The News and Observer. VOL. XXXIX. NO. 21. TOOtE ILADBOEgIT ®F &m GTOQmfl QDAQIUf- SILVER WAS HIS THEME SENATOR JARVIS SPOKE TO A LARGE CROWD YESTERDAY AT MORGANTON ON THE FINANCIAL QUESTION It Was the First of a Series ofSpeeches Mr. Jarvis Proposes to Deliver in the State in the Advocacy of the White Metal—He Denounces the Recent Panic as a Conspiracy ot the Money Power-Shows that as Gold Appre ciates the Price of Products Falls. Special to the News and Observer. Morganton, N. C., Aug. 27. Judge By-nun adjourned court at 11:30 o'clock to-day, and according to appointment Ex Senator Thomas J. Jar vis made the first of a series of silver speeches he is to deliver in the State within the next few weeks. Senator Jarvis was introduced by John 11. Pear son. The court house was crowded. There were many Populists, a few white Republicans, and fewer still of colored people present. The speaker was in good form, calm, earnest, indignant upon occasion, and eloquent at the close. The attention of his audience was marked, his argument lucid, exhaustive, and full of common sense. His illustra tions, though homely, were effectivee, and his speech had a good effect upon party prospects. This is the universal opinion. He said the people were sovereign. The power in other governments was from the king down. Here it was from many kings up to their chosen servants for the time being. The driver of the presi dent's carriage, Carlisle’s servants were at the ballot box equal to the men em ploying them. The financial policy, he said, would be settled finally exactly as the sovereign people willed it. It might tabeone year, two years, many years, but in the end their decree would be law. The money question would not down. It sat by every fireside, hovered over every indus try, was uppermost in the thoughts of every man. He did not profess to know all about it. There were men present a* well posted as he, some of whom differed with him; there were others who had not given it mature thought, to them espe cially he spoke. Bi-metallism and monometalism were explained by the speaker. A monometal list. he said* was the man who wanted only gold. There were, he declared, two sorts of money, primary or redemption, and re deemable or secondary. Primary money is always metallic and by it all property is measured If be bought a house in Morganton for $2,000 and gave a check on a Raleigh bank that would be secondary money. If the party selling again bought and turned over the check, and deeds were passed, yet values were reached not from the* check but from the redemption money, none of which kad yet passed. The check was only a medium of ex change, valuable that far, but of no avail in fixing value. A dollar was 3711-4 grains pure silver, 412 1-2 of standard silver so made by the father of the Republic and continued the standard, as three barley corns made one inch. The Republicans were the crimiual authors of the act of 1873 since which the purchasing power of gold had been continually increasing and the price of all produce continually decreasing. The remedy was to restore silver to the place it had before 1873. Senator Jarvis declared that he was as ever, on that line, not to be deterred from maintaining it because the Popu lists occupied the same ground. A man might come into the Speaker's house if he behaved, and remain; but he should not run the Speaker out. Ideal money, he said, was fixed and stable, preventing the enhancement of debts, and assuring the creditor an equit able pajment. Both metals, notone, experience showed to be this ideal money. The present low prices were the direct result of gold's appreciation. Casual causes, local incidents, and over production had been cited as ac counting for the great fall in values. But statistics covering years showed that a ruse in gold meant a fall in wheat, cot ton and bar iron. “Open the mints,” he cried. “While the French mint alone remained open, silver maintained itself at 15£ to 1. Open mints was Democratic doctrine fifty years before the Populist party was born ” He mocked the shriekers for an honest dollar. In fact, the best part of his speech was devoted to this. He read copiously Goschen and Bishop and Walsh, to show that low intenst might accompany scarce money, and metal lic payments were not necessarily