Birmingham age-herald., 1895-08-21


 mists agree that where all com modities are based on one common com modity that that one commodity will change and not all the others.
 No country ever demonetized silver be- cause it was not on a parity with gold. l defy my competitor to name one which did. It was rascality that demonetized silver in this country in 1873.
 The last half hour of Colonel Denson's speech was an oration on the greatness of the United States in all particulars and their superiority over all other coun- tries.
 In concluding Colonel Denson relter-> ated the statement that he intended to hereafter stand with no man or party who opposed the free coinage of silver a1 16 to 1.
 Col. H. II. Brown.
 Colonel Brown said: T do not agree with Colonel Denson that the United States should now enter upon the free, unlimited and independent coinage of silver 1 do not believe the United States, IS great as they are, can maintain the parity of gold and silver at IS to 1. I do not believe that Grover Cleveland wants to take away the rights of the American people. I believe him to be an honest man, statesman, and I believe he is actuated in his conduct by what he believes to be to the best interest of all the people of the country The
  country, and their interests are due just as much consideration as any other class.
 l do not place myself above the dem ocratic party, and whether the party nominates a free silver or gold standard man I will vote and work for him. I am for democratic principles, and will not let this one question of free silver or gold standard drive me from the party. cannot indorse that kind of democracy which says if my party don't nominate my man I won't vote for the nominee. Free silver is not the only question in this country, although it is an impor- tant one.
 I didn't quite understand from Colonel Denson just why he thought it necessary for the United States to enter upon the free coinage of silver. I take it, though, that he meant to say there was not enough money in the country, and that silver is the money of the poor people. He compared the money of the country to the life blood. He said the demand for money was unlimited. Is it not possible to have too much blood in the human system? And in that case would not stagnation set in? It is the same with money. If flood of money is turned loose in the country, is it not pos sible thereby to have too much in cir culation? And in that case would not business stagnation set in?
 The natural law by which permanent values are established is supply and de- mand. You may dam up the Mississippi river and cause it's waters to run up stream a peiece, but you can't keep it running up stream. You will find it somewhere breaking through the bank and seeking its level. Advocates of free coinage clamor for more money and cheaper money. Alabama has had some experience with cheap money and she is now suffering from it's effects. The Alabama State bank was established and tbrpnVb this CiStIiDllt cd through the state. It made flush times for a while, but the crash had to come. and worse panic Alabama never heard of Three million dollars of the states present debt is due to that. We don't want cheap money. We want the best money the world can afford I am for the gold standard because it is the best standard. What do l care for gold or silver only as they subscrve the interests of the people? Gold is more stable in value than silver. It tiuctuates less than silver. If the blood accumulates in one part of the body and is not properly dis tributed then disorder follows. So with money, if it leaves one section of the country and accumulates in another bus mess disorders follow. The principal req son the money has accumulated in cer- tain sections of this country is the en- actment of the Mckinley tariff bill. There is more money on deposit in the banks of Alabama and in Birmingham today than on this day in 1886, when the boom was on US. Silver advocates say people hoard gold and they would not hoard silver. If the silver dollar was worsh more than the gold dollar the silver dol lar would be hoarded. In 1873 the stani ard silver dollar was worth ? or per cent more than. the gold dollar and few of them were in circulation. There was more gold than silver circulating in Ala bama a that time.
 There must be a standard for money. Gold is the best standard and has hcen so decided by the business world. The financial plan bases three currency dol lars on one metal dollaT We have S60o- GOO 900 of gold on a basstof three curren- cy dollars to one gold dollar. This would give us $l 800, GOO 000 Forty-four dollars per capita is not necessary to do the bus mess of this country. {To illustrate; France has $44 per capita. England has SIS; yet England docs a larger per capita tial to have a small volume of good money, sound money and good credit than to have floods of cheap money. When known abroad that we intend to have sound money it will give our securi- ties and our stocks standing abroad. Other countries will have confidence in us and will send their money here for investment.
 am in favor of the gold standard, but believe in the coinage of silver on the gold basis. The supply of gold will increase as fast as the population and the demands of business will require.
 mi I