North Carolina Newspapers

FT J DEMOCRAT. YOL. L LINCOLNTON, N. C., FRIDAY, OCTOBER 25. 1895. CARLISLE FOR SOUND MONEY. flESAYS CAffCEI. TIIC DE ItfiKD NOTKS, fjlje Hecir'etary of tlio 1 i'or? theBosttm Reform Clul. NO 6. HOt )eeXteCf Pfl fnllv trnnrli.wl ...... I i I III i i . -nN. m -vra. . MuuviDimm jf-j uucutv itnjismiiou WHICH Il : W 1,1,1 A M Hill K X w,c lu;tuai "mumon here; hut. thervh: racterized aa a Mrtienl mJ free coinage movement ha lost its ilaikierous depnrure Iroin true fi momantnmand U n., longer for- 'uncial principles, if not a serious nirdahlo or i.tfgreesiv.-; It is on inh.tction of the constitution of lb defensive ,,n- and when a ' tru' United StatA Ha UoriK j revoiutionai-" movement is com- gelled t. hair. Hml defend itself. tho process by which thus? legal terror notes aie used to denleta the end is'not far off. , It would the ccin in the Treasury and said Boston, Mass, Oct. 12. The! MaB3achu3ftt s'Reformdub held one of the most largely attended and enthusiastic banquets in its history at Hotel Vendome this evening. More than 300 members and invited guests -were present, flon. George S. Halekthe president, presided. Seated on either side of tea at the table were Hon. John G. Carlisle, who -was the special guest of the evening. Assistant Secretery of the Treasury Hamlin gn& mariy other prominent nieLi were present. - In his opening; remarks Presi dent Hale alludexl to the non-par tisan character of the club and read letted of regret from Senator Hoar, Henry Lee, John DevVitt Warner, of New York, and many others. . i ' (Secretery Carlisle, on rising to gpak, waa received with three hearty cheers, the entire assem blage arising. He spoke for near ly ah hour and was heard with the most earnest attention, many -of his Btrifcing points being greeted with spontaneous applause. His allu sion to the crowning necessity for tlie retirement and cancellation'of government demand notes as tha essential preliminary to the estab lishment of a sound currency was heartily approved, and his asser tion that the credit of the govern ment ' would be: preserved by the . jreVenf axl "mihislt fatioh i n the - only. toanet- by the purchase jof gold km thro'ulr the issue of bonds so ilbng as it has the power, to do so was; received with great applause and cheers.. The Secreteiy, in thanking the t reform Club for selecting sound toitenoy' as the Bubject iot his re- .Inarka, and complimenting Bos toni&ns who, irrespective of politics lHd,"in the most; critical period of : business deposited $4,600,000 in ti rTrSaiuiy : u eclaredf -that the fcier'e apprehension that our cur rency might be debased by the in ,! ability' of the government to con tinue the policy of redeeming its obligation in . gold has already produced one, of the greatest finan cial disturbances that ever occured ; in our history .and resulted in the foal, of 'thousands of "millions of clclfara to our beople. Therewere doubUess other - causes contribu- ting; to this result, but this was the not be correct to say that the con test ifl over, bocauae the sentiment in favor ot the free coinage of sil ver is quite strong in some parts of the country, but it is not strong enough to exert a controlling in fluence in the councils of either of the great political parties, and without this it can accomplish nothing in the form of legislation or in the determination ot admin istration policy. TSo Veil-informed man"how believes iKatrthe finan cial policy Whicti baa been steadi ly pursued by the prasent admin istration will be. abandoned, and foreign holders of our secnritries and foreign investors in our indus trial and commercial enterprises j will make ia'great mistake ffthey permit themselves to be influenced by the fear that our currency will be depreciated or that all our ob ligations will not be promptly and honestly discharged: The propo sition that the United States alone shall adopt the policy of free coin age at a ratio 'which would. make the silver dollar intrinsically worth only about half as much as the gold dollar, and declare both coins the notes when redeemed should he cancelled and not re-issued. "Or in other words," said Mr. Carliale'the debt when paid ought to be extinguished. The govern ment of the United States ought not to be engaged in the business of issuing notes to circulate as money; it is not a proper function of the govern ment, and the sooner this truth is realized by the people, the better it will be for the country. My contention is that the notes ought not to be kept outstanding but should be retired and cancelled as speedily as a sound and safe currency can be provided to take their places. There can he no fi nancial repose in this country so long as these notes continue a part of our currency, because the tact that they exist compels the gov eminent to provide a large gold re serve, which, in the very nature of things, cannot be permanently maintained 'at any fixed amcunt; and whenever it begins to diminish, distrust and apprehension arise iu the public mind, values are unset tled, business disturbed, and more or less loss is entailed upon the full legal tender in the payment I people. The losses alreadv sustain- Of debtB, is so unreasonable upon its'f ace that it" is difficult to under stand how it could. have received Jaoit potent one 'in' this country, and without ifwe would "not1 ; have suffered more than "other parts of the world from" the general depres sion. ' ; " ; - - He continued : 4 What would nave beenrconsC.ehces if these" appreheniionsVhad proved the support 6f" so large" a part of ?5ur people.4' Secretery Carliele opmbatted the suggestion that the gold standard has reduced the prices of commod ities. He 'showed that-the amount of money in "circulation per capita is larger than it was in 1873, whsn the gold standard was legally a dopted. He stated that tho entire Indebtedness of the American peo ple that is the current indebted- nese contracted in oxdinaxy busi ness affairs ha? been increased sine 3 the adoption of the gold standard, and he contends there was no injustice in requiring pay ments to be made in the kind of money recognized by law at the date of the contract. He asserted that the average rate of interest was never lower than at the pres ent time, and that profits upon in vestments have been reduced to the smallest percentage consistent with the continuance of the enter prises in which the investments were made. Notwithstanding this the great body of our producers tne laboring people of the country, are receiving as high wages as they ever rsceiyed at any period in our history, and the money in which they are said will purchase in the market more of the comforts than ever before The constant tenden cy in this country is to give the ed on this account are. almost be yond computation, and there is no good reason to believe that the country can escape further injury Lhev .flre t Cftlled , teatifvnn il 1? L . ' - J . in me luiureume. poncy oi me lU their mind3 had been pre-oc-gorernment is unchanged in this cupiod by lhe pubiicatioDi mde respect, ine xaci mat me sound- on tbis subject in )he newspapers neS3 of our currency depends, or is of lfce day between 1819 andlS31.M supposed to depend upon the In fnot.nota to tiia ibora he maintenance of a certain nxed re- I-aa.., ire mnv.v m ihrti'ii LETTKU. 1810- iir.cf.iitAl Li.. 1im. 'Wtlllnu nl Dfitpoa -Vr AVrouir . In . Tliolr l"lCt Acnluat ttio VOtlk ol Mny Doclnratloim ProfGruham'N Xfltn I send you to-day an ancient document, a letter from Col. Wm. Polk, bearing date August 31, 1810, which I hopo in tins dry spoil of weather may prove inter esting to studenU of local history and also contradict some rash statements of historians of the North who have kindly undertaken to write North Carolina history tor us. I refer particularly toDrs. Welling and Draper. It is claimed by both of these gentle men that the fourteen men who testified to the authenticity of the date on our coat-of-armo, was in duced to testify to the date May 20th, 1775, by leading questions and suggestion In newspapers. In Lhe North Amerirau Review of April 1674, in the most scholarly and able article ever written against the antbenticitv o! May 20th resolves, Dr. Welling, on age 267, says ; "And the attesta tion which they (the fourteen eye witnesses,) gave, labored neces sarily under the suspicion at taching to all evidence given in answer to leading questions, for was ihnt first decliHl ind-jnd-:h.-r that Jnhn Qarry was. It fhc-j. Nnlhii.. l M..u, t.uu nf is alio said by soma that John serve in the Treasury . keeps the bua ness of the country in an al most constant state of agitation and alarm, and is from every preset might have been expected to remember the events of the al- leget meeting it was certainly Col. William Folk. Gov. rr o i. i i v. , . . IO xie oecrevary pmwcu ui nf WilliaTn Polk Rmnntr the t i i i I o spo .sioiiuy upon me peopie ana puM U8iim0QiQ(K of 1S3a and sug;: 3ts that Polk caused it to be omit ed from feelings ot delicacy, He sayf. that Polk, the author of the the r representatives in Congress to c otermine whether the public oVirmlrl Tio i norpftBPfl from j j I bis f ther being prominent. tlm i to time in order to redeem I . and re-issue this paper, which was in lis opinion, of doubtful con stitutionality. The executive authorities mufit obey the laws as the;- stand, whether they be good orb ul,but all the powers conferred upo i them by the statutes he prom ised would be carefully and fear less, y exercised whenever neces sary for the preservation of the public credit and the maintenance of a sound currency. . In conclusion, the Secretary de clared until legislation provides a safe currency, the parity ofthe two metals would be maintained, laborer more and -capital less out correct Ihebvefnineht had miPl ithetoeea of T their joint fact. vo "w,iA At, winder products. This is a Tfixert .law of aintalrx tneteUal :chkngeable iudustrial.progress, and unless alue oflifnlsxiKcrency in disturbed by violence or by unwise v M hands bfttieoptv no mkn legislation; it will. continne to ope- . . can tell, but that ther would have rate uniu ne reiaiions peiwep 'been most disastrous nearly every the two forces are permanently .well ihfermad man now concedes, adjust upon an equitable.basi's. fortunately: one 'of the causes Their Veal interests are notcQn- i'::'hich contributed largely to .prc-lflicting.-but:dehderi fluce afeelirig of apprehension, and attempt to: array one against me ; hich Verv greatly intensified' that' other is injurious to both. Heire- .leeling at all the stages of our long 1 gretted that bne.ofr the most effect p uancial strueele. has substantial- ive weapons in the . hands of oui y ceased to exert anv influenceTfi?fiiWef operants ihaB-cdieretc-: - over the minds of the people nete per consisted of-appeals . to the r abroad. T mpnn tha toersistentl class and atdtional- prejudice, of ; ;and aggressive agitation in favof ofMdJPr free cornage ot legal tender pear now to nave Bpeniirureu, silver, which "for a long r time Vand,'.1 he. jalAed I tbnVwe may: ; wrioualy threatened to reyolutibn congratulate: the,t;oun try unon the ize our monetary svstem and ire- prospect-'of ra more dispassionate daceourentirA vninmAnf rnrrfinftv i arid "intelligKhf disfe'ussioh of the enched letter, did leave a state miir. J);. Draper, in his unpub lished manuscript in- answer "to Gov. Graham on page 24, 6ays : "Hi 0 .William Polk ever givon a statement, it no doubt would have iappred in the Kaleigh Register of lSi9 or 1830, but he (Polk) pre Jerr?u to remain silent." Thus baa Gov. Graham been flippantly contradicted, and thus has Wil liam Polk been handed down by theee over-confident historians. - There are other intonations from these misinformed gentle- and the whole volume of our cur- minai i,0i. n uum x oi. w. rency, paper and coin alike, would terest whatever in the mat be kept equal to the highest ter l urthur than .to correct the in atn,Wl rrnnized bv the com- juatice he thought was done his mercial nations of the world. th S.-iui..ri .l Cutigresi trom this .Stmt, ban claimed this honor for for the people of Mocklcuburg. but a he does so only from infor mation not properly authenticated has TfqueatM mo as leiu?a native born n of th country, to obtain aa mat.y facts fnm under the hands of mon who wero then mi dents vt the county and known to the circumstances which tok place at the time tlm declaration was mndo and subsequently tht.m to, ns wre practicablo in order to enablo him to support the claim onbehilfof North Caruliua and iu particular the countv ol Meck lenburg. I have, therefore, in order to render to our predeces sors that justice and honor which their early exertions in tho caui of lilcrty and independence, of thes Slates from the tyrranny of the King and Parliament of Great Britain, have engaged the services of several of tho old revolution ists of this countv to aid mo with heir knowledge of the facts which ook place antecedent and atihw- quent to the date of declaration. And knowing yon to ho a resident of the countv at th time, and then, aa ever aince, having taken a livelv interest in the affairs of the State, must le in possession of many of the transactions of ths times and of the charactera who were instrumental in bringing about so told and iatriotic a a - measure, have thought 1 could ap ply nowhere with more success than t yourself for correct and miunte information. 1 therefore take the liberty of requesting that ii i . . you win ve pieaseu 10 pui lo pa per by way of certificate, which you will sign and affix your affi davit, all the information you hT possess or can obtain on the tailoring points and whon com pleted direct to my address at Bale f h either through "no of th memlr of the Assembly or by pla:icg it in the postoffice of whici Mr. Yllace is post-roaster. At ".'hat time did the people of Mecl 1 mburg county declare them selvf a free and independent peo ple? Wh was the principal acent and ' ime mover of that bold and patrio tic measure? W l .t were the means used by lhe 1 1: dcr or leaders of the coun ty to j ropose and indue the peo ple t adopt the resolutions? Wii were the most prominent assist nts in the county in bring ing ft out the measure? McK. Alexander waa the clerk; by others that Doctor Brevard was, and it waa him who penned the resolutions whioh wero adopted. Itia also raid that the subject of Intlepvndencn had Un Ulk.-d of among the iti!o by the, Uading and popular men for soaso months before it wm adopted, and that Iho delegates were elected, two from each captain's company ud dar an order from Thomas Polk, thon colonel of the county, with instructions to give them ample nnd unqualified power. That the resolutions wr adonted unani - tuoualy and atgncd by every mem ber and were pronounced to more than five hundred people who had aambled on tho occasion by Col onel Thomas Polk from tho court hou? steps ; who shouted, threw up their haU and buzzard; that, we will r irm ar.d independent. 1 hav mentioned these names and circumsinces merely to givo you lhe opinion f other ani not gov your observation in any respect. Cindour comjwla mo to declare that I ful individually con cerned in a correct account of some parts which I have aaked in formation u)on. otne attempts havo ben made by one or more individuals of the county to Uke Irom mv father what I most .con scientiously Udiove to tx? his right, and that is, that he was only a common agent in the businets now in inquiry, whereas it was notoriously the fact that he was at the time the nlost popular man in the county, and was the prime mover and gteat instrument in ef fecting object, I am with much respect, Yo. Mo. Obt Capt. John Simesou, Mecklenburg County. After me lapie of one hundred aDd t venty years, Mr. Liitor, it woul seem that history might be writt n without passion or preju dice. It is amusine to observe . . throv uuw i ;uis uaie bui? i mr i : i i. : . i ri , waiiu writt- v on Uiis subject trom x-ji!11" Tllil HAYNE AND WEBSTER DEBATE- IMtilHF.D. rrii Dehnfe Oocurrmt 1a Tnniinry 1 MIJO. oo rt 1 IomuIu tlonas las It eMpeel to llio rtxlllb Presi i nU, doctors ol divinity and law I hopB,'president ofcollye, dowo to lhe humble lavmcn. John Adams writes Tho. Jeffer son: Had a paper similar to thi May 10! n Resolves ever appeared I wot: d have made th halls of Cong:? resound vrith their prais J " Now the researches of stude its show that a paper resem- Tli who ri-ad the addrwea of Senatiir IIoAr, of MaschrLsetU, to which the MeftM-nger haJ ' tdi tonally referred alivady, tacit" have Imu gtvatlr impr-l with it- very high eio-Ut-xto. It is really if i rr uriir quality," and tin t - Ut if th kind " wo hav- r-ad. Y- dir trw lr rfffT li n iif th gnat dbmt of thf grjit New KnglandHiw th lie h h-ld with Sfiftttir ln-ri Y. Hayn... .f S.uth CaxulizU! The latter m forced into the dli cushion bv Mr. Wtl-tr. Mr YI-tr uht lit have xast ' Mr. B-ntiti (a gr-at natlrs e.n ! .urth Lartilmi Lnt S'liatur f Miouri.) who had uiad a harp rrilicUm of Near Knglatid' nurx toward the Wft, but Wt?latvr mid"d hLm and tMiuht Mr. Hayn Ustiun he wa fnm the Suth. W do not 1-lifVr that "either tradition GT fact aa handled by the admirars of Mr. Yetster, have ln fair & 1 Mr. Hay ne, who was an orator c! high atid commanding gifts, a 3 Iat man f gret widom "aa3 sagacity, and a gentleman of the very highest ty. 4, Gen. ClingmaJt, of North CaTw lina, mi long Heprtntativ Senator from North Carolina iu us in that George McDufit, ' of South Carolina, wm the grsat- nit orator he had ever heard. It waa Mr. McDuflic's opinion vht cux. nayne got a difed advat- airv over Mr. Wvbs'tor. HU words -axx '1 think every impartial judge will agrvu that the reat chain i "on of a conolidatrd Gov- ernnrrt, without limitation cf Powe: was completely ovr- The debate occured in : ISr), on Foot's rvolu-r-p?ct to the public lands. jl xx -ally but little debate : a to e resolution itself. It was.- rall dicuion letwyn. two very ie men as to the contitu tiona limitation and powers. ol thv 1 ..ral Government. Mx McDi and W. C. Pre ton, tiro of lh r.vat eloquent and eJ relive crato in American Litoryr held Mr. I! vr.tf twUc noble and txjtr ar- aid J told Wi; t are the names of the del-jbling this was on July. 1775, print' d in his own State papr. Secretary Carlisle was followed by Councillor J. R. Leeson, repre senting the Commonwealth, Col lector Warren, Charles B. Jack son and Hon. John E: Russell. The latter paid a glowing tribute to the work of the Secretary, de claring that no previous Secretary of the Treasury in the history of the goyexninent had encountered so great - difficulties or mastered them so easily ; that the action of the President and his Secretary in the father in the Raleieh Register's account in 1819. The letter m clos'kl is m the handwriting of William Polk and the original is now in the safe of Messrs. Mar golius, of this city, who found it among soniA old papers purchased by them. Tbey have kindly copied it for publication in your paper. It is addressed to Simeson and your readers will note that no leading questions are asked aa to the date, and the inference la easy that these same interroga tories; were .profoundedto all of trbout half its present value, subject hereaf Ve'r. -We're - 'ifcf&Sffi ;tfie?,eent iC Sw'retery Carlisle went on to say lu&U werd -t lAftot renannvKtAifia anfKe.iAiit. to -insure ocrmaUent Wrw- 1 - m -.. T . . a ' - A. v "us tor Bucn a tear -upon tfiet financial peace in 7xnis counuy Pa?t of investors abroad who could He reviewed the legal -tender pa . - . . 1 A J I mamiaming -me guYeni. fourteen men who testily, credit through tha greatest nnan-JTh m thftt Col polk ciai panic in ma nisiory oi " Waa:. interested, in thia Rlonous country entitled them to a monu- eyent ftnd him more ment more enduring than bronze, Dthef WQ ftra iDdebud for and that Mr. Carlisle's speeches ' T. infavorof sound .money during 1' 4. xxu: the crisis of last summer had , . .... turned the.tide against financial k --- i' - - .1 irraa t m t Mm on . W 1 1 1 1 m A the country from financial disas- " Juvlt' " - l ' pe hHott Observer. ' 4 Wixdwoop, Aug. 31r 1819. v -v-- I n . . . fff..r-rv. . , j jjjR oat: mere is znucn vie- -I 1 ',. ' l ':a 'l r: :i- v.otv. hng nd contest -among ta Statet, Hood's P.lla are purely vegetable I b . o5rt nni nL. raio or gripe. hnd wctiona . of State m the Bold by all druggiahf United States, when and who it egatf who signed the declaration? W:i-i was the cbairmau of the comniltee? V!w pcDned the declaration t Whr.t were the consequences which resulted to the county by this early resolution of the people o absolve the relation between them and the' King of Great Pritain? What kind of government did the people adopt after having with drawn themselves from tho au thority of crown laws, and by whom wer the Jaws that were adopted administered? In tine, le pleased to give all you can at this lato pariod recol- loct or obtain which, will either substantiate the fact, or elucidate the transactions, of the then timet. I have had conversation with soveral old mon since 1 came into the county, on these points, and 1 gave their ideas and resolutions as stated to mo, for your Informa tion, either to improve upon, re- ject or acquiesce in. Uy some it is said the commit m fa tee waa composed oi inomaa Polk, Ab Alexander, John Phier, John McKnitt Alexander, Benj. Patton, Richard Deny, Matthew McClure, William Graham, Here, kiak Alexander, Jonn Query, John Ford, Rev. Hex. James Balch and William Kennon, Robert Irwin, Zacheus Wilson, Neil MorntOL, John Flanniken, Adam Alexander. It is also hold by some that Ab. Alexander was the chairman, by erful ;-.akT. Mr. Preston. ds claret: writ- spt-ech of Hayne'a t ' 1 " 1 ... .-f.- I" AT giving five of the May 31ft Re- ' uv,uWl.U(uuiuWH solves Why didn't President ioqu.-:.ce l have ever heard. It Adam i make Congress resound inpiid th.- hear-rs with -irr- with hfm? John Jay. our first phle rnthuiaim. 1 was-agi- I. Al l tl 1 - - - Chief Justice of the Uuited State I ana Kuwuea under in laid : I never heard ot Independ-1 Huence. Many wept from exeit ence until 177o, whon in a Newracnt." Mr. McDurhe said hi in York paper near his home in the .n.ui And murm. nn.t1t:M summer of 1775 five of the It-1 mv . . . mm . . sdves of May 31st were printed." " V Our own Governor Iredell said, he adorned with great wi,duia such never beard of Independence un- a ditinguihed but few zaea, til 1770. In his correspondence You will find a very biih txibuU published by MclU copied in iri hi ..Kulorr on Hame'a -Life 0 Jones' Defence, page 314. we find a letter addressed to him bv Wra. Hooper, of North Carolina, dated aa early aa April l4 with languaco as follows (showing how mistaken he was): "With vou I anticipate the important share the Colonies must soon have in regulating tho political balance and Character . deliwrwd At Charbton in 1&4U. Judo O'Keal v - ho antagonized Hayit. - aid- "few greater or letter taen bafw ever lived. He was a aLatetman of great wisdom." Mr. Wettr ' al- &id him in 1847, a touch ib They are fast striding to lndepnd- and impreaiv tribute. ence, and ere long will buihl an Mr. Havne has len dealtr with Empire upon the ruin of -Great unfairlv , bo-A-maken. - Ex- BriUin ; wilt adopt its constitution 7 v . purged of its impurities and from tracts from Webster aboard in an experieuco of its defecta will the schoul tpakers, especially the guard against those evils which clo of his magnificent speech havo wasted 1U vigor and nrouuht aimed at Mr. Havne and through ,t to an untimely end.' him at the South. 1 challenge Virginia or Massa chusetts to produce an allusion to The late Henry Watkins Millar, independence bearing daps as early one of the ablest orators, politi aa April 20, 1774. The memory of cnin4 aud lawyers of 'North Caro- inepaiXlOiwnopjnnMioMu iiujl (he lived here but waa bom has been defended by Jonea In 1634 . ........ t ,u and more recently by that splendid m -rgmia). told us about address by Prof. K. A. Alderman that nearly every sentence in the at the (tullford ' battle ground, magnificent closing paragraph of Now is it not a trifls humorous that WeUter waa purloined, and cave Jefferson abould say of Wm. ulfflnrnrfi ' T(MV Uooper that "be waa the veriest our or five wmplea. tt, re traitor unnun7rt memUr only his cnbbaga from Alexander GuiriAV. Milton of full high advanced." Charlotte Observer. (Continued on 2nd page.)