The times. [volume] (Richmond, Va.) 1890-1903, 1895-05-24

few references 10 bis notes. lie was lis
tened to with profound attention. inc
audience being apparently ANXIOUS 10
grasp and follow the trend Of his argu-
mtuts and fho mass OF figures with which
it was supported and there were rev
Interruptions Of approval until toward.
tho close. Then when, with qulFerlr'
forefinger, he declared that the hard
earned savings of the poor ought lot 10
Dc sacrificed 90 the avarice Of the wealt Thy
mine oWner'~Qr the ambition OF aspiring
politicians. his hearers fairly went wild,
ana when I'm bis peroraiion. he urged
that there could Doe no prosperity Tor one
section at the expense OF the other, but
that AN must stand or fall together. 10
looked for a moment as though the en-
thusiastlc audience would storm the plat
form. He was given final ovation,
and recess until o'clock was at once
taken.
Secretary Carlsles speech will be
found in another column
TIE REVOLUTIONS
The committee ON resolutions went into
session with John Ross. of Lite Rock. as
chairman, and when the convention re-
assembled at 500 10 was presented with
the following platform ana resolutions.
The people of the southern States VINO
believe the maintenance of a sound and
stable currency to hc essential 20 the
prosperity of the whOe clOuntry and the
welfare OF the people IN an OF the vOca-
tioDs of life. do. through their representa-
lives in convention, assembled ln Mem
phis on May %. lSh. make the following
declaration Of their naturcd convictions
First Believing "a uniform and certain
standard OF value necessary TO the asrl-
cultural commercial ana industrial de-
Vciopmcnt and prosperity of our common
country. we favor the maintenance of all
out money. whether gold silver, or
paper on % parity 10 the end that each
dollar. Whatever Do may Dee its compost
ton. shall have equal purchasing ana
dcht-laying power with cVry Othcr dollar
H .HHI l.. moo I.H
WASHINGTON, jefferson. and Hamilton, and
the teachings of the great students OF
monetary science from the time When
John Locke wrote the discussion 20 the
present day. we accept the principle now
universally recognized ana applied in the
commercial world. mat the hlmtlalllc
standard cannot Doe maintained where ihe
ratio fixed by law for the iree colhab,
of eOli and silver does not correspond
with The market value OF the two metals.
And wherever or whenever ihe itsdi
coinage ratio varies from the market OF
commercial ratio 20 any aiprcciaple 'A-
t.nt the dollar. whether Of gold or silver
which thereby becomes more valuable as
bullion than as money VIII 20 10 a pre-
mlgm and retire the circulation. We saw
This principle applied ln our own nallolial olia
experience. when. under the law OF l''-,
which fixed the coinage fdlo at 10 10 j.
gold retired from circulation because OF
Slight decline in the price in the open
market whereby the bullion ln koln
dollar became woarth "a few cents more
..NN |0N|N
lhah ihe eu,ll"n ii +" 9''' .o,,moIify be
"on' & ,,'"' '.'I ,,,,,.. ne briifon Than
'A"a' l' "'' ,,,.i.~ ti,e act of
KS Hpn,f, e4..i, " ~ s ~, ,f ~, 1e +n when
i1'f M"i'" "N'" t'.' +t.,, f,r "a
,4' sil' H. ,, ,f.raTore onposed
.ln' li,Dit Ind inienendeut
~ '.', ~ ii,'- ~ The raffo of f6 TO
,,.,,7 v,.' the ,a3rtet or commercial ratio rs
W. t,, IN ~ and The difference be
.,, a.. Lnilf.n ,.alue of rod and a
,W in. ,Io,,t Grt, cents ON the
tr.t -.,.b ,rtion Instead of re-
' I,. hi,.,.t,lii.. standard would in-
ir ,i+ t .tt,..r ,,.,ror,af9llisrn
'f''"'i' '' ''' ''''
IANic ANp pIsrhtaS WOULD Hh0'Di'
Al This time there is no country I'm TIE
world which maintains the bmeiall-c
standard. and neither is there any coun-
fry where the free coinage of silver ou-
faius which b. not Ou "a silver basis. Edcn
country. ON account of its inability 10
adopf independently any bimetalNc stand
arI must elect for itself which 10 prefers,
the gold or the silver standard w Nc
therefore favor lu the absence OF inter
national cooperation. the retention ana
maintenance of the eXisuug gold stand
ara. because a change from the gold 10
the silver standard would nave the eHtrt
Co rcpudiate all pubic ana prFlt oni-
CATIONS 20 the extent ol inc uill'''"tr
between the bullion value OF lhe toln
and silver dollars because whenever iucH
condition should uc seriously lhIcaltH'
it would cause am immediate altmnt "t
a collection and liquidation of all debts
BOO anticipation of the result II "oulH
produce. because such transition from the
public and private confidence ana "oliu
furnlYe the country lu such panic. con-