The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-16
STRONG PLEAS FOR SILVER.
ADDRESSES ISSUED TO THE WHITE
METALS FRIENDS.

silver Republican Parties as the
Result OF Conferences in Progress
Among the Leaders of Those Par
ties at WnshingtOn-Text of the
Democratic Address.
Washington, Feb. 15.-The address In be-
half Of the Democratic, Popuist and sil-
yer Republican parties. which are the re-
suit of the conferences which have BEEN
in progress among the leaders of those
parties at the capital for the past few
weeks, were issued to-day. They seek to
unite the members of the three parties i'm
future elections upon the financial issue
as the question of paramount Importance,
and are separate appeals to each of tho
parties to consolidate all along the line
for this purpose.
The address to Democrats is signed by
Senator James X. Jones of Arkansas,
chairman Of the Democratic national COM
mittee, and is indorsed by the Demo-
cratic congressional committees; that TO
the Populists by Senator Marion Butlers
chairman of the Populst national COM
mttee, and the twenty-five other Popu-
list members of the Senate and House,
Chairman Charles A. Towne and the sill
yer Republicans in the Senate and in the
House, and also by ex-senator Dubois.
The Democratic address Is as follows:
ITO The People: The surrender of the
Republican party to the advocates of the
gold standard and monopoly is az last
complete The present administration,
called to power on the solemn pledge of the
Republican national convention at st.
Louis to promote bimetalism, has formu-
lated and sent to Congress bill, the Lead
ing purpose of which, the honorable Sec
retary of the Treasury avows, Is to COM
nit the country more thoroughly to the
gold standard.
"rhe country has firmly for twenty-four
years been so committed to this standard,
partly by the authority and partly by the
usurpations of the executive branches OF
the government, that its effects are seen
and felt on every side; wages are reduced:
work is harder TO get; the weight of debt
Is doubled; the value of land and other
property Is reduced one-half or more, until
the lives of the people are made bitter
with hard bondage
1T is certainly not due TO humanity to
have this condition OF things more thor
oughly established. The continued rise in
the value OF gold, or which is the same
thing the continued fall Of prices, must
inevitably transfer the property of all
actual creators of wealth whether by hand
brain or capital, to those who avoiding the
risk ana effort of active business only
draw interest
THE increase Of 145 per cent In the value
OF money, caused by it's increasing scare
ny, from 1903 70 1S49, as admitted by Lead
ing advocates Of the gold standard found
expression at that time In the extremely
low prices and conditions OF unparalleled
distress The discovery Of gold and silver
III extraordinary quantities, and the great
increase IN the volume OF metallic money
resulting therefrom, served this distress
ana brought In its stead wonderful pros
perity. Prices rose, business fiourished.
producers prospered, all were happy
substantially this condition would have
continued II both the precious metals had
been allowed to remain In use as money
because they were being found In nearly
suihcient quantities 10 increase the vol
ume of money in proportion to the deves-
opments Of business A wicked conspir-
acy, however, deprived one of them OF
the money function. This was done with
the deliberate purpose OF raising the value
OF the other by rendering the supply of
metallic money relatively scarcer as COM
pared with the demand From the sour
of the consummation of this crime man
kind has suffered commercial disaster and
social distress in almost constantly in
ttN@sihS measure. JUST IN proportion to
the growth Of arts and civilization and
the expansion OF commerce. business and
industry, the inadequacy of the volume
OF gold Is felt, its scarcity is emphasized
| its value increased
The repression of life and happiness
which Is inseparable from long course az
declining prices. has now checked develop
ment, and IL continued, will ultimately
! stifie civilization. An eminent American
| President Andrews of Brown university
some years ago said: Our national debt on
! Sept. !, 1866 was 81 10000 600; II could then
have been paid Off with 49, 900 bales OF
cotton; or 100000 tons of bar iron. When
II had been reduced to sl.250.0O0O0 900, So.OoO.-
700 bales OF cotton. or s2,000,000 tons OF iron
would have been required to pay H. In 9TH
er words, while nominal shrinkage OF
about IS per cent. had taken place In the
| debt, II had, as measured in either of those
two world staples actually been enlarged
by some 80 per cent.
Though more than half the principal
| of this enormous debt and every cent Of
| the accumulated interest had been r.ai.l
| by the labor Of the United States. ire
holders of the bonds still hold a claim for
more OF the labor OF the people than thew
had before these enormous payments lad
been even begun. This cruel confscatIon
Of the lives and liberty Of the laborinr
millions of this country is the most stu
/ penuouS crime tnaL mas been committed
in the annals OF civilization.
| "Unlcss a government of the people. hv
the people and for the people has perished
from the earth, surely the present boldly
| avowed scheme, not only 20 continue. but
| to increase these evils. VIII not be ner-
mitted. In addition to this purpose az
more thoroughly establishing the roId
| standard the plan Of the administration IL
| to retire the paper money of the govern
| ment, to issue gold bonds. and to Increase
the power, privileges and profits Of nations
| al banks. The retirement Of the govern
| ment paper money must reduce the vol
| ume OF circulation, and while the seere-
| tary admits that the contraction of the
| currency would be more ruinous in two
| years than interest on a like amount of
| bonds for forty years would be, he CALMLY
| informs us that the national banks viii
| probably secure a SUFFICIENT amount of
| money to prevent this enormous suffer-
/ ing
"The national banks are not to be re-
| quired TO redeem their notes in gold, but 1t
IS arranged that the United States govern
ment shall Go so on demand and after