The times. [volume] (Richmond, Va.) 1890-1903, 1895-11-14
EX.SpEAKER CHAS. F. CRISP
He Addresses q Joint Session Of lhe Lee
islatufe Of Georgia.
FOR FREE COINAGE OF BOTH METALS.
lie Did Not Intend to Say That f" Man '" u"
Favors the Gold Standards Not"
Democrat, bat the VAST Majority Oh
Democrats are for Free silver.


Charles r. Crisp spoke before JOINT
soss,on of the Senate and the House OF
Representatives Of the Georgia Legs
nature tonight -,
lie had been invited TO address the Leg
isIature on the poiitlal issues OF ,he nay,
but confined himself almost chcluslses
TO the silver question. coming ant cihpha',
ically for the free coinage or Doth sold
and silver at the present ratio, ana urS~
ing that the Jnstcd States with her
seventy millions of people was suihciens-
ly powerful to establish bimetaliis;n the
world over.
His speech was received with the great
est enthusiasm.
Mr. crisp began by stating that OF
course 1t was understood he spoke as a
Democrat. The Democratic parry ~
born with the Government, economy IN
public affairs, equal rights 10 all ana
special privileges to none. for "a low
tariff. and In my judgment, said he
that stood for bimetallism and upon
that subject | intend TO speak. Any
thing short of the equality Of the two
metals at the mint Is not bimetalism.
Mir. Crisp then went into the history of
the coinage laws. In 1873. he said when
silver was demonetizcd. the bullion value
of the silver dollar was three cents more
than the bullion value OF a gold dollar
The law OF 1913 was passed without the
fun knowledge of the people. or their
representatives. He quoted from Thur
man. Allison, Of Iowa: Garfield. Blaine,
character OF the bill was not known that
II was not known at the time that the
bill demonetized silver.
TO RrHABILirATE SILVER.
lie followed this with an announcement
that from that day to this. the majority
OF the Democratic party had been work
ing 10 reha5 cate silver. The single gold
standard was a Republican measure He
analysed every vote on the silver ques-
ton, taken in Congress since 1873 and
showed "A of
Gratis had voted every time for the free
coinage OF silver. except In 1893, when
the proposition 10 repeal the Sherman
law was up. and AT that time. they ex-
pected to have an opportunity TO vote sub
sequently for q substitute measure. And
even then, there was but two Democratic
majority. The single gold standard has
never met with the approval of the
majority OF Democrats Of this country, he
asserted
There was no advantage in having sill
yer as money. he said unless il stood
upon its own feet. He stated he did not
intend TO say that a man who favored
the single gold standard was not
Democrat. but he did mean to say that
the vast majority OF the Democratic
party had always been in favor of the
bmefallc standard.
Mr.. Crisp exhibited a small piece of
silver bullion. which he explained could
not be used as money in any way.
II would not be used with which 10
purchase commodities. but If there was a
law allowing it to be taken to "A mint
and coined. then everybody would want
II.
dollar should be a dollar. The way TO
establish the commercial value of silver
was TO restore il by legislation 10
money-status 10 rehabitate II.
sixrErN 10 on.
Coin it at the ratio of l6 10 l. That
would re-establish its commercial value.
He Illustrated by showing that when
the Senate passed a free coinage bill sew
cral years ago the bullion value of silver
rose twcnty-three cents an ounce in ten
DAYS IN the London market.
you need not be approhensive Of any
flood OF silver he announced. There
was no country In the world that would
ship its silver here TO exchange IT for
gold. We had gained gold under the op,
pressions OF the Bland Allison law and
under the sherman law. I believe that
the United States is sufficiently powerful
10 establish ratio between gold and
silver ~
cold he held. was too valuable. He
claimed gold had appreciated. and argued
his claim by comparing its purchasing
power In commodities now ana before the
characterization of silver.
"Our people should be the pioneers In
restoring money metal which has been
used for all time. but recently stricken
down The stamp upon a silver dollar
does not make IL more valuable I'm an
other country. but the right OF the silver
TO be so stamped increases its bullion
In speaking of the value of cotton. he
said that though the cotton crop appre-
ciated 80 per cent. in the decade before the
war the price increased 40 per cent.
Though the croD increased ny TO 1873 the
price also increased but after 1873 the
nrice of cotton deprecated because of
the approaching value OF gold.
L,ss MONEY THAN A YrAE 100.
He read from the Novem Der report of
the Treasury TO show that there was
S75Ooo0c0 less money in. circulation now
All things being equal. the price az
commodities is regulated by the amount
of money in the world. He argued
against paper money, because legislative
bodies might be tempted at times to in
fate the currency.
fight for free silver. he said that he re,
mcmbered when forty lNem"c~afs 90
stood up I'm Congress and voted against
tariff reform. BY their AID tne Ia, .,'.ii-
cans had stricken out the enacting clause
of the Morrison bill. But the Democratic
and had finally won. They had not got
ten all they wanted. but the tariff laws
now were Infinitely superior TO the laws
of few years ago.
Under the present financial system
wages and labor had gone down. The Re
publican experiment of single sold
standard had not worked TO the benent
OF the people OF this section. Let us re-
turn to the bimctallism Of the Demo-
cratic fathers. Look around YOU and you
will find in our poverty a movement OF
the single gold standard.
THE Mkt DIMOcHArIC CONVENTION.
In speaking of the next Democratic
National Convention. he said Georgia
should define her position on this hnan-
cial question. one of the questions 10 be
decided was the retirement OF the $4,000,
zoo of paper money. If the single gold
standard is 10 be perpetuated that money
must be retired.
In the Democratic Convention. he be
Heved tina, the views of those who elect
a President should dictate the platform.
He vigorously opposed the bond policy
OF the administration. lie believed the
treasury should have paid out silver
when the gold run was made upon Il.
That would have stopDed the raid Eng
land dictated the gold policy. The United
States had the power 10 change II now
to establish bimctallism throughout the
world.
If the United States would go forward
IN financial legislation as II had gone
forward IN It's nght for liberty one hum
dred years ago II would render to man
kind at larre greater blessing than was
rendered when we taught them that
Il. I.lt