The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-04-23

of each state gave access to money. lhen
the money stayed at home and did It's WORK.
co con IL in New York Now when S s,si,
ness to Nsw Y Yar be- goes in the
bad character of robber OF the people
instead OF as producer he IN may yen ger of Of
the banks? Through the New York banks;
They depreciate your property; 1hey aVa u.
foreign powers. Suppose that the state tax
was repealed, and Alabama had banks Ior
the aceommodation Of h nne on an eo"ai
deposit of gold and silver. Honesty IS the
bond Of faith. Strike that out. ia, ana Inc ine
land, instead of forcing the owner to 20 9,
to Scotch company. the state bank wo }l1a
be the rival i OF the nA Mp6 e eapng
itentiary to receive lawbreakers, enough
good banks would spring up to consume l:o1,1e
find that ali the repressve measures against
silver, enacted by the republicans. Wou 10
be nnlihed Then men Would tbead h mU[ 90 10
"When greenbacks and treasury notes
Were issued they were at a discount; ;ve mo
taxed out Of existence To strike out sill
yer throws the power to control the qe5 u
wealthy. State banks were taxed IN oIuer
to shut them out, and the same mo 1M
leads to the demonstration OF silver me ne
purpose is to compel ali to go to New YORK
to get credit. The right OF the state 10
protect her own financial interests IS ne
II.
son fought the constitutionality of national
banks, but no one attacked that OF state
banks
The Right to Coin.
Senator Morgan then took up the rights
which the constitution confers in the matter
of banking-one to the person, the other TO
the state. Taking gold as the example.
citizen has the right to dig a hole ana liiu
coined free. Suppose he should be met at
the mint with a charge or llInllation ne
9Sd be under 0f pnf The ei hls
stands equal with sold, and Legislation that
interposes against its coinage IS JuSt as
zion OF personal rights, as If 1t We're the
gold that was under prohibition. The con-
etltution contemplates the increase OF the ne
both gold and silver, and the laws follow
ing have contemplated that WhosoeVer
mint shall have It coined without charge.
The right to coin is inherent IN the con,
may call me what they please, but | viii
die in my tracks before l will give UP
single right" 49,, o
Uproarous applause greeted this asser-
rhe Origin OF BANKS.
In discussing the origin of banks, Senator
Morgan continued:
There were banks in the days Of the
colonies. The first / believe, was started
venient instruments commerce, ana
useful in matters Of church as well as OF
state. They we're good 1nst!tntt ~ nlr
They had to be cramped to keep from get
ting the best of you. Uaughterl o.,
"ln the early days OF the governments
these banks were controlled by local au-
thority. Whenever opposition was maze
democracy triumphed until after the war.
hand. The national bank, although declar-
ed by the highest tribunal of the nation
s2 be Rumpie eaen in accodande With the
constitution or with sound democracy. Ii
Is one Of the devils which he have to
fight. Nppause) What We ought to 90
is to repeal the tax on state banks. The
state OF Alabama can take as good care
OF a state bank as she can of a state asy-
lum for the insane, or the state peniten-
tiary. In none OF these matters does she
need the assistance of the federal govern
ment.
AisbmIna should Assert Her Rights.
''T'urniug our backs upon the past, have
we not i'll the future much 10 invite our
thoughtful attention, ana much that urges
very Hour you are suffering III your homes,
and YOU are not the instruments which
have brought this suffering upon your sec
ton. 1t is purely the result OF federal leg
islatiOn. When | Travelled over the state
twenty years ago with MIR. Houston, and
forcshadOwed the present state OF afairS
J never thought we would be so greatly dlS-
tUrbed. ] believe in our emDafraS5nleht
that you will stand by me, rot ~ returning
me to the senate, for my ambition, at this
crisis, is not selfish or personal. bat IN my
effort to restore good faith and to insist
mon the rights OF Alabama under the
Constitution loud cheering, and cries of
Eyes, we WHO When Alabama With
draws her confidence from me | snail know
that ! am IN the wrong, though honestly
mistaken, and ! shall bow in an humble
though sorr0w-stricken manner to her SOW
cregnty Ny highest ambition IN pupnc
life is to eVince my gratitude and love Tor
the state Of Alabama Pecuniariy. could
10 much better at home than at Washing
ton where my yearly expenses average q
Thousand dollars more than my salary,
ana have a wife as economical as ever sat
mob
opponent to my knowledge, except MT.
I<ob and ! understand that nothing II the
way of a candidacy has ever been refused
'liood')
I'nc FostoGice in the Rear.
MY situation, however, is peculiar. On
nv left is the pOpulst wrg, on my right is
Mr.. Kolb, and in my rear is the pOstofce.
So have to stand straight and that is the
way l intend to stand, O-auGhtcr) | Will
ask you, my fellow citizens, to excuse
high an opinion of my record in the senate
as my good friend who introduced me.
am aware Of no blot upon It, except one
negro by the name Of Taylor, reared on
one Of these Alabama plantations came to
Washington city strongly reCommendeu.
Mr. Cleveland. after reviewing his claim
decided to give him the appointment to
Bolivia ! was not in favor OF sending a
negro to q white foreign court, nor shall
] ever be in my present state Of mind. The
people of B0iiVia We're deeply concerned
over the matter, for they have no patience
with q negro and refuse To let him come
into their midst They treat him like the
the outskirts of the city. l happened at
that time 10 be the chairman Of the commit
tee on foreign relations. 1 withheld my
approval and the appointment went down
with the close OF the session. Now. since
that time l have been tainted with incon-
sistency
Fiat Fred Douglass Ynrn.
at was said that I had voted for Fred
DOugiaSS marshal of the city of Wash