The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-06-14
MIR. M'LENDoN DECLINES.
He win Not Sit in the Convention at
Macon

brownsville, Ga, June 13.-Mr. S. P. Nc
Tendon, who was elected a delegate to the
convention at Macon from Thomas coun-
ty has written the following letter to the
chairman of the democratic executive
committee, declining to accept the seat:
Townsville Ga, June 10, 1S96.-Hon. c.
P. Hansell. Chairman Democratic Execu-
tive Committee, Thomas County.-My
Dear Sir: On Saturday last Thomas county
by an overwhelming majority in a mass
meeting Of the democratic voters of this
county. elected a sound money delegation
10 the state convention, which is to as
semble in Macon on the 18th of this month.
l was honored by the democrats of Thorn
as county in being named as one of the
four sound money delegates from this
county. l consented to the use of my name
IN the earnest hope that there might be
some chance of saving the democratic
party from fatal blunder BY reason OF
the elections throughout the state on that
DAY, II seems now evident that the demo-
cratic party is determ ned TO commit it,
can lead to nothing but the most serious
disaster to all public and private inter
ests.
The belief that the government can
make value by stamping or coming some
thlng, seems widely prevalent at this
une. mis- DeleI seems TO be based upon
the fact that our constitution gives to
congress the power to coin money and to
regulate the value thereof Believing as I
40, thdt government can regulate the value
OF money, only to the extent of
declaring what shall be received
IN settlement of public dues
or taxes, and also what shall satisfy ex-
ecutions issuing from the courts, and
that no single government in the world
nor any number of governments com
bined, can regulate the purchasing now
er of money 1 cannot cOnscientttiouslv
subscribe to the doctrine of the free. in
dependent and unlimited coinage Of sill
yer at the ratio Of is to l. or any other
ratio The people of the United States
hold to-day paper money in the form of
greenbacks which, of course, are sirnplv
the promissory notes of the government
payable on demand, and silver certificates
and coin certificates, and currency GER
tincates, amounting to over eight
hundred million dollars All this
P PoIPS not beca;15 ss' the as o,s good as
promised 10 make it as good as gold,
and not because the government has
stamped IT, but 1t IS maintained in its
debt-paying and purchasing power as the
equivalent Of gold, simply and solely be-
cause the government up to the present
time has been able to fulfill its promise
Once our minis are open to the unlir.
tied coinage Of silver at a ratio Of IL tc
l for private account, We will have a spe.
cies of money occupying a new position
All the silver which has been coined mr.
to date has been coined by the govern
ment, and on public account. The gov.
eminent mas purchased the bullion. coin.
ca lnto money, and hndins
1t impossible 10 get this money SO coin
ed into circulation, 1t has adopted The
method of issuing silver certidcates anf
coin certificates. and in mis- Va AZ ~,
issued, and has now in the hands M
the people, over $500. 900 O00 which rests
30 lar as It's absolute value is concerned
Upon the silver in the treasury. anf
Nllch rests, so far as its commareia
Value is concerned, upon the fact tbst
'Ae government so far has been able e