The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-23


repeal or whether. before. substitute
must DE agreed upon he Voorhees,
would az once eradicate this confessed
evil from the body OF our law, with uo
other condition. 10 was his right. his free
agency.to support an independent measure
after its repeal. The primary duty OF the
hour Of "a sound financial system. might
/ embracethe coinage ofsilycro on an equality
7 with gold Tn making this statement
he only repeated the declaration OF the
/ Chicago platform on which the American
people restored to The Presidency one Of
( the strongest, ablest, purest and most
patriotic characters ever known to
4 American history
IN FOUR BRIEF SENTENCES.
/ Mr. voorhees, at this point quoted the
financial plank Of the Chicago platform
and saying that the record did not stop
at this point, quoted from President
Cleyeland's letter of acceptance, which he
said was in nOwise modified Orcontra-
dicted by the singularly able message de
livered a few days ago. He said that it
contained in four brief sentences every
sound, wholesome, enduring principle of ii
nance ever known in the history of the most
prosperous nation of the earth. Who
dared, in the face Of the clear and eN-
plicit words which he read. 10 charge that
their author was mOuometallist in dis
gUise, believer in the use of gold, and
gold alone, but wearing for the sake of an
election TO the presidency a bimettalIc
mask. His fearless frankness
in the expression of his views
on all public questions. without
regard 10 their effect upon himself. had
long been conceded by friend and foe to
be the leading characteristic of his mind.
He had never recalled, retracted or eX-
planned a single word of his letter of &C
ceptance, and it was just as binding as
when first given.
CLEVELAND AND CARLISLE.
He voorhees, was willing to stand or
fall by his faith in the truth and honor of
Grover Cleveland and in his well-known
fidelity to pledges when once they are
made. John G.. Carlisle was the peer in
intellect and spotiess integrity of any of
the illustriOUs statesmen who had held
the folio of finance, including Hamilton,
and he made no mistake in placing
him as a bimetallist. Said Mr.. NOOr-
hees: LAS a democrat, as an American
citizen, as a man loving and believing
in justice, fair play and common sense, l
appeal to those around me, and to the
great body of the people. 10 know whom
we can trust, whom we can believe, at
such time as this, if we turn our backs
on such men as Grover Cleveland and
John G.. Carlisle. God help the Democratic
dOus mistake as this is to take place.
Continuing, Mr.. Voorhees, said that
such questions as ratio we're matters of
detail, but the American people had de-
clared that silver should not be demOne-
TIED and contraction take place on the
basis of nf8nOmetalhsm. Congress would
establish a fair ratio, and neither of the
metals would be dismissed. No efforts
would be spared TO effect an international
agreement, but under no circumstances
would the labOring, debt-paying nine
tenths of the American people consent to
double the debts of debtors by destroying
half of the constitutional money. He
would say to those urging a single gold
standard that the people would tear down
and annihilate such an oppressive and de-
structive system of finance should it ever
be established
MIR. Voorhees, said that there were other
features of the situation demanding con
sideration which did not result from the
Sherman act The bitter and determined
assault which had been witnessed on the
present administration to compel an enOr-
nous issue of government bonds had not
gone UNDECIDED by the American people,
nor had the authors Of the assault and
those interested in its success escaped
widespread and intelligent observation.
By breaking the gold reserve it was sup
posed the Secretary of the Treasury
would be under the immediate necessity
to issue and sell bonds to keep the re-
serve intact The campaign of capital
lists sdeking new supply of interest
bearing government bonds did not confine
itself to any one point of assault, While
they operated to br lk down the gold re-
serve, and to that extent impair the pub
lie credit, they startled the country with
the cry that American gold was running
away from the silver-blasted country,
chased out by silver money, and that
there was no way to lure it back
except to bait plentifully with government
bonds. The Sherman act was made TO do
double duty, and was charged with grave
offenses in which it had no part The
gold shipments were to be accounted for
as part of the plan TO sack the treasury,
which was to be accompanied by a con-
certed outcry from the terror-stricken
business circles and from the whole ma
tiOnal banking system that nothing could
restore confidence and credit save
the issuance of O0O00,O 600 of bonds
He had no desire to assail the national
banks. 1t was the system he arrayed, and
not the individuals who conducted it,
The unrestricted, unrestrained and I'M
bridled power of these banks, where the
circulation of money in the hands of the
people can be and often has been sudden
| ly tiuCtuated from prosperous maximum
W d SbuultN anu QlStEuSblul minimum.
constituted a standing and a frightful
menace against the safety, the welfare
and the happiness of the great and most
| useful body of American people.
TwENTY-FOUR DOLLARS PER CAPITA.
The books showed that something
more than 81, 5000 000-nearly $24 per
| capita-were in circulation within the
| past, and should be in circulation to-day.
| The government was not in contact with
! thelcitizens on this subject The nationa
! banks We're between the government and
| the people, and in their vaults to-day lay
! hidden millions and hundreds of millions
| not less than two-thirds of the whole
! amount dedicated to circulation on the
! books of the treasury, and held
there by the cowardly, unpatriotic fear
which had always haunted great
! earthly possessions. Could any one be
blind to the fact that the banks had not
! only, and without cause except their own
interest, turned their keys on all bust
ness prosperity, but that they had also
| attempted to seize the government itself
by the throat and play bully and mastih
| towards those highest in authority2 A
| condition of the extremes of vast, con-
solidated wealth on the one hand, and alb
solute poverty on the other-both very
daugerous-was very rapidly eliminating
in this country.
Everyproposition to put more money in
! circulation and within the reach of the