Newspapers / The North Carolinian (Raleigh, … / Sept. 1, 1893, edition 1 / Page 1
Part of The North Carolinian (Raleigh, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
VOLUME II. NUMBER 5. RALEIGH, NORTH CAROLINA, FRIDAY, SEPTEMBER 1, 1893. PRICE $1.00 A -YEAR. PASSED THE HOUSE. 4 r Ot R RKPRKSE VTATIVrJi II l TO SAY OS VSVOSltU TIO.I. REPEAL. I It ifcr I rti nmht Iroaa Sotth ( tlla mt4 for rrr ! . VteIIW the 3faU ..,.(., J la Ike Tk roiUo f f. Itelaa4 aa4 IhU Party tar vir yetia Spree ae Irow Oiaer .w. WASHINGTON, U.C.. 131! II Sr. X. w.; August SO U-r tV iojr in thw IIou? Uovi-r, rr-;.lol won by a majorit y irv as an Uly h.vl predicted. 7 , ..ivl.ttonal rrsU of the Shrnnan ; , -rwL It U not seriously con !, !! .' the II d.ffated every ;r - 'k !4iog toward replacing the , run L by other dmrr legislation, nui ;. -n' i-- ranging from 77 to 123, . r! . r.ate mil many days in , 'T'.r ' This oncurrr:e wipe man U the statute books. : i rJ witiMs.ed the Tote on v : . ui a Lrgrr crd prvent - , ;-U; l hear the conclusion of .-.it iMte. 1 1 will g down in . --. i .n- of the mni important do- ..r h !! in the House of Repre-N-t in twer.tj years have . &-f rii'Jet:t -ct.-S on a , .,..' Mtal importance Iwn de- . S t:f ltoue a during the Silver Ii culminated Saturday in a ' A gvat perch vmnle U .:-i".jhran. the fannHia Tammany r a a. tnng in standing by i -nl m hi jtth here as he t 4 ?it fjitton to him at the . . . -'DvrrtK'CL. Hut he went a kng . : 'i t'- r than the !n3dett ha ever r I U Iteve he ever w ill eu and . r a ;!.! htnirlf a tuono-tuetallbd, and ,t e'-e tj.e trouble with the country i i. fck.t .t liad a redaiwlaneyof currency. I" io-I--d. a novel idea for o great -..in t advance, when thousands of sii .:.' E business, houses are failing ete rv di lvaue of the great scarcity of u..r..-j. II- is a big speaker and a great rv-r. arid tt w no wonder that he charma TjuBaijy brave. Ilia argument in r a cc'.e g4 I tandatJ cm vx-'..i.-r...- and able, and made a profound ; .,m.u. But it dhl n4 represent ttr r...'i:ht of ture tban trn r r cent, of f." I vtii.cratic party. Ilia p action, in with that of Senator Hill", t that he looVs at the question from aarrow limit, while Senator Hill, pro- ! '...'...n hinwlf a bi-uit taUtt, tale ' r t view of the iher quition. The funnies pfxb made in the whole .. imtm A4 made by Mr. Allen, of Mm- i. He w a very iwlemn man of !ark ia.f I !n, and he tanIa in the o-.'rf j'm tellm but jAr with aa much rum.tj a if he were preaching a fan rI rm'Q. ThL solemnity adds to t fa of hi really witty joke. He bvfhn li 5prevh by saving that he waa ft r r.tlf for thu tanic; that he i -i r. h. anl nneT; that he kept all hi ii ciauution. He had done about 95 jr t.t. tkf Ll bu.ine on cmlit. but he 4 ! r. think it a pd plan, a all hi of the unreasonable hoarding of curren cy throughout tho country. Ho took great delight In the division on this line in the Democratic party, and called the attention of the country to the fact that the Democratic party was responsible for whatever legislation was enacted, and predicted that the day would soon come when people would call upon the Repub lican to "lead this land to the paths of prosperity and fame." good securities is infinitely of more value to the people of North Carolina than the free coinage of 6ilver." The owner of silver mines are unwilling to assist the people of the South in getting a largt circulation except through the ase of silver, and we cannot therefore have an alliance with them that is permanent. Our advocacy of free coinage has no ele ment of selfishness in it; their's is alto- which has been withdrawn, to return and make investments in America. As I understand it, Mr. Cleveland and his associates believe it dangerous to couple the repeal with any other financial leg islation for fear that anything which might take its place would fail to bring about at once that restoration of confi dence which is so much needed and which is essential to prevent sacrificing the crops this fall. Immediate action is gether selfish, as is shown bv the fact Mr. Bland, the most widely known and the thing. It will be better to pass an that they are unwilling to help us in the moi earnest cuampion oi irw coinage, Imperfect law before the cotton comes enlargement of the currencv exceDt in made a speech w hich read well He is upon the market, than pass a perfect law any other way than by the use of their not a greai orator ana tney say mat neat January. The Senate will not be silver. w benever be goes to speak be starts by excused if it prevents a vote by filibns- putting a large chew of tobacco into hi tering. There are occasions when filibus-1 It has taken 30 years of Republican mouth, whether true or not hi delivery tering is not only wise but is also a kg!'01 which has been theembodi la poor, but he is wrll pitted, and per- J furtherance to good government. But I tnent of extravagance and favoritism to hap no living man knows so much in the stress of a panic there is no time I a certain cause, to bring about the evil about the silver question from a free-lor excuse for it. The Deoile want to I condition that now confronts us. No coinage standpoint. He intimated very I know what is going to be done now. I sensible men will expect in one short ex broadly that if the Iemocratic party Thev want somcthinz done now. Pre- ra session of Congress this tide of evil failed to give free coinage of silver, that dictions are made here that the Senate I anl injury to be thrown back and pros we had come "to a parting of the ways" I will not allow the bill to come to a vote perity and success again assured. It will and that Mr. Cleveland could not look U-fore Iw,-mtT hut t do not )liv take more than a Year to undo the bad for a united Democracy to sustain him in I any such predictions. The present indi-1 ork of thirty years, and reasonable men hi administration. cations are that bufore tho middle of who believe in the principles of the Deni- Among the other great speakers was September a vote will have been taken ocratic party will uphold the hands of CoL John R. Fellows, who made a stir-land that the Sherman act will be re-1 the Democratic President and Democratic ring appeal to the peopleof the South not pealed unconditionally, or it will be re- Congress in moving slowly and surely to be led away by antagonism from their pealed with a provision something like towards the establishment of better con bvt friends in the North. He recounted the Bland act through the medium of a ditions and juster laws. It was the the friendship of the State of New York conference committee; but the burden of far the people of the Sutb. and said that opinion, however, is that it will le re the natural allies of the South were those iraled unconditional! v. of the east and not thocof the southern producing States. The debate was closed by the introduc er of the bill, Hon. William L. WiUon, merest folly for those of us who have fought all our lives to bring the Demo cratic party into full possession of the government to lend ourselves to destroy the good - effects of our own government by too early and too precipitous criticism If we cannot trust our own people, our wrought. We have not misled the peo ple. The Democratic party has not been untrue to its pledges. It will not Ihj un true to them. But no short-sighted view After the rejieal of the Sherman law, what next! There are a great many Democrat who believe that with the re- who made a close-cut, logical speech, I peal of this law there will come an end own nominees, then we have misled the such a he alwav makes. to financial Wwlation. I do not entpr- people in declaring to them that the "The Sherman act," he said, "was ex- tiin nv n.h oninion I have no doubt Democratic party was the agency through necteu to raise the value of silver bullion. I , ,n ,i.lllt ,, f,,., .h.i Mr f1,v.l.,nH which their deliverance was to be I ..-. r . T I I . i i . i . - - . ..... - - - . thai it would expand the cum ncv and an1 h,s advisers will earnestly set them bring renewed prosperitr to trade. This selves to secure additional legislation as ei-ctatHn had been equally falsified, will safelv enlarge the volume of money .a a mauer oi iaci ine law naj j . . paniC ant UlSireSS. 2l r. I ... I tf u-hot t li 7 mov n-Af Kara flrknA Wilson Pointed out, too, that "repeal Uon- IIM,ml 1 no Puna npoo -j - - could not demonetize siher. for this had which to believe that the Sherman law n "e nrsi six montus ougiu to gie rise ox-curre.1 a far back as The pro- will not be renealed and then even thine to U:ustJ anJ inconsiderate criticism. pM"l bill would not demonetize a sinjrle -;m f,.rw ,.r.i.a i .i,.,k k wvi ra;t). Before Cwnsress adjourns at its regular stiver uoiiar lo-uay circulating anywnere ... T .. p-wion thrvu TVmn-rit who - -ri.-, k.ii I....T of the Dem.xratic party. One year ago session those iKmocrats wno to detr.y, but to save. AppUuse.) It we were all throwing up our hats and disposed to criticise the administration had come, nU to strike down silver, but shouting Democratic success, and no wiu 06 loudest in their praise of it, in to place it at once and forever on an im- m.ia nr r,!-- rnr tr rt..v.! m.l my judgment. At any rate the admin- pregnable bast with gold in the circula- . - . " . MtM i.stration should be iriven a fair trial, and uon of the country." Applause, .""'.""""! " " . ," . .MriK., t tK . .. . i ne nas noi accomDiisueti me imnossinie. ""' - m w " " . , v . J :' : viU which it did not cwate. hut wl.le.h "Will the Isageof the bill necessi- lmm u,a"r. "iloriaui - ----- -- " V"' " tate the sale of Uuids in order to secure though it be, be has not taken the posi- " "' -"SJ ' gold I" asked Mr. Martin, of Indiana. tion many of our people would have "catl p:irty. "A question of that kind must be an- b,.,, hili to havo hiin uVef these very swered in life light of experience, re- , , , , , ,, . , pl Mr. W,Um, "not in the light of men who applauded him then are ready prophecy. In the light of the experience to condemn him. I do not lose my faith of I'ratice, of tiie Scandinavian nations, inya good man so soon. It is not wise to of Canada, of Holland and of Java, I can jmpUgn his motives; it is not just to put merely repeat ; my ,,k that the pas- him in a fabje attitU(Ie and mi8iead the (rvi litis out n iii ouw nuu lureirr . . . r..tnM;iv.-riA r.ritv -nh m.i. i n,nwiile by saying that be is interested there will be no neeesity for the govern- chiefly on this question from the stand tnent to issue bonds for any purpose, point of a New Yorker. He has always l.M'piause.j came wi.n u noi omy h t, t hi intercst io the country tween gold and silver, but it carries a parity. Applause. w -- t S a . nr. .MC.vuun inquireu w miner me gt ntleman proposed to follow this bill up with a proposition for free coinage. Mr. WiLson rejoined that he was satis fled that it was the earnest desire of the There is much popular misunderstand- I do not lose my faith " " w "l ",w "l luc - I c u l . i. v - v. . ...... 1 . l. .. . : . oueriuau iav. ii urns uvu Mitiuu tiutt it will demonetize silver. As a matter of fact, silver was demonetized in 1873 by a trick and a fraud that has loug since been exposed. The bill prevents any further coinage of silver, but it only pre vents a restricted coinage which Senator Hill truly says is worse than no cur rency at all. A repeal cannot injure the silver cause; it should help it. It paves the way for other and better legislation. Until it is out of the way there can be no ver under existing conditions and that I of our the furthest he would go would be to pelted people ought to ho com- failed east of the Alleghanies it made no or not, they are the ones for whose bene- the ones to u ill tali, t American mint a. He Quoted the titter- a T v , .ZZ y- viu auu piaw u auu 4ii serves . mem as money. Kattier ante of the Charlotte Observer and said payer and debtor and to the wealtn of it at a minimum price, and the farmer 10 per cent tax on the State bank circuf it ana neany an omer uemocratic eai-1 '"c uaiw treuimr nuu iub rvcipicin oi rcaiizeti no increase in price ny reason oi lation no amenatHl so that St would placv tors and speaters were gumy of incon- . J ' . t""1 " l,yl -Jop ,u iwauij . i ney na v i ia ou i ue oiu in a Mate uinerent ironi Jed to conduct their busines on difference in the price, because the rail- fit it remains, and thev are th favor the coinage of the product of the T1U . " 1 QO . tn;nK mey roaas would Dnng the wheat from the be benetiUnl by it, and they wi gradually adds payer and deb the deferred ere i j I a U1" luuuuie. n uj, me w,uw wm w a suon ctod in nis locamv. inev nave I a tax on the bi i in stt d ff.r,.nt tmni sistencv Ha denounced the Democrats SJ'JSS?1'? f.SngreSS m 18'3 WOrth carr,ed thls systvm to &wh a that in which it was issued. That woulji sistency. lie denounced ttie democrats 7j000 or $8t000 now. measured in perfection that there is not a farm pro- keep these State twnk bills from iroinS) "r gagging ine ttepuoucans, ana saia modities. In a less degree, Mr. Speaker, duct in this broad land but has to be into States where thev were uot wanted. that he would be willins if ho had anot-1 this is true, also of our silver coins, and marketed in this cduntrv at tho mini- "Manv wnilomon h. hv V A I y ', . I . o - - - " V www w.. mm portunityto vote for a bill to coin Am- i P5 gentlemen on ttns U6or will not mum price on account of this very fact, engaged in fanning do not know how eriean Kilvfr nmtpftwl bv a tariff nn anv 7 v.. m.kwh,, io a, iu musuaio mo vumi w iuc raunwi miimrmui u is lor Ul tanners to nave . . . ' r . 7 . . . " nxea measure or values. system on farm products more ful v. let money from Mav to AmniHt. whieh Uth foreign silver that might be brought in. If we were obliged, then, to demone- us take beef cattle for an example. They time in which the crop is made. If, by TT 1 jf T 1 t. -It a I -2fA n:uAH .a ,L...1J 1 1 J I 1 A . A . i . . ' . xio was aiso in iavor oi iouDson s via 10 j citucr xutjiaa, u suoum ue guiu. are oougat m me western country ana reason or urougbt or any untimely eir- allow private holders V.--J. a. 1 au a uouua io u.ooiuecaie meui wuu i,uo dta furnished bv the Statistical Abstract is drvssod Uf l mlp Imt it i .h,.n l...n lh..v n..t ...t il,.t ,HI,..J t j - rr a . I . . . : i - - - -r . w . . ..wam- j as- v u i v injury a uu receive ireasury uoiws w snownng the fall in prices, from 1873 to that is to say, it is shipped at such a go to the store and buy goods to ex4 iuo tuu iuc ui tuu wuua, I iwi, v. incuij-iuut win muu it iu- i ww rate luiti. ine uiiuiiuuiu price i lire- i ciiaiiire ior moor, iv uiaktM tiie imertwL: I J mi a, I . .. . I 1 TLoagh Tom was happy in his speech, wuaing suver. ine average Tatr ot served an along tlie entire line wherever too High. ow, if they can get this old - - - - I T-nmir t- ir - A.. . T -rrv . - ...... I IT A. . . I . 1 .11 1 " . , he is not a very happy man. He is "not l""T - w , 71 ,, 1.ruu,luu ''8 mnj io.n, sir, out oai Kiug system me lariuers can pool iu.j uiou. o I nunts o (unto whllo tho fall in cilvor tal- oven .ttnn tho mHl i, nv m f f 1...! u-.t., ik.. .... I I ... ....... was from 100 to 76. The silver, there- the country can receive it. brought from put their mouev in there a thev have taming nis seat and mucn of nis time is lore, wnicn would pay for one hundred any point in the StaUJof Texas, delivered done before in this countrv. In North taken up helping his lawyers with the parts of these commodities in 1873, would at the mills, for less than half cent a Carolina over 80 per cent of tho stock of vidnH. in hi rnv intptintr Pay for one hundred aud thirty-three pound and the cost of production must the State bjuiks before the war. was . . . , . . parts in 1891, while gold had gone npm be 2J cents per pound in favor of Texas, owned by tho farmers of the State, and questions win oe raiseu in inai case, purchasing power from 100 to 175. And "Now with the crops beincr mtirketed to-day there is less thau 10 tier cent of . i ic i t '. . . . . t' ...,r ....i. : . : 1 i i -it i , f x . i - ., . , I., .. . . . . . aim ii. juritx . tovuiuurwuyii is biuw ureuaimi; mia utuie, Mr. ppeaKer, i iii iuc mmiinum pritt1, wnn a irmiuT ae- me niiuoiiai kidk stock owned ov farm- upheld, Mr. Williams will be given have found one constructed by Mr. mand for money than was ever before ers. Another fact 1 would like to call his ieat bv a plurality of 9001 'luclw,-i nmv.ii w;u mo same irum. i iuu iu wis couiury, nuu no uiiauLvio i aiicuuou to, ana ii is mat, no matter T , . . . .: . .. lue aierage price oi iony-ne commoui- get money ai any rate ot interest, we nna wnai system tne i;nitHl Mate govern v" " " " ties in tne ixmdon market tell from 100 farmers lallinsr. one after another, m ment miuht adopt. - t can not fit everv lar that two brothers appear. One, Maj. in 1874 to 66 in 1892, while silver fell every part of the country, . until they be- section of this country alike. There Jno. W. Graham, a Democratic delegate from 100 to 68. Ihese facts, Mr. fcpeak- come what is known as "time price" would be some who would be benefited to thp Xiitio-iil Convention annears for er' are worlu more manall tne eloquence men. iNow tlieso time price men are un- more than others. Now this local circu- I urid arenmpnta nf tho mrmrirrmt'i niwt nn hlA t.i ffl mimv in tlii.ii kut.liti..u ll'ifi.vn tlmf u.vn1jl rr. ..!, KA ettIe, and tne otner, a. v. uranam, this floor and thev dsrv th most Their land and thiir stoi-k is their r.ntir. nl.i in th.. Sf,.f- in u-hi.-h it i-,..wt rq., a leaning jjeuiocranu ei-oiaieoeu- caretui study Detore we enter upon legis- collateral to otter for it. Hut the banks would relieve that condition. I am satis ator, appears for Williams. I am betting lation which may bless or curse our chil- will not take the stock, and they arc pro- tied that it would give satisfaction upon uren. nioued Dy law trom takinir tne land as a trial onaii tne wnire man and tne Diaek collateral security, in tins condiiiou ot At th.. . iwinKi..n f hia h fr TTIOTI ITl fiil-!- o -i t itmoti f I -KiTir! -VfitT Vi ! I'll r-v ns 1. .t ni.nnliniif I ' AAAU.LA T VI A IU tvU UV.1UO ClllU I VI UOLO Ul UllO I HUUtO lUtJ 11 A J IU LL IAJ I tlC I11C1 tllatlU I I I . 1 J l i . - .1 country for the enrichment of monev and the merchant having to run risks in cusseu very oneuy uio suo- lenders? Shall they be robbed of the carrying so many of them, not only the treasury plan formulated by tho Farm- means of comfortable living that others risk whether the man will live to carry ers Alliance.. Ho said: on Williams. MB. GRADY'S SPEECH. Mr. Grady made a speech in opposition to unconditional repeal which opened may enjoy the magnificence of royal ex- "Mr. SiH'aker, lis I may not have an other opiortunity to discus tho meas ures that are brought forward here for the relief of tho existing distress, I will call attention to some of them now: The bill of Mr. Johnson, of Ohio, is gotxl, a far as it goes, as a means of getting out more money at once among the people. 1 lie next Pill that l hear of is otio which proposes to authorize an increase of the issue of the national banks to 100 er cent of their bond dejxiMts. To that our people are opposed. We do not like that system. It is the system that has accumulated the money of the country at certain centers and has .come in corn- was as broad as the coutinent and that no local environment controlled his judg ment. The men in the House who did the roost to secure the passage of the rTl of t he Sherman art wern surh r . a legislation in regard to silver that is safe men as McCrcary, of Kentucky, and .. . . ... Wilson, of West Virginia, who do or acceptable o the true advocates of bi- fi.t..c rre cUioonng now for him to o.tii.Irt. . He said the country CI. bat the remedy propei was not 4 t r j. r .cv II reminded him of the r.,e f the darky who waa left in charge ' eh fria and who wrote to hi em-t'u-yt and aa:d: "Ie cow ha been ick. I fa -:, .he i well of the dnease now, iX! I thuX he will die of the remedy I -it t- .-! hrr." He nl.uled thow who a..i Um Mr. CVveland wotld not feel a i..w a.- tn-mlcn w ao vote against n-'C.d.'tial ru prAl. and declared that S .11 n t f.r a moment twlieve that be tf rununi the courage of hi -Q th Ire!;dent would have any v-fTLt f.-r him. He thoujcht it - b a Uwl iijea to introduce a it . r. rv,t.,fy. t,, nty between the 'X'f.itif ao-l rgrIativ branch" of the :'-trUt. He told lot of gnI IVmocrmtic administration not only to j not desire a gold standard and will upport the existing sUver circulation in not support one, but who advocate the country, but to increase the issue of not only the use of silver as money silver currency to the utmost extent. It but also advocato the repeal of the 10 waa aafe to do ao and to keen silver on a Per cent tax on the circulation of State parity with gold. (Applause. banks. There is no tmi rvtrm nr trri hat m tnu opinion Mr I Ml t a 1 V a .1 : a a Uf Within in vinrh,in enumerated CUre- " w e euougu W uisirusi the benefit which would accrue from this bill. The first benefit was the restoration him when Congress shall have closed its session if be shall have shown himself to metallism. Nor does this repeal impair or in any manner enect the legal tender quality of the standard silver dollars heretofore coined. Indeed, by the terms of the bill the faith and credit of the particle of doubt Unitod S,ate is ,led?ed to maintain the Cleveland COn- F 3 "! jjh.-m.-ui, du.ci wiujw Lmted Mates at tne present legal ratio or such other ratio as may be established by law. I i I ! : . . V. :n of confident anwr.g the people in their unwuung pi ujr ..nu ,u uu,.- own money. Just m soon as we drew legislation. the line, and said that for the present, at 1 mt fa'th ,n recommendation least, we would purchase no more silver, of the ot R,,ver " D' b" ,he Vrv' .re doIUr now in extenc in this id?nt UPn hli OWn M ' ... . . I tainoit in liii l-f f r nf Ai-eeotiinre WI country would be as good a any otner ' , ' ..n n..t in what ou ""J - nttcn dollar, and men would not care in what dollar gold, silver or paper their debts would be paid. There could be no expan sion of the currency that would work so quickly and m satisfactorily a to let loose from it hiding place the 1 1,700, - The jttfjtle are entitled to Aound and hnest currency, abundantly wffi cicnt in tvlutne to supply their business needs. Hut trhatetxr may be the form ttf tie jtetjtle'A currency, National or State, u-he titer gold, silver or jxiper, it IWW1 llalil n.-t fen f Kit ktl,lf tY It was not so much the quantity of "- y " ' tuoRrr 9A the quality tbat wouM nmlorel" 9 confidence. Intone wnfidetice in theruv" "7" " . , as to lit certainty unit stuoitii y oj tit value. Every dollar put into the hands of the penjJe sltould be of the same in trinsic value or purchasing poirtr. With this condition absolutely guaran- - - r-imrnt was regarded a tnng a ...J,,t rre happy. neof hi ! currency of the country. Li t every man x. a in ndn-uleof the men understand that every pui of mouev in ui E.atr ihvir iti.rfv and the United State waa as good a any a;4iing fir having ever other piece, and the money in the coun- & fe. k , ..til. VI .-..4 fit.. ..r.M1if whikH it ue fca,iaiajvHe.i,anwouu ir -uu. .... ...... - .. . ,, rrprtmnted. would move the crops, and ;". , ,, 1 , . 1 u . . L .u , utilized ujion equal terms in the adjust- we would have, what we have not had " J recently, all the blesjdngs and encourage ment of a good stable currency that would increase the prosperity of the na tion and give employment to it labor. (Applu-J -. He asd it reminded him n county in Mi-otippi, who if.tr tn-a.turer on tle platform 5" 3i-. .hHi!d hd an ofUce mart? t . rrav He poke trong!y in ' . ttn in oce, and hi plan f iLir that he was elected upon "' -r-u if oppjtH0 to a third 'ur he hekJ the office two term 1 1 ri.Hi-.Iy to conswifr whether it ' t.m- f.ic him to change hi opin- ' he wautitj the ofii-w for r-u he Ijjjaine convinced that it If- -.-r.t to a neighbor and said: t.-il me where Mr. Smith, the ' ,r .n.t f.r county treasurer. it-- ..- t. .Id where the man re--' I t .t. ent to hi house and " I - ?a an apology. Four -n held thi office, I .:.! f.r a thirl term, and said I ''. a maQ hjuld hold an of r tl.it jVr.-th f time. I have tur, ojj mind, aaj I am glad coarige and manhood to jm and acknowledged my mis- It U w'le la ur I hit thi . .t n the Houjte. ' h of Tom Heed, ex Speaker, 'he strongest speeches made i th fr.:.re debate, and wa in hi -a?:e and v.gorvxi tjle. He argued ; e "f rrpral on the ground that it att in foreign capital again inirstisctit here which would tie urArj movement whkh the o-justrr wa aaxiotrdT awaiting. ti; the sherman law wa th cause ment of our currency. If I had the ear of every Democrat who is standing on the street corners and on the farm, and every editor who is The bill will now go to the Senate and writing on his paper and is sowing dis- be debated there. Of course there is a trust oy me ueuuuv.-nuu .c,c- . . . . I I 1 Jm at... lmm..mlA n 14 It VwWl .-,... diffiMM of oninion a to what will De lanu aim ie i"J th. rwnltn that bodv. but it U cener- it ha seen fit to repeal the Sherman act ally conceded, even by those who are op- before -entering upon any other legisla nojLl to the bill, tbat it will pas. The tion, I would caution them not to do . ... . . r ;ii thmjtflvcs and their nartv an injustice only posmi Die ooiacnju me j - - passage is that the opponent maj not " -. 4. T r 1 a (A allow it to reach a vote. There cau De no cloture passed, and ought not to be passtI, and there are not three Demo crat who would vote for it under any consideration . If those ho are opi-osed . to a repeal of the Sbetman law ia.e n. into their head tbey may conunue ine ttmggle indefinitely. There are many who hope to secure the passage of the Bland act in conjunction with the repeal of the Sherman law, to a to put the Bland act in it place This would be a consummation devoutly to be wished. But it i not expected tbat any measure will be put in iu place, concurrently, but that the law will be repealed, uncon ditionally. The idea U to repeal this law conditionally, not because the leaders of the Democratic party here propose to Hve-no other financial legislation, but because unconditional repeal U necessary in order to bring about a return of confl- mm mm. t I . which will be hard to repair For my self I believe that the country can not do it business safely except by having gold and silver ujon a parity and through bi-metallism. I would a thousand times. if the alternative were offered me, vote for the repeal of the tax upon State banks rather than for free coinage. Mr. Cleve land will advocate that repeal in his forth-coming message, if he does not go so far ou the use of silver as we desire. The Southern Democrats have always advocated free coinage as a means to an end, a well as from the conscientious conviction tbat both the metals ought to form the basis of our circulation. But in these times of distress what we need more than gold, silver and paper is a safe enlargement of the currency in such a way as to destroy the centralization of the money power". Free coinage of silver would help and we ought to have it, and we will have it. But the right to issue money upon State bond and other such Senator Gordon's sjieech in favor of the immediate rejeal of the pur chasing clause of the Sherman act was a surprise. He had been counted with the optiosition. He contended that the Dem ocrats were pledged todo four things: 1 Ilepeal the Sherman law; 2. Reform the Tariff; 3. Give coinage to gold aud sil ver; and 4. Remove the tax. on State banks." 4 WILL RESORT TO FIU3CSTER1NO. The silver men anuounced their jjosi- tion yesterday in executive session. At that sesion they boldly said to those on the other side that they would never be able to pass the repeal bill in the Senate. One of the silver fcenators, it was Senator Teller, plainly told tho Senate that he had his winter clothes with him and ho intended to stay here and use his efforts to prevent such action as the President wished. He did not mince words, but plainly indicated that the sil men intended to resort to filibustering methods and were determined . to stay here until next summer if this was neces sary to defeat rejieal. A silver Senator said yesterday morn ing that the talk of such pressure being brought to bear on them that they would have to. allow the bill to come to a rote was all nonsense. "The people who are here in this city do not appreciate the feeling that exists in the silver states. All that you get here is the sentiment of the east, aud for that we do not care one snap. We are here to represent our peo ple, and I have no hesitancy in saying that there is not a man, woman or child, in my state that would not indorse my action if I stayed here until next winter and fought the repeal of the measure. To bo entirely frank, our political future depends uion our support of silver, and all the influence the east can bring to bear cannot change our determination not to allow an unconditional repeal bill to pass." TOM SETTLE HAKES HIS DEBUT. Mr. Thomas Settle flashed his maiden sword in the silver debate, and hi pow er as an entertaining speaker give him good attention. He attempted to ridi cule the North Carolina Democratic plat form, and said that on every stump on which bespoke he told the people that he was opposed to the free coinage of sil- ont. his contract, hut. th risk- .-if tho - witu a -pat anecuoie. ne panaiyzeu travagance ? Shall these people be de- sons, have to charge excex-diiidy hijrh the position of the people in the different pnved of the means of educating their prices; sq that you nnd that the "time KM-tinns of thft countrv and showed that children that they may beenabled to un- price men" havo paid from 40 to as hitch tho division on tho. silvor m.ost.on waa derstandand justly denounce the legis- as 800 per cent for the use of money, for 1 lation which impoverishes them : Are they all have to use merchandise to a largtijr out, ol iisiueuic. 1 ue udu ueeu they to be kept m ignorance, to be sneer- great extent instead of money brought up in the atmosphere of Wall ed at by the intelligence of the countrv ? "Mr. Speaker, they have a term (I bo- street he miYht have been a gold bu na is ine democratic parry tne party neve n extenus irom nere to mo iuo n..if ..i,i k I OI lue ueinos, uie pany or tne peopie io uranuei Known as "running a man. I co down in nistnrv astiHi.rti.ntmB sri mnnv I VV hon man fjn nnt iwirmw :mv numxv , - . . i . i i , i o r 1 ' i . . ..... J raised in .win Carolina wnere men work the responsible author of this continu- from a bank or the few who have it. he in the cotton fields for 65 cents a day ed degradation of the people ? is compelled to go to the merchant and thev would be stronir advocates of silver Mr. Speaker, the proposition to re- be "run" by him, as the term is. Now . i . I twa1 tHa Shprmar ant. ii nnrm.fi iHrmall v I tt'hnpvmr r.rf',frl fruit urntvl u:ie frirtn. , . . A, . . , A . . to me monstrous. It would have dis- .nate, in the selection as the man who swe.nue ciann uiat aimost uie uoie graceci the legislation of the feudal ages, started the term "carpet-bagger" in the petition with everybody bv borruwimr . . I ii. . i i r a m. lTi lliL . . i i Ul Jllt,. A ?i . . a a. v. n ina r i i ( ii n L' i i np nin r rnn .n m nn 1 i rn 11 u in rti 1 i i iik itit i wma i'iti p o tii o'Hiiti COlLi a LIU. 1 OUOie irOlll lUtJ SlJCCCU: I mo uiv.uiuiiig uau; Ul 1,110 uutiuiau I ii A una uiiu au iiicciiiuc jc,, atixi n in u "V.. inlir ilin f " . . I 1, V. l.l V,.. T !.., I ..., 1, ..,l,.. I... .... nn, .111, 11 would ne an unreasonaoie renec- . , " . " i-i , r r the Ft tion on the intelligence of this country if 1'8Kj- LFI".j wuueuitsu ten us uF, ..um..iS iu uu, a. u n it could not justify its claim to respect hat we ?h?n P"88 a coinage bill after this start in on another years " t,r, i-r if. . w.l,t tr imii n thn ' hkriAi nf I l ciA'aiCU . It I'll in WlUlllloU V Uin:rj ill 1 vuiiuibiuii ijiiikiZL. Hiio uouiiu.t mui' 4 1 l J and to its right to guard the honor or i , A ... t l, .... , ..u-.l... e ' .. . . .. suppose there were a ha f-dozen men in ..11.. 1 . . , 1 (riti 1 Tz 1 r 11 i-r. 1 1 nfi up rnn rrtia riini cth i pkt. i t mt, i riv i r p ui rut to uv pi . he nation and the "credit 01 tneuov- f . . ", V, . VV" - r: .7 J " ' ' . . i-v " that bodv-who had anv idea that that The honor of the nation and ?? nrst, ana tnen mere win oe no trou- prougni tne enure larnmig popu union or . - , - . - - - Die aDout tne onerman law. Applause, me country, rrom nere to lexas, ai most ; . .. . , , , , 7 :, ' L I Jl .... . I I it I T ir u'da u tim v 11.1 ti iwlmHiri. flm - to tho vonrrtof rum It. i itidoot n. vorv ........ ... r.v.v ... I . J lU'lllllO lltlll .KlU-f'lM 11 V t1 iVllir'utl. Illl'lll MR. ALEXANDER S SPEECH. SCHOUS condition." 11 1. .1 . ' ii 1 1 111 regard to the national banks, Itecause In the beginning of his speech Mr. Having thus shown the effect of this the farmers regarded those banks as no Alexander announced that being by pro- viscious legislation uikjii the agricultural more than sub-treasuries. fession a farmer and a member of the population of the country he proceeded to "Why should five gentlemen who 1 1 1 . hi. 1...1 i.i n,i Committee on Agriculture he desired to inquire how it affected the cities. He " . . u V . .IW'WY a 1 . 1 j 1 .1 1 1. II .1 1 0 1 ,1 . ,i . 11 1 l Viiciiiin fx i 11 in, ti isj niivuiM hivi liov :ni 1 rial ne upvonri wmows nouseauu present tnat siue or uie question wnicn rouna tnat uie nauonai ouiiks goi most 0 ajowtd to warehouse it and draw 10 barnierii' Alliance , SH!aker; whim met iu St. Ijouiti up, liuiuiiiu iu un, unu nu in iuuuy iw j 111.1 Tim 1 I hl 1 tmva i.uuuiivm V uvuimum I LtiAU'ii ti a tho uiiK.t ftiukinrv rklurt 1 g nt nr 011s nti-r- j i ...... . ernment the credit of the Government they are the things this intelligence is to guard. It is not the honor of the people and their welfare. Ihey may goto the dogs, lhey may stay in rags and in ignorauce, but the "honor of the nation" and the "cred it of the Government" must be preserved. "when the Pharisee heard the aecusa- t ta.u on ine suoutucrs oi uio pc-oie our- addressed itself especially to agricultur- of the money; that there was a system of per cent of currency ujiou it as well as 'tlTiF? VJZ-iZh?h o !v3r ts. Though he believed the condition cheeks answering as money by which tho live gentlemen who own 100,000 in was just such as we might ha; e expected. J - it;i,.,i v,,...a i.,,,., u ti, ti,,,d.nr His accuser was a disturber of the public of the country to have warranted the currency of the cities was augmented to '' peace, an enemy of good government, a destroyer of vested rights, an infidel, and a nobody who consorted with publicans and sinners And just here I can't help expressing my mortification at seeinc; some Democrats consorting with Repub licans and sinners and applauding their speeches on the silver question. Laugh ter.l "The Pharisee's answer, Mr. Speaker, can be found paralleled in all ages and iu all countries wherever the right of the ruling classes to live on the labors of oth ers has been disputed. It was disputed in Judea. It was disputed in Greece. It was disputed in Kome. It was disputed in every countrv on the face of the earth so far as history gives us any light. And the excuse has always been about the same "In this boasted land of liberty every man who demands justice for himself and his children is denounced by the intelli gence of the country as an enemy of the laboring man, an enemy of those who are patriotically striving to build up a great and powerful nation, as a hireling of British manufacturers, as an agrarian advocate of a dishonest dollar, as an ig noramus who deserves to be laughed at by soft-handed intelligence which "sits at the receipt of custom. ' Laughter. "If a law of Cougress had been passed twenty years ago requiring the destruc tion ot all the mules in the Lnited Mates and forbidding the rearing or importa tion of any more mules, the friend of the mule would soon have found the "Intel ligence" of the country against it. The price of horses would have gone up, no doubt, but as a horse was not a measure of value the same arguments could not have been used; but other arguments could have been found. The friends of the mule would have been laughed to scorn as advocates of "a cheap and nas ty" substitute for the noble animal which has been the companion of man in all in telligent countries. Laughter. Electrotype plates would have been furnished free to all the country news papers, caricaturing tne muie, warning the people of the danger in his hind legs, and poking fun at his obstinacy and his voice; and the "nigger" with his 40 acres and a mule would have cut a conspicuous figure. Laughter. I All the poetry on the mule would have been collected into an attractive volume and furnished for ten names," and soon every boy in the country would have had one, and nobody would have been ignorant of the mis hap to the owner of "Nebuchadnezzar." Laughter. "After twenty years of such education as this, Mr. Speaker, an effort in this House to "remonetize " the mule wouia have been resisted with as much eloquence as much earnestness, and as much sound reasoning as we have witnessed against the "dollar of our daddies." Laughter. I shall not quote any authorities, Mr. Speaker, on the Sherman law, nor on the question of remonetizatipn. My reason is that if I quoted one, someDouy mignt, quote him on the other side. The dis tinguished feenator whose name is joined to the act which it is now sought to re peal, can be quoted on both sides, and most of the distinguished Republicans on this floor who cheer Democratic advo cates of repeal, voted for the act. Which side would you quote them on ? At least one of their platforms denounces the Democrats for omitting a free silver plank from their platform. What, then, Mr. Speaker, is authority worth ? Why, sir, there are Democrats here who voted for free coinage last year, and are now de claring that free coinage would be disas trous. No; we do not want any authori ties. We want common sense, and a just regard for the welfare of the people. "The naked question for us, -then, Mr. Speaker, is whether the 67,000,000 directed purely ami squarely at thatsys- calling.of an extraordinary session he de- an unlimited amount. The check book clared that he did not agree with the was all that was desired, no money was tein, and 1 must confess that our fanners view expressed by the President in his needed. The result was that the people can not see the dilTiTvueo between tho message, that the Sherman law was the in the cities could more than double or two cases. The bonds are private proii- cause of all our woes. . treble the capacity of the volume of maintain that but for this Sherman law the panic would have come a year ago. had been caused by vicious legislation, but not vicious at the time it was adopted, erty, the government has nothing to do with them excent to n:tv them as thev be- He would admit that the Sherman law money. "But, added Mr. Alexander, come due. In like manner the cotton was the occasion of the panic but not the the man who knows the worth of money and tho Wheat are private proticrty ... ... -.I. ii...... .. I ttYoi mill' tli'.i Vf i K.u.i.L-i.r i.i-jiti tliid cause, lie said ne would 20 iusrner ana knows wen that tne largest volume con- ""V """ - r ,,,,,'v'1 - . , ., , , . . . , ., Micrmaii suver law creates a siio-ireas- iruis liiusu uu iiuvo niu n-rtoi. i 1 .. .1... I.. .. ,1.,. ...:.. 1 Ul. 11 Ufllln ii!-- jiimiiiin m tuu iiiiuu How the Sherman law, issuing one and warehouses it, and pays for it dollar In Mr. Alexanders opinion the panic Ullinfirf.,i nnfi ffirtv- 11 millions .f b.l. for dollar at the .market price. In . 1 1 1 v ... . , making that light we simply desired to " - educate our farmers so that they will bo the panic Mr. Alexander could not un- ..1,1,. , ,,,,,.,. themselves. ' lu-caux wh because it was, he said, enacted during derstand. And the only way he saw to believed that this very kind of situation the war to save the country. But it had w.linvr it u.-i V. v (iirri?ifv If" i:t tin- I VVaS LT 1 HIT to COHie llboUt VCTV tMJOU. W 0 been kept upon the statute books for a vented a panic several times in previous course of years during which the country years jointed out the fact that one had been passing through an industrial of tho wisest of our Secretaries of the revolution. He referred to the past and Treasury, once called attention to the present condition ot the American farm- fact th:lt our fin:mciai system had its er in these words: severest strain in the months of August "Let us look back a moment at the nfi Xent.-mhcr and tho reason assigned days beyond the war and see what was ,1 in ,u A J ' , ,., .. , was that there was no elasticity in the then our condition, when the city people J and the country people seemed to be system and that currency was demanded unon an eouahtv. In that day we had at that tune to move the crops -there in every township and county mechanics nol foejn;j enough money to both move t- n 1 i 1 .. . . i 1 or mi Classes, suocmaKcn,, wugou-u maeis the crop.s an1 transact the business of hatters, weavers, tailors, blacksmiths, all , , i , l3..s ..f lhnriTxr mPii. At that timo the cities. Mr. Alexander argued that if this government issued only gold and sil- this were true there could Ik: no question ver coin. -At that time the paper money but "that it would take currency tore 1 A- A 1. - it. 1 circulating among me poopio as uie .. fa situation; and added that he issue ot tne estate d.'iuks. ine ranroau , . . . r was then a local cornoration. and what- wou;a 110 more ".enaie 10 oie .or one ever it made in transportation was paid or two or three millions of legal tender to the stockholders living along the line. notes to relieve the pressure of the panic At that time the whole country alike thlQ he would hesitate to vote jt for the seemed prosperous ana nappy, cur, tne war came, and the roads have forked; the country people have been traveling one road and the city people another. Now I desire, not in a spirit of antagon ism to the cities, to present this view; but it is just that gentlemen living in our cities should see how hard have been the times upon the farmer. 'After the war, when cotton was high, when all commodities commanded war prices, there came upon us a system of banking extending from New Lnglandto the Rio Grande, which was totally un- suited to us. Money was scarce; it flowed freely from the North to buy our cotton, and at such large prices that we thought we would soon get rich. But here came the national bunk system a system which, if you will examine it, you wui nna can not run a single year witn- out the deposits of the people. Our peo ple believing that the government was strong and would protect them, placed their deposits m those banks. Ihese same national banks became competitors with the people for money. Why. sir, after the war, many of those institutions did not hesitate to pay 8 or 10 jer cent per annum for money io be loaned outat 1J. 2J, and even as high as 4 per cent per month. "Now the farmers had a hard, hard time. They had no money. They were forced to raise money bv some means, and it took more money to run the farm after the war than before, because the mechanics had left the country and every thing had to come from the stores, and they were,forced to get money and pay an enormous interest to the bankers, or to the few who held money, for its use. And not only that, Mr. Speaker, the railroad system, and I wish to impress this on the minds of members present to show how they have minimized the price of the farmer's products in this country. Before the war they had no great con nections. But after the war the great railroad system of the country was de veloped, extending from one side of the country to the other. If the wheat crop defense of the country if invaded by a foreign foe. Of the very pressing neces sity for relief he declared that if the farmers did not get relief bv the middle ot October they would be so virtually ruined that Con gress would have to pass the Torrey bankrupt bill that was introduced in the last House. He was in favor of the Bland free coinage bill, but the mints might now run night and day and silver dollars enough could not be coined to re lieve the present condition. Mr. Alexan der said he would like to have seen a bill offered which would immediately relieve the country and start the wheels of com merce. Speaking of State banks he said: "While I am on the floor I want to call attention to a financial system that We probably ought to adopt. 1 have studied over this question of how the farming classes might be relieved. I have tried to show to you that they had no means by which they could iool their assets and use them as money, as city jicople use checks. I have tried to show that they required more actual money in their farming operations now than they did before the war, and the only system that I can see by which they could be re lieved after this pressure has passed is by State banks, a repeal of the tax upon State bank circulation. Most people urge as a reason why the tax on State bank circulation ought not to be repealed is because it is not good everywhere that a bill from North Carolina will not pass in Ohio or in Indiana. "Mr. Speaker, that is the very reason I advocate it. If that bill was good everywhere, we could no more keep it than we can keep these national bank bills. It is the very fact that it is not good everywhere that makes it return to its place of issue; and as the people who know the banks know whether it is good did not think it would lie quite so exten sive as it seems to Ihj, in the cities, but we saw that the condition of the farmer would lie just w hat it is. We t an not sw any reason wny the 1 niieu Mates should pay a man, simply because he calls himself a banker, 100 cents on the dollar, and interest on the' bonds Ijo sides. We want money that is not. tam pered with by the cor Mirations. jWe want fnotiey direct Irom the government, and if corjioratioiis are to havo anything whatever to do with the Issue of cur rency, let thein be, governed in their own States so that no influence can lie brought to licar by w hich such a state of affairs as we now have can lie made to recur. "Now I do not want to ln-lieve that the bankers have had anything to to with this panic, because bankers are the ' hist men in tbcwoild to want a panic. A capitalist engaged in legitimate business, is. one of the last men in the world who would want a panic. But this state of affairs docs exist, aud it strikes me with jx-euliar force that if the Sherman law is rejealcd and confidence is restored to the country, and money comes out from its hiding places, and business starts up again- if these things come to pass, I say, it will seem to me very much as if the forty men described by the gentle man from Alabama Mr. WbeclcrJ who, he said, could stop the wheels of trade and commerce, had got together and de cided to start it up again. Laughter. "In conclusion I simply urge this House to take into consideration the present condition of the country. The people need relief at once; and w e should lose no time whatever in furnishing this relief. Afterward we can settle these other questions. 1 hope that the House will not delay longer the passage of that measure which will bring to the people the relief that is needed. Applause. - ' MR. CK4WKORD' 8PEKCH . Mr. Crawford began by saying tbat two men may differ and both be wrcng; three men may differ and none be right. He thought that the Democrats, who pro posed to vote for unconditional rejieal, holding that the Sherman law is respon sible for the financial condition of the country, and the Republicans, who thought it due to the fear that the Dem ocrats would tamper with the tariff, were both wrong. The great question was whether silver should be sustained as a money metal or w hether the country should be put upon a gold basis and recognize nothing but gold. When the Republican brought the tariff into the question it was done in or der to evade the true issue; tbey would liave enough of that later on. The coun try had repudiated McKinley and bis CONTINUED ON rUCRTH PAUL dnce and induce xrvp
The North Carolinian (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 1, 1893, edition 1
1
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75