The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1896-05-04

he doesn't want to remonetize the stand
ard dollars because some men would make
fortunes out of it. or in other words nave
10 per cent added to their money No at
all The Bland bin is a very stupid one,
it is true But il is in the right direction.
and the only change | would make in II
would be TO require the government to buy
bullion and let the people have the benefit
of the percentage upon coinage. They can
not coin all that is produced and they can
limit and regulate its coinage to suit the
demands of the times. But Mr.. Hill, TO
keep from making 10 per cent for a few
people. is willing to take 10 per cent from
the money of the whole people-mOre htan
that to add 10 per cent to the whole amount
OF their Indebtedness. II Mr.. Tllden Is
right in his figures the public debts OF
the country amount to S7,000Ol0,UjO liy
Mr.. Hilrs plan we are to pay the creditors
a bonus of $7O000O.000 more than We ac-
tually owe them. Nobody but a nation
of fools would think of doing such a
thing as that. The proposition is too fool
ish TO be worthy of a stateman
How do you dispose Of the taik ABOUT
national honor?"
"Oh. national honor be a.. What is
the national honor? II is the faith ana
honor of the people. and they are guardians
of that. How can the national honor
or the national credit be impaired by a
strict and honorable compliance with our
obligations? The constitution Of the United
States saws that no state shall impair
the obligations of contracts. Neither mas
congress any power TO impair the onllEii-
ton of contracts. Those are liked tacts'
hut now does congress propose L" Apply
them? MI. hin and n > associates seem
to hold that it would be no violation OF
the obligation of the government TO pay
the bondholder 10 per cent more than We
him. hut il would be repudiation-
a "a
we owe. Wen. now ! am not in favor
of paying him less than is his due. ana
that. as ] have said. Is fixed m me race
Of his bond. Anything else would be a
reelection upon our national honor ana
national credit. II is as much as impar-
ment of the obligations of our contract
il is TO pay : cent less
Subsidiary Silver.
Upon this subject General Toomhs said;
81 have just read an article by Nlantou
Marble in The North American Review.
in which he says that silver was seally
demonetized in this country by the act
of 1873. That is not true. | was on the
ways and means committee al the time
and drew that very bill. and passed it
after much discussion. The truth is that
the bin made no change i'm the coinage Of
the country. The reason of that act was
this: Silver bullion was worth more than
the coined. and men were buying up our
half dollars. quarters amt dimes, throw
ing them into the melting pot and eN-
porting them. We had no chanse i'm the
country and the people We're really in
want. England had suffered i'm the same
way and TO correct the evil had reduced
the value of her subsidiary com . per
cent below the standard simply adopt
ed the same rule Tor the purpose 81 keep
ing the coin in the country. Tho act
passed and the result was reached"
"How was that reduction made?
1T was made by reducing the amount
Of alloy. The same amount OF silver We
used and the only difference was the
amount Of alloy uscd.
silver said General ToomhS mas az
ways been the money Of the people. 10 IS
the currency Of those whom the French
call the proetaiTc-the wages men u IS
more convenient than gold. \ So'd Hol-
lar was tried i'm this country once. ana
had to be abandoned The subdivision
is too small to make il useful Nearly all
of our usual transactions are small M
amount and we want = ready, convenient
money. II is 50 in al countries ana
must be SO here. There are million
transactions IN this country IN silver 10
one i'm gold. when used as currency, ana
that shows the popularity of the metals
wouldn't the reconciliation open IN"
way 20 an influx or tho demonetized sill
yer from other countries
II don't care If &c does 7 want all that
silver from Germany 10 come hero. We
have sent them enough gold i'm tho last
seventeen years, and IF we are willing TO
"a
them, we Will De comforting double
benefit upOn them No. the truth IS that
when silver is ramoHetiZed its value VIII
hc regulated quite as fairly to all men
as the value Of gold is now
what viii be the effect Of remonetiza-
tiou upon the people,
Good, We viii have the currency null
tfplicd and there viii hc more room for
enterprise a greater demand for labor.
and more money i'm the poor mans peck
81 ON Saturday night. The effect can not
but he beneficial 70 the whole country
'sDo Won think Ha-es Will veto liz.
''No. 7 do not think So Tn" whole
iect and tho demonstration has been be
vond what he or any other man expected.
IT,. can hardly dare 10 0v in tho face 90
the overwhelming desire Of the people.
This is not % question like that of tho
.,..na,l of tho resumption art- A~ai1~t
of bis acceptanee Of tho nomination down
ia his last public uftaranre~ 10 rou-
gross. lie will veto that and { don't
believe congress can pass 30 over his
yoto The silver hill thcv cau pass. and
n, is able 10 sign il without incons.St-
..vrbat would 10 tho effect of remone-
tization with the resumption act en-
at would he practical resumntion with
something to resume en-. don. think
IL would make mUcu difference anyway
As 10 grcenbacks the general is in favor
OF making them "A full LEGAL tender for
all debts duo tho government
General To0mbs spoke MANY other in
tercstfrC facts upou This subject. We
hope that he viii address Tire people upon
this live topic.
WHAT LAWSON SAID.