The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-09-24

We desire 10 call the particular atteh-
zion II our readers 10 the financial
declaration Of the republicans of New
York. While the republicans in other
states. in Difference 10 growing puoilc
sentiment. have made preieI = oi al
yo.lifng silver ~ a part.of the standard
money or the country. the New York re-
rubliclns rcaitirm the views of John
sherman without modification They
saw.
We favor an honest dollar ami oppose any
erart. whether l,y thr repeal ~ the t'N on
STAT. hank issues or the free coinage 81 SIT
vrr e. lover our currency standard anu
W. favor an international agreement Whlch
shall result iu the use ol both Soid anu SAT
ver as s circulating medium
Tue~. vino sakc ANY particular inter
Ct i'm democratic principles ar who are
in favor ~ promoting democratic poll
c...> cannot TAIL Ia nu.e That this republi-
Gan declaration is not different either
IN essence. ar in substance from the pol
i.v advocated in Georgia 10y u few men
ami 81 few newspapers who continue to
call themselves democratic The line
between the republicans who demone-
tfzaJ silver aud the democrats who are
pledged "a restore it ought 10 be very
clearly drawn ID is. indeed. 50 clearly
enough drawn in the stale platform
that no one can possibly be deceived;
and yet. when prominent democrats :"
about the state advocating republican
financial doctrines. and when certain
newspapers adopt bodily the republican
arguments against the restoration Of
silver. the average voter is likely 10 be
thrown into state of confusion.
The democratic party Of Georgia can
not bc iiSh at one end and fowl at the
other. What is good republican doc
tr.ue i'm New York cannot 10y amy posi-
h.llty De good democratic doctrine in
GEORGIA. 1t is not undcmocratic TO IA
var international bimetallisIn. but it is
neither democratic nor sensible 10 main
tain that an international agreement is
absolutely necessary before silver can
~ restored as q part of the primary
money of the United States.
But what becomes of the arguments
in favor oE international bimetailiSm
when 7ve see men who call themselves
democrats and newspapers pretending
IT, H. anxious for democratic success,
claiming that gold has not increased in
value. ANA that there is no need Of any
further expansion or the volume of our
standard money: If all this De- true
fl there is plenty of gold ON hand-if
falling prices tcnd to prosperity then
there. &, no necessity for international or
any other kind Of bimetalliSm.
but Iet us see how near we are to in
tgruational bimetallism. 1t is admit
tel bv an shc continental nations that if
ENGLAND viii take the initial step an in
tcrnaiieual agreement can be arrived ut
without further delay. Eut how long
viii ii d. before England viii take the
initiative: What Incentive have her
business men 60 restore silver as part
Of Tine primary money Of the world? IN
other words. what interest has Great
Britsin i'm increasing the value Of sill
YER ard thereby increasing The prices Of
tb,. staple commodities 81 the world. the
LARGER portion Of which she is compelled
t. buyE
Let ms examine into the matter lit
tl. Let us see what interest England
has I'm accommodating silver and making
q more valuable. The trouble began in
1S13. when silver WAS dcmonetizcd in
the United States, but as that seems TO
b. a date remote, we need 20 no further
back than 1890. TO bring the matter
home 10 the comprehension Of all. we
viii take the cotton crop Of that year.
II weighed ont when brought 10 mar
kct 3.G,S.0o0.000 pounds. and sold for
S4O2. ODO.O 600. the average price being
11.OT cents "A pound. The cotton crop of
1871 weighed out 3.T4S.OOO.OOO pounds
and sold for S2SS.O0O,O00. the average
price being 40 cents pound.
Look at the figureSl The cotton crop
of 1890 was f2O.00O.O0O pounds less than
that Of 1894. but it sold for STA. ZOO, 600
more. What is the result of
this slump in cotton, apart from
the loss that the farmers and the
business men Of the south sustained
Simply this. that the country has been
compelled 10 send much more cotton 10
Eur0pe-and mainly to England-to pay
the same amount of debt Now Is this
a good thing for England or is it bad
thing: is il a bad thing for the people
OF this country or a good thing? 1t is
q question Of plain figuring. Is England
hurt 10y tie fact that she receives a
constantly increasing amount of cotton
for the same debt: If she is helped
rather than hurt by it, what motive
have her rulers for entering into an in
.ernationaI agreement the first result OF
which would be ~ utterly destroy the