Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-05-23
THRONG AT MEMPHIS
Opening Of the Sound Money Con-
Vention.
MANY EAGER TO MEET MIR. CARLISLE
Address by the Secretary of the
Treasury.
PERILS OF FREE COINAGE

money convention has drawn a great many
people to Memphis who are not delegates.
out VINO are interested in the movement
ana the hotels are crowded 1t is safe I'd
say that every business industry of tho
rev south Is represented Secretary Car.
hsie heid reception all the forenoon al
the MOTEL He is suffering with a severe
coid but his voice did not seem to be seri.
ousiy affected, and he appears to be in
good condition
Inc convention was called to order at
. o'clock eastern timer in the big auditor.
luln' and In the presence of a vast audi.
ence of spectators
AFTER the permanent organization had
oeeh erected Secretary Carlisle was intros
duced and his appearance was greeted
with enthusiastic applause. and he waa
listened to with marked interest.
Talk of Friction.
1t is expected that the night session
will be devoted to considering thu
resolutions. There is already talk of poss
sihle friction In the convention between tha
radical gold standard men and those Wild
do not favor gold monometallism COM
gressman Patterson, who has engineered
the convention openly advocates commits
ting the meeting outright to the gold single
standard idea.
A number Of the members of the business
organizations which issued the call and
some of the delegates are opposed to going
to this extreme. 1t is thought likely that
the committee on resolutions will be com1
posed of Patterson men, but that the other
SIDE may raise protest upon the adoption
or the resolutions. Strenuous efforts hav{
been made to silence the opposition to th6
gold standard and 1t Is possible they may
succeed.
The writer has interviewed the leading
men of each delegation upon the state o1
SOUND money feeling in the south.
Reports of Delegates.
The Mississippi delegation is headed by
Congressman Catchings ana contains men
of every walk in life. They say that whili
the free silver feeling is high in Mississippi
pi, it IS not overwhelming. 1t is explained
that the approach of a state campaign Il
responsible for large proportion of th1
silver sentiment. Candidates for nominax
ton find it convenient to cater to what
they think is popular movement, and thu
agitation is Increased in this way. II I'd
predicted that after the primaries ther(
will be a cessation of much of the silve1
agitation. The sound money men in Afis}
sissippi are rapidly organizing and propose
TO thoroughly canvass the state immedi<
ately.
The Texas delegation reports that the freq
silver movement in that state is already
on the wane and vigorous sound money
governor of the state to negotiate soma
state bonds in New York and the New
York flnanciers' explanation of their re.
fusal to invest is said to have been a reve-
lation to the people. The New York capif
talists said they would not put their money
into the south while movement in behalf
of unsound and deprecated currency waa
being urged 1t is claimed that this busii
nj he 81 rms inn haS ynnr
in behalf Of sound money ideas there than
all the talk.
Kentucky delegates report that the con-
test between free silver and sound money
in that state is now in an acute stage, and
1t is hard to predict the outcome. They
say there is good fighting chance for
sound money, and that the prospects will
be sure to brighten before next November.
They believe Secretary Carlisle's speech
will have a marked and telling effect
against the silver movement
Alabama delegates report strong under-
current of sound money sentiment in tho
industrial section of the state. The farm
ers and the followers of Mr.. Kolb are said
to be almost exclusively for silver. -
Tennessee is admitted to be a free silver
state now, but in each community there is
a sound money nucleus, from which re-
suits favorable to sound money are antici-
pated.
Arkansas is free silver to the core, and
the sound money delegation is hopeless OF
any immediate change.
Georgia delegates give report that is
more general than specific. 1t is apparent
they realize the situation In that state to
be largely of silver character. They say,
however, they will open vigorous CAM
paign and will antagoniZe the politicians
with the business interests of The state.
Louisiana. on account of close peiationa
of the sugar-growing interests with north
ern capital, is declared to furnish a good
field for the propagation of sound money
ideas.
bankers Warned OF.
All of the delegates say the cause OF
sound n oney in the south will be hurt IL
the national banks figure to any extent in
the movement. There is said 10 be bitter
feeling among the people against rational
banks, and the leaders are advised to keep
them in the background much as pos
sible. N. o. NJ.
SECRETARY CARLISLE's REMARKS.
Impossible to Maintain Ratio Between
Gold and silver With Free Coinage.
MEMPHIS, Tenn, May 23.-In his ad-
dress to the sound money convention here
this afternoon Secretary Carlisle stated in
the beginning that the proposition to revo-
lutioLize our monetary system and thus
destroy credit of government and people
at home and abroad. violate all obligations
of all contracts. unset:le all eXchangeable
from the country and seriously obstruct
trade of the people among themselves and
with the people of other countries is one
which challenges intelligence. patriotism
and commercial honor of every man to
whom it is addressed
mo matter what may be the real pur-
pose and motives of those who make the
proposition to legalize free coinage Of sill
yer at the ratio Of 16 to L. said the Sec
rotary. these are the consequences in
volved in their scheme. and in my opinion
cannot be avoided IL 1t should be adopted.
In no part Of the country will the conse-
quences of such a policy prove more In
jurious to the material interests of the
people than In the undeveloped and pro-
gressive south
The South and Its Energy.
when the great civil war closed. your
industrial system was destroyed, your COM
mercial relations were all broken up, your
currency was worthless. your farms were
devastated, your mines were closed, youg
forests untouched, your water power waa
useless, and your railways were nnsafG
fny ha