Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-06-08
COL. COAYAR's SPEECH.
Imitation vs.. Contraction The Theory
OF Tennessee FinRn,..e ..es Discussed
from an Anti-P P>ondholder's
stanc point.

Last night bout three hundred citi-
zsls were IL attendance at the Greenlaw
OPerSnnu' =, iu order 20 hesr an address
from q - A 5 COlysr, OF Nashville,
on the. "a ] c. 81 State financss and the
lsso.s b iwreu the taxpayers and the
Indho d-rs. Ore lsdy graced with her
presence the dress circle aud the meet
lug. Colonel C8lyar is a gentlemen of
sm ddie Ege. tall, TaW-OOned, and DOS
ses-iDg the appearance OF an ESst Ten
ns,ssaD, or VHg aiED, from the noun
tsins His accent il uunistAkably
southern, or st least it would
be go regarded by south
ecn audience. He was dressed
with care and nestness, in a suit o.
black, with white vest, and presented
rather AZ attractive appearance on the
rostrum. he did not occupy the stage
during the delivery of his speech, but
stood in the orchestra stall, on level
with his sudience, and this was sensi-
be movement On his part, as the
wTetohed acoustic arrangements of the
house b IS been fatal 10 more than one
spsaser who addressed his felloR-citi-
gems ia day g past from the stage, as it
hss been also fatal t. many a deserving
professional actor. Colonel Colyar was
Ia good voice, which Is Of pleasing come
pags, and II WSs well used and con-
tr0lled. He is a platform ta'ksr, not
orator, OF 40 li-tle ability, an aggressive
and rather brilliant speaker, vino must
oil rl:se es-i5y y1.ke well with the masses OF
people, bsCagse be has in him certSI "A
amount of electric attraction, sun as
hzs George Francis Train ed other
popular platform orators. r,'he snaeoh
was p good one, someWt t.st rambling ia
construction and Character, but sus-
fieienJiy pointed md earnest to bring
forth Oft repf-Ared applause. Colonel
C1lysr favored imitation, or rather op-
posed c-bntrsction as now carried on by
the aatiOnal Republican party in power.
he advocated the Bill Allen theory of
more currency, requiring plenty Of cur.
repcy as g cure fCr ''ali the Ills that flesh
is heir ton Hs charged Wall street,
New Yuk, vi the re- possibility Of
the contraction measures now SO strenu-
ously advocated by al the candidates
for the Presidency in the Republican
party, aud gravely asserted that
Wall street controlled the finan-
cisl policy Of the present
govern nment as heEded by q. 8. Grant.
He iniisnAted that Well street con.
tr0ll4d several Of the candidates for the
Prssi tentisI nomination at the 81. Louis
Democratic convention, Mr.. Tildep, for
instance, whom he opposed becsuse he
was hard-money man, or 4 Wall-street
cootrsctionisr. He wss n favor Of hon.
est mep, and favored Mr. Brissow be-
Cause he was hODgsr, hus Bristow was
also conuaet.onist, and he (ColyaI)
could no, su port him He was charged
win oeirtz 3 Democrat who wss always
2ryin % bresk up the party, but this he
dersed He went with his party in
s'cavy issues, but on others, such as the
h1ancial gu s.ion, he di0 his own think.
5ng. so far a. Tennessee finances were
concerue ed, he favored lOa taxes, because
epeopls were unable to psy high taxef.
Hs denied being q repuiiationisf,
because ne was 10 favor OF paying the
interest and principal Of the bonds, but
the State was Foverty-stricken, the
properly Of her people had been taken
by the result Of the war, and the people
were ia 10 condition to pay no. He ad-
vocated s compromise vita the bond
holders. inst IS Alatama secured with
her bondholGers by arranging debt of
thirty millions for ten millions. The
next legislature should appoint board
Of com missiuners to meet tue bondhOld-
ers and arrange Ilr au equitable settle
msnt OF tne bonded debt. He charged
thst the b0ndholders were forcing the
p,o3ie iuto reputation by claiming the
sspouad OF 4 .sn." Colonel COlyar re-
fsrred 10 the contraction nessu es adopt
cd BY the goverum snt o. Grsst Britain
ia 1878. with view 20 resume specie
payment ia 1873, which measures
brought about disaster and ruin
10 the masses Of the people,
and which measure was Tepujiated In
g few years By The very men who had
advocs,ed them. He also referred to
the condition OF Germany after the
Franco Prussisn war, Germany having
adopted q contT2ctive policy, which
bIOUglt ruin TO her people. France
adopted the initiation or anti cOntTsctive
policy, Rld as now the most prosper
Gus c ,n1m srcial and AGRICULTURAL country
on the glCbs He warned the bond
holders that # Iney pursued their pres
eut policy, the people would Use up be-
meath such ,p JressiVe measures and
would TepudiaIe the entire debt. Cal-
oul CClyar closed his address in sn
eatnest.a1d brilliant manner, impress
iug upon his hearers the absolute Deces-
sity FOR imitation or snti-cOntr8ction, and
3 compromise with the bondholdiDg
creditors o. th5 5 ate.