Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-09-11
INGALLS, ON MONEY.
PRESIDENT or THE CHESAPEAKE
AND ONO SPEAKS HERE.
WkSh TYPICAL RAILWAY MEETING.

on Hand.

I
Academy OF Music that filed the house
from the balcony to the very first row
IF seats in the pit. The meeting was
under the auspices OF the Sound-Money
League. and the big assemblage was
composed largely OF employees OF Mr..
Ingalls, road. boltocrats. Republicans
and a few Populsts. who were in tho
rough sympathy with the speaker.
Two coaches were put on the regular
afternoon Chesapeake and Ohio train at
Newport News, and all the employees OF
the road from that city and Norfolk who
desired TO come to Richmond to hear
the president Of the line speak in oppo-
sition TO the nominee Of the Democratic
party were invited to make the trip
free of charge. They came, accompanied
by a brass band.
WEIL-KNOWN MEN PRESENT
It was shortly after s o'clock when
the Richmond and Danville shops band
struck up a lively air I'm front OF the
Academy and soon a great crowd filed
the street around the musicians. Among
those who were then on the stage were.
Rev. DR. Hartley Carmichael; Messrs. =.
T. Wexford secretary Of the Chesapeake
and Ohio: II. T. Wickham, general coun-
sci for the road; Assistant-Attorney
smith Of the Chesapeake and Ohio: Mr..
Decatur Axten. second vice-president or
the Chesapeake and Ohio; George W.
Stevens. general manager OF that syS-
TEN: Alexander Cameron, J. J.. west
Allan Talbot. +. T. D. Meyers, presi-
dent of the Richmond Fredericksburg,
Jr.. William L. Royal, Colonel William
Lamb. chairman Of the State Republican
Campaign Committee; John l.. Popham,
a Republican; President a. d. Boulware,
Of the First National Bank; II. c. Bur-
nett. cashier Of the same institutions; ana
many other railroad and financial people
while I'm the audience were noticed a
large number Of leading Republicans.
Among these were eX-Judge i. IL
Lewis. who has been so frequently SPOKEN
of as the probable nominee OF the Re-
pubicans for Congress in this district
ex-Postmaster Otis II. Russell, who
served under Harrisons ADMINISTRATOR
Major Richard Walker. one OF the as
sistant secretaries of the state Repubh-
can Campaign Committee; Mr.. Edgar
Allan, Jr., and others.
The employees Of the Chesapeake and
Ohio. the Tredegar Works, and the ran
way shops were out in large numbers ana
the sound-money clubs OF the railroads
entered the hall in a body.
THE MEETING OPENED.
Mr. f. F. Glasgow, superintendent Of
the Tredegar Works, opened the meet
ing by calling upon Major Charles >
Stringfellow TO preside during the eve
ming. In introducing Mr.. ingalls,, MAJOR
Stringfellow declared that the Democratic
party had deserted its principles. us
assertion was received with applause by
the Boltocrats, Republicans, and Popu-
lists present, while the balcony, Whlch
was packed with negroes, was particular
w demonstrative. After the presenta-
lion speech Mr. ingalls, stepped to the
front of the stage. He was cheered
1ustiv. The railroad band just here
nut him I'm a rather embarrassing posi-
ton, for II struck up an air Just as ne
was about to speak, and during the
music the president OF the Chesapeake
and Ohio stood facing his audience anu
waiting for the music OF the hoIns 10
cease. In beginning his address, Mr.
ingalls, said that he felt more than grau-
fed at the presence Of the vast aualehco
which had assembled on such an uncom-
Portable night He began by giving q
history of what first caused the coinage
Of cold and silver by the European coun-
tries.
HISTORY OF GOLD AND SILVER.
"About two hundred years ago." he
said when this coinage was begun In
Europe. the ratio Of silver and gold
vas settled at about to 15-that is that
one ounce Of gold should equal fifteen
ounces of silver in value The demands
Of silver and gold for commerce were 50
great that their commercial values were
kent at about that There never was a
government I'm the last two centuries that
ATTEMPTED 10 coin silver and gold at
a ratio that differed from their CONNER
cial ratio. The first attempt TO diiter
from that Is the attempt Mr. Bryan
wants us TO make I'm this country. As
far hack as 1916 England discovered that
tbare was no more reason IN having
two standards OF value than there was
I'm having two measures or anything,
and. therefore, she made her standard OF
cold So well has she maintained that
standard that to-day If you take the
steamer and go 10 Australia or AFRICA
and you wish 10 buy draft TO SEND
home, YOU will have TO buy IL on Lon
don, payable in so many grains OF Bolu'
THE SITUATION HERE.
The speaker after showing the policy
Of the European countries in regard 10
the coinage question, brought the matter
home. let US look at our own country"
ne said. in 1892 after We came out or
the war with England our currency was
in 1he most deplorable condition. The
ola Continental Congress had issued
creenbacks unlimited. When Alexander
Hamilton took the Treasury OF the United
States he had to create something new
lie called into his aid that great senator
Of Virginia. Thomas Jefferson, man
who had travelled the world over ana
who p4rhaps was more familiar win the
laws OF commerce than anybody al that
dav and they decided that they must
have gold and silver, and fixed the Vaiue
al / TO 49, Now. they had overvaiued
silver TIE result was that gold was
driven out.
The sneaker then attempted to show
how Thomas Benton had overvalued gold
and driven silver out. The speaker de-
clared that the free coinage ofsilver to-day
would drive out 600 millions o. gold,
which would contract the currency one
third and produce a panic compared win
which the present distress was only
sun mer storm instead of the hurricane
that would follow such q step.
The speaker then gave the history OF
the Bland and Sherman bills. IF any
one wishes TO know why good times had
not resulted upon the repeal or the latter,
he could give the reasons. IN the hrst
place there was change IN the aunlhis-
tration. Another reason was that there
was a. change in the tariff law" In 1895,
he said. Mr. Cleveland defeated the plans
~ the Populisis who tried to ruin the
country At the mention Of the Presi-
dents name there was wild demonstra-
ton of approval though, as the cheering
died away many Kisses were heard.