The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-04-02
THE SM|TH.CR|SP DEBATE.
THE DISTINGUISHED GEORGIA
DEMOCRATS DISCUSS THE
MONETARY QUESTION.
Mr.. CRISP LEADS OFF FOR SILVER
In An Effort to Prove That the Legisla-
ton of 1873 is Responsible For all
Our Ills-Logical Reply by Mr..
Smith.

Augusta, Ga, March 31.-NO political
event has so stirred the city of Augusta
and it's surrounding as the financial de-
bate between Secretary Hoke Smith for
sound money and ex-Speaker Crisp, repre-
senting free coinage, which occurred here
tonight. The day was a gala one, Smith
and Crisp holding informal receptions at
the Arlington hotel all afternoon. Ex-
cursions were run into the city from
points within q radius of IS miles. The
city assumed holiday appearance. The
debate took place in the grand opera
house, which seats 22OO. AS early as
$50 p. IN. people began to gather, wait
ing to get in, many bringing large pal
mettO fans, the thermometer registering
80 degrees. At s o'clock the building
was unable to accommodate the mass
that desired admission, many having to
return home.
On the stage were the governor of the
State, many prominent State officials and
600 representative men of the
city and State. The opera house was
profusely decorated.
After short introduction by Chairman
Daugherty of the county executive COM
n,;ttoo u,bo a+o+od tho torms 81 .,o da
bate, he introduced Judge Crisp, who
spoke as follows:
"Mr. Smith and myself. both Demo-
Gratis, expect earnestly and Loyalty to
stand by the Democratic nominee, but
just now the policy of the Democratic
marty is TO he formed. and Mr.. Smith and
T a;eror. ~, o,,a ;,,,,so,.a,. ,,a,,.;a.
NV tbs; az Un. t mp ."n. l"e''ioh'
.gTha oiari ao out;,, hio ,,s;,,, o,s.;
nele ai ,t Iel. ia H. plin tt reiatilS
nGes MniC ,t AZ inc wv Vu'ou; we siouiu
uitaIit ui t lst oii we VII peiiI ~ III
iii ~ .iilt .ne 'aiue VI iiioiies - resuiiteu
es 'ne uellaHu anu supply ,ii, u ils eAchanse
aoa 'oiiii ints Rou Nm nu.e ene h!si y
o,up IL r rhd,inS Inns saeaI nilailc III
Inont;Wr 49, 5 Az III eie ~.
poi uN,s'inS eo t; pu. nrst iel
Gtn soui H. i, " .ne llion1S o4.
Thrnunhout Emro moii thr up ~ i4 4',.c
nntoiSs no;,d ~ II meat wv
IF ~ Ioineu at uiiereii' ia'ios' al aoou'
.oTboro 10 no suob +b;no nc ;r+orro+;o,o,
monav nn onnv Vii .s o ns a; ni
nnmntr;os nv Tbat 10 ",m aro ,,Iatit,,dn a. ~
IGa1 IL ,,a, mut 10 MY 81 a.ituIe. a..
rat;o nf 70 and tho " I4n;Ped ny Sto tns
formal +bo+ r,t;o ne +hn;r Lns;s of oa;n'
mo tLa two ,noto,, tTha+ ,,,n a. ,;oht =,
100 WV "e'''''' "' ""' i'e"' ~
"Wbon nv friend comos to oddross vor
no will mako tbn orror Of confouniino
tha standard with the currency
-" aR;mntniliSm " i 10 d ," nv avon,
writer ms beinp tbe condition when boti
metals con ha co;noJ iegoIIy NJ MIN
Inv n ratio fvod NV law With an onuo
nurcbos sing and debt- having novnr r.,
, 70 tho voor 1879 tbis law was in forcn
silver and cold wore fins linked toCethe,
and were the measure of commodities
Hnv "ther cond;tiom Inf this is in i"rinn
to tbe neonle and only benefits tbnsa VIII,
! IVA money to lend
"N'hen Franco coinod tbo two mot,1
/, ot tha ratio of X ~ n I and the Unite,
Stotns nt Tho rntio of IL, to / olI tko col,
c,mo tn Amorico Cola Zoos whore If zen,
gnt tbe most for itsnlf Tn to 1872 tber
were no great Emergencies in the rnti
of the two metals. Sometimes one woul,
be worth a little more and sometimes an
, other In 1874 the limited states demon
etized silver. why it was done no singh
gold odvocote is old or Truthful enoupl
, TO recollect. There are none of then
who will boldly tell Won why. The rea
/ reason was to decrnnsc thr omount q
money and to increase the value of th
money which was left. lApplauseD
"No man in thp fnce of nil these things
con % before the country and saw tbo
be oiyocotes the single standard of col,
and homes 70 gain the s,lpport of n ma ior
inv Of the ncople of the United States
0;reot nnplnuseO
..There nre some people who 90 through
= the country saving that the trouble i
= that the financial question is being agi
, tnted hv silver cranks, and have neve
seen n wrong inflicted upon the masse
= of tbn nnonle but that those who inHic
II ,rn onnosnd 70 having if agitnted. Can
:, nl,uso
: .Jmmediotely after the Recommendation
: of silver in 1879 prices decreased. Hoy
: could thnv holm ~ The money was de
croas,d and the commodities increased
: Tn 1878 thn great Allison law was passe
/ nmd rovn us a little helm in arrestin
= f,Il;n~ nricrs In 1890 the Sherman Law
w.,s n,sscd and il advanced prices lii
flo In 1902 II was repeolcd' and | sa
tho+ money is dncreos sing and commod
t;n' more, s;ng In tho last 20 wears ey
or,, ministry has slowly but markell
' dncrna sod in regard to the prices oil
tn;noI for ;ts nntnut
p I'm tbn hond sale before the last tn
. nresidnnt sold $50 600, 900 worth of coli
a hnnJS nt n nrivnto sale and sent wor
y w ,'' tho ronresnntatives of the people tina
- - thev wnuld riyo him authority t
y oi.n thom, GOLD honds if would he wort
ihdN' NV S''' ~, - .;,-,