Asheville daily citizen. [volume] (Asheville, N.C.) 1890-1900, 1893-07-25

verse discretion of secretaries of the
treasury, silver would today be at 3
per cent. premium over gold, as it was in
1873.
Capt. Atkinson declared that this effort
to again cut down silver was the work
of the gold bugs. and that if they sue
ceeded one half of the money of the pco-
pie would be cut down, and the miseries
which would follow would be too dis
tressing to contemplate. And if silver
was again cut down it would never be
restored.
Hon. H. A. Gudgcr said that it ap-
peared to him somewhat strange that
only one phase of the hard times should
be thus discussed and passed upon, and
that too by a very small crowd, although
he would say it was intelligent. He said
only few months ago from every stump
in the land it might have been heard that
the hard times were attribut able to the
tariff. Now everything else was forgot
ten, and it was claimed that to strike
down the only law on the statute books
which recognized one half of the circulat-
Ing medium as money was the only REM
edy for all these ills. He thought that il
a public meeting undertook to pass upon
this question it should be a much larger
one than that present, and he gave no
ticc that he would introduce areSOlution
later calling for an adjournment to the
court house, where all the people could
be present and express themselves.
All for the same End.
sons present desired to accomplish the
same end, secure more money, and he
hoped nothing would be said to arouse
feeling, but that all would be cool and
deliberate. He was not in favor OF coir-
ing any more silver unless there was a
dollars worth of metal in the dollar. He
wanted the government to quit telling
lies by putting Sd cents worth of silver
together and stamping on it zone dol
lar"
Capt. Nj. L. Carter was opposed to
coming another dollar of silver, or buy
ing another ounce at the present ruin
Gus rate. He thought as much silver
had been coined now as the country
could assimilate. He was in favor of
putting gold in the treasury and for
every one hundred millions so collected
issue three hundred millions of treasury
notes. He thought national banks
| ought to be allowed to issue up to the
full value of their capital, and also on
their surplus. He thought repeal OF
the purchasing clause only of the Sher-
man law was enough. The remainder
of tho law might stand, and he thought
that would induce the keeping of the sill
yer already out, standing at par with
gold. The great cause of hard times,
Capt. Carter thought, was due to the
withdrawal by Europeans of the money
they had loaned in this country for fear
that they might be paid In debased
money.
New Resolutions Adopted.
After the speaking was all over, a new
set of resolutions was offered by Geo. S
Powell and passed. with but two OF
three dissenting votes. as follows:
Resolved, That the present lack .
conhdcnce in financial and mercantile
circles is due in part to the initiation o
credits and to our present monetary
system.
Resolved, That the experiment o
compelling the government to purchas'
4 500, 900 ounces of silver monthly ha
had fair trial, and has proven to b
detriment to all commercial interests
and has created distrust at home ant
abroad.
Resolved, That the Commercial Clul
earnestly requests Congress to repeal, a
yer purchasing sections of the Sherman
law.
Resolved, That in any further coinag
!, of silver the ratio between gold and oil
, yer should be readiusted so as to cor
, form to the actual market value of til
two metals, so that dollar OF eithe
shall be worth intrinsically dollar c
, the other"
Hon. III. A. Gudgcr's motion to ac
journ to a mass meeting in the cour
house. and that a committee be ar
, pointed to prepare resolutions for di:
cussion at said meeting, was vote
n down.
The chair was instructed to appoiu
two delegates to attend a meeting {
commercial bodies to be held in Wasl
!. ington. d. c., soon after the assemblin
of Congress.
J.. The Notice Given.
j Hon. II. A. Gudger in his remark
: favoring an adjournment of the meetfn
to Saturday in the court house. state
that sufficient notice had not been give
!. THE CITIZEN is requested to say that
r call for the meeting at 6 o'clock yeste
= day was circulated, and 81 signatures
business men and firms were secure
t. each one agreeing to attend the meetir
# ii possible. Besides the notice of chani
). given in THE CITIZEN Jos. E. Dickcrsc
n called on each of the signers PERSONAL
nj CRIMINAL. COURT.