The Durham daily globe. (Durham, N.C.) 1889-1894, 1894-08-06

Principally to the Financial Question.
A large crowd of people from the
county were here today in attendance
upon the populist meeting which was
addressed by Capt w. H Kitchen, of
Scotland Neck, who is so well known
to the people of the state as Capt
Buck" Kitchen
The hour for speaking was l O'Clock
and at that hour the court house was
filled. Captain Kitchen was introduced
by Maj. w. A. Guthrie.
He was loudly cheered when he arose
to speak
He began by saying that revolution
was brewing in this country, political
revolution, and that blind partisans in
the end would be run over He said he
wanted it understood that what he said
about the republican party did not apply
said about the democratic party did not
apply to southern democrats, as these
two wings of the party had not shaped
legislation for the past twenty years.
He said: 81 am better democrat now
than | eyer was before in my life"
The republican party, he alleged is
responsible for its misdeeds for the last
thirty five years, because it has been the
party in power; the democratic party is
responsible for the misdeeds of this ad.
ministration, whether it is hampe1ed by
protectionist democrats or what not,
because it Is the party in power.
He reviewed the history of finance in
this country for the past thirty years.
In 1878 the republican party passed the
national bank act and created national
banks in order to float it's greenbacks
and enable it, the government, to wipe
out the southern confederacy
In that act they laid a tax of one per
per cent on the issue of both state and
national bonds The national banks put
into circulation $69,OOO,OOO. Gold and
silver had at that time taken wings and
legs and had gone into its hiding place.
The socalled "rebellion" was conquered
by greenbacks. A few years later the
national banks came to congress and de-
mandcd that state banks be abolished.
They claimed that they (the national
bAnks) had been the financial agents of
the government in the days of the war,
that the state banks were entering into
competition with them and therefore
they demanded that state banks be abol-
tshed. Then the present state bank act
was passed, and the tax on the issue of
these banks has been so high ever since
that they have had to go out of business
There they began to undermine the
liberties Of the American people, there
they fixed the sristocracy of money"
Carlisle says at that time we had 50, ,300,-
100000 in circulation in 1878 with
f,O0O,O 900 inhabitants. Now We have 8
circulating medium CT only LOO, 900 900
with population of seventy million,
ald now ten times the amount of business
IS done that was done then. Bonds
We're issued to retire greenbacks and the
national banks got these bonds which
bear good interest at sixty, five cents on
the dollar.
He said that England had gradually
iorbcd the demonetization of silver until
at last she had caused it 10 be demone-
tied here in 1878. John Sherman was
the leader In this crime. Even General
Orant when he signed the bill did not
know that it demonetized silver; they
passed it over Grant the sheep head of
The republican party, said the speaker.
That crime rests upon the northern
wing of the republican party"
lie traced financial legislation from
'>'' down to the present time, through
'He Bland Allison bill, the Sherman act,
Uo"n to the present time. He said that
Grover Cleveland was the yarmest adyo.