The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-06-25

Hogg offered the following substitute
for the financial plank: 1--WE demand the
unlimited free coinage of both silver and
gold at the ratio of 16 to l by the United
| States government as the standard money
and legal tender for all debts, public and
private, without awaiting the action of
any other country on the question"
Duncan withdrew his amendment and
Hogg spoke to his substitute He wanted
a clear cut declaration on the subject.
The other was an explanation that did not
explain. His substitute was the right
thing in the right place.
1t did not suit the convention how
ever, and Chenowith, Monte Moore and
Hodges began to ply Hogg with questions
about it. In the meantime Bailey wended
his way to the rostrum and conversed in
whispers with Reagan. Duncan and Shaw
began to confer and it looked as if Il
storm was brewing.
ChenOwth moved to refer the report
and substitute back to the committee to
report today.
Judge Reagan spoke for the report and
against the substitute, contending that
under the latter the money coined would
be fiat money and valueless.
Continuing Judge Reagan said
Governor Hogg had no real concep-
ton of the question which had been thor
oughly discussed by the committee. The
committee spent six hours considering
this question faithfully, honestly and eX-
haustively, and yet the governor comes
here and on the spur of the moment pre-
pares plank which he thinks has more
merit in it than the concentrated wisdom
of the committee Governor Hogs res
olution, if adopted, would pledge the
party to absolute fiat money. He does
not provide for any redemption of paper
money. That is why the committee put
in that clause providing for the issue of
paper money convertible into coin at the
demand of the holder. Are you Demo
Gratis going to say that this committee
made a mistake and that redemption of
paper money shall not be permitted?
Are you going to commit the Democratic
party to fiatism? If you adopt Governor
Hogs proposition the great moneyed
corporations will not care. 1t does not
go one step in the way of preventing the
enforcement of contracts in gold. Will
his proposition do anything for the relief
of the people? Does it in any way keep
the country from remaining on the gold
standard. | hope this convention will
not be led away from plain declaration
of principles. The governors proposition
is senseless and useless, while the COM
quirement of the situation"
Jake Hodges of Lamar said: The diff
ference between Judge Reagan and Gov
ernor Hogg is that Judge Reagan's prop
Osition is a declaration of great princi-
pies, while the plan of Governor Hogg is
simply campaign dodge.
He asked: "What man in this house
objects to the following clause: Re
deemable in coin at the option of the
holder"
Chorus of yells. Great confusion.
Cries of 81 do"
Bill Shaw of Dallas-You are giving
Carlisle authority to do just what he is
doing.
Cries of chats right
Shaw-We have had one platform sub
ject to forty constructions, and by the
gods, we are not going to have another.
Confusion and yels.
Jake HOdges-Keep quiet, gentlemen.
| am going to talk if it takes all night.
| am Il delegate here and | am going to
have my say.
More confusion and cries of adjourn"
Hodges-1f you wan to choke me off,
do it. If you can't stand to hear the
truth, go home. Will you hear me?
Loud cries of mo, no, no."
Hodges want to say / am going to
tdlh. hOTe COIl uSlOn. NTlcS Oh $40
down." go for 'em Jake"
The chair kept up monOtonous
pounding for order.
Nearly 100 delegates were on their
feet. You could not hear yourself think.
1mboden of Cherokee moved to adj
journ till $3.50 this morning. Yells of
mo, no, no."
The motion was put, the chair declared
it carried and the thing was over.