Show SMITH RASPS 1 FREE COINAGE Secretary Accorded a Vast Audience Audi-ence at Atlanta VERY WARM WELCOME I nIFEnIXO BETWEEN JHFFEIU sox 1 IIAUVEV I Pulley of Hue Former Endorsed nnd I Thiit of the Latlci Coudenined Free Colnnse Would Ucncflt So One But W uult1 Wojrlc Vnatllard Hliips to All Especially < u tho Cotton Planters ot the South Said Uolze I ATLANTA Ga Dee SCord as was the weather tonight the welcome extended tended to Secretary of the Interior Smith on his appearance before the general assembly to discuss the financial finan-cial question wa of the warmest Standing room only was available in the hal of the house of representatives tives where both branches of the leg slature sat and loud and lengthy ap T4ause made frequent interruptions Jn Ins remarks The secretary had been invited to Jiscuss The Issues of thE Day t like exSpeaker Crisp who spoke be fota the same body two weeks ago ho tonfiied himself to the money question ques-tion taking strong ground against the free and unlimited coinage of silver and defending the course of the admin iStration In financial matters Mr Smith gave a running review of the history of currency in this country Ii3 was not against silver He wanted just a many gold and silver or paper dollars circulated in this country as could be kept as Rood as any other dollar He endorsed the bimetallic policy pol-icy of Thomas Jefferson he said but ho did jiot agree with the bimetallic fallacy of Coin Harvey and he ar gud elaborately to show that the free atd unlhnited coinage of both gold and silver at the present ratio would re bult In the establishment of the silver standard and the disappearance of all our gold The tide of population and of capital was now setting toward the south and the southern people of all others had occasion to dread a revolution revo-lution Free coinage will benefit no one and work vast hardships to all and especially I espec-ially to the cotton planter of the south who would have to sell their cotton at a gold standard price and buy their goods at an inflated silver Standard valuation The most significant part of Secretary Secre-tary Smiths address was his reference refer-ence to state banks The repeal of the 10 per cent ta on their circulation would he believed be one remedy for our nancial ills He took pleasure in tPlung nis auditors that of a great number of great lawyers In the na tioral cltl with whom he was a sociated all were agreed that the prohibitory pro-hibitory tax was unconstitutional Prfsident Cleveland and Secretary Carlisle had both recommended its repeal re-peal ta the last Congress and their recommendations would have been renewed re-newed but It would have been useless use-less to appeal to the present Congress for such action The secretary closed by announcing h assurance that the next national convention would take advanced ground against free coinage and coun seliug calmness of discussion and harm har-m with party lines ro that after tie battle was over there might not be too many scars |