The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-07-09

deprecated silver dollar. desire
| to say. for myself that I would not favor
! any silver dollar which is not on parity
PARTY y means ea eanalty i' and nartv between
| silver dollar and gold dollar means
equality in purchasing pSwer 1 hGW s mat
| the future coinage should be on the basis
| of 16 to 1, some the basis of IS to l and
| some on the basis of 20 to !.
Grave questions are presented here
| which democrats should consider, not Tor
| division and strife among themselves, put
| for consultation and agreement with each
other. The proposition to resume the CON-
age Of the silver dollar at the ,1 ratio ao OF
! 20 to increases the value Of the silver dol
lar. 25 per cent. If it be true, as many
believe, that silver measured by the values
of property, has not deprecated, but that
| gold has appreciated. it necessarily follows
| that to increase the value of the dollar
| 25 per cent is to add 25 per. cent to every
States pqfa mann ana pwes debt of 81 it
is the same thing as if the government re.
quired him to pay $1,000 to DISCHARGE tha.
private debt. amounting in the aggregate
to many millions of dollars. If silver has
ert s values, a ratio Of 20 to IN the silver
dollar adds 25 per cent to them an. me
state and county and m mu no6 aep dshts
although in the names of the state ana
the. counties and the towns are % to be
adds $4,000, COO to this indebtedness, and the
people of the. state must pay that also.
| I'VE now have 4OU, OIL SIlVeI uoii"t
at the ratio of 16 to /. Are they to remain
| outstanding and are we to nave announcer
| issue of dollars in circulation containing
| Is per cent more of silver, and are the Two
coins to be of equal Of different value?
! If the measure of the value of the dollar
is the quantity. of silver which 1t contains,
| then, necessarily, they must be OF d1fferent
I values BY what calculation is 20 to
! ascertained to be the ratio by which parity
| will be secured between the silver ana the
| gold dollar? If the present bullion value of
Silver is to control. the ratio should be
nearer so to than 20 to l. If the recoln mage
| of silver. by what abstruse calculation Is
| it ascertained that such enhancement VIII
| secure parity between the gold and silver
| dollar at 20 to t. but will not secure 1t at
the ratio of 16 to 1? applause.
II repeat. these are grave questions, for
| decide. But ii must be apparent that the
| coinage at any ratio greater than that IN
| greatest difficulties and with the greatest
| Injustice to the debtor classes, and that,
| in consequence, every resource or states,
| manship and every device of finance should
| be exhausted in the effort to restore the
coinage of silver at JIG to !, the same ratio
| as the 400, 100000 of silver dollars now out
| standing, before resort is had to any diff
| ferent ratio. Theory can never solve the
question Practca experiment it can alone
| the gold and silver dollar VIII be found.
| The part of wisdom and of Justice is in
m raio ard 'f te make It as promptly as posi-
| bic. If that fails to show the parity-the
| equal purchasing power-petWeen the Two
| coins it will be time enough to try another
| ratio. I repeat, sensible man wants a de-
| preciated silver dollar.
| s'The democratic congressman from Geor-
| give voted for the seigniorage bill, by which
s5O. 900 900 would be coined at 16 to /. Every
| congressman who voted for that Dill com
| mitted himself to that extent to that ratio.
| 'But while these differences of detail do
exist, it is folly to talk about dividing the
democratic party on ia account Of them hmel
| talic party. The platform of the party de
clares fc.c bmetallism in the most emphatic
language. Mr. Cleveland avows that he is
| a bimetalist. The differences which exist
are not as to whether. silver should be re-
stored to the right of coinage. All agree
| that it should be coined equal terms
| with gold and the only question is how
| can that be best and most safely done?
| '.But be the differences on this question
| great or small they. should in no man
| ner sacken our allegiance to the democrat
ic party That party is anchofed Il. oS tne
| great fundamental principles OF the gov
! ernment. Upon it alone have rested our
| confidence in the past. To it alone can we
| look with hope for the future CIremenaous
| applause.)
Mr.. Ham Turned Loose.
! When Major Bacon had finished his
speech Colonel Newman. the Well-knoWn
| humorist of the mountains. took the stand
| and made IL speech introducing the next
| speaker Of the day, Hon. II. w. >. HAIL.
I! of the county of Han.
He is the same old Ham the boys used
70 shout themselves hoarse at when he
| told his funny stories and he has supply
of a great many new ones, though MS
| same old ones catch the crowds now just as
| they did two years ago.
He held his audience spellbound 1or
| long time and they shouted and applauded
when he finished for many minutes
At the close a resolution of thanks was
passed expressing gratitude TO the speakers
of the day for coming to Canton ana
Speaking as they had, expressing confidence
in tbai, Of handling democratic meas
ures.
The Major Asked Them Not To.
| 1t was the intention of the friends OF Ma
| jor- Bacon here today to adopt resolutions
| endorsing him for the United States senate,
and they were on the Of doing 1t, when
Major Bacon asked them not to.
Il have come up here not in my own
interest,"" said he, "and my presence mere
| is my reason for asking that you DO not
give me your endorsement at this time.
| IT was not the purpose of my trip. came
TO make a speech for the principles OF
| democracy and if L have been able to DO
| anything on earth for the good of the party
| 1 shall rest content with what mas peeh
| done in Cherokee today"
| With such a speech from Major Bacon W
numbers of his friends, they decided not
| to pass resolutions endorsing him.
| The county however, is solid FOR MIN II
| would certainly seem, to judge from the
| reception he received here today
i At the meeting of the democratic eXecu-
! tive committee today in this county 1t was
! decided that Colonel Tom Hutchinson is to
be the democratic nominee for the state
KS ''i''' 0i' - YAH REMsEN CRAWFORD.
| GARRARD'S CANVASS.
The Gentleman Says Frankly that he Wants
| tn DO IL senator.
V,IlU