The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-02-20
N T TTTCKFR M D Piedmont Medical Institute. All

unprecedented rate and create financial
troubles which could not now be estimated
Yes, why Not:
Mr.. Simpson referred to the remarks maue
by Mr.. Walker yesterday in which ne saio
that the entire financial problem should pc
lef, for the banks to solve. re re leau va, W.
Walkers biography to show that ne was d
shoemaker, and said if q shoemaker coulu
discuss the financial question, why not d
farmer? The bankers desired CURRENCY
which would be means of money ma KING
for thems elves, while the farmer ana LABOR
ing people needed currency which would
be the most useful to them ana attendeu
with the least expense
Mr.. Simpson refuted the impression which
he said prevailed in the east that the popu-
lists believed In an irredeemabIe currency.
He pronouncde the whole system Of gold re-
n.pton makeshift. There had never
been any money but fat money. He would
limit the issue of fiat money to the wants
and needs of the people. He said that there
should be at least enough money to supply
q Per capita circulation of $50.
Mr.. Bingham spoke against the bill which,
he said. but another step in the move
ment to establish silver currency.
Mr.. Boatner favored the bill. which, he
treasury to use the assets of the govern
ment to pay it's obligations.
Looks for Another Reid.
Mr.. Enoe favored the bill and said It's
opponents were not satisfied with the re
peal of the purchasing clause OF the Sher-
man act, bit desired to stop the issue Of
money IN .thy form. lie SAID the oppo-
every industry of this country, except that
Cd that Is soon as tba none raaIiged
from the sale Of bonds had become ex-
hauSteu, me ptilA5 OF New YORK would
az i co 90 ny boU6 ~ an d CDimpe i repeat
eantIen,an Who said that If tbe nandiTa hifi
passed not another bond could be placed
in New York. IF the credit of the govern
ment was al the mercy of Wall street it
should be allowed to go by default. The
effort TO esta3ilSh q plutocracY would fail.
me DAY WhSn tne soutl cQUld be terrorlzed'
e3ther ny pa tyy or nna ,1 threats,
Of themselves, It is the duty of congress
to take away from the secretary of the
treasury his discretionary power Ahere
bad been too much abuse OF such power
ne odidat ,,o,, itb{s notiorst ticirn+
n3ue niG Ftr fbn oIac+nn carrV oIt
thelr wishes ana protect their interest.
Mr.. Hall spoke against the bill.
Mr.. Goodnight made a legal arguinent
aealnst me Dover o. me S~rue,'-IT o -, ttIe
80 a. h1Hds for 3ryI othe,, Durpose than
that of releeming legal tender notes. He
favored the coinage OF both seigniorage and
bullion.
Judge tulperSon sno"eu III d 9u0O1ii1e
manner that as IONS as the1e vas UuC
standing one silver certificate, when Wheh
redeemed according 10 the law ShouId pe
reisSued, the treasury could De oIllHeu u
its gold ana a pohd issue LorCeQ upIn nc
government al reg ulat $500 1r'7, %
said the system now IN vogue mace an s'., a.
less chain by which the reserve couio DIT
all times be dragged from the vaults.
.>.~eer opno~~H Al Certificates,
Mr.. warner put hllnsei ihIo d ii''cil Ili''
which turned him out t 1T co14se a'oo-
cate pure and simple. lie IS bitterly OPP
roead 10 allowing one ounce of bullion to
remain in the treasury and as equally OPP
,osad m tho issuance of q single silver or
III oer+iGcata He concluded by declar-
Goru 49, ~ orl,, Io.~icaI outcome OF the
ING tudI lie oilis 80 ,,,,9t,,I, vas 10 ad
fnanclal poilcy VI li'IS Co"At iS9 49, i7
nit the free coinage OF GoIu anu 81 49, e..
put them in clrculaton ana let lieill lio@'t
at their own value, leaving the pahhS 10
take care oil the paper cull9I'oS:
f"." every "" "c~ 1,,,,
The debate wound up WIN MI. DlaIi 'i
proposing an amendment "HIch ne VIZ
offer as soon as the hVe-nlhute iuIe IS
adopted He is willing. he says, to allow
the secretary of the treasury to redeem the
- aar.tifcotas in gold or silver but
9ltNei I ito i1,,e,. cart ificata must be
Wlleh feuee'tieu 'li1 81 - -,o,1o,t is,-,,