The times. [volume] (Richmond, Va.) 1890-1903, 1895-05-24

contraction OF the currency. but by con-
traction Of credit resulting from loss
OF confidence in the stability and value
OF our currency. 80 far as the mere
volume Of cur currency Is con ,erned. we
had then and have now an ample supply
for all necessary purposes. but und-r the
existing system II Is not properly Dis
tributed and IS not sufiici antly elastic
10 meet all the changing requirements
OF business az different periods or the
year The United states should go en-
tirely out Of the banking business by
the withdrawal OF its arbitrary and COM
pulsory issues Of notes and afford the
people an opportunity 10 supply their
own currency based upon their own
means and credit thus enabling every
community % utilize its own resources
when necessary and adjust the circula-
ton from time 10 time 10 the actual de-
mands Of legitimate commerce. In what
way this shall be accomplished IS a
question which has already engaged the
serious attention of the people and pub
lie authorities. and 10 will no doubt con-
tlnue 10 be investigated and discussed
until plan is formulated which, IT nor
perfect. will AT least have the merit or
being great Improvement upon the
existing system. In the meantime our
standard OF value. maintain the parity
Of the two metals and keep all the money
in circulation among the people. whether
IL be gold and silver coins. or paper based
upon them, equal IN purchasing power.
so that no discrimination viii or can be
made between those who receive silver
or paper and those who receive gold. \
great government should do nothing 20
discredit iis own obligations or diminish
the value % the money tn the hands NJ
IT'S citizens. nor should the people OF a
great country eyer consent 20 the adop-
ton Of policy. through experimental
financial legislation Or otherwise, which
would yitiatc the OBJ legations Of their con-
tracts interrupt the regular course or
their business and destroy the founda-
tions upon which their Industrial and
commercial systems have been construct
ed. The spirit Of conservatism is still
strong among our ieOple. and, notwith-
standing the delusive promises ana sel-
fish appeals that are now largely IN
hucncing their opinions I'm some parts
Of the country. the truth y III ultimately
prevail. and have mo- doubt of the result
when the time for final action comes.
Gentlemen. ] thank you for your polite
attention and for the opportunity YOU
have given me 10 say something upon
this great subject to au audience OF
southern men, We are AN Americans. All
citizens of the same great Republic. and
while IT. enduros. the fortunes of the
North. South. East and West Will Boz
bound iniissoiuhiy together There can
Doe mo anfagonistc interest. no prosperity
in one section 90 the expense ~ another
bat we must AN stand or fall together.
So believing. ] have spoken 90 You zoe
day without reservation or eNapeeration
in behalf of that policy which. in my
judgment viii most certainly promote
The welfare ana preserve the credit and
honor OF our whole country
HIAcKBrnS TO ANSWER CARLISLE.
VERSAILLES. KY May 23.-Souator
Blackburn announced last uieht HAT bee
would answer Secretary Carlisle's C0vine-
ton speech az Lawrcuccourg next Satur-
day.