The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-08-11
|FAVORS FREE SILVER
COL, JULIAN 8. CARR GIVES
REASONS FOR THE FAITH
THAT is In HIM.
FOR THE DOLLAR OF THE DADDIES

Col, Carr Gives Four Reasons why the
Minis Should be Opened for the Free
Coinage of SiIver--He Thinks it is
Time for the Democrats to Bestir
Themselves, Adjust Their Differences,
Begin the Work of Thorough Organf-
cation and Make Ready for Victory.
Reidsville Review.
Col. Julian S. Carr ! A name-magi
cal and magnetic conjure with in
North Carolina. A personality, which,
like that of the lamented Vance, posses
ses an abiding interest for the people OF
the good old North State. A man whose
princely philanthropy knows no bounds
and no distinctions. A man whose heart
is home for the humanities. A man
the characteristic charms of whose cour
age, eloquent with enthusiasm, enlisted
in any enterprise, secures and signalizes
success to that standard from the start.
A representative of the Review met
Col. Carr on the train few days ago,
and, DESTROYS of eliciting his views upon
the great overshadowing issue before the
people, found him, while not anxious to
rush into print to vaunt and exploit his
views, ready to give clear cut opinions
when asked for.
Without an instant's hesitation and
without waiting to choose words which
would be susceptible of more than one
meaning, Col. Carr, with that candor
and audacity which has always been with
him native element, plunged boldly into
the subject and said:
~ am a silver man. | favor the re
sumption of the full and free use of the
Dollar of our Daddies'-the money of
the Constitution-the money of the peo-
pie. / want to return to the palmy days
of the silver REGIME. | am old enough
to know that since that great crime of
the century-the characterization act Of
1873 was committed we have witnessed
an epoch OF contraction and depression
unparalleled in our history. The assas
sination of silver sounded the Iliad of
all our woes, in my opinion. | am not
insensible to some of the arguments
urged by gentlemen on the other side of
the question. | have heard it argued
that the same conditions do not exist now
which prevailed previous to 1878, and,
that, therefore, the question must be
dealt with differently. / have heard
it argued that this is a most inoppor-
tune time for throwing the country into
commissions of another educational
campaign in economics so soon after
we have passed through an ordeal
of this character. | have heard it
argued that following within the wake
of the panicky times, now that a normal
condition is being arrived at, it would
be unwise to unsettle confidence and dis
turb values by precipitating this discus
sion. 1t is urged that many who barely
managed to pull through the panic by
their eye broWs might not be able to
weather another storm. The country is
likened by some to patient who fell
sick with light fever which finally de-
yeloped into typhoid form, and in max
ing this diagnosis it is urged that diff
| ferent course must be pursued from that
| which would have applied when the first
symptoms were manifested. With due
Difference to the views of these gentle
men, whose ominous speculations can
not, of course, be answered in advance,
| assert my unalterable faith in the re-
vivifying power of silver and am willing
| to go on record now as favoring the fight
for its restoration to its former place as
money. have no desire to- be misun-
derstood on this great question
Col. Carr's views on the silver question
were further elaborated as follows:
1. 81 favor the immediate repeal of
the law demonetlzing silver and the i'm
mediate restoration of silver to the posi-
ton held by it before the passage of that
law. This viii make silver, as well as
gold, money of final payment. Money
will then be easier and trade will revive,
debts and taxes will be easier to pay.
2. 81 favor the continued coinage of
silver at the present ratio as long as the
country needs more money and as long
as we can keep silver dollar equal to a
gold dollar. We are now floating nearly
5000, 900, 900 of silver, and we can float
fully twice as much, if the Government
will make it legal tender in all sums for
all debts, both public and private.
8. IF other nations will join us, all
right, but we are big enough country
to supply ourselves with all the gold and
silver we need.
A. "Gold tends to rise in value, If used
exclusively, while silver tends to fall. If
both are used together they will balance
each other, and the resultant will be
more stable than either component.
Il realize that many good men, whose
opinions are entitled to respect and con-
sideration, differ with me touching this
important question, still after a careful
study of all the conditions, | shall abide
as a friend of the White Metal-the peo-
Piles money"
The conversation soon drifted into
State politics and Col. Carr expressed
himself as fearful of the State again
going over to the enemy.
There is, !" said he, ''every indication
that Fusion will continue aud be made
complete. The coalition forces are work
ing hard already to carry the State in
the next campaign, while the Democrats
are waiting supinely until the canvass is
upon us and our opponents have gotten
in the best part of their work. They are
holding their speakings, rallies and jolli-
fication meetings all over the State.
They have prejudiced the minds of many
Of the people SO bitterly against the Dem
Ocratic marty that even If III were an