The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-12-31
PATTERSON on the cuRnENcY.
The TenneSseean Speaks Before a
Baltimore Organization.

SVh VI MSAhHhlS, ANHns, spoke mere lO-hig Mt
on the monetary issue before the Mer-
chants and Manufacturers Association.
The text of his speech is as follows;
The Impressive lesson taught by the
returns from the late election has an ex-
ceptonal significance to the people of the
cotton producing states. Coming as | do
from the city of Memphis, the greatest
INLAND cotton emporium in the world,
may be pardoned for saying that / am by
birth and education of the south, and all
my sympathies and aspirations are with
It's people. Virginia. North and South
Carolina, Florida, Georgia, Alabama, Ten
nessee Mississippi Arkansas Louisiana
and Texas were in the very vortex of the
civil war. The heroic valor of their sons
in that struggle; the frightful loss OF life
and property; the utter restitution of the
population after its close: the reconstruc-
ton of those states on the basis Of uni
versal manhood suffrage; the attempt to
govern them through the suffrage con-
terred on the recently manumitted slaves
and the travesty on popular government
which followed resulting In the bankrupt
cy or these states, and the universal dis
tress of their Inhabitants, are all matters
of history. The long struggle for social
order and good government which ensued
Will for all time remain a monument to
patriotism of proud people, environed
by difficulties which never before con-
fronted any part Of the Anglo-SaxQn race
The decade from 1860 to 1870 was one of
political excitement war, devastation
and sectional rancor. The decade from
1870 to 1880 was marked by a continuation
of sectional strife, a successful struggle
for white supremacy, the readjustment
of public and private debts,
and return to social order and an inteIl-
gent administration of their state govern
ments. The decade from 1880 to 1890 marks
the first era in the history Of these states
when their people had fairly an opportu-
NIFTY TO improve their condition and to adj
vance in the ways of peace and prosperity
The result is one to which they may well
point with patriotic pride. The census of
1880 shows that the value of real and per-
sonal property during that decade increas-
ed from A,S45,0 900 to SS,110000OOO, or a
net Increase of IS, 265,000. The property
values in these states exceeded in 1890 the
value OF all the property in the United
States in 1850 The significance of these
ngures will be better understood when
add that the per cent. of increase in the
New England and middle states for that
decade was only % per cent, whereas 1t
was over 81 per cent. in the states / have
named. The value of land and buildings
increased $672 AGO, 600; the mileage of the
creased 1850 miles; the number of cot
ton mills increased n; the amount of cap
ltai invested in the manufacture of lumber
increased from $40, $4,000 to $74 027,0O0; and
the number of tons of iron produced in
creased from l5O.64 to .420,962 tons. Nor Is
this AL The people of these states are
not, as some would have the world be-
lieve, burdened with debt AS shown by
the census of 1890, the entire mortgage in
debtedness amounted to only 1892 f26, 900 or
about per cent. of the value of real and
personal property, whereas the mortgage
Indebtedness of Kansas and Nebraska
alone amounted to $S76, 049OO0. There is
must not be overlooked The
problem growing out of race
differences, which threatened for a
time the subverslon of social order was
now no longer cause OF serious apprehen-
sion to either race. If the white people
OF those states, by means of taxes volun-
tarily imposed, have done more for the
education of the negro and his advance
ment in all the ways of civilization than
all the balance of mankind put together,
It Is furthermore true that he Is more in
telligent, that he is a better citizen, that
he is more provdeht and is rapidly becom-
ing great industrial factor in the de-
velopnent of the south. And be 1t also
remembered during that period the destiny
ing absolutely shaped by the democratic
party. Sectionalism was practically elm
mated from American politics and the
election in 1892 of Mr. Cleveland the
greatest American of his times was an
assurance to all his countrymen that fra
ternal relations were everywhere restored
and that the sovereignty OF every state,
and the liberty of every citizen, without
the loss OF honor or the disturbance Of
sacred memories, were secure. This was
the browning achievement OF the party
to whose success L have devoted all the
years Of my life. Behold, what followed!
The people of the south inveighed against
discriminating protective tariff and 1t
was repealed. They had complained of
the federal election laws, whereby the
general government assumed an offensive
guardianship over the domestic affairs
of the several states, and they We're ex-
plunged from the statute book; they had
complained that they were persistently
maligned and misrepresented and that
emigration and capital were warned away
from the south, and now they were bet
ter understood and both capital and emf
grafton headed In that direction; they had
complained that this country was repre-
sented abroad by men unfriendly to their
section, and now there Is not "a country
on the globe where the flag of the repub-
lis Is not represented by friends and often
by honored citizens of their own states
This contamination was the fruition Of
their hopes, and II there ever was a peo-
pie who were entitled to rejoice In the
record of their achievements and the aus
piciousness of their future 1t was the peo-
pie of the south
have briefly made this historical re-
sumo in order that l, citizen OF one Of
these states, might the more forcefully
express my profound establishment and
regret that they should have broken away
from their old algnments, and cast their
political fortunes at the recent election
with Bryan and Altgeld, and their popu-
listic following. Engaged In the produc-
ton Of cotton, IS per cent. of which is ex-
ported and sold to gold standard countries,
without silver mine from the Chesapeake
bay 70 the Rio Grande river. without even
the temptation Of a burden Of debt, and
with the teachings of such ilustrious
Statesmen as Jefferson, jackson, Calhoun,
Benton, Lamar and Hill to guide them,
how the people Of these states in disregard
of the enlightened judgment of the COM
mercial and scholastic world could have
abandoned their old allies, antagonized
the President OF their choice, and staked
everything on an economic heresy which
IL adopted, would have led inevitably 20
silver monometalism and national disas-
ter and dishonor. is a problem which de-