The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-10-22
ROBERTSON WRITES
n MOST INTERESTING CHAPTER OF
FINANCE BACKED BIZ FACTS.
War With Europe Would Cost Less Than
Absolute Surrender to Eneland's
Financial Demands.

Financial Demands
Ccrnelia, Habe-sham County. Ga. Octo-
Der 2. IS9i.-EdEtor Constitution: In the re-
cent state election there was TO serious To-
cal issue involved. no lire of state policy
proposed. on the adoption or rejection OF
which an issue could he made. hence the
result OF the election Was Influenced more
by the consideration az national questions
than by local interest or pTeJuuices.
It is very evident from the result OF our
state election that the people 81 Georgia
are doing = considerable amount o. niue
pendent thinking. ana giving far more
thought To- economic questions than 90
~sshed-Out political theories. our people
are learning that states, Ike Individuals,
cannot prosper or develop on sentiment and
that the considerations OF practical poh'tcSl
questions affecting toe material interest," Oh
a people IS far mere important than party
theories or TIE sentiment 81 party piine-
They are considering facts and conditions
rot HYPOTHESIS and earnestly studying
problems Of relief and arc fully impressed
win the idea that 1.-The administration anu
management OF our government DEFEND
llpol popular WILL and sincerely bAheNc
that federal power IS the instrument III
that wi.l-not its master
TIE state election is over. and We are now
entering upon the congT essson1i campaign
snf the issues viii necessarily oe purely
rational ana the questions - ne discussed
those oniy VITA which federal power can
deal Il ca-aoJ bc reasonably doubted tilat
IA Georgia and. possibly. throughout 1he
south and west. the mos; absorbing OF our
national issues is the silver problem, cot
plca! with that % state banks. and the two
questions united. il not settled sooner viii
thrust themselves far 10 the front IN me
presidential campaign Of 1SJs. Tariff tim
korins may coa;InGc. but 10 a satisfactory
settlement Of TIE financial question the leo-
ys,s are looking with anxious and aSsoroinS
interest. IL is = question involving the wei
fare OF tire whole people. ana. as Colonei
Hammond remarked "a his opera house
speech. should be settled irrespective al
political parties Or platforms; ana II wan
BE- though the settlement tisrupts parties
ami destroys platforms
IA al II the very notable speeches which
were made in stlanta during the late state
campaign b. certain CIs.inEui- ned G"or-
Gains on the political issues % the day. the
silver problem had due considers tion. Each
o. the sDeaEe-s. AIcss-s. Turne-. Crisp.
Smith. Hammond am Walsh. declared IN
q ror Il blicetallis,n-tle Use % both gold
md slivcr-as a MONEY 81 final payment,
and al. seemingly. aH-ec that the rest'.t'-
tlCu 81 silver 20 tn" position II occupied
previous To 49, viii solve az least some OF
GME various Wa4AF2Ess-a fAWNaEAtA@ WIN Na4aNA
v-e are confronted. But. between s"rsae of
these DISTINGUISHED Gentlemen there Is .
wide difference o. opinion as % TIC method
~ which tne desired re-ujt should or can
b. reached. Some declare that the mints
should be- opened 10 the coinaee Of silver
without any discrimination against the
white metal. al the ratio Ecw fl,.et 10y law
az l. 10 l. Others favor a change OF ratio,
- that the commercial ratio and money
- nh Fssh rrafrH anil hear each
other shall be the same; while others con-
tend that rae United States cannot alone
sustain . double standard and that by in
teTnsti0nal agreement only can ratio he
ax.i for the use 81 both gold and silver as
money Of mat Payment. - IL appears thai
the whole contention centerS on ratio.
Ia ghc Report o. the Director Of she h!nt
Tor Es95-' viii b. found sable giving the
commercial ratio CT silver to gold each
Year since 1rSl - ISIS Inclusive Ihls
table des eiap- the fact that the commercial
ratio cf silver 10 sold Ee-er ic.l To our coin
s.:e gats1. q - d SCAT three tiul-- between
1sgs and IS.s "A term Of one hundred and
e.rhtv-sevsn wears. Ia 1870 this commercial
ratio Rzs Ies, iu ISL ic.ii and lsiS les n J.
The highest satlp eyer reached durins, the
hundred AMI .sr,.;- -s.-cE years vss lili,
IN l-ol sud the lowest Do - 20 /. In 1913
Since the United States began the coinage
az silver and geld in i1.s. 10 1873. VIXEN the
fHtEaH were Elu@t0 20 inc llft tulil-A=c ~
silvec. a Period Of eighty years, the
lowest ratio reached Was los 10 1. in 1913,
and the highest. 1852 90 1. In 1854; the aver
- for the .iEhts-C years being lS-59S TO
!. Or N.l9i above our present coinage ratio.
IN $50 the ratio WAS i5.s2 10 ]. and in 1874
it fell 60 1s-s1. AMI hes steadily fallen year
~ year until il Ter -llcd IN 1879 2lU TO 1;
TIRE average for the twenty-cne years being
1898 10 l. which IS sos lower than the av-
erase Or tale preceding eigAty-onc years.
curing which time Use usints were OPEN TO
Tree coinage
Again. t-ae the prices % silvcr per fine
ounce adjusted in our money To sales in
London from I,-s to ls.5 Inclusive. and the
following interesting facts are developed:
she lowest pT5ce per ounce Of silver from
Ike 10 lSss was SIS. in lSsl. and tha high
st price Vas Si-si.. IN l>5S while che aver
axe price for the foxy Years preceding
issi was Si-s-s per ouEro. ia 1873 the aver
age price for IL. year vss Sis. - fraction
a5,oye what IL WAS 10 I-3. 40 declined in
1S-f anI continued te decline from wear 90
yea- urtu ID .-rgL I-.1W "a Ter ounce. in
sSs s.-rsi cout uu So ..r-i.in.s ia price. until
I,sf. Uhea tue vain, again went fraction
rr-vt # pe- .--1et. ..lieh advance in value
was lost IL l-al. d Ia .lv price Was steadily
Declined. rr-sf. tar -.-c months of lS,3 the