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Show B Secretary Hoke Smith. B Secretary IIoLo Smith in bis speech Hj at Attain, un silver pays: BBBB Opening Ida remnrks. tho secretary BBBB reviewed tho lliinnclnl trouble of the BBBB putt olghtccn mouths and congratulated BBBB thorSontli ns well its acorgla upon tho BBBB excellent ihowlngmado. Thonttention BBBB of the comiuercinl world had been at BBBB -meted, mid ho predicted for that section H period of developments nud marked BBBB prosperity such as never boforo were B experienced. PBBfc. CftU1"K attention to tho recent ex- BB nml Colorado under I'opullst -ulc, the H secretary naked who Mould ho w illlng to H ecu Georgia follow tho leadorthip of n V I.Uiwilliiuforu Wnltc. llad us was tlio BB reeoidofthu third party in 11 10 West, BBBJ lliu cr7y thcoilcH of their liudcrsin B Conguiin ueruo.iough to etag,,er coin H pwbmeion nud chock thoughiful men, B Fen of clicJr beliefs wero worthy ol BB dUcuesion, but there ni 01 o uliicli BBBf Kceincd to lmo nppenred at.rnctlxe, BB nlthough when rvrcfuily Invest gated it BBB imiat bo claFsllled with lliei.' oihtr BBB theories ns nlinoit eijunlly ns ildnnd H liiipraetieable. lie referred to the frit B nud iiiiliniltcd colnngo of nlhe- ut tho B ratio of 10 to t by the Unhid StiiUs BB nlone, nud ilecl.ireil it to be n plan utterly B ut vurl.intu with round lninineMt priucl- BB l'les nml frnught with Inc.ileimble H BH Me mhs n thorough bliuctnllit:, strong H in Ids fnith, nud uoouecuiild buinote BH tiunllenthly oppowd to the nilop.iou ot n B siliglu gold Btnndiird. BH 'I'ho injury inflicted by n single smnd BH rd currency had been recently detnon- H stinted nbrcmd, and tlueUI elicits hud BB been felt upon proilucts of this country BB r.iUed fur foieigu coiituuiptiun. lie BBJ boUcu-il tho evil Ul'tcla wouldbu let,- BBB xeued by preserving llio prciient pel BBJ capita of currency here, hut wlicro there B fouithsof our cotton product goea ubrond BBB three-fourths of tlio injury lould not bo B readied except by tho success of bi- BB inctalllHin in tho places of consumption BB Cuiruney In tho United States had not BB beeu contracted, but on tho contrary, BB the per capita today uns f.'I.Ki, us BB ngaiust an nvcrngc of f 1 1 85 from I860 to BB The secretary then doHcribed (lie eight B difTerent kinds of money now nicd In BB this country, and uinintnined thut the BB Iimtnnt any ouo of theso unt to a BB premium it would become u commodity H for privalo snlu and contraction would BflK follow, but by pioseivlng ttiem upon an K ccjiial to tbo giowth of business nnd B )opulatIon, (outractlnn would be pre B B Afte 'lcliin the history of silver B deiiionctL .on by (lernmny in 1871 and B subsenuently by Norway, Sweden, B Doiimnrk, Hollnml, Himsia ami nations B. comprising tho Latin union, Secretary BB Hinitli said: BB In tlio mcnntiinc the Unltcl States B had uhnngpd from tho coinage of only B ''(SSJ.SOO Bllver dollars in eighty years BB up to lS"n,to tbo colnao of 418, l!oll,00U B standard sjlvcr dollars, und to tho BB purclmso of (ice silver upon which BB treasury notes were issued, nakingn BB total coinage value of 670,0(0,000 of BB silver used in this country during tho BM last twenty years, From nu average of ' BM $1,OOC,000 a year, tbo Uultqd Btntca has lli I HI I.HIIW-JI I !! " changed to tho use of nearly (3,000 000 a year. Tho annual production of silver in the meantime had changed from IS'),000,000 at tho colnngo ratio ol 1873, to $'200,000,000 nt tho coinage ntlunf U'J'2, nnd depreciated In vnluo ab ml W percent. From these facte sever conclusions con-clusions nro irresistible. First, tho peoplo of tho United Stale n have 1 10 use of seventy times an much silver ns money of full legal tender at present nath lyhad befuro 1873; second, tho deprcclat n In tho vnluo of silver wnsductocnusi other than Its treatment in the United !!tnts. It is therefore evident that Bllrc , nt a ratio of 10 to 1, It unlimited coinn ;o wns attempted In this country, must cither Hood our mints witlicnormousquantities of silver, which wouldatoncodcp cciat the value of our money, or itwiulo be coined only in reasonable, rjusntlt cs and tlilH could not Biibitmitinly urn. ;t tlio merrhanlllc valno of the bullion U rough-nut rough-nut the worll. In cither e it. we would be forced to tho exclusive iiscol a dollar worth only n little man than half the present dollar. It would cause the settlement of all contracts at t he ruto of DO cents on tho dollar. It would riqulro tlio reorganization of all prices lo bo adapted to tho now currency. It would compill a change of all legislation in fixing salaries. It would iiccoshIuio tho entire rcadjuitinont of tho prl'nlo nud government business of the United BtaliH to tuect londitlona caused by a degraded dollar, Tho confusion incident to such changes would begrcat. |