Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1896-04-02
OUR CURRENCY.
Secretary Smith and ex-Spesker
Crisp Meet In Debate.
SOUND MONEY AND FIR 3 COINAGE.
the sz.speaker Of the House the
Lattss-Ths Leading Points
IL the Discussion.

AUGUSTA, Ga, April mo political
event has 70 stirred the city and IL
surrounding territory Is the financial
debate between Secretary Hoke Smith
for sound money and ex.Spesker
Charles +. Crisp representing free
coinage, which occurred here last
night After . short introduction BY
Chairman Doupherty, Of the county
executive committee, he introduced
Judge Crisp, who spoke Is follows;
Mr.. Smith and myself are both democrats
we both expect TO earnestly and loyalty stand
by the democratic nominee, but Just now the
policy Of the democratic party is TO be formed
and Mr.. Smith and differ on one important
question We differ about money. There are
certain principles relating to money which ct
the outset you should clearly understand. II
you will bear In mind that the value Of money
Ia regulated by the demand and supply Of Its
exchange for commodity you will have the first
step In determining this great financial ques-
tion. There Is no such thing as an interna-
ti0nal money. no money will circulate In oil
countries This Is mere platitude. In l7ps the
governments Of Europe had the ratio Of fifteen
to one, and the United States formed that ratio
as their basis Of coming the two metals. That
was right In i7p2
Bimetalllsm Ia described BY every writer o.
being condition when both metals con be
coined legally Ut mint by ratio fxed by law
with an equal purchasing and debt paving
power Up to the year 1873 this law was In
force silver and gold were thus linked together
and were the measure of commodities. ANY
other condition but this Is Injurious TO the
people and only benefits those who have
money TO lend,
When France coined the two metals at the
ratio Of v to and the United States at q
ratio Of 10 to 1, oil the gold came to America.
Gold goes where 1t can get the most for itself.
Up to 1873 there was no great divergence In the
ratio Of the two metals sometimes one would
be worth a little more and sometimes another
m 100 'ne unl.ea ssa.es aemo mon slvei
yocste is old N or truthful enough to rscollect
There are none Of them who will boldly tell
you why The real reason was to decrease the
amount Of money ana increase me value OF
as,nonstira,ion ., silver IN iS,s nr,css 40.
creased. How could they help H. when
money was decreased and the commodi-
tles increased In lw me Bland
n NAV" 10" wa ps.so" ""a nsso vs. 70
'o os. ~. "onp " a.'V's."s sno .a"k ps'V's
low .n' oaeI"sn NV. sn "1s p ,sao anu ~
,s" ",s popa .e :" ' 49, s snss ~
rsoa' 1s ,m saa. 'A, ~ W.. o. . 10y
oomnio u,.. .avlos'ns ~ sao iass = yess'
o'o's ."uu,s.y w s.o"y Wv ana. nuu.y ~ ~
o.oea.u M. w s.o p..oos o.s"aU. ~ .v'
vu'pu- ino lesovn WY .u0s s"s snso. Nv. ~.
.a' 10 ony Wo,.a ~ OOn.' 40 =" ao0ouus y. .a's
Wy uo ,', W w. '"'o.' "uu '''U s",o'
uons. WI !" Moh Nv oo"'' "non sno W
n'oa ,e 20 "'pca ouS u 'ous "s"on'
Ovu ,". n,sso ,.so ana He0p ~, W. COUNTY,
ny" n wv. :" .oSo w '"' ''1'' ''1'1
w ~ lno 'ou. 'u'a Nv nsu'0'
Mr. Crisp closed by reading statistics
regarding the number OF manufactur.
inn and other industries In the ITnitad
81. IL -. II -
oo"'os, ~" Nv" ""o" '"iSe' '"oJ
were IMAM European countries
When Mr.. Smith was introduced the
recention was eouallv as enthusiastic
:, .t.. uo,d.u.a "a M. cu;sn A..
=" Us '""' ''",sN
thanking tne people Tor thelr INVITA-
ton to him, he said
In opposing the free coinage OF silver, / want
YOU TO distinctly understand that make no
fight on silver as final payment and as legal
tender. When we oppose this plan Of free
coinage at 10 To / we do so because we
do not believe that 1t will give YOU what YOU
want In the first place. let us see how much
money we have now and had In 1879 In 1873
we had In gold and silver $3.50 900, 900 and now
We have I.l77,0J0OOO eight times rs much
money as we had when silver was demonetized
The advocates Of free coinage mislead YOU
when they say that we wish to contract the
currency and that we do not wish silver dollars
to he legal tender
The gentleman reports Mr.. Cleveland as saw
ing there is u difference between currency and
standard but the gentleman misconceives 1t
curTtncy chn W Cnechs, uue uiiiS sllNcr Vi