The morning call., 1894-09-08
1T SCARES HOKE.
Afraid of the Populist
Party.
HE BREADS SILVER TOO.
In Fact the Secretary Is Very
Timid Man.
BIMETALLISM AFTER GROVER.
Clearly the Administrations Has Gone
Into Politics in Its Own
Defense.
BIMETALLISM AFTER GROVER

ATLANTA, Ga, Sept IA mass.meet-
Ing OF Democrats was held in this CITY this
evening. The principal features were the
speeches of Speaker Crisp reviewing the
work OF Congress and of Secretary Hoke
Smith against the free coinage of silver.
Speaker Crisp declared his persons nal pref
erence Tor the free coinage of silver. Much
enthusiasm was displayed
Speaker Crisp spoke as follows: "When
the FIfty-third Congress met in August of
last year it was confronted with difficulties
which seemed almost nsurmountable.
Trade was paralyZed, manufacturing had
| almost ceased, labor was idle, our banking
institutions were failing, and confidence,
the life and soul of commerce, was utterly
destroyed. In so far as this deplora-
able condition was attributed 10 legis-
lation. the Republican party was responsi-
bic. For more than thirty years that D rty
had made our financial and economic laws.
Until the meeting of the Fifty-third Con-
gress the Democratic party was without
power. The condition which confront ted
us, while not wholly, was very largely due
to evil legislation. In 1878 the free Coinage
of silver had been discontinued and gold
became the STANDARD of value In 1878
partial coinage was resumed. In 1890 this
law was T pealed and SOON thereafter the
coinage of silver practically ceased. These
acts of the Republican patty resulted in so
lsssening the volume of money of final re-
dempton as t) cause the price of all COM
modites to increase the burdens of all
debtors and impair the confidence of the
people in the power of the Government
and of banking institutions to redeem their
outstanding obligations.
"a law and a practice which allows a
citizen to paw his obligations to the Gov
ernment in silver and at the same time
permits him To demand of the Government
gold in redemption of its obligation is
manifestly unreasonable ana unjust, and
in the nature of the case must impair con-
f1dence and tend to produce panic.
For thirty years the Republicans had
been building up tariff walls around the
country, and in 1890 passed what they
termed perfect protective tariff law. A
protective tariff restricts trade and COM
meree. 1t limits the market in which we
must buy and depresses the market in
which we must sell. 1t is a tax upon
foreign product which the consumer here
must pay BY taxing his foreign competi-
tors you enable the domestic manufacturer
to increase the price of his wares to the
sumer here must pay. When you buy
foreign goods and pay the duty it goes
into the treasury aud is called a fax
When you buy the domestic product and
pay the increased price it goes into the
pocket of the American manufacturer and
is called protection
"a protective tariff fosters and builds
up trusts and monopolies. 1t creates no
wealth, and only prevents its natural and
| just distribution. Thirty years Of such
system did much to produce the conditions
existing when the Fifty-third Congress
met. What has that Congress done for
the people? The first matter considered
was the financial question. We had
pledged ourselves against the makeshift
Sherman law and in favor of both g, Id
and silver as the standard money Of the
country. By an agreement arrived at be-
tween the Democrats we determined 10
take the sense of the House on the free
| and unlimited coinage OF silver at several
| ratios. After full debate a square vote
was had on each and on the repeal of the
purchasing clause of the Sherman clause.
The result you know. While not profess
Ing to understand the question fully in Ii