The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-11-10
SAYS THE GOLD BUG CLAN
WISDOM WILL INEVITABLY
PERISH WITH US.
SOUTH FOR DEMOCRACY AND SILVER
Want the Greenbacks Retired -BimetalIism is
Dead They Say and Gold is the Only
Standard Money Raised for
camnaign Work.
Campaign Work.


Campaign Work.
New York. Nov. 9.-The semi-annuS.
meeting of the executive committee Of
the National Sound Money League was
begun here to-day. There were present
President George e. Leighton, st.
Louis; General Secretary e. V. Smalley,
Henry Willard, Gustav III. Schwab. ].
Kennedy Tod, III. p. Robinson. Edwin
Burril Smith, J. X. Cowen, Nj. e. In
gals, J. w. Norwood, w. G. Cornweil,
and Treasurer A. b. Hepburn.
Geneal Secretary Smalley read COM
munication from Nj. G. George, vice
president for Oregon, who wrote that he
was with the league in all the great
questions relating to the currency, and
realizes the necessity for aggressive
work. As to the State, in many places
the league would find it honey-combed
with financial ignorance and error. The
light, he said, should be made to shine
In all the dark places. On motion of
Mr.. ingalls,, of Cincinnati, it was voted
to appropriate $1,000 to aid Mr.. George
In spreading the light in Oregon.
J. X. Cowen, of Baltimore, reported
that things were satisfactory in his ter
ritory. and added that Maryland did
not need any financial aid from the
National league. j. Sterling Morton,
vice-president of the league for Nebras-
ka, wrote:
"ssr. Bryan and his disciples are ac-
tgely engaged in propaganda OF money
.allacies. They have united IN one con-
glorate all the fanatics, bigots and idiots
In this State for the purpose of uphold
Ing the free coinage of silver at ratio
of 16 to /. 1t is very pSfnful to OBJ
serve that this aggregation may quite
possibly make a majority of 10000 at
the coming election for candidates who
repreSent all that is inimical and dis
astrous to agriculture and in fact to
sound government everywhere"
Judge w. NJ. REESE, vice-president OF
the league for Arkansas, wrote
'sThere is no change in this State.
There is an overwhelming majority for
free silver and Bryanism in every Con-
gressional district"
Charles F. Libby, president Of the
league for Maine wrote in part:
$50 far as Maine is concerned, / do
not think that the silver question viii be
an issue in the Congressional campaign
next year."
James l.. Blair, of st. Louis, wrote:
"On the whole / cannot say that |
feel encouraged over the situation in
Missouri"
William G. Cornwell, of Buffalo, re-
ported that as far as he could ascertain,
both in the eastern and western parts
of the State the free silver sentiment
was actively dying out.
Louis r. Enrich, of Colorado Springs,
reported that nothing but better times
can bring about a change in the free
silver sentiment in Colorado.
"The only thing to affect the west,
he said, sis better times, and / would
now suggest that the league come out
boldly and ask the President Of the
United States to proclaim the gold stand
ard as the money basis of the country"
President Leighton thought it highly
inexpedient for the league to commit
itself on this point at the present time.
NJ. e. ingalls,, Cincinnati said:
''The result of the recent campaign
shows conclusively that the South will
again drift back to the Democracy and
free silver"
Continuing he said that "the great
danger now is in tendency to drift into
a new banking house law, which to the
country will be fraught with danger"
On motion of III. Z. Robinson, of
Chicago, it was resolved that a COM
mittee be appointed to receive and con-
sider the report of the Monetary Com
mission when it is made and to call a
meeting Of the executive committee If It
Is considered necessary that action be
taken thereon.
A committee, comprising Louis L.
Enrich, Mr.. Leighton, Secretary Small
ley, Gustav IL. Schwab and William G.
Cornwell, was appointed to prepare de-
caration for international bimetallism
to the effect that bimetallism is dead and
that gold should be the standard of the
country.
A recess was then taken.
Before re-assembling the members of
the committee said that President Nc
Kinley had expressed, his intention Of
recommending in his next message to
Congress the advisability of separating
the issue department of the treasury
from the regular government expense
accounts. In other words, it will be
proposed to hold the gold reserve as
redemption fund for green-backs to make
the gold and green-backs interchangea-
BILE. 1t was said that President McKin-
ley had spoken freely on Monday with
prominent official of the Sound Money
League on this question.
When the committee resumed its ses-
zion Louis r. Enrich, of Colorado
Springs. as chairman Of one Of the sub
committees. read the following address:
s'The executive committee OF the Ma
tionai Sound Money League, in behalf