The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-12
CLAY HAS THE SILVER CRAZE.
HE DELUDES HIMSELF WITH FALSE
HOPES OF PARITY.

Once Free Coinage Is Established
steve Thinks the Questions of Ra-
ito and Parity VIII settle Them
seIves-If the Proposed Experiment
should Prove Disastrous and sill
yer Bullion FaiI TO Rise steve
Would he willing 10 Go Back to "a
Gold BASIS.
Atlanta. Ca, May il.-Chairman a. s.
Clay OF the democratic state central com
mittee viii have an authorized interview
in to-morrow's Constitution. in which he
takes strong ground in favor Of the free
and unlimited coinage of silver. He de-
clarcs that It is the duty Of the Demo-
cratic party 70 take its position in unquali-
fed endorsement Of this policy. and says
that there is no hope for bimetallism in
the Republican party. He believes that
the financial question will be the over
shadowing issue in the next national cam
paign, the issue being between the advo-
Gates Of gold recommendation on the one
side and the friends of bimetallism on
the other. He says that it Is the duty
OF this government 10 at once restore sill
yer to its proper place as primary money
and argues that there can be no return of
prosperity in this country until this is
done. Silver should be restored, as ne ar
CUES, without waiting for the nations OF
Europe to act. The only possibility of Sc
curing an international agreement in his
opinion, IS for this country to first take
independent action, making the restora-
ton; the rest will come in good time
Chairman Clay talks at some length upon
matters of party policy. He is emphatic
in his reference to the dishonesty and I'M
fairness of the honest" money talk of the
gold monometallists.
Chairman Clay emphasizes his position
by declaring that he is the candidate for
no Office and has no public aspiration
Place silver beside gold, with the minis
open to the free and unlimited coinage of
both metals as primary money, making
both of course, legal tenders for the pay
ment OF all debts-in other words, restore
silver to the place it occupied before the
demonetization act Of 1873 says he. and
the questions Of ratio and of parity will
settle themselves. Il do not insist" saws
ne, that there should be free and unlin-
tied coinage Of silver If the value of the
bullion We're TO remain at the price it now
h3lds IN the face of all the unfavorable leg
i tbsf Whe since si5,. 1873 but do insist
lesislation and is given the same rights
ana privileges with gold. and is made prl-
mary redemption money then silver bull
non VIII advance in price so that the
SILVER bullion that goes into dollar will
! pc worth In the market as much as the
| Dulilon that goes into a gold dollar. Place
| IT where II was before the act of iS73 ana
! the demand for bullion will be such as
70 make the legal and commercial ratio
as ~ was previous TO 1873. The question of
| parity settles itself. Every true and loval
democrat who has the interests Of the
| people at heart owes IL to himself to
leave not stone unturned to bring about
! 70 quietly submit and ask for no further
| ieglslaton on silver means that so far as
me future IS concerned the single gold
standard is fixed upon the country and
bimetalllsm is forever doomed.
intelligent men who favor silver are
| lol IN IaVor OF deprecated dollar We
insist that when silver Is treated as gold
/ when treated as is right-not only will
| every dollar be worth every other dollar
put that which goes In with 1t worth
/ be more unfair, nothing more dishonest
| than the insinuatton in this talk of hon
est money'-the insinuation that anybody
4 1aVors dishonest money. 1t is the an
/ preciated dollar if any, that Is disbonest
| people," 'He
| Chairman Clay saws that he helieves an
| international agreement would be the best
| way 10 establish bimetallism but that can
/ never be accomplished unless this coun-
! Try taxes the practical initiative by def
mite action. He does not anticipate n split
! In the Democratic party over this ques-
tlon. he believes that the minority will &C
! quiesce in the will of the majority He
| does not favor the calling together of the
| state executive committee to consider the
/ financial question, but If the majority of
| the committee wishes it he will, Of course
| do so. He does not believe in making a
\ mans position on this question a test of
/ his party standing, and believes it should
| not enter into local or state politics.