The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-10-30

form national bank and If they are such
money makers why is it there are not
more of them? One centralized bank in
Washington is the new idea. They pro-
post to quintriple the trouble now exist
ing, that of keeping up a gold reserve.
Ihere Is safety in diversity
of banks, and ruin in a CEN
tralized bank at WASHINGTON
From 1873 to 1888 the United States was the
most prosperous nation in the world, and
was the richest nation on earth All at
once there was crash and business de-
preston. He did not think that coun-
try that spent so much for drinks BIZ
cycles and theaters is in a despairing
condition. The cause of the business de-
preston was easy to see.
He argued that the adoption of the
gold standard was the beginning OF
England's prosperity and was response
BILE for her commercial position to-
day.
The United States by piling up $1,000 900
of silver in the treasury, he said,
and continuing to add to it, alarmed the
world, and caused the people of other
countries to endeavor to secure gold for
their securities and caused the finan-
ciers of this country to lose confidence
in the ability of the country to pay in
gold. He Illustrated the value of active
money by the story of the minstrel show
where one dollar was made to pass
around until IL pald 30 worth Oh debts
and landed where it started.
The per capita circulation of the coun-
try, he said, was the greatest that it had
ever been and all that was needed was
confidence to make it circulate.
If they were boilers, he said, they were
boilers from form and not from principle.
IF they have taken the heart out of my
sweetheart" he declared, ''she is not my
sweetheart any more"
ttXNa ara keaDipor the salt w sb
save Them" he said. 1--WE are the lifeboat
which shall bring them safe to shore
again.
Capt. w. NJ. Hammond of Townsville,
was warmly welcomed. He expressed his
pleasure at meeting with the Palmer and
Buckner democrats of Savannah. He had
been afraid that he would be read out of
the party and a summons to meet with
such democrats was almost equal to a
command. He declined to have his demo-
cracy passed upon, he said, by an aggre-
cation of populists, free silverites and
renegade republicans. The leaders who
had been nominated by the old time DEM
who had never feared to follow
their convictions to the cannon's
mouth. His creed upon this financial
question was very simple, he said. He did
not think 1t was necessary for a man to
understand the Westminster catechism or
the thirty-nine articles of the Episcopal
church in order to understand the eighth
commandment.
The crowd saw the point and applauded.
The audience enjoyed Capt. Hammond's
characterization of the Chicago conven-
ton and platform, and the fun which he
poked at the free silver leaders. Why
should the innocent women and children
be punished for the crime of '73 he asked.
Why not punish the criminals. w. NJ.
20 Of
Nevada was another. Teller's skirts were
not free from it.
For his part he protested in suffering
for the crime which somebody else had
committed.
Like the other speakers, he did not think
much of William Mckinley, but predicted
the defeat of Bryan. He would cut off his
right hand before he would vote for Nc
Kinley. he said, but he would cut off both
hands before he would vote for Bryan.
Cant. Hammond proceeded to cite some
instances in Mr.. Bryan's career to show
that his record as a democrat had not
been as regular as he would like to have
people believe now. He attempted to snow
that Mr.. Bryan had been more OF popu-
list than a democrat during the last four
years. -.
an injury to public policy, but to public
morals. It would make the entire public
partfcipators in a gambling scheme. He
cited Instances Of its fluctuations in the
past to show what might be expected or
it in the future. The whole business was
absolutely absurd he said. He condemn
ed the position Of those democrats, who,
believing in sound money, yet proposed to
support Mr.. Bryan. He said that he
hoped there would not be one of this
character in Savannah on next Tuesday
Capt. Hammond was frequently ap-
plauded throughout his address.
At its close Mr.. Anderson announced
the meeting adjourned.