The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-01-09
SOUND MONEY OUR SALVATION.
HERBERT SPEAKS AT A JACKSON
DAY BANQUET.

The Hero of the Rattle of New Or
leans Equally Heroic ana Cour-
ageOus In bringing the Country
Back TO sound Financial Basis
During HIS Tenure of the PreSi-
dency-GOId Driven Out of the
Country by = Per Cent. FIuctua-
tfOn.
New York, Jan. S.-Jaclxson day, the Slst
anniversary of the battle OF New Orleans,
was celebrated by the Business Mems
Democratic Association tonight at Sa-
voy hotel. Theodore Meyers presided. and
at his right sat Secretary of the Navy
Hilary A. Herbert, ex-GOv. Flower, ex-
Gov. T. NJ. Waller of Connecticut. Con-
gresham Amos j. Cummings and Judge
p. II. Dugro. At the chairman's left were
Isidor Rayner controller Of the currency;
Postmaster Dayton. J. f. Simmons. Evan
Thomas and c. G. Baldwin.
Chairman Meyers arose and congratu-
lated those present upon the proof afford
ed by their members, who. he said, We're
the old guard Of democratic principles
that neither died or surrendered
Mr.. Meyers then introduced the Hon.
Hilary A. Herbert, who spoke on Sound
Money Necessary to Commercial Pros
perity."
Mr.. Herbert was received with great
enthusiasm, and commended the firm
foreign policy" Of Andrew Jackson, which
had caused our country to take a stand
among the nations of the earth II had
never before occupied. He further claimed
for the Tennessee statesman that he saw
as clearly as it can be pointed out to-
day the value Of the soundest possible
currency, and In the midst of financial
crisis, severe and more prolonged than
any this country has ever witnessed, he
brought the currency of the land back to
sound basis by an exhibition Of courage
and devotion to principle, which, though II
may have its parallel. is never TO be sur
passed.
With this preliminary reference to the
order OF the day. Secretary Herbert at
once switched Off to a discussion of ex-
listing monetary conditions. "No man, -
he said, who read Andrew Jackson Alright
can for moment doubt where he would
stand upon this question, for he is upon
record as declaring in the most solemn
manner that silver dollar should have
IN II not more nor less than a dollar s
worth of silver, reckoned by its CONNER
cial value. He held no such idea as that
now advocated that the government can
declare ratio by law and maintain two
metals at par on that ratio simply be-
cause the law so provides. lie knew that
the relative value of gold and silver was
commercial question to be settled by
the markets of the world. He saw that q
difference of cents in the value of the
bullion in. gold and in a silver dollar
had driven gold out of the country and
he therefore, signed law that changed
the ratio Of the two metals from l5la to
to l6 to ].
Continuing, he said: "Our currency sys-
TEN must be reformed and reformed on
sound principles. How shall we ever get
this reform? 1t can only be effected by
getting sound money President and IA
sound money congress at the same time.
1t is easy enough to get the House, for the
| House represents the people. and the peo-
pie of this country will always be for
sound money by a large majlrlty.
But the Senate, we must have that, too.
81 answer first, we must have no more
! equiVocal platforms; we must have no
more Juggling with words IN any party
convention; we must accept the challenge
the free silver men have given and then
when the issue is made up we must look
for our votes to the great agricultural
states of the middle west and to the
south, the states that have no local in
torests to lead them away from sound
principles of finances:
I'm some states new senators will be
elected who will stand for sound money /;
in other states legislators will instruct
in other states legislators viii instruct
mates will swing into line when a ma
tional convention has spoken and thus
enough votes will be added to those who
come from north of the Ohio to control
the Senate in favor of sound finance"
The Hon. lsador Rayner was next intro
duced by the chairman in response to the
toast, 1.-THE Peoples Role in Politics ="
Mr.. Rayner said that the practical ques-
ton was what could be done to eradicate
the evils that were undermining political
organizations. GAS a party man." he
said, II believe in party organization and
I'm discipline but do not believe that any
manager or leader has the right to use
the party to enrich himself Nominations
must come from the people and not from
When the applause following Mr.. Ray
ners speech had subsided, Chairman
Meyers arose and said he had a communi-
cation to read. 1t proved to be a telegram
from the President and ELECTED unbounded
applause. 1t was address to the chair
man of the committee, and read: I'm spirit
/ / join your guests tonight in their ap-
| plause of every patriotic sentiment which
the occasion inspires, and / rejoice with
them in their manifestations of that love
for out national life and honor which
| characterized the great American whose
deed and valor You commemorate
Chairman Meyers next introduced ex
/ Gov Flower, who responded to the toast
'The State of New York" Incidentally
| he referred to President Cleveland's S mes
sage on the Venezuelan question and said /:
II do not believe that one inch they do not
| at present possess on this continent
| should be given a foreign monarchy
| If war comes and God grant that it
may not, you VIII saint Grover Cleveland
| as you tonight saint Andrew Jackson
| ! want you to study the Monroe doctrine
| and the message. 1t does not mean war
unless England wants it. Let us stand
| for the Monroe doctrine. which is the
| fundamental principles of our govern
ment."
Ex-Gov. Waller was the next speaker,
| and responded to the toast, Patriotism
| and Partisanship."
Amos J. Cummings responded to the
| toast, 1.-The Press" and Controller Fitch
| spoke on 1.-THE City of New York"
SILVER SCORED BY HOKE SMITH.