The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-07-18
A SORT OF JACK POT.
Gold Reserve is Nothing More
Says Senator Morgan.
Was Invented by John Sherman
for Money Gamblers.
MOVING TO THE FRONT
The Silver Cause is Gaining in
Spite of Adversely.
Morgan Will Do All in His
Power for 1t.

GRIFFIN, Ga, July 18-The principal
event at the Georgia free silver conven-
tion held here today was the speech of
Senator Morgan of Alabama. He said:
Senator Morgan began by saying that
he had come to the meeting as Demo-
crat, ''in Democratic harness and by au-
thority of the settled creed, to advocate
Democratic principles. old and as
sound as the great national party"
Il am here" he went on, 'as disciple
of Jefferson, Madison and jackson and
many others of the consecrated fathers
to speak in defense of an act of congress
that was approved by George Washing
ton in 1892 for the free coinage of silver;
which was re-enacted in 1887 and was
approved by Andrew Jackson, presi dent
of the United States and was stabbed be-
low the fifth rib by John Sherman in
1873 and was left for dead"
Continuing he said "Mr. Sherman's
law OF 1873 was such death blow to sill
yer as a money metal that it seems mar
veious that silver has in it enough life
left to take up its bed and walk. But"
he said, sit is moving to the front with
uplifted head and vigorous step again,
in union, if not in full harmony with
gold, and the parade is so inspiring that
even Great Britain is keeping step to the
music"
The senator said that he as a Democrat
favored the re-enactment of the free
coinage law of 1887. He continued that
the Democratic party aided by a small
band of intrepid Republicans, had since
1873 restored silver to all its former
rights, except that of free coinage
and for the purpose of showing the
almost unanimous action of that party in
the senate. read copious extracts from
the Congressional Record.
Referring to the record of the vote
of Senator Hill of New York for free
coinage at the ratio of 16 to /, Senator
Morgan said the vote was cast in
Pickwickian sense. "Such d way of vOt-
ing," he said, "may be ip vogue in a
state where the Democratic party is di-
vided into snapper and 'anti-snapper
factions; where one leader snaps and
the other leader 'anti-snaps.' and between
the two the party, is consigned to JOnah's
quarters in the belly of the Republican
whale. If Mr. Hill was forced into such
a voyage by the anti-snappers in 1892 it
may be safely calculated that he will
kick himself on shore again in due sea-
| son"
Speaking of Secretary Carlisle the SEN
| ator said he was not chosen as a cabinet
officer until he had changed front on the
silver question. His convention was
not like that of Paul, who ospoused error
was made blind, and then saw the truth
and embraced it; but like that of Aaron,
| who saw the truth and became blinded
to it and espoused the darkness of Egypt
| typifed ii a golden calf
| Mr.. Morgan criticised the bond issue
and said the necessity for such issue was
found in the tinkering with the Sherman
| law. He said the contract for the sale of
these bonds was without precedent or
justification, and it has an OdiOus flavor
of subserviency when it pays a foreign
syndicate to prevent run on our treas
ury for gold.
Mr. Morgan combatted what he termed
'the false issue invented by Mr.. Sherman
and adopted by Mr. Cleveland" that it is
the duty of the government to preserve
the parity between the metals by adjust
ing their coinage to meet the fluctuations
in their commercial value. "England," j."
he said, ''wanls god because she was the
largest creditor nation and killed silver
to get rid of this parity issue"
Speaking of the $100,000,O00 gold re-
serve, he said: alt was sort of Jack
pot put up by Mr.. Sherman that has
kept up the gambling in our money. 1t
was never needed to give strength to the
| United States. A country that has paid
in debts and interest more than $3,000,-
j 100000 in thirty years could not need the
|
support its credit"
Referring to the charge that the opin-
ing of the American mints to the coinage
of silver would make this country the
dumping ground Of the world, Mr.. NJ or.
gan said: "With some it is an idle ap-
prehension of danger, and with others
the convenient stalking horse of a false
prophecy"
Senator Morgan concluded as he had
begun, that the Democratic party was
the friend of silver sit is" he said, "s
safer guardian of the rights of silver
money than any other party, whether
Republican, Populist or mugwump
am therefore willing to entrust this great
question to their keeping and l shall re-
main at my post under that flag, as
have done for twenty years in the senate
and will do all that is in my power fol
this, the cause of the people,"
SEPARATE POLITICAL ACTION.
1t is Discussed by Silver Men at Chicago
CHICAGO, July 1S-The executive com
mittee, appointed by the recent silver
convention at Memphis met in conference
here today with the members of the bi
metallic league with ex-Congressmar
was the advisa bility of separate politica
action in the campaign of next year, bu
no definite action was decided upon anC
1t was expected that another meeting
will be held tomorrow.
Among those present today were J. r
Goodwin OF Memphis, Charles Coffin O
Arkansas, j. o. Ralph Snyder of Yves
| Virginia, Secretary Akler of Nashville
a