The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1895-08-15
Is RECEIVED WITH ENTHUSIASM.
Large Audience Gathers at Gaines
y Vile to Hear Him.
FREE COINAGE IMpRACTICABLE.
It Would Dive the Country at Once to
Monometaltsm and Produce Dis
astrouS Results.

Hon. Hoke Smith, in obediencs to a re-
quest from number of the citizens OF
Hall county, delivered a speech on the
currency pro blem in Gainesville, on Tues
day, July 23,to large and appreciative
audience.
Judge Kimsey adjourned court at II
O'Clock, that the speaking might take
place in the courthouse.
Secretary Smith was escorted to the
courthouse by the following committee
in carriages: j. W. Oslin, r. E. Greer,
c. G. Sanders, S. G. Dunlap, f. M. john
son, j. E. Murphy. Then ]. J. Gaines
and T. NJ. Johnson, Hall county's repre-
sentatives in the legislature, escorted
him to the stand
Judge Kimsey presented Judge Ell. Fl.
Perry, known in all North Georgia as
one OF the bI ainiest and sturdiest young
democrats Of them all. who introduced
the speaker of the day.
Judge Perry spoke with earnestness
and force. He said that he thanked God
the people had a man with them today
to discuss the great issue OF the hour, who
dared to do right, whatever were the
consequences. He referred to the cam
paign OF 1892 when heintiuencs Of Tam
many Hall. which was seeking to force
the nomin alton of David B. Hill, was be-
ing welded against that fearless cham
pion OF tariff reform, Grover .Cleveland;
When the Georgia state convention met
there were some men in it who bravely
stood for the right, and foremost among
them was Hon. Hoke Smith. Gap
plause.)
"That was great day for Georgia."
he exclaimed, "when Hoke Smith saved
the state for Cleveland" (Applause.)
SNOW" continued Judge Perry, "another
issue is upon US and the only bulw ark
of the people is that grand democrat,
Grover Cleveland"
He congratulated the people
that they had with them so able
and distinguished an advocate of the
policy of the president as Secretary
Smith, whom he took pleasure in pre-.
senting to the audience.
Secretary Smith was loudly applauded
as he rose to speak. His audience was
evidently there to hsten,to be instructed,
to think; it as not a noisy audience, but
the secretary closeness OF attention,
and displayed discrimination in it's APP
plause in the highest degree compliment
AIRY to tho thoughtful character OF his
remarks.
SECRETARY SMITHS SPEECH.
Secretary Smith said:
81 am here in response to your invitation
to discuss the financial problem l aha II sup
oppose the national platform of the popu.
lists a Chicago. in 1892, the dem ocratic
party, by it's representatives for the entirs
Union, voted down cverw helmingy the
proposition OF delegate from Colorado to
insert in the platform the ord 'frse," W hich
would have made the platform declare for
free coinage of silver. The platform adopted
when honestly construed, C 3H ned the fres
coinage of silver at 16 to 1, and the DELE
gates, on the first ballot, nominated by a
two-thirds vote as the standard bearer of
the party one. who, in 1885. by d message to
congress-, had opposed both the free coin age
of silver ard the Biand-Allison act, and who,
later. February 10, 1891 as Il private
citizen, in public lste--, declared the expsri.
ment of free, unlimited and independent coin
age OF silver to be dangerous and reckless.
This nomination emphasized the repudia-
tioD by the convention of The free coinage Of
oliver.
ikBAilt ME- RTo W Ludl lulS ACTON Vi tno
democratic party ID in perfect accoI d with
the teachings of Jefferson and Jackson, but
am unwilling TO waste time follow ing tho
wordy harangus recently delivered in our
state by that patriot who served his country
abroad WITH, "z,s distinguished success
the appointce OF President Harrison in the
protection N fur seals.
'We have been through panic Times
have Improved. WITHOUT stopping to
count for the panic it should be borne in mind
that paniss have occurred about svery
: twenty years. usually accompanied " it'll dis.
trust of the kind of money used. Every panic
has developed u party in favor ofbad m onsy,
but with returning prosperity be party has
died. Relief from panics has always come
through restoration OF confidence, not
through bad money"
THE FUNCTION OF MONEY.
Continuing the Secretary said in part:
Money is a device to facilitate the
change OF ommodlties Property is ex-
changed for money that the m oney may be
exchanged for some other property. It's use
10 to enable man having property who
does not desire to keep it to obtain some
other property which he wishes to procure.
The more universally recognized. therefore.
the val We Of che money and the less bulky it
is to handle. the more completely will it facil-
itate exchange. Shells, skins, tobacco, have
been used as money. 1t was the actual value
recognized IN the com munlty ana tnelr value
at tn ose points here the people of the CON-
mu1ity traded that m ade them serviceable.
Cold and silver are better than shells, skins.
tobacco, ON account OF their more univer-
sally recognized value and on account OF the
tact that the7 are easier to handle.
The Secretary showed thst it
was not the stamp OF the government
but the value of the thing itself
which fixed its exchaugeabls quality.
Confederate money had the stamp of gov.
ernment on II, but the fact that the govern
ment did not have the ability to redeem the
bills in something Of actual value destroyed
Its exchanaeabIe quality. The gold coins,
however OF the Confeoeracy, are perfectly
good sti although the government has
ceased.
TINE FOR BAD MONEY SCHEMES.
Paper money is good when the govern
msnt is able on present alton to carry out Its
promises TO redeem II In something OF actual