The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-11-14
CRISP A SILVER CHAMPION.
TIE SPEAKER IN FAVOR OF THE
I6 TO i RATIO.


other Countries Would Not Flood
Is with the White Metal In Ex-
change for Gold.
Atlanta. Ga, Nov 1S-Ex-Speaker
ctsrfes +. Crisp spoke before a Joint ses-
sion Of the Senate and the Georgia legis-
lsu-e tonight He had been invited to
address the legislature on the political
issues of the day, but confined himself
almost exclusively to the silver question,
coming out emphaticall for the free coin
ace If both gold and silver at the present
ratio. and arguing that the United States,
with her 100000 of people was sufficient
ly powerful TO establish bimetallism the
world over.
ylr Crisp began by stating that, of
course, it was understood he spoke as a
democrat. The democratic party was born
with the government 1t stands for GER
tain principles. local government.
economy in public affairs. equal rights
10 al and special privileges to none for
Iow tariff, land. in my judgment" said
ha lit has always stood for bimetallism.
and upon that subject 1 intend TO speak.
ANYTHING short of the equality of the
two metals at the mint is not bimetal-
Ism."
lIr. crisp then went into the history of
the coinage laws. In 1873, he said, when
silver was demonetized, the bullion value
of the silver dollar was three cents more
than the bullion value of a gold dollar.
The law of 1873 was passed without the full
know dye Of the people or their represen-
tauyts. he quoted from Thurman, Allison
OF Iowa, Garfield, Blaine, Beck ard others
% show that the full character of the bill
was not known-that it was not known a [
the time that the bill demonetiZed silver.
BE followed this with an announcement
that from that day to this the ajority of
tine democratic party had been working
Gu rehabilitate silver. The single gold
standard was a republican measure He
Analysed every vote on the silver question
taken in congress since 1873 and showed
that great majority of the democrats
had voted every time for the free coinage
of silver, except in 1893 when the propo-
sitiOn TO repeal the Sherman law was up
and at that time it was because they eX-
pected to have an opportunity to vote sub
soQuently for a substitute measure. And
even then there was but two democratic
majority.
The single gold standard has never met
with the approval of the majority of the
democrats of the country, he asserted.
There was no advantage in having sill
yer as money, he said, unless II stood
upon its own feet.
He stated that he did not intend to say
that man who favored the single gold
standard was not democrat but he did
mean to say that the vast majority of
the democratic party had always been in
favor of the bimetallic standard.
Mr.. Crisp exhibited a small piece of
silver bullion which, he explained could
not be used as money in any way. 1t
could not be used to purchase commodi-
ties, but If there was a law allowing il
10 be taken to mint and coined, then
everybody would want it.
He agreed that the value of a silver
dollar should be a dollar. The way to
establish the commercial value of silver
was TO restore 1t BY legislation to a
money status-tO rehabihtate it, Coin
it. at the ratio of IL TO L. That would
re-establish its commercial value Great
He Illustrated by showing that when
the Senate passed a free coinage bill sew
eral years ago, the bullion value of silver
rose % cents an ounce in ten days in the
London market.
r'You need not be apprenticeship of any
flood of silver" he announced There
was no country in the world that woniS
ship its silver here to exchange it for
gold. We had gained gold under the oper-
atoms of the Bland-Allison law and un-
der the sherman law. He believed that
the United States was sufficiently power
full to establish a ratio between gold and
silver. Gold, he held. was too valuable.
He claimed gold had appreciated and
argued his claim by comparing it's pur
chasing power in commodities now and
before the demonetiZa ton of silver.
our people should be the pioneers in
restoring a money metal which has been
used for all time, but recently stricken
down.
",The stamp upon a silver dollar does
not make it more valuable in another
country, but the right of the silver TO he
SO stamped increases its bullion value. -
In speaking of the value of cotton, ne
said that though the cotton crop appre-
ciated 80 per cent, in the decade before
the war, the price increased 20 per cent.
Though the crop increased up to 1873 the
price also increased, but after 1873, the
price Of cotton deprecated because of the
appreciating value of gold.
lie read from the November report of
me treasury to show that there was
Sl5,G00OO less money in circulation now
All things being equal, the price of
commodities is regulated by the amount
OF money in the world. He argued
against paper money because legis atiVe
bodies might be tempted at times to in
nate the currency.
In speaking Of the final result of the
hight for free silver, he said that he re-
membered when forty democrats had
food up in congress and voted against
tariff reform. BY their aid the republic
cans had stricken out the enacting clause
of the Morrison bill. But the democratic
party had been persistent in the fight and
had finally won. They had not gotten all
tney wanted, but the tariff laws now We're
infinitely superior to the laws OF few
years ago
Under the present financial system
wages and labor had gone down. The re-
publican experiment of a single gold
standard had now worked to the benefit
of the people of the country. Let us
return to the bimetallsm OF the demo-
cratic fathers; look around you, and you
VIII md in our poverty a monument of
the single gold standard"
In speaking of the next democratic ma
uonal convention he. said Georgia should
define her position on this financial ques-
ton. One of the questions to be decided
was the retirement of the $5000G0 600 of pa
per money If the single gold standard is
70 be perpetuated, that money must be re-
tired.
In the democratic convention, he believ-
cd that the views of those people who
elect President should dictate the plat
form.
He vigorously opposed the bond policy
OF the administration. He believed the
treasury should have paid out silver when
me gold run was made on it. That would
have stopped the raid.
England dictated the gold policy. The
United States had the power to change it
how-to establish bimetallism throughout
The world.
If the United States would go forward
IN financial legislation as it had gone for
ward in its fight for liberty one hundred
years ago, it would render to mankind at
large a greater blessing than was rendered
When we taught them that people could
severn themselves.
POPE LEO AND THE MExICANs.