The people's journal. (Pickens, S.C.) 1891-1903, August 27, 1896, Image 1
-. IP . OP'
-~A THPEPL' JORA '
" oL . - - - NO 'JIIC~NS, S. C., '1'URSI)AY, .. ;',,-'r' 2, .O EJOLRAY A
Bryan's Great Speech
At Madison Square Gar
den.
IS ACCEACE OF THE NOMINATION.
Hi is ArguImenIt fo the Beneit
of the Masses.
Nr. (h irman, (enitlemonei. of the
Ct.'tlllittee and l.elow-Citens I
shalil, at at future day and in a formal
letI U, I< !), the nom1ination which is
now teider ,d by the Notilienktion Com
1111t. 0C, aUG I satiiih at that Ltime touch
11po 1 tilt) i6 ,u1s presented by the pla)t
for.. It is tiLting, however, that at
th. b tine, i j the prescuce of those here
asst m bled, I should sneak at boie
len V th i r 'g I tO 0 tamlipaign upoll
wi Ah we are now enLtering. We do
not unItdlert A inat'e the forces arlayed
alga.ntist us. nor ar'e we niminid ful of
the impor ance of the trllggle in
wh At we Ie r engaged ; but reli3 Ing forI
sue ess uptA I the righteousness of our
can , we 'ni de-fend wiLh all possibie
vigr the I nitions taken by our party.
We are noit, surprised that some of our.
op' tsvil:3, ill the absence of better
ar11) c nLt, !esort, to abusive epiLhetI,:,
bu1t, they 1nly rest as.uIred C ,l. nt I1(
lan :uage.. Iweve vVioll, n0o invec
ti.. s, hov ver vchuinent, will Ilad us
to C lmit n igle jlair's breadth from
tihe collrse Ilarked out by the National
Col.v e nti on. The citizor, Aither pu blic
orl iIva1., Who at:luils the ltaaactcr
Itld titu stins i b Life pltr;otisll of th1e
neihgat.s assemnbled in the Chicago
Coniveition. assails the charactel anid
uiestions . patriotisill of milliodu
who have arrayed themselves under
tile banner there raised.
Ii has heln ,hargod by men stand
li ig hith in business and political
(e;k'LLS thau our platform is a menace
to privaut security and public safet,y .
and it ha" been asserted that thobe
whom ' have the honor, for the time
b.ing, to re,!present, not only ileditaw 1
an,1 aLtaek 1.11011 the 'rights O pIrop1ty,f
,ut al ,1e 1h! ftotes of social ord r.1' a i
nlational h4n0or.
Tnose who stand up)nU the Chicag.to
piatforin are prepared to make known
and to defend ever y motive which in
liucnces them, every purpose which t
aniltitis tn1em1 atnd CVe'y h1op1e whicb
inspires them. They understand the
genius of OUr institutions, they are
stallell 5U'poi'rters of the form of gov
oriment u.ider which we livo and do
build their faith upon foundations laid
by the fathers. Andrew Jackson has
stated with admirable clearness and
witti an emphasis which can not b.
urbtpaz-;;d 1-1A thle du11ty anu 4p er oC'04f
g r t,. Ile said :
.ANDUni:W .ig11sox QUOTim,.
" l.ti netons in society will always
exirt 11,41i every just goverInmentiii.
Iiuality oi talcnts, of education or of
wealth an not be produCed by hum rani
inst Litions. In tihe full enjoy1mn11t of
the gifts oi heaven and the fruits of
t1u pej'-rior in iustry, ecolomy il virtt..
every Imall is equally cntlitled to pro
tect'ion by aw."
We yiet to notte inl our devoLion to
the doctri e just entinciated Oul I
Campa1ign ! L as nOt f'or its obje , th e re
collot'utit. I of society. We Call not I
illn'et to .i 0 vicious the fruits of ia vir- f
touis life ve would not invade the t
loiet of nc provident ill order t, i
supply the wants of the spndu-',hriaift: ;
we do tint protplose to tra-L..fer' the re- I
w ardts of i (duIstIry to the lall of inodo
Ilence. 1Prt p0 rty is al will trema inI
thle etimi 111 to endeavot'rand the com-~
Jpensation or t.oi! We bel ieve, as ats
-s'erlte~d inI ii I Deelar'ation oif InldepeOn
(tin :e, Lh a a'l m en are created equna
plos teIns <,- rmer'it ; it mleans, that, all
sin. I -stnd equarl bef~o the law and1(
thu :. Covern mont, ohlicials shall n ot,, inlI
ma : ig, e..instri'ilng or1 en1 forcing the
law, d1iscri uinIate btetween~ citizens.
f 'et551t :bat prioperIty r'ighits, as well
Its ire rig Ib Ls <,f pers.onis, areC safe in the
h at~d6 of Lth :'()fciommo peOple. A birahamii
l Ai oln, in his message sent to Con
gre s in I):tcomUber, l1lil, said : " No
moe liv ili4 arle mior'e worthy to be
Lrun ted Lth m those who toil up from
pm~) 'rty ; 1)one less incitl ineid to)Li tk or
Liu th augl t which they have not lion
cest, y ertn'd."'
I repett bis langua ige( wvith uir.qui~ll
lied appmvalIi n, and joinU ithL himi in the
waring Ito added, namiely: " Let
thim be h.ware of surren'C~dr'i ng a piti- i
:al power'21 wivcih Lhey alr'eady piossess
no1 t whih power, if surr'ienideredi, wvill
iin :!y be used to close the doorts iol
atdv'ancement agatinst such as they and1(
L,) lix n1w di-sailIities and burdens
upon Ii them unOtil a ll of li berty shalh beh
lost."
T1hose who da lily follow the injune-|
tioni, "')in the sweat oIf they facoe shllt;
thoua (atl brad,"' are' now, as Lily haive
~eer been, the bulwark of law and
ordor'-thie source of our nation's gr'eat
ness in time of peateo and its surest (10
fonder's int timen of warLI.
But I harve only r'ead( at pat (If J1ack
SOil's ultteralnce h 10 give you1 hiis
conclusion: "BIut when the laws under
take to add to those natur lal and j ust
ad~vntatges artLiliclial distinctions, to
granlt ti tles, ji ratutities and( exclusnivye
pivi loges, to miako the rich m'i el~
and1( thbe potent more p)owerfulth
humiibler iimmber's of society, the farm'
Cl's, mnechan ies anid theo dtay laborers,
wvho have nei thr the tim nor 111 the
means of secur'ing like favors for them-in
selves, have a r'ight to complain of the
injutstico~ of their giover'nmtent."' Those5
who suippor't the Ch icago platformi in-'
dorso allI of the qunotation from Jackson,
the latter par't as well ats the former
WVe are' no(t, surisedll5~ to ind tarrayed
atga ist u1s those whi) are' the bonelh
elaries of( Governmnent favoritisml.
T1hey haIvo readt~ our11 latformn. Nor' r
-wY. surlpr'iod to b-arn thatt we must in
this cai-arl gn facee the hostility of
those who1 lfind a peculniary advantage
in adtvoeint'ing the doctr'ino otf nont-In'
Lut'eace when great aggreogations
of weal th arc trespassrin I upon the
righlts oIf indlividualis. We Welcome
dolrseint which could be bestowed
upon us. Wo are contont to have tlh
co-operation of those who desire t.j
havo the Government adnunistered
without fear or favor. It is not the
wish of the general public that tjrust
Should spring into existence and over
rido the weaker nembers of soci .ty
it is not the wish of the general public
that tlh(:6O tiIists shoul destroy eoum
pet.Ition and i.jn coltiet Stuch tax as
tbey will fromt those who are at their
MCArQ [lor is it thO w iSh of the gle.ra:
pubib h the i nstirmiilijentalities of
Otiverfeent have beenl so oft-en pr1o
stilluted to purposes of private Llain.
'Those who stand upon the Chicago
platform belljove that the Goveineinnt.
11ould not only av)id Wrong-doin, but
aV o)r(o~, bli
tha,,t it Should Ilso pwevent wrolg
doing; and they hOlieve that, the law
should bo en forced alike against all
eictiules of tile public weal. They do
not. excuse petit larecmcy, but they de
htreiC tl.t iand lar'ceny is e(Iually a
01ri uie ; they do not defen.d the occupa
tion of the highwayman who robs the
InlslspecLing travelrcI, but they include
,nmong the Lransgressors those Who,
Lirouih LIt wmore politi arid lobe haz
ardours means of legislation, appropriate
to their own lse the proceeds of tiie
Loil of others. The coimand menIt.,
" Thou hialti not steal," thundered
from Sinai and reiterated in tho legis
atioln of n111 nations, is no respector of
persons. It inlst be applied to tl
, .Cat as wellt as the small; to the strong
is welli a- the weak( to tibu corporate
)erson ciated by law as well as to the
)erboni of lcsh and blood created by
he blood Ahnig,hty. No govertn
nieint is worthy of the namile which
2 not able to protect, from every
wil uiplifted for his inj u ry the ho iim
>iest c itizen who lives boicath the
lag. It follows aS a necessary eoi
usii that vicious legislation iimuti.
>, rem I d i - by the people w h) sul fri
romi the CtYeects of emeeh legojs lati ont.
nd not by those whvo enjoy its beneJits.
Tii St~i'RtIGiE C:OURT.
The Chicago platforin has bei con -
lemned by some because it dissents
rom an opinion rendered by the n-iui
relielu Court declaring the income
ax law un1mconstitutional. Our critics
ven go so far as to apply the name
narchist to those who stand upon that
tank of the platform. It must be
Vmeibered that we CXprcssly recoa
ize the binding force of that deCision
o long as it stands as a part of the
aw of the land. There Is in the plat
orm1 noi( suggestion of an attempt to
lipoiw Lhe authoilty of the Supriem
:0 urt. The pa1rt.y is sim ply pledged tO
se "a!0l the constitutional poweri*
vihich remai ns after that decision. or
chSiceh may Conm froim its reveisal by
lie couirt as it may hereafter be con
ti tuted."
Is there any disloyalty in that
>edge ? For a iumindreid years the
4supremUe Court of the United States
ias LusLained the principle which un
lerlies the income tax. Some twenty
,ears ago this same court sustain'ed
vithout a dissenting voice an income
ax law almost identical with the one
eceently overthirown ; has not a fulure
ourt as much right to return to the
udicial precedents of a century as tile
wesent C11rt, has to depart from theim'
1hen courts alI have rUhearings they
dimit that error is possible: the late
leison against tihe income tatx was
eidot'ud by a iniiajority of one after a
ehearing.
TEli INiuMI TAX PiL.\Ni.
While tile money question over
hadow. all othi iuestions in impoi
ante I desire it disLincitly undertooI
hat I shall iolr no apology for tie
neome tax plank of the Chicago pht,
orma. 'lhe lat income tax law Sought
0 apportion the burdens of governnilleit
inore eq ualI ly among those 1,90Who enjoy
he proteUtCion of the government. At,
wslt the expelnses of the leeral
~overnmiienit,, collecteid thmrough inter
ial revenue taxes and import, duties,
Lre especially3 burdiensome upon01 the
ioorer classes of society. A law which
:olltects from somie citizens more thab
,hei sh)are (i the0 taxes and collects
rom1 other eit iz u s less than their shmare
s simpl lly aini mil irc meet anI~s of the
,anisferiring of one man'tis prope*rty Lo
inother Iman'S picket anit w hile tho
>rOcess miay bc (ilto satisfactory to
tie man01 who1 escapeus just, taxation it
:ai nlever he Iatisfaictory to those who
Lre overbullrdenedl. T.lhe last income
ax law, with its Ciexemption provisions,
vhen consiudered in con nection with
>theur methods of taxation in force.
vas niot, iunjust tio the poss 'ssors of
argo icomnes, becauis0 they were not,
3)0mipelled to hlay a total'Federal tax
.treatcir than tihir share. The income
ax is not, now, nlor is it based uplonl
lostility to 'the rich. '1The systetm is
~mployed in several of tile most imii
orltant Oationms of Fiurope , arnd every
ne0omoi tax law.~ no0w upjon the Statlutie
iooks in any land, so faras I11 have
Jlen able to ascertLain, contains anm
.Jxemp5tionl clause. While the collee
sion of ani inceor.iu tax in other (coun1
ries does not make it necessary for
this nation to adopt the system, 3 et, it
)lught toi mnoderate the language of
Ghose who deounll ce the In~como~ tax as
in assault upon0 the well-to-do.
Not, only shall I refuse to apologize
ror' the advocacy of an inconme tax law
bly the national conventIon, but I shllI
ilso refuse to ap~ologlze for the exorcise
by .it of the righ t to dissent from a do
aision of the Suipiremo Cgui't. In a gov
3rnmnent, lIke ourisoevery piublic oflicial is
E, pubbeiCscrvant, whethor' ho holds ollico
by election or' by appointment, whether
he servos for a term of years or' during
gooid behavior, and tho 1)0op)1 have a
right to criticise his otlicial acts.
"'Confidence is e!very3where the parent
of itespjotism: froo governmeont exists
in jealousy and( not in contidene."'
T'hese are tflie word(s (of Thomas Jeffer
son, andu I submiit, that they present
a trucer coniceptionl of popultar govern
meunt than (entetalined b~y thoso who
would prohibit an unfavorable com
ment upon)1 a court de~clsioni. Truthi
will vintd icato I tsel f ; only error' fears~
free spueeih. No publ)1Ic ollicial who
mousien 0tiously discharges his duty as
he sees it wilt diesire to deniy to those
w hom he serves the right to dIlscuss hi s
ollelal (onduciht.
i IW~ (IN iY Q1I'MSTi'ON.
Nowv let. nie ask you to conaider the
paramnount gujtiontti of th is 'ampaign
11itmnyq.Eon. It Il seaircely
necessary to) defeund the prliciple (If bi
me31 t5li;.No n iat.onu party din g the
ronii hi~i ary of h. i'tedl Statos has
Aver dleclared aiginlst it,, and no0 party
in this campaigni has had the temerity
to 01n1n0n it. Three Partios. the Denm.
t'ite., Populist and Silver partles,
huve not only declared for bimtaillism,
bitt have outlined - the spe:li e logisla
tion trice.4sary to restore siv.I ri to its
iticient, position by the side of gold.
The Republican platform expressly
(arC!es that -bimetallism is (t sirable
whgi -t p ldges tle Repuiblican party
ti iLid in seI tcuiing it a- soon as the as
Al.tane of certitni fore ig iln ations (anl
be obtaltied. Thoso who 'ep'e'5sented
the. ininority senlltieit, in thu iitChicago
e-mvention) oppo-ed the free co tIagev
(if ,ilvev by the LiUnited States by lnde
ientdenA t aetion on the g round that, in
thbeir judgml ent., it "would retatrd or
entire-cly prevent the establishment, o
internautionall bimietallismi, its whichl
tt. efforts of the(. governmfiet, shouhi
he steadily' ( directei"
When they asserilcd tthat. the elorts
of the government, should be. steadily
directed toward .he tstablisliontent of
international bnlietallism, they con
deined montiomv.tallism. The gold
Statdard hs been weigh a in the
ftot It a lie jiw i 11O T.(i th
alance atid fund wantiing. Take
fromt it, thle power.1ful sutpport, of thle
money OWling and thi m lonc'V ehanttg
iug Clasbes and it can not stanu for one
day in any nation in the world. It wau
fastened upon the United States with
out, d iselssion blefore the people and itsi
friends have never yet been willinlrg to
risk a verdict, before the voters upon
that, issue.
TleUe can 1)1 no0 SympiIatily Or CO'OJI
attiOn betweCe the ad voentes of a
un1iver'stl gold .tandard and the advo
Citesi of himetal slim. let,weeni hieict
allisn-whet.her independent or- intLe
national-ntid the gold sttandard theire
is n iimassable gulf. I thi.s quadren
iall altgitatioi in iavor' of international
himetallist condueted in good faith.
or do Our opponeint's really desiro to
imilltaIin the goldstiandard permlaunent
ly ? Are they willng to confess t.he
.muperiorit.y of a doulbltte standard when
joitned ill by the b:adingp nations of the
world, (r 'fdo they still isist that gold
is the oiniy mtll suitable for st.andilrat
mon11ey aiong civil;zed nations Y I f
tMy are. inl fal.C, d-ilrous of set~urti ng
binIetallism, we nay expect themi to
point ollt the evils of a gold standard
and defend biletallism as a system.
If, o the other hand, they are bend
ing their energies toward the perma
nont cstablishment of a gold standard
under cover of a declaration inl favor
of international bimetal I isn, I an
justitied in suggesting that honest
money cau not, be expected at thi
hands of those who deal dishonestly
with the Ami-erican people.
110NKSTY IN MON1Y.
What is the test of honesty in money?
It inust, certainly be found in the pur
chasinig powr of the dollar. An ab
solutely htonust dollar wouild not vary
inl it, genleral purchasing power; it
would be nbsolitely stable when ieas
ed by average priecs. A dollar Which
inter'ses in purchas, lig power Is just
as dishonest as a dollar which de
rcrases in purchasing power. Iirof.
Laughlin, now of the University of
Chiengo, and one of the highest gold
stanl(1rid authorities, inl his worc ou
hi tile tall Ismi, not only admits that gold
does not remain absolutely stable in
valuie, out x pIcss asserts "that thore
is no such thing as a standard of Val ue
for future payments, cither in gold or
si I ver, which reiainse absolutely inva
riaible." He even suggests that at 11111
tiple -tandard whereini the unit is
"based upon the selling p)ric of a
nitub.r of rtiticles (if gencral consu) mp-ii
tion," would We a more j'1st sLtndartd
Lhat ei'tIitt gold (-itr silver, or 1) both,
because' " a longi- t imo contraict wolid
thereby be paid at its maltirity by th.e
tlam purchaikting powet' ais was given
inl Ulhe beginnling."
It, can not he sueen-Sfiully claimed
that Ilionometal islu oP bi netal lIm
or any otibe' system, gies an ab
solutely jlSt sttandard of valle.
Underl~i both mfoometal iSm anid bi
inetalli sm t he governmn tilcl ixes
the we i ght antd Iiineness8 of the doll11at'
inv3ests it withI legal tentder'' qulilties,
anid then oplenis the mi jts to its Lii i
stt'ieted t'.i iage, Ileav'intg the purcha es
ng powerp of the doll ar~to be d etermin
ed by the ll numb r o'f dollat's. 1i metal
lismin is bt~ ter than mi tonomlotallIismi, not
beause it gives uts IL per'fect dollar
that, i, ado!hltr abhsolutely unvariiiyinrg
in its' g'enera'l purci'hasin g p~ower---but,
hiecause it, matkes a ntearor' a~lpproach
to ~ t i ty, to honesty, to j ustice,
than aL gitel standard posily ean.
I i.jor to I18 , whllen therte wvor' enou ght
(open intits to ptermflit all the gold
andl~ silver avilabhile for coiage to 11ind
enitr'an1ce itti the wvorld's volu11n1o of
standarliLd mioney, the UnIi tedl States
mtighlt ha~vo tintiitainied a gold standt
ardt wit h less intjur'y to the people0 of
this coutriy ;hut, no0w, when each
st p toward't aL uiIverI'al golbi stanldar'd
enhancesi~i3 the lpurtc hasinug power' of gob,
dept esses pice5.s, antd ti'ansfei's to the
Vockelts of the cr'edi tot' class an un
4earn ed I inrement, theO inluLenieo of
thils lgreat natttion mu tst be t wow 'O0u pont
the side iof giild unlmess wo are' preparl~ied
coniseqjueces oW itch an act. Any leg
jIshition wvhiich lessens the worlk's
stOck oif standartttd m1)oey inerealses the
oxchanigeable valuei of theO dol lart'
therefore, thle crusadoe aginst sil ver'
mutlst inevitably traiso the pur'chasintg
power' of money andit lower the money
value of allI othei' forms of pr'opety.
Out' oppon)tst sometimties admniit
that it was a mistake to demnonetije
silvor', but linsist thait we should sub
mit to preset coniditlins rt'thor thanr
retit r'n to the htitmetialliesyt3stemi. They
ct'r in) supposinlg thaIt we hav'e r'eached
the etid (if the evil results of aL gold1
standrd ;i we ha jve not r'eachedM the
endt. Thel injmty is a conttinuintg 0on0,
and not persont '-an sa:y now long the
worlId is to su lfar fr'om the tttompt to
make gold t he only stndartd tmone~y.
opierati ng to dlestroy silivet' in tile
United States will, if sutccesfuil hero,
be turnetd aiginst, otlietr silvetr usi nu
couttties, andI~ each ntew conver't to tho
gold staindard will tadd to the genotral
distr'ess. So lotng as the scramble for'
gold continues, prices musnt fall, antd a
genera'tl fall in pr'ices Is hut ainother'
dellinition of hardt L times.
disinter'estedness for' thoitso!vYes, hiavei
everiity class of peopl e. I i cogilziing
thej dispositin iif t'ibe individll votier
to consid'er t~n-ie ent of ianiy priopos' dt
to the Amer:ticain peopio t~le hinainc'iaL
plvouliIned in theI Chiicago plat
tilh greatest good ti thL Pittest, tn.
bur. Tle farters atr- oppied t ih.
pohld standardl beeneuse tney have f, -t
its effects. Sinco tiley S at whole
sale and buy tit retail, tLe.v have lto 't
1010 thai t.hly have gadined by falling
prices, and b, ide.s this, the'. y have
foudti that certain tixed enarges ha'v
nott fallen at till. tx.,s iive not be,: n
percepti bily dolecret.ed, althoughi it te
quires imiore (of farii prilduct n14w th-11
lormerly to Stelilo tIe liunn'1y %1.h
which to pa. y tIXe-S. DAIS h:Iv Iot
faIIon. Thk fairm whIo owId 'I,010 is
still compeliclt to piay $1.001). alt.hi.ough
it mait.y 6o tv, i o s 1 1 Iicu It, 't, r iy
to obtain thbo dollarl with whic.h 1to pay
t.h de , !ob t, 'it (ioad ra t Ls have not )
ieen reduce'd to kep pace wltn saliin
prices, and besideca tiose!, items there.
atre man3y niore. Tie fairier ha1" i"b
found complaint agaiist the gT(IIl
standard.
The wage-earners have ieo injured
by a gold Standard, and hatVe ex)preSbi'd
thei3olves u pon: the su hjettit w i irea t
emphasis. Ii I"Obrutry, I ia, a petition
asking for' the immediate rest1oratioii
of the free ain( unlimited coinalge of
goId and silver at 16 to I was signed by
tin he repreosentativos of all, or neaitriy
all , the leading labor organ i/.ation
ard presentid to Ctongres. Wage
iarners know that, witio a Igoid stu n
dird raises the pur-chi.g power of
the dollar, it also makes it, more difi
cult. to obtain possession of tle dollar :
they know that em ployment is less per
itment, loss of work more probable.
and re-em ploy ment less certain. A
gold stauid encourages the lioard
ing of moncy, hecauso iloney is rising
it also discouriges enterprise ain(l
atralyzes indtistry. On rhe other hand,
the restoration of himeta~lism will di -
cou ( 1rage hoardi nt, beenuti e when a rCies
are steady or ri -j ing, money ean not
afford to lie idle in the bank vault--.
The farmer-; and wage-varners toeti
er con-tittito a considerable imijority
of the pe.(plic of tht countlr. Why1.
should their. 5i- :. . I!. ;, "~ :
consid .ig linancial legislation A
nione ;r1y system which is I)etuliriy
ad vam geous to a few syndid iAtes Ia
far lis to commend it thain a system
whiclh would give hope and encourage
ment to those who create thi nition's
wealItt.h.
Our Opponents have aitlde Ia I'pecial
appeal to those vhoi hldo!( fire and life
insurance policies. but theie polic!y
holders know that since the tIL pre
mitnis received exceed the tota' o -ses
paid, iL rising standard must he of morciie
benefit to the companies thban Lo the
policy holders.
SAVINGS BANK DEA'OSITlMS.
'Mutch solicitudo has been expresi.-Il
by our opponents for tihe deposiltors in
isavings wanks. They consttntiy pa
i'adC belore these d elositois the tii
v'antages of a gold staidtrd, but, these
lippeltis will b in Vain, beLause saV
ings bank depositors know that under
a gold standard thero is increasing
danger that they will lose their de
posits because of the inability of the
banks to collect their aisset.; arnd they
still further know that, if th* gklkl
standard Is to (tllin tiue i niuelinitec!
they may be compelled to withdraw
their deposits in order to pay liviling
ex pen1Se S.
It is only necessary to note the in
cIeasinog Pinum ibeir of failuIi'es in order t.
know that aL gold I11ndard is ruinol.
to) 11'eirAts alf manufatu
''hisMe buttsinet.ss tien do no.tmake tiela
prolits froi t.lhe peop!e from whom hy
borrro toney, blt frotml lii' 'opl Lo
Vho 1,hy sell their o s. If the peO
1)le can not, buy, retaileri Uan I,
and if retailers can nt sell, wholohale
iorchants and mianufac1-turr mut, go
Into OanIllkruptey.
Those who hold, its ni permaineint inl
vestmeit, that stock of iailroiLIs ILId
of othbur ontOrprises-I do nt include:
those who speculalte ini ttoiks ori use
tlock hold(11ings ats aL mens of ob tatinin g
an inside a~dvantage in con~strueit~in
contract' s--are iijured4 1 by a gold .sLandl
aid. The irising dollarho destroiys the
eainiig p)ower o(f Ltese onterpirises
wvitliouit reducing the liatbilItie's, iand(
as5 dlividenids canl not bie pid un itilI sal
artes anid Ii xedl c2harges h ave hiton siat
is lied, te stoek ho!lders mutst, beari the
buri den of hard timties.
Silaries ini buinessi~5OLC oupationiS die
piend upon0 busi ness cond(1itionhs, and the
gold sltihandar boitlh lessensi the amont~tl
anzd l~b reatens the permti~taey of suech
Olleial sa laries, e'xcept, the salariv.
oif those whoi4 hoild ollico lor' life. mui:-t,
in the long run be adjusted to the coat
di Lions oIf those who paiy the taxes, iind
if the piresenlt fi nanci al policy co(.1 iin
ties, we must expect, the contest, be
Lteen the Lax piayer anid the tato~~ r
to inicriease ini bitternes !s.
Th'le prtofessionail claLsses--lin the
maiii-deivo yehe ir suppol~irt, from thie
)proin(~g classes anfd cani only enjoy
prosperity whlen there is prosperIt~y
amoning those who create wealtLh. I
havi e nlot, aittemplted to describho thIie
eilfct (of tbe goltd standard upon all
cilassea-il fact,, I have only tatd time
Lt) imontion a. feIw -butt each person)f wi
be able to apply the IprincipIles stateod
to) his own) occupaition.
It, must alsio b)e r'emembered thbat, it
is the des.irei of peop)lO genera~l ly t~o
convert thteir earin~liigs initoi real or
p~ersonail hpoper ty. Thliis beinig true,
in conisidoering any temtpora~ry atdvanf
tago which may come from a sysem
tinder which the dollalr rises ini its
puitrchais ing po'~wer*, it, mu Lst not lbe for
gottoni that, the (10la I ca in not buy
miore than formerly, uinless piropert~y
sells for less Lbhan formterly. liIenee it,
will boen241 thit, aL large potiion of
thbose who may' hinid some peciniury
advanL't agLes in ii guold standard .''ill dis
coveri that, thieiri loss exceedl thir i
g ains.
Ailot"i' l.ANi(S.
It, is soineLi mes itst ed b y ou' oppioa
nonhts thitt a ban~ik baionags to thbe debror~i
class, btit this is not, tirue oIf any -oi
vent bank. I'ver'y statomintt publhIish
el bly a SOlvenlt bank shows tbat, the
assets exceedi the Ilibil itIes. That is
to say, while the bank owes a large
iamouint of money to its depositors it
is nt onily hats enough oni hand in
money and niotes to) payJ its depoai.
tors, buit, In aodditLion thereto, has
eniouighI to co4ver' i ts caipi tal and sur
plus1. WVhn ('thLte do llIar is rising LIn
vaie, cosvly, a batiK mayiL by iiaSing'
sh ioiL-timl) loansl- atI taking good~ se.
ttirity, avoid Ioss ; buit, whoiui pi'ices are
falling rapilly. the banhk is atpt to loset
moi~re ibecae, ito badl debts than~l it can~
gain by t:.- .naireaso in the pa rchasinug
powLer of its capI ital and1( suirpl us.
t-'imitt. lhe admitte,od howeve, that
Somne haltktrs eitibine the businogs of
t hnd broltket wit.h tli ordiiary bank
ug buisit-s ZI Ilk! thiuo Iliay utakec
ellougl ill the mnor ti at ion (f ititlns 1i)
oiflset the losses arising in legitinlitg
hallking hti in'-, As luIg as InIliat
liat~ut- ruiitinini Its it, is thern . will ti.
wHys be dan.iigter' t-hat. en ke-s reutrui ned
by 1,he piii:111 opiion14 or legal enact,
inev.. thbose wll) sut- a p-cunitiiy proltit
fo.i tieinei ylves in it '4r-tain condition
may yield to the tei tatioi to hriln-r
aIbollt Ithat t.oInd11it ;.(),. .1 cetfe.rsonl hs
stated tiiat one of Lilt- iatii doties wf
oveIL'nli1tl is Lo trevenlt, igenl frowi ill.
Jir'itig Oili' 00i0it.heri, tila indver was d'ila
11111y Inore impto(1-tanit Mhail it, is to1-day,
it is not stranlIte tlhit tug' who have
malde a pro):;t - bin hn b o
tri'lli , fla\t t ' i I %;tlwjal j i t V t t:iI'
v, Ml keep thIA' , elun e yd n
upo I lhIti . I be lie) ve, 1ow 'verl t h.
I s imn , f tit . vaNt -
o:I: t N.(III "a a ~t. ,1oo' n;i ow In Ow g I II to(
city til e t'~i giv o ac thec Lnitil
fa it!, nte I ay b a wt i e t itutlsialt
o li e utninit red inl ot e half of il
gthe peoled would ilmake or. I overna1
mnlit, inldepidet. of any coblihiniation
of ti g iers, foreig ol doin estic.
PAA~.A B.li (IN SH1-:H\MN.
ie tli li.iSay a word Ilow ill regard to
ronrtauni persons hilo) are i y Cuiarily
beneitU0d by a "-Old .standaitd and who
favor it, not troin) a d sie to lsrepa..
up on tIhe righ. .,4f others, but. becaulse
tI ireanc which surroind
teil i' ind th l to the el eet of ti
gold ,tandard uponi Others. I shall aa
yout to consbder Lilb. laul~go (if Lo
gitile oe o longtat public srvicle
and hi..1adig in.bep -y t
h l ' ) i ~tid101 nloss il bi t 1La), h to
which tey beloni, Will p rt ;ea t, tahemi.
from aiverse critteisml by our oppo
net'ts.
Int ISl Senator S- i ri said .' "The
contraction()atild of icurency i a f
moraet di.tSim ati o ien i)tillt ializt
tori sulppo:se. Our own and ot.her1 nla
wos hI aone tbrough th, t ertionl
btfog. ' It l tiot, possil 1,n ttak that
voyage, Without the 'sorost distres.
To every in-on, xCept it capitalist.
:Mit- Of debt, 01r at saLIHlaid 0olliNer 01r an
nuiuwtn it, i, ds t n i a o of JoS, an
iitud I ~of trad , fall 4of wagevl .,1S.
pnsion of eniterprise, l i ruptel y ad'i
di sat Ito' i n I ans; i n te to all deah. r.
Whose dbts are twice theh-' npt ijai.
though onle-third less Ohan the.Ir actinea
propert.N. ItI mlwans the! fa|| of all agri
Cultural product~i-ml %vithout any] g re*:1t.
LeILctiol of \aV. \Vat. wrudenit
Manl wVouIld11- dar 11 htldd abol( hou ,61.p
inoa, a factory or a t n with thi
cer-tain fatA betforo him N' .\ S I havc
id bfrt. biri lnile aefared
to muerhe Wt. man who., ie tab-v i.-,
bix.-d for. liie ttim lw0 the mnari W.is
Si airy dopendth upn usnel oni
,ionel. When .Si\ tierioan decrib.Se
cotitraction of the cuirrncy adens
trous to all te people except, the --napi
toflistsi out of dent, an stand i tooiie
io f position similiar to his, he is stat
ina t aleth wiiebmst, the ame pc it
to every inonection i ivie et mtti
ter' care0ful con1Siderationl. .\le. Sher
mnall was at, t-bat time s.>eaelIti i u gi of Lhe
ofntracion of L I I the of 1,apel rir
1ecy,Mut, tho prini dI whi e\. hee
fort, d applies, if there it: i cont raction
4of the, voluludt of iulidard lituoly
of the world.
M . oLt AINt1 I (J (.)TE ei.
M r. 1htine disculsse o d the smei prin
oiilen in conne tion with the det oneti
zatiOll Of siVer . Spakin0 Cli thli llt 11ouseL
4)f Itepresenltative. on 1.he 70h (if F<ebru
ary, I 718 , hei said : " I belivn the
strugwle low in on int this country
and tbr Countries for atingle rt t
Standard would, if succecessful, produicte
widseitd diSaster in an ti ller oft
t.he commerutcial wori. Th71e destruec
tion of silver. as moni, and ofhe estah
ingx of gold holars th otlet it, of
valti miia have a ruinous ellect on all
frtimpCs of proety I thi invre 1 t,
Iedg wich il fixed etttrn In havey.
Tnesii ho uhie Lnomouy ehanlced (tiiiiii
ini vale and wobl gin aete dispropor
ttio thean lunfa i advate tover
ecvey oter Lpi es ofsi~m proletic"
Iiist iistrange itat w.h i"i ii holri o
dnvtstofLuln~ todhc ild fioixdi rettiurn
in lmney can regard jitei detiftioniof
ivr wOi ithi c~yophccy "~ Wexc iny
not'exet the holeirs of io tior form
of money ii to priotsjet against iving
\t monieyi it droispropotiate dland
unfirgw advantge vne every ta,e
ifsecies dolla propety." Lif theiit' rofa
cliielyinan I, few who (I wseat Loists~
peoplel in fixed Iii iet hmrnt s f in
Lrilgto tiseon te hadlit hiy nenance
the lueiofii poher invesoutslt wae
notd te raesd of the popletir thbo 1 rit',
ofiasing poanrd Th piole who
musi c tLi durhas monys litte p ro-ifi
ductseiof tht tand i ai psituin ntill
dhi'feri, Ifromy t oiposit'io iofithofe
twhton oney.3 orit recive~~'L annixid in
1com'tie..he l bng fcti- ,bo Litio
rye, oficivlizt ion witelf--diiependsiVi
uponilili ithe prosLperito heiib nles.t
ihfsuch ao dofla ower ihe wtandar ofs I t
fivilation apni bing ~isete to i the.
thvepurthasingipoer of o'ur duvoartw
detroy our abi'O lity op the dbotal -
reay co tractedjbytic erig the slaio
whainhgipoer itof avt g provert wths
whuich teseets mut hpo taiy itu
is osserted tha ovbLuie Loll nlstanr nwl
Lboa, rt'itepity ht th ref jsticeratito
bimelit m wilal res torn to (arisidte
ilweert m0'oneyb:Ii and poper t'y anut~i t0bu
per dnut, and otirosporitX which t wt'e-ill
thnab-.l te Aou the inlpoplet' to bcomei
endt's nOf pintevt oit n lii of me be3 11(
bu otor ofre iif lieS detir to wo
rowc how lotng a ecninuem hiorrow
in th~ yeiyt'rs to 'on t'i . ))i ii
h'nanti their c-hildren's chlithr!1
tutty, throurih the opeirationl of thbi
bIlu systemn, be nutde to paty triblut
to tho descendant, of those who art
wronged to-d ny. AS guai nst, the inninl
teranco of at gOld Standard, (.10.1.
per4st13ianntly Or until other luntim
l'u1t lit utiited fir its of.htbL- ro , tih
and enilpihitic th'nanld fOr tilh! ilnneii
at retrat i) I I of 1. fr ee in d I u ni it
eri uinlalge of silver ind[ gotflt at tilh
pl~es'tIt heval ratio of it to I, withoii
waiting filr wi aid Or conen('it, of LI)
mlr in tion. \\'e ;r. not, asking ilat,
lf'k" Oxperillien11f lit' tri d: w I r in
,iinon a r'ur 11 t, a linancial poli
l, tro 3d -by i h( ex 'i of histen(rI
\te t: ,v '. li av Inilt' he leen
ed 1.1
(If :1te115ili'itt fo tii2 lelit W2: thr il<
fuI l I ai I -rl 1 t t' in IIy I. wtie t I ', I s IngI
asking that 1he .smul i I ri vi ,
he I corded tIlver tht, arf nfowea ;a
Li d.ed too !goldI.\ wt . at that
th I I ei >); -ii a t t Ie rat f 1ii t i i
we si m!dy ask I hat, "u r gold mnin, amn
IIte t Li.n I i v '- (d)aI I lar, whichl , tA
it. r1nt,1 11 be ll I Ilrtains the Sll)
a(i ount i f ui r. I I fvr ,- as th 11 ie
silver i la c(lin 1.0 a i l our inin ts, rt
tain theit prs \n wI ijht, and till ie
A 31u~lt\tii' EIAtN
The S 1 Ll1lt 4,X' 1416( \'il ..lways 1
N) t I t) Im' its Ilent.
New Ymris ilili-h iy.
h le jihell i Linemin' t nit itl r of Is,}(; il
I-Lal si3' iti flin (If uabliL' fOr ilt,le [ata lt
Ofli t, (tLet,, e v 1 L 101h d thi aist Iui, t
the sasoni 1w tuhe evntcful in breakin
rueotemoogical records. Pm- nlino sue.
cessive days, ending with the 1:101
inst., Ubetloridl weather. containuet
OVeI LInt- 0i 0 t, tit lf th e - untry 'taasi, ()
fte \l)is i 1si pp lil i 1n apier-,iStil n1
of :nIt, heLaI'it;. for which it Would i
har'd to fill ilt pal'al1 iij in th wof tit-I
tillls Of ihe U ii ted S l lts Or l ny
Ixl'a l oo L A t 111, 'it It it w.g I
(ill)11 u a 801t50it' I t f biti. rat gVt of jit
Uil1 111)C 1111. 3 I i a I%, f ill lil IW, I'
the . An anit l. r,'ti3;.f ,, it a lnzitI
of water vapo( !.U -11 Inh-d in\ isably inl
tH0 air and zei,, et ly Inict % 111n1 ((e c1
inloi a~ tlla uli' i nitI tall too int :
eupt Ll,u L u '.- . V 41r.0 t l iw n . rt"
card %'t t :d tLi h. ren a kable. 1,t
tihe lin i lie .an deutil-dealjg:, - elat'
a t-r hl , ' I II L hot,(1.!o , in w h ich
New Ymr,: iii' of lit] U1.- Aburbahnal r"o,
is thet unliil o. ar d 11)(1: notblwed. dev- h p
11nent, oif 1.h, Ins .
BU11 I I", b. W ilk:- i"dslinmwr hitg It It
U.,, %il+Ia~ie V rikb ll' Cvery3 itllstru -
,i V1'. ThO D0eriod (1f 0he fat~Al hea-,t i
indienitedl a, t. t Ill wich'l 1,he elforlt.
Of h11 u.h1, lir1 inl abl SeCions11 ear t a
the. MNi6sissippi (which have sulfortt
SL-v.'rtely fronlt the epidltI.ice of prostCa
Mimls anid sti.,rokiwi shiltijd lIm in(W
ar~v linp t forth,1 fNi ubl''a i~a o
II i(Atig 11 tI W IliitX i 011I1(,110 til Ltn i il Vol to
01u1' .bullil1lcet' 11isually cmil's it) thll
lat~ltlr intet Of . lthbe unIW t killinl;
heatJL is too ' be expC-ted ' ill Aulgulst. A\
I-Ilt. suillinu' ilaYs begin h) shortgel
Wensiblly, the wattars of the \Vesterl
Atlan,1titc and tht' Gu0f of .\luXico, Supl
plit't by ('urtrent's lih)wlilg fring1 Lit
equalIorial regions, ark. growing warill
Or ani evNt))Orttiol) frt-Oti tbheir ura
is tllle r'apid thitll it) ,)lne lir ,j1113
Thel denie vo),lulets of Vapor forjlning.
Over t.hese watersN offl Our A blantl'i alln
Guidist inl AwU, infu t r akenl upl hl)
Cte Lv. iG~ ~ i !11'( - /.,' and jiled Ill
over tlhe i'auta-ri jatwlt ils of the [Jth"
State.~. L'Ilhappily, 1.0m, inl the- tie r?
half ()f tiu, 1,h1c we.,tlrly air. 4.1r
pl'ls w ileh urt)- .hw \1-ity . 11
sonlably oxpect more seagonable -tem
peraturel than wo have had since the
-th Inst. The cool westerly currents
from tihe 11oeky Mountains-moving
ealsLwwrd to the iakes--are attaIping
l'.r4we strength and volume and will
soonl 1)ein to reato "04o) waves.
Biut for ,u-vural weeks morm, at each
recur'ing hot speil, It will be necessary
for atll persons4 living InI thle Central
anti Mitiio AtIlantic statos to takQ
extrit precitions against fatal pros
IC.ND) OF TillE, MAIN
Tih(e Closi ng Meeting at Abieville
% 114l Time etween Dun can ami
Special 4to Atlantai (onstitution:
The Cami)MgnI in tils State1t0 came to
a cli at. Abbeville to-day.
Th.-re, haive beel thirty-eight moet
I- -- hetd. and the Imeeting where some
mn has no0t heen called a liar, thief,
ra or shainderer. eaunlot be namled.
CJandidates for tiht) United StatCs
n 1i4 one(. of whom is th( Governor
of tilt State, iavo led in this kind of
debate. General lEarle sidd yesterday
1,butt. had he anticipated tile caImpaign
heir1g such a dirty one, he would not
have entered it for at connisi4on to the
St: nate.
The oly Ierson' I. !8,at nouter4 ha1ts belen
that, h-t wooln (b-neral Ilo~il and Gov
i-rnor l'vans, at l''lor-nce. TPhe contest
hit1wen (;4Iral \Vatts an1d General
liich bourg, for Adjutant, General, al
11oist reaiChe'd tile lighting stage ILL 0110
e tili. Tile 11tter Wis accused of do
fraudiig cro)ditors, failieg rib and
strah g. lit -i'engaged pistols for two,
but the toile of t noirp discussion was
changeu :Wxf, d1y and thc guns were
nlot u1sed.
''ie Cli IN I' rached to-day whOn
Duna)n11 spkIe4 0f th Gov1-rno' as Ia
"diry puppy," id when one 'of the
(aldidatos for (dovernor had consuled.
Loo much of th products of thle dispen
5)sar4' to Io a Lip to rId his pooch1.
Governor lNvans said he had been
dogged arould this Stato by ils lp)(o
41t414 s, a44tlckod when his hitiIs were
tied, bit timniked (od at diy of reckon
iui wmudi iote. llo thought the troul
hiO abouit his taking a4 fUC while Suna
tior was that lie iad nla offered to di
Ii. I Eivtnls read Senator 'i,'I 1 I 14la 's
lexh. vich thinlcanl claimled Is; his
ontly : ri tial to th11 Senalt,U. lI IC a1id
th.t bi its a'lt 'illmn candidato.
1.' a %.aiL' ied the cILrges lbolit
at hon:1. illn n-iiol was a cooked ilp job
by t W11e wh t k'%Vew1C he 1 Iwi a. fienid of -
Ithe. fraI14 'ine 7Th( 'overnor4)I'5 51ttI~lment5
timt,'ivln was aworso Replublican,1
tIln mliy ad thbat Tillman Was
U.' bir-gg-St manu1 at, the Chiengo Col ven
ti,. w re The Gover'nor' was
1. zied at tle1gram.
"W ait i inuti., hoy, ho said, "I
mov have to rpi.$4te1 a niggrl."
'T'll telegralm anl.1o4unced that 'T1h(e
iA'l'' zing '., of Uh'arleston, had de:
Clited14 fo' NIei:)1Nley inl )refero iceO to
Brya. Evns aid Chariuston had
heRI lepublicanl for eight yuear's. H1e
I V . cd 1hI far me rI nt, to rU '.'hIe
t; ollH News 4or N-ws and Courier,'
.they were stal)bing them in the
ack. T li' ederai ci'irts, ho said,
WerC' oweil body anld sLul by the cor
pora.tionIs and Ju .dg 0 1)I0nto1n Was in
Ii JilnketsI (of the28C rIds. One of thle
jtiig.., who voted for thle income tatx
put11, Iis had1141 bohiid his back, got it
full of hoodle, and the next day ro
vr i'm144elf. (;overnor Iva18 Wis
proplom(led this tillustioll by the chair
If you art! ieLted to the Senate,
Will you ever Work foir at corporation ?"
" I don't think I Would, boys," ho
rI.( i4i4, " I am H4lsur I Won't. When I
4rt) t.0 1, 'en)atU I will (illit th1e pra -
thv, 4)f law."
lin1111u 1ha fl.4an 1wv,1' With slandel
I h~inean said4 he1 11( hadben looking up
re4 tord4is and4 foundd11 'n 1n1n1 m~onthsB that,4
- ans1,- hadLt paidi for 7..I ieiIs of travel
0o1t'4of' -h1 is)4 Loningen~ t hand14. 11 is prvate
\V hen1 you4 phico11 such) m140n as, th is,''
ho asked14, " ini a4 wider1 field, whiat, will
1)01 t0b resl'1t, and14 whatI your4 rodro1 I y5~
WVhat, are we c:oing l.0 when this man
r'l can g ino 11.)h.4e2 54 pulic treasulry for
.)priva'te expen~lses ? 'Wh4.1en ho can act1
as) lawyer0I forI a4 Charleston br'Ooory
wihilil hie is State SonaI1tor ? When ho
(1n41 represent,' a. hond01( synldicate anud act
tIr the4( State ?
" l.'vans ha1.4 said there' wolid be a
4day oIf reckon(in4g. 1e t come <010qu1icklhy.
I'ra'11s wats bac41ked4 and whooped up by '
consta:1 hles at1.1.1b4u1.einlgs and1( attempt
od to do( by buto ht his(5.1PI 34.11 couriage
wo04 uld not)1 I0permit.
i" In hs apology at A nder'son, for' his
silander1 oif MLaxwe tii llIvans1," said Dun
can,1, ''S1tted the4 044se flsly. Th'le
'dirty puppy3' has4 sploken about miy
brotA~ber beingfJ. in the~ Stat~1.'s O)mploy
ment1 1. Wha is41 I'a's' record' ? I~e
had4( wiV'Ittena messa(881ge to tile Leogisia
Ltiuee, reLconnn41end( ig Lirouble lgil nst the
l'.i'oter went, 4,4) W'ash igton to got a -
Jobl as. (onnl1, and1( all act111i)n aLgainst
thet road,4 cea14,se d. Wha 144.was the shak
ing nyp of thec SouthernI (1011 for except
to1 g il4. his brothler a4 chlance to get, a
jobl yif 41.h4re weoI Ilns b'other1s
.' 1nu4g h, all StatLo o)1110s wonlId be Iilloeil
.- An immeriu41e melt-or' is rpor)lte3d to
ha1ve flln 144n41 Autguel, 91.h 140ar4 Tucs1on1,
A rimima. The noise was8 like that of
many44' ennnon1(1 filed s31iimulneouly13. Tholi
ir for4 miles11 around4( was4 Iilled with .
1.u41p.1u44us 41 as and th114 meteo40111r came
down11 red4 and14 smlokinlg. It COVers~
abouiit twoneres of ground, 1LI appo)ar'Ing
t(beimbled~i lundreds(1) of feet in the
i:arth, and1 1now1 f() '14 a4 grt,44 mo44untain1
in Ihle d4'eer. A\ herd's11" 1hut1 and cor
ral, wer44 in4 thle mfeteor's path. TLhe
herder,11P his wi fe and1( thre children, all
Ni'xicans44, together withl about 1,200
shoop1J, wenit do4wr iunder' the1 ighty
ville, Ky., whio was of tihe party, was
overcomo)1( by the phIonomonOnl. "'It was,
the4( 4444t brilliant, grand a4nd awe-In
spiring sig~ht ever wvitnossed," said the
mau4jor. '1it is simply beyond the powor'
(if tonigue or111 o oaccuraltely describe
it. T he hea'1t fr'om- the meteor Is so in
4.en1se, thal4t it w'ill be se4verai4 dlays he
fri' 1.,u mlound (canf be examined close
-T'ieore is a man44 atnd his wife in Jas4
per 'ia., who hiave twventy-nine 01h11
dren1, tw.enty sons and nine daughters;
b)esides they have sons-in-law aind
daughters- in- law to the number4 of
-twnnty-six.