Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1908-07-10

imous in their sympathy. He delivered
speech along this line in Ohio few
years ago, and he was amazed at the
laundering applause which met dec
laration he made, to the effect that he
believed that the white citizens Of the
United States should govern the coun-
try. He briefly discussed the Unequal
tiles Of the present currency system
Referring to the recent panic, he view
ed the manner in which all OF the
available currency was quickly con-
centrated in New York. and how be-
cause New York would let loose moth
] ing the balance Of the country was
paralyzed. 1t had been proved more
than once that the danger Of our pres
ent system is too great tendency to
concentration and contraction, and he
offered as a remedy system whereby
the local banks may make their re-
sources available for circulation. His
idea is to make every bank the guar
antor Of the notes of every other bank
and thus put it in the power Of each to
furnish all the currency that may be
necessary for the absolute business
needs of the community in which 1t
Is located. He briefly discussed the
railroad problem, taking the position
that all that is necessary Is to make
the railroad people realize that they
are operating public highways. He
NJ 70 inii
he does not want to decrease their ef-
fectiveness., He merely wants them to
accord equal justice to every locality
through which they pass. He told
how during the recent panic, he went
to Washington to beg for aid in mov-
ing the cotton crop, and how the treas
ury department was not disposed to
listen and talk of help for anybody but
New York. His currency plan Is based
on the idea Of putting 1t In the power
Of southern banks to help our people
hold their cotton when they so desire,
and to finance home enterprises inde-
pendently Of northern capital. He Sc
verely criticised the present banking
system with its currency based entirely
upon government bonds. owned princi-
pally by the great capitalists Of the
north who are thus enabled to manipu-
late finances as they will. Mr.. Rhett
concluded his remarks with person.
al statement to the effect that one or
the candidates Is taking it upon him.
70 h
that he, Rhett, is not a Democrat be-
cause he did not vote the Democratic
ticket in 1896. He said that he did
not vote at all in 1896 but that he had
been Democrat all of his life and he
is Democrat now. He Is now a
Bryan man, hopes for Bryan's election
and believes there Is a good chance
for it. He said that the gentleman to
whom he was referring had supported
him for delegate at large to the ma
tional convention four years ago, and
that shortly before the recent state
convention this man had sent word to
tain man Of his choice for delegate to
the national convention he (Grace)
would not run for the United States
senate. Mr.. Rhett declared that he
was not running on the dement's of
any man: that he was presenting him
self to the voters on his own merits;
that he would appreciate all the votes
he would receive; that II elected he
ori, ha hn
that lay in his power and that II some
other man Is elected that man will re-
ceive his heartiest support. He be-
lieved he could be of great value to
South Carolina in the United States
senate, and he could conceive Of no
higher honor than to become the choice
Of the voters Of the state for the posi-
ton. When the chairman called time,
Mr.. Rhett sat down amid loud ap-
plause.
Mr.. e. D. Smith.
Mr.. E. D. Smith was introduced as
the next speaker and having made
friends by previous visits to the coun-
ty. was received with applause He
began with a joke about the young
man who was unable to interest his
girl until he put his arm around her
waist to illustrate an allegation that
there had already been a great deal of
talk to very little purpose. We have
been told, he said, taking fling at
Mr. Rhett. that we want business ad-
ministration and not a political one.
He wanted to know If the successful
farmer, the successful lawyer. the sue
cessful preacher are not business men?
But these are evidently not the kind
of men referred to. Who are the bus
mess men who have been exploited In
the newspapers and the magazines
Hartman, Rockefeller, Morgan-men
who have exempted a large share of
the public wealth for themselves and
friends to the exclusion Of ourselves
these are business men. Mr.. Smith
next entered into a discussion Of the
currency question and explained how
1t was that when the volume Of cur
rency is restricted and prices go down,
the man who has the ready money can
buy two cows with the same money
that was required to buy one before:
how the man who has something to sell
has to take half Of it's value. Along
this line he criticised Mr.. Rhett for
having refused to vote for Bryan in
1896, when Bryan was trying to de-
crease the price Of money by means of
free coinage. He accused Mr. Rhett of
having stood aloof, refusing to CO.
operate with his fellow Democrats.
But he concluded, I'm the language of
the great church to which / belong,
While the lamp holds out to burn, the
vilest sinner may return" Next Mr..
Smith entered upon a discussion Of the
tariff question, pictured the iniquitous
motives lying behind the erection of
the tariff wall and the unjust hard
ships that had been inflicted upon the
people of the south. Then he went on
to show how three fourths of all the
gold and silver that comes from Eu-
rope to America is brought here to
pay for the southern cotton crop. Ev-
cry time cotton goes up cent pound
it means from $40,000,000 to s45,000,000,
not paoacco rily m tho SolIth hut 70