Democratic Sentinel, Volume 19, Number 17, Rensselaer, Jasper County, 3 May 1895 — SECRETARY MORTON’S VIEWS. [ARTICLE+ILLUSTRATION]

SECRETARY MORTON’S VIEWS.

Declares Himself for Gold Supply and Demand Regulates Value. Secretary Morton, in an interview on the silver question, said: “I do not believe that an international conference can establish permanently a commercial ratio between gold and silver any more than it can establish a permanent commercial ratio between rye and wheat. But if an international conference can fix the price

of gold and silver it can also fix the price of wheat or any commodity, and thereby avoid all possible shrinkages in valued which tend to caused panics. j “My own judgment is that we must sooner or later declare that the United

States recognizes gold as the best and least fluctuating measure of value and medium of exchange which the commerce of civilization has thus far utilized. The time for straddlers is passed. Those who are for sound .currency on a gold basis ought to have the courage to say so and abide by the results of their convictions. I have no hesitation in declaring myself opposed to all free coinage fallacies. My judgment is that silver cannot be restored to its former monetary place in the commerce of the world, because the supply of silver has outgrown the demand for silver in the exchanges of civilization. The relation of supply to demand is the regulator of value. This axiom applies alike to salt, silver, sugar and soap. All the legislation of the law-making bodies on the face of the globe can neither mitigate nor annul the operation of the inexorable law. The relation of supply and demand is the sole regulator of value.” Proposed Republican Policy. Washington dispatch: Certain elements in the Republican party will endeavor to obtain a definite declaration regarding silver at the national convention. They think it useless to attempt uux’ommit the party to free and unlimited coinage, but they will try to secure insertion in the

platform of a provision for coinage of silver to a considerable amount. They are even willing to change the ratio and make it 18 to 1, or thereabouts, but they want the Republican party to commit itself to the coinage of $400,000,000 In silver. There are Republicans in the East who call themselves friends of silver, and tUis_is the kind of policy they are counseling? FOR FREE COINAGE. Ex-Speaker Crisp Saya the 1896 Demo* cratic Convention Should So Declare. In an interview at Atlanta ex-S]>eaker Crisp gives his views of the coming presidential campaign and the politics which will enter into it. He says: . “From the time of the tariff commission of 1880 down to a year ago tariff reform had its varying fortunes, resulting at last in u revision acceptable to the people. The silver question is going through the same course of public discussion. Just as in that fight the silver men will have their battle royal, when the American people

will award the victory. The majority of people in both parties are in favor of the free coinage of silver. They are today behind the free silver movement, and they will push it on to success and have silver re-established to its old equality with gold. In the next campaign the rehabilitation of silver will be the controlling issue upon which Democracy will appeal to the people. Party platforms should always be plain and direct. Whatever reason existed for different constructions of the platform of 1892 should no longer exist, and for this purpose that to be adopted in 1896 should be so plain that even a school boy can understand it. The platform should declare for the free coinage of silver. "Of course,” said Mr. Crisp, “there is a contingency in which the people might not be called upon to settle the question—that is the probable action of an international conference. That would be the best and easiest method of re-establishing silver, and with less of the element of experiment in it. If such a conference should be called, and it took action restoring silver so that the people would be satisfied, we would have no financial issue for 1896. I am in favor of its free coinage, us I have always been.” ALLISON FOR SOUND MONEY. lowa Man So ExpresHCß Himself to a Chicago Newspaper Interviewer. Senator William B. Allison, of lowa, passed through Chicago the other day on his way to Washington. In response to

the quiries of an interviewer he said: “I tun in favor of sound money. Gold and silver have been the money of ipitions for centuries, and all that is needed is to establish the relative value of the two metals. The question now is how can we place silver in circu-

lation and pass it current gratifying, is it not, to know that a few men can save our country by loaning us gold to pay our current expenses?” Tennessee Bimetallic Leanne. The first movement of the friends of free silver coinage in Tennessee to organize was made when, in response to a call, a gathering of the supporters of the white metal was held in Memphis, at which the nucleus of n Bimetallic League to embrace the entire State was formed. Before organization was perfected the meeting declared its principles in a brief resolution favoring the free and unlimited coinage of silver at the ratio of 10 to 1, independent of the action of other countries. Trials of the New Party. Washington dispatch: When the Bimetallic League, which has headquarters in Washington, organized the new silver league on a 10 to 1 basis, it was with the expectation that both Populists and free coinage Democrats would go into it. The Democrats refused to have anything to do with a new party movement, and now the League people have been informed that tlie Populists will decline to join them. Sixteen to One Move in Texas. At a caucus in Austin. Tex., of the members of the Legislature, at which Hon. John H. Reagan, ex-State Comptrollers Brown and Swain and other prominent citizens were present, resolutions were adopted looking to the organization of tlie free silverites in Texas cn the 10 to 1 basis. Carlisle to Speak at Memphis. Secretary Carlisle Has confirmed the report that he is to address the soundmoney convention at Memphis. He sent a formal acceptance and will at once begin the preparation of what he is to say.

SEC. MOUTON.

EX-SPEAKER CRISP.

ALLISON.