The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-02

bug if YOU will. but deem
him a gold bug who viii put a premium
on the rich mans gold and depreciate th,
money of the poor.
CONDITIONS FAVE CHANGED.
Mr.. Turner showed how the conditions
have changed, and the cost Of mining sill
yer had decreased. Existing conditions
he said. must be considered. and not con.
ditions as they were 100 years ago he
I said ten countries Of Europe, which are
generous in the use Of silver. fearing inn
portatiOns from Germany. cut down the
free and unlimited coinage of silver In
so far as the free coinage could give a
market 10 silver, it was cut down. In
1893, the year Of our panic, he said S2OS,-
OO0,0JU of silver was produced a the coin
age value
Let men ask themselves whether any
nation unaided can restore silver 10 the
, value it had prior TO 1873. If the third
party can do that it deserves to succeed
in this contest. Can one people undo the
mischiefs which have been done by the
/ hostile iegislauons Of twenty great pro
| gressive nations, even though it be our
! own great country, ! fear they cannot
| The man who can make 80 ce Is into a
! dollar and raise the standard value is en-
! titled TO all the laurels Of craftsmanship;
! he's entitled TO take old Gladstone by the
| collar aud call him a fool II the
u
/ value we might as well 20 back 10 the old
| sub-treasury scheme at once.
PLAIN PROPOSITION.
! IF absolute free coinage would raise
silver TO parity with gold, then a large
| use OF silver would tend in the same di-
| rection. Under the BIaud-AIlisOn act
| the Secretary of the Treasury was to coin
not less than - 100000 worth Of silver
| monthly nor more than 81 OOO. 900 worth
! Prior to that time we had coined only
| about 100000 of silver dollars After
! this act passed in the first year
we coined 81 900, 600 in silver, and in the
| next year S34 900, coo, and in one year un-
| der that act SIS, 900 COO. in the twenty
| years after the passage of that act we
! coined 400, 900, OOO silver dOllers as against
! S,OCO,O0O in all the years before. If we
| had coined the same number each year as
| formerly, those coined under the Bland
Allison act would have taken this govern
ment 1000 years. Silver soon went
! down and continued to drop IN
| til, in 1898, the value of the
| silver in dollar was but
| little over 80 cents If this liberal use of
| silver was unable to arrest its downward
| tendency, what would be the effect of an
| act of this country unaided, providing for
the free and unlimited coinage Of silver?
WHY IT CAN'T BE DONE.
why, it is asked, is the present silver
in circulation kept equal in purchasing
power with gold,' It is because this
government is pledged to maintain the
equality. Why, it is asked, could il
not take care of all that is
offered for COINAGE III tell YOU
| frankly, l don't believe it could be
done. Suppose a Bay street merchant
floats someOf his notes as long as reason
able in amount they will be accepted by
/ . no hon fr1f h.,g a..
! them they will be worth much less than
its face value. So it is with the govern
ment While we can maintain a larger
amount of silver In this government than
| gold, there is not a man who, when silver
| becomes a drug on the market, will not
| feel the alarm. The pledge of
the government can maintain the
| parity while the amount issued
remains within reasonable bounds but
| let it become a drug on the market
and the governments pledge upon it win
! be worth nothing. The issue of green
! backs is an example in point When the
issue was too large they went below par.
| and were only restored by being limited
| in amount.
MUST MAKE IT WORTH DOLLAR.
IF we were to have free and unlimited
coinage Of silver Immediately, we will
have TO change the ratio so that a dollars
worth of silver Will be put into a silver
dollar am not advoooti,,r. -
nigbt state tbie ~ 70
ion Cola Is NOT a. ptoiosl-
ali ON, dabts arc on ~, a.IiI -, III ~
t,,,oey theea two rnetaIs ~ 'I1oiIS pc
sil,-er or eyold basis ae 49,, 4liaS 00II ~
,,,o,lId IL he a bardsbin o. " l'i. no"
,,o,, ranf,ira the mine o,,,r-,, ~ IeoOOI II
SeU0,lob siIva, IN mal-e 49, " o u; up
(rbir6 ,youId he anIIaI 70 I 10 ~ 81
Mr., Turner said siive, uoli,'[ III goIu
". -. -, was 4oO al ele-
I{.tol,o vas ayla nd Salu greater
~ Ut he vaIue oF s iian IL Cne sCdle
~ 20 +oa rr;ces ~ ~ sE was com
plnSitfoo yrba ,rcas ''i &c Inherent com
,--oditios danepd on 'HoSS com.
lI'J',,I,, oNd da,Da4 'ne law OF
SPY, -,7 o., Moe lit II silver
o,bar ln0 ono hn6 of s,I,,S CouIu not Inat
o'H'i |nuu' .',I- 'iI'eI nave zone ltf
mi. mr. Nv NJ DIE WITH cofIoS'
| q 900 nl 6o Se@ - W. eAPecJ crop OF nearly
! s'ooo'oOo yates oI cotton Cotton IS at
. oei.s d pouuu noI because we nave not
ellouEi Il slLyeI, out IL IS not ~ cents be-
AUS we plOuuCe TWO 70 lhree times as
ulucn aS we useo TO. You cannot make
! people oy statute, consume what
vEey 10 noC want Mhen one-halt
VI III money becomes worth
Iess yuan me other nan, people
Mll want 'ne better haH: People every
WHERE VINO hoid American securities,
When tuey see the gold basis about TO be
sMePV away ana we are ABOUT 70 be MeXl-