The Birmingham age-herald., 1914-05-04

1 or the returns TOT sosefnoi III nus dse | election 1892 we come to the election for representatives in Congress in Novem- Der following: later in the same month, | to the assembling of the legislature, l elected on the issue of choice between Jones and Kolb for governor.
 | It was a period of financial unrest
 and extraordinary business uncertainty. The banks were united in an effort to make gold coins the single standard of 1 money--"The money of the world The producers of the country demanded an | increase of the circulating medium rather i than contraction as the scheme or the banks contemplated. They wanted cheap money not cheap labor.
 1 Free silver coinage was already aban- | doned. Instead, the sherman law of lS5o, 1 was in force and it was this law the ouired the Secretary of the Treasury to purchase in open market 4o0o ounces of silver bullion per month. lie was 10 | pay for the bullion in a new currency, manufactured for the purpose and de- nominated treasury notes Treasury notes were for issue only in the purchase or | silver bullion, but were current in gen eral trade The Secretary was required l to coin in dollar pieces enough of the silver bullion to redeem the treasury notes on demand.
 | The question of volume of currency was
 believed by the producers universally to | lie at the bottom of the universally per- vading industrial confusion and distress. In evidence of this truth. each of those | national parties, the republicans In power at Washington, the democratic 1 party in close rivalry, and the newly or ganized peoples party pledged itself to the double standard. gold and silver. | The national republican convention in session at Minneapolis, June ', 1892 de- | clared for 'the use of both gold and | silver as standard money" and upon that platform nominated President Harrison | for second term. Two weeks later the | national democratic convention assem- | bled at Chicago and declared We hold | to the use of both bold and silver as the | standard money of the country" On that l platform ex-President Cleveland was nominated. The peoples party met in na- 1 tional convention July at Omaha and declared: We demand free and unlim- | ited coinage of silver and gold at the present legal ratio of 16 to 1' Upon 1 this platform the convention nominated | General J. B. Weaver of Ohio for Pres | ident
 1 The senators in Congress from Alabama then were John T. Morgan and James L.. Pugh. Both men were extreme advo- cates of the double standard; both had opposed with energy the nomination of Mr Cleveland The representatives in Congress from Alabama were Richard H Clarke from Mobile, w. C.. Oates from Henry county, James l.. Cobb from Tus- kegee w. H. Forney from Jacksonville Hilary A. Herbert from Montgomery. Louis w. Turpin from Hale county, J. T. Bankhead from Fayette county and Joseph Wheeler from Lawrence county l No one of the eight representatives in nv,o1 mar f. | terance on the question of silver coin | age Each and all had accepted their 1 commissions in 1890 upon an open pledge l to repeal all legislation hostile to free and unlimited coinage of gold and silver and 
 derstanding of what constitutional gov ernment means. Therefore in China | something which, so far the enforce
 ment of authority is concerned. resembles | a benevolent despotism now the real government of that latest of republics. A Benevolent DespOtism
 l If the man can be found who possesses the qualities which Mexico will need If absolute peace is to prevail and her pros perity is to be restored, then there is no doubt that commercial, industrial and
 business activities of all kinds will be re-
 stunned in Mexico and there may be strong | encOulaBSinenl loI thc HNcSehiSAie o~ | flesh capital in that republic.
 l It is the expectation that speedily | strong and yet beneficent government will | be established after mediation is com
 pleted. This explains in part the strength that for some days was characteristic or the exchanges.
 A Greater Consequence
 Last summer Charles s. Sherrill, who was for two years the diplomatic repre- | e., tx, wQo oD- | tina, said in public. and more emphatlcal- | ly in private conversation, that it might I be that our strained rela tions with Mexico 1 would at last demonstrate the strength ! of the moral influence exerted by the | United States over Mexico. and the con 1 fdence in the United States which now characterizes. as he believed, the people
 of Brazil, Argentina and Chile. Mir Sher- Till went so far as to say that if it were | not imperative for business reasons that he visit Europe in the expectation of spending some months there, he would publicly agitate the proposition that the 1 United States, in cooperation with the great republics of South America, un-
 dertake to restore peaceful relations ill
 Mexico.
 1 If that were done. MT. Sherrill said.
 there would be demonstration to the 1 world of the magnificent strength of the nations of the western hemisphere, a l demonstration which would be of incon- ceivable importance.
 In we'll informed business circles in
 this city the sudden and profoundly i'm pressive attitude of the A, B, c, nations of South America. so-called, is spoken fof as likely to lead to the most impor-
 tant developments consequent upon this
 crisis. It, of course, puts an end to the
 argument made by Huerta that the at attitude of the United States toward Mex l leo would be resented by the peoples of
 all the Latin-American countries. ! It was said today that many persons
 at the beginning of the warlike attitude made this remark No one can tell what
 the ultimate result of war with Mexico
 will be- That thought was echoed by for I ner President Taft when lie said that no one dreamed at the beginning of our wat | with Spain that as a result of that war we should take hold of the sovereignty :, of the Philippines. It has occasionally l been said that no one drea med that m
 the result of our war with Mexico in the l administration of President Polk we
 should secure the Californias. New Mex !ico and Arizona. thus extending our do- iminon from the Atlantic to the Pacific. It is already subject of general com
 ment that in all probability the lasting
 effect of our critical relations with Mex leo and the pacification that follows will be the demonstration of the solidarity tof the nations of the American hem
 isphere. including Canada