The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-22
FOR FREE COMA GE.
THE NEW YORK RECORDER DESERTS
THE CAMPS OF THE GOLDBUGS
Bind Takes the Side of the People-A Politi-
cal Sensation In New York Which
Has a Very General Significance.

New York, August 15.-(Special Core
spondence. 1.-The political sensation OF the
day in New York is the announcement OF
The New York Recorder that hereafter II
will oppose the campaign of the gold mono
metallists, and protest against the EFFORT 10
totally eliminate silver from the currency
of the country.
1t goes further than that. 1t declares
that ''the single gold standard has never
been sanctioned or desired by the people
of this country" 1t announces that IL Will
advocate the free coinage of silver and TO
the establishment of parity in the rela-
tive measuring values of the metals.
'"What." it says, has often occurred IN
the course of history. But that change,
whatever it may be, can be corrected by
a change in the ratio OF coinage from tiie
present IS to 1, to, say 10 or even ~
to 1 1t does not justify the total abolition
of silver as a standard money metal
The editorial is a striking one ana occu-
pies two full columns on the editorial page
of The Recorder. 1t is ringing declaration
against the effort to AnghclZe the currency
of the country. at is time says The
Recorder. ''to call a halt and to demand
that silver be put back in the place 1t held
for eighty years from the formation OF
the government down to 1873. and to be
made one of the main pillars OF American
currency and coinage.
The Recorder. with the solid phalanx OF
the daily New York newspapers. has here
tofore advocated the idea outlined in the
presidents message and has opposed the
recognition of silver as standard money
metal.
In its editorial utterances on the subject
it further says:
Talks Right Out.
1t is OF the very first Importance that the
present state of affairs should not be long
branch, currency and coin are alike in hid
ing, exchange is difficult to effect for want
of money to do it with, perfectly sound
banks are embarrassed themselves and can
not give ordinary accommodations TO their
depostors, trade is clogSed and hampered ut
every turn, mills and workshops are closing
in large numbers. and even the most sol
vent and tourishing firms find it hard TO
draw their deposited moneys in such
form as t6 meet their weekly pay rolls i'll
the usual way.
This is the situation, and it is not i'm
psovng, but growing with every days
Bad as it is it would become infinitely
worse if congress were to yield to the single
gold standard movement and surrender the
cause of silver. Such a surrender would
mean disaster to all classes except the vuI-
lures that always flesh their beaks deepest
and gorge themselves fullest on n field that
is strewn with the victims Of Il vast COM
mercial and industrial calamity. The mer-
ness man ana the small tradcsman; me
great mass alike of employers and employed,
the professional man, the Dfa1n worker ana
the Drawn worker and, more than all, the
laborcr and the wage Garner in every occu-
patton, win all be drawn together in the
vortex of contraction If silver is outlaWed.
TO make gold the sole standard and the
only currency is to diminish the volume Of
our money by one-half. That Is contraction,
and contraction means the complete paraly
sis of all enterprises, the utter collapse of
credit the complete prOstration of trade
from New York to California, anF the con
Sgnment of myriads Of working people In
every city and state in the union to idle
ness and starvation
The Recorder pleads with all It's power
that this whirlpool OF construction may not
be opened President Cleveland and con-
gress must get togethee and prevent 1T;
The people must raise their voices now and
demand their own salvation. If silver be
not restored quickly to free coinage. the
. NOS, optimistic man cannot look forward
,ps IS without fear Millions OF unem,
'-"+nsS men. with pieir wives and
s-y, Tor bread t''at cannot bc
it! But they will have to be, reasoned
with if silver it outlawed from the nints.
And it will be idle to tell them that 1t
was thought best to starve them in order to
place the country on the same gold standard
footing as England.
Repeal the act of 1890, readmit silver to
free coinage at a new and reasonable ratio.
and do 1t quickly. That, and nothing less
than that will put the business OF the
country firmly its feet again, give new
heart to capital. new hope TO labor, and re-
store good times throughout the land.