Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1895-05-30

representative men OF tine Southern
States assembled at the Auditorium this
afternoon to express their opposition to
the doctrine of the free and unlimited
coinage of silver and to declare in favor
of the continuance of present monetary
conditions. The movement had its in
ception early in April last in a joint
conference of members of the Cotton
Exchange, Mechanics Exchange, Lum-
Der Exchange, Manufacturers Associa
tion and Young Mems Business League,
all of this CITY, These bodies united in
the declaration that the time was ripe
for the propagation of sound financial
ideas; that sound and staple currency
was necessary in order to fully restore
and in the future,to maintain prosperity
among the people, and that an inter-
change of opinion among Southern
people on this question would be pro-
ductive Of good results.
Shortly after 9 o'clock Chairman W.
l. Crawford of the committee of fifteen
appointed by the mercantile bodies OF
Memphis, under whose auspices the
convention is held, called the gathering
10 order and announced the purposes of
the convention. Congressman Thomas
@. Catchings of Mississippi, was made
permanent chairman.
Secretary Carlisle was introduced by
Chairman Catchings.
Mr.. Carlisle. in the beginning, said that
the proposition to revolutlonize our none,
tnry system and thus destroy the credit of
the government and people at home and
$3.50, su' eaa,,a al, ox,,han%aabis y,inas
tracts. uhsettle ah SAcianseaoie Sa.uies
f euuee ,n' ,,,,y, al ssr;omsiv obslrnct
.saJa 81 o,,r raSnIo ,,rnnny Themselves
onJ win tbe naon}es Of nfIeT comntrirs Is
one Witch cbailonres inteiii5ence natrint-
;n,', and can,n,orc;s,I hnnor nf nyerv one 10
,shor,, Il 10 ,Sdrsssed M matter what mnv
Ea tha roaI rS,rnose ana n,otiyes of those
~ tIsn nronos;tion ~, IegnIi7e free
H. ,,""J ~ No. a. ,ho ra,in 5f III 10
Thasn are mo cnnsannenres involved in
iheir scbeme and in nv oninion cannot
haa,,oiIad II II sb%,,id hs adnnted
w '''o'ueI :. ~ ' 800 -. ',,a,.',so
USE OF COIN IN BusiNEss'
The Secretary reviewed at some length
the history oil the use OF goiu ana silver US
moneys and went on to say that the per
centage OF coin actively employed IN con
Quoting business IN this country is Sc
small that II Is almost ihapPreGla9le, A.
though we nave Eolu staluhru VI ,t til,s
eoIi.I n.y. ou' % 10 o,,Iv abant ane.thirG
anu wi, a,,,,i nt,rranc, candit;on M
" ~, ,,'h;"h y.n,,id have heen moor
hnal[s "hiSn "ouu ~ r,oId
S',ii ias,i tanIor silver olJ Tinted State,
iuii ieSr r.s oe s,ntss, hanL votes an
iute2, ill., -, a,,,,ro,oto 81 All
su1 ,sn ~ ia'si,'a ~ ,ba SS,sS;n6Sr coin an,
.uL,o', H.. oe ,biv ,as, an,nrnt IL tom
10y ~, ,,at,o 70 the s,"mdard estahlishe,
SIuaI :" '"'"e - -
ny law no,,orrr, norptr sr,Np,pn
~ - ,
TINS is tue financial cohdltloh whieh IN
advocates OF Tree Coiuaee al ~ 70 nov
propose to revolutlonlGe py Gh1nge u
the standard OIL Va'aei that 'ue w h nus
oil Circulation loI tle use ol tle Peopl
would be reduced 10 ABOUT ohe'nalt w
ulGhasims puwen ndvon r," IF irea cninog
.ill,t ~ oS oqfact' Of tIeir poIirv il moi +
ahnlish the nrpsent standard Of value an
srbs,itnte thr single standard in its place
IN, ~ II ,yni,ij establish what they cal
hmatoltisu, and a double standard, / cor
60 ~, irahiIitv IN understand what
meant nv do,ihie standard because / car
~, anrcsiye how IN is nnssihle 10 have NV
t,iTferant iegal measures of the same thin
at Tho same time-as for instance poun
wei"ling il; ounces. and another wefvhin
& onnces
o.r.s,nrn ppopostrtoN
,,,,,, ,,r;,;oz -, a,
.mh hiec If himetaIhsm Secretary Carlis
GnaH 30
,ri,hnnt The ro.operation of any 9th,
,,n,ernment shall nroyide bv Law that a
s;I'.o. huiIinn or Tnraign liver coins tn,
sn nn he nresentsd a. The minis h
imdividnals ar corporations. foreign /
Hnmas,ic shall he coined mt The publ
eDnsnse into silver dollars at the ratio
ar r.i,b ,,,lI and that the coins
t,oda sbaIl no deIivered 10 those nresen
IN" the hullinn and 10 ali the peopie of Ii
United States. But nobody else shall
oan,noiisJ hv law In reseiye them
SoiIdrs Of fnIi value An whn are indebt
,",,s ,bercfnr have the privilege of pavil
y, vi sii,ar ,,hiia ali 10 whom, we becon
i'aat,ad 49, haya Tho nri viIege of reou
,s.,,s u 80, ~ ,,oId
"H "' Y p' So ,,oor,
POOR MONEY WILL phiNh w "ooD,
The Introduction ihto tne cuIIenoy vi
country of any kind OF money about VIII
there is the least doubt VIII Always operi
TO drive out the same amount OF ABOUT
same amount OF better money anu IN
leave the people worth ABOUT the san
volume OF currency tney hau at tne peR
ning. Free coinage woulu apsolutely q
us deprecated and nuctuatlhg curIeIl
and the question as wnetneI tne prouuG
of eXportable articles VIII De Dehehtea
such u result.
WOULD DOUBLE THE COST.
Tho character of value of the c.
.o,,n,. 4, ,,se in the producing count
dnes not affect tbe price of the arti
ahroad m anv extent whatever. But
our money system we're so changed thai
would require two dollars to purchase h
what one dollar will purchase now;
exchange with foreign countries would
double, making us pay twice as much
our money as now, whlle the iorelg
would pay only half MS much IN
money for the same number OF dollars
Lz.