The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1891-01-22

The Alliance President on Results OF Free
Coinage,
The political effect of the senate's ac.
tion on the free coinage of silver now
becomes an interesting problem.
In the campaigns of 1890 the PROPOSE.
tion was widely discussed and was taken
up with especial vigor by alliance speak
:ers, who denounced in scathing terms
those congressman who voted against the
measure or lodged the issue by absenting
themselves when that vote was taken.
Now that free coinage appears to be
probability the following interview with
President Livingston, of the Georgia Al
lance, in the Atlanta Constitution, is to
the point: :, -.-sl
"What good results, if any, are to
come of free silver as passed the senate
on yesterday;
'rhe free coinage of silver, said Colo.
{ mel Livingston, "if limited to the present
average output of silver mines in this
country would add but very little to the
amount of currency in circulation. In
deed, it is doubtful if the increase would
cover the monthly contraction now ne.
.cessarily goingson as to national bank
notes. Therefore from that standpoint
the people could not hope for practical
relief. But If the measure results, as it
no doubt viii, in stimulating silvev.min-.
ing and increasing the output, the amount
of currency will be accordingly inoreas.
ed.
1.-THE decentralization of silver in 1873
by Congress, whether fraudulently done
or honestly done, or as Ingalls, accounts
for it ''that both houses of Congress and
the president had been hypnotized by the
money power" did demonstrate one thing,
that The money power that was then,
s(187S) moving heaven and earth to con-
troll the currency, had control of Congress
and that the general welfare of the coun.
try, which is so largely dependent on the
producing classes, was lost sight of. This
action OF Congress, with much more, on
the same line, created in the minds of the
masses an alienation toWards the govern.
ment and distrust in their capacity or
intention to legislate for the people. This
want of confidence in Congress and the
universal disastrous effect upon the bust.
ness Of the country, that followed the de.
monetigati9n Of silver and the contraction
of the currency, extended in tipe to all
classes aud affected every enterprise.
1.-THE rule has been, therefore, for these
several years past, that everybody has
been on the outlook for panics and hard
times.
"This condition. of affairs has caused
the boarding of large per cent. of the
currency. It has caused the banks to be
careful to be enabled at all times to be
abis to put tbeir hands upon money
enough to cash their deposits, (Which is
largely the cause of the trouble az this
time.) !
"This want of confidence and the ma
tursl consequences, to people who are
doing the business Of the country upon
credit, as we have exclusively done sinGe
1876, is always the forernnner of revolu
ton, either peaceable or otherwise.
Nov, this sction Of the Senate, if cou
cured in by the house and president, will
be a revolution in gnRnpial legislation
such legislation IS the masses that COM
pGse both political parties have demanded
for the last tWo years in such 9 manner
that Congress eeeH4lld E22t mistake the f.
nanciai Yesult,
'The passage of the bill viii indi.a
rectly, independent of the output from
our own mineg, bring large influx OF,
silver into this country"
s'That will stimulate export and i'm
port trade between this and other na-