People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1892-09-30

down argument tor the Democrats,
but you may as well be qDiet. | am
going to make it. You are not in
Augusta to-day, my intelligent Dem
ocratic friends. Laughter and
waving of handkerchiefs by the
ladies.
say this, that where there is ff-
ty dollars in circulation in one com,
munity, and twenty-five in another,
that it is easier to get a part of the
fifty than of the twenty-five. Don't
the most stupid moss-back Democrats
here know that?
Voices. If they were blind they
could see it. Cheers
Mr.. Watson. Let me tell you,
my friends, that the best thinkers of
the past as well as the present, men
like Adam Smith and Thomas Jeffer-
son, saw that the money of the coun-
try ought to bear fair proportion
to the business of the country. The
business Of the country to
day requires more than two dollars
where one now circulates. Do you
not see, then, that it requires two
bales of cotton to buy your necessa-
ries where before it required only
one.
Another effort was made at this
point to drown the speakers voice,
but good natured determination,
coupled with overwhelming num-
bers, overcame the imported row.
dyism.
Mr.. Watson. Cannot the most
obtuse Democrat see that when
money is the representative of value,
that when money is the medium of
exchange, that when money is the
mere tool of trade, you have to swap
your products, and that the less
money there is in circulation the
more of your products you have to
give for it.
One Of the ring reporters SO toto
voice. That is unanswerable.
Mr.. Watson. Do you not see
that you have not money enough to
do your business; that many a man
is struggling along under a debt
contracted when one bale of cotton
would pay as much on it as two will
now; that takes two days labor when
one would have done; takes two
bushels Of corn, or wheat, or any
other commodity where one was suf-
ficients, We say that it is to the in
terest Of every professional man, of
every mechanic, Of every laborer Or
cropper in the country to have q
sufficient volume of money to do the
business of the country. Why, that
ought to come with force enough to
penetrate even the skull Of Demo
GRAFT Applause.
What do they propose? They
propose to give you State banks,
Will we insist on giving you national
money, issued by the government.
TTpning to the reporters of the
ring power | want you reporters
to catch that as I said it, and for
that purpose I will repeat it, | just
said that they propose to give you
State banks, and while we insist on
giving national treasury money.
Mr.. Black. Addressing both
Mr.. Watson and the audience, with
out rising from his seat. Why,
you have reporter here, and what
is the necessity for this?
Mr.. Watson. Mr.. Black calls my
attention to the fact that that | have
a reporter here. I have and | am
glad he mentioned it, for [ will state
here, and challenge contradiction,
that Mr.. Driscol, in my much des-
pissed little paper, has given the only
full and fair reports of these discus
sions.
Mr.. Watson. They say that I
have made twenty thousand dollars
off nay paper; | have lost over three
thousand. They say that 1 have
made five thousand dollars off my
book I have lost money every day.
I work for nothing and feed myself
besides. (Laughter.) [ will say
another thing that some Of you may
not know, the reports of these de-
bates, published in full, are as un-
known to me until they come out as
to Major Black. Turning to Major
Black. I do not see the notes or
revise a line any more than you do.
Facing the audience. Now, is not
that fair?
Cries of Yes, Tom, yes; that's
just like you. Great applause.
Major Black to Major McGregor
and others. I will concede, gentle
men, that you have the most compe-
tent reporter.
Mr.. Watson. Look here, business
men! I want you to compare onr
plan with theirs. You owe it to
yourselves and to your neighbors to
compare these two methods. Fin
ance is the life blood of the nation.
Thomas Jefferson denounoes State
banks as alienated to shavers and
swindlers under the cover Of private
banks. You to Mr.. Black talk to
us about flooding the country with
paper money with one breath while
you propose doing the same thing
with another. Under on plan the