Historical Newspapers of South Carolina

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? I ISP IJV %VJl4 wwM IIIJH 41 W liv &IP ip 141' iii % JP i F / / / f TH a suaxTEK WATCHMAN, Established April, 1S50. "EG J vist and Fear not-Let ci]] tho Encl.? thou Aims': at. be thy Country's, thy G-od's and Truth's." ?3i? T;?US SOUTM?GN, Established June, 1266 Consolidated Aug. 2.1881. SUMTER, g. C., WEDNESDAY, APRIL 8, 1898. Sew Aeries-Yoi. XV. 2??37 Published Eirsry 'S'c?.nss?ayj -BY KT. Gr. Osteen, SUMTER, S.'C. TERMS : ?1.50 per annum-in advance. ADVBRTISBHEKT: One Square first insertion-?.$1 00 Every subsequent insertion. 50 Contracts for three months, or longer will be made at reduced rates. All communications which subserve private interests will be charged for as advertisements. Obituaries and tributes of respect will be charged for. Dividing Time in Georgia. Three Hours' Debate in Au? gusta on the Silver Question. Hoke S mi tn and Crisp Have Eaeh One Hour and a Half. They are Greeted by an Immense Au? dience and it ts not Apparent That the Speeches Have Any E?ect in Changing the Opinion of the List? eners. AuGOTA. Ga , March 31.-At ll 30, the three hours7 debate between Secretary Hoke Smith and Es-Speaker Crisp on the finaocial question feas been completed, and the champions of each are daming the better of the argument for tte man of their choice. iBoth were applauded to the echo, when the sentiment enunciated met witt endorse? ment, and it was noticeable that tbe same men applauded either ?peaker. There was no such divisioe of senti? ment as forbade champion* of Mr. Crisp to applaud Democratic sentiments uttered by Mr. Smith, ao-d -BO advo? cacy of the gold standard ^precluded appfeusc for popular sentiments de? clared by Mr. Crisp, it was a 'D?mo? cratie audience, and both speakers were rec3guized as honored Georgians and distinguished Democrats discussing party policy in the house of tbeir friends As arranged there vas seating rooci for*?,200 people. There had been no invitations issued to the ladies, as it was desired to have *'K the ftvailabie spaee for voters. There was no em? bargo upon their cornie^, howr?ver, and the boxes on both sides ?-ere filied by them^ while many occupied seat* in different parts of the housse. Ex&cily at 8.30 Chairman Doughty, of the Richmond Cou?-ty Democratic executive committee, stated the terms of the debate. Mr. Crisp to open the discussion io one hour and ten min? utes. Kr. Smith to foilow in one hour and thirty minutes and Mr. Crisp to coociade in twenty minutes. "With? out additional remarks,** he sai?, "I now introduce the Hoc. Charles :F. Crisp." HR. 'ORISP'S OPEXIXti ?PEECK. As Mr.. Crisp arose he was greeted by a storm of applause lasting many seconds. Se began by say-tog:: Tlis is a somewhat unusual spectacle for Georgia Sut unusual conditions exist and we hope that these co?ditions wiU justify f.he spectacle that is .presented. Mr. Smith aod myself are bock Demo? crats and both expect to stand loyally by the De?osratic national platform and nominees. .(Applause.^ Btit now ijn advance of ?ur National C.ouventiou Democratic policies are being discussed among ourselves, ?nd Mr Smith and t .differ upon GOO important question thar is before the couetry. We differ on the subtecs of money, h is our pur? pose to deal frankly with you in this discussion and heip you to a proper concludion. To beg;? with, you mu?t kaow snooey is a medium of exchange and a measure ot deferred payments, price is determined, o?icr things being equal, by the amount of priuuary tuooev in the wor?d. Value is determined by the law of supply and demand. This is a general law and applies to money as well as commodities. If thc amotiat of cottou in the world at th', current price was just enough to baisse? all tho I money in the world, nnd yo'3 sbou'd increase the supply o?' cotton, you j would diminish its price, bur ii yvi \ diminished tho suppiy you would in- j crease the pnce. Likewise ti you irj- ! creased the vo'urne of money ye:; would j increase prices, aod if you contracted ; the amount of money you would lower i prices by increasing the value of money i This is called the quauti'ive theory of money. Now prior to l873 gold and s?7er j were used as the two money metals at a j ratio fixed by thc several Governments j -not exactly the same, but the con- j sensus of opinion was that the ratio was j about ?fteen to one. it had been so for several centuries. Wheo we became a nation we had to estsblish our money standard. Each country has to do this for Uself. There is no such .thing as international money. Tbie country cannot decree toa* its money shall be legal fonder in England, and En g lat cannot make irs money a '?ega! tend hero. Our statesmen in 1792 decid' on fifteen to ono as the ratio bet wei goid and silver. Most European n rions at that time had that rafi Linked together as one metal their coi age ratio and their bullion ratio we the same, io 1802 France fixed fiftet and a half to one as the ratio of coil age in that country, and being an it portant commercial nation the rat fixed at the French mints soon beean the ratio of the world. In France pound of gold would hay fifteen and half pounds of silver, while in otb countries only fifteen, and gold con menced geing to France, as it. alwa; goes where ii can buy the most Oi goid standard friends confound circu? tion with standard The money stat dard is one thing and currency is ai other Though our gold went to Frani we were not on a silver basis Go was still eligible to coinage and w? good for the payment of any deb Now if legislation cannot regulate' va nes, why did oar fathers change tl ratio to sixteen to one to bring go back ? It. came tack here just as had gone to France, because we lu madeit more valuable and it wou buy more here But. still we were c a bimetallic basis. Bimetallism meai the equal rights of coinage of two me als at a fixed ratio and an equal pu chasing and debt paying power for tl coins made from either metal AD law that diminishes the amount of stai dara money in thc world^is injurious I the masses of the people, and only beti fits those who have fixed 'incomes an money to leed. (Applause.) There a limit to the demand for every artic except money. The demand for moue is unlimited, because with money yr. can get everything else, and thc desii for money is measured by the sum < the desire for ail other things. Dow to 1873 gold and silver were linke together, with only slight variation i their relative value, though sometim< their production varied 3 to 1. in 187 the United States detuonetieed silvei No gold man has yet been bold an frank enough to tell you why. Bi the real r-easo? was to decrease th amount of standard money and inereas the value of that whick was lei (Applause.;) Mr. Crisp then eommecited cyz th statements by latter day statesmen thc from 17S? to .1334 this country was o the stiver basis, and thar, after 1SS4 was on a gold basis. This comes fro: con found-La g circulation wtti: ttaudarc Wo may have had only one meta; c the other in circulation, but there neve was a time ic these years when eithe metal was-not eligible for coinage a the iegal ratio and good fer the -pay ment of any obligation, publie c-r pri vate. ia 187^ silver was surreptitiously d< monetized sad that act until now ba always been denounced bv the ?erao eratic partj.. Though to-day there b those who deny that it was don surreptitio?cly, no party cac go befor the country and approve the demone tizatiou of silver and have t?e apprcwa of the people. (Great applause.) Mr. Gris|) then reviewed silver legis lation by Congress-the BlaGd-Alli-soi Act, the Sherman Act, and t?e repea of the Sherisnaa ?cc. He argued the the position of the Democratic .partx has always been in opposition to tb< Republican efort to fasten upen th' country the sickie gold standard an? .contracci?n cf the currency. Not unti this good day hat the country vcewee the spectacle of Democrats goios ? around the couor.y advocating the sin ? gie gold standard He declared that thc Rep?blica* party had inaugurated the poHcv oi allowing the creditor to dictate whett.ei : he should be paid i? gold or silver, bul he blamed tho Democratic party foe following a bad precedent. He con? demned the issue of bends io time ol j peace He said they were issued tc I procure gold wheo nobody wanted I gcid : said the Government did not need geld to meer {{< obligations. I? had plecty of silver, aod it. could pay j its bcni:s for the groen back "= in silver, i (Applause ) He said it bsa cost this j c"in?ry -ST per capi's 'o keep this Gov? ernment on the gold basis for three j ;ycars only. Mr. Crisp ci os;1 d' wi:h an argument I tG show that this country could maio ' tain free and unlimited coinage of sil ! VT independently of other nations He said it was agreed that several Gov? ernments by international agreeiaent might do This admitted, that it ?rae simply a question of strength. Ho thee compared the population, aren, wealth and manufactures of the United States with tho~o ci' Europe*!u coun? tries, showing how ir surpassed them al!, and closing with .? patriotic picture of this country's power and resources j declared it was able to maintain alone : gold and silver at ti parity at the c-xi.sr- j iog ratio. He wa.* given protracted j applause ss he took his feat. Chairman Doughty immediatelv in? troduced Secretary Smith and his friends in the audience determined that he should have no less enthusiastic greeting than was given Mr. Crisp He had to pause until the applause ended, and theo began as follows : ll Ml.Il illi III I BB F E3 liV" '^iTr'^i!'' 3BBBK CCECCmgCg COBB BES -*-B ii OK r. SJIIXH'H S PKEC11 . You have listened to a glowing d' scription of ? i(? r r*!?i] ntrv 's resource MV distinguish?*'] friend only c'>mp]''ro :!;-> picture by saying sinee 1873 the development in all lint has been twice as great as daring ari other like period of its history. (A; plause.) We are here tonight consul ing together as Democrats upon par! policy. When the National Oouventic shall authoritatively declare that par: policy theo all differences will be at a end among us. and we will line u' shoulder-to shoulder, as Democrats an stand solidly on the party platforn (Applause.) In opposing the frc coinage of silver I am not fishtin silver and do not seek to reduce its U? or its legal tender value. ? favor a the sold, silver and paper that can { kept equally good. In answer ?o tl charge that they were" seeking to ste the use of silver or to contract the cu rency. he gave the amount of gol and silver in circulation in 1860, i 1873 and in 1895, showing rbat the t< tal to-day is eight times that of 18"? and that the per capital circulation ha increased from ?18 04 in 1873 to bf tween ?22 and $23 in 1895. We ar not trying-to contract the currency an our silver friends mislead you if the make you believe we do not mean to a complish the use of both gold and silv* as the money of final payment for a obligations of this country (Applause.) Mr. Crisp talks abou my confusiug circulation and standar of value, and his own argumeot show that he entirely misconceives the ma ter. Currency is something which ci enlates and furnishes the means of es change, but a standard is a measure < valuea, and to be a standard it mu; perform the function of measuring jj Mr Crisp says we had a double stat .j dard prior to 1"873. but what is the us of a staodard you don't measure by ? Whenever you coin two metals au put into one greater valae than th other you become monometallists on th cheaper metal. ? am not here to figb bimetallism, but silver monometallist -(applause)-to fight the contraciio that, silver men are advocating. H said that when this country fixed th ratio in 1792 Jefferson did so aire finding out the commercial ratio. I be lieve in that kind of bimetallism. Th stamp of the Government does not im partl.ho value to the coin, but simpl he:irs witness that the coin contains certain amount, of valuable metal Paper money does not acquire V3?U from che stamp of the Government but, from the Government's promise t redeem it. in something of value. (Ap piause.) Jefferson found rrold wort! fifteen times as much as silver and fixe? the ratio at 15 to 1. Our latter da] statesmen fi?d gold worth thirty time as much as silver, but want to fix tb ratio only 16 to 1. Why not 15 to ; or 14 or 10 to 1? He then reviewed tbe history o 'financial legislation, showing how th< ratio "had been changed, and how om metal had left the country at one pe ried and the other at a latter period ?fie declared that we had silver mono metalisra up to 18?4 and gold mono ructalism aftewards He said we hac been -unable to bring the two metals to? gether when they varied only 5 pei cent in value, aud now we proposed tc do so when they differ-50 per cent. ] nm opposed to the trial simply because I know they cannot do it. Mr. Crisp says this idea that wc were on a gold monometallic basis be v fore 1853 is of modern statesmanship ? I will read him from the report of the chairman of the ways and means corn -mittee from the House of Representa? tives in 1853 as follows; "We have had but the single standard for the past three or fou? years and that is gold and j we propose to remain there.'' MULLION'S OF SILVER DOLLARS lt is easier to captivate an audi? ence by appeal? to prejudice against Wall street and Lombard street than by argument. There is something popular in this idea of "free'' Kilver, j though we do not understand it like j the Populists that it is to be given j away. 1 fancy that the applause j which greeted thi?? phase of" his j speech mus?; have come from repre j sentatives of that party He I charges that the Act ol 1873 was i surreptitiously passed. 1 d:> net i care bow it was passed. If it is bad j let's repeal it ; if good let us keep j ii Before 1S 7 o only 8,031,000 silver dollars had been coined. Since ' then 425,000,000 have been coined, j Not onlj, tim!, but this vile Admin is ?ration at Washington lins coined '? between sevetr and eight millions j standard silver dollars and within ' two mont hs will have coined more , silver dollars than were coined dur- '. iee; the eighty years of bimetal.ism. Ho then replied to Mr. Crisp's reference to France and declared that < the effort at bimetallism had boen go-1 ing on in France for two hundred j years prior to 1803, and that the j ratio had been changed twenty-six I1 times within a century. lie read j French authorities which took thc 1 ground that at times France, while < claiming to have bimetallism, had, i? - fact, been on a silver basis alone up to 1850 and after that upon gold, fl H necessitating tin- appointment of : commission in 1S?7 in the effort t< get silver hack into circulation. Th? gentleman has seen iir t< critic! ? AIQ course of the Secretan of the Treasury in his efforts to keej silver at a parity with gold It France they paid not only in which ever metal the creditor demanded but would redeem silver with gold but in spite of all this, from 1820 tc 1850 France had silver monometal lism, and from 1850 gold monometa lism. He declared that the ratio of 16 t< 1, which is not in accord with th< commercial ratio, is undemocratic and violates the teaching of Jeffer son, Jackson and of Cleveland (Great applause ) It accords witl the teaching of Jones, of devada Bryan, of Nebraska, and Watson, o Georgia 1 dare to be a Democra who differs from those last thre< distinguished gentlemen. (Ap plause.) It is impossible to hav< bimetallism at a legal ratio whicl disregards the commercial value England tried it in vain, and tlx very country the gentlemen cites, . have showed by history, failed anc abandoned the effort Mr. Smith then argued that th< great increase in the production o silver, the .establishing of railroad! to the mines and the improvement o machinery for mining had caused tin fall in the price of silver. He de dared also that since 1873 fourteei nations had demonetized silver, anc it was impossible to restore the con ditious that obtained in that year The silver men tell us to restore th( conditions of 1873 It cannot b( j done. They say. let's try it. Wil you voluntarily do a thing thal is un speakably stupid ? Turning to Mr. Crisp, he said "Do not ledd your people, sir, inte the folly that your statesmanship should tell you will be ruinous ti their best interests. We have seei fourteen countries staggering undei a load which they could not cany and now you say for only one o them to try it and see There wonk be nothing left financial to see aftei we tried. No country conld, anc certainly not ours, restore the parit} of silver at 16 to 1. It is. not in thc Democratic platform, and while Goc gives me voice 1 am going to urg? that it shall not be put. theie (Great applause ) The standard it this country to-day is gold-23.3'. grains of gold. For the sake of the people it is necessary to keep botl: silver and gold dollars equally good When the proposition was made tc out "gold'' in these bonds it wai because lite Secretary knew wc could not maintain the credit of this country without allowing the cred? itor to choose in which money he should be paid The Secretary %then argued that should a change be made to a silvci standard the laboring man would bc the one to suffer ; that while the commodities which he must bu\ would double in price, it would be a long time before his wages would double. *'I would rather put my arm in the flames and burn it to the shou^ . than injure one of them io his e. rt to make an honest living. Mr. Crisp has asked me to say what remedy I propose for the ex? isting evil. I find that I cannot I complete my argument in the time remaining to me and I will give the remedy which I propose on Thurs? day night in Atlanta I put him on notice in general terms that it will be along the line of the President's message and of Mr. Carlisle's sus gestion in 1894. I agree with Mr Cai Use that the double standard is a physical and metaphysical impossi? bility We are on a void standard, but this is a bimetallic country, if Congress will pass the necessary legislation and allow us to pay off and cancel the greenbacks and sil? ver notes we c>i!! do so without issuing another bond Though some of our friends are disposed io criti? cise the Administration, taking the two Administrations together, Pres? ident Cleveland has reduced the in debtedness of the country lour hun-j dred millions and we have cut off] annually tvrenly five millions of fraudulent pensions if he had ser- ! ved or:iv one to::>: n?>d we could : nom?nate him again we would elect J him; and before the ?.:,.! ol'his ter:;: : you ail would bless him. (Ap-J plause. ) fie "then referred to the fact that j under the Democratic Administra? tion four mer; had been put in the j (:.-.i)!?i"t as a recognition of the! South two Supreme Court Judges ; I Fitzhugh Lee, in Virginia, Mat j Ransom of North Carolina, and j Wade Hampton, of South* Carolina, j were now hoiding important posi- j lions under the Administration. "I j ove the Democratic party for its principles and for what it has done, ! md I appeal to you to save it from ? he disgrace into which this mis? taken statesman.*?1 ,-p would push it." 'Great applause.)-Special to the N'ews and Courier. Old Pianos taken in exchange for ne?v ones ,t the Sumter Music ?numpi] us ineirs. Eappieye Reviews the Situa? tion ia Cuba. Eebels Will Win. New York, March 30.-Elbert Rap pleye, the Cuban war correspondent of The Mail and Express, who was re? cently expelled from Habana, arrived here to-day on the steamship Yucatan. In an interview, Mr.-Rappleye said : "I com'.: back from Cuba as a depor? tado' of General Weyler. In his de? cree expelling me from the island, I am called an enemy of Spain, that charge being based on letters published io The Mail and Express over my signature. Any person familiar with existing conditions in the island of Cuba would k'ow that the only enmity, if any, I have shown towards Spain has been in telling the truth, without fear or prejudice. This of course has resulted in my expulsion as an impar? tial observer, sent to Cuba to study and inform myself and report the progress of events there, without restriction hav? ing been placed upon me when I ac? cepted this mission. "I unhesitatingly state that within three mouthe the insurgent cause would be triumphant if the United States government would grant them bellig? erency rights and give the Cubans any? thing resembling a fightiog opportunity. The Spanish are now rm thc defensive. Every battle fought in Cuba io the p?-Bt 30 days bas been invited by the rebels They have more ammunition now than they ever have had. and if they can maintain a source of supply there is not anything that can prevent them from winoing. General Weyler has been Spain's greatest, mistake io the war. His name and reputation carried an odium which attracted the attention of the world. The best evidence bf bis bad generalship is his complete fail? ure to hoid the insurgent armies back after they had left the weste.n prov? inces of Cuba; "Maceo started his wettern cam? paign, which is now complete, with 15,000 men, one-third of whom had not a single arm to fight with. Those who had guns went into battles with one or two cartridges and knowing that unless they captured the enemy's am? munition they would have nothing to light, with the next day. They are coming baek now with the whole cargo from the Bermuda, and General Wey !cr is withdrawing the Spanish defences from at last one-half of the principal points of the island to bar their prog Tbis leaves Gomez, with a larger foace than Maceo, practically unrestricted to do as h3 pleases in three-quarters of the area of Cuba, "while the barrier j which Weyler is attempting to place before Maceo is acknowledged by one of his own generals, with whom I talked just before my departure, to be but, little stronger numerically than Maceo's army, notwithstandiog the fact that in all of the invasions heretofore the Spanish have unsuccessfully at? tempted to preveDt them with tbe cum? bers in their favor of at least four to one. While there bas beeo some doubt, perhaps justified, about the military organization of the rebel armies., that exists no iooger, as they are perfectly organized, with commanders of every rank, at this time, and all of their operations are being conducted as sys? tematically as those of the Soanish. Their one appeal to thc world is not for sympathy, but ammunition " For the Armenians. New York, April 1 -The Armenian . Relief association to-day cabled ?3,000 1 to MUs Ciara Barron, through the Con- I 8t3n?!uople committee, bemg she j amount raised by citizens of Newark, I X. J . at vt rn ass meeting held in be- . half of Armenia in that city. This i- : the larg st collection raised at any cr>e ! meeting. A cablegram jus: received I from W. W. Pee? treasurer of the! Constaotiriople committee, Fays : "We have a quarter nf -i :r;i;'; people on cur lists ;-? 17 'ii^rri: :jri^ ! '.entres We musT buy seed co secare i tut arc harvests and daih rations must : alsrj be ker? r?p ra save the Dennie fro::; I starvation. The urgency 53 extreme." 1 T::e >V.v York womals auxiliary of j 'he Armenia, relfef committee i^ued ! au appeal ro the ehurol?e.s asking ti.:;; 1 the morney nen 'v for f] iat Elster be appropriated for fhe relief of the ?far~;.i r Armenians ns a moro ' "ep?ab?c Easter offering. i ( Fn rroinrr to get a d;;:;k stop and I'-ink j i :hM bargains in Planes, Ur,'*::-; and Sewing i ( ??;Tch:nefare to b? bad .it the Sumter M ?.--ic j I ! use, 11 the ??asonie Terania buildm**. Brunswick Barning. Half a Million Dollar Fire One Lite Lost. SAVANNAH, Ga., April 2.-A spe? cial received at ll o'clock to-night from Brunswick, Ga., to the Morning News, says : Fire, which commenced ?his morning at 11.30 and is now burning, destroyed fully a half million dollars worth.of property, cost one human life, caused one man to be mashed and crip? pled and prostrated four men, who are suffering in various stages. The dead man is night watchman Smith of the Piant system, who died from appolexy duo to excitement and overheating. The injnred man lo>t a hand ; hi* name is unknown. The men prostrated arc negroes. The property destroyed includes tho wharf property, cotton warehouses, co., all belonging :o the Plant system, and comprising their locai terminal freight facilities ; from three to six freight cars and between 10.000 and 20,000 cross ties, the property of E. Emanuel -rid Jas. E. Broadhead. on the Plant sys? tem deck ; 25,000 barrels of r-^in, 10,000 barrels of spirits turpentine, all the wharf engines, whoip-?le grocery building, grocery etoek ?nd warehouse buildings of the Dowe.?og company, Segues' Ssh boase and vari? ous small fish and oyster houses en he water edge of Pay street. The Fruits of Legislative Economy. A meeting of the bo? rd cf visito-- of the State Military academy was held yesterday morniog in the Hotel Jer foe. All of the members except one --re present. The object of the meeting was t' de? vise the means of running "he ins ca? tion upon the reduced appropria ion mads by the last general assembly ;er the education and maintenance of ;,e 68 beneficiaries in that institution In the last annual report of the board -f visitors to the general assembly, h; u itemized statement of expenses, i: r >s shown that the er.st of educating d ; maintaining this class of cadets req'iir??d an annual appropriation of ?20 OW) and the point was distinctly urged .t if a less appropriation be -nade, the beneficiary must necessarily be ree*'.?" i to bear a part of his expenses. F >m the reopening of the icstitudon . ' I last year the annual appropriation i.i ?20,000. The appropriation for m->. current year, of 12 months, is $18 OOO I -a difference of $o0 per cades. I After full discussion of the sifua . ? j and in view of the fact that every i j omy has been practised short of im .ir I ing the efficiency c/ the school, i j doing justice to the pay cadets who j for all they get and whose parents mand the high grade education which they pay, the board feit i> selves forced to adopt the mease: f squiring each of the beneficiary t.; s to contribute ?30 of the amcun' i to?ore al?G*Ted on his personal zn?x ^-Ths State." -?- ..?AS- ????. ni -- Another Cuban Expedition. PHILADELPHIA, March 31- it fr ported that another large exped will ?oon sail for Cuba. Tho po of departure aod the time .if sailing i volved in doubt, although it ^-id r, the vessel may get away within next forty-eight hours. The v ' which will take out the ezpeditio' reported to be a large steamer, rec-n iv purchased by the Cuban Junta in country. It ?? further sari tha? steamer will be strongly manned i that she will mount several h avy r ? d uns. with which she could carry < mt argument with anv o? rh: Sp^' ? misers patrolling Cuban wa*ers. i* ides >ma!i arms and a~muui i n Consolidated Aug. 2,1881. SUMTER, S. C., WEDNESDAY, JANUARY 29, 1896. New Series-Yol. XV. No 27