Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-05-24
ALL FOR GOOD MONEY
Declaration Of Principles by the
Memphis Convention.
WHY IT FAVORS The GOLD STANDARD
Effect of the Address of Secretary
Carlisle.
WILL MAKE A STRONG FIGHT

MEMPHIS, Tenn, May Alt Is the
verdict Of thinking men of all classes that
the sound money convention. which ad-
journed last night, has left an impression
upon southern affairs and politics of a most
important and lasting character. Even the
free silver men in the business element here
admit that it was a remarkable and i'm
portant affair. Any one looking over that
assemblage of nearly COO accredited dele
gates observing the character and intell-
gence of the men and realizing that they
represented the conservatism and business
interests Of a great section, would realize
the momentousness of the occasion. Far
from being mere capitalists and bankers,
they actually adopted a resolution depre-
catory Of national banks
The convention came out squarely and I'M
equivocally for the maintenance Of the
gold standard until an international agree
ment for the use of silver is reached; op-
posed not only free coinage, but also So
called bimetallism; favored notifications of
the national banking system and insisted
upon the parity Of all American money.
The business interests Of the south repre-
sented in the convention have aligned
themselves firmly and Enthusiastically with
the sound money principles of the north.
President Clevelands financial policy was
approved with tumultuous applause.
Read it again." shouted delegate, when
the applause following the first reading Of
the Cleveland Endorsement subsidized. 1t
was read again, and again the audience
Numbered its approval.
The work of the Reform Club of New
York in behalf of sound money was in
Gorsed by resolution. Sound money leagues
were ordered to be formed in every south
ern community.
AIOOf From the West.
THANK God that the southern states have
not broken away from our old alignments
and followed the rotten borough states of
the west" said Congressman Patterson in
speech closing the convention. 1--WE can
never join issues with the people of the
western silver states and continue to share
in the control of the destinies of this ma
ton. We must hold aloof from them"
This sentiment was echoed in rounds of
applause There was practically no opposi-
ton to the gold standard movement in the
convention. In the session of the commit
tee on resolutions some timid members
cautioned against advocating extreme gold
monometalliSm, but did not raise any vigor-
GUS opposition. There was not a murmur
Of opposition in open convention. Only five
men opposed indorsing the Reform Club of
New York, and this was the only intima-
ton in open session of the presence of any
one but out-and-out gold standard men.
The actual business of the convention
was short, sharp and to the point. There
the affair Secretary Carlisle made a pro-
found impression upon the people by his
speech. 1t was the subject of praise and
communication in all the gatherings and in
the hotel Hobbies.
In the evening telegram was read from
Pensacola, Fla, demanding 1.-The free and
unlimited circulation of Secretary Car
isles speech" The convention ordered the
speech printed for public distribution, and
Congressman Patterson's speech will go
with it.
Congressman Catchings of Mississippi.
who presided over the meeting expressed
his opinion to the writer today that the re-
port of this convention will prove of in
calculable benefit to the south and the
spread of sound money ideas. He thinks
the movement will ultima teiy wipe out the
free silver boom in this section and swing
the southern states into line for safe cur
rency. Congressman-elect Spencer of Mis-
sissippi. who beat Gen. Hooker, was at the
convention, and has come out for sound
money. AT the time of his election it was
generally supposed he was a silver man.
Congressman Clarke Of Alabama was a
delegate, and placed Gen. Catchings in
nomination for permanent chairman.
The immediate result of the convention
will be the organization of virile fight
against free coinage in every community
tant," said Gen. Catchings to the writer
There were present at the convention a
number Of men from New York Chicago
and CINCINNATI, who had come here with
unprecedented minds for the express pur-
pose of studying the affair from a non
partisan standpoint. They are professional
observers of political movements, and their
unanimous opinion is that the Importance
OF this convention cannot be over-esti-
mated.
The resolutions adopted by the conven-
ton are as follows:
Declaration of Principles.
l. Believing uniform and certain stand
ard of value necessary to the agricultural,
commercial and industrial development and
prosperity of our common country, we IA
vor the maintenance of all our money,
hot gold ...,.;.zz