The Camden chronicle. (Camden, Tenn.) 1890-current, 1896-02-28

tain SILVER AH TO tho ability OF the
United States 10 do 90 alone, the ox-
ample Of France, a country infinitely
inferior IN wealth and trade 10 as,
must be borne in mind
II our minis we're opened 10 the free
coinage Of silver the commercial value
Of the metal would ho equal 10 ifs To-
gal value in this country because any
one having 4l2i grains OF silver could
bring u here and get a standard dol
lars worth OF commodities.
In conclusion Mr.. Crisp declared
that II the United States would but
assert its political aud financial indie
pendence prosperity would return and
continue the perpetual heritage Of the
people.
Mr.. Crisp spoke an hour and a half
aud was literally applauded when he
sat down.
Judge Turner Replies.
Mr.. Turner, democrat, Georgia, was
then, at the request Of Mr.. Dingley,
recognized for an hour. Mr.. Turner
IN opening said he did not pretend 10
be aotuated by greater courage than
others, nor did be assume wisdom be-
yond that Of his day and generation.
He should state opinions that had
been slowly and carefully formed and
he should submit them with the great
est respect for those who differed with
h il He expounded exhaustively with
copious illustrations from American
history, Gresham's law that whenever
an attempt was made to circulate con-
currently two metals of different val
ues, the cheaper metal would always
drive the dearer out Of circulation. He
then addressed himself to the question
whether the United States independ-
emily could restore the parity of gold
and silver.
He would, he said, use every test
/ known to human tribunals. He would
summon Mexico and China, where
silver was coined and was worth its
commercial value. He would summon
Japan, that noble stripping of the
east, Just feeling her strength and
just about to abandon the exploded
theories of silver monometalism. On
the other hand az witnesses against
the theory he would summon the en-
lightened and cultivated countries of
the world, England, Germany, Russia,
Austria ard France. They had all
closed their minis to silver.
Mr.. Turner took up the Bland-Alli-
son and Sherman silver laws under
which $500, 900, 900 Of silver had been
coined
Yet those laws had not impaired
value to silver, for its value had gone
down and down and down until India,
that great reservoir Of the white metal,
had in 1893 driven the final nail in the
coffin of silver by closing her minis.
There were "a, 900, 900, 900 of silver in
the world according to the report Of
the director of the mint. Over So,
700, 900, 900 had been coined by the
countries of the world. If a liberia
use of silver over legal enactment coulC
sustain value why had the commercial
price in view of these facts gone down
steadily.
He announced it as his opinion tina
a debtor nation should pay its debts
in the best money of the world in or
der to maintain a high standard O.
credit. Moreover not an individual
: would profit by paying his debts il
! q deprecated currency. In the ethic
of nations we could not afford tt
! take advantage of technical erroi
: and pay our creditors in cheap money
Instead of paying one dollar for tw'
, he would rather pay two dollars fo
: one; but this was not required. Lik
honest men we must only pay dolla
for dollar. (Applause.)
}, An interesting exchange followed
with Mr.. Crisp and Mr.. Terry, demo
, crat, Arkansas, over some testimony o
> Secretary Carlisle before the appro
priation committee in which Mr.. Tur
. ner took the position that instead o
: there being subtle purpose to dis
} credit silver at the treasury depart
!, ment the sole purpose there had beer
to sustain it.
. Mr.. Turner declared that if the La
) authorizing the secretary to sell gol
? were repealed that moment the part
would fail and the country would g
7 on silver basis. The money in dali
= circulation was silver and silver Gel
- tifcates. He concluded with th
statement that the poor man, in who's
! interest the restoration of silver VIC
invoked, was most interested in pr
!, serving a sound financial system.
When the discussion closed the vol
!, was taken and the house rejected tn
~ free silver amendment to the houf
10 bond bill by vote of 216 nays again
y 80 yeas.
"A Only Three Perished.
Il 10 aff