizing I
silver said before the finance committee <
that it might be retnon-tized without loss ■
and without Injury. Congress declares that
you can justly pay your debts with it, i
and yet you find yourselves in a condition '
that you can't pass a law to r. monetlx* !
it. Wc find many of our d.-nioct a tic i
friends approving the present system. •>t !
course, 1 don't wish to he understood as
«riticising them. I do not want to b<- un
derstood to say that the man who favors
the single g*ld standard is nut a democrat,
any more than I w.ll agree tb it th* gen- ;
th man who favors the fixe coinage u’ i
silv. r is not a d'-mo.-rat. (Applaus > But, ;
what I in. an to say is that th* majority
of the d< mo. rati* tarty has always up
to this gi ■’<! boor been in favor of th* free
coinage of silver. (Great a|>plause.> I <
mid.-island that it has b.-i-n stat--I by a
distil: aii. hrd democrat- I hav* his exact ;
lai,guage—that I * double standard is a
physical and metaf’hy sn-al absurdity.
Thomas ,h-ff< rsnn, in 17!‘2, wrote a letter
to Ab xand- r Hamilton in which he sad:
'I eonctr with you that the unit must ,
stand on both ni.-t.-il ' No matter how
distinguished a democrat may he, who i
tells me of t'e- physical and met i- '
physical absurdity of th- duuhlc standard, '
I take my pla< * ahmgspt. of ,
Thrmas Jefferson and fiver it. t A;. plans, i
Pur republican fri. mis. and our democratic
friends who agree with them on this
question, s.-em to think the sole purpose j
of bimetallism is tn have a con.mrr.-at cir
culation ol the two m.-tais. Bitnetalli.-tn,
1 us 1 said just now, is a condition in which
the metals can b* ir.-’ly and equally -.ent
; to tl:.- m nt, and that you may use ritlv-r
in tn* payment *1 d*bts. - * <oj*i::.-»nt
circulation is not the puiamouut onj*. • >1
bini’.-tallb-m.
Tiiat Fifty-Cent Dollar.
“Tl.’-n, we I v* d.-rnoi-rats who t.'l U-' —
and 1 would like to run over tli.ir obj.-*-
tio is to live <-oinng. , if I could - they tell
i.s that they are opp "*d to coining a
c. nt dollar. Now. wh it do they mean by
tliai ’ A- liver dollar will buy anything
that 1 gold dollar will buy in the mark.-t,
in this country or abroad. Tour -ilv r
dollar will pass: your silver c. rtiliean s
. .in b - Used in I.ni l <nd: I.*, am * th.-y ar
good in this country, and th* llnglishtnen
wan’ something iii.it w* have got to *ll.
\\ tiy. then, . alt this a tit dollar? Vou
n*.H that the bullion in that dollar i only
worth cents. )’n bably- that is true, but •
why is it true? The v.ilu* of ev rything. j
Ity friends, is regulated by supply and
demand. Doubly is that true as to money.
Th. d sire for money equals tti>- desire to*
<v- rything els* on earth. You lan have no
substitute for money. If you fad
to get flour to make bread. you
I i-iay i'U.v corn. But there is
substitute for money. Y*ti must have
it if you live in a community with your
fellow men. Therefor* th* demand f-.r
m >.l. y exceeds the deman 1 i'or anything .
cis*, or equals th* il.-mai: I for evcrythii’g
. Ise 111 the world put tog. th. r. Now,
th. ii, silver is not. coin’ d except to a >---r- i
tain extent, it has not the privilege of
fre 1 coinage.
"! sent nt in town today and got this ,
liith- pi*. * of silver silver bullion:
iwlmh lie . xlnbit.-di, probably it wouid
make j-'. You might take lhat pi’-ee ot
bullion ami go around Atlanta at.d you
could not lind a half dozen i»eopl* who
would give you any tiling for it. You . 0:1'.1
not go m a dry goods store and buy any- ■
I thing; you couldn't i’tiy your doctor bill,
1 o.- your street car fare, or your hotel I.id,
or anything »Ist- with that; but you h-t a
I law Im passed that allows men to take
I th it to tin- mint and have two dollars of
412 V grains made of it. and it will buy |
anything in Atlanta that is tor sal* -any- :
thing that is t'oi sale. (Applause >
“Now. then, when th* law puts silver in
such a position don't you see that it de
stroys n.i»ssarilj its value. ti 1 las.- a .
I silv< r dollar, as sum* of the enthusiastic
' triemis of tins republican law say ,
'. —if I take a silver dollar and drive
t a 1 ill through the mi'iui* of 11 whai 11
call’ll tin- hammer and nail test that :
silv r dollar bei-onu-s bullion and is worth :
j 5-i i-.-n s; but urixe a nail through a gold
... 1 i- :..-i.i .- Is rtill W’-rtb ;•->» cents. \Y
It. < a.us* y<*i can take it to the mint and
. hav* i' made :i doll: r. If the law h-t men
' tak* Jus pieic if bullion to the mine and
‘ h.iVe 1 mti.io into a dollar, it would sta I
the hanim r and nail test just as well
I as gold. (Apt •* '
About Values.
| “Pome of ccr 1 *- . I us—democratic ’
i friends-the law cannot, create value. I ,
I agree to that. But lite law cat create !
; demand, and demand can erear.■ vain*. ,
Do vou qilestie.n that.' Strike down the ,
demand for any commodity an<i you di-
i minish its vain*, and nu-reasc til* demand j
i and you inereas< the value.
f "Suiipuse t'.ial ..here was a .1" providing
1 that no mill should grind winter wheat.
1 for instaJ.ee: what would !'»• the effect
| of that? Why, it would increase the price
I of the spring wheat and it would diminish
the price of the winter wheat. Wouldn't
I ft? t admit the lav. can’t create value.
I but it can create the d< matid and destroy
■ th* demand, and demand regc! t*s va’.m
".Now, our ii. mt'crat' • fri- tubs who op-
■ pnse this measure say that under no con
sideration could they :i;:r*.- I‘> coin silver
' at !*.-.•: than ns eomm’-r.-ial xalti*. I agr. <
: with them. Ther* Is no trouble b< tv.**u
us on that. But how can we get at its
t-omrn ri-inl vain*? If my democratic
friends think tu compare its valm- with
gold now when it is prohlbiied .-oitiag- .
then I say to them tli.-y are no fritmds or
silver anil are enemies us a fair test.
(A.misuse..
“Th* way to test its commerc 'd value
is to restore its status as It was when it
was str’eken down. ’Applause. Th*r. was
no question of the ccinmercial value of
silver -i 1'7.1. It.’Was worth 3 cents more
to the dollar t ian gol l. .Now I say if you
:<r* honestly a sliver man. if you are hon
estly .-- favor of having t tis> of the two
m<- ais at tl.eir i-omm- : ■:ai v.-tu*. the iirst
st*p for you to take is -i > ot. for ’lie r«-
hab i tation of s Ivor. -.i' ; a a bill to rc
e.;in it as it w.--Ip 17 ' * ' i • r-at’o of !<•
to 1 and t! : s- •'■• r 't:• v* '”*.
A Conclusive Proof.
ago, silver bull >.i wa < v.,-r:-i !<• an
ounce. The ,s*r-i: ■ ot tie I'tii' -1 Stat- •
pass. 1 a free ,i-.-.g l.iil- !..- s. na'*. ma d:
vou, not th* horn and -imply upon .i*
passage of th* bill by th.- senate .ml -•
gem-ral itnof. -si-m y-ing :ib’->a<i lh.it i*
eot-g'-- -o; I n.t- d S' . . was go i-7
to ie>tore silver tii* ..tillioti value of !-
ver rose in t. n days L;: nts an oon•■<•
and was worth |1.17 an oune-i in ten days,
on th* hope merely of s r.- l .ration. .
tAtc.laus i. Not ;a tie 1- i'd Stu' •
along, but in London and all over the
world. (Applause).
"A”d wd.y should it mu'’ What is ;o
t>* fi.-ind” Some of our p pic—an-l good
pop..-, t- -ids, g--ntl’-n:*n v :••.-•-■ *;-.i;.‘-ns 1 .
’•e.sjM-ct- say w* tear a il* >•! ■: siv ,
Where from? The lai - st ai imn' i.i c. >:
silver out of tm n.;t* s -n i'.«■ wuri I *
■>wn in W-isliingt*::. That I- i-mgs to us.
We h ive paid for it. N.w w acre .s tn*
other silver to com* from. l.urope us*:
silver, l-'.ttc’-.- and <u- aid po.i.. is of s.l-
v. r equals one of gold tm-r It taiics -,x-
t-en p-.utnis of silver her.- to buy a pound
of gold, 'l -i.-.r siiV’-i mon- y .it par w.th
gold. Ar* troy m-a K t" '-' It '• ■- ■• :
it <i. rhr*al a ! -'• to ‘-uy 'l l ’ They
e.i,n buy g ud at hem* withuui i.-s 'in.'
thing. Now whir.- :s -m'.' .
Si mettm i ■ t .
d.-I. Ind:.: has 1. en >h* gravfy:: * silver. |
s iv< r f'-'s i-.-.'ti g.i.ng . i Ind.a J-‘r e.-n:u- ■
ItiP it m-ver otr.es back. T!*-v
udora tl.eir temples with It; they make th- r t
gods out Os it. Bo you • .
they are go ng to surr*-r ;
g-.ds !.*.-.ms* ..nil on g* s up'.' ,
Gatugh-. rc I.- tii.it 'ii* id- u? I> . ■ i su; • i
1 .:-* .ny . hur ii in Atlanta v.- iii.l hr.ng
•• i’ <:■ ». inn- am >n * ■ ■ a:: i g .•• :t •q-
t-> ti,.- mint U---ai' * ti" pri- of silver bul
l.on w.-iit, up'.' W’-H. you hav. get : . sup- .
that of Ir l a betoi* ycan smpp ". ,
that th*- will bring th- .r sil.- r 1- a.;d .
lied the I'nit-'l Stabs with it j
A.-k some of :h-- ‘- nti. m.n wh. n
X'OU hear 'hem - us- ’h. (U.-s- :
tiun, wn. n- th. :tiv. • is to • omc from. I
ibut I, s.,y. 1 r.-'-iee an the Latin !
l'-‘ mi .1 mot: -iz. ■; -i : -r a’ t: t.m.- w : . -n i
G. rmanv rctir-d !.<-r I -'.Ow”’ -. Every r*a-
i-- - - .
-eV. ’ ‘ ‘ -i' ' ’ d . il. ' t _
•I ’-t < rnerg.-’l fr in a m*.-' d’-vnsta’mg war
and a lire of n billion dollar* in
k | j mi,. ■ 1 .m a 1 r. si..: Paid • at
lei.’ and ti;." enaid. l G. rm
r-’.-.t •" '!.' ■• limb-.- -I-:.' -Mh- .- .-er-- - ■
ti.-iis could do. surreii’i- r • S;< .* ii.'-oi ri :
sliver, and Friinc* .es- d m.:
that Silv.r. That v. - i >t a i-hcan ilv.-
At t’*at tire- silv.r bullion wa- -. .'tii -s
much in •! - ina-fc.-i g*ld bull ;.i 1
perhaps » little more. Ye i n- i imr f
nppr.-hensive, my friends, «>f any flood of •
Some Plain Talk.
“I know (H-upln talk of th* great diseov- ■
cri.-s of gold. Thos,- of you fa- !
miliar with h’.story tmd all along ae- ;
counts of gold diseov. ri. s that w« re to rev- |
olutionize th* world. A frien-l of min. .
told m* today, ‘M. by b-l silver alone at d !
w. w ill dig . nough g'ld out of th- mouti
money you want.' Now it is v- ry strange
•
l ave not done it. AA ny is it lhat it is
always just to eonie in kn-1 nev-r dots '
r : .It.'l sat..-:’, tin- wants: of man'.'
“Now what else is th* trouble? Oh.
well, they say, according to the Gresham
law mat pour money will drive out g*- -i
moti’-v, and lirst you will have e »nira<
tiun :,nd then you w.ll hav* intlation. i \-
a.-tiy how. 1 don t k'.-'W Ti ’ is ~::i-"til*
"til* n • i.us.stot.cy tli*r.-. Ba . mv r* m. .
yo i must link' allowances tor in.-eiisis;
encies ill the arguin*!’’ of p- >pl* wtio arc
trying to eriham-e the vahi* ”. moi** 1
a snevial d iss ai;i). th* Ut’-nsts of th*
mass. s. (Great npplt. i«*.i N-.v. I*l s
al”-Ut. ti:.". I -riv *-H goi-l What Will
dr.vi- out geld ' We ' . some ex;: i*m- -
about th: . ju “ as ■> •• I n W th 'll*
bullicii. U h*n the ’■! n* \ll >n iaw was
pa sid th- *-- fin ii!--::i! ductors wno d
ii’oin-i iz*-i silver, s.i’-i in 'eibi • s; . - !1«
that this would dm* * 1 out <* th<
country ami w - would on : sir. ■ r
basis Notv iTst--tiding th-- i • -pie pas:
■ 1 it . and instead <>f hem., on i
silv*r basis w* gain’d, during the opera
tion of ’ll* Hlaud law two hun
dred nnl'i’.n in gold W. gi.i-i-
■ ■■i under the Sherman law. How do
weg. t gold'’ 1" yen . ver stop to th k
ab-.ut tint? Th r- is n-> iiite-nationai
money. Whenever y u go to * 'tl- your
balance on ft J. by t! * bullion value.
Now what ar* y - ir tsiiane. s? Why sim
ply tii:.* If you buy more than you s’l
y -t owe th- difference; that is ill. Why
there i* : xty tint.-* as much trade and
-oinmcrc- among onr ow.n people as th-re
s Im-lwe. n t:* ar. 1 foreign nations. A:*
we to hamper and embarrass all this do
mestic trad.- in <id«r that we m v hav
gold toi mone; for ’’ is on- sixtieth for
eign tra-!.- .' Ii is i.ot necess-ry tit til. \\ «■
sell two hundr-.1 an- 1 litlv million 0 -1-
■ worth ot cotton ahronrxi, and we
grain. wh*at and corn. Tills all goes to
..in-, pe and is < x.-h .i.ged for gold, md th
balances between this cour.trv ar.d those
countries upon the passage of a tic* at.d
unlimited coiiiag. bill, >ti my judgment,
can b< just as well settled by sil
ver bullion as by gold: la cause
when vou put behind -t tin- . nergics aim
industiv and the intelligence *f 7'i.--f«i.M’J
p >j.le who *:iv by th--;r law that we re
. i-iv. this money In pavim-nt of d-bts ti
the gevernni’-nt. in p:.'merit of th bts i*
each other, and we w il pay our hon- -t
d-bts w-th it: then, toy friends, there will
b«- no differ -nee in the nri*.- of gold million
and the pr* ' *'i*’- > '•> ’Applause.)
VZhere Gold Goes.
“But our trn nds say they have tried
that and they clt* two instar.s-s and say
that when the ratio was 15 to 1 gold went
: broad, are! wli.-n we . hanged it the revers*
took |>lae*. -tnd that. therefore. we
cannot affect the price by legislation.
W. 11, th.- ra’io ever there was . <■ to !.
and they had fr*e coinage. Gold, Ik.
every thing els’-, goes w >• r* it can get th*
most for itsei f . Gold don't come her* to
phase you or mo. (t docs net stay h r.-
*.-. auso it was dug out of th* ground hen .
Gold go..- where t can get the must for
it.elf Ard it e<> n H’t the most for Itsetf
wh. re prop.-rfy is ti-e ch. ip st. and wher
ever you com’ to a s-.'.gb gild standard
the r ason why you in-.-p g 0..! is that ti.
single g‘>l I standard drives down your
. . so th gold i ay . ome h< ■-■ ar.-i b
. . harg’-i f■>;■ mole than it can clsewher*. .
“'l S-IV gold is to-.v valua'ilc. Our friends i
say that is tmpossibh . They m asure a 1
dolllar by a dollar and say ii cannot rise ■
or fall. W« 11. that seems true if you meas
ure it in that wav. If you measure gold t
' iff YCU LUESSEO?
Oiif >A,GCO
Lcmium Contest
—crow—
Cotton Receipts • j
At New Orlea- » Inter
rat- ev’-rvh-.’ly,
Try your hand on the
Calculation.
KEAI> TBE TI.IIMS I i
< ALE; VI.LY.
’
PRICE FIVE CENTS
l. silver and I say to you that gold is
rising and you . a v that s.lvcr Is falling
w.- Um • nil t ic! : t . no : ar*r an
agre.-meut at tn* .-nd T ,n w* v. -re at the
lo ginning. The w:.y tu t<.-1 wh ■' r either
tm ial h s ris< n or fall, n is to compare it
with all otii*r . -nn.* <r .*, not will
one another, f'ompar. it in that way and
you w’lll ti *l that this ,-iiv r bullion, dis
credited and d.-noun**-! as it is, and low
as it is compart*! with g Id, will buy 30
p.-r cent in*’- -of .-very O-i g that is for
.-ale in the Tni'ed Stat, s than it would buy
when colne-i in money in I'7-t. (Applause.)
If tiat is so silver has n- gone down, but
gold has gent- up—his i’:e<-e.>*ed. There
I ■ n< thing startling a’wut that if you rt-c
--0110.-t the uses- of m Y* i hear a
great deal of talking about a dollar bring a
tiX’-d thing that can't so up nor dowlC
i great nd ake. It varies in x due
.t’i'i w!:» *. vi - you put ibe wiiol. burden
and jir. .-.- ur* of tisi-sa. tion upon cr,e metal
youjiave falling pri-
"N'.’v, it i ask. d what is the objection
to tailing prie.-s.- Tl • < bi.-ct!on is that
trad, and e-inr * r • ki’-z-dsh. Some friends
.-.iv this n Im tijn in j.i- <s not attriie
but that It
>- the in—.l-*n ii , -i.v. re t .*■ i--Mcc, art
■■mi lav.-n’i'ei. 'A - li, th. way to test
Ii -•■ •*■"-■ an i ~;i a .,(i improve
ments ndii.-, th. price, th n the business
that pT'"ti.. . * th., articles ought to 1.-- pros-
I' l -t!i*r word ■;. ;f manr. acturer
n '"'••• *••!*.-• i*.-- t- r -albs him
■. hat In
: If a
I irno-r in-. tl ir e il at .■ rp les him
t'> in . ai i , a p, ,- ,t *, or !• ■ ’jit. l
1- ::• IV tl -K . a.i.'n. til-
■ -ap-i in- <>, th. ■* *.:u.'l'* is -■mbouht. i
•' tru*. Bu it. tiu* that th*
" ’ . and tig
:i-. 'chant b.>-.. m id. m< n« • You ca’
' I* '• ' qu-"ti.-n for y. ur-a-Iv. s. You
1- •' ■' of ii on ti: • x-"ctatiot.
>i -i t i g a*.rt bn price for » You hire
:■*"(' -‘.or 1.1. th.-. At • end of
ti - y.ar tl ;.ri*e is h-ys than you expect
ed- l'-u '.it'.ut m::k’ any money that
•ay The ni<-r. hnnt buys goods to sell to
•i:s trade m l sixty days after h* buys
th- gnc. l ,- . imilar goods go down. Th
■ - 'I ..
m. iii:'' ■' T:;rr.-. tb ngs on o.i* hu*is
and - IJ* th.-ni on .inoi-i. r. He can't mak--
any m-.r.i v teat v.a A constan; fallin;-
of ur i.. - s u. *. r-e-i-v” to ’-very busines
mid re 'dr: in t:.* hoar, ng of money,
end >. t! • ndvaii’-of <>ne class, ant!
on* .-ft ity ■: "i teat is the class whe
‘ l-y t.-ir fix*-! incomes. Their income
i.'<-r* .s’ ■ day I * ■ '. « idle the income of
t-i’-r otb-r man d* reases day by day.
(Aupiai’-f >
The Value of the Dollar.
“A very drtinguisl < d de:, icrat
-r
:• actuar
'..Ju* in t-- n **-r world.’ Well,
now, that . lit. r* ly ti*.-. but it Is not-'
true as 1 think - ■ .* • :«J- . o 1.:: it un-
■ ■ . ■' :
■ ■ f silver data
valua-
>l* in m--ah*r • ait ' • ' ■ he right of
;-i! silver I-' '*• S” •■■•'•■■ - ' k< s it mor*
, . Yell ! . ' :. ■>-t-r <-e. The
. its vsUu ;
hut if t v.-rv b *f Iv rtl a‘ is dug out
■ ■
g Words. - ' ":i -'er r
tl: mint mid g*t j".- ■ f- ” it. t.o ma
in Lender. - r anywh re will sell /it
i ' >i y I- « lean M f ■' outside of .i
.. 1
*'- ' .
• itewioHi !s no- true as i<
understoc-d. 1 9 ...
free re w 11 1
• riv. Ot.’ I .1- . ar.: -- ' 1 1 Vrreney
-V r,-.--n out
\
, -1 i Y . - anx
W w <■
r e’-m, '•
wf -m o- clothing. ”r w' atever is to b'
• \V‘* ■ v-.a .-.ii.tr.i ’.:rr*nc.- you
Jri ■ 1 ■ i d.rnin-
, | pj. * .- ‘iti Sv t.tif
,mv liiiit.
feme Figures.
“I ’ s.-me ' 1 ' P r 'T d by
my ir.-n i, Mr. I’.a.k-y. Texas. Let rr
r-ad them:
-In Ids M. mphls sp aJ !r Cirl lea
I. in---, it* a -'Ur.’ f*r ' *-• -nil th- pne '
. •■ :• *--■ d pn
ill -'..ci. T: s w ' • ■ i.J:
•rv i i '.Vuk*. -','’7* -»I rontßi' .i
<. rt’ j” '• * 7’m '
u" ■ . it* •• ■ - >' -r!y ,
was much larger, ; -g nearly
" . .. w 11 ob'-er* 7' it giv*S th* '
.. ' . '
-,!’7t.: , 7-I bal -• If - r.'.-". i Ito glv*
to;. .>f that - ar ii- tinti- r t’.cd it near!
t mli .-1 -a’- . i'-t a< ■ ■
sii v-'g h.m th* ■*•• ' ' ’t’ pr- .* ur.« ~
. r..p of I'7l-72. w* .1 w i. .77. KM b: 7
M .' , ‘ -i. k 1. m a I'l •'■’
>1 t- if* il stag'. di.. : ■ l>« ' : -c’ar'
-
I '-■
;>• ' _ S.-
* .
ii* *"1 be safely i-da .-1, But t : .r.T
this pla n prtne.pl- Mr. Carlisle t :k‘ •
. - itot, erm of IS7I-72 . i cor. iring .
wit ’" • crop of ItiKl-Sl declares ■
(
~n .... ,-rop of !S7ft-7 ■ -at : !,.a* fr ‘
U. : ‘l- •: . i 1C • • -I ‘ '
■ ■ ' t ' • i • bl s*;.
p.-r e*--t. This : * only fair criticism ot
- M. -
.-r*a: ’ in t.'ic pr* .'net ,»n •.. .;’: it intin
r.g in trn remotest way pihere
be. n .iav in-reas. in t-• sump::
.. . Mr. 1 '.tri ' ■ n■*-: -i-t- ' .own ’ ■ ,
in*r. tse it: o-ir pope.lat;!■ • '.reeds r
ner. as.- :n our pru t : -tion of , - on in IS
-. eon'pared w 1:1 '7>’-7' i- i i ly equat •
• as een>par. d v ii 572-73. ! ery ma
w'-‘ > -s fatn.i . w;th the ms’ ' ‘f cott. .
• uiti;:-.- and <■ >;-.on nianufactui ■: ows that
it’* : Teas* :n p.uil . ion d '”t fully'
meusuri th* .li.-n-.-v- n th’ imptior.
if cotton I*-- aus. it it now u->• 1 making
-many <*( the liner .it-ri-for wh.-.' it was
OP •< sl-p-i.’Sc I to b* U.'lfit.
"I hav.- hero a table giving o-r* V T .°^
tion of cotton for • a. ti year sir.*-- -SIS. Ll
that vi-ar the crop was I.?’*',, lia' - and
11 inereasei! each yuan until th» averag.
*
:-- '• ■■ ■ 1■ .' , :.. ■. num Wr - ' r
<■ » l ibs. Th- av.-rrg. < ’ fur ll*. ”n
years from i:.!" to IMS wa- " ‘.“ han ia
cr< as* of-»• p.-r . **l. But notw ilhstand
i'lg this iii.-r.-ase of 5” i*r - *nt in prodi.r
tion. the price rose from an av> rage *'
.-.-nts pt r f ound for th* ti st pericd t
12 <■•-. )- r f ound for th* s, . ad. N r -
s t u- ci- tn; are th. s. r'. - *.' years im:_n--
diately before and immediately after I'7"
we cannot take a p. riod of t*n years, f’*
that w ltd < arry its t ack into the war
but tak g five years < . h way -ve •■' -'
that th. averagi prod*- >ion for the l-ve
years from 1567-tS to I'7l-72 inclusive W3V
I’.i x'..i "i. while tb* av.-r.i-* production for
th* f've wars from 7 ? -7! to 1877-78 w ’
f. :-o.i"> bales, an inervast "f W per cent
T■* average pri.-e for tht five years from
•)m—a x t ,, 1x72-7:: was >c. is ••' r ;>oiind. and
for the tiv- vears from 1'73-7-1 to 1577-7 S wa
1 2!’--,i I tai--. an iner a<e of ; • per c*r-
Th. average price for the live vears iron
I'-T-rx to 1x72-7.3 was IN ' i’ts per pounc.
nd I ■tl v. . ■ ret 1873-74 I
7' it was I! ci-nts pi r ; uind. a deereas*
fut t” r . nt. Ard =” it is. that for the dr
ead, from l.'t' t.; I<-' w.- find an increa .-l
production of 5* p r cent, with an irereii
• d price of 25 per cent, while for the fix-'
years from 1873 to I'7'. with an in. rea «-*.
Ccni.nu. ii oa f'utli Co'umn Third I
