The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-10-08
THE CAMPAIGN THERE rs BEING
F0UGHTON SILVER LINES.
MIR. C. A.CULBERsoN FAvoEs 10 TOT
And Believes that There should be Free
Coinage at That Eatio-The Opening
Speech of the Campaign, Etc.


will be remembered there was an effort to
make IL appear that Mr.. Culberson was not
free coinage man and the admiuistra-
ton press all over the country declared
the defeat OF Judge Rea gan to be defeat
of the free coinage idea. The Culberson
men denied this, declaring that their man
was as strong a friend of silver was
Judge Reagan or anybody else: and this
declaration on their part unqucstonably
had a good deal TO do with his nomination.
Texas init for Free Coinage.
The fact is. the democrats of Texas are
a unit this subject. In his opening
speech Mr.. CulbersOn devoted most of his
time to the silver issue. He showed how
the constitution of the United States had
always recognized gold and silver as the
metal Moneys of the union and how Mr..
Webster and other great leaders had always
held there existed no authority TO displace
either. Since 1872" said he when Mr..
jefferson wrote Mr.. Hamilton concur
with you in thinking the unit must stand
upon both metals the democratic party has
favored the coinage of both metals.
Throughout its career its authorized ut
terances have demanded a currency Of
gold and SILVER and paper resting upon
coinage. substantially as declared IN the
national platform of 1850 and the platforms
of 1851 and lSSs."
Coming down TO the national platform OF
1892 he says that is makes the same demand
the state democratic convention OF Texas is,
with a single exception, il the exact lam
guage Of the last platform. THE cNcep-
ton referred to- said he, renders the
state plank stronger and more explicit. for
it demands not only coinage without dis
crimina ton, but the equal coinage OF the
two metals This says he. leaves no
room to doubt that sivcr is 10y law and
usage in this country. aud We pledged that
it shall continue 10 be. standard money.
not resting upon other coins. but in itself
money"
Referring to the action Of the state dem
ocratic convention in adopting its platform
at Dallas. he says.
THE state platform adopted at Dallas con
tanned no expression OF the party as 20 the
ratio Of coinage. nor as 70 the quantity of
gold and silver l. Doe coined. except in So
far as may be implied in the provision FOR
the equal coinage q! the two metals ami
the maintenance % the parity. II is in
sisted in some quarters that because the
convention decl.n ned To substitute the minor
ity plank. which provided for the unlimited
coinage Of both gold and sive. at the ratio
OF Il to !. fur the majority plank. it thereby
denounced the UNLIMITED coinage Of silver
al that ration"
lie quotes the platform as adopted as fol-
lows:
I'VE held to the use of both gold and
silver as the standard money OF the coun-
try, and the equal coinage Of both metals
without discrimination against either metal,
or charge for mintage: but the dollar unit
OF coinage OF both metals must be Of equal
intrinsic and Interchangeable value. or be
adjusted through International agreement,
or by such safeguards OF legislation as Will
insure the maintenance Of the parity OF
the two metals and the equal power OF every
dollar az an times in the markets Gad in
payment Of debts and We demand that al
paper currency shall Doe KEEP; at par with.
and rejaemabie in. SUCH coin. W. insist
uuuu this policy as especially necessary for
the protection of the farmers and ldhorius
CLASSES the first and most detersoiess VIE
tins Of unstable money ana iuctu3 Gag
currency
Then ne also quotes the report Of the NIL
norty of the committee on resolutions and
says;
ut will be observed that in q general
sense each plank demands the continued use
and coinage Of gold ANA silver as standard
money. and that t.c Distinguishes differ
euce between them is that the advocates
OF the minority desired to express tuc.r Bee
lief that the parity could Dee maintained
with unlimited coinage at the present ra,io
Of II TO T."
Change of Ratio Not .iaiioaui
Explaining that there have been some
differences as 10 ratio, he continued.
THUS uatrammeied by party declaration
eel 20 Ole 10 ire how any sincere advocate "L
the continued use and coinage Of silver
can insist upon a change OF ratio now Bf
the act Of April . 17a2. congress established
the ratio OF Is 20 J. the act provIlinS that
the proportional value of gold 10 SILVER ia
| all coins which shall by law be current as
money IN the United states shall oe as l'
| to /, according To the quantity In weight "l
pun, gold or pure silver; mat Is J' SAY
every fifteen pounds wcisht of pare silver
I SHALL Doe OF equal value in all payments with
/ one pound weight of pure sold. and So ~
1 proportion as To any greater nj less gIani--
ties of the respective metals.
"Ey the act of July 81. 1855. ard January
Is 1881 the ration for silver dollars was
/ changed 10 I 70 159ss, or as IT is popu.alis
/ known, / 10 10. This IS the preSen legal
ratio ana standard silver dollars are
/ now bclrr coined M the rate OF ss-o."' yer
/ month at that ratio from silver bullion pur-
/ chased under the sherman law without sts-
a.cstfoa of the eNpeQligr'y ot a change IN
/ the ratio fran the administration or any
| p.rspn charged with the execution "- tne
.ot1a... laws Under such c-:sIrnst;ueaS
| t5,. constant deuunciation OF the present
| ratio in Texas passes ms cau'orchs;l-. iii-
/ 10 change the ratio would Require r"c3iu-
aec of an silver now in circulation
sixteen 20 one VIII Maintain Parity.
In rlrcludins a speech which IS said TO
have been received with su evidences of
| received in many d day, Mr. Cu!ty;son
said
While in the United States the circuia-
ton per capita in silver Is So, and is
greater than that Of any country except
France, Sl5.o5; the Netherlands $i3ls. ami
the Straits Sz59i. and. while TIE per capita
circulation with Us uf gold, silver ami
paper Is S2SG,. ard is greater than that ~
any nation except France S56-SI, Belgium
5000. Australia $3.50, ANA the Straits S,i.Ji
there is certainly no present prospect o.
imitation.
with population Of c7.ela.ooa our stock
of silver OF all kinds is $il5gu.o9. wAle IN
France. burdencd with more recent war
and the largest indemnify ever imposed
upon a Vanquished nation. with a poguia-
ton of S90o10o0 there is safely used &ol--
090000 in silver SO. also. the arsumcnt
that we cannot coin silver. as ia that ease
gold would leave us and We must have il
TO pay cur foreign debts. is unsound-
Except where our imports exceed our
exports foreign trade is our de6'or. ard
| il is evident. except where the balance of
trade is against rs. there IS ordinarily
no occasion for gold To so. From 1876 90 1873
there were oaIy two years tiSsN ami lSosl
wien we owed "A balance. IN 1891 the excess
| OF expcrts over imports was $Si2Ss.i.6; ia