Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-05-17
SOUND-MONEY TALK.
N. BoSss Addresses Our Business Men
% The Memphis Convention.
WANTS A me DELEGATION.
He Urges That Richs<eAd sead
rs epresentatives--c Finan-
cIai school s~esailIsn
ana Free colsase.

the Chamber Of Commerce In the interest
OF the sound-money convention to be
held at Memphis on the I'D instant
Judge George l.. Christian presided, and
in opening the meeting and Introducing
the speaker said that II very cordial
introduction on his part could ensure
the attention OF those present for Mr..
Boggs no words should be spared, for
he was convinced that II Mr.. Boggs were
known to those present as he was known
to hirn they would agree that no words
of commendation or praise would be ex-
travagant Mr.. Boggs. he said. was no
stranger 10 this city; he had been ushered
Into this world In this place amid the
strife Of the civil war. and many OF his
relatives stiil lived here. 1t was not, how
ever, from the fact that he had numerous
friends and relatives In this section that
Mr.. Boggs was entitled TO be heard. but
for the good he had accomplished and
the work that he was engaged In for the
benefit of the people. He had been for
number Of years the master -spirit of the
Young Mems Business League OF Mem
phis. and was. moreover, entitled to
hearing because he came to speak on
day. and to stimulate interest in the
building up Of sound basis in currency.
HIS FIRST SPEECH HERE.
Mr.. Boggs said that his feelings were
peculiarly mixed, and he was agitated
not only because he appeared in Rich
mond that evening for the first time in
eighteen years, but because he was non
plussed at the handsome and really af-
fecting Introduction by his kinsman. He
spoke sincerely and with deep feeling OF
the many old associations that were
aroused by his return after so long an
absence, and OF his great affection for
Richmond and all connected with IL, and
expressed the hope that he should some
day be able to return here He said he
was so completely tired and worn out
as a result of his persistent travel during
the last ten days that ne was scarcely In
ut condition to deal adequately with the
important subject on which he was to ad-
dress them. Furthermore. he had come
here to find that one Of the chief objects
OF his visit had already been accom-
plished by the public-spirited men OF the
Chamber OF Commerce. who had appointed
q committee to attend the sound-money
convention to be held at Memphis on the
23d instant. He said II would be remem-
bered by all present that this convention
expressed itself emphatlcally opposed to
whatsoever The Memphis Association
which boasts a membership Of 3.00o-called
this convention, he said, believing the
time ripe for such step. and that the
propagation of sound ideas and the inter-
change of opinion among southern peo-
pie on this most important question would
be brimful OF good results.
INTEREST AT OTHER PLACES.
Since he left Memphis, on May LIST, he
said he had visited Birmingham, Mont
gomery Pensacola, Savannah. Charleston.
Columbia, Augusta. aeon, Atlanta,
Charlotte. Raleigh, and Norfolk. Some
cities had been disposed to treat the mat
ter from a political standpoint, and every |
inch of the ground had been contested
with him. He did not think II was party |
question at ALL but question |
Of national, general. and supreme I'M
portance to- each and every man. Mr..
Boggs then gave a cursory review Of his
tourney through the aforementioned
cities. and said his experiences de-
monstrated beyond peradventure the fact
that the "free-silver craze has not
spread, and is vastly overrated. he had
met with pre-eminent success In securing
delegations, despite the vigorous crusade
against his mission by certain newspapers,
and had received most f1attering |
reception everywhere. At Savannah the |
Mayor OF the city was in the chair. and |
the City Council appointed delegation; |
at Charleston he found everything solid |
for sound currency, and at Columbia |
and Augusta the same spirit was mani |
tested, and the latter city appointed the |
largest delegation OF all the places he |
had visited. He succeeded also In Macon |
and Atlanta, and the only place he had
failed was Raleigh, and that under Pc
culiar circumstances
Raleigh, he said, Is an intense free
silver city, He addressed a meeting or
members OF the Chamber OF Commerce.
which adjourned to a .mass-meeting. In
this meeting he was met with the argu-
ments embodied in COINS Financial
School," which he would presently re-
view; considerable feeling was evinced,
and finally soma one in the meeting pro-
posed that a delegation be sent Upon
this motion to adjourn was made; some
one called out that they did not want to
hear from the "rogues' gallery" Knives
were drawn, and the meeting broke up In
disorder. Mr.. Boggs went on to urge
the Chamber OF Commerce to send
larger delegation than that already pro-
posed. AS yet, that appointed by this
City Is the smallest on the record. and he
would like TO see twenty-five delegates
from Richmond, instead Of three.
COINS FINANCIAL SCHOOL.
Mr.. Boggs then entered into an ex-
harstive comment on the arguments con-
tanned In COINS Financial School," and
pointed out what he stigmatized as It's
faIlacies. The circulation. he said. was
nothing In the East TO what II was In the
West He said books In lighter vein-viz.,
''Tribly," ct al.-attained the widest cir
culation. and argued, by analogy that
this financial school was SO widely dis
seminated because OF its trifing and
fippant qualities. He read letters from
Lyman j. Gage. John r. Walsh. and
u. Lawrence Laughlin. which were vigor-
GUS dsnials that these prominent finan-
ciers had ever attended these purported
lectures, and denying that they were cor
rectly reported In the discussions alleged
10 have taken place. He said the first
page contained some true and irrefutable
arguments on the science of money but
beyond that page the whole book was
palpable and fallacious fraud. The true
measure of value Is human labor, asserted
Mr.. Boggs. and he gave many illustra-
tons In support OF his argument. The
best measure Of labor is commodity
which is least liable TO fuctuation.
Coins" method. he said. informed the
farmer that the low prices he received
were due to the demonstration of silver,
but he ayerred that the alteration In
prices did not occur until several years
after the decentralization. Competition, he
SAID was the real reason OF the low
prices-competition in the corn markets
from Egypt. India, and Russia. There
had been social and Industrial evolution
since 1850. and he instanced electricity.
telegraphs telephones. ana other things.
and said that In order TO get high prices
Coin" would turn the wheels of progress
back.
MONEY BUYS MORE NOW.
Nowadays. he said. money would buy
four times as much clothing and ten times
as much literature and arr as II would In
the year 1850. Coin called himself BIZ
metallst. The claim OF the advocates Of
sound money was that the only way TO
have bimetailism Is to have one measure
Of standard value and the other mea-
sured by II. Referring to the S7ih-graln
silver dollar he said thar II was claimed
10 have been adopted because OF hatred
OF England, and said the argument was
childish and absurd. and subverted the
fundamental principles OF political econo-
my. That dollar was really the Spanish
mill dollar
In the course OF his journeyings Mr..
Boggs said he had met with a prominent
Hebrew from Savannah who had told him
10 tell people he wac TO visit In the course
Of his addresses that all his people want
q z,un1 s.,nra1