Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-04-01
'TELEGRAPHIC.
FINANCIAL DEBATE.
HCks Smith and EI.Sp8ak.f Crisp
Discuss Sound Money"
EFFECTS OF DECENTRALIZATION.
A Line Of Remedy Sugg,sl,d-B5th
Speakers Loudly theered by
the Audience.

AUGUSTA, Gn., March 3l.-N1 20.
Etlcal ovelt has 10 stirred the city Of
Augusta and its surrounding Territory
ua the financial debate between secte.
taTy Hoke Smith Tor "souud money"
AMI eE.S eaker Charles r.. Crisp, repre-.
tentlng free cgInuge, which occurred
here tonight. Smith sud Crisp hold
Informal receptions ~ the ArliugGUn
hotel all the forenoon. Excursions
were run into the city on all roads
from points within n radius Of seventy
live miles. Tho debate took plsCu IN tue
Grand Opera house which seats . 200
NJ early a. $3.50 O'Clock people uegan %
esther waiting 10 geti IN. Many brought
large palmetto ian-, a. tue thermometer
registered 50 degrees. A. 5 O'clock thu
building was literally tilul and many
had 10 turn home.
Chairman DAugherty Of the county
executive committee stated the terms
~ thu debate hud in reduced Judge
Cflsp, who btgan ~ follow.
mi. Smith bud myself are both
Democrats; We both expect 60 earnestly
ami 10y ally stand by tho Dom cratic
nominee, tut Just now the policy VI
tue Democratic party " 90 be- iutmud,
Anu Mr. Smith anu 1 dlfirr on one im.
pOrHut question. We ditiet about
murry."
Tue cK.spcakcf continued by empha.
ria ug tue tact that "tuU value VI
money Ia regulated by the dsmaud Rud
supply OF it.tzrhauge tor commodity"
Previous g. 1913, uu ID, the tW0 met
oils were coined throughout EuTYgu At
varying tato', GhDugn the COncrnsus Of
t,ilUs was about 10 W /. CsutiuuiuF,
Lesaia!
"Ihure II no such thing as Intern d.
iiHunl money, no money viii circulate
iu al countries. That " n muJo plAtI.
tuuo. L. 1902 the governments Of
Europe haI tue ratio OF 10 10 1 anu the
United States took that ratio ~ their
bsti, OF coming tue two metals. That
was Tigbt IN 1892,
"BimetRu lem u described ~ every
writer 20 btiug a condition when both
metals can be coined legally alta mint
hy ratio hKed by law, With an equal
purchasing sud dvbt paying power W.
- tue year 1873 this law was lu force,
silver and gUid was thus linked 90.
gtthrT, aud were tho measure VI com.
Inoliiivs.
"Auy other condition but this /. In.
lunUua to the people, sud only bsueh,u
th,sr WHO have money 10 lenI.
When FfauCo coined the two metals
att tate VI l5ii 10 snd the Uuited
States NJ n tsliU VI 10 To /, all tue gold
uamo to Amorica. Gold gUes where IL
can gst the most tor itseli.
"up " 1873 there was no great d.
vutgenre Ia tnu ratio oi tue ~ metal ;
sometimes cue would be worth
Il nillr more sud sometimes smother.
In 1873 the United States demOuouLsl
siIyrf. Why II WAS G0nr no single
g,lI standard advocate IL old or ruth.
fIl enough l. feC1ilvc,. The real frh.
sou Wns TO decrease the smOuut Of
money and Increase the value " the
money winch was left. tApplauso.l
"lmmediateiy after tue demUutt1a-
ton OF silver Ia 1873 prices decreased,
How could they nulp II, when money
was decreased aud the commodities Ia.
CtessUu? In 1875 tho Banda llibou
law was Iassru And gave ~ n little
io.p ia aftusliug the falling prices. In
1872 the sherman law wus passed anu
u advanced prices n little. In 1878
tnut was repealed, aud 1 say tnAI
increasing. Ia tue last twenty years
every ildustTy has slow by but marked,
ly decreased In regard 10 tho prices obs
tanned Tor tue output.
Mr. Grip closed by reading statistics
regarding the number Of manufacture
rug AMI other industries IN the Uuitrd
States and how much larger they were
tnan European cuuntrier. Hia speech
Wss Applaudei Tor July three minutes
Wnsn Mr.. Smith was introduced tue
reception was equally bs enthusiastic
Is that rendered ~ Nit CTltp
IL not my Intention % cay any
thing that viii hurt any one VINO dli-
tgTees with mr,n ho began. "lt II bul
Igut that We should council together
lud iLd out what Ia right In uppUs'
Ing the tree coinage OF silver | want
YOU TO distinctly understand that
make no ilInt ON silver M fnal pay
ment anu a, legal tender. When w