Birmingham age-herald., 1895-06-09

to keep up the price, the more it bought, the more the silver declined.
 Notwithstanding these facts the lt- tie mining states say to the south: We want you to aid in affording us a market for our silver, as business has grown little and we have a new and original plan to make 1t go. Instead of the gov ernment buying 1t from us, eoining 1t into the dollars of the daddies,' and re- deeming 1t in gold we will coin it our selves, the government paying the cost, into the poor mans dollars, which will be good enough for him without re- demption.
 The new name will be taking and popular, and as the south has lots of poor men, who do not care whether the money they receive for their labor IS good or bad, or whether it will buy much or little. the south can absorb the new issue for long time.
 By the aid of their votes we can force our government to put dollar mark on only 50 cents worth Of our stl- yer, coin these poor mems dollars in un- limited quantities free of cost, and we will then be ready for business. When the foreigners come to buy your cotton and tobacco, as an accommodation to them and in order to help you, We will sell them our new silver dollars ct small discount for gold We will get the gold and you southern planters a great bargain in the cheap dollar
 Now, this scheme to get the south s gold and to load her up with irredeema- ble cheap silver is worse than the drift wood proposition, for she does not even get share of the profits of the catch. An Inviting Field
 'The south is the most inviting field for capital, and must necessarily be a borrower; high credit attracts capital at low rate of interest and after twenty five years business experience with the southern people, I feel sure they will re- md Ia tp tbiS fina npial scheme Of the nlip- ing camps.
 ''These little silver states are contin- ually talking about an alliance with the south An alliance for what? Their populism and socialism have wounded the little states nearly unto death. and the only possible deliverance they see for themselves is 50 cent dollars at the ex- pense of the balance of the country, but at an enormous profit to themselves
 South Depends on North. ''In order to develop the enormous nat ural resources and to set in motion innu- merable business enterprises for which the south is so ready, she requires assist ance from the great north and east, with their business experience and large accumulation of capital. She wants to draw on New York and London, where money Is abundant and at low rates of interest.
 ''The south depends upon her staple products and internal resources for her prosperity, and therefore cannot afford to ignore the experience of the world, nor hope to revolutioniZe our present moneta- ry system, under which every dollar has an equal purchasing power.
 A Tribute to Cleveland
 No stronger argument for sound, honest money. strict integrity and a rigid performance of contracts could be made than by calling attention to the rapid and astonishing revival In business and the marked advance in the leading products of the country since the last successful bond negotiation by the pres ident, and his declaration at that time that the credit and honor of our gov ernment would be maintained at any cost. "Since the day of the negotiation not a dollar of gold has been shipped to Flu rope; millions have been sent from that side to this, and the gold reserve of $100, 100000 is virtually restored. Be- sides, Europeans have invested largely In our securities, and there is every evil dence that the country is to have an era of great prosperity for several years, if this silver craze Is squeched. For this happy and encouraging turn in business affairs, the American people owe a debt of gratitude to Grover Cleve- land for his courage, honesty and ability exercised under the trying and grave cir cumstances, greater than can ever be expressed.'
 JOHN c. LATHAM"