The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-19
SILVER THEIR ONLY SLOGAN.
continued from FIRST Page1

aHrrlr while we SuguAQ welcome the CO.
,..-s-fon Of other nations, we believe
~. me United States should not wait
.--- the pleasure Of foreign governments
~ --. consent of foreign creditors Jut
r-5rI themselves proceed to reverse TIE
.--.r5.ng process that Is destroying the
r~,s.erity Of the people and should lead
81 -f.ir example the nations Of the earth.
'..rtlt the rights of the American peo-
IL the interests Of American labor and
r. rrysperity of American industry have
a. rfeher claim to the consideration Of the
.s,rI.'s lawmakers than the greed Of for
-tsr creditors, OF the avaraiciOus demands
made hy the idle holders Of capital. The
sent 10 regulate its own monetary sys-
I'm En- the interest of its people is a right
which no free government can barter. sell,
or surrender. This reserved right is a part
Of every bond, of every contract and of
every obligation. No creditor or claimant
can set up a right that can take prece-
dsne= over a nations obligations to pro-
mote the welfare Of the masses of its own
r.ofIe This is a debt higher and more
bIrlng than all other debts, and which is
not only dishonest, but reasonable to ig-
more.
Resolved. Further, that public Office Is
a public trust; and that the use of public
patronage for the purpose OF moulding
public sentiment insthe interest Of pluto
craey tends to sap and destroy the rights
and liberties of the masses.
Resolved That we call upon the peo-
pls Of this state to organize in every coun-
~ and militia district with the object in
view to secure representatives. state and
national who viii favor these principles
ami who will in good faith carry them out
without any straddling or evasion.
"And TO this end the chairman Of this
convention shall appoint a vice president
from each congressional district, with
two from the state at large, subject to the
ratification of this convention. Each vice
president snail see to the organization of
bimetallic clubs in each county in this
state and each county shall see to the or
gaaization of the militia districts and
wards Of their respective counties and ci-
ties
The said vice presidents shall consti-
tute the state executive committee of the
bimetallic clubs of the state"
In conformity with the instructions Of
the resolutions, President Walsh an
uounced the committees.
Addresses We're then delivered by Hon.
James w. Robertson. ex-Con-
gresham Henry H. Carlton, and
many others. Among the speak
ers was Hon Hewlett A. Hall. the
law partner of Gov. Atkinson, who is still
confined from his recent dangerous at
tack Of appendicitis.
A commotion was created at the after
noon session by resolution condemning
President Cleveland financial policy, in
troduced by x-Representative Mcbride
Of HARRISON county. While the delegates
were evidently rabid on the subject of
silver. there were enough conservative
ones among them to vote down the reso-
luton, and when he realized that it could
not be passed. after a confused wrangle
of some minutes, the author was allowed
to withdraw his resolution.
AT 6 o'clock. the convention, amid much
enthusiasm, adjourned sine die.
At IL o'clock this morning the conven-
ton took a recess to hear Senator John It.
Morgan Of Alabama, who spoke in grove
near by He spoke for three hours. Ex-
tracts from his speech follows:
No money but gold and silver coins can
bear the strain of a domestic war when the
whole country is involved 1 therefore
discard these instances from the argu-
ment and viii not discuss what money Is
sound except in the sense of being equal
IN current value in the United States,
where our legal tender laws make equal
every gold, silver and paper dollar issued
by the United States. 1t Is paltry accusa-
ton or an unworthy fear to speak of sound
money as being issued by country whose
bonds are at 20 per cent. premium; that
has maid nearly S., OO0000O00 on her public
debt in 80 years and whose resources defy
encouragement and whose people pros
IN spite of laws hostile to production and
the wages of labor, and triumph over
every adversely.
I will try to show why this broad state
ment is true, and what is the real source
Of our financial power and the best means
Of preserving it.
Our annual yield Of gold and silver va
Ties but slightly from S100.0O00O0 a year.
If we owed no debts this annual sum, in
legal tender coin, added to accumulated
money would be ample to keep in opera
ton and reward with profit every industry
that our population needs. But We are
deeply in debt-not from necessity, but to
sustain a rapidly progressing development
and as that debt and it's growth by way
OF interest must be taken care of, our
attention is, therefore, drawn first to this
need for legal tender money, aud the sec
ond necessity of increasing it's volume by
associating 1t in banking with public or
private credit
The government of the United States
cannot make money by mining for gold
bullion, as any person may do by dig
sing gold at Dahlonega and having it
coined at the mint, as the law now is.
The mining must be done by SOME man,
ana the gold is released from it's prison
in the rocks at the point of his pick;
and when the gold is thus obtained the
miner finds a mint provided by law, with
sworn superintendent, and he demands
mat his gold shall be coined into money,
and 1t is done, and the coin is turned over
TO the owner of the bullion as a grist
Or grain made into flour, is turned over
70 the farmer who grew the corn or wheat.
ne miller does not own the flour, nor the
wheat, nor the corn. The ownership has not
been affected by the process of grinding.
80 1t is with gold at the mint. 1t is the
uuty of the government, under the con-
sutution, to coin this gold into pieces of
certain weight and fineness and to put
a certain stamp upon them. Now, hold
mat the government cannot coin this
miners gold and hand it back to him and
then say to him that he shall not use
II IN the payment of his debt unless his
creditor shall agree to accept it. Such
provision would annul the whole value
u gold coin as money and would leave
~ as bullion. weighed and stamped, but
sun not converted into coin to be used
as money.
now the pivotal point in this act of
converting this bullion into money is the
.mparting a coin value to it, so that
IL becomes the redeemer of promises-of
an promises-to pay money. That means
mat there is given to the bullion, by the
act OF coming it. the fat or guaranty, of